Smith Asset Management Co., LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed November 3, 2025), Smith Asset Management Co., LLC reported 69 stock positions worth $115.8 million. Its top holding was Ares Capital (ARCC) at 5.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 5.4%) and Nuveen Preferred Securities (XJPIX, 4.3%). Compared with Q1 2025, it opened 5 new positions, sold out of 2, added to 27 and reduced 29. The biggest buy was a new position in Equitable (EQH) and the biggest sale Barings Corporate Investors (MCI, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- Chiefland, FL
- CIK
- 0002068217
- Portfolio Value
- $115.8M (Q2 2025)
- SEC Filing
- 0001172661-25-004549 ↗ filed Nov 3, 2025
Holdings Value
Holdings 69 stocks · $115.8M
| ARCC Ares Capital Corp. | 5.58% | 294,182 | $6.5M | Add +6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.42% | 12,931 | $6.3M | Reduce -3.1% |
| XJPIX Nuveen Preferred Securities | 4.34% | 241,976 | $5.0M | Reduce -2.3% |
| XAWFX Alliancebernstein GL Hi Inc. | 3.95% | 415,632 | $4.6M | Reduce -2.3% |
| CSQ Calamos Strat TTL RTRN FND | 3.61% | 229,072 | $4.2M | Reduce -0.4% |
| DNP DNP Select Income Fund Inc. | 3.57% | 422,413 | $4.1M | Reduce -0.3% |
| RFI Cohen & Steers Tot Ret RLTY | 3.56% | 341,901 | $4.1M | Reduce -1.0% |
| MCI Barings Corporate Investors | 3.51% | 187,604 | $4.1M | Reduce -13.6% |
| EQH Equitable Holdings Inc. | 3.26% | 67,416 | $3.8M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.04% | 5,704 | $3.5M | Add +16.3% |
| FFA First Trust Enhan Eqty Inc. | 2.87% | 162,181 | $3.3M | Reduce -0.7% |
| BTZ BlackRock Credit Allocation | 2.78% | 294,548 | $3.2M | Reduce -1.1% |
| XBGYX BlackRock Enh Intl DVD TR | 2.72% | 544,546 | $3.2M | Reduce -4.7% |
| UTG Reaves Utility Income Fund | 2.50% | 79,937 | $2.9M | Reduce -0.9% |
| JPC Nuveen Prefered & Income Opp | 2.44% | 353,052 | $2.8M | Reduce -1.2% |
| PSF Cohen & Steers Select Prefer | 2.36% | 135,886 | $2.7M | Reduce -1.1% |
| UTF Cohen & Steers Infrastructur | 2.35% | 100,914 | $2.7M | Reduce -4.7% |
| PTY PIMCO Corporate & Income Opp | 2.22% | 184,908 | $2.6M | Add +10.6% |
| VGT Vanguard Info Tech ETF | 2.17% | 3,792 | $2.5M | Add +35.9% |
| PDI PIMCO Dynamic Income Fund | 2.08% | 127,215 | $2.4M | Add +21.8% |
| PCN PIMCO Corporate & Income STR | 2.00% | 182,712 | $2.3M | Add +15.7% |
| FLC Flaherty & Crumrine TTL RTRN | 1.95% | 132,823 | $2.3M | Reduce -4.7% |
| NLY Annaly Capital Management Inc. | 1.91% | 117,644 | $2.2M | Add +8.4% |
| DFP Flaherty & Crumrine DYN Pref | 1.77% | 100,089 | $2.1M | Add +2.0% |
| AAPL Apple Inc. | 1.69% | 9,515 | $2.0M | Add +31.4% |
| DSU BlackRock Debt Strategies | 1.64% | 180,370 | $1.9M | Reduce -0.3% |
| HQH Abrdn Healthcare Investors | 1.60% | 119,520 | $1.9M | Reduce -1.0% |
| GDO Western Ast GLB Corp. Opprnty | 1.31% | 128,440 | $1.5M | Reduce -0.3% |
| MPV Barings Participation Invest | 1.30% | 74,737 | $1.5M | Reduce -1.4% |
| ASGI Abrdn Global Infrastructure | 1.22% | 69,406 | $1.4M | Reduce -12.4% |
| VIS Vanguard Industrials ETF | 1.21% | 4,984 | $1.4M | Add +46.9% |
| BUI Blckrck Util Infra & PWR Opp filed as BLACKROCK UTILS INFRASTRUCTU | 1.13% | 50,892 | $1.3M | Add +0.8% |
| XSORX Source Capital Inc. | 1.05% | 28,060 | $1.2M | Add +2.8% |
| XFFCX Flaherty & Crumrine Pref Inc. | 1.00% | 71,364 | $1.2M | Reduce -33.6% |
