13F HOLDINGS REPORT
Smith Asset Management Co., LLC
Quarter ended Q4 2025 · Filed February 19, 2026 · Accession 0001172661-26-001310
Total Value
$121.1M
Positions
70
Other Managers
0
Confidential Omitted
No
Holdings (70)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 14,945 | $7.5M | 6.20% |
| 2 | NUVEEN PFD & INCOME OPPORTUN | NU | 926,024 | $7.5M | 6.20% |
| 3 | ARES CAPITAL CORP | ARCC | 315,198 | $6.4M | 5.26% |
| 4 | CALAMOS STRATEGIC TOTAL RETU | CSQ | 223,949 | $4.3M | 3.55% |
| 5 | ALLIANCEBERNSTEIN GLOBAL HIG | AWF | 402,102 | $4.3M | 3.55% |
| 6 | DNP SELECT INCOME FD INC | 23325P104 | 409,725 | $4.1M | 3.38% |
| 7 | SPDR S&P 500 ETF TR | SPY | 5,767 | $3.9M | 3.25% |
| 8 | EQUITABLE HLDGS INC | EQH-PC | 82,004 | $3.9M | 3.23% |
| 9 | COHEN & STEERS TOTAL RETURN | 19247R103 | 333,986 | $3.7M | 3.05% |
| 10 | VANGUARD WORLD FD | 92204A702 | 4,637 | $3.5M | 2.89% |
| 11 | FIRST TR ENHANCED EQUITY INC | 337318109 | 153,668 | $3.4M | 2.79% |
| 12 | BARINGS CORPORATE INVS | 06759X107 | 176,145 | $3.2M | 2.64% |
| 13 | APPLE INC | AAPL | 11,538 | $3.1M | 2.59% |
| 14 | BLACKROCK CR ALLOCATION INCO | BLK | 279,316 | $3.0M | 2.50% |
| 15 | BLACKROCK ENHANCED INTL DIV | BLK | 494,899 | $2.9M | 2.40% |
| 16 | PIMCO CORPORATE & INCM STRG | 72200U100 | 227,754 | $2.9M | 2.40% |
| 17 | REAVES UTIL INCOME FD | 756158101 | 77,007 | $2.8M | 2.33% |
| 18 | ANNALY CAPITAL MANAGEMENT IN | NLY-PJ | 120,236 | $2.7M | 2.22% |
| 19 | COHEN & STEERS SELECT PFD & | 19248Y107 | 132,349 | $2.7M | 2.22% |
| 20 | PIMCO DYNAMIC INCOME FD | 72201Y101 | 148,579 | $2.6M | 2.17% |
| 21 | COHEN & STEERS INFRASTRUCTUR | 19248A109 | 96,702 | $2.3M | 1.92% |
| 22 | FLAHERTY & CRUMRINE TOTAL RE | FLC | 127,651 | $2.2M | 1.84% |
| 23 | ABRDN HEALTHCARE INVESTORS | HQH | 117,060 | $2.2M | 1.83% |
| 24 | VANGUARD WORLD FD | 92204A603 | 7,127 | $2.1M | 1.76% |
| 25 | PIMCO CORPORATE & INCOME OPP | PTY | 162,381 | $2.1M | 1.73% |
| 26 | FLAHERTY & CRUMRINE DYNAMIC | DFP | 96,884 | $2.0M | 1.66% |
| 27 | BLACKROCK DEBT STRATEGIES FD | BLK | 182,965 | $1.9M | 1.54% |
| 28 | GUGGENHEIM STRATEGIC OPPORTU | GOF | 123,059 | $1.6M | 1.31% |
| 29 | BLACKROCK UTILS INFRASTRUCTU | BLK | 53,262 | $1.4M | 1.13% |
| 30 | WSTRN AST GLBL CORP OPP FD I | 95790C107 | 115,663 | $1.4M | 1.13% |
| 31 | ABRDN GLOBAL INFRA INCOME FU | 00326W106 | 59,649 | $1.3M | 1.10% |
| 32 | SOURCE CAPITAL | SOR | 28,345 | $1.3M | 1.07% |
| 33 | AMAZON COM INC | AMZN | 5,618 | $1.3M | 1.07% |
