1y return−7.2%S&P 500 +20.9%
3y return+0.7%S&P 500 +68.5%
5y return−12.2%S&P 500 +74.5%
10y return+8.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $108 against $357 in the S&P 500.2
Thomas J. Herzfeld Advisors, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| FSSLFS Specialty Lending Fund | $32.3M | 9.9% | +3.3% |
| PDXPIMCO Dynamic Income Strategy Fund | $22.8M | 7.0% | −12.6% |
| FSCOFS Credit Opportunities Corp | $19.6M | 6.0% | +6.6% |
| HFROHighland Floating Rate Opportunities Fund | $19.1M | 5.9% | −1.4% |
| GOFGuggenheim Strategic Opp Fund | $14.6M | 4.5% | +31.6% |
| HERZHerzfeld Credit Income Fund, Inc. | $14.1M | 4.3% | +1.3% |
| PSUSPershing Square USA Ltd | $10.7M | 3.3% | New |
| BRWSaba Capital Income & Opport | $10.1M | 3.1% | +9.0% |
| NSLRSuro Capital Corp | $9.9M | 3.0% | +2324.5% |
| EICEagle Pointe Income Company | $9.0M | 2.8% | +127.7% |
| JFRNuveen Floating Rate Income | $8.5M | 2.6% | +55.9% |
| SABASaba Capital Income & Opport II | $7.4M | 2.3% | +15.1% |
| STKColumbia Seligman Premium Technology Growth Fund | $7.0M | 2.1% | +95.0% |
| PDIPIMCO Dynamic Income Fd | $6.5M | 2.0% | +151.0% |
| DPGDuff & Phelps Utility and Infrastructure Fund Inc. | $5.4M | 1.6% | −7.9% |
| BSTZBlackRock Science and Technology Trust II | $5.0M | 1.5% | +100.8% |
| RABrookfield Real Assets Incom | $4.8M | 1.5% | +8.4% |
| BTXBlackRock Tech and Private Eq | $4.7M | 1.4% | +83.6% |
| TWNThe Taiwan Fund Inc | $4.6M | 1.4% | +14.5% |
| PAXSPIMCO Access Income Fund | $4.5M | 1.4% | −29.1% |
| TYGTortoise Energy Infra Corp | $4.3M | 1.3% | New |
| BPREBluerock Private Real Estate Fund | $3.9M | 1.2% | −16.3% |
| KYNKayne Anderson Energy Infrst | $3.8M | 1.2% | +17.9% |
| KFThe Korea Fund Inc | $3.7M | 1.2% | +13014.2% |
| EMOClearbridge Energy Midstrm O | $3.7M | 1.1% | +23.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TWNThe Taiwan Fund Inc | December 31, 2020 | +274.9% | $4.6M |
| KFThe Korea Fund Inc | June 30, 2020 | +190.9% | $3.7M |
| PDXPIMCO Dynamic Income Strategy Fund | December 31, 2020 | +157.7% | $22.8M |
| ASA Gold and Precious Metals LtdCUSIP G3156P103 | December 31, 2024 | +157.4% | $3.5M |
| STKColumbia Seligman Premium Technology Growth Fund | June 30, 2023 | +75.7% | $7.0M |
| BTXBlackRock Tech and Private Eq | December 31, 2025 | +37.0% | $4.7M |
| BSTZBlackRock Science and Technology Trust II | June 30, 2020 | +32.5% | $5.0M |
| DPGDuff & Phelps Utility and Infrastructure Fund Inc. | June 30, 2025 | +19.6% | $5.4M |
| NSLRSuro Capital Corp | March 31, 2026 | +17.1% | $9.9M |
| FSCOFS Credit Opportunities Corp | March 31, 2023 | +12.4% | $19.6M |
Sold off last quarter
- SJBProShares TR was $12.3M
- SDSProShares UltraShort S&P500 was $8.2M
- PFIXSimplify Exchange Traded Fun was $5.4M
- DUSTDirexion Shares ETF Tr was $3.0M
- QIDProShares TR was $2.6M
- XSSPXNuveen S&P 500 Dynamic Overw was $2.4M
- BSMQInvesco Exch Trd SLF IDX Fd was $2.3M
- BSMRInvesco Exch Trd SLF IDX Fd was $2.3M
- FUMBFirst Trust Ultra Short Duration Municipal was $2.2M
- OXLCOxford Lane Cap Corp was $2.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −0.5% | +14.8% |
| March 31, 2026 | −2.7% | −4.6% |
| December 31, 2025 | −5.3% | +2.4% |
| September 30, 2025 | +1.2% | +7.8% |
| June 30, 2025 | +3.8% | +10.5% |
| March 31, 2025 | −3.2% | −4.6% |
| December 31, 2024 | +2.3% | +2.1% |
| September 30, 2024 | +3.2% | +5.4% |
| June 30, 2024 | −0.4% | +4.0% |
| March 31, 2024 | +3.2% | +10.0% |
| December 31, 2023 | +3.3% | +11.2% |
| September 30, 2023 | −3.5% | −3.6% |
| June 30, 2023 | +3.2% | +8.3% |
| March 31, 2023 | +0.4% | +7.0% |
| December 31, 2022 | +1.9% | +7.1% |
| September 30, 2022 | −7.1% | −5.3% |
| June 30, 2022 | −10.0% | −16.5% |
| March 31, 2022 | −1.7% | −4.9% |
| December 31, 2021 | +2.1% | +10.7% |
| September 30, 2021 | −1.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Thomas J. Herzfeld Advisors, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1509510&type=13F-HR&dateb=&owner=include&count=40CIK 1509510
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1509510/000139834426013942/Filed August 10, 2026 · accession 0001398344-26-013942