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Asset Manager ← All Institutions

SMH CAPITAL ADVISORS INC

4200 S. HULEN STE 534, FORT WORTH, TX 76109 • 7132243100

Q2 2025 · Filed 2025-08-06
Market Value
$14.1B
-11.7%
Holdings
43
+3
New Purchases
4
Added To
10
Closed
2
Reduced
25
Top 10 Concentration
62.5%
Turnover
14.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPHY 10.47% 4.40% +6.06% $1.5B
OWL 4.73% 0.00% +4.73% $667M
CGBD 2.13% 0.00% +2.13% $300M
VICI 9.50% 8.42% +1.08% $1.3B
CSWC 7.07% 6.43% +0.64% $997M
TRIN 13.52% 12.92% +0.60% $1.9B
VWO 2.71% 2.19% +0.52% $383M
ADX 2.01% 1.58% +0.43% $284M
GROW 1.85% 1.45% +0.40% $261M
CSQ 1.93% 1.53% +0.40% $272M
WT 1.38% 0.99% +0.39% $194M
NXDT 1.75% 1.38% +0.36% $246M
PNNT 3.31% 3.00% +0.30% $467M
RITM-PD 2.73% 2.45% +0.29% $385M
GDV 1.67% 1.41% +0.26% $235M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CODI 3.26% 8.96% -5.70% $460M
CG 0.01% 5.31% -5.30% $979K
T 0.00% 4.67% -4.67% $0
ENB 0.00% 4.04% -4.04% $0
CIVI 4.04% 4.53% -0.49% $570M
PSEC 3.28% 3.76% -0.48% $463M
AFCG 0.83% 0.91% -0.08% $116M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 77.5%
Real Estate 13.6%
Energy 6.6%
Consumer Cyclical 2.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $466M 3.3%
Large Cap 11 $4.3B 30.2%
Mid Cap 10 $2.2B 15.6%
Small Cap 14 $5.9B 42.0%
Micro Cap 6 $1.3B 8.9%

Portfolio Analytics

Avg Market Cap
$40.1B
Median Market Cap
$2.5B
Avg P/E
22.8
Median P/E
12.1
Avg Dividend Yield
0.08%
Avg Beta
0.89
# Stocks
26
# ETFs / Funds
17

Top Holdings (43 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TRIN 13.52% 135,485 $1.9B $14,070.04 -$156M -529 -0.4%
2 SPHY 10.47% 62,000 $1.5B $23,800.00 $773M +32,000 +106.7%
3 VICI 9.50% 41,070 $1.3B $32,599.95 -$5M -114 -0.3%
4 CSWC 7.07% 45,215 $997M $22,039.94 -$30M -766 -1.7%
5 OWL 4.73% 34,746 $667M $19,210.01 +34,746 NEW
6 CIVI 4.04% 20,694 $570M $27,520.15 -$153M -11 -0.1%
7 PNNT 3.31% 68,210 $467M $6,839.99 -$13M
8 VZ 3.29% 10,735 $464M $43,269.21 -$29M -151 -1.4%
9 PSEC 3.28% 145,536 $463M $3,180.00 -$137M -799 -0.6%
10 CODI 3.26% 73,293 $460M $6,280.01 -$970M -3,329 -4.3%
11 RITM-PD 2.73% 34,114 $385M $11,290.03 -$5M +25 +0.1%
12 VWO 2.71% 7,736 $383M $49,461.61 $33M +5 +0.1%
13 HASI 2.63% 13,786 $370M $26,859.20 -$34M -52 -0.4%
14 CGBD 2.13% 21,925 $300M $13,680.00 +21,925 NEW
15 ADX 2.01% 13,069 $284M $21,709.54 $32M -190 -1.4%
16 CSQ 1.93% 14,922 $272M $18,239.78 $27M -210 -1.4%
17 AWF 1.86% 23,725 $262M $11,029.88 $3M -346 -1.4%
18 GROW 1.85% 100,410 $261M $2,599.99 $29M -2,298 -2.2%
19 HYT 1.81% 26,126 $255M $9,749.83 $2M -278 -1.1%
20 NXDT 1.75% 58,774 $246M $4,190.00 $26M +1,154 +2.0%
21 BTZ 1.69% 21,831 $238M $10,920.16 $2M -228 -1.0%
22 GDV 1.67% 9,046 $235M $26,009.18 $10M -298 -3.2%
23 EVT 1.52% 8,884 $214M $24,100.74 $3M -168 -1.9%
24 HTD 1.45% 8,728 $204M $23,390.12 -$9M -195 -2.2%
25 WT 1.38% 16,893 $194M $11,510.15 $37M -768 -4.3%
26 RQI 1.30% 14,725 $183M $12,450.05 -$4M -209 -1.4%
27 BIT 1.29% 12,416 $181M $14,599.87 -$1M -198 -1.6%
28 NAD 0.97% 12,115 $137M $11,289.81 $336K +271 +2.3%
29 NEA 0.95% 12,201 $133M $10,920.25 -$258K +282 +2.4%
30 EIM 0.93% 13,620 $132M $9,669.75 -$946K +315 +2.4%
31 AFB 0.92% 12,609 $130M $10,309.86 -$4M +296 +2.4%
32 TEI 0.87% 20,498 $123M $6,000.15 $10M -464 -2.2%
33 AFCG 0.83% 26,000 $116M $4,480.00 -$28M
34 ONL 0.32% 21,281 $45M $2,129.98 -$173K +19 +0.1%
35 SPY 0.01% 1,896 $1M $617.76 +1,896 NEW
36 MAIN 0.01% 18,630 $1M $59.10 $40K -126 -0.7%
37 CG 0.01% 19,052 $979K $51.40 -$846M -374 -1.9%
38 DKS —% 2,723 $539K $197.81 +2,723 NEW
39 O —% 7,685 $443K $57.61 -$4K -14 -0.2%
40 EFA —% 4,250 $380K $89.38 $34K +17 +0.4%
41 VCTR —% 4,091 $260K $63.67 -$7K -539 -11.6%
42 ENB —% -$645M -14,555 -100.0% SOLD
43 T —% -$745M -26,358 -100.0% SOLD

New Positions

SymbolValue% Port
OWL $667M 4.73%
CGBD $300M 2.13%
SPY $1M 0.01%
DKS $539K —%

Sold Out Positions

SymbolValue% Port
T —%
ENB —%
View SEC EDGAR Filings for SMH CAPITAL ADVISORS INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms