Smith Asset Management Co., LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 19, 2026), Smith Asset Management Co., LLC reported 70 stock positions worth $121.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.2% of the portfolio, followed by Nuveen Prefered & Income Opp (JPC, 6.2%) and Ares Capital (ARCC, 5.3%). Compared with Q3 2025, it opened 4 new positions, added to 29 and reduced 32. The biggest buy was Equitable (EQH, shares +14%) and the biggest sale Barings Corporate Investors (MCI, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Chiefland, FL
- CIK
- 0002068217
- Portfolio Value
- $121.1M (Q4 2025)
- SEC Filing
- 0001172661-26-001310 ↗ filed Feb 19, 2026
Holdings Value
Holdings 70 stocks · $121.1M
| BRK.B Berkshire Hathaway Inc. Class B | 6.20% | 14,945 | $7.5M | Add +6.9% |
| JPC Nuveen Prefered & Income Opp | 6.20% | 926,024 | $7.5M | Reduce -1.9% |
| ARCC Ares Capital Corp. | 5.26% | 315,198 | $6.4M | Add +6.3% |
| CSQ Calamos Strat TTL RTRN FND | 3.55% | 223,949 | $4.3M | Reduce -1.8% |
| XAWFX Alliancebernstein GL Hi Inc. | 3.55% | 402,102 | $4.3M | Reduce -2.1% |
| DNP DNP Select Income Fund Inc. | 3.38% | 409,725 | $4.1M | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.25% | 5,767 | $3.9M | Reduce -0.8% |
| EQH Equitable Holdings Inc. | 3.23% | 82,004 | $3.9M | Add +14.0% |
| RFI Cohen & Steers Tot Ret RLTY | 3.05% | 333,986 | $3.7M | Reduce -0.7% |
| VGT Vanguard Info Tech ETF | 2.89% | 4,637 | $3.5M | Add +12.0% |
| FFA First Trust Enhan Eqty Inc. | 2.79% | 153,668 | $3.4M | Reduce -3.1% |
| MCI Barings Corporate Investors | 2.64% | 176,145 | $3.2M | Reduce -4.1% |
| AAPL Apple Inc. | 2.59% | 11,538 | $3.1M | Add +16.2% |
| BTZ BlackRock Credit Allocation | 2.50% | 279,316 | $3.0M | Reduce -2.6% |
| XBGYX BlackRock Enh Intl DVD TR | 2.40% | 494,899 | $2.9M | Reduce -4.6% |
| PCN PIMCO Corporate & Income STR | 2.40% | 227,754 | $2.9M | Add +18.6% |
| UTG Reaves Utility Income Fund | 2.33% | 77,007 | $2.8M | Reduce -2.8% |
| NLY Annaly Capital Management Inc. | 2.22% | 120,236 | $2.7M | Add +1.1% |
| PSF Cohen & Steers Select Prefer | 2.22% | 132,349 | $2.7M | Reduce -1.6% |
| PDI PIMCO Dynamic Income Fund | 2.17% | 148,579 | $2.6M | Add +7.5% |
| UTF Cohen & Steers Infrastructur | 1.92% | 96,702 | $2.3M | Reduce -2.0% |
| FLC Flaherty & Crumrine TTL RTRN | 1.84% | 127,651 | $2.2M | Reduce -2.3% |
| HQH Abrdn Healthcare Investors | 1.83% | 117,060 | $2.2M | Reduce -0.2% |
| VIS Vanguard Industrials ETF | 1.76% | 7,127 | $2.1M | Add +27.7% |
| PTY PIMCO Corporate & Income Opp | 1.73% | 162,381 | $2.1M | Add +1.3% |
| DFP Flaherty & Crumrine DYN Pref | 1.66% | 96,884 | $2.0M | Reduce -4.1% |
| DSU BlackRock Debt Strategies | 1.54% | 182,965 | $1.9M | Reduce -0.1% |
| GOF Guggenheim Strategic Opport | 1.31% | 123,059 | $1.6M | Add +20.8% |
| BUI Blckrck Util Infra & PWR Opp filed as BLACKROCK UTILS INFRASTRUCTU | 1.13% | 53,262 | $1.4M | Add +9.1% |
| GDO Western Ast GLB Corp. Opprnty | 1.13% | 115,663 | $1.4M | Reduce -8.6% |
| ASGI Abrdn Global Infrastructure | 1.10% | 59,649 | $1.3M | Reduce -3.9% |
| XSORX Source Capital Inc. | 1.07% | 28,345 | $1.3M | Add +0.8% |
| AMZN Amazon.com Inc. | 1.07% | 5,618 | $1.3M | Add +16.0% |
| XFFCX Flaherty & Crumrine Pref Inc. | 1.01% | 73,885 | $1.2M | Add +1.2% |
| PFD Flaherty & Crumrin Pre&inc F | 0.97% | 105,918 | $1.2M | Reduce -1.0% |
| NVG Nuveen Amt-FR Muni CRDT | 0.94% | 90,284 | $1.1M | Reduce -0.1% |
