SMID · Smith Midland Corp · Holdings

$24.49 +0.26 (+1.07%) At close · Sep 11

Russell 2000 member Rebalance outlook locked

Customer concentration — top customer 10% of revenue

One customer — 10% of revenue (the six months ended June 30, 2026)

“For the six months ended June 30, 2026, the Company derived 10% of its revenue from one customer.”

2 customers — 24% of revenue (the six months ended June 30, 2025)

“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”

2 customers — 16% of revenue (the three months ended June 30, 2025)

“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”

One customer — 10% of revenue (the six months ended June 30, 2025)

“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”

One customer — 10% of revenue (the three months ended June 30, 2025)

“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”

One customer — 17% of receivables (As of June 30, 2026)

“As of June 30, 2026, one customer’s outstanding receivable balance exceeded 17% of the total outstanding receivable balance.”

3 customers — 10% of receivables (As of June 30, 2025)

“As of June 30, 2025, three customers’ outstanding receivable balance exceeded 10% of the total outstanding receivable balance.”

View the 10-Q filed Aug 14, 2026

Market Cap

$129.91M

5.30M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 55

Total Value: $87,707,194

Total Shares: 3,024,386

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 55 13F filers · Δ vs Mar 31, 2026

Top Holder

60.3%

+0.1 pts

Top 5

81.8%

+0.3 pts

Top 10

91.8%

+0.6 pts

HHI

3,791

Highly concentrated+11

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -2

Institutional value: -11.8%

Shares held: -1.1%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega BlackRock, Inc.	+35,330	196,437
Mega MORGAN STANLEY	+9,940	22,883
Mega GEODE CAPITAL MANAGEMENT, LLC	+6,842	89,742
Mega DIMENSIONAL FUND ADVISORS LP	+5,826	50,555
Mega VANGUARD PORTFOLIO MANAGEMENT LLC	+2,950	19,373

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega VANGUARD CAPITAL MANAGEMENT LLC	−42,981	137,332
Small THOMPSON DAVIS & CO., INC.	−17,656	1,824,119
Mega NORTHERN TRUST CORP	−2,230	25,844
Mega RHUMBLINE ADVISERS	−1,857	1,943
Large OSAIC HOLDINGS, INC.	−836	108

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small Topline Capital Management, LLC	20,012	$580,348
Large NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	66	$1,914
Mid Arax Advisory Partners	10	$290
Mid Farther Finance Advisors, LLC	1	$29
Mid ROTHSCHILD INVESTMENT LLC	1	$29

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Large Corient Private Wealth LLC	34,750	$1,130,417
Large LAZARD ASSET MANAGEMENT LLC	9,004	$292,900
Mega JANE STREET GROUP, LLC	6,518	$212,029
Mega CITADEL ADVISORS LLC	6,369	$207,183
Large CWM, LLC	1,064	$34,611

Filter: New 6 Increased 16 Reduced 17 Sold out 8 Unchanged 16

Showing 55 of 55

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

THOMPSON DAVIS & CO., INC.

$52,899,451

60.31%

1,824,119

NEEDHAM INVESTMENT MANAGEMENT LLC

$6,525,000

7.44%

225,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Needham Aggressive Growth Fund	225,000	$6,525,000	100.0%	Defined

BlackRock, Inc.

$5,696,673

6.50%

196,437

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	1,242	$36,018	0.6%	Sole
BlackRock Investment Management, LLC	7,044	$204,276	3.6%	Sole
BLACKROCK ADVISORS LLC	5,327	$154,483	2.7%	Sole
BlackRock Fund Advisors	109,606	$3,178,574	55.8%	Sole
BlackRock Institutional Trust Company, N.A.	42,376	$1,228,904	21.6%	Sole
BlackRock Japan Co. Ltd	30,842	$894,418	15.7%	Sole

VANGUARD CAPITAL MANAGEMENT LLC

$3,982,628

4.54%

137,332

GEODE CAPITAL MANAGEMENT, LLC

$2,602,518

2.97%

89,742

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	14,795	$429,055	16.5%	Defined
Held directly	74,947	$2,173,463	83.5%	Defined

BARD ASSOCIATES INC

$2,316,375

2.64%

79,875

RBF Capital, LLC

$2,151,800

2.45%

74,200

RICE HALL JAMES & ASSOCIATES, LLC

$1,565,391

1.78%

53,979

DIMENSIONAL FUND ADVISORS LP

$1,466,095

1.67%

50,555

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	731	$21,199	1.4%	Defined
DFA Australia Ltd.	1,113	$32,277	2.2%	Defined
Dimensional Ireland Ltd	5,866	$170,114	11.6%	Defined
Held directly	42,845	$1,242,505	84.7%	Sole

STATE STREET CORP

$1,325,677

1.51%

45,713

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS EUROPE LIMITED joint	45,713	$1,325,677	100.0%	Defined

HERITAGE INVESTORS MANAGEMENT CORP

$1,109,772

1.27%

38,268

VANGUARD FIDUCIARY TRUST CO

$871,276

0.99%

30,044

NORTHERN TRUST CORP

$749,476

0.85%

25,844

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	25,425	$737,325	98.4%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	419	$12,151	1.6%	Other

