Thomas J. Herzfeld Advisors, Inc.
Long book
$294.0M
Q1 2026
Positions
115
Top-10 weight
54%
concentration
Last quarter
+1.8%
SPY +14.8%
Turnover
34%
of book per quarter
Strategy in plain words
auto-generated from filingsThomas J. Herzfeld Advisors, Inc. is a diversified fundamental manager, specialised in financials (81% of the long book), running a $294.0M US long book across 115 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: FS SPECIALTY LENDING FUND, PIMCO DYNAMIC INCOME STRAT, FS CREDIT OPPORTUNITIES CORP, HIGHLAND OPPORT & INCOME, HERZFELD CREDIT INCOME FUND.
Over the last 9 quarters its long book ran on average 2.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.5%
Q2 2024
+5.0%
Q3 2024
+4.4%
Q4 2024
-1.8%
Q1 2025
+6.4%
Q2 2025
+4.1%
Q3 2025
-1.0%
Q4 2025
-0.3%
Q1 2026
+1.8%
Sector allocation
Other 60%
Services media 20%
Materials 10%
Technology 10%
Long book by quarter
What does Thomas J. own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 115 | $294.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 107 | $295.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 104 | $291.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 108 | $280.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 128 | $294.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 147 | $312.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 155 | $300.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 238 | $285.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 151 | $282.8M | canonical | SEC ↗ |