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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	8,019	1,545	SH		SOLE		1,545	0	0
Aberdeen Global Dynamic Dividend Fund	COM	00302M106	14,190	1,448	SH		SOLE		1,448	0	0
Aberdeen Global Premier Properties Fund	COM SH BEN INT	00302L108	9,499	2,461	SH		SOLE		2,461	0	0
Aberdeen Japan Equity Fund Inc	COM	00306J109	8,407	1,462	SH		SOLE		1,462	0	0
Aberdeen Std Global Infrastructure	SHS BEN INT	00326W106	7,818	446	SH		SOLE		446	0	0
Aberdeen Total Dynamic Dividend Fund	COM SH BEN INT	00326L100	8,898	1,058	SH		SOLE		1,058	0	0
Adams Diversified Equity Fund Inc	COM	006212104	1,653,421	83,059	SH		SOLE		83,059	0	0
Adams Natural Resources Fund Inc	COM	00548F105	34,564	1,594	SH		SOLE		1,594	0	0
ASA Gold and Precious Metals Ltd	SHS	G3156P103	254,812	12,602	SH		SOLE		12,602	0	0
BlackRock Cap Allocation Tr	COM	09260U109	3,213,103	212,086	SH		SOLE		212,086	0	0
BlackRock Enhanced Equity Dividend Trust	COM	09251A104	5,267	636	SH		SOLE		636	0	0
BlackRock Enhanced International Dividend Trust	COM BENE INTER	092524107	17,157	3,231	SH		SOLE		3,231	0	0
BlackRock ESG Cap Allc Tr	SHS BEN INT	09262F100	7,544	460	SH		SOLE		460	0	0
BlackRock Health Sciences Trust II	COM SHS	09260E105	98,813	6,862	SH		SOLE		6,862	0	0
BlackRock Innovation and Grw	SHS BEN INT	09260Q108	1,786	240	SH		SOLE		240	0	0
BlackRock Muni Intermediate Duration Fund Inc	COM	09253X102	1,046,186	86,319	SH		SOLE		86,319	0	0
BlackRock Munihldngs Cali QL	COM	09254L107	2,292,817	215,693	SH		SOLE		215,693	0	0
BlackRock MuniIvest FD II Inc.	COM	09253T101	454,937	43,122	SH		SOLE		43,122	0	0
BlackRock Science and Technology Trust II	SHS BEN INT	09260K101	4,687,481	226,339	SH		SOLE		226,339	0	0
Blackstone Strategic Cred 20	COM SHS BEN IN	09257R101	2,019,442	165,122	SH		SOLE		165,122	0	0
BNY Mellon Mun Income Inc	COM	05589T104	651,297	91,732	SH		SOLE		91,732	0	0
BNY Mellon Strategic Mun Bd	COM	09662E109	623,256	107,273	SH		SOLE		107,273	0	0
BNY Mellon Strategic Muns In	COM	05588W108	296,836	49,145	SH		SOLE		49,145	0	0
Brookfield Real Assets Incom	SHS BEN INT	112830104	7,925,187	594,984	SH		SOLE		594,984	0	0
Carnival Corp	UNIT 99/99/9999	143658300	2,558,212	102,657	SH		SOLE		102,657	0	0
Cemex SAB de CV	SPON ADR NEW	151290889	877,477	155,581	SH		SOLE		155,581	0	0
Central Securities Corp	COM	155123102	3,757,399	82,237	SH		SOLE		82,237	0	0
China Fd Inc	COM	169373107	9,830	824	SH		SOLE		824	0	0
Clearbridge Energy Midstrm O	COM	18469P209	4,916,811	105,647	SH		SOLE		105,647	0	0
Cohen & Steers Limited Duration Preferred and Income Fund, Inc.	COM	19248C105	3,771,401	186,703	SH		SOLE		186,703	0	0
Columbia Seligman Premium Technology Growth Fund	COM	19842X109	127,704	3,997	SH		SOLE		3,997	0	0
Consolidated Water Co Ltd	ORD	G23773107	157,722	6,092	SH		SOLE		6,092	0	0
Copa Holdings SA	CL A	P31076105	1,340,170	15,250	SH		SOLE		15,250	0	0
Cornerstone Strategic Value Fund Inc	COM	21924B302	1,476,205	171,852	SH		SOLE		171,852	0	0
Delaware Invts Natl Mun Inco	SH BEN INT	24610T108	254,415	25,115	SH		SOLE		25,115	0	0
