SMH Capital Advisors Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), SMH Capital Advisors Inc. reported 49 stock positions worth $32.7 million. Its top holding was Wisdomtree Investments (wt 3.25 06/15/26) at 30.6% of the portfolio, followed by Upstart Holdings Inc. (upst 0.25 08/15/26) (6.7%) and Ezcorp Inc. (ezpw 2.375 05/01/25) (5.7%). Compared with Q1 2024, it opened 11 new positions, sold out of 5, added to 5 and reduced 25. The biggest buy was a new position in Wisdomtree Investments (wt 3.25 06/15/26) and the biggest sale Compass Diversified (CODI, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001180391
- Portfolio Value
- $32.7M (Q2 2024)
- SEC Filing
- 0001085146-24-003718 ↗ filed Aug 12, 2024
Holdings Value
Holdings 49 stocks · $32.7M
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | 30.62% | 9,370,000 | $10.0M | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | 6.68% | 2,758,000 | $2.2M | New |
| EZCORP INC (EZPW 2.375 05/01/25) | 5.74% | 1,945,000 | $1.9M | New |
| WISDOMTREE INC (WT 5.75 08/15/28) | 5.47% | 1,460,000 | $1.8M | New |
| CODI Compass Diversified Holdings | 4.84% | 72,248 | $1.6M | Reduce -3.6% |
| APO Apollo Global Management Inc. | 4.07% | 11,274 | $1.3M | Reduce -4.8% |
| MAIN Main Street Capital Corp. | 3.08% | 19,910 | $1.0M | Add +11.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.46% | 28,018 | $802K | Add +69.2% |
| PNNT Pennantpark Investment Corp. | 2.39% | 103,393 | $781K | No change |
| CG The Carlyle Group Inc. | 1.95% | 15,845 | $636K | New |
| PSEC Prospect Capital Corp. | 1.71% | 101,304 | $560K | Reduce -0.0% |
| ENB Enbridge Inc. | 1.69% | 15,506 | $552K | New |
| T AT&T Inc. | 1.53% | 26,107 | $499K | Reduce -2.3% |
| VZ Verizon Communications Inc. | 1.49% | 11,817 | $487K | Reduce -5.0% |
| O Realty Income Corp. | 1.30% | 8,017 | $423K | Reduce -7.8% |
| CSWC Capital Southwest Corp. | 1.29% | 16,143 | $421K | Reduce -7.0% |
| MMM 3M Co. | 1.22% | 3,900 | $399K | Reduce -4.4% |
| RITM Rithm Capital Corp. | 1.17% | 34,968 | $382K | New |
| TRIN Trinity Capital Inc. | 1.08% | 24,891 | $352K | New |
| VWO Vanguard Ftse Emerging Marke | 1.03% | 7,684 | $336K | Add +0.1% |
| NXDT Nexpoint Diversified Real Es | 1.02% | 60,323 | $334K | Add +0.0% |
| EFA iShares MSCI Eafe ETF | 1.01% | 4,220 | $331K | Add +0.4% |
| JEF Jefferies Financial Group Inc. | 0.97% | 6,404 | $319K | Reduce -6.6% |
| AFCG Advanced Flower Capital Inc. filed as AFC GAMMA INC | 0.97% | 26,000 | $317K | No change |
| ADX Adams Diversified Equity | 0.96% | 14,572 | $313K | Reduce -8.3% |
| CSQ Calamos Strat TTL RTRN FND | 0.87% | 16,980 | $286K | Reduce -7.9% |
| VCTR Victory Capital Holding - A | 0.87% | 5,989 | $286K | Reduce -3.5% |
| XNIEX Virtus Equity & Convertible | 0.87% | 12,250 | $285K | Reduce -10.2% |
| GROW U.S. Global Investors Inc. Class A | 0.86% | 107,318 | $280K | Reduce -4.2% |
| HYT BlackRock Corp. Hi YLD | 0.86% | 28,847 | $280K | Reduce -9.1% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.84% | 26,257 | $275K | Reduce -8.7% |
| KHC The Kraft Heinz Co. | 0.81% | 8,169 | $263K | Reduce -4.9% |
| IIPR Innovative Industrial Proper | 0.80% | 2,390 | $261K | No change |
| BTZ BlackRock Credit Allocation | 0.78% | 23,868 | $256K | Reduce -9.5% |
| XGDVX Gabelli Dividend & Income TR | 0.71% | 10,195 | $232K | Reduce -7.3% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.70% | 9,818 | $229K | Reduce -7.4% |
| AAPL Apple Inc. | 0.64% | 991 | $209K | New |
| BIT BlackRock Multi-Sector Inc. | 0.60% | 13,419 | $196K | Reduce -8.4% |
| RQI Cohen & Steers Qual Inc. RLTY | 0.59% | 16,460 | $192K | Reduce -5.5% |
| WT Wisdomtree Inc. | 0.55% | 18,235 | $181K | Reduce -8.3% |
| XMUIX BlackRock Municipal Income | 0.44% | 11,669 | $144K | No change |
| EIM Eaton Vance Municipal Bond | 0.43% | 13,305 | $141K | No change |
| NAD Nuveen Quality Municipal Inc. | 0.43% | 11,844 | $139K | No change |
