Thomas J. Herzfeld Advisors, Inc.
Thomas J. Herzfeld Advisors, Inc., headquartered in Miami Beach, Florida, is an independent investment advisory firm founded in 1984. The firm has earned a reputation for its specialized expertise in closed-end funds, publishing foundational research in the field and frequently cited for its thought leadership. It offers a suite of alternative investment strategies to individuals, institutions, and investment professionals. With approximately 9 employees as of 2024, the firm delivers customized account management, tailored for diversification and exposure to unique asset opportunities, emphasizing lower correlation to broader markets.
Investment Strategy
Thomas J. Herzfeld Advisors, Inc. is recognized as a pioneer in the closed-end fund universe, focusing on identifying and capitalizing on inefficiencies in closed-end fund trading and arbitrage. The firm's approach is rooted in a proven, time-tested methodology, leveraging decades of original research and industry leadership. Investment strategies are primarily designed to deliver high-quality, risk-adjusted returns with diversification across asset classes and industries, aiming for lower correlation with broader markets. The firm provides both innovative strategies and traditional asset management, with high customization for client portfolios, and emphasizes capital protection along with quality returns.
Top Holdings
Equity Positions (105)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PDX | PIMCO Dynamic Income Strategy Fund | 13.94% | $39.1M | 1,585,816 | $17.05 | $24.65 | -$1.2M |
F FSCO | FS Credit Opportunities Corp | 8.35% | $23.4M | 3,223,806 | $5.13 | $7.26 | +$1.2M |
C CUBA | The Herzfeld Caribbean Basin Fund Inc | 5.86% | $16.4M | 6,501,517 | $2.97 | $2.53 | +$301.8K |
B BRW | Saba Capital Income & Opport | 5.74% | $16.1M | 1,750,772 | $7.50 | $8.06 | +$1.3M |
H HFRO | Highland Floating Rate Opportunities Fund | 4.82% | $13.5M | 2,600,109 | $10.20 | $5.20 | -$401.4K |