Destra Multi-Alternative Fd	COM	25065A502	5,833,847	689,580	SH		SOLE		689,580	0	0
Eagle Pt Cr Co LLC	COM	269808101	1,833,362	206,460	SH		SOLE		206,460	0	0
Eaton Vance New York Mun Bd	COM	27827Y109	556,971	58,444	SH		SOLE		58,444	0	0
Eaton Vance Tax-Managed Glob	COM	27829F108	2,671,010	326,929	SH		SOLE		326,929	0	0
Ecofin Sustainable and Social Impact Term Fund	SH BEN INT	27901F109	3,183,348	265,279	SH		SOLE		265,279	0	0
EVERTEC Inc	COM	30040P103	585,491	16,956	SH		SOLE		16,956	0	0
Exchange Listed FDS Tr	SABA INT RATE	30151E806	352,316	16,448	SH		SOLE		16,448	0	0
First BanCorp/Puerto Rico	COM NEW	318672706	1,648,747	88,690	SH		SOLE		88,690	0	0
First Tr Inter Dur Pfd & In	COM	33718W103	18,990	1,055	SH		SOLE		1,055	0	0
Flaherty & Crumrine Pfd Inco	COM	33848E106	359,670	39,919	SH		SOLE		39,919	0	0
Flaherty & Crumrine Pfd Secs	COM	338478100	5,718,534	368,225	SH		SOLE		368,225	0	0
Fomento Economico Mexicano SAB de CV	SPON ADR UNITS	344419106	586,376	6,859	SH		SOLE		6,859	0	0
Franklin Limited Duration Income Trust	COM	35472T101	1,792,056	270,295	SH		SOLE		270,295	0	0
FS Credit Opportunities Corp	COM	30290Y101	22,078,038	3,237,249	SH		SOLE		3,237,249	0	0
Gabelli Equity Trust Inc	COM	362397101	5,210	968	SH		SOLE		968	0	0
General American Investors Co Inc	COM	368802104	5,685	111	SH		SOLE		111	0	0
Grupo Aeroportuario del Sureste SAB de CV	SPON ADR SER B	40051E202	714,923	2,775	SH		SOLE		2,775	0	0
Highland Floating Rate Opportunities Fund	SHS BEN INT	43010E404	14,328,438	2,760,778	SH		SOLE		2,760,778	0	0
Invesco QQQ Tr	UNIT SER 1	46090E103	138,032	270	SH		SOLE		270	0	0
Invesco Tr Invt Grade Muns	COM	46131M106	391,860	38,798	SH		SOLE		38,798	0	0
Invesco Tr Invt Grade New Yo	COM	46131T101	252,662	24,132	SH		SOLE		24,132	0	0
Investco CurrencyShares Japan	Japanese Yen	46138W107	35,172	600	SH		SOLE		600	0	0
iShares Tr	TRS FLT RT BD	46434V860	109,419	2,168	SH		SOLE		2,168	0	0
Japan Smaller Capitalization Fund Inc	COM	47109U104	11,942	1,557	SH		SOLE		1,557	0	0
Kayne Anderson Energy Infrst	COM	486606106	4,082,960	321,240	SH		SOLE		321,240	0	0
Lennar Corp	CL A	526057104	1,288,697	9,450	SH		SOLE		9,450	0	0
Liberty All Star Equity Fund	SH BEN INT	530158104	5,188	746	SH		SOLE		746	0	0
Liberty All Star Growth Fund Inc	COM	529900102	5,600	991	SH		SOLE		991	0	0
Martin Marietta Materials Inc	COM	573284106	1,880,060	3,640	SH		SOLE		3,640	0	0
MasTec Inc	COM	576323109	4,747,474	34,872	SH		SOLE		34,872	0	0
Matterport Inc	CL A	577096100	3,465	731	SH		SOLE		731	0	0
Meta Platforms Inc	CL A	30303M102	58,551	100	SH		SOLE		100	0	0
Mexico Equity & Income Fd	COM	592834105	9,034	1,125	SH		SOLE		1,125	0	0
MFS High Income Mun Tr	SH BEN INT	59318D104	279,812	76,036	SH		SOLE		76,036	0	0
MFS High Yield Municipal Trust	SH BEN INT	59318E102	1,000,947	284,360	SH		SOLE		284,360	0	0
MFS Investment Grade Municipal Trust	SH BEN INT	59318B108	775,733	97,088	SH		SOLE		97,088	0	0
MFS Municipal Income Trust	SH BEN INT	552738106	2,814,244	526,027	SH		SOLE		526,027	0	0
