TJ

Thomas J. Herzfeld Advisors, Inc.

Diversified strategySector-focusedHigh-turnover trader

Total reported value

$294.0M

Reporting period: 2026-03-31 · Number of holdings: 115

Thomas J. Herzfeld Advisors, Inc. disclosed 115 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $294.0M and a quarterly turnover rate of 71.1%.

Personality snowflake

Concentration
17.08
Portfolio Stability
71.15
Momentum/Contrarian
71.77
Sector conviction
100
Diversification
100
Sizing Uniformity
80.14

Recent moves

  • Add FSCO

    +93.7%　$6.8M

  • Trim BPRE

    -57.6%　-$6.8M

  • Trim SABA

    -51.3%　-$6.7M

  • Add FSSL

    +37.0%　$6.1M

  • Trim RA

    -55.9%　-$5.6M

  • Trim STEW

    -71.8%　-$5.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1FSSLFs Specialty Lending FundStock-Other11.95%+2.14%+36.95%
2PDXPimco Dynamic Income StratStock-Other9.40%+1.10%-4.01%
3FSCOFs Credit Opportunities CORPStock-Other6.38%+2.33%+93.70%
4HFROHighland Opport & IncomeStock-Other5.27%—+10.51%
5HERZHerzfeld Credit Income FundStock-Other4.26%+4.26%NEW
6SJBProshares Short High YieldETF-High Yield4.20%+4.20%NEW
7GOFGuggenheim Strategic OpportStock-Other3.81%—+9.51%
8BRWSaba Capital Income & OpportStock-Other3.25%-1.10%-22.76%
9SDSProshares Ultrashort S&p500ETF-Other2.78%+2.78%NEW
10ASAASA Gold and Precious Metals LimitedStock-Other2.66%—-6.30%
11SABASaba Capital Income & Opp IiStock-Other2.19%-2.25%-51.29%
12PAXSPimco Access Income FundStock-Other2.16%-1.71%-41.17%
13BPREBluerock Private Real EstateStock-Financials2.05%-2.29%-57.59%
14DPGDuff & Phelps Utility & INCStock-Other1.92%—-16.61%
15PFIXSimplify Interest Rate HedgeETF-Other1.85%+1.85%NEW
16JFRNuveen Floating Rate IncomeStock-Other1.82%-0.50%-18.66%
17RABrookfield Real Assets IncomStock-Other1.49%-1.90%-55.89%
18TFLOIshares Treasury Floating RaETF-Gov Bonds1.37%+1.29%+1678.21%
19EICEagle Point Income Co INCStock-Other1.26%—+26.77%
20NMLNeuberger Energy InfrastructStock-Other1.16%+1.16%NEW
21KYNKayne Anderson Energy InfraStock-Other1.14%+1.14%NEW
22BGRBlackrock Enrgy & Res TrStock-Other1.07%+1.07%NEW
23EMOClearbridge Energy MidstreamStock-Other1.06%+1.04%+5709.35%
24PTYPimco Corporate & Income OppStock-Other1.03%+0.79%+347.84%
25DUSTDir Dly Gol Mn Idx Br 2x ETFETF-Other1.01%+1.01%NEW
26RFMZRivernorth Flex Muni IiStock-Other0.99%-0.38%-28.12%
27TWNTaiwan Fund Inc/th/md-us INCStock-Other0.93%-0.56%-49.80%
28PDIPimco Dynamic Income FundStock-Financials0.90%—+1.31%
29QIDProshares Ultrashort QqqETF-Other0.90%+0.90%NEW
30BCXBlackrock Resources & CommodStock-Other0.89%+0.89%NEW
31STKColumbia Slgmn Prem Tech GrStock-Other0.85%+0.78%+1035.14%
32FINSAngel Oak Financ Strat INCStock-Other0.84%—-10.66%
33XSSPXNuveen S&p 500 Dynam OverwrStock-Other0.81%+0.81%NEW
34BSMQInvesco Bulletshares 2026 MbETF-Other0.79%+0.79%NEW
35BSMRInvesco Bulletshares 2027 MbETF-Other0.77%+0.77%NEW
36DXYZDestiny Tech100 INCStock-Other0.75%+0.75%NEW
37FUMBFirst Trust Ultra Short DurETF-Other0.75%+0.75%NEW
38OXLCOxford Lane Capital CORPStock-Other0.74%-1.24%-44.29%
39LDPCohen & Steers Limited DuratStock-Other0.70%—-16.32%
40MEGINyli Cbre Glbl Infr Mega TrmStock-Other0.65%—+15.18%
41GAMGeneral American InvestorsStock-Other0.65%+0.65%+26239.52%
42BTXBlackrock Tech & Priv EqtyStock-Other0.63%-0.58%-48.31%
43STEWSrh Total Return Fund INCStock-Other0.63%-1.77%-71.79%
44BSTZBlackrock Sci & Tech Trm TrStock-Other0.62%-1.03%-61.58%
45SDHYPgim Shrt Durat Hi YldStock-Other0.62%-1.22%-65.58%
46CETCentral Securities CORPStock-Other0.62%—-33.10%
47TBLDThornburg Income Builder OppStock-Other0.50%-1.08%-70.01%
48CEFSSaba Closed End Funds ETFETF-Other0.50%—-23.10%
49XGDVXGabelli Dividend & Income TrStock-Other0.47%—-24.69%
50JLSNuveen Mortgage & IncomeStock-Other0.45%—-10.01%
1–50 of 115

Holding changes this quarter

Thomas J. Herzfeld Advisors, Inc.'s most significant position changes for 2026-03-31: Sold out: Herzfeld Credit Income Fund; New buy: Herzfeld Credit Income Fund (HERZ); New buy: Proshares Short High Yield (SJB); New buy: Proshares Ultrashort S&p500 (SDS); Sold out: Neuberger Next Generation Co (NBXG).

