SMH CAPITAL ADVISORS INC

CIK

1180391

Location

FORT WORTH, TX

Portfolio Value

Micro $950,527

Diversification

Moderately concentrated

Filing Date

Global Rank

#8,161 / 8,232 ▼ 627

Top Industry

Asset Management 56.2%

3Y Alpha vs SPY

-18.7%

Period ended 2 months ago

Filed Apr 10, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+7.2%

SPY

+76.5%

Annualised alpha

-18.5%

Max drawdown

−28.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

30 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

36.5%

+22.7 pts

Top 5

67.3%

+22.2 pts

Top 10

86.6%

+20.5 pts

HHI

1,691

Moderately concentrated+1,100

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	48.7%	$462,644	2
Financial Services	29.4%	$279,871	21
Real Estate	9.6%	$91,684	5
Consumer Cyclical	8.4%	$79,910	1
Energy	3.8%	$36,418	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PSEC	Prospect Capital Corp	−425,360	1,113	$2,904
TRIN	Trinity Capital Inc.	−168,268	2,517	$37,025
CSWC	Capital Southwest Corp	−76,671	1,733	$38,333
OWL	Blue Owl Capital Inc.	−66,974	795	$7,258
NXDT	Nexpoint Diversified Real Estate Trust	−58,146	273	$1,274
VICI	Vici Properties Inc.	−47,776	1,335	$36,472
HTGC	Hercules Capital, Inc.	−40,458	607	$8,965
RITM	Rithm Capital Corp.	−35,319	625	$5,925
HYT	Blackrock Corporate High Yield Fund, Inc.	−26,336	227	$1,934
AWF	Alliancebernstein Global High Income Fund Inc	−23,896	249	$2,532
CGBD	Carlyle Secured Lending, Inc.	−21,896	242	$2,647
BTZ	Blackrock Credit Allocation Income Trust	−21,646	223	$2,252
CG	Carlyle Group Inc.	−17,975	911	$44,083
MAIN	Main Street Capital CORP	−17,884	1,000	$52,960
WT	WisdomTree, Inc.	−17,616	275	$4,004
CSQ	Calamos Strategic Total Return Fund	−14,524	253	$4,331
ADX	Adams Diversified Equity Fund, Inc.	−12,701	288	$6,304
NIE	Virtus Equity & Convertible Income Fund	−10,437	252	$5,886
GDV	Gabelli Dividend & Income Trust	−8,811	244	$6,570
EVT	Eaton Vance Tax-Advantaged Dividend Income Fund	−8,798	221	$5,425
HTD	John Hancock Tax-Advantaged Dividend Income Fund	−8,528	217	$5,375
HASI	HA Sustainable Infrastructure Capital, Inc.	−8,361	318	$11,686
IIPR	Innovative Industrial Properties Inc	−4,645	245	$12,289
APO	Apollo Global Management, Inc.	−1,665	211	$23,509
DKS	Dick's Sporting Goods, Inc.	−1,631	403	$79,910
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
SM	SM Energy Co	1,168	$36,418
EZPW	Ezcorp Inc	232	$5,888
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
FUBO	FuboTV Inc.	98,679	$2,984,052
O	Realty Income Corp	7,699	$433,992
HPK	HighPeak Energy, Inc.	68,354	$323,997
TPG	TPG Inc.	3,400	$217,056
RQI	Cohen & Steers Quality Income Realty Fund Inc	14,896	$170,112
SLQT	SelectQuote, Inc.	117,917	$166,262
BIT	BlackRock Multi-Sector Income Trust	12,685	$165,666
NAD	Nuveen Quality Municipal Income Fund	12,115	$145,622
NEA	Nuveen AMT-Free Quality Municipal Income Fund	12,201	$141,897
AFB	Alliancebernstein National Municipal Income Fund	12,609	$136,429
TEI	Templeton Emerging Markets Income Fund	20,909	$134,863
EIM	Eaton Vance Municipal Bond Fund	13,620	$132,522
GROW	U S Global Investors Inc	41,052	$98,935
AFCG	Advanced Flower Capital Inc.	26,000	$74,100
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 positions · $950,527 total · as of Mar 31, 2026

