Sanders Morris Harris LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Sanders Morris Harris LLC reported 276 stock positions worth $640.9 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 18.6% of the portfolio, followed by Blackstone (BX, 11.6%) and Capital Southwest (CSWC, 5.0%). Compared with Q4 2024, it opened 19 new positions, sold out of 23, added to 38 and reduced 46. The biggest buy was Capital Southwest (CSWC, shares +76%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- Houston, TX
- CIK
- 0001053994
- Portfolio Value
- $640.9M (Q1 2025)
- SEC Filing
- 0001085146-25-001935 ↗ filed Apr 9, 2025
Holdings Value
Holdings 276 stocks · $640.9M
| QQQ Invesco QQQ Trust Series 1 | 18.64% | 254,526 | $119.5M | Add +9.8% |
| BX Blackstone Inc. | 11.61% | 531,780 | $74.4M | Add +4.3% |
| CSWC Capital Southwest Corp. | 4.99% | 1,433,064 | $32.0M | Add +75.9% |
| EPD Enterprise Products Partners | 4.49% | 842,507 | $28.8M | Reduce -1.1% |
| AAPL Apple Inc. | 3.79% | 108,916 | $24.3M | Reduce -0.5% |
| NVDA Nvidia Corp. | 3.29% | 191,821 | $21.1M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.46% | 28,115 | $15.8M | Add +21.1% |
| MAIN Main Street Capital Corp. | 1.83% | 207,274 | $11.7M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 1.74% | 70,971 | $11.1M | Add +806.6% |
| CTAS Cintas Corp. | 1.60% | 49,442 | $10.3M | Reduce -0.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.25% | 192,400 | $8.0M | Reduce -11.6% |
| AVGO Broadcom Inc. | 1.23% | 46,850 | $7.9M | Add +124.7% |
| LLY Eli Lilly & Co. | 1.20% | 9,381 | $7.7M | Reduce -3.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.12% | 9 | $7.2M | No change |
| GS Goldman Sachs Group Inc. | 1.01% | 11,782 | $6.5M | Add +103.8% |
| IWF iShares Russell 1000 Growth | 0.93% | 16,483 | $6.0M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.88% | 47,177 | $5.6M | Reduce -7.7% |
| MRVL Marvell Technology Inc. | 0.80% | 82,273 | $5.2M | Add +4013.7% |
| MSFT Microsoft Corp. | 0.78% | 13,112 | $5.0M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 0.76% | 19,984 | $4.9M | No change |
| IWN iShares Russell 2000 Value E | 0.75% | 31,702 | $4.8M | Add +0.5% |
| DDOG Datadog Inc. Class A | 0.73% | 46,258 | $4.7M | Add +450.0% |
| ABBV Abbvie Inc. | 0.72% | 22,431 | $4.6M | Reduce -0.4% |
| RSVR Reservoir Media Inc. | 0.72% | 605,009 | $4.6M | Reduce -1.9% |
| NOW ServiceNow Inc. | 0.70% | 5,554 | $4.5M | Add +426.9% |
| PANW Palo Alto Networks Inc. | 0.70% | 26,254 | $4.5M | Add +1993.6% |
| HPK Highpeak Energy Inc. | 0.70% | 353,546 | $4.5M | Reduce -2.2% |
| VOXR Vox Royalty Corp. | 0.64% | 1,400,903 | $4.1M | No change |
| TGT Target Corp. | 0.62% | 38,291 | $4.0M | Add +1063.5% |
| ELAN Elanco Animal Health Inc. | 0.56% | 342,360 | $3.6M | Add +31.4% |
| QLYS Qualys Inc. | 0.56% | 27,665 | $3.6M | New |
| AMD Advanced Micro Devices | 0.52% | 32,631 | $3.4M | Reduce -32.0% |
| V Visa Inc. Class A | 0.52% | 9,548 | $3.3M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 0.52% | 20,857 | $3.3M | No change |
| AMZN Amazon.com Inc. | 0.51% | 16,987 | $3.3M | No change |
| PR Permian Resources Corp. Class A | 0.48% | 224,079 | $3.1M | No change |
| LRCX Lam Research Corp. | 0.48% | 42,420 | $3.1M | No change |
| META Meta Platforms Inc. Class A | 0.46% | 5,078 | $3.0M | No change |
| FYBR Frontier Communications Pare | 0.46% | 81,777 | $2.9M | No change |
| INTU Intuit Inc. | 0.44% | 4,576 | $2.8M | No change |
| ORCL Oracle Corp. | 0.43% | 19,485 | $2.8M | No change |
| MULTISENSOR AI HOLDINGS INC | 0.40% | 2,772,725 | $2.6M | Reduce -15.5% |
| MA Mastercard Inc. Class A | 0.40% | 4,696 | $2.6M | No change |
| PM Philip Morris International | 0.40% | 16,113 | $2.5M | No change |
| IVV iShares Core S&P 500 ETF | 0.40% | 4,496 | $2.5M | Add +10.6% |
| ANET Arista Networks Inc. | 0.37% | 30,400 | $2.4M | New |
| MCK McKesson Corp. | 0.35% | 3,370 | $2.3M | No change |
| MSI Motorola Solutions Inc. | 0.32% | 4,735 | $2.1M | No change |
| LOW Lowe's Cos Inc. | 0.30% | 8,267 | $1.9M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 10,804 | $1.9M | Reduce -76.9% |
| CRM Salesforce Inc. | 0.26% | 6,061 | $1.6M | No change |