MORGAN STANLEY

$663,607

0.76%

22,883

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	4	$116	0.0%	Defined
MORGAN STANLEY & CO. LLC	857	$24,853	3.7%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	1,487	$43,123	6.5%	Defined
MORGAN STANLEY SMITH BARNEY LLC	20,298	$588,642	88.7%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	237	$6,873	1.0%	Defined

Topline Capital Management, LLC

$580,348

0.66%

20,012

VANGUARD PORTFOLIO MANAGEMENT LLC

$561,817

0.64%

19,373

INTRUST BANK NA

$350,842

0.40%

12,098

Bank of New York Mellon Corp

$325,438

0.37%

11,222

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation	6,806	$197,374	60.6%	Defined
The Bank of New York Mellon	4,415	$128,035	39.3%	Defined
Held directly	1	$29	0.0%	Defined

Waverly Advisors, LLC

$290,116

0.33%

10,004

GOLDMAN SACHS GROUP INC

$258,158

0.29%

8,902

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	8,902	$258,158	100.0%	Defined

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$253,054

0.29%

8,726

LOS ANGELES CAPITAL MANAGEMENT LLC

$205,465

0.23%

7,085

UBS Group AG

$190,878

0.22%

6,582

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	438	$12,702	6.7%	Defined
UBS AG	5,834	$169,186	88.6%	Defined
UBS Securities LLC	310	$8,990	4.7%	Defined

CALDWELL SUTTER CAPITAL, INC.

$94,888

0.11%

3,272

WELLS FARGO & COMPANY/MN

$75,835

0.09%

2,615

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	2,557	$74,153	97.8%	Defined
WELLS FARGO CLEARING SERVICES, LLC	57	$1,653	2.2%	Defined
Wells Fargo Securities, LLC	1	$29	0.0%	Defined

JPMORGAN CHASE & CO

$62,698

0.07%

2,162

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	1,162	$33,698	53.7%	Defined
J.P. Morgan Securities LLC	1,000	$29,000	46.3%	Defined

NEW YORK STATE COMMON RETIREMENT FUND

$62,669

0.07%

2,161

DEUTSCHE BANK AG\

$58,319

0.07%

2,011

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
DWS INVESTMENT MANAGEMENT AMERICAS, INC	37	$1,073	1.8%	Defined
DWS Investments UK Ltd	1,974	$57,246	98.2%	Defined

Vanguard Global Advisers, LLC

$57,855

0.07%

1,995

RHUMBLINE ADVISERS

$56,347

0.06%

1,943

ROYAL BANK OF CANADA

$50,982

0.06%

1,758

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC CMA LTD.	96	$2,784	5.5%	Defined
RBC Capital Markets, LLC	1,162	$33,698	66.1%	Defined
RBC Rochdale, LLC	500	$14,500	28.4%	Defined

BNP PARIBAS ARBITRAGE, SA

$39,933

0.05%

1,377

CITIGROUP INC

$38,135

0.04%

1,315

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	1,315	$38,135	100.0%	Defined

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$37,439

0.04%

1,291

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	1,291	$37,439	100.0%	Defined

Police & Firemen's Retirement System of New Jersey

$30,160

0.03%

1,040

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Capital	1,040	$30,160	100.0%	Defined

Russell Investments Group, Ltd.

$27,057

0.03%

933

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	933	$27,057	100.0%	Defined

Tower Research Capital LLC (TRC)

$16,153

0.02%

557

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	557	$16,153	100.0%	Defined

BARCLAYS PLC

$11,774

0.01%

406

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	371	$10,759	91.4%	Defined
BARCLAYS CAPITAL INC.	35	$1,015	8.6%	Defined

ADIRONDACK TRUST CO

$9,570

0.01%

330

Legal & General Group Plc

$7,250

0.01%

250

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	250	$7,250	100.0%	Defined

GAMMA Investing LLC

$6,670

0.01%

230

Ameritas Investment Partners, Inc.

$6,612

0.01%

228

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EATON VANCE MANAGEMENT	228	$6,612	100.0%	Other

INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC

$5,800

0.01%

200

OSAIC HOLDINGS, INC.

$3,132

0.00%

108

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	100	$2,900	92.6%	Defined
Osaic Advisory Services, LLC	8	$232	7.4%	Defined

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$1,914

0.00%

FMR LLC

$1,450

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	39	$1,131	78.0%	Defined
STRATEGIC ADVISERS LLC	11	$319	22.0%	Defined

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM

$1,131

0.00%

Optiver Holding B.V.

$870

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Optiver VOF	30	$870	100.0%	Defined

Arax Advisory Partners

$290

0.00%

Sterling Capital Management LLC

$290

0.00%

Allworth Financial LP

$29

0.00%

Essential Partners LLC

$29

0.00%

ROTHSCHILD INVESTMENT LLC

$29

0.00%

Farther Finance Advisors, LLC

$29

0.00%

NewEdge Advisors, LLC

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	1,879	$61,123	28.8%	Defined
Jane Street Global Trading, LLC	4,639	$150,906	71.2%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	6,369	$207,183	100.0%	Defined

Key facts CIK 924719 CUSIP 832156103 13F (30d) 13 filings 13 filers Visit website Investor relations