Smi Advisory Services LLC: Q2 2026 Investment Activity Analysis

As part of its regular portfolio management process, Smi Advisory Services LLC, a registered investment advisor, made various adjustments to its holdings during the second quarter ending June 30th. This analysis focuses on changes observed in their portfolio based on available disclosures.

Significant Purchases During Q2

Smi Advisory Services showed notable buying activity this quarter across several exchange-traded funds (ETFs) and trusts, increasing positions significantly:

• SCHWAB STRATEGIC TR (SCHF): The firm increased its position by an extraordinary amount of 473,548 shares, representing a staggering 1686.66% change from the previous quarter.
• ISHARES TR (USRT): Smi added 377,626 new shares of this trust, effectively doubling its position with a 100% increase in the quarter.
• ISHARES INC (EMXC): The investor purchased a substantial number of shares, increasing holdings by over 2.2 million shares (262,462%) and boosting its allocation significantly.
• SPDR SERIES TRUST (XSD): Smi bought an additional 36,067 shares of this trust during the quarter, resulting in a position increase with no change percentage reported.
• SELECT SECTOR SPDR TR (XLK): The firm increased its holdings by purchasing an additional 39,627 shares of this ETF during the quarter.

Notable Sales and Exits During Q2

In contrast to their buying activity, Smi also reduced or exited positions in several trusts:

• SPROTT ASSET MANAGEMENT LP (PHYS): The firm sold off a significant portion of this holding, reducing the position by over 700,000 shares (-77.0%) during the quarter.
• SPDR GOLD TR (GLD): Smi disposed of almost their entire holding in this gold ETF, reducing the position by nearly all its value (-97.47%) and exiting it almost completely.
• SELECT SECTOR SPDR TR (XLE): The investor sold off a substantial part of their holdings in this energy sector ETF, decreasing the position by over half (-78.45%) during the quarter.
• SELECT SECTOR SPDR TR (XLF): Smi reduced its holding in this financial services sector ETF by nearly three-quarters (-76.93%) of the previous position.
• SELECT SECTOR SPDR TR (XLK) - wait, XLK is listed separately above as a purchase? Let's check: In changed_holdings, XLY has change_percent_from_prior_period of -74.17%, meaning Smi sold off most of their position in the consumer discretionary sector ETF.
• WISDOMTREE TR (DLN): While not a complete exit, this was a significant reduction for Smi. They decreased holdings by over 10,000 shares (-307.66%) from the previous quarter.

The overall portfolio value stood at $265,103,511 as of June 30th, 2026, reflecting these changes alongside other holdings not explicitly detailed in this change report but contributing to the final allocation. The buying activity suggests confidence or strategic interest in certain trusts and sector funds during Q2.