| HD Home Depot Inc. | 0.25% | 4,432 | $1.6M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 0.25% | 9,515 | $1.6M | Reduce -7.9% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 7,973 | $1.6M | No change |
| ET Energy Transfer LP | 0.25% | 85,198 | $1.6M | Reduce -2.3% |
| MDLZ Mondelez International Inc. Class A | 0.24% | 23,054 | $1.6M | No change |
| T AT&T Inc. | 0.23% | 52,160 | $1.5M | Reduce -3.7% |
| ECL Ecolab Inc. | 0.23% | 5,752 | $1.5M | No change |
| ADBE Adobe Inc. | 0.22% | 3,654 | $1.4M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 14,282 | $1.4M | No change |
| KNSL Kinsale Capital Group Inc. | 0.22% | 2,850 | $1.4M | No change |
| KR Kroger Co. | 0.21% | 20,000 | $1.4M | No change |
| SHIM Shimmick Corp. | 0.21% | 742,941 | $1.3M | Add +4.3% |
| TSLA Tesla Inc. | 0.21% | 5,105 | $1.3M | Add +74.2% |
| AMGN Amgen Inc. | 0.21% | 4,292 | $1.3M | No change |
| HCA HCA Healthcare Inc. | 0.20% | 3,781 | $1.3M | No change |
| WMT Walmart Inc. | 0.20% | 14,607 | $1.3M | No change |
| KMI Kinder Morgan Inc. | 0.19% | 43,572 | $1.2M | Reduce -14.7% |
| RTX RTX Corp. | 0.19% | 9,370 | $1.2M | No change |
| WDAY Workday Inc. Class A | 0.19% | 5,262 | $1.2M | No change |
| TXN Texas Instruments Inc. | 0.19% | 6,707 | $1.2M | No change |
| KLAC KLA Corp. | 0.19% | 1,750 | $1.2M | No change |
| CI The Cigna Group | 0.18% | 3,493 | $1.2M | No change |
| QURE Uniqure NV | 0.18% | 114,887 | $1.1M | Add +12.5% |
| OKE Oneok Inc. | 0.17% | 11,230 | $1.1M | Reduce -7.0% |
| CP Canadian Pacific Kansas City | 0.17% | 15,604 | $1.1M | No change |
| JNJ Johnson & Johnson | 0.17% | 6,945 | $1.1M | No change |
| GENK Gen Restaurant Group Inc. | 0.17% | 199,490 | $1.1M | Reduce -9.3% |
| MO Altria Group Inc. | 0.17% | 18,527 | $1.1M | Add +20.9% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 18,107 | $1.1M | Reduce -0.2% |
| COP Conocophillips | 0.17% | 10,224 | $1.1M | No change |
| ARGX Argenx SE - ADR | 0.16% | 1,830 | $1.0M | No change |
| RMD Resmed Inc. | 0.16% | 4,600 | $1.0M | No change |
| TTWO Take-Two Interactive Softwre | 0.16% | 4,860 | $1.0M | No change |
| ABT Abbott Laboratories | 0.16% | 7,713 | $1.0M | No change |
| AXP American Express Co. | 0.16% | 3,731 | $1.0M | Reduce -4.1% |
| PCT Purecycle Technologies Inc. | 0.16% | 147,694 | $1.0M | Reduce -7.5% |
| IGV iShares Expanded Tech-Softwa | 0.16% | 11,150 | $1.0M | Add +8.8% |
| BLK BlackRock Inc. | 0.15% | 1,046 | $990K | No change |
| MRUS Merus NV | 0.15% | 24,870 | $985K | No change |
| X United States Steel Corp. | 0.15% | 23,184 | $978K | Reduce -54.5% |
| CADE Cadence Bank | 0.15% | 31,864 | $967K | No change |
| SNOW Snowflake Inc. | 0.15% | 6,500 | $950K | Reduce -18.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.15% | 12,929 | $940K | No change |
| GD General Dynamics Corp. | 0.15% | 3,400 | $931K | No change |
| VZ Verizon Communications Inc. | 0.14% | 20,364 | $924K | Reduce -2.4% |
| SNYRQ Synergy CHC Corp. | 0.14% | 391,485 | $920K | Add +3.4% |
| FDX FedEx Corp. | 0.14% | 3,760 | $911K | No change |
| ALNY Alnylam Pharmaceuticals Inc. | 0.14% | 3,500 | $895K | No change |
| GLP Global Partners LP | 0.14% | 16,500 | $881K | No change |
Other holdings (12): bonds, preferreds, convertibles and warrants · $6.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 69,865 | $3.2M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 47,583 | $2.8M | New |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 231,650 | $289K | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 6,000 | $266K | No change |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 16,665 | $60K | No change |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 107,403 | $22K | No change |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 25,000 | $4K | No change |
| CLSKW Cleanspark Inc.-29 | *W EXP 12/29/202 | 14,500 | $3K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 46,666 | $448 | No change |
| ANGHW Anghami Inc. -CW27 | *W EXP 02/03/202 | 33,333 | $377 | No change |
| AIIOW NWTN Inc. -CW27 | *W EXP 11/11/202 | 10,000 | $228 | No change |
| LFLYW Merida Merger Corp. I -CW26 | *W EXP 02/04/202 | 15,000 | $102 | No change |
Total filed on the 13F, all lines: $647.4M.
