# SMH CAPITAL ADVISORS INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1180391. Source: https://holderbook.com/funds/1180391-smh-capital-advisors-inc/

- Reported value: $51.0M
- Positions: 54
- Weight of the ten largest: 52.5%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TRINITY CAP INC | [TRIN](https://holderbook.com/stocks/TRIN/) | $6.1M | 340,586 | 11.9% | 9 |
| CAPITAL SOUTHWEST CORP | [CSWC](https://holderbook.com/stocks/CSWC/) | $3.8M | 160,144 | 7.5% | 15 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $2.8M | 106,942 | 5.6% | 13 |
| ALPHATEC HLDGS INC | - | $2.8M | 2,906,000 | 5.4% | 2 |
| MAIN STR CAP CORP | [MAIN](https://holderbook.com/stocks/MAIN/) | $2.3M | 43,814 | 4.5% | 12 |
| SM ENERGY COMPANY | [SM](https://holderbook.com/stocks/SM/) | $2.0M | 74,798 | 3.8% | 2 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $1.9M | 118,932 | 3.7% | 4 |
| CAPITAL SOUTHWEST CORP | - | $1.8M | 1,766,000 | 3.6% | 7 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $1.8M | 204,978 | 3.5% | 5 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $1.6M | 37,254 | 3.1% | 9 |
| WISDOMTREE INC | - | $1.5M | 992,000 | 2.9% | 4 |
| INNOVATIVE INDL PPTYS INC | [IIPR](https://holderbook.com/stocks/IIPR/) | $1.2M | 20,000 | 2.4% | 4 |
| RITHM CAPITAL CORP | [RITM](https://holderbook.com/stocks/RITM/) | $1.2M | 131,260 | 2.4% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.2M | 1,612 | 2.4% | 5 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $926.6K | 50,006 | 1.8% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $917.8K | 15,376 | 1.8% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $889.6K | 8,564 | 1.7% | 10 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $869.5K | 62,556 | 1.7% | 1 |
| LYFT INC | - | $816.7K | 780,000 | 1.6% | 4 |
| WISDOMTREE INC | [WT](https://holderbook.com/stocks/WT/) | $741.6K | 43,776 | 1.5% | 28 |
| ADAMS DIVERSIFIED EQUITY FD | [ADX](https://holderbook.com/stocks/ADX/) | $678.7K | 26,564 | 1.3% | 31 |
| RUNWAY GROWTH FINANCE CORP | [RWAY](https://holderbook.com/stocks/RWAY/) | $637.0K | 113,540 | 1.2% | 2 |
| EZCORP INC | [EZPW](https://holderbook.com/stocks/EZPW/) | $632.1K | 18,284 | 1.2% | 2 |
| CALAMOS STRATEGIC TOTAL RETU | [CSQ](https://holderbook.com/stocks/CSQ/) | $627.1K | 30,500 | 1.2% | 31 |
| NEXPOINT DIVERSIFIED REL ET | [NXDT](https://holderbook.com/stocks/NXDT/) | $620.7K | 119,594 | 1.2% | 22 |
| VIRTUS EQUITY & CONV INCM FD | [NIE](https://holderbook.com/stocks/NIE/) | $590.8K | 21,996 | 1.2% | 22 |
| GABELLI DIVID & INCOME TR | [GDV](https://holderbook.com/stocks/GDV/) | $552.7K | 18,798 | 1.1% | 11 |
| EATON VANCE TAX ADVT DIV INC | [EVT](https://holderbook.com/stocks/EVT/) | $517.5K | 18,694 | 1.0% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $513.5K | 698 | 1.0% | 4 |
| ALLIANCEBERNSTEIN GLOBAL HIG | [AWF](https://holderbook.com/stocks/AWF/) | $510.6K | 49,578 | 1.0% | 31 |
