SMH CAPITAL ADVISORS INC

Portfolio Overview

SMH CAPITAL ADVISORS INC disclosed 38 positions worth $32.9M in its Form 13F-HR for Q1 2026, led by $CSWC (CAPITAL SOUTHWEST CORP) at 35.2% of the equity portfolio, followed by $TRIN and $CSWC. During the quarter the fund opened 3 new positions and exited 19 — including a new stake in $SM. The portfolio is most concentrated in Other (70.7% of disclosed assets). All figures are sourced directly from SMH CAPITAL ADVISORS INC’s Form 13F-HR filing with the SEC under CIK 1180391.

• 

  CAPITAL SOUTHWEST CORP

  $CSWC

  —

  Quality

  $11.6M11,610 sh
• 

  Trinity Capital Inc.

  $TRIN

  —

  Quality

  $2.5M2,517 sh
• 

  CAPITAL SOUTHWEST CORP

  $CSWC

  —

  Quality

  $1.7M1,733 sh
• 

  VICI PROPERTIES INC.

  $VICI

  76.2

  Quality

  $1.3M1,335 sh
• 

  Riot Platforms, Inc.

  $RIOT

  51.3

  Quality

  $1.3M1,262 sh
• 

  SM Energy Co

  $SM

  66.6

  Quality

  $1.2M1,168 sh
• 

  PROSPECT CAPITAL CORP

  $PSEC

  —

  Quality

  $1.1M1,113 sh
• 

  Main Street Capital CORP

  $MAIN

  —

  Quality

  $1.0M1,000 sh
• 

  Carlyle Group Inc.

  $CG

  47.3

  Quality

  $911.0K911 sh
• 

  BLUE OWL CAPITAL INC.

  $OWL

  59.4

  Quality

  $795.2K795 sh

Company	Quality	Value	Shares
CAPITAL SOUTHWEST CORP$CSWC	—	$11.6M	11,610
Trinity Capital Inc.$TRIN	—	$2.5M	2,517
CAPITAL SOUTHWEST CORP$CSWC	—	$1.7M	1,733
VICI PROPERTIES INC.$VICI	76.2	$1.3M	1,335
Riot Platforms, Inc.$RIOT	51.3	$1.3M	1,262
SM Energy Co$SM	66.6	$1.2M	1,168
PROSPECT CAPITAL CORP$PSEC	—	$1.1M	1,113
Main Street Capital CORP$MAIN	—	$1.0M	1,000
Carlyle Group Inc.$CG	47.3	$911.0K	911
BLUE OWL CAPITAL INC.$OWL	59.4	$795.2K	795

Showing top 10 of 38 holdings.

Full Holdings — SMH CAPITAL ADVISORS INC (Q1 2026)

All 38 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$CSWC	CAPITAL SOUTHWEST CORP	$11.6M	35.2%	-100%	—
2	$TRIN	Trinity Capital Inc.	$2.5M	7.6%	-99%	—
3	$CSWC	CAPITAL SOUTHWEST CORP	$1.7M	5.3%	-98%	—
4	$VICI	VICI PROPERTIES INC.	$1.3M	4.0%	-97%	76.2
5	$RIOT	Riot Platforms, Inc.	$1.3M	3.8%	-100%	51.3
6	$SM	SM Energy Co	$1.2M	3.5%	NEW	66.6
7	$PSEC	PROSPECT CAPITAL CORP	$1.1M	3.4%	-100%	—
8	$MAIN	Main Street Capital CORP	$1.0M	3.0%	-95%	—
9	$CG	Carlyle Group Inc.	$911,034	2.8%	-95%	47.3
10	$OWL	BLUE OWL CAPITAL INC.	$795,205	2.4%	-99%	59.4
11	$WT	WisdomTree, Inc.	$744,294	2.3%	-100%	62.9
12	—	ALPHATEC HLDGS INC	$716,590	2.2%	NEW	—
13	$RITM	Rithm Capital Corp.	$625,393	1.9%	-98%	52
14	$HCXY	Hercules Capital, Inc.	$606,530	1.8%	-99%	—
15	$SPY	SPDR S&P 500 ETF TRUST	$533,205	1.6%	-35%	—
16	$MARA	MARA Holdings, Inc.	$458,250	1.4%	-100%	12.2
17	—	VANGUARD INTL EQUITY INDEX F	$415,441	1.3%	-95%	—
18	—	ISHARES TR	$414,428	1.3%	-90%	—
19	$DKS	DICK'S SPORTING GOODS, INC.	$403,322	1.2%	-80%	67.9
20	$HASI	HA Sustainable Infrastructure Capital, Inc.	$318,365	1.0%	-96%	50.1
21	$ADX	ADAMS DIVERSIFIED EQUITY FUND, INC.	$287,976	0.9%	-98%	—
22	$WT	WisdomTree, Inc.	$275,097	0.8%	-98%	62.9
23	$NXDT	NEXPOINT DIVERSIFIED REAL ESTATE TRUST	$272,976	0.8%	-100%	37.9
24	$CSQ	CALAMOS STRATEGIC TOTAL RETURN FUND	$253,267	0.8%	-98%	—
25	$NIE	Virtus Equity & Convertible Income Fund	$252,030	0.8%	-98%	—
26	—	ALLIANCEBERNSTEIN GLOBAL HIG	$249,426	0.8%	-99%	—
27	$IIPR	INNOVATIVE INDUSTRIAL PROPERTIES INC	$245,282	0.7%	-95%	56.3
28	$GDV	GABELLI DIVIDEND & INCOME TRUST	$244,474	0.7%	-97%	—
29	$CGBD	Carlyle Secured Lending, Inc.	$242,190	0.7%	-99%	—
30	$EZPW	EZCORP INC	$232,024	0.7%	NEW	65.7
31	$HYT	BLACKROCK CORPORATE HIGH YIELD FUND, INC.	$227,170	0.7%	-99%	—
32	$BTZ	BLACKROCK CREDIT ALLOCATION INCOME TRUST	$223,259	0.7%	-99%	—
33	—	EATON VANCE TAX ADVT DIV INC	$220,777	0.7%	-98%	—
34	$HTD	JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND	$216,599	0.7%	-98%	—
35	$APO	Apollo Global Management, Inc.	$211,323	0.6%	-89%	55.7
36	$AMT	AMERICAN TOWER CORP /MA/	$207,096	0.6%	-83%	69.8
37	$LYFT	Lyft, Inc.	$201,977	0.6%	-100%	63.1
38	$QQQ	INVESCO QQQ TRUST, SERIES 1	$201,256	0.6%	-42%	—