| NVG Nuveen Amt-FR Muni CRDT | 0.97% | 93,710 | $1.1M | Reduce 0.0% |
| AMZN Amazon.com Inc. | 0.92% | 4,862 | $1.1M | Add +36.4% |
| GOF Guggenheim Strategic Opport | 0.91% | 70,716 | $1.1M | Add +264.6% |
| PFD Flaherty & Crumrin Pre&inc F | 0.74% | 76,132 | $861K | Add +1.7% |
| SPH Suburban Propane Partners LP | 0.68% | 42,520 | $788K | Reduce -10.2% |
| BLW BlackRock Ltd. Durat Inc. TR | 0.64% | 52,463 | $744K | Reduce -1.0% |
| FENG Phoenix New Media Ltd. -ADR | 0.62% | 332,777 | $722K | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.61% | 3,990 | $705K | Add +9.1% |
| OHI Omega Healthcare Investors | 0.57% | 18,138 | $665K | Reduce -17.6% |
| XRNPX Cohen & Steers REIT and Pref | 0.57% | 29,020 | $661K | Add +17.6% |
| HYT BlackRock Corp. Hi YLD | 0.55% | 65,669 | $640K | Add +1.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.48% | 2,359 | $559K | Add +17.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.46% | 5,215 | $535K | Reduce -21.6% |
| MSD Morgan Stanley Emrg MKT Debt | 0.45% | 67,799 | $524K | Add +0.3% |
| STK Columbia Slgmn Prem Tech GR | 0.42% | 16,000 | $487K | No change |
| XLV SS Health Care Select Sector | 0.42% | 3,603 | $486K | Add +29.3% |
| DOC Healthpeak Properties Inc. | 0.42% | 27,583 | $483K | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.42% | 1,692 | $481K | Add +58.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.41% | 6,480 | $471K | Add +24.3% |
| WMT Walmart Inc. | 0.37% | 4,410 | $431K | No change |
| SEVN Seven Hills Realty Trust | 0.34% | 33,035 | $399K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 714 | $394K | New |
| VDE Vanguard Energy ETF | 0.31% | 3,023 | $360K | Add +55.6% |
| XBMEX BlackRock Health Sciences | 0.30% | 9,666 | $352K | Add +48.0% |
| DUK Duke Energy Corp. | 0.29% | 2,858 | $337K | Reduce -18.7% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.28% | 14,689 | $322K | No change |
| PFO Flaherty & Crumrine P&I Opp | 0.26% | 32,193 | $298K | New |
| XLF SS Financial Select Sector | 0.22% | 4,936 | $259K | Add +0.1% |
| ASG Liberty All-Star Growth FD | 0.20% | 42,229 | $231K | No change |
| MO Altria Group Inc. | 0.20% | 3,921 | $230K | Reduce -1.0% |
| AFB Allianceberstein NTL Muni | 0.16% | 18,203 | $188K | No change |
| WEA Western Asset Premier Bond | 0.12% | 12,429 | $135K | Add +4.7% |
| USA Liberty All Star Equity Fund | 0.11% | 18,651 | $127K | No change |
| DHC Diversified Healthcare Trust | 0.07% | 22,743 | $81K | Reduce -1.7% |
| SVC Service Pptys TR | 0.04% | 18,827 | $45K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| MCI Barings Corporate Investors | Reduce -13.6% | 3.51% | −1.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.1% | 5.42% | −1.28 |
| XFFCX Flaherty & Crumrine Pref Inc. | Reduce -33.6% | 1.00% | −0.41 |
| DNP DNP Select Income Fund Inc. | Reduce -0.3% | 3.57% | −0.38 |
| RFI Cohen & Steers Tot Ret RLTY | Reduce -1.0% | 3.56% | −0.37 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -2.3% | 3.95% | −0.35 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -4.7% | 2.72% | −0.30 |
| SPH Suburban Propane Partners LP | Reduce -10.2% | 0.68% | −0.26 |
| FLC Flaherty & Crumrine TTL RTRN | Reduce -4.7% | 1.95% | −0.25 |
| HQH Abrdn Healthcare Investors | Reduce -1.0% | 1.60% | −0.25 |
| XJPIX Nuveen Preferred Securities | Reduce -2.3% | 4.34% | −0.24 |
| JPC Nuveen Prefered & Income Opp | Reduce -1.2% | 2.44% | −0.24 |