| MPV Barings Participation Invest | 0.92% | 70,323 | $1.1M | Reduce -4.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.74% | 4,700 | $898K | Add +16.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.73% | 10,983 | $881K | Add +17.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.68% | 1,332 | $818K | Add +52.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.66% | 3,109 | $802K | Add +5.8% |
| SPH Suburban Propane Partners LP | 0.65% | 42,320 | $785K | No change |
| BLW BlackRock Ltd. Durat Inc. TR | 0.62% | 54,494 | $749K | Add +1.9% |
| OHI Omega Healthcare Investors | 0.61% | 16,651 | $738K | Reduce -7.8% |
| XRNPX Cohen & Steers REIT and Pref | 0.58% | 35,528 | $706K | Add +15.1% |
| XLV SS Health Care Select Sector | 0.51% | 3,966 | $614K | Add +4.6% |
| STK Columbia Slgmn Prem Tech GR | 0.49% | 16,070 | $591K | Add +1.4% |
| HYT BlackRock Corp. Hi YLD | 0.48% | 65,407 | $582K | Add +0.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.46% | 1,993 | $556K | Reduce -0.7% |
| XBMEX BlackRock Health Sciences | 0.44% | 12,885 | $530K | Add +21.7% |
| MSD Morgan Stanley Emrg MKT Debt | 0.41% | 67,326 | $498K | Reduce -0.3% |
| WMT Walmart Inc. | 0.41% | 4,449 | $496K | Add +0.5% |
| DOC Healthpeak Properties Inc. | 0.36% | 27,443 | $441K | No change |
| MSFT Microsoft Corp. | 0.35% | 866 | $419K | New |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.34% | 4,921 | $408K | Reduce -5.6% |
| VDE Vanguard Energy ETF | 0.32% | 3,120 | $393K | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 0.26% | 1,020 | $319K | New |
| DUK Duke Energy Corp. | 0.26% | 2,703 | $317K | Reduce -5.4% |
| SEVN Seven Hills Realty Trust | 0.24% | 32,593 | $290K | Reduce -1.3% |
| XLF SS Financial Select Sector | 0.23% | 5,069 | $278K | No change |
| LDP Cohen & Steers Limited Durat | 0.21% | 11,785 | $249K | Add +15.9% |
| MO Altria Group Inc. | 0.18% | 3,871 | $223K | Reduce -1.3% |
| ASG Liberty All-Star Growth FD | 0.18% | 41,879 | $222K | Reduce -0.9% |
| AMGN Amgen Inc. | 0.18% | 661 | $216K | New |
| ETG Eaton Vance T/A GL DVD Incm | 0.17% | 8,928 | $206K | New |
| AFB Allianceberstein NTL Muni | 0.16% | 18,203 | $197K | No change |
| WEA Western Asset Premier Bond | 0.14% | 14,963 | $165K | Add +10.5% |
| USA Liberty All Star Equity Fund | 0.10% | 18,651 | $117K | No change |
| DHC Diversified Healthcare Trust | 0.09% | 22,293 | $108K | Reduce -1.3% |
| SVC Service Pptys TR | 0.03% | 18,252 | $34K | Reduce -0.7% |
Portfolio Sells Q3 2025 → Q4 2025
| MCI Barings Corporate Investors | Reduce -4.1% | 2.64% | −0.61 |
| RFI Cohen & Steers Tot Ret RLTY | Reduce -0.7% | 3.05% | −0.42 |
| JPC Nuveen Prefered & Income Opp | Reduce -1.9% | 6.20% | −0.39 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -2.1% | 3.55% | −0.37 |
| UTG Reaves Utility Income Fund | Reduce -2.8% | 2.33% | −0.35 |
| MPV Barings Participation Invest | Reduce -4.5% | 0.92% | −0.34 |
| DNP DNP Select Income Fund Inc. | Reduce -2.7% | 3.38% | −0.21 |
| BTZ BlackRock Credit Allocation | Reduce -2.6% | 2.50% | −0.20 |
| DFP Flaherty & Crumrine DYN Pref | Reduce -4.1% | 1.66% | −0.20 |
| CSQ Calamos Strat TTL RTRN FND | Reduce -1.8% | 3.55% | −0.20 |
| PSF Cohen & Steers Select Prefer | Reduce -1.6% | 2.22% | −0.17 |
| UTF Cohen & Steers Infrastructur | Reduce -2.0% | 1.92% | −0.16 |
| GDO Western Ast GLB Corp. Opprnty | Reduce -8.6% | 1.13% | −0.15 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -4.6% | 2.40% | −0.14 |