All sectors Consumer Cyclical Energy Financial Services Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	533	-286	$346,631	−37.9%	36.47%
QQQ	Invesco Qqq Trust, Series 1	Reduced	201	-147	$116,013	−45.7%	12.21%
DKS	Dick's Sporting Goods, Inc. Consumer Cyclical	Reduced	403	-1,631	$79,910	−80.2%	8.41%
MAIN	Main Street Capital CORP Financial Services	Reduced	1,000	-17,884	$52,960	−95.4%	5.57%
CG	Carlyle Group Inc. Financial Services	Reduced	911	-17,975	$44,083	−96.1%	4.64%
CSWC	Capital Southwest Corp Financial Services	Reduced	1,733	-76,671	$38,333	−97.8%	4.03%
TRIN	Trinity Capital Inc. Financial Services	Reduced	2,517	-168,268	$37,025	−98.5%	3.90%
VICI	Vici Properties Inc. Real Estate	Reduced	1,335	-47,776	$36,472	−97.4%	3.84%
SM	SM Energy Co Energy	NEW	1,168	NEW	$36,418	NEW	3.83%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	207	-993	$35,724	−83.0%	3.76%
APO	Apollo Global Management, Inc. Financial Services	Reduced	211	-1,665	$23,509	−91.3%	2.47%
IIPR	Innovative Industrial Properties Inc Real Estate	Reduced	245	-4,645	$12,289	−94.7%	1.29%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	Reduced	318	-8,361	$11,686	−95.7%	1.23%
HTGC	Hercules Capital, Inc. Financial Services	Reduced	607	-40,458	$8,965	−98.8%	0.94%
OWL	Blue Owl Capital Inc. Financial Services	Reduced	795	-66,974	$7,258	−99.3%	0.76%
GDV	Gabelli Dividend & Income Trust Financial Services	Reduced	244	-8,811	$6,570	−97.4%	0.69%
ADX	Adams Diversified Equity Fund, Inc. Financial Services	Reduced	288	-12,701	$6,304	−97.9%	0.66%
RITM	Rithm Capital Corp. Real Estate	Reduced	625	-35,319	$5,925	−98.5%	0.62%
EZPW	Ezcorp Inc Financial Services	NEW	232	NEW	$5,888	NEW	0.62%
NIE	Virtus Equity & Convertible Income Fund Financial Services	Reduced	252	-10,437	$5,886	−97.8%	0.62%
EVT	Eaton Vance Tax-Advantaged Dividend Income Fund Financial Services	Reduced	221	-8,798	$5,425	−97.6%	0.57%
HTD	John Hancock Tax-Advantaged Dividend Income Fund Financial Services	Reduced	217	-8,528	$5,375	−97.4%	0.57%
CSQ	Calamos Strategic Total Return Fund Financial Services	Reduced	253	-14,524	$4,331	−98.5%	0.46%
WT	WisdomTree, Inc. Financial Services	Reduced	275	-17,616	$4,004	−98.2%	0.42%
PSEC	Prospect Capital Corp Financial Services	Reduced	1,113	-425,360	$2,904	−99.7%	0.31%
CGBD	Carlyle Secured Lending, Inc. Financial Services	Reduced	242	-21,896	$2,647	−99.0%	0.28%
AWF	Alliancebernstein Global High Income Fund Inc Financial Services	Reduced	249	-23,896	$2,532	−99.0%	0.27%
BTZ	Blackrock Credit Allocation Income Trust Financial Services	Reduced	223	-21,646	$2,252	−99.0%	0.24%
HYT	Blackrock Corporate High Yield Fund, Inc. Financial Services	Reduced	227	-26,336	$1,934	−99.2%	0.20%
NXDT	Nexpoint Diversified Real Estate Trust Real Estate	Reduced	273	-58,146	$1,274	−99.4%	0.13%