Thomas J. Herzfeld Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Aberdeen Emerging Markets Equity Inc.	COM	00301W105	6,982	1,239	SH		SOLE		1,239	0	0
Aberdeen Global Dynamic Dividend Fund	COM	00302M106	15,505	1,460	SH		SOLE		1,460	0	0
Aberdeen Global Premier Properties Fund	COM SH BEN INT	00302L108	11,060	2,394	SH		SOLE		2,394	0	0
Aberdeen Japan Equity Fund Inc	COM	00306J109	9,032	1,445	SH		SOLE		1,445	0	0
Aberdeen Std Global Infrastructure	SHS BEN INT	00326W106	8,973	444	SH		SOLE		444	0	0
Aberdeen Total Dynamic Dividend Fund	COM SH BEN INT	00326L100	9,628	1,058	SH		SOLE		1,058	0	0
Adams Diversified Equity Fund Inc	COM	006212104	1,679,158	77,883	SH		SOLE		77,883	0	0
Adams Natural Resources Fund Inc	COM	00548F105	135,164	5,821	SH		SOLE		5,821	0	0
America Movil SAB de CV	SPON ADR L SHS	02390A101	175,019	10,698	SH		SOLE		10,698	0	0
BlackRock Cap Allocation Tr	COM	09260U109	3,517,997	213,860	SH		SOLE		213,860	0	0
BlackRock Enhanced Equity Dividend Trust	COM	09251A104	5,238	606	SH		SOLE		606	0	0
BlackRock Enhanced International Dividend Trust	COM BENE INTER	092524107	20,219	3,486	SH		SOLE		3,486	0	0
BlackRock ESG Cap Allc Tr	SHS BEN INT	09262F100	8,214	463	SH		SOLE		463	0	0
BlackRock Health Sciences Trust II	COM SHS	09260E105	111,308	7,027	SH		SOLE		7,027	0	0
BlackRock Innovation and Grw	SHS BEN INT	09260Q108	5,134	680	SH		SOLE		680	0	0
BlackRock Muni Intermediate Duration Fund Inc	COM	09253X102	560,024	44,517	SH		SOLE		44,517	0	0
BlackRock Munihldngs Cali QL	COM	09254L107	2,578,487	223,827	SH		SOLE		223,827	0	0
BlackRock MuniIvest FD II Inc.	COM	09253T101	566,801	49,763	SH		SOLE		49,763	0	0
BlackRock Science and Technology Trust II	SHS BEN INT	09260K101	4,370,669	227,639	SH		SOLE		227,639	0	0
Blackstone Strategic Cred 20	COM SHS BEN IN	09257R101	1,875,486	152,231	SH		SOLE		152,231	0	0
BNY Mellon Mun Income Inc	COM	05589T104	684,954	93,701	SH		SOLE		93,701	0	0
BNY Mellon Strategic Mun Bd	COM	09662E109	621,193	99,710	SH		SOLE		99,710	0	0
BNY Mellon Strategic Muns In	COM	05588W108	232,986	35,789	SH		SOLE		35,789	0	0
Brookfield Real Assets Incom	SHS BEN INT	112830104	4,239,753	309,471	SH		SOLE		309,471	0	0
Carnival Corp	UNIT 99/99/9999	143658300	1,528,296	82,700	SH		SOLE		82,700	0	0
Cemex SAB de CV	SPON ADR NEW	151290889	949,044	155,581	SH		SOLE		155,581	0	0
Central Securities Corp	COM	155123102	3,752,027	81,851	SH		SOLE		81,851	0	0
China Fd Inc	COM	169373107	9,402	738	SH		SOLE		738	0	0
Clearbridge Energy Midstrm O	COM	18469P209	3,419,508	81,031	SH		SOLE		81,031	0	0