| BLACKROCK CORPOR HI YLD FD I | [HYT](https://holderbook.com/stocks/HYT/) | $468.6K | 54,744 | 0.9% | 31 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $465.9K | 2,054 | 0.9% | 5 |
| HANCOCK JOHN TAX-ADVANTAGED | [HTD](https://holderbook.com/stocks/HTD/) | $465.4K | 18,256 | 0.9% | 8 |
| CARLYLE SECURED LENDING INC | [CGBD](https://holderbook.com/stocks/CGBD/) | $462.2K | 43,892 | 0.9% | 5 |
| BLACKROCK CR ALLOCATION | [BTZ](https://holderbook.com/stocks/BTZ/) | $454.0K | 44,424 | 0.9% | 31 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $449.0K | 3,796 | 0.9% | 4 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $435.9K | 40,098 | 0.9% | 2 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $410.8K | 17,324 | 0.8% | 1 |
| PALMER SQUARE CAPITAL BDC IN | [PSBD](https://holderbook.com/stocks/PSBD/) | $405.3K | 38,894 | 0.8% | 1 |
| SLR INVESTMENT CORP | [SLRC](https://holderbook.com/stocks/SLRC/) | $388.8K | 31,428 | 0.8% | 1 |
| COHEN & STEERS QUALITY INCOM | [RQI](https://holderbook.com/stocks/RQI/) | $379.7K | 30,844 | 0.7% | 6 |
| CRESCENT CAP BDC INC | [CCAP](https://holderbook.com/stocks/CCAP/) | $339.1K | 31,054 | 0.7% | 2 |
| BLACKROCK MULTI SECTOR INC T | [BIT](https://holderbook.com/stocks/BIT/) | $331.8K | 26,498 | 0.7% | 28 |
| TEMPLETON EMERGING MKTS INCO | [TEI](https://holderbook.com/stocks/TEI/) | $297.3K | 44,108 | 0.6% | 31 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $284.0K | 23,430 | 0.6% | 21 |
| ALLIANCEBERNSTEIN NATL MUN I | [AFB](https://holderbook.com/stocks/AFB/) | $278.5K | 24,408 | 0.5% | 21 |
| NUVEEN AMT FREE QLTY MUN INC | [NEA](https://holderbook.com/stocks/NEA/) | $277.0K | 23,596 | 0.5% | 21 |
| EATON VANCE MUN BD FD | [EIM](https://holderbook.com/stocks/EIM/) | $263.2K | 26,426 | 0.5% | 27 |
| U S GLOBAL INVS INC | [GROW](https://holderbook.com/stocks/GROW/) | $250.8K | 80,382 | 0.5% | 21 |
| SELECTQUOTE INC | [SLQT](https://holderbook.com/stocks/SLQT/) | $196.2K | 233,312 | 0.4% | 4 |
| TRIPLEPOINT VENTURE GROWTH B | [TPVG](https://holderbook.com/stocks/TPVG/) | $191.4K | 38,988 | 0.4% | 1 |
| CION INVT CORP | [CION](https://holderbook.com/stocks/CION/) | $181.9K | 29,200 | 0.4% | 2 |
| BLACKROCK TCP CAPITAL CORP | [TCPC](https://holderbook.com/stocks/TCPC/) | $166.1K | 49,434 | 0.3% | 1 |
| ADVANCED FLOWER CAP INC | [AFCG](https://holderbook.com/stocks/AFCG/) | $161.2K | 52,000 | 0.3% | 21 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2023 | +3.5% | +8.3% | -4.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $51.0M | 54 |
| Q1 2026 | $68.3M | 56 |
| Q4 2025 | $49.1M | 55 |
| Q3 2025 | $49.0M | 51 |
| Q2 2025 | $44.1M | 46 |
| Q1 2025 | $43.0M | 45 |
| Q4 2024 | $41.4M | 45 |
| Q3 2024 | $32.4M | 47 |
| Q2 2024 | $32.7M | 49 |
| Q1 2024 | $37.1M | 48 |
| Q4 2023 | $46.1M | 47 |
| Q3 2023 | $42.8M | 44 |