Portfolio Sells Q4 2024 → Q1 2025
| RSP Invesco S&P 500 Equal Weight | Reduce -76.9% | 0.29% | −0.94 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.93 |
| EQWL Invesco S&P 100 Equal Weight | Reduce -95.5% | 0.04% | −0.88 |
| NVDA Nvidia Corp. | Reduce -2.0% | 3.29% | −0.67 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.59 |
| MULTISENSOR AI HOLDINGS INC | Reduce -15.5% | 0.40% | −0.56 |
| BA The Boeing Co. | Reduce -83.0% | 0.10% | −0.53 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.50 |
| DVYE iShares Emerging Markets Div | Sold out | 0.00% | −0.44 |
| DTH Wisdomtree International Hig | Sold out | 0.00% | −0.43 |
| EMLC Vaneck JPM Em Local Curr BND | Sold out | 0.00% | −0.42 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.42 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.40 |
| AAPL Apple Inc. | Reduce -0.5% | 3.79% | −0.36 |
| AMD Advanced Micro Devices | Reduce -32.0% | 0.52% | −0.35 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.32 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.22 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.12 |
| IWF iShares Russell 1000 Growth | Reduce -2.7% | 0.93% | −0.11 |
| RSVR Reservoir Media Inc. | Reduce -1.9% | 0.72% | −0.10 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −0.10 |
| X United States Steel Corp. | Reduce -54.5% | 0.15% | −0.10 |
| HPK Highpeak Energy Inc. | Reduce -2.2% | 0.70% | −0.09 |
| PCT Purecycle Technologies Inc. | Reduce -7.5% | 0.16% | −0.09 |
| GENK Gen Restaurant Group Inc. | Reduce -9.3% | 0.17% | −0.07 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.0% | 0.78% | −0.06 |
| FIGS Figs Inc. Class A | Reduce -4.7% | 0.13% | −0.04 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.04 |
| PGEN Precigen Inc. | Sold out | 0.00% | −0.04 |
| SNOW Snowflake Inc. | Reduce -18.8% | 0.15% | −0.04 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -23.2% | 0.10% | −0.04 |
| JYNT The Joint Corp. | Sold out | 0.00% | −0.03 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.03 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.03 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.03 |
| BTMD Biote Corp. Class A | Reduce -9.4% | 0.03% | −0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.02 |
| AXP American Express Co. | Reduce -4.1% | 0.16% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -14.7% | 0.19% | −0.02 |
| HD Home Depot Inc. | Reduce -2.2% | 0.25% | −0.01 |
| VGAS Verde Clean Fuels Inc. | Reduce -7.9% | 0.04% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -1.4% | 0.08% | −0.01 |
| OKE Oneok Inc. | Reduce -7.0% | 0.17% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -7.9% | 0.25% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -22.3% | 0.03% | −0.01 |
| ET Energy Transfer LP | Reduce -2.3% | 0.25% | −0.01 |
| EXTOY Almacenes Exito SA-ADR | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| CSWC Capital Southwest Corp. | Add +75.9% | 4.99% | +2.35 |
| GOOGL Alphabet Inc. Class A | Add +806.6% | 1.74% | +1.51 |
| MRVL Marvell Technology Inc. | Add +4013.7% | 0.80% | +0.77 |
| PANW Palo Alto Networks Inc. | Add +1993.6% | 0.70% | +0.67 |
| TGT Target Corp. | Add +1063.5% | 0.62% | +0.56 |