| AFB Allianceberstein NTL Muni | 0.42% | 12,313 | $137K | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.42% | 11,919 | $137K | No change |
| TEI Templeton Emrg MKTS Inc. | 0.37% | 22,691 | $121K | Reduce -8.5% |
| ONL Orion Properties Inc. filed as ORION OFFICE REIT INC | 0.35% | 31,629 | $114K | Reduce -6.1% |
| STANDARD BIOTOOLS INC (LAB 2.75 02/01/34) | 0.06% | 19,000 | $19K | New |
| HELLO GROUP INC (MOMO 1.25 07/01/25) | 0.03% | 10,000 | $10K | New |
Portfolio Sells Q1 2024 → Q2 2024
| CODI Compass Diversified Holdings | Reduce -3.6% | 4.84% | −6.79 |
| APO Apollo Global Management Inc. | Reduce -4.8% | 4.07% | −4.50 |
| PSEC Prospect Capital Corp. | Reduce -0.0% | 1.71% | −1.89 |
| VZ Verizon Communications Inc. | Reduce -5.0% | 1.49% | −1.87 |
| O Realty Income Corp. | Reduce -7.8% | 1.30% | −1.73 |
| MMM 3M Co. | Reduce -4.4% | 1.22% | −1.57 |
| T AT&T Inc. | Reduce -2.3% | 1.53% | −1.50 |
| CSWC Capital Southwest Corp. | Reduce -7.0% | 1.29% | −1.50 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −1.47 |
| HTD John Hancock Tax Adv DVD Inc. | Sold out | 0.00% | −1.33 |
| KHC The Kraft Heinz Co. | Reduce -4.9% | 0.81% | −1.24 |
| GROW U.S. Global Investors Inc. Class A | Reduce -4.2% | 0.86% | −1.15 |
| HYT BlackRock Corp. Hi YLD | Reduce -9.1% | 0.86% | −1.15 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -8.7% | 0.84% | −1.12 |
| XNIEX Virtus Equity & Convertible | Reduce -10.2% | 0.87% | −1.10 |
| CSQ Calamos Strat TTL RTRN FND | Reduce -7.9% | 0.87% | −1.07 |
| SLRC SLR Investment Corp. | Sold out | 0.00% | −1.05 |
| ADX Adams Diversified Equity | Reduce -8.3% | 0.96% | −1.04 |
| BTZ BlackRock Credit Allocation | Reduce -9.5% | 0.78% | −1.03 |
| JEF Jefferies Financial Group Inc. | Reduce -6.6% | 0.97% | −0.97 |
| XGDVX Gabelli Dividend & Income TR | Reduce -7.3% | 0.71% | −0.92 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -7.4% | 0.70% | −0.91 |
| BIT BlackRock Multi-Sector Inc. | Reduce -8.4% | 0.60% | −0.90 |
| VCTR Victory Capital Holding - A | Reduce -3.5% | 0.87% | −0.82 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -5.5% | 0.59% | −0.77 |
| WT Wisdomtree Inc. | Reduce -8.3% | 0.55% | −0.62 |
| FATAQ Fat Brands Inc. Class A | Sold out | 0.00% | −0.55 |
| TEI Templeton Emrg MKTS Inc. | Reduce -8.5% | 0.37% | −0.50 |
| MPT Medical Properties Trust Inc. | Sold out | 0.00% | −0.49 |
| ONL Orion Properties Inc. | Reduce -6.1% | 0.35% | −0.41 |
Portfolio Buys Q1 2024 → Q2 2024
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | New | 30.62% | +30.62 |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | New | 6.68% | +6.68 |
| EZCORP INC (EZPW 2.375 05/01/25) | New | 5.74% | +5.74 |
| WISDOMTREE INC (WT 5.75 08/15/28) | New | 5.47% | +5.47 |
| CG The Carlyle Group Inc. | New | 1.95% | +1.95 |
| ENB Enbridge Inc. | New | 1.69% | +1.69 |
| RITM Rithm Capital Corp. | New | 1.17% | +1.17 |
| TRIN Trinity Capital Inc. | New | 1.08% | +1.08 |
| AAPL Apple Inc. | New | 0.64% | +0.64 |
| STANDARD BIOTOOLS INC (LAB 2.75 02/01/34) | New | 0.06% | +0.06 |
| HELLO GROUP INC (MOMO 1.25 07/01/25) | New | 0.03% | +0.03 |
| VICI Vici Properties Inc. | Add +69.2% | 2.46% | −0.72 |
| VWO Vanguard Ftse Emerging Marke | Add +0.1% | 1.03% | −1.04 |
| EFA iShares MSCI Eafe ETF | Add +0.4% | 1.01% | −1.15 |
| NXDT Nexpoint Diversified Real Es | Add +0.0% | 1.02% | −1.54 |
| MAIN Main Street Capital Corp. | Add +11.5% | 3.08% | −2.36 |
Notes & Other Activity Q1 2024 → Q2 2024
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | Sold out | 9,400,000 | $9.8Mbefore exit |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Sold out | 12,712,000 | $7.9Mbefore exit |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | Sold out | 1,992,000 | $2.0Mbefore exit |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Sold out | 2,407,000 | $1.9Mbefore exit |
| STANDARD BIOTOOLS INC (LAB 2.75 02/01/34) | NOTE 2.750% 2/0 · principal | Sold out | 19,000 | $19Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |