SMH CAPITAL ADVISORS INC
CIK 1180391 · View on SEC EDGAR ↗
- Portfolio value
- $25.5M
- Positions
- 54
- As of
- June 30, 2026
#8,875 of 9,443 by 13F value · top 94.0%
Portfolio value QoQ: -27.8% 13F does not disclose cash
- Top 10 holdings weight
- 52.54%
- Top 25 holdings weight
- 79.05%
- Positions above 1%
- 30
- Effective number of positions
- 24.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 12.93% Est. buys $3,935,701 · sells $13,208,946
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 66.7% still held
- New positions
- 6
- Increased
- 29
- Decreased
- 11
- Closed
- 5
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Financial Services
47.1%
Real Estate
11.9%
Energy
3.8%
Consumer Discretionary
1.7%
N/A
1.2%
Retail
0.9%
Financials
0.4%
Other/Unmapped
32.9%
Full portfolio 54 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TRIN Trinity Capital Inc. - Common Stock | $3,046,547 | 11.94% | 170,293 | $529,617 | Down ×1 | ||
| CSWC Capital Southwest Corporation - Common Stock | $1,903,314 | 7.46% | 80,072 | $169,912 | Up ×1 | ||
| VICI VICI Properties Inc. Common Stock | $1,419,654 | 5.56% | 53,471 | $84,461 | Up ×1 | ||
| Unknown issuer (CUSIP: 02081GAD4) | $1,383,983 | 5.42% | 1,453,000 | $667,393 | Up ×1 | ||
| MAIN Main Street Capital Corporation Common Stock | $1,136,518 | 4.45% | 21,907 | $136,329 | Up ×4 | ||
| SM SM Energy Company Common Stock | $976,119 | 3.83% | 37,399 | $-191,403 | Down ×1 | ||
| HTGC Hercules Capital, Inc. Common Stock | $937,779 | 3.68% | 59,466 | $331,249 | Up ×1 | ||
| Unknown issuer (CUSIP: 140501AE7) | $918,320 | 3.60% | 883,000 | $-10,692,166 | Down ×4 | ||
| OWL Blue Owl Capital Inc. Class A Common Stock | $896,779 | 3.52% | 102,489 | $101,574 | Up ×2 | ||
| CG The Carlyle Group Inc. - Common Stock | $784,371 | 3.07% | 18,627 | $-126,663 | Down ×5 | ||
| Unknown issuer (CUSIP: 97717PAH7) | $746,976 | 2.93% | 496,000 | $2,682 | Down ×1 | ||
| IIPR Innovative Industrial Properties, Inc. Common Stock | $619,800 | 2.43% | 10,000 | $374,518 | Up ×1 | ||
| RITM Rithm Capital Corp. Common Stock | $616,269 | 2.42% | 65,630 | $-9,124 | Down ×1 | ||
| SPY SPY | $602,073 | 2.36% | 806 | $68,868 | Down ×1 | ||
| ARCC Ares Capital Corporation - Closed End Fund | $463,306 | 1.82% | 25,003 | $265,086 | Up ×1 | ||
| VWO | $458,919 | 1.80% | 7,688 | $43,478 | Up ×1 | ||
| EFA | $444,799 | 1.74% | 4,282 | $30,371 | Up ×1 | ||
| F Ford Motor Company Common Stock | $434,764 | 1.70% | 31,278 | Up ×1 | |||
| Unknown issuer (CUSIP: 55087PAD6) | $408,330 | 1.60% | 390,000 | $206,353 | Up ×1 | ||
| WT WisdomTree, Inc. Common Stock | $370,783 | 1.45% | 21,888 | $95,686 | Up ×4 | ||
| ADX Adams Diversified Equity Fund Inc. | $339,355 | 1.33% | 13,282 | $51,379 | Up ×2 | ||
| RWAY Runway Growth Finance Corp. - Common Stock | $318,480 | 1.25% | 56,770 | $222,300 | Up ×1 | ||
| EZPW EZCORP, Inc. - Class A Non-Voting Common Stock | $316,039 | 1.24% | 9,142 | $84,015 | |||
| CSQ Calamos Strategic Total Return Fund - Closed End Fund | $313,545 | 1.23% | 15,250 | $60,278 | Up ×2 | ||
| NXDT NexPoint Diversified Real Estate Trust Common Stock | $310,347 | 1.22% | 59,797 | $37,371 | Up ×2 | ||
| NIE Virtus Equity & Convertible Income Fund Common Shares of Beneficial Interest | $295,416 | 1.16% | 10,998 | $43,386 | Up ×2 | ||
| GDV Gabelli Dividend & Income Trust Common Shares of Beneficial Interest | $276,339 | 1.08% | 9,399 | $31,865 | Up ×2 | ||
| EVT Eaton Vance Tax Advantaged Dividend Income Fund Common Shares of Beneficial Interest | $258,726 | 1.01% | 9,347 | $37,949 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $256,775 | 1.01% | 349 | $55,519 | |||
| AWF Alliancebernstein Global High Income Fund | $255,323 | 1.00% | 24,789 | $5,897 | Up ×4 | ||
| HYT Blackrock Corporate High Yield Fund, Inc. Common Stock | $234,308 | 0.92% | 27,372 | $7,138 | Up ×4 | ||