Cohen & Steers Limited Duration Preferred and Income Fund, Inc.	COM	19248C105	3,631,380	166,960	SH		SOLE		166,960	0	0
Columbia Seligman Premium Technology Growth Fund	COM	19842X109	114,703	3,425	SH		SOLE		3,425	0	0
Consolidated Water Co Ltd	ORD	G23773107	153,579	6,092	SH		SOLE		6,092	0	0
Copa Holdings SA	CL A	P31076105	1,431,060	15,250	SH		SOLE		15,250	0	0
Cornerstone Strategic Value Fund Inc	COM	21924B302	5,808,316	756,291	SH		SOLE		756,291	0	0
Destra Multi-Alternative Fd	COM	25065A502	5,801,990	669,203	SH		SOLE		669,203	0	0
Eagle Pt Cr Co LLC	COM	269808101	1,226,577	124,399	SH		SOLE		124,399	0	0
Eaton Vance New York Mun Bd	COM	27827Y109	616,604	61,908	SH		SOLE		61,908	0	0
Eaton Vance Tax-Managed Glob	COM	27829F108	2,683,057	307,690	SH		SOLE		307,690	0	0
Ecofin Sustainable and Social Impact Term Fund	SH BEN INT	27901F109	1,474,154	112,962	SH		SOLE		112,962	0	0
Empire State Realty Trust Inc	CL A	292104106	818,746	73,894	SH		SOLE		73,894	0	0
EVERTEC Inc	COM	30040P103	574,639	16,956	SH		SOLE		16,956	0	0
Exchange Listed FDS Tr	SABA INT RATE	30151E806	402,859	18,106	SH		SOLE		18,106	0	0
Federated Hermes Prem Muni I	COM	31423P108	283,337	22,813	SH		SOLE		22,813	0	0
First BanCorp/Puerto Rico	COM NEW	318672706	1,877,567	88,690	SH		SOLE		88,690	0	0
Flaherty & Crumrine Pfd Inco	COM	33848E106	212,120	22,542	SH		SOLE		22,542	0	0
Flaherty & Crumrine Pfd Secs	COM	338478100	3,759,974	229,127	SH		SOLE		229,127	0	0
Fomento Economico Mexicano SAB de CV	SPON ADR UNITS	344419106	1,371,970	13,899	SH		SOLE		13,899	0	0
Franklin Limited Duration Income Trust	COM	35472T101	2,749,067	412,154	SH		SOLE		412,154	0	0
FS Credit Opportunities Corp	COM	30290Y101	27,256,473	4,292,358	SH		SOLE		4,292,358	0	0
Gabelli Equity Trust Inc	COM	362397101	5,176	943	SH		SOLE		943	0	0
General American Investors Co Inc	COM	368802104	5,501	103	SH		SOLE		103	0	0
Grupo Aeroportuario del Sureste SAB de CV	SPON ADR SER B	40051E202	784,659	2,775	SH		SOLE		2,775	0	0
High Income Secs Fd Shs	Shs Ben Int	42968F108	10,752,804	1,574,349	SH		SOLE		1,574,349	0	0
Highland Floating Rate Opportunities Fund	SHS BEN INT	43010E404	18,509,259	3,019,455	SH		SOLE		3,019,455	0	0
Inflection Pt Acquisitn Crp	CL A ORD SHS	G4790U102	1,935	180	SH		SOLE		180	0	0
Invesco California Value Municipal Income Trust	COM	46132H106	346,563	31,824	SH		SOLE		31,824	0	0
Invesco QQQ Tr	UNIT SER 1	46090E103	131,779	270	SH		SOLE		270	0	0
Invesco Tr Invt Grade Muns	COM	46131M106	346,980	32,858	SH		SOLE		32,858	0	0
Invesco Tr Invt Grade New Yo	COM	46131T101	478,875	41,533	SH		SOLE		41,533	0	0
Investco CurrencyShares Japan	Japanese Yen	46138W107	269,931	4,198	SH		SOLE		4,198	0	0
iShares Tr	TRS FLT RT BD	46434V860	226,131	4,469	SH		SOLE		4,469	0	0
Janus Detroit Str Tr	HENDRSON AAA CL	47103U845	955,170	18,773	SH		SOLE		18,773	0	0
Japan Smaller Capitalization Fund Inc	COM	47109U104	12,876	1,557	SH		SOLE		1,557	0	0
Kayne Anderson Energy Infrst	COM	486606106	2,701,127	245,557	SH		SOLE		245,557	0	0
Lennar Corp	CL A	526057104	1,771,686	9,450	SH		SOLE		9,450	0	0
Liberty All Star Equity Fund	SH BEN INT	530158104	5,300	746	SH		SOLE		746	0	0
Liberty All Star Growth Fund Inc	COM	529900102	5,561	991	SH		SOLE		991	0	0
Martin Marietta Materials Inc	COM	573284106	2,066,880	3,840	SH		SOLE		3,840	0	0
MasTec Inc	COM	576323109	4,292,743	34,872	SH		SOLE		34,872	0	0
Matterport Inc	CL A	577096100	3,290	731	SH		SOLE		731	0	0
Meta Platforms Inc	CL A	30303M102	57,244	100	SH		SOLE		100	0	0
Mexico Equity & Income Fd	COM	592834105	10,546	1,150	SH		SOLE		1,150	0	0
MFS High Income Mun Tr	SH BEN INT	59318D104	236,639	59,086	SH		SOLE		59,086	0	0
MFS High Yield Municipal Trust	SH BEN INT	59318E102	591,241	161,321	SH		SOLE		161,321	0	0
MFS Investment Grade Municipal Trust	SH BEN INT	59318B108	584,631	71,123	SH		SOLE		71,123	0	0
MFS Municipal Income Trust	SH BEN INT	552738106	3,132,283	547,602	SH		SOLE		547,602	0	0
Montana Technologies Corp	*W Exp 03/15/202	612160119	6,429	15,307	SH		SOLE		15,307	0	0
Morgan Stanley Emerging Mkts	COM	617477104	6,552	1,300	SH		SOLE		1,300	0	0
Morgan Stanley India Investment Fund Inc	COM	61745C105	16,995	565	SH		SOLE		565	0	0
Net Power Inc.	W EXP 06/08/202	64107A113	38,014	32,771	SH		SOLE		32,771	0	0
Netflix, Inc.	COM	64110L106	70,927	100	SH		SOLE		100	0	0
Neuberger Brman Next Genera	COMMON STOCK	64133Q108	4,624,086	360,412	SH		SOLE		360,412	0	0
New Fortress Energy Inc	CL A	644393100	1,214,442	133,602	SH		SOLE		133,602	0	0
Nexpoint Diversified Rel Et	COM	65340G205	1,538	246	SH		SOLE		246	0	0
NextEra Energy Inc	COM	65339F101	2,256,697	26,697	SH		SOLE		26,697	0	0
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	4,988,176	243,207	SH		SOLE		243,207	0	0
Nuveen CA Qualty Mun Income	COM	67066Y105	389,588	32,766	SH		SOLE		32,766	0	0
Nuveen Core Equity Alpha Fund	COM	67090X107	5,348	348	SH		SOLE		348	0	0
Nuveen Dow 30 Dynamic Overwrite Fund	SHS	67075F105	3,981,077	268,086	SH		SOLE		268,086	0	0
Nuveen Floating Rate Income	COM	67072T108	5,715,581	648,025	SH		SOLE		648,025	0	0
Nuveen Mortgage and Income Fund	COM	670735109	1,490,231	80,859	SH		SOLE		80,859	0	0
Nuveen Municipal Credit Inc.	COM SH BEN INT	67070X101	817,113	62,375	SH		SOLE		62,375	0	0
