SMH CAPITAL ADVISORS INC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| TRINITY CAP INC | TRIN | $3.0M | 171,820 | -0.53pp | 10q | +0.9%+$26.8K | |
| CAPITAL SOUTHWEST CORP | CSWC | $1.9M | 80,526 | -0.41pp | 16q | +0.6%+$10.5K | |
| ALPHATEC HLDGS INC | $1.5M | 1,485,000 | +0.19pp | 3q | DEBT | ||
| VICI PPTYS INC | VICI | $1.3M | 58,696 | -0.46pp | 14q | +9.8%+$120.0K | |
| SM ENERGY COMPANY | SM | $1.3M | 37,400 | +0.96pp | 3q | HELD | |
| MAIN STR CAP CORP | MAIN | $1.2M | 22,095 | +0.15pp | 13q | +0.9%+$10.3K | |
| HERCULES CAPITAL INC | HTGC | $1.0M | 59,906 | +0.14pp | 5q | +0.7%+$7.4K | |
| CAPITAL SOUTHWEST CORP | $967.4K | 936,000 | +0.06pp | 8q | DEBT | ||
| BLUE OWL CAPITAL INC | OWL | $938.5K | 103,249 | +0.04pp | 6q | +0.7%+$6.9K | |
| LYFT INC | $812.6K | 850,000 | - | new | DEBT | ||
| CARLYLE GROUP INC | CG | $745.4K | 18,795 | -0.25pp | 10q | +0.9%+$6.7K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $615.1K | 807 | -0.03pp | 6q | HELD | |
| RITHM CAPITAL CORP | RITM | $590.8K | 66,158 | -0.18pp | 10q | +0.8%+$4.7K | |
| NEOSTELLAR CAP CORP | NSLR | $555.6K | 72,245 | - | new | NEW | |
| ROUNDHILL ETF TRUST | DRAM | $549.6K | 9,106 | - | new | NEW | |
| ARES CAPITAL CORP | ARCC | $484.3K | 25,355 | +0.02pp | 3q | +1.4%+$6.7K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $456.2K | 7,692 | -0.07pp | 11q | HELD | |
| ISHARES TR | EFA | $444.8K | 4,282 | -0.06pp | 11q | HELD | |
| INNOVATIVE INDL PPTYS INC | IIPR | $421.4K | 8,000 | -0.83pp | 5q | -20.0%-$105.4K | |
| RUNWAY GROWTH FINANCE CORP | RWAY | $381.6K | 57,636 | +0.20pp | 3q | +1.5%+$5.7K | |
| FORD MTR CO | F | $376.0K | 31,177 | -0.28pp | 2q | HELD | |
| FLUENCE ENERGY INC 2.25 06/15/2030 | $373.5K | 500,000 | - | new | DEBT | ||
| ADAMS DIVERSIFIED EQUITY FD | ADX | $351.0K | 13,674 | flat | 32q | +3.0%+$10.1K | |
| CALAMOS STRATEGIC TOTAL RETU | CSQ | $318.7K | 15,628 | -0.02pp | 32q | +2.5%+$7.7K | |
| VIRTUS EQUITY & CONV INCM FD | NIE | $314.1K | 12,564 | +0.03pp | 23q | +14.2%+$39.1K | |
| NEXPOINT DIVERSIFIED REL ET | NXDT | $312.3K | 59,944 | -0.03pp | 23q | HELD | |
| GABELLI DIVID & INCOME TR | GDV | $273.3K | 9,662 | -0.05pp | 12q | +2.8%+$7.4K | |
| EZCORP INC | EZPW | $272.1K | 9,142 | -0.21pp | 3q | HELD | |
| EATON VANCE TAX ADVT DIV INC | EVT | $268.0K | 9,603 | flat | 12q | +2.7%+$7.1K | |
| INVESCO QQQ TR | QQQ | $258.1K | 349 | -0.03pp | 5q | HELD | |
| ALLIANCEBERNSTEIN GLOBAL HIG | AWF | $248.4K | 25,524 | -0.06pp | 32q | +3.0%+$7.2K | |
| CARLYLE SECURED LENDING INC | CGBD | $237.8K | 22,243 | -0.01pp | 6q | +1.4%+$3.2K | |
| APOLLO GLOBAL MGMT INC | APO | $222.4K | 1,917 | -0.04pp | 5q | +1.0%+$2.2K | |
| BLACKROCK CORPOR HI YLD FD I | HYT | $222.0K | 28,314 | -0.08pp | 32q | +3.4%+$7.4K | |
| BLUE OWL CAPITAL CORPORATION | OBDC | $210.3K | 20,049 | -0.06pp | 3q | HELD | |
| HANCOCK JOHN TAX-ADVANTAGED | HTD | $208.6K | 9,406 | -0.12pp | 9q | +3.0%+$6.2K | |
| BLACKROCK CR ALLOCATION | BTZ | $207.9K | 22,327 | -0.10pp | 32q | +0.5%+$1.1K | |
| BLACKSTONE SECD LENDING FD | BXSL | $207.7K | 8,662 | -0.02pp | 2q | HELD | |
| LYFT INC | $195.6K | 190,000 | -0.86pp | 5q | DEBT | ||
| PALMER SQUARE CAPITAL BDC IN | PSBD | $192.3K | 19,447 | -0.07pp | 2q | HELD | |
| SLR INVESTMENT CORP | SLRC | $186.4K | 16,086 | -0.06pp | 2q | +2.4%+$4.3K | |
| NEW MTN FIN CORP | NMFC | $174.2K | 25,169 | - | new | NEW | |