Montana Technologies Corp	*W Exp 03/15/202	612160119	16,838	15,307	SH		SOLE		15,307	0	0
Morgan Stanley Emerging Mkts	COM	617477104	5,902	1,300	SH		SOLE		1,300	0	0
Morgan Stanley India Investment Fund Inc	COM	61745C105	14,556	576	SH		SOLE		576	0	0
Net Power Inc.	W EXP 06/08/202	64107A113	117,953	32,771	SH		SOLE		32,771	0	0
Netflix, Inc.	COM	64110L106	89,132	100	SH		SOLE		100	0	0
Neuberger Brman Next Genera	COMMON STOCK	64133Q108	4,574,373	359,056	SH		SOLE		359,056	0	0
New Fortress Energy Inc	CL A	644393100	2,020,062	133,602	SH		SOLE		133,602	0	0
Nexpoint Diversified Rel Et	COM	65340G205	1,519	249	SH		SOLE		249	0	0
NextEra Energy Inc	COM	65339F101	1,913,908	26,697	SH		SOLE		26,697	0	0
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	5,485,816	213,207	SH		SOLE		213,207	0	0
Nuveen Amt- Free Mun Value Fd	COM	670695105	451,616	33,256	SH		SOLE		33,256	0	0
Nuveen CA Qualty Mun Income	COM	67066Y105	431,910	38,256	SH		SOLE		38,256	0	0
Nuveen Core Equity Alpha Fund	COM	67090X107	5,762	362	SH		SOLE		362	0	0
Nuveen Dow 30 Dynamic Overwrite Fund	SHS	67075F105	4,205,264	279,234	SH		SOLE		279,234	0	0
Nuveen Floating Rate Income	COM	67072T108	5,963,832	668,591	SH		SOLE		668,591	0	0
Nuveen Mortgage and Income Fund	COM	670735109	1,571,958	87,331	SH		SOLE		87,331	0	0
Nuveen Municipal Credit Inc.	COM SH BEN INT	67070X101	524,466	43,095	SH		SOLE		43,095	0	0
Nuveen Municipal Credit Opp Fund	COM	670663103	719,655	67,828	SH		SOLE		67,828	0	0
Nuveen NASDAQ 100 Dynamic Overwrite Fund	COM SHS	670699107	3,169,418	117,169	SH		SOLE		117,169	0	0
Nuveen Quality Municipal Income Fund	COM	67066V101	1,342,264	115,117	SH		SOLE		115,117	0	0
Nuveen Real Estate Income Fund	COM	67071B108	2,519,295	291,923	SH		SOLE		291,923	0	0
Nuveen Vriabl Rat Pfd & Inm	COM	67080R102	11,669,625	640,133	SH		SOLE		640,133	0	0
NYLI MacKay Defined Term Muni	COM	56064K100	840,977	56,328	SH		SOLE		56,328	0	0
OFG Bancorp	COM	67103X102	1,838,973	43,454	SH		SOLE		43,454	0	0
OneSpaWorld Holdings Limited	COM	P73684113	1,990,000	100,000	SH		SOLE		100,000	0	0
Oppfi Inc Com	CL A	68386H103	29,859	3,898	SH		SOLE		3,898	0	0
PGIM Global Short Duration High Yield Fund, Inc.	COM	69346J106	11,852	962	SH		SOLE		962	0	0
PGIM Short Dur Hig yld Opp F	COM	69355J104	2,652,691	164,559	SH		SOLE		164,559	0	0
PIMCO Access Income Fund	SHS BENFIN INT	72203T100	5,463,843	358,285	SH		SOLE		358,285	0	0
PIMCO Calif Mun Income Fd II	COM	72200M108	748,710	130,893	SH		SOLE		130,893	0	0
PIMCO Dynamic Income Strategy Fund	COM SH BEN INT	69346N107	39,014,416	1,493,089	SH		SOLE		1,493,089	0	0
PIMCO Income Strategy FdII	COM	72201J104	3,314,841	444,945	SH		SOLE		444,945	0	0
Pioneer Diversified High Income Trust	COM	723653101	1,291,581	109,456	SH		SOLE		109,456	0	0
Pioneer High Income Fund Inc.	COM	72369H106	1,394,861	179,982	SH		SOLE		179,982	0	0
Pioneer Mun High Income Oppo	COMMON STOCK	723760104	508,130	42,844	SH		SOLE		42,844	0	0
Pioneer Municipal High Income Advantage Trust	COM	723762100	294,629	34,950	SH		SOLE		34,950	0	0
