Smith Asset Management Co., LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 19, 2025), Smith Asset Management Co., LLC reported 66 stock positions worth $106.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.7% of the portfolio, followed by Ares Capital (ARCC, 5.8%) and Barings Corporate Investors (MCI, 4.8%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 25 and reduced 30. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +7%) and the biggest sale an exit from New America High Income Fund.
- Most Recent 13F
- Q2 2026
- Location
- Chiefland, FL
- CIK
- 0002068217
- Portfolio Value
- $106.1M (Q1 2025)
- SEC Filing
- 0001172661-25-002417 ↗ filed May 19, 2025
Holdings Value
Holdings 66 stocks · $106.1M
| BRK.B Berkshire Hathaway Inc. Class B | 6.70% | 13,349 | $7.1M | Add +6.8% |
| ARCC Ares Capital Corp. | 5.76% | 275,616 | $6.1M | Add +2.2% |
| MCI Barings Corporate Investors | 4.79% | 217,070 | $5.1M | Reduce -0.3% |
| XJPIX Nuveen Preferred Securities | 4.59% | 247,567 | $4.9M | Reduce -1.2% |
| XAWFX Alliancebernstein GL Hi Inc. | 4.30% | 425,597 | $4.6M | Reduce -1.5% |
| DNP DNP Select Income Fund Inc. | 3.95% | 423,516 | $4.2M | Add +1.5% |
| RFI Cohen & Steers Tot Ret RLTY | 3.93% | 345,261 | $4.2M | Reduce -0.5% |
| CSQ Calamos Strat TTL RTRN FND | 3.51% | 229,965 | $3.7M | Add +0.4% |
| XBGYX BlackRock Enh Intl DVD TR | 3.02% | 571,203 | $3.2M | Reduce -1.7% |
| BTZ BlackRock Credit Allocation | 3.01% | 297,832 | $3.2M | Reduce -1.8% |
| FFA First Trust Enhan Eqty Inc. | 2.97% | 163,234 | $3.2M | Reduce -1.6% |
| JPC Nuveen Prefered & Income Opp | 2.68% | 357,253 | $2.8M | Reduce -0.8% |
| PSF Cohen & Steers Select Prefer | 2.59% | 137,342 | $2.7M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.59% | 4,906 | $2.7M | Add +22.4% |
| UTF Cohen & Steers Infrastructur | 2.55% | 105,931 | $2.7M | Reduce -1.0% |
| UTG Reaves Utility Income Fund | 2.47% | 80,660 | $2.6M | Reduce -0.3% |
| PTY PIMCO Corporate & Income Opp | 2.28% | 167,163 | $2.4M | Add +1.9% |
| FLC Flaherty & Crumrine TTL RTRN | 2.20% | 139,384 | $2.3M | Reduce -0.6% |
| NLY Annaly Capital Management Inc. | 2.08% | 108,552 | $2.2M | Add +1.5% |
| PCN PIMCO Corporate & Income STR | 2.03% | 157,959 | $2.2M | Add +15.0% |
| PDI PIMCO Dynamic Income Fund | 1.95% | 104,423 | $2.1M | Add +16.2% |
| DFP Flaherty & Crumrine DYN Pref | 1.87% | 98,096 | $2.0M | Add +3.2% |
| HQH Abrdn Healthcare Investors | 1.85% | 120,719 | $2.0M | Reduce -1.9% |
| DSU BlackRock Debt Strategies | 1.78% | 180,905 | $1.9M | Add +5.1% |
| AAPL Apple Inc. | 1.52% | 7,243 | $1.6M | Add +30.0% |
| VGT Vanguard Info Tech ETF | 1.43% | 2,790 | $1.5M | Add +40.5% |
| XFFCX Flaherty & Crumrine Pref Inc. | 1.41% | 107,539 | $1.5M | Add +1.4% |
| GDO Western Ast GLB Corp. Opprnty | 1.41% | 128,793 | $1.5M | Reduce -0.8% |
| ASGI Abrdn Global Infrastructure | 1.37% | 79,198 | $1.5M | Reduce -1.1% |
| MPV Barings Participation Invest | 1.26% | 75,765 | $1.3M | Add +1.5% |
| NVG Nuveen Amt-FR Muni CRDT | 1.09% | 93,713 | $1.2M | Reduce -1.6% |
| BUI Blckrck Util Infra & PWR Opp filed as BLACKROCK UTILS INFRASTRUCTU | 1.08% | 50,513 | $1.1M | Reduce -1.7% |
| XSORX Source Capital Inc. | 1.07% | 27,291 | $1.1M | Add +0.6% |
| SPH Suburban Propane Partners LP | 0.94% | 47,358 | $995K | Reduce -0.4% |
| PFD Flaherty & Crumrin Pre&inc F | 0.79% | 74,884 | $840K | Reduce -1.2% |