| COHEN & STEERS QUALITY INCOM | RQI | $172.8K | 15,851 | -0.09pp | 7q | +2.8%+$4.7K | |
| BLACKROCK MULTI SECTOR INC T | BIT | $156.1K | 13,889 | -0.06pp | 29q | +4.8%+$7.2K | |
| CRESCENT CAP BDC INC | CCAP | $142.5K | 15,527 | -0.13pp | 3q | HELD | |
| TEMPLETON EMERGING MKTS INCO | TEI | $140.2K | 22,799 | -0.05pp | 32q | +3.4%+$4.6K | |
| EATON VANCE MUN BD FD | EIM | $119.8K | 13,213 | -0.06pp | 28q | HELD | |
| NUVEEN QUALITY MUNCP INCOME | NAD | $118.6K | 11,715 | -0.11pp | 22q | HELD | |
| NUVEEN AMT FREE QLTY MUN INC | NEA | $117.4K | 11,798 | -0.10pp | 22q | HELD | |
| ALLIANCEBERNSTEIN NATL MUN I | AFB | $116.3K | 12,204 | -0.11pp | 22q | HELD | |
| U S GLOBAL INVS INC | GROW | $108.0K | 37,486 | -0.08pp | 22q | -6.7%-$7.8K | |
| CION INVT CORP | CION | $102.5K | 14,600 | +0.03pp | 3q | HELD | |
| BLACKROCK TCP CAPITAL CORP | TCPC | $98.9K | 24,717 | +0.05pp | 2q | HELD | |
| TRIPLEPOINT VENTURE GROWTH B | TPVG | $94.7K | 19,494 | -0.02pp | 2q | HELD | |
| ADVANCED FLOWER CAP INC | AFCG | $93.6K | 26,000 | +0.04pp | 22q | HELD | |
| SELECTQUOTE INC | SLQT | $47.1K | 116,337 | -0.21pp | 5q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $14.2M | 53.9% |
| Real Estate | $2.7M | 10.1% |
| Capital Markets | $2.0M | 7.6% |
| Energy | $1.3M | 4.8% |
| Other sectors | $695.2K | 2.6% |
| Not classified | $5.5M | 21.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -1.3% | +2.1% | -3.4% | 86% |
| Q2 2023 | +3.5% | +8.3% | -4.8% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $26.4M | 56 | 5 | 27 | 3 | 3 | 52.7% | 29 |
| Q2 2026 | $25.5M | 54 | 6 | 25 | 9 | 8 | 52.5% | 44 |
| Q1 2026 | $35.4M | 56 | 9 | 10 | 6 | 8 | 66.3% | 135 |
| Q4 2025 | $49.1M | 55 | 4 | 6 | 15 | 0 | 72.2% | 43 |
| Q3 2025 | $49.0M | 51 | 12 | 21 | 4 | 7 | 74.6% | 44 |
| Q2 2025 | $44.1M | 46 | 4 | 7 | 21 | 3 | 76.7% | 37 |
| Q1 2025 | $43.0M | 45 | 1 | 7 | 24 | 1 | 75.5% | 38 |
| Q4 2024 | $41.4M | 45 | 4 | 6 | 19 | 6 | 73.5% | 43 |
| Q3 2024 | $32.4M | 47 | 3 | 5 | 27 | 5 | 66.5% | 39 |
| Q2 2024 | $32.7M | 49 | 7 | 3 | 25 | 6 | 67.3% | 43 |
| Q1 2024 | $37.1M | 48 | 9 | 19 | 7 | 8 | 73.7% | 43 |
| Q4 2023 | $46.1M | 47 | 6 | 9 | 18 | 3 | 80.9% | 37 |
| Q3 2023 | $42.8M | 44 | 3 | 7 | 27 | 13 | 82.9% | 39 |
| Q2 2023 | $46.2M | 54 | 5 | 0 | 29 | 2 | 74.9% | 39 |
| Q1 2023 | $16.8M | 51 | 5 | 2 | 40 | 18 | 42.1% | 45 |
| Q4 2022 | $68.6M | 64 | 6 | 29 | 12 | 3 | 75.4% | 45 |
| Q3 2022 | $67.0M | 61 | 2 | 13 | 24 | 4 | 77.8% | 34 |
| Q2 2022 | $74.2M | 63 | 9 | 33 | 14 | 2 | 75.6% | 41 |
| Q1 2022 | $61.6M | 56 | 6 | 35 | 3 | 4 | 75.1% | 34 |
| Q4 2021 | $50.5M | 54 | 1 | 29 | 9 | 4 | 72.4% | 33 |
| Q3 2021 | $54.4M | 57 | 2 | 7 | 27 | 3 | 70.7% | 26 |
| Q2 2021 | $49.7M | 58 | 14 | 24 | 4 | 9 | 67.7% | 29 |
| Q1 2021 | $44.8M | 53 | 10 | 28 | 6 | 1 | 71.0% | 22 |
| Q4 2020 | $39.5M | 44 | 7 | 4 | 20 | 7 | 76.6% | 20 |
| Q3 2020 | $43.0M | 44 | 5 | 7 | 19 | 3 | 81.4% | 35 |
| Q2 2020 | $49.9M | 42 | 9 | 11 | 6 | 2 | 86.3% | 36 |
| Q1 2020 | $47.1M | 35 | 1 | 17 | 8 | 9 | 89.8% | 27 |
| Q4 2019 | $50.4M | 43 | 10 | 18 | 5 | 1 | 83.4% | 35 |
| Q3 2019 | $45.5M | 34 | 6 | 17 | 7 | 4 | 85.7% | 31 |
| Q2 2019 | $41.0M | 32 | 3 | 0 | 7 | 5 | 84.1% | 36 |
| Q1 2019 | $51.6M | 34 | 3 | 17 | 7 | 2 | 84.4% | 40 |
| Q4 2018 | $49.3M | 33 | 0 | 0 | 0 | 0 | 86.7% | 29 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.