| 34 | FLAHERTY & CRUMRINE PFD SECS | 338478100 | 73,885 | $1.2M | 1.01% |
| 35 | FLAHERTY & CRUMRINE PFD INCO | 338480106 | 105,918 | $1.2M | 0.97% |
| 36 | NUVEEN AMT FREE MUN CR INC F | NU | 90,284 | $1.1M | 0.94% |
| 37 | BARINGS PARTN INVS | 06761A103 | 70,323 | $1.1M | 0.92% |
| 38 | VANGUARD INDEX FDS | 922908744 | 4,700 | $897,671 | 0.74% |
| 39 | SPDR SERIES TRUST | 78464A854 | 10,983 | $881,064 | 0.73% |
| 40 | INVESCO QQQ TR | IVZ | 1,332 | $818,267 | 0.68% |
| 41 | VANGUARD INDEX FDS | 922908751 | 3,109 | $801,980 | 0.66% |
| 42 | SUBURBAN PROPANE PARTNERS L | SPH | 42,320 | $784,616 | 0.65% |
| 43 | BLACKROCK LTD DURATION INCOM | BLK | 54,494 | $748,746 | 0.62% |
| 44 | OMEGA HEALTHCARE INVS INC | 681936100 | 16,651 | $738,339 | 0.61% |
| 45 | COHEN & STEERS REIT & PFD & | 19247X100 | 35,528 | $705,589 | 0.58% |
| 46 | SELECT SECTOR SPDR TR | 81369Y209 | 3,966 | $613,938 | 0.51% |
| 47 | COLUMBIA SELIGM PREM TECH GR | 19842X109 | 16,070 | $591,220 | 0.49% |
| 48 | BLACKROCK CORPOR HI YLD FD I | BLK | 65,407 | $582,126 | 0.48% |
| 49 | VANGUARD INDEX FDS | 922908538 | 1,993 | $556,329 | 0.46% |
| 50 | BLACKROCK HEALTH SCIENCES TR | BLK | 12,885 | $529,961 | 0.44% |
| 51 | MORGAN STANLEY EMKT DBT FD I | MS-PQ | 67,326 | $497,538 | 0.41% |
| 52 | WALMART INC | WMT | 4,449 | $495,663 | 0.41% |
| 53 | HEALTHPEAK PROPERTIES INC | DOC | 27,443 | $441,289 | 0.36% |
| 54 | MICROSOFT CORP | MSFT | 866 | $418,813 | 0.35% |
| 55 | IRON MTN INC DEL | 46284V101 | 4,921 | $408,197 | 0.34% |
| 56 | VANGUARD WORLD FD | 92204A306 | 3,120 | $392,875 | 0.32% |
| 57 | ALPHABET INC | GOOG | 1,020 | $319,260 | 0.26% |
| 58 | DUKE ENERGY CORP NEW | DUKB | 2,703 | $316,822 | 0.26% |
| 59 | SEVEN HILLS REALTY TRUST | SEVN | 32,593 | $290,084 | 0.24% |
| 60 | SELECT SECTOR SPDR TR | 81369Y605 | 5,069 | $277,629 | 0.23% |
| 61 | COHEN & STEERS LTD DURATION | 19248C105 | 11,785 | $249,487 | 0.21% |
| 62 | ALTRIA GROUP INC | MO | 3,871 | $223,205 | 0.18% |
| 63 | LIBERTY ALL-STAR GROWTH FD I | 529900102 | 41,879 | $221,961 | 0.18% |
| 64 | AMGEN INC | AMGN | 661 | $216,352 | 0.18% |
| 65 | EATON VANCE TX ADV GLBL DIV | ETN | 8,928 | $206,237 | 0.17% |
| 66 | ALLIANCEBERNSTEIN NATL MUN I | 01864U106 | 18,203 | $196,957 | 0.16% |
| 67 | WESTERN ASSET PREMIER BD FD | 957664105 | 14,963 | $165,042 | 0.14% |
| 68 | LIBERTY ALL STAR EQUITY FD | 530158104 | 18,651 | $117,141 | 0.10% |
| 69 | DIVERSIFIED HEALTHCARE TR | DHCNL | 22,293 | $108,124 | 0.09% |
| 70 | SERVICE PPTYS TR | 81761L102 | 18,252 | $33,583 | 0.03% |