CIK: 0002068217
Total reported value
$116.5M
Reporting period: 2026-03-31 · Number of holdings: 71
Smith Asset Management Co., LLC disclosed 71 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $116.5M and a quarterly turnover rate of 10.3%.
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Smith Asset Management Co., LLC's disclosed holdings carry a Herfindahl concentration index of 0.027 — mathematically equivalent to about 37 equally-sized positions, well below its 71 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.98), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 28% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add MSFT
+211.8% $580.7K
Add VIS
+10.9% $341.5K
Trim JPC
-1.6% -$638.1K
Trim PFD
-30.1% -$352.2K
Add QQQ
+39.7% $255.9K
Add PDI
+9.4% $148.9K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 6.39% | +0.19% | +4.00% | |
| 2 | JPC | Nuveen Prefered & Income Opp | Stock-Other | 5.90% | -0.30% | -1.58% | |
| 3 | ARCC | Ares Capital CORP | Stock-Financials | 5.32% | +0.06% | +9.23% | |
| 4 | DNP | Dnp Select Income Fund INC | Stock-Financials | 3.55% | +0.17% | -1.90% | |
| 5 | XAWFX | Alliancebernstein Gl Hi INC | Stock-Other | 3.44% | -0.11% | -1.99% | |
| 6 | CSQ | Calamos Strat Ttl Rtrn Fnd | Stock-Other | 3.38% | -0.17% | +2.64% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.34% | +0.09% | +3.71% | |
| 8 | RFI | Cohen & Steers Tot Ret Rlty | Stock-Other | 3.25% | +0.20% | +1.69% | |
| 9 | VGT | Vanguard Info Tech ETF | ETF-Tech | 2.92% | +0.03% | +5.31% | |
| 10 | AAPL | Apple INC | Stock-Tech | 2.76% | +0.17% | +9.77% | |
| 11 | FFA | First Trust Enhan Eqty INC | Stock-Other | 2.68% | -0.11% | -0.28% | |
| 12 | MCI | Barings Corporate Investors | Stock-Other | 2.56% | -0.08% | -1.83% | |
| 13 | UTG | Reaves Utility Income Fund | Stock-Other | 2.54% | +0.21% | -2.11% | |
| 14 | PCN | Pimco Corporate & Income Str | Stock-Other | 2.50% | — | +7.33% | |
| 15 | BTZ | Blackrock Credit Allocation | Stock-Other | 2.39% | -0.11% | -1.08% | |
| 16 | PDI | Pimco Dynamic Income Fund | Stock-Financials | 2.39% | +0.22% | +9.36% | |
| 17 | NLY | Annaly Capital Management In | Stock-Real Estate | 2.29% | — | +4.80% | |
| 18 | XBGYX | Blackrock Enh Intl Dvd Tr | Stock-Other | 2.24% | -0.16% | -2.63% | |
| 19 | PSF | Cohen & Steers Select Prefer | Stock-Other | 2.17% | -0.05% | -1.35% | |
| 20 | VIS | Vanguard Industrials ETF | ETF-Other | 2.12% | +0.36% | +10.92% | |
| 21 | UTF | Cohen & Steers Infrastructur | Stock-Other | 2.11% | +0.19% | -1.88% | |
| 22 | FLC | Flaherty & Crumrine Ttl Rtrn | Stock-Other | 1.80% | -0.04% | -1.19% | |
| 23 | HQH | Abrdn Healthcare Investors | Stock-Other | 1.76% | -0.07% | -1.54% | |
| 24 | PTY | Pimco Corporate & Income Opp | Stock-Other | 1.71% | -0.02% | +1.74% | |
| 25 | DSU | Blackrock Debt Strategies | Stock-Other | 1.64% | +0.10% | +9.05% | |
| 26 | DFP | Flaherty & Crumrine Dyn Pref | Stock-Other | 1.64% | -0.02% | -1.88% | |
| 27 | GOF | Guggenheim Strategic Opport | Stock-Other | 1.31% | — | +12.94% | |
| 28 | BUI | Blckrck Util Infra & Pwr Opp | Stock-Other | 1.21% | — | +0.14% | |
| 29 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.16% | +0.09% | +15.59% | |
| 30 | ASGI | Abrdn Global Infrastructure | Stock-Other | 1.13% | — | -1.67% | |
| 31 | XSORX | Source Capital INC | Stock-Other | 1.12% | — | -0.42% | |
| 32 | GDO | Western Ast Glb CORP Opprnty | Stock-Other | 1.04% | -0.09% | -2.60% | |
| 33 | XFFCX | Flaherty & Crumrine Pref INC | Stock-Other | 1.02% | — | +4.01% | |
| 34 | MPV | Barings Participation Invest | Stock-Other | 1.01% | +0.09% | -2.44% | |
| 35 | NVG | Nuveen Amt-fr Muni Crdt | Stock-Other | 0.93% | -0.01% | -2.83% | |
| 36 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.92% | +0.24% | +39.71% | |
| 37 | MSFT | Microsoft CORP | Stock-Tech | 0.86% | +0.51% | +211.78% | |
| 38 | VTV | Vanguard Value ETF | ETF-Other | 0.86% | +0.12% | +8.32% | |
| 39 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.78% | — | +7.45% | |
| 40 | XRNPX | Cohen & Steers Reit And Pref | Stock-Other | 0.77% | +0.19% | +27.14% | |
| 41 | VB | Vanguard Small-cap ETF | ETF-Other | 0.73% | +0.07% | +4.70% | |
| 42 | PFD | Flaherty & Crumrin Pre&inc F | Stock-Other | 0.71% | -0.26% | -30.07% | |
| 43 | SPH | Suburban Propane Partners LP | Stock-Other | 0.71% | +0.06% | -0.72% | |
| 44 | OHI | Omega Healthcare Investors | Stock-Real Estate | 0.62% | — | -0.90% | |
| 45 | BLW | Blackrock LTD Durat INC Tr | Stock-Other | 0.59% | -0.03% | +1.05% | |
| 46 | XBMEX | Blackrock Health Sciences | Stock-Other | 0.55% | +0.11% | +28.28% | |
| 47 | VDE | Vanguard Energy ETF | ETF-Other | 0.53% | +0.21% | +15.45% | |
| 48 | STK | Columbia Slgmn Prem Tech Gr | Stock-Other | 0.52% | — | — | |
| 49 | XLV | Ss Health Care Select Sector | ETF-Other | 0.52% | — | +4.31% | |
| 50 | HYT | Blackrock CORP Hi Yld | Stock-Other | 0.52% | — | +8.23% |
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+8.9%
Based on 70% of reported portfolio value with available pricing
Smith Asset Management Co., LLC's most significant position changes for 2026-03-31: Sold out: Equitable Holdings INC (EQH); New buy: Flaherty & Crumrine P&i Opp (PFO); Sold out: Eaton Vance T/a Gl Dvd Incm (ETG); New buy: Putnam Municipal Oppor (PMO); Add: Microsoft CORP (MSFT) — shares +211.78%.
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-19 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-03 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-11-03 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-19 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-07-16 | 13F-HR | View on EDGAR |
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