| DKS Dick's Sporting Goods Inc Common Stock | $232,934 | 0.91% | 1,027 | $-170,388 | Down ×1 | ||
| HTD John Hancock Tax Advantaged Dividend Income Fund Common Shares of Beneficial Interest | $232,676 | 0.91% | 9,128 | $16,077 | Up ×1 | ||
| CGBD Carlyle Secured Lending, Inc. - Closed End Fund | $231,091 | 0.91% | 21,946 | $-11,099 | Down ×1 | ||
| BTZ BlackRock Credit Allocation Income Trust | $227,008 | 0.89% | 22,212 | $3,749 | Up ×2 | ||
| APO Apollo Global Management, Inc. (New) Common Stock | $224,505 | 0.88% | 1,898 | $13,182 | Up ×3 | ||
| OBDC Blue Owl Capital Corporation Common Stock | $217,933 | 0.85% | 20,049 | $101,803 | Up ×1 | ||
| BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest | $205,376 | 0.81% | 8,662 | Up ×1 | |||
| PSBD Palmer Square Capital BDC Inc. Common Stock | $202,638 | 0.79% | 19,447 | Up ×1 | |||
| SLRC SLR Investment Corp. - Closed End Fund | $194,381 | 0.76% | 15,714 | Up ×1 | |||
| RQI Cohen & Steers Quality Income Realty Fund Inc Common Shares | $189,845 | 0.74% | 15,422 | $9,620 | Up ×4 | ||
| CCAP Crescent Capital BDC, Inc. - Common Stock | $169,555 | 0.66% | 15,527 | $-12,695 | Up ×1 | ||
| BIT BlackRock Multi-Sector Income Trust Common Shares of Beneficial Interest | $165,875 | 0.65% | 13,249 | $4,273 | Up ×4 | ||
| TEI Templeton Emerging Markets Income Fund, Inc. Common Stock | $148,641 | 0.58% | 22,054 | $22,378 | Up ×4 | ||
| NAD Nuveen Quality Municipal Income Fund Common Stock | $141,989 | 0.56% | 11,715 | $7,263 | |||
| AFB AllianceBernstein National Municipal Income Fund Inc | $139,249 | 0.55% | 12,204 | $8,787 | |||
| NEA Nuveen AMT-Free Quality Municipal Income Fund Common Shares of Beneficial Interest Par Value $.01 | $138,508 | 0.54% | 11,798 | $6,017 | |||
| EIM | $131,606 | 0.52% | 13,213 | $2,510 | |||
| GROW U.S. Global Investors, Inc. - Class A Common Stock | $125,397 | 0.49% | 40,191 | $23,518 | Down ×1 | ||
| SLQT SelectQuote, Inc. Common Stock | $98,119 | 0.38% | 116,656 | $23,890 | Down ×1 | ||
| TPVG TriplePoint Venture Growth BDC Corp. Common Stock | $95,716 | 0.38% | 19,494 | Up ×1 | |||
| CION CION Investment Corporation Common Stock | $90,958 | 0.36% | 14,600 | $-8,906 | |||
| TCPC BlackRock TCP Capital Corp. - Closed End Fund | $83,049 | 0.33% | 24,717 | Up ×1 | |||
| AFCG Advanced Flower Capital Inc. - Common Stock | $80,600 | 0.32% | 26,000 | $7,280 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| — | Bought more | +753K | +$667K |
| TRIN | Trimmed | -810 | +$530K |
| IIPR | Bought more | +5K | +$375K |
| HTGC | Bought more | +18K | +$331K |
| ARCC | Bought more | +14K | +$265K |
| RWAY | Bought more | +43K | +$222K |
| — | Bought more | +190K | +$206K |
| SM | Trimmed | -46 | -$191K |
| DKS | Trimmed | -1K | -$170K |
| CSWC | Bought more | +2K | +$170K |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| SPHY | March 31, 2026 | 100,675 | $2,382,977 | No longer tracked |
| PSEC | June 30, 2026 | 426,418 | $1,112,952 | -2.0% |
| T | June 30, 2025 | 26,358 | $745,402 | -12.3% |
| CIVI | March 31, 2026 | 25,732 | $697,074 | No longer tracked |
| ENB | June 30, 2025 | 14,555 | $644,910 | 13.0% |
| PNNT | Sept. 30, 2025 | 68,210 | $466,556 | -44.9% |
| VZ | Sept. 30, 2025 | 10,735 | $464,495 | 12.5% |
| CODI | Sept. 30, 2025 | 73,293 | $460,281 | 74.2% |
| O | March 31, 2026 | 7,699 | $433,971 | 3.2% |
| HASI | June 30, 2026 | 8,663 | $318,365 | 4.6% |
| VCTR | Sept. 30, 2025 | 4,091 | $260,476 | 77.3% |
| FUBO | March 31, 2026 | 98,679 | $248,671 | 12.1% |
| TPG | March 31, 2026 | 3,400 | $217,056 | 30.2% |
| AMT | June 30, 2026 | 1,200 | $207,096 | 8.0% |
| HPK | June 30, 2026 | 28,354 | $195,643 | 19.7% |
| MUI | March 31, 2025 | 11,669 | $141,426 | No longer tracked |
| NMFC | June 30, 2026 | 12,000 | $93,120 | 5.2% |
| ONL | Sept. 30, 2025 | 21,281 | $45,328 | 4.8% |