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Institutional Investment Manager
Thomas J. Herzfeld Advisors, Inc.
Thomas J. Herzfeld Advisors, Inc. (CIK: 0001509510) incorporated in Florida, located at 119 Washington Avenue, Suite 504, Miami Beach, FL. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 306 holdings with a total value of $216,206,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 WENDYS CO 42 1,000 0.00%
2 TEKLA LIFE SCIENCES INVS 66 1,000 0.00%
3 MANNKIND CORP. 1,000 1,000 0.00%
4 EATON VANCE ENHANCED EQ INC 250 3,000 0.00%
5 TORTOISE ENERGY INDEPENDENC 180 3,000 0.00%
6 WELLS FARGO MULTI SECTOR INC 234 3,000 0.00%
7 PIONEER DIVERSIFIED HIGH INC 200 3,000 0.00%
8 BLACKROCK LIMITED DURATION INCORPORATED TR COM SHS 250 4,000 0.00%
9 COHEN & STEERS GLOBAL INCORPORATED BLDR 635 5,000 0.00%
10 DEUTSCHE STRATEGIC INCOME TR SHS 400 5,000 0.00%
11 RAND CAP CORP 2,000 6,000 0.00%
12 GABELLI GLB SML & MD CP VAL TR 700 7,000 0.00%
13 MORGAN STANLEY EMERGING MKTS FD INC 716 9,000 0.00%
14 EATON VANCE TAX-MANAGED GLOBAL COM 1,300 10,000 0.00%
15 BLACKROCK ENHANCED EQT DIV T 1,323 11,000 0.01%
16 UNITED STATES OIL FUND LP 1,000 12,000 0.01%
17 CORNERSTONE STRATEGIC VALUE 855 13,000 0.01%
18 VALEANT PHARMACEUTICALS INTL 1,000 15,000 0.01%
19 TEVA PHARMACEUTICAL INDS LTD 430 16,000 0.01%
20 LAUDER ESTEE COS INC 216 17,000 0.01%
21 SK TELECOM LTD 881 18,000 0.01%
22 TRIPADVISOR INC 385 18,000 0.01%
23 PUTNAM HIGH INC SECURITIES FD N/C 7/24/18 42968F108 2,356 19,000 0.01%
24 ALEXION PHARMACEUTIC 152 19,000 0.01%
25 VODAFONE GROUP PLC NEW 781 19,000 0.01%
26 TURKISH INVT FD INC 2,944 20,000 0.01%
27 ASML HOLDING N V N Y REGISTRY SHS 180 20,000 0.01%
28 SAP SE 243 21,000 0.01%
29 ASTRAZENECA PLC 778 21,000 0.01%
30 CISCO SYS INC 697 21,000 0.01%
31 VIPSHOP HLDGS LTD 1,926 21,000 0.01%
32 TELECOM ITALIA S P A NEW 2,428 22,000 0.01%
33 GW PHARMACEUTICALS PLC 201 22,000 0.01%
34 GILDAN ACTIVEWEAR INC 851 22,000 0.01%
35 NETEASE INC 101 22,000 0.01%
36 MVC CAPITAL INC 2,618 22,000 0.01%
37 GABELLI EQUITY TR INC 4,097 23,000 0.01%
38 SONY GROUP CORP 807 23,000 0.01%
39 COCA COLA EUROPEAN PARTNERS 774 24,000 0.01%
40 INCYTE CORP 242 24,000 0.01%
41 LADENBURG THALMAN FIN SVCS I 10,000 24,000 0.01%
42 PRUDENTIAL PLC 605 24,000 0.01%
43 NUVEEN DIVERSIFIED DIVID I 2,114 24,000 0.01%
44 SWISS HELVETIA FD INC 2,316 24,000 0.01%
45 ALLEGION PUB LTD CO 386 25,000 0.01%
46 GABELLI GLOBL UTIL INCOME 1,463 25,000 0.01%
47 SANOFI 612 25,000 0.01%
48 EATON VANCE FLTG RATE INCOM 1,471 25,000 0.01%
49 NATIONAL GRID PLC 428 25,000 0.01%
50 Lloyds Banking Group Plc 7,926 25,000 0.01%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-17-002083, filed 2017.02.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.