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Portfolio (Quarterly) Guide ↗

SMH CAPITAL ADVISORS INC

· CIK 0001180391
13F Portfolio $33M AUM 38 positions Filed Apr 10, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 35 Reduced 20 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SM SM ENERGY COMPANY Energy 1,168.0 $1.2M 3.54% NEW $999.59 -97.3%
2 ALPHATEC HLDGS INC 717.0 $717K 2.17% NEW $999.43
3 EZPW EZCORP INC Financial Services 232.0 $232K 0.70% NEW $1000.10 -96.8%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 76.4%
Real Estate 14.3%
Energy 6.9%
Consumer Cyclical 2.4%