SMH Capital Advisors Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), SMH Capital Advisors Inc. reported 43 stock positions worth $16.2 million. Its top holding was Apollo Global Management (APO) at 8.3% of the portfolio, followed by Main Street Capital (MAIN, 5.9%) and Vici Properties (VICI, 5.6%). Compared with Q2 2024, it opened 3 new positions, sold out of 9, added to 6 and reduced 26. The biggest buy was Prospect Capital (PSEC, shares +44%) and the biggest sale an exit from Wisdomtree Investments (wt 3.25 06/15/26).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001180391
- Portfolio Value
- $16.2M (Q3 2024)
- SEC Filing
- 0001085146-24-005467 ↗ filed Nov 8, 2024
Holdings Value
Holdings 43 stocks · $16.2M
| APO Apollo Global Management Inc. | 8.35% | 10,805 | $1.3M | Reduce -4.2% |
| MAIN Main Street Capital Corp. | 5.90% | 19,039 | $955K | Reduce -4.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 5.62% | 27,275 | $909K | Reduce -2.6% |
| PSEC Prospect Capital Corp. | 4.82% | 145,605 | $779K | Add +43.7% |
| CG The Carlyle Group Inc. | 4.25% | 15,952 | $687K | Add +0.7% |
| TRIN Trinity Capital Inc. | 3.95% | 47,081 | $639K | Add +89.2% |
| T AT&T Inc. | 3.91% | 28,745 | $632K | Add +10.1% |
| ENB Enbridge Inc. | 3.67% | 14,630 | $594K | Reduce -5.7% |
| VZ Verizon Communications Inc. | 3.21% | 11,542 | $518K | Reduce -2.3% |
| O Realty Income Corp. | 3.10% | 7,901 | $501K | Reduce -1.4% |
| HASI Ha Sustainable Infrastructur | 2.99% | 14,043 | $484K | New |
| PNNT Pennantpark Investment Corp. | 2.95% | 68,210 | $477K | Reduce -34.0% |
| CSWC Capital Southwest Corp. | 2.49% | 15,946 | $403K | Reduce -1.2% |
| RITM Rithm Capital Corp. | 2.39% | 34,038 | $386K | Reduce -2.7% |
| VWO Vanguard Ftse Emerging Marke | 2.28% | 7,689 | $368K | Add +0.1% |
| NXDT Nexpoint Diversified Real Es | 2.27% | 58,624 | $366K | Reduce -2.8% |
| EFA iShares MSCI Eafe ETF | 2.18% | 4,220 | $353K | No change |
| IIPR Innovative Industrial Proper | 1.99% | 2,390 | $322K | No change |
| VCTR Victory Capital Holding - A | 1.88% | 5,494 | $304K | Reduce -8.3% |
| ADX Adams Diversified Equity | 1.83% | 13,728 | $296K | Reduce -5.8% |
| KHC The Kraft Heinz Co. | 1.75% | 8,038 | $282K | Reduce -1.6% |
| XAWFX Alliancebernstein GL Hi Inc. | 1.73% | 24,725 | $280K | Reduce -5.8% |
| CSQ Calamos Strat TTL RTRN FND | 1.71% | 15,981 | $277K | Reduce -5.9% |
| HYT BlackRock Corp. Hi YLD | 1.69% | 27,117 | $273K | Reduce -6.0% |
| GROW U.S. Global Investors Inc. Class A | 1.67% | 104,787 | $270K | Reduce -2.4% |
| AFCG Advanced Flower Capital Inc. filed as AFC GAMMA INC | 1.64% | 26,000 | $265K | No change |
| XNIEX Virtus Equity & Convertible | 1.61% | 11,330 | $261K | Reduce -7.5% |
| BTZ BlackRock Credit Allocation | 1.57% | 22,466 | $253K | Reduce -5.9% |
| XGDVX Gabelli Dividend & Income TR | 1.46% | 9,671 | $236K | Reduce -5.1% |
| AAPL Apple Inc. | 1.45% | 1,004 | $234K | Add +1.3% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 1.43% | 9,349 | $231K | Reduce -4.8% |
| RQI Cohen & Steers Qual Inc. RLTY | 1.36% | 15,556 | $220K | Reduce -5.5% |
| HTD John Hancock Tax Adv DVD Inc. filed as HANCOCK JOHN TAX-ADVANTAGED | 1.32% | 9,209 | $214K | New |
| CIVI Civitas Resources Inc. | 1.28% | 4,093 | $207K | New |
| BIT BlackRock Multi-Sector Inc. | 1.21% | 12,877 | $196K | Reduce -4.0% |
| WT Wisdomtree Inc. | 1.07% | 17,397 | $174K | Reduce -4.6% |
| XMUIX BlackRock Municipal Income | 0.91% | 11,669 | $147K | No change |
| NAD Nuveen Quality Municipal Inc. | 0.91% | 11,844 | $147K | No change |
| AFB Allianceberstein NTL Muni | 0.90% | 12,313 | $145K | No change |
| EIM Eaton Vance Municipal Bond | 0.89% | 13,305 | $143K | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.88% | 11,919 | $143K | No change |
| TEI Templeton Emrg MKTS Inc. | 0.78% | 21,590 | $126K | Reduce -4.8% |
| ONL Orion Properties Inc. filed as ORION OFFICE REIT INC | 0.74% | 29,957 | $120K | Reduce -5.3% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $16.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 9,364,000 | $10.1M | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 2,755,000 | $2.4M | New |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 1,907,000 | $1.9M | New |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | 1,457,000 | $1.8M | New |
Total filed on the 13F, all lines: $32.4M.