Position changes disclosed by Thomas J. Herzfeld Advisors, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1FSCOFs Credit Opportunities CORP+2.3%+93.70%Add
2FSSLFs Specialty Lending Fund+2.1%+36.95%Add
3TFLOIshares Treasury Floating Ra+1.3%+1678.21%Add
4PDXPimco Dynamic Income Strat+1.1%-4.01%Trim
5EMOClearbridge Energy Midstream+1%+5709.35%Add
6PTYPimco Corporate & Income Opp+0.8%+347.84%Add
7STKColumbia Slgmn Prem Tech Gr+0.8%+1035.14%Add
8GAMGeneral American Investors+0.7%+26239.52%Add
9RFMZRivernorth Flex Muni Ii-0.4%-28.12%Trim
10MSDMorgan Stanley Emrg Mkt Debt-0.4%-46.60%Trim
11XPCQXPimco California Muni INC Fd-0.4%-64.18%Trim
12BGXBlackstone Long-short Credit-0.5%-49.42%Trim
13JFRNuveen Floating Rate Income-0.5%-18.66%Trim
14TWNTaiwan Fund Inc/th/md-us INC-0.6%-49.80%Trim
15BTXBlackrock Tech & Priv Eqty-0.6%-48.31%Trim
16XCXHXMfs Investment Grade Muni-0.6%-90.34%Trim
17BSTZBlackrock Sci & Tech Trm Tr-1%-61.58%Trim
18TBLDThornburg Income Builder Opp-1.1%-70.01%Trim
19BRWSaba Capital Income & Opport-1.1%-22.76%Trim
20SDHYPgim Shrt Durat Hi Yld-1.2%-65.58%Trim
21OXLCOxford Lane Capital CORP-1.2%-44.29%Trim
22PDOPimco Dynamic Income Opport-1.3%-80.68%Trim
23PAXSPimco Access Income Fund-1.7%-41.17%Trim
24STEWSrh Total Return Fund INC-1.8%-71.79%Trim
25RABrookfield Real Assets Incom-1.9%-55.89%Trim
26SABASaba Capital Income & Opp Ii-2.3%-51.29%Trim
27BPREBluerock Private Real Estate-2.3%-57.59%Trim
28✓ Herzfeld Credit Income Fund—EXITSold out
29HERZHerzfeld Credit Income Fund—NEWNew buy
30SJBProshares Short High Yield—NEWNew buy
31SDSProshares Ultrashort S&p500—NEWNew buy
32NBXGNeuberger Next Generation Co—EXITSold out
33PFIXSimplify Interest Rate Hedge—NEWNew buy
34NMLNeuberger Energy Infrastruct—NEWNew buy
35KYNKayne Anderson Energy Infra—NEWNew buy
36BGRBlackrock Enrgy & Res Tr—NEWNew buy
37✓ Xai Octagn Flt Rat & Alt Inm—EXITSold out
38DUSTDir Dly Gol Mn Idx Br 2x ETF—NEWNew buy
39XDIAXNuveen Dow 30 Dynamic Overwr—EXITSold out
40XJQCXNuveen Credit Strategies INC—EXITSold out
41NCVVirtus Convertible & Income—EXITSold out
42QIDProshares Ultrashort Qqq—NEWNew buy
43BCXBlackrock Resources & Commod—NEWNew buy
44XSSPXNuveen S&p 500 Dynam Overwr—NEWNew buy
45BSMQInvesco Bulletshares 2026 Mb—NEWNew buy
46BSMRInvesco Bulletshares 2027 Mb—NEWNew buy
47DXYZDestiny Tech100 INC—NEWNew buy
48FUMBFirst Trust Ultra Short Dur—NEWNew buy
49XCMUXMfs High Yield Municipal Tr—EXITSold out
50PVIInvesco Floating Rate Munici—NEWNew buy

FAQ

What is Thomas J. Herzfeld Advisors, Inc. and what type of investor is it?
Thomas J. Herzfeld Advisors, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $294.0M, spread across 115 disclosed positions.
What are Thomas J. Herzfeld Advisors, Inc.'s largest equity positions?
Based on the latest 13F filing, Thomas J. Herzfeld Advisors, Inc.'s top holdings by market value are: 1. Fs Specialty Lending Fund (FSSL) — $35.1M (11.9%) 2. Pimco Dynamic Income Strat (PDX) — $27.6M (9.4%) 3. Fs Credit Opportunities CORP (FSCO) — $18.8M (6.4%) 4. Highland Opport & Income (HFRO) — $15.5M (5.3%) 5. Herzfeld Credit Income Fund (HERZ) — $12.5M (4.3%)
What changes did Thomas J. Herzfeld Advisors, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Thomas J. Herzfeld Advisors, Inc. made 50 notable position adjustments: 16 new positions were initiated, 7 existing holdings were added to, 20 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Herzfeld Credit Income Fund; New buy: Herzfeld Credit Income Fund (HERZ); New buy: Proshares Short High Yield (SJB); New buy: Proshares Ultrashort S&p500 (SDS); Sold out: Neuberger Next Generation Co (NBXG)
What sectors does Thomas J. Herzfeld Advisors, Inc. focus on?
Thomas J. Herzfeld Advisors, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 98.3% • Communication Services: 1.7%