Smith Asset Management Co., Llc Portfolio Activity in Q2 2026

Smith Asset Management Co., Llc's portfolio saw significant activity in Q2 2026. The firm managed a total value of $125,821,194 as of June 30th.

Purchasing Power: Smith demonstrated strong buying interest this quarter by substantially increasing its holdings in several assets. Notably, the fund purchased VANGUARD WORLD FD (VGT) with a 100% increase in shares (+40797%). Similarly, it added significant positions to FIRST TR EXCHANGE-TRADED FD (GRID), acquiring all shares from the previous quarter. The investor also made a large purchase of OUTFRONT MEDIA INC (OUT) (+19354% increase). Furthermore, substantial increases were observed in other holdings like ALLIANCEBERNSTEIN GLOBAL HIG (XAWFX), though the share change was negative (-7517), it still represents a significant position increase.

Sales and Reductions: The firm also saw activity in exiting or reducing positions. NUVEEN PFD & INCOME OPPORTUN (JPC) experienced a slight reduction (-20542 shares, -2.25%). Similarly, DNP SELECT INCOME FD INC (DNP) saw a small decrease (-7517 shares). Other holdings like ALLIANCEBERNSTEIN GLOBAL HIG, COHEN & STEERS TOTAL RETURN (RFI), and DNP SELECT INCOME FD INC also showed decreases, though the percentage changes were relatively small (-1.91%, -1.76%, -1.44%). The fund reduced its position in ARES CAPITAL CORP (ARCC) by +5,487 shares (+1.59%) and decreased holdings of several other assets.

Mixed Activity: Beyond the major changes mentioned above, Smith's portfolio included a variety of other activities during Q2 2026. Holdings like BLACKROCK ENHANCED INTL DIV (XBGYX) saw a small decrease (-3422 shares, -0.71%). The firm also reduced its stake in several other assets including BARINGS CORPORATE INVS, FIRST TR ENHANCED EQUITY (FFA), and BLACKROCK CR ALLOCATION (BTZ). Conversely, the fund increased its position in SEVEN HILLS REALTY TRUST by +4654 shares (+100%) and also added to holdings of ALLIANCEBERNSTEIN GLOBAL HIG, though the share change was negative.

Key Holdings: Despite these changes, certain positions remained significant. The largest holding by value is BRK-B (Berkshire Hathaway Inc), representing 6.27% of the portfolio and showing a modest increase in shares (+377). Apple Inc (AAPL) holds allocation at 3.03%. Other substantial holdings include JPC (Nuveen Pfd & Income Opportunities) and ARCC.

Sector Focus: The portfolio remains heavily concentrated in Financial Services, accounting for 62.65% of the total value. Technology allocation stands at 4.56%, while Real Estate is present but minimal (0.19%). Other sectors like Consumer Cyclical (1.34%), Utilities (0.83%), and Consumer Defensive (0.61%) also have allocations, though their changes during this period are not detailed in the provided data.