| BTZ BlackRock Credit Allocation | Reduce -1.1% | 2.78% | −0.23 |
| PSF Cohen & Steers Select Prefer | Reduce -1.1% | 2.36% | −0.22 |
| OHI Omega Healthcare Investors | Reduce -17.6% | 0.57% | −0.22 |
| UTF Cohen & Steers Infrastructur | Reduce -4.7% | 2.35% | −0.20 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.19 |
| ASGI Abrdn Global Infrastructure | Reduce -12.4% | 1.22% | −0.15 |
| DSU BlackRock Debt Strategies | Reduce -0.3% | 1.64% | −0.14 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce 0.0% | 0.97% | −0.13 |
| DUK Duke Energy Corp. | Reduce -18.7% | 0.29% | −0.11 |
| FFA First Trust Enhan Eqty Inc. | Reduce -0.7% | 2.87% | −0.10 |
| GDO Western Ast GLB Corp. Opprnty | Reduce -0.3% | 1.31% | −0.10 |
| IRM Iron Mountain Inc. | Reduce -21.6% | 0.46% | −0.08 |
| BLW BlackRock Ltd. Durat Inc. TR | Reduce -1.0% | 0.64% | −0.06 |
| MO Altria Group Inc. | Reduce -1.0% | 0.20% | −0.03 |
| OPITQ Office Properties Income Tru | Sold out | 0.00% | −0.01 |
| DHC Diversified Healthcare Trust | Reduce -1.7% | 0.07% | +0.02 |
| UTG Reaves Utility Income Fund | Reduce -0.9% | 2.50% | +0.02 |
| MPV Barings Participation Invest | Reduce -1.4% | 1.30% | +0.04 |
| CSQ Calamos Strat TTL RTRN FND | Reduce -0.4% | 3.61% | +0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| EQH Equitable Holdings Inc. | New | 3.26% | +3.26 |
| VGT Vanguard Info Tech ETF | Add +35.9% | 2.17% | +0.75 |
| GOF Guggenheim Strategic Opport | Add +264.6% | 0.91% | +0.62 |
| FENG Phoenix New Media Ltd. -ADR | New | 0.62% | +0.62 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.3% | 3.04% | +0.46 |
| VIS Vanguard Industrials ETF | Add +46.9% | 1.21% | +0.41 |
| SEVN Seven Hills Realty Trust | New | 0.34% | +0.34 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.34% | +0.34 |
| AMZN Amazon.com Inc. | Add +36.4% | 0.92% | +0.28 |
| PFO Flaherty & Crumrine P&I Opp | New | 0.26% | +0.26 |
| AAPL Apple Inc. | Add +31.4% | 1.69% | +0.17 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +58.3% | 0.42% | +0.17 |
| PDI PIMCO Dynamic Income Fund | Add +21.8% | 2.08% | +0.13 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +24.3% | 0.41% | +0.08 |
| VDE Vanguard Energy ETF | Add +55.6% | 0.31% | +0.07 |
| XBMEX BlackRock Health Sciences | Add +48.0% | 0.30% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +17.9% | 0.48% | +0.06 |
| XRNPX Cohen & Steers REIT and Pref | Add +17.6% | 0.57% | +0.06 |
| BUI Blckrck Util Infra & PWR Opp | Add +0.8% | 1.13% | +0.05 |
| XLV SS Health Care Select Sector | Add +29.3% | 0.42% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +9.1% | 0.61% | +0.01 |
| XLF SS Financial Select Sector | Add +0.1% | 0.22% | −0.01 |
| WEA Western Asset Premier Bond | Add +4.7% | 0.12% | −0.01 |
| XSORX Source Capital Inc. | Add +2.8% | 1.05% | −0.02 |
| PCN PIMCO Corporate & Income STR | Add +15.7% | 2.00% | −0.03 |
| HYT BlackRock Corp. Hi YLD | Add +1.5% | 0.55% | −0.03 |
| PFD Flaherty & Crumrin Pre&inc F | Add +1.7% | 0.74% | −0.05 |
| PTY PIMCO Corporate & Income Opp | Add +10.6% | 2.22% | −0.06 |
| MSD Morgan Stanley Emrg MKT Debt | Add +0.3% | 0.45% | −0.06 |
| DFP Flaherty & Crumrine DYN Pref | Add +2.0% | 1.77% | −0.10 |
| NLY Annaly Capital Management Inc. | Add +8.4% | 1.91% | −0.17 |
| ARCC Ares Capital Corp. | Add +6.7% | 5.58% | −0.18 |
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 |