| QLYS Qualys Inc. | New | 0.56% | +0.56 |
| DDOG Datadog Inc. Class A | Add +450.0% | 0.73% | +0.55 |
| NOW ServiceNow Inc. | Add +426.9% | 0.70% | +0.54 |
| GS Goldman Sachs Group Inc. | Add +103.8% | 1.01% | +0.51 |
| AVGO Broadcom Inc. | Add +124.7% | 1.23% | +0.51 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.8% | 18.64% | +0.48 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +21.1% | 2.46% | +0.42 |
| ANET Arista Networks Inc. | New | 0.37% | +0.37 |
| ELAN Elanco Animal Health Inc. | Add +31.4% | 0.56% | +0.09 |
| GLD SPDR Gold Shares | New | 0.07% | +0.07 |
| ALB Albemarle Corp. | New | 0.06% | +0.06 |
| MO Altria Group Inc. | Add +20.9% | 0.17% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | Add +181.7% | 0.08% | +0.05 |
| MAIN Main Street Capital Corp. | Add +0.7% | 1.83% | +0.04 |
| FNV Franco-Nevada Corp. | New | 0.04% | +0.04 |
| FMC FMC Corp. | New | 0.04% | +0.04 |
| DINO HF Sinclair Corp. | New | 0.04% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | Add +48.6% | 0.11% | +0.04 |
| EIX Edison International | New | 0.04% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +10.6% | 0.40% | +0.03 |
| NVS Novartis AG-Sponsored ADR | New | 0.03% | +0.03 |
| MCHI iShares MSCI China ETF | New | 0.03% | +0.03 |
| CVX Chevron Corp. | New | 0.03% | +0.03 |
| WASH Washington Trust Bancorp | New | 0.03% | +0.03 |
| CCI Crown Castle Inc. | New | 0.03% | +0.03 |
| SO The Southern Co. | New | 0.03% | +0.03 |
| BF.B Brown-Forman Corp. Class B | New | 0.03% | +0.03 |
| SEVN Seven Hills Realty Trust | New | 0.03% | +0.03 |
| AOMR Angel Oak Mortgage REIT Inc. | New | 0.02% | +0.02 |
| MQ Marqeta Inc. | New | 0.02% | +0.02 |
| F Ford Motor Co. | Add +39.7% | 0.07% | +0.02 |
| TSLA Tesla Inc. | Add +74.2% | 0.21% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +15.6% | 0.05% | +0.01 |
| FUBO Fubotv Inc. | New | 0.01% | +0.01 |
| NKE Nike Inc. Class B | Add +23.1% | 0.05% | +0.00 |
| RTAI Rareview Tax Advantaged Inco | Add +1.3% | 0.07% | +0.00 |
| IGV iShares Expanded Tech-Softwa | Add +8.8% | 0.16% | +0.00 |
| ESPR Esperion Therapeutics Inc. | Add +80.8% | 0.00% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +7.5% | 0.05% | +0.00 |
| KOS Kosmos Energy Ltd. | Add +41.7% | 0.01% | +0.00 |
| DEO Diageo PLC-Sponsored ADR | Add +13.3% | 0.04% | −0.00 |
| LUNR Intuitive Machines Inc. | Add +99.0% | 0.06% | −0.01 |
| ETN Eaton Corp. PLC | Add +5.0% | 0.09% | −0.01 |
| RKLB Rocket Lab USA Inc. | Add +22.4% | 0.10% | −0.02 |
| ASPN Aspen Aerogels Inc. | Add +14.3% | 0.04% | −0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 47,583 | $2.8M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 75 | $172.4M | MSIF, CSWC, AAPL, BX, XOM |
| Q1 2026 | 288 | $618.2M | QQQ, AAPL, NVDA, EPD, CSWC |
| Q4 2025 | 34 | $64.7M | QQQ, VOXR, BABA, JBS, SLB |
| Q3 2025 | 297 | $748.7M | QQQ, BX, NVDA, CSWC, AAPL |
| Q2 2025 | 160 | $418.4M | QQQ, BX, CSWC, EPD, MSIF |
| Q1 2025 | 276 | $640.9M | QQQ, BX, CSWC, EPD, AAPL |
| Q4 2024 | 280 | $666.0M | QQQ, BX, AAPL, EPD, NVDA |
| Q3 2024 | 273 | $602.5M | QQQ, BX, AAPL, NVDA, EPD |
| Q2 2024 | 272 | $608.6M | QQQ, BX, AAPL, NVDA, CSWC |
| Q1 2024 | 260 | $544.7M | QQQ, BX, AAPL, NVDA, CSWC |