SMH CAPITAL ADVISORS INC

Q3 2025 13F-HR Holdings

Location
Fort Worth, TX
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
51
Total value ($000)
$49,021
Net value change ($000)
+4,960 (11.3%)
New positions
8
Sold out positions
5
Turnover %
17.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/6/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPHY 3,284 222.5%
HTGC 727 NEW
PSEC 704 152.1%
CSWC 558 56.0%
HPK 458 NEW
OWL 404 60.6%
FUBO 375 NEW
SLQT 246 NEW
IIPR 245 NEW
APO 233 NEW
Top Reduces (Value $000, Stocks/ETFs)
SPY -609 -52.0%
PNNT -467 -100.0%
VZ -464 -100.0%
CODI -460 -100.0%
VCTR -260 -100.0%
NXDT -54 -22.0%
ONL -45 -100.0%
MAIN -38 -3.5%
GROW -33 -12.6%
AFCG -31 -26.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type