SMH Capital Advisors Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), SMH Capital Advisors Inc. reported 54 stock positions worth $25.5 million. Its top holding was Trinity Capital (TRIN) at 11.9% of the portfolio, followed by Capital Southwest (CSWC, 7.5%) and Vici Properties (VICI, 5.6%). Compared with Q1 2026, it opened 6 new positions, sold out of 8, added to 29 and reduced 11. The biggest buy was Alphatec Holdings Inc. (atec 0.75 03/15/30) (shares +108%) and the biggest sale Capital Southwest Corp. (cswc 5.125 11/15/29) (shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001180391
- Portfolio Value
- $25.5M (Q2 2026)
- SEC Filing
- 0001180391-26-000004 ↗ filed Aug 13, 2026
Holdings Value
Holdings 54 stocks · $25.5M
| TRIN Trinity Capital Inc. | 11.94% | 170,293 | $3.0M | Reduce -0.5% |
| CSWC Capital Southwest Corp. | 7.46% | 80,072 | $1.9M | Add +2.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 5.56% | 53,471 | $1.4M | Add +9.4% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | 5.42% | 1,453,000 | $1.4M | Add +107.6% |
| MAIN Main Street Capital Corp. | 4.45% | 21,907 | $1.1M | Add +16.0% |
| SM SM Energy Co. | 3.83% | 37,399 | $976K | Reduce -0.1% |
| HTGC Hercules Capital Inc. | 3.68% | 59,466 | $938K | Add +44.8% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | 3.60% | 883,000 | $918K | Reduce -92.3% |
| OWL Blue Owl Capital Inc. | 3.52% | 102,489 | $897K | Add +17.7% |
| CG The Carlyle Group Inc. | 3.07% | 18,627 | $784K | Reduce -1.1% |
| WISDOMTREE INC (WT 3.25 08/15/29) | 2.93% | 496,000 | $747K | Reduce -9.5% |
| IIPR Innovative Industrial Proper | 2.43% | 10,000 | $620K | Add +104.5% |
| RITM Rithm Capital Corp. | 2.42% | 65,630 | $616K | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.36% | 806 | $602K | Reduce -1.7% |
| ARCC Ares Capital Corp. | 1.82% | 25,003 | $463K | Add +127.3% |
| VWO Vanguard Ftse Emerging Marke | 1.80% | 7,688 | $459K | Add +0.0% |
| EFA iShares MSCI Eafe ETF | 1.74% | 4,282 | $445K | Add +0.3% |
| F Ford Motor Co. filed as FORD MTR CO | 1.70% | 31,278 | $435K | New |
| LYFT INC (LYFT 0.625 03/01/29) | 1.60% | 390,000 | $408K | Add +95.0% |
| WT Wisdomtree Inc. | 1.45% | 21,888 | $371K | Add +15.8% |
| ADX Adams Diversified Equity | 1.33% | 13,282 | $339K | Add +1.0% |
| RWAY Runway Growth Finance Corp. | 1.25% | 56,770 | $318K | Add +305.5% |
| EZPW Ezcorp Inc. Class A | 1.24% | 9,142 | $316K | No change |
| CSQ Calamos Strat TTL RTRN FND | 1.23% | 15,250 | $314K | Add +3.1% |
| NXDT Nexpoint Diversified Real Es | 1.22% | 59,797 | $310K | Add +2.3% |
| XNIEX Virtus Equity & Convertible | 1.16% | 10,998 | $295K | Add +1.9% |
| XGDVX Gabelli Dividend & Income TR | 1.08% | 9,399 | $276K | Add +3.5% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 1.01% | 9,347 | $259K | Add +3.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.01% | 349 | $257K | No change |
| XAWFX Alliancebernstein GL Hi Inc. | 1.00% | 24,789 | $255K | Add +1.1% |
| HYT BlackRock Corp. Hi YLD | 0.92% | 27,372 | $234K | Add +2.7% |
| DKS Dick's Sporting Goods Inc. | 0.91% | 1,027 | $233K | Reduce -49.5% |
| HTD John Hancock Tax Adv DVD Inc. filed as HANCOCK JOHN TAX-ADVANTAGED | 0.91% | 9,128 | $233K | Add +4.4% |