Portfolio Sells Q2 2024 → Q3 2024
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | Sold out | 0.00% | −30.62 |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | Sold out | 0.00% | −6.68 |
| EZCORP INC (EZPW 2.375 05/01/25) | Sold out | 0.00% | −5.74 |
| WISDOMTREE INC (WT 5.75 08/15/28) | Sold out | 0.00% | −5.47 |
| CODI Compass Diversified Holdings | Sold out | 0.00% | −4.84 |
| MMM 3M Co. | Sold out | 0.00% | −1.22 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.97 |
| STANDARD BIOTOOLS INC (LAB 2.75 02/01/34) | Sold out | 0.00% | −0.06 |
| HELLO GROUP INC (MOMO 1.25 07/01/25) | Sold out | 0.00% | −0.03 |
| ONL Orion Properties Inc. | Reduce -5.3% | 0.74% | +0.39 |
| TEI Templeton Emrg MKTS Inc. | Reduce -4.8% | 0.78% | +0.41 |
| WT Wisdomtree Inc. | Reduce -4.6% | 1.07% | +0.52 |
| PNNT Pennantpark Investment Corp. | Reduce -34.0% | 2.95% | +0.56 |
| BIT BlackRock Multi-Sector Inc. | Reduce -4.0% | 1.21% | +0.61 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -4.8% | 1.43% | +0.73 |
| XNIEX Virtus Equity & Convertible | Reduce -7.5% | 1.61% | +0.74 |
| XGDVX Gabelli Dividend & Income TR | Reduce -5.1% | 1.46% | +0.75 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -5.5% | 1.36% | +0.78 |
| BTZ BlackRock Credit Allocation | Reduce -5.9% | 1.57% | +0.79 |
| GROW U.S. Global Investors Inc. Class A | Reduce -2.4% | 1.67% | +0.82 |
| HYT BlackRock Corp. Hi YLD | Reduce -6.0% | 1.69% | +0.83 |
| CSQ Calamos Strat TTL RTRN FND | Reduce -5.9% | 1.71% | +0.84 |
| ADX Adams Diversified Equity | Reduce -5.8% | 1.83% | +0.87 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -5.8% | 1.73% | +0.89 |
| KHC The Kraft Heinz Co. | Reduce -1.6% | 1.75% | +0.94 |
| VCTR Victory Capital Holding - A | Reduce -8.3% | 1.88% | +1.01 |
| CSWC Capital Southwest Corp. | Reduce -1.2% | 2.49% | +1.21 |
| RITM Rithm Capital Corp. | Reduce -2.7% | 2.39% | +1.22 |
| NXDT Nexpoint Diversified Real Es | Reduce -2.8% | 2.27% | +1.25 |
| VZ Verizon Communications Inc. | Reduce -2.3% | 3.21% | +1.71 |
| O Realty Income Corp. | Reduce -1.4% | 3.10% | +1.80 |
| ENB Enbridge Inc. | Reduce -5.7% | 3.67% | +1.99 |
| MAIN Main Street Capital Corp. | Reduce -4.4% | 5.90% | +2.83 |
| VICI Vici Properties Inc. | Reduce -2.6% | 5.62% | +3.16 |
| APO Apollo Global Management Inc. | Reduce -4.2% | 8.35% | +4.28 |
Portfolio Buys Q2 2024 → Q3 2024
| PSEC Prospect Capital Corp. | Add +43.7% | 4.82% | +3.10 |
| HASI Ha Sustainable Infrastructur | New | 2.99% | +2.99 |
| TRIN Trinity Capital Inc. | Add +89.2% | 3.95% | +2.87 |
| T AT&T Inc. | Add +10.1% | 3.91% | +2.38 |
| CG The Carlyle Group Inc. | Add +0.7% | 4.25% | +2.30 |
| HTD John Hancock Tax Adv DVD Inc. | New | 1.32% | +1.32 |
| CIVI Civitas Resources Inc. | New | 1.28% | +1.28 |
| VWO Vanguard Ftse Emerging Marke | Add +0.1% | 2.28% | +1.25 |
| AAPL Apple Inc. | Add +1.3% | 1.45% | +0.81 |
Notes & Other Activity Q2 2024 → Q3 2024
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | New | 9,364,000 | $10.1M |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | New | 2,755,000 | $2.4M |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | New | 1,907,000 | $1.9M |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | New | 1,457,000 | $1.8M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 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 |