Nuveen Municipal Credit Opp Fund	COM	670663103	808,789	69,305	SH		SOLE		69,305	0	0
Nuveen NASDAQ 100 Dynamic Overwrite Fund	COM SHS	670699107	2,856,158	113,701	SH		SOLE		113,701	0	0
Nuveen Pfd & Income Opportun	COM	67073B106	4,550,044	563,822	SH		SOLE		563,822	0	0
Nuveen Quality Municipal Income Fund	COM	67066V101	2,203,677	178,003	SH		SOLE		178,003	0	0
Nuveen Vriabl Rat Pfd & Inm	COM	67080R102	12,026,313	634,969	SH		SOLE		634,969	0	0
NWTN Inc	W EXP 12/31/202	G6693P114	1,256	26,327	SH		SOLE		26,327	0	0
OFG Bancorp	COM	67103X102	2,401,154	53,454	SH		SOLE		53,454	0	0
OneSpaWorld Holdings Limited	COM	P73684113	1,561,351	94,570	SH		SOLE		94,570	0	0
Oppfi Inc Com	CL A	68386H103	18,438	3,898	SH		SOLE		3,898	0	0
PGIM Global Short Duration High Yield Fund, Inc.	COM	69346J106	12,294	962	SH		SOLE		962	0	0
PIMCO Access Income Fund	SHS BENFIN INT	72203T100	5,080,959	305,530	SH		SOLE		305,530	0	0
PIMCO Calif Mun Income Fd II	COM	72200M108	585,723	93,268	SH		SOLE		93,268	0	0
PIMCO Dynamic Income Strategy Fund	COM SH BEN INT	69346N107	36,166,702	1,533,137	SH		SOLE		1,533,137	0	0
PIMCO Income Strategy FdII	COM	72201J104	3,041,693	399,172	SH		SOLE		399,172	0	0
Pioneer Diversified High Income Trust	COM	723653101	1,249,680	101,600	SH		SOLE		101,600	0	0
Pioneer High Income Fund Inc.	COM	72369H106	1,376,992	172,124	SH		SOLE		172,124	0	0
Pioneer Mun High Income Oppo	COMMON STOCK	723760104	462,718	37,316	SH		SOLE		37,316	0	0
Pioneer Municipal High Income Advantage Trust	COM	723762100	266,579	30,156	SH		SOLE		30,156	0	0
Pioneer Municipal High Income Trust	COM SHS	723763108	267,763	27,892	SH		SOLE		27,892	0	0
Playa Hotels & Resorts Nv	SHS	N70544106	1,565,950	202,058	SH		SOLE		202,058	0	0
Popular Inc	COM NEW	733174700	1,864,821	18,598	SH		SOLE		18,598	0	0
ProShares Short VIX Short-Term Futures ETF	SHT VIX ST TRM	74347W130	11,024	220	SH		SOLE		220	0	0
ProShares UltraShort S&P50	ULTRASHRT S&P500	74347G416	74,804	3,626	SH		SOLE		3,626	0	0
Purecycle Technologies Inc	W Exp 01/28/202	74623V111	16,371	5,457	SH		SOLE		5,457	0	0
Putnam Managed Mun Income Tr	COM	746823103	233,045	35,798	SH		SOLE		35,798	0	0
Rivernorth Flexible Mun Income Fund II, Inc.	COM	76883Y107	3,678,201	253,669	SH		SOLE		253,669	0	0
Royal Caribbean Group	COM	V7780T103	4,318,361	24,348	SH		SOLE		24,348	0	0
Royce Value Trust Inc	COM	780910105	5,502	350	SH		SOLE		350	0	0
Saba Capital Income & Opport	COM	880198205	4,851,440	570,087	SH		SOLE		570,087	0	0
Seaboard Corp	COM	811543107	429,769	137	SH		SOLE		137	0	0
Sound Point Meridian Cap Inc.	COM	83617A108	8,336,989	421,699	SH		SOLE		421,699	0	0
SPDR Gold Tr	GOLD SHS	78463V107	339,798	1,398	SH		SOLE		1,398	0	0
SPDR S&P 500 ETF Tr	TR UNIT	78462F103	223,766	390	SH		SOLE		390	0	0
SPDR S&P MidCap 400 ETF Tr	UTSER1 S&PDCRP	78467Y107	85,449	150	SH		SOLE		150	0	0
SPDR Ser Tr	SPDR BLOOMBERG	78468R663	125,688	1,369	SH		SOLE		1,369	0	0
Sprott Physical Gold and Silver Trust	TR UNIT	85208R101	195,920	8,000	SH		SOLE		8,000	0	0
SRH Total Return Fund Inc	COM	101507101	194,933	12,338	SH		SOLE		12,338	0	0
Suro Capital Corp	COM	86887Q109	4,397,580	1,088,510	SH		SOLE		1,088,510	0	0
TCW Strategic Income Fund Inc	COM	872340104	10,260	2,000	SH		SOLE		2,000	0	0
Templeton Dragon Fd Inc.	COM	88018T101	8,940	976	SH		SOLE		976	0	0
The European Equity Fund Inc	COM	298768102	6,941	740	SH		SOLE		740	0	0
The Gabelli Dividend & Income Trust	COM	36242H104	5,431	222	SH		SOLE		222	0	0
The Herzfeld Caribbean Basin Fund Inc	COM	42804T106	5,722,579	2,532,115	SH		SOLE		2,532,115	0	0
The Korea Fund Inc	COM NEW	500634209	7,166	315	SH		SOLE		315	0	0
The Mexico Fund, Inc.	COM	592835102	10,472	694	SH		SOLE		694	0	0
The New Germany Fund Inc	COM	644465106	12,980	1,453	SH		SOLE		1,453	0	0
The Taiwan Fund Inc	COM	874036106	2,852,199	64,926	SH		SOLE		64,926	0	0
Thornburg Incm Builder Opp Tr	COM	885213108	3,375,429	189,418	SH		SOLE		189,418	0	0
TMC The Metals Company Inc	COM	87261Y106	9,497	8,959	SH		SOLE		8,959	0	0
Tortoise Energy Independence	COM	89148K200	2,401,723	63,784	SH		SOLE		63,784	0	0
Tortoise Energy Infra Corp	COM	89147L886	3,887,870	99,054	SH		SOLE		99,054	0	0
Tortoise Pipeline & Energy Fund, Inc.	COM	89148H207	116,852	2,769	SH		SOLE		2,769	0	0
Tortoise Pwr & Energy Infras	COM	89147X104	3,038,351	167,772	SH		SOLE		167,772	0	0
Tri-Continental Corp	COM	895436103	5,312	161	SH		SOLE		161	0	0
United States Oil Fund LP	UNITS	91232N207	78,660	1,125	SH		SOLE		1,125	0	0
Vesta Real Estate Corp	ADS	92540K109	1,304,219	48,412	SH		SOLE		48,412	0	0
Virtus Stone HBR Emrg Mkts I	COM	86164T107	8,216	1,568	SH		SOLE		1,568	0	0
Virtus Total Return Fund Inc.	COM	92835W107	5,593	902	SH		SOLE		902	0	0
Vulcan Materials Co	COM	929160109	1,306,994	5,219	SH		SOLE		5,219	0	0
Wells Fargo Advantage Multi-Sector Income Fund	COM	94987D101	1,239,901	129,426	SH		SOLE		129,426	0	0
Western Asset Mortgage Opp Fund Inc.	COM	95790B109	1,477,924	123,469	SH		SOLE		123,469	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund	COM	95766R104	54,497	6,165	SH		SOLE		6,165	0	0
Western Asset/Claymore Inflation-Linked Securities & Income Fund	COM SH BEN INT	95766Q106	178,695	20,900	SH		SOLE		20,900	0	0