| CGBD Carlyle Secured Lending Inc. | 0.91% | 21,946 | $231K | Reduce -0.9% |
| BTZ BlackRock Credit Allocation | 0.89% | 22,212 | $227K | Add +0.5% |
| APO Apollo Global Management Inc. | 0.88% | 1,898 | $225K | Add +0.1% |
| OBDC Blue Owl Capital Corp. | 0.85% | 20,049 | $218K | Add +90.9% |
| BXSL Blackstone Secured Lending F | 0.81% | 8,662 | $205K | New |
| PSBD Palmer Square Capital BDC Inc. | 0.79% | 19,447 | $203K | New |
| SLRC SLR Investment Corp. | 0.76% | 15,714 | $194K | New |
| RQI Cohen & Steers Qual Inc. RLTY | 0.74% | 15,422 | $190K | Add +3.1% |
| CCAP Crescent Capital BDC Inc. | 0.66% | 15,527 | $170K | Add +3.5% |
| BIT BlackRock Multi-Sector Inc. | 0.65% | 13,249 | $166K | Add +2.6% |
| TEI Templeton Emrg MKTS Inc. | 0.58% | 22,054 | $149K | Add +5.0% |
| NAD Nuveen Quality Municipal Inc. | 0.56% | 11,715 | $142K | No change |
| AFB Allianceberstein NTL Muni | 0.55% | 12,204 | $139K | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.54% | 11,798 | $139K | No change |
| EIM Eaton Vance Municipal Bond | 0.52% | 13,213 | $132K | No change |
| GROW U.S. Global Investors Inc. Class A | 0.49% | 40,191 | $125K | Reduce -2.2% |
| SLQT Selectquote Inc. | 0.38% | 116,656 | $98K | Reduce -1.1% |
| TPVG Triplepoint Venture Growth B | 0.38% | 19,494 | $96K | New |
| CION Cion Investment Corp. | 0.36% | 14,600 | $91K | No change |
| TCPC BlackRock TCP Capital Corp. | 0.33% | 24,717 | $83K | New |
| AFCG Advanced Flower Capital Inc. | 0.32% | 26,000 | $81K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | Reduce -92.3% | 3.60% | −29.24 |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | Sold out | 0.00% | −3.57 |
| PSEC Prospect Capital Corp. | Sold out | 0.00% | −3.15 |
| MARA HOLDINGS INC (MARA 0 06/01/31) | Sold out | 0.00% | −1.30 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.90 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.59 |
| HPK Highpeak Energy Inc. | Sold out | 0.00% | −0.55 |
| BLACKLINE INC (BL 1 06/01/29) | Sold out | 0.00% | −0.53 |
| NMFC New Mountain Finance Corp. | Sold out | 0.00% | −0.26 |
| DKS Dick's Sporting Goods Inc. | Reduce -49.5% | 0.91% | −0.23 |
| SLQT Selectquote Inc. | Reduce -1.1% | 0.38% | +0.17 |
| GROW U.S. Global Investors Inc. Class A | Reduce -2.2% | 0.49% | +0.20 |
| CGBD Carlyle Secured Lending Inc. | Reduce -0.9% | 0.91% | +0.22 |
| CG The Carlyle Group Inc. | Reduce -1.1% | 3.07% | +0.50 |
| SM SM Energy Co. | Reduce -0.1% | 3.83% | +0.52 |
| RITM Rithm Capital Corp. | Reduce -0.5% | 2.42% | +0.65 |
| WISDOMTREE INC (WT 3.25 08/15/29) | Reduce -9.5% | 2.93% | +0.82 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 2.36% | +0.85 |
| TRIN Trinity Capital Inc. | Reduce -0.5% | 11.94% | +4.82 |
Portfolio Buys Q1 2026 → Q2 2026
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | Add +107.6% | 5.42% | +3.40 |
| CSWC Capital Southwest Corp. | Add +2.2% | 7.46% | +2.56 |
| HTGC Hercules Capital Inc. | Add +44.8% | 3.68% | +1.96 |
| VICI Vici Properties Inc. | Add +9.4% | 5.56% | +1.79 |
| IIPR Innovative Industrial Proper | Add +104.5% | 2.43% | +1.74 |
| F Ford Motor Co. | New | 1.70% | +1.70 |
| MAIN Main Street Capital Corp. | Add +16.0% | 4.45% | +1.63 |
