Thomas J. Herzfeld Advisors, Inc.

Long Only Manager

Thomas J. Herzfeld Advisors, Inc. is a Long Only Manager based in Miami Beach, FL led by Thomas Jay Herzfeld, reporting $847.6M in AUM as of Q3 2025 with 83% Unknown concentration and minimal technology exposure.

ChairmanThomas Jay Herzfeld

Portfolio Value: $291.7M
Positions: 104
Top Holding: PDX at 13.42%
Last Reported: Q3 2025

Address119 Washington Avenue, Suite 504, Miami Beach, FL, 33139, United States

Top Holdings

Largest long holdings in Thomas J. Herzfeld Advisors, Inc.'s portfolio (49.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 PIMCO Dynamic Income Strategy Fund PDX	Unknown Unknown	$39.1M	13.42%	-$397.0K Sold	— 1.6M shares	Q4 2022 Held for 2y 11m
2 HFRO Highland Opportunities and Income Fund HFRO	Unknown Unknown	$17.8M	6.09%	+$1.2M Bought	— 2.8M shares	Q4 2022 Held for 2y 11m
3 SABA Saba Capital Income & Opportunities Fund II SABA	Unknown Unknown	$16.3M	5.59%	+$334.5K Bought	— 1.8M shares	Q1 2024 Held for 1y 8m
4 Herzfeld Credit Income Fund, Inc. Common Stock HERZ	Unknown Unknown	$14.5M	4.98%	-$953.8K Sold	36.08% 6.1M shares	Q2 2025 Held for 5 months
5 PAAA PGIM AAA CLO PAAA	ETF ETF	$10.6M	3.63%	+$10.6M New	— 205.6K shares	Q3 2025 Held for 2 months
6 JFR Nuveen Floating Rate Income Fund JFR	Unknown Unknown	$10.5M	3.61%	-$353.3K Sold	— 1.3M shares	Q3 2023 Held for 2y 2m
7 Brookfield Real Assets Income Fund RA	Unknown Unknown	$9.7M	3.32%	+$55.7K Bought	— 724.7K shares	Q1 2024 Held for 1y 8m
8 Simplify Interest Rate Hedge PFIX	ETF ETF	$9.2M	3.16%	+$9.2M Bought	— 191.6K shares	Q4 2024 Held for 11 months
9 BRW Saba Capital Income & Opportunities Fund BRW	Unknown Unknown	$9.1M	3.13%	+$5.7M Bought	— 1.2M shares	Q2 2025 Held for 5 months
10 ASA Gold and Precious Metals ASA	Unknown Unknown	$8.3M	2.84%	+$7.7M Bought	— 180.6K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Thomas J. Herzfeld Advisors, Inc.'s latest filing

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Market Value

$291.7M

Prior: $280.4M

Q/Q Change

+4.03%

+$11.3M

Net Flows % of MV

-4.62%

Turnover Ratio

19.96%

New Purchases

4 stocks

$14.2M

Added To

49 stocks

+$32.6M

Sold Out Of

17 stocks

$22.3M

Reduced Holdings

27 stocks

-$38.0M

Increased Positions

Position	Shares Δ	Change
1 PAAA PGIM AAA CLO PAAA	New	0 → 205.6K +$10.6M
2 PCQ Pimco California Municipal Income Fund PCQ	New	0 → 218.7K +$1.9M
3 GAMCO Natural Resources, Gold & Income Trust GNT	New	0 → 235.3K +$1.7M
4 ANGX Angel Studios, Inc. ANGX	New	0 → 5.7K +$33.1K
5 GDV Gabelli Dividend & Income Trust GDV	+40,732.62%	233.0 → 95.1K +$2.6M

Decreased Positions

Position	Shares Δ	Change
1 ProShares Short High Yield SJB	Sold	573.0K → 0 −$8.9M
2 ClearBridge Energy Midstream Opportunity Fund EMO	Sold	73.8K → 0 −$3.5M
3 SSSS SuRo Capital Corp. SSSS	Sold	264.3K → 0 −$2.2M
4 PCK PIMCO California Municipal Income Fund II PCK	Sold	323.0K → 0 −$1.7M
5 abrdn Income Credit Strategies ACP	Sold	196.3K → 0 −$1.2M