Playa Hotels & Resorts Nv	SHS	N70544106	2,556,034	202,058	SH		SOLE		202,058	0	0
Popular Inc	COM NEW	733174700	1,749,328	18,598	SH		SOLE		18,598	0	0
ProShares Short VIX Short-Term Futures ETF	SHT VIX ST TRM	74347W130	11,013	220	SH		SOLE		220	0	0
Prospect Capital Corporation	COM	74348T102	7,880,451	1,828,411	SH		SOLE		1,828,411	0	0
Purecycle Technologies Inc	W Exp 01/28/202	74623V111	18,743	5,457	SH		SOLE		5,457	0	0
Putnam Managed Mun Income Tr	COM	746823103	258,746	43,341	SH		SOLE		43,341	0	0
Rivernorth Flexible Mun Income Fund II, Inc.	COM	76883Y107	3,422,816	255,434	SH		SOLE		255,434	0	0
Royal Caribbean Group	COM	V7780T103	4,075,370	17,666	SH		SOLE		17,666	0	0
Royce Value Trust Inc	COM	780910105	5,697	361	SH		SOLE		361	0	0
Saba Capital Income & Opport	COM	880198205	13,015,505	1,436,590	SH		SOLE		1,436,590	0	0
Seaboard Corp	COM	811543107	332,863	137	SH		SOLE		137	0	0
Simplify Exchange Traded Fun	Simplify Interst	82889N855	2,784,593	53,202	SH		SOLE		53,202	0	0
Sound Point Meridian Cap Inc.	COM	83617A108	6,991,970	334,544	SH		SOLE		334,544	0	0
SPDR Gold Tr	GOLD SHS	78463V107	338,498	1,398	SH		SOLE		1,398	0	0
SPDR S&P 500 ETF Tr	TR UNIT	78462F103	228,571	390	SH		SOLE		390	0	0
SPDR S&P MidCap 400 ETF Tr	UTSER1 S&PDCRP	78467Y107	85,437	150	SH		SOLE		150	0	0
SRH Total Return Fund Inc	COM	101507101	197,697	12,341	SH		SOLE		12,341	0	0
Suro Capital Corp	COM	86887Q109	7,981,565	1,357,409	SH		SOLE		1,357,409	0	0
TCW Strategic Income Fund Inc	COM	872340104	9,620	2,000	SH		SOLE		2,000	0	0
Templeton Dragon Fd Inc.	COM	88018T101	9,297	1,095	SH		SOLE		1,095	0	0
The European Equity Fund Inc	COM	298768102	6,057	744	SH		SOLE		744	0	0
The Gabelli Dividend & Income Trust	COM	36242H104	5,437	225	SH		SOLE		225	0	0
The Herzfeld Caribbean Basin Fund Inc	COM	42804T106	5,831,397	2,497,386	SH		SOLE		2,497,386	0	0
The Korea Fund Inc	COM NEW	500634209	5,773	313	SH		SOLE		313	0	0
The Mexico Fund, Inc.	COM	592835102	9,161	694	SH		SOLE		694	0	0
The New Germany Fund Inc	COM	644465106	11,392	1,460	SH		SOLE		1,460	0	0
The Taiwan Fund Inc	COM	874036106	2,655,912	68,717	SH		SOLE		68,717	0	0
Thornburg Incm Builder Opp Tr	COM	885213108	3,004,246	184,536	SH		SOLE		184,536	0	0
TMC The Metals Company Inc	COM	87261Y106	10,034	8,959	SH		SOLE		8,959	0	0
Tortoise Energy Infra Corp	COM	89147L886	5,358,360	127,580	SH		SOLE		127,580	0	0
Tortoise Pwr & Energy Infras	COM	890930100	47,554	2,370	SH		SOLE		2,370	0	0
Tri-Continental Corp	COM	895436103	5,452	172	SH		SOLE		172	0	0
Vesta Real Estate Corp	ADS	92540K109	1,085,747	42,412	SH		SOLE		42,412	0	0
Virtus Stone HBR Emrg Mkts I	COM	86164T107	7,266	1,546	SH		SOLE		1,546	0	0
Virtus Total Return Fund Inc.	COM	92835W107	5,420	925	SH		SOLE		925	0	0
Vulcan Materials Co	COM	929160109	1,291,037	5,019	SH		SOLE		5,019	0	0
Wells Fargo Advantage Multi-Sector Income Fund	COM	94987D101	1,335,564	145,328	SH		SOLE		145,328	0	0
Western Asset Mortgage Opp Fund Inc.	COM	95790B109	1,590,546	134,792	SH		SOLE		134,792	0	0
XAI Octagn Flt Rat & Alt Inm	COM	98400T106	6,880,043	1,036,151	SH		SOLE		1,036,151	0	0