| VIS Vanguard Industrials ETF | 0.79% | 3,392 | $840K | Add +163.6% |
| OHI Omega Healthcare Investors | 0.79% | 22,020 | $839K | Reduce -4.0% |
| BLW BlackRock Ltd. Durat Inc. TR | 0.71% | 53,006 | $750K | Add +0.6% |
| AMZN Amazon.com Inc. | 0.64% | 3,564 | $678K | Add +27.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.60% | 3,659 | $632K | Add +3.2% |
| HYT BlackRock Corp. Hi YLD | 0.58% | 64,689 | $620K | Reduce -0.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.54% | 6,655 | $573K | No change |
| DOC Healthpeak Properties Inc. | 0.53% | 27,583 | $558K | Reduce -0.3% |
| XRNPX Cohen & Steers REIT and Pref | 0.51% | 24,683 | $545K | Add +23.6% |
| MSD Morgan Stanley Emrg MKT Debt | 0.51% | 67,607 | $544K | Add +9.4% |
| STK Columbia Slgmn Prem Tech GR | 0.42% | 16,000 | $448K | Reduce -0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.42% | 2,001 | $444K | Reduce -1.9% |
| DUK Duke Energy Corp. | 0.40% | 3,516 | $429K | Reduce -3.3% |
| XLV SS Health Care Select Sector | 0.38% | 2,787 | $407K | Add +17.8% |
| WMT Walmart Inc. | 0.36% | 4,410 | $387K | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.32% | 5,214 | $343K | Add +13.9% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.29% | 14,689 | $312K | No change |
| GOF Guggenheim Strategic Opport | 0.28% | 19,395 | $302K | New |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.25% | 1,069 | $262K | Add +9.8% |
| XBMEX BlackRock Health Sciences | 0.24% | 6,530 | $252K | New |
| VDE Vanguard Energy ETF | 0.24% | 1,943 | $252K | New |
| XLF SS Financial Select Sector | 0.23% | 4,931 | $246K | Reduce -6.2% |
| MO Altria Group Inc. | 0.22% | 3,961 | $238K | Reduce -0.6% |
| ASG Liberty All-Star Growth FD | 0.19% | 42,229 | $207K | No change |
| AMGN Amgen Inc. | 0.19% | 661 | $206K | New |
| AFB Allianceberstein NTL Muni | 0.19% | 18,203 | $198K | No change |
| WEA Western Asset Premier Bond | 0.13% | 11,873 | $133K | Reduce -2.6% |
| USA Liberty All Star Equity Fund | 0.12% | 18,651 | $122K | No change |
| DHC Diversified Healthcare Trust | 0.05% | 23,143 | $56K | Reduce -2.1% |
| SVC Service Pptys TR | 0.05% | 18,827 | $49K | No change |
| OPITQ Office Properties Income Tru | 0.01% | 33,954 | $15K | Reduce -3.5% |
Portfolio Sells Q4 2024 → Q1 2025
| NEW AMERICA HIGH INCOME FUND | Sold out | 0.00% | −1.41 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −1.03 |
| SEVN Seven Hills Realty Trust | Sold out | 0.00% | −0.42 |
| FFA First Trust Enhan Eqty Inc. | Reduce -1.6% | 2.97% | −0.38 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -1.5% | 4.30% | −0.21 |
| XJPIX Nuveen Preferred Securities | Reduce -1.2% | 4.59% | −0.19 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.15 |
| BUI Blckrck Util Infra & PWR Opp | Reduce -1.7% | 1.08% | −0.10 |
| BTZ BlackRock Credit Allocation | Reduce -1.8% | 3.01% | −0.08 |
| PSF Cohen & Steers Select Prefer | Reduce -0.9% | 2.59% | −0.08 |
| FLC Flaherty & Crumrine TTL RTRN | Reduce -0.6% | 2.20% | −0.08 |
| JPC Nuveen Prefered & Income Opp | Reduce -0.8% | 2.68% | −0.08 |
| HQH Abrdn Healthcare Investors | Reduce -1.9% | 1.85% | −0.08 |
| STK Columbia Slgmn Prem Tech GR | Reduce -0.1% | 0.42% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.9% | 0.42% | −0.06 |
| OHI Omega Healthcare Investors | Reduce -4.0% | 0.79% | −0.06 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -1.6% | 1.09% | −0.04 |