| OWL Blue Owl Capital Inc. | Add +17.7% | 3.52% | +1.27 |
| ARCC Ares Capital Corp. | Add +127.3% | 1.82% | +1.26 |
| LYFT INC (LYFT 0.625 03/01/29) | Add +95.0% | 1.60% | +1.03 |
| RWAY Runway Growth Finance Corp. | Add +305.5% | 1.25% | +0.98 |
| BXSL Blackstone Secured Lending F | New | 0.81% | +0.81 |
| PSBD Palmer Square Capital BDC Inc. | New | 0.79% | +0.79 |
| SLRC SLR Investment Corp. | New | 0.76% | +0.76 |
| WT Wisdomtree Inc. | Add +15.8% | 1.45% | +0.68 |
| VWO Vanguard Ftse Emerging Marke | Add +0.0% | 1.80% | +0.62 |
| EFA iShares MSCI Eafe ETF | Add +0.3% | 1.74% | +0.57 |
| OBDC Blue Owl Capital Corp. | Add +90.9% | 0.85% | +0.53 |
| ADX Adams Diversified Equity | Add +1.0% | 1.33% | +0.52 |
| CSQ Calamos Strat TTL RTRN FND | Add +3.1% | 1.23% | +0.51 |
| XNIEX Virtus Equity & Convertible | Add +1.9% | 1.16% | +0.45 |
| NXDT Nexpoint Diversified Real Es | Add +2.3% | 1.22% | +0.44 |
| XGDVX Gabelli Dividend & Income TR | Add +3.5% | 1.08% | +0.39 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Add +3.9% | 1.01% | +0.39 |
| TPVG Triplepoint Venture Growth B | New | 0.38% | +0.38 |
| TCPC BlackRock TCP Capital Corp. | New | 0.33% | +0.33 |
| HTD John Hancock Tax Adv DVD Inc. | Add +4.4% | 0.91% | +0.30 |
| XAWFX Alliancebernstein GL Hi Inc. | Add +1.1% | 1.00% | +0.30 |
| APO Apollo Global Management Inc. | Add +0.1% | 0.88% | +0.28 |
| HYT BlackRock Corp. Hi YLD | Add +2.7% | 0.92% | +0.28 |
| BTZ BlackRock Credit Allocation | Add +0.5% | 0.89% | +0.26 |
| RQI Cohen & Steers Qual Inc. RLTY | Add +3.1% | 0.74% | +0.23 |
| TEI Templeton Emrg MKTS Inc. | Add +5.0% | 0.58% | +0.23 |
| BIT BlackRock Multi-Sector Inc. | Add +2.6% | 0.65% | +0.19 |
| CCAP Crescent Capital BDC Inc. | Add +3.5% | 0.66% | +0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 54 | $25.5M | TRIN, CSWC, VICI, ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30), MAIN |
| Q1 2026Amended | 56 | $35.4M | CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), TRIN, CSWC, VICI, RIOT PLATFORMS INC (RIOT 0.75 01/15/30) |
| Q4 2025 | 55 | $49.1M | CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), WISDOMTREE INVESTMENTS (WT 3.25 06/15/26), TRIN, SPHY, CSWC |
| Q3 2025 | 51 | $49.0M | CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), WISDOMTREE INVESTMENTS (WT 3.25 06/15/26), SPHY, TRIN, CSWC |
| Q2 2025 | 46 | $44.1M | CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), WISDOMTREE INVESTMENTS (WT 3.25 06/15/26), TRIN, WISDOMTREE INC (WT 5.75 08/15/28), SPHY |
| Q1 2025 | 45 | $43.0M | CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), WISDOMTREE INVESTMENTS (WT 3.25 06/15/26), TRIN, EZCORP INC (EZPW 2.375 05/01/25), WISDOMTREE INC (WT 5.75 08/15/28) |
| Q4 2024 | 45 | $41.4M | WISDOMTREE INVESTMENTS (WT 3.25 06/15/26), CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), TRIN, EZCORP INC (EZPW 2.375 05/01/25), WISDOMTREE INC (WT 5.75 08/15/28) |
| Q3 2024 | 43 | $16.2M | APO, MAIN, VICI, PSEC, CG |
| Q2 2024 | 49 | $32.7M | WISDOMTREE INVESTMENTS (WT 3.25 06/15/26), UPSTART HOLDINGS INC (UPST 0.25 08/15/26), EZCORP INC (EZPW 2.375 05/01/25), WISDOMTREE INC (WT 5.75 08/15/28), CODI |
| Q1 2024 | 43 | $15.5M | CODI, APO, MAIN, PNNT, PSEC |