Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TRINTrinity Cap Inc | $3.0M | 11.9% | |
| CSWCCapital Southwest Corp | $1.9M | 7.5% | +2.2% |
| VICIVici Pptys Inc | $1.4M | 5.6% | +9.4% |
| Alphatec Hldgs IncCUSIP 02081GAD4 | $1.4M | 5.4% | +107.6% |
| MAINMain Str Cap Corp | $1.1M | 4.5% | +16.0% |
| SMSm Energy Company | $976K | 3.8% | |
| HTGCHercules Capital Inc | $938K | 3.7% | +44.8% |
| Capital Southwest CorpCUSIP 140501AE7 | $918K | 3.6% | −92.3% |
| OWLBlue Owl Capital Inc | $897K | 3.5% | +17.7% |
| CGCarlyle Group Inc | $784K | 3.1% | −1.1% |
| Wisdomtree IncCUSIP 97717PAH7 | $747K | 2.9% | −9.5% |
| IIPRInnovative Indl Pptys Inc | $620K | 2.4% | +104.5% |
| RITMRithm Capital Corp | $616K | 2.4% | |
| SPYState Str Spdr S&p 500 Etf T | $602K | 2.4% | −1.7% |
| ARCCAres Capital Corp | $463K | 1.8% | +127.3% |
| VWOVanguard Intl Equity Index F | $459K | 1.8% | |
| EFAIshares Tr | $445K | 1.7% | |
| FFord Mtr Co | $435K | 1.7% | New |
| Lyft IncCUSIP 55087PAD6 | $408K | 1.6% | +95.0% |
| WTWisdomtree Inc | $371K | 1.5% | +15.8% |
| ADXAdams Diversified Equity Fd | $339K | 1.3% | |
| RWAYRunway Growth Finance Corp | $318K | 1.2% | +305.5% |
| EZPWEzcorp Inc | $316K | 1.2% | |
| CSQCalamos Strategic Total Retu | $314K | 1.2% | +3.1% |
| NXDTNexpoint Diversified Rel Et | $310K | 1.2% | +2.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| WTWisdomtree Inc | June 30, 2020 | +388.2% | $371K |
| ADXAdams Diversified Equity Fd | June 30, 2020 | +71.4% | $339K |
| CSQCalamos Strategic Total Retu | June 30, 2020 | +65.4% | $314K |
| VWOVanguard Intl Equity Index F | March 31, 2024 | +42.9% | $459K |
| CSWCCapital Southwest Corp | December 31, 2022 | +39.0% | $1.9M |
| EZPWEzcorp Inc | March 31, 2026 | +36.2% | $316K |
| XGDVXGabelli Divid & Income Tr | December 31, 2023 | +35.9% | $276K |
| EFAIshares Tr | March 31, 2024 | +30.1% | $445K |
| MAINMain Str Cap Corp | September 30, 2023 | +27.7% | $1.1M |
| TRINTrinity Cap Inc | June 30, 2024 | +26.5% | $3.0M |
Sold off last quarter
- Riot Platforms IncCUSIP 767292AB1 was $1.3M
- PSECProspect Cap Corp was $1.1M
- Mara Holdings IncCUSIP 565788AH9 was $458K
- HASIHa Sustainable Infra Cap Inc was $318K
- AMTAmerican Tower Corp was $207K
- HPKHighpeak Energy Inc was $196K
- Blackline IncCUSIP 09239BAF6 was $188K
- NMFCNew Mtn Fin Corp was $93K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.2% | +14.8% |
| December 31, 2025 | −3.6% | +2.4% |
| June 30, 2025 | +0.5% | +10.5% |
| March 31, 2025 | −2.9% | −4.6% |
| December 31, 2024 | −1.2% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +0.1% | +4.0% |
| March 31, 2024 | +5.0% | +10.0% |
| December 31, 2023 | +8.8% | +11.2% |
| September 30, 2023 | +2.4% | −3.6% |
| June 30, 2023 | +3.4% | +8.3% |
| December 31, 2022 | +4.0% | +7.1% |
| September 30, 2022 | −3.2% | −5.3% |
| June 30, 2022 | −5.1% | −16.5% |
| March 31, 2022 | −3.2% | −4.9% |
| December 31, 2021 | +1.7% | +10.7% |
| September 30, 2021 | −0.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Smh Capital Advisors Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1180391&type=13F-HR&dateb=&owner=include&count=40CIK 1180391
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1180391/000118039126000004/Filed August 13, 2026 · accession 0001180391-26-000004