| FLC Flaherty & Crumrine TTL RTRN | Reduce -2.3% | 1.84% | −0.14 |
| DSU BlackRock Debt Strategies | Reduce -0.1% | 1.54% | −0.12 |
| IRM Iron Mountain Inc. | Reduce -5.6% | 0.34% | −0.12 |
| FFA First Trust Enhan Eqty Inc. | Reduce -3.1% | 2.79% | −0.11 |
| PFD Flaherty & Crumrin Pre&inc F | Reduce -1.0% | 0.97% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 3.25% | −0.06 |
| SEVN Seven Hills Realty Trust | Reduce -1.3% | 0.24% | −0.05 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -0.7% | 0.46% | −0.04 |
| DUK Duke Energy Corp. | Reduce -5.4% | 0.26% | −0.04 |
| OHI Omega Healthcare Investors | Reduce -7.8% | 0.61% | −0.04 |
| MO Altria Group Inc. | Reduce -1.3% | 0.18% | −0.04 |
| ASG Liberty All-Star Growth FD | Reduce -0.9% | 0.18% | −0.02 |
| ASGI Abrdn Global Infrastructure | Reduce -3.9% | 1.10% | −0.02 |
| SVC Service Pptys TR | Reduce -0.7% | 0.03% | −0.01 |
| HQH Abrdn Healthcare Investors | Reduce -0.2% | 1.83% | −0.01 |
| MSD Morgan Stanley Emrg MKT Debt | Reduce -0.3% | 0.41% | −0.01 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -0.1% | 0.94% | −0.00 |
| DHC Diversified Healthcare Trust | Reduce -1.3% | 0.09% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| EQH Equitable Holdings Inc. | Add +14.0% | 3.23% | +1.90 |
| AAPL Apple Inc. | Add +16.2% | 2.59% | +0.42 |
| VIS Vanguard Industrials ETF | Add +27.7% | 1.76% | +0.35 |
| MSFT Microsoft Corp. | New | 0.35% | +0.35 |
| GOOGL Alphabet Inc. Class A | New | 0.26% | +0.26 |
| VGT Vanguard Info Tech ETF | Add +12.0% | 2.89% | +0.25 |
| QQQ Invesco QQQ Trust Series 1 | Add +52.8% | 0.68% | +0.23 |
| PCN PIMCO Corporate & Income STR | Add +18.6% | 2.40% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.9% | 6.20% | +0.19 |
| AMGN Amgen Inc. | New | 0.18% | +0.18 |
| NLY Annaly Capital Management Inc. | Add +1.1% | 2.22% | +0.17 |
| ETG Eaton Vance T/A GL DVD Incm | New | 0.17% | +0.17 |
| AMZN Amazon.com Inc. | Add +16.0% | 1.07% | +0.16 |
| ARCC Ares Capital Corp. | Add +6.3% | 5.26% | +0.11 |
| XBMEX BlackRock Health Sciences | Add +21.7% | 0.44% | +0.10 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +16.7% | 0.74% | +0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +17.2% | 0.73% | +0.10 |
| XLV SS Health Care Select Sector | Add +4.6% | 0.51% | +0.06 |
| BUI Blckrck Util Infra & PWR Opp | Add +9.1% | 1.13% | +0.04 |
| WMT Walmart Inc. | Add +0.5% | 0.41% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +5.8% | 0.66% | +0.02 |
| LDP Cohen & Steers Limited Durat | Add +15.9% | 0.21% | +0.02 |
| STK Columbia Slgmn Prem Tech GR | Add +1.4% | 0.49% | +0.01 |
| GOF Guggenheim Strategic Opport | Add +20.8% | 1.31% | +0.01 |
| WEA Western Asset Premier Bond | Add +10.5% | 0.14% | +0.01 |
| VDE Vanguard Energy ETF | Add +1.7% | 0.32% | −0.00 |
| XSORX Source Capital Inc. | Add +0.8% | 1.07% | −0.01 |
| XRNPX Cohen & Steers REIT and Pref | Add +15.1% | 0.58% | −0.01 |
| BLW BlackRock Ltd. Durat Inc. TR | Add +1.9% | 0.62% | −0.02 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +1.2% | 1.01% | −0.04 |
| HYT BlackRock Corp. Hi YLD | Add +0.2% | 0.48% | −0.05 |
| PDI PIMCO Dynamic Income Fund | Add +7.5% | 2.17% | −0.16 |
| PTY PIMCO Corporate & Income Opp | Add +1.3% | 1.73% | −0.24 |
Notes & Other Activity Q3 2025 → Q4 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 98,699 | $8Kbefore 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 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 |