| PFD Flaherty & Crumrin Pre&inc F | Reduce -1.2% | 0.79% | −0.04 |
| HYT BlackRock Corp. Hi YLD | Reduce -0.0% | 0.58% | −0.03 |
| GDO Western Ast GLB Corp. Opprnty | Reduce -0.8% | 1.41% | −0.03 |
| UTG Reaves Utility Income Fund | Reduce -0.3% | 2.47% | −0.02 |
| DOC Healthpeak Properties Inc. | Reduce -0.3% | 0.53% | −0.02 |
| OPITQ Office Properties Income Tru | Reduce -3.5% | 0.01% | −0.02 |
| XLF SS Financial Select Sector | Reduce -6.2% | 0.23% | −0.02 |
| WEA Western Asset Premier Bond | Reduce -2.6% | 0.13% | −0.00 |
| DHC Diversified Healthcare Trust | Reduce -2.1% | 0.05% | −0.00 |
| ASGI Abrdn Global Infrastructure | Reduce -1.1% | 1.37% | +0.01 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -1.7% | 3.02% | +0.01 |
| RFI Cohen & Steers Tot Ret RLTY | Reduce -0.5% | 3.93% | +0.02 |
| MO Altria Group Inc. | Reduce -0.6% | 0.22% | +0.02 |
| DUK Duke Energy Corp. | Reduce -3.3% | 0.40% | +0.02 |
| UTF Cohen & Steers Infrastructur | Reduce -1.0% | 2.55% | +0.04 |
| SPH Suburban Propane Partners LP | Reduce -0.4% | 0.94% | +0.14 |
| MCI Barings Corporate Investors | Reduce -0.3% | 4.79% | +0.47 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.8% | 6.70% | +1.18 |
| VIS Vanguard Industrials ETF | Add +163.6% | 0.79% | +0.47 |
| DNP DNP Select Income Fund Inc. | Add +1.5% | 3.95% | +0.36 |
| PDI PIMCO Dynamic Income Fund | Add +16.2% | 1.95% | +0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.4% | 2.59% | +0.30 |
| GOF Guggenheim Strategic Opport | New | 0.28% | +0.28 |
| XBMEX BlackRock Health Sciences | New | 0.24% | +0.24 |
| VDE Vanguard Energy ETF | New | 0.24% | +0.24 |
| PCN PIMCO Corporate & Income STR | Add +15.0% | 2.03% | +0.24 |
| VGT Vanguard Info Tech ETF | Add +40.5% | 1.43% | +0.22 |
| AMGN Amgen Inc. | New | 0.19% | +0.19 |
| NLY Annaly Capital Management Inc. | Add +1.5% | 2.08% | +0.17 |
| AAPL Apple Inc. | Add +30.0% | 1.52% | +0.16 |
| XRNPX Cohen & Steers REIT and Pref | Add +23.6% | 0.51% | +0.11 |
| XLV SS Health Care Select Sector | Add +17.8% | 0.38% | +0.07 |
| MSD Morgan Stanley Emrg MKT Debt | Add +9.4% | 0.51% | +0.05 |
| AMZN Amazon.com Inc. | Add +27.2% | 0.64% | +0.04 |
| DFP Flaherty & Crumrine DYN Pref | Add +3.2% | 1.87% | +0.03 |
| MPV Barings Participation Invest | Add +1.5% | 1.26% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +13.9% | 0.32% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3.2% | 0.60% | +0.01 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +1.4% | 1.41% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +9.8% | 0.25% | +0.01 |
| ARCC Ares Capital Corp. | Add +2.2% | 5.76% | +0.01 |
| PTY PIMCO Corporate & Income Opp | Add +1.9% | 2.28% | −0.02 |
| BLW BlackRock Ltd. Durat Inc. TR | Add +0.6% | 0.71% | −0.02 |
| DSU BlackRock Debt Strategies | Add +5.1% | 1.78% | −0.02 |
| XSORX Source Capital Inc. | Add +0.6% | 1.07% | −0.08 |
| CSQ Calamos Strat TTL RTRN FND | Add +0.4% | 3.51% | −0.44 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 70 | $127.1M | BRK.B, JPC, ARCC, VGT, CSQ |
| Q1 2026 | 70 | $116.5M | BRK.B, JPC, ARCC, DNP, XAWFX |
| Q4 2025 | 70 | $121.1M | BRK.B, JPC, ARCC, CSQ, XAWFX |
| Q3 2025 | 66 | $117.4M | JPC, BRK.B, ARCC, XAWFX, CSQ |
| Q2 2025 | 69 | $115.8M | ARCC, BRK.B, XJPIX, XAWFX, CSQ |
| Q1 2025 | 66 | $106.1M | BRK.B, ARCC, MCI, XJPIX, XAWFX |
| Q4 2024 | 66 | $102.7M | ARCC, BRK.B, XJPIX, XAWFX, MCI |