Smith Asset Management Co., LLC Diversified Active

Name: Smith Asset Management Co., LLC Q1 2026 13F Filing | 13F Explorer
Creator: Smith Asset Management Co., LLC
Published: 2026-05-15

Location: Chiefland, FL

CIK: 0002068217 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $117M (100.0% shares, 0.0% debt)

Holdings (71)

New Positions (3)

— FLAHERTY & CRUMRINE PFD INCO 0.2%

Value $288K Shares 31,818 Est. Cost — Unrealized —

— PUTNAM MUN OPPORTUNITIES TR 0.1%

Value $142K Shares 13,742 Est. Cost — Unrealized —

BUI-R BLACKROCK UTILS INFRASTRUCTU 0.0%

Value $426 Shares 53,294 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	FLAHERTY & CRUMRINE PFD INCO	31,818	$288K	0.2%	—	—	COM	33848E106
—	PUTNAM MUN OPPORTUNITIES TR	13,742	$142K	0.1%	—	—	SH BEN INT	746922103
BUI-R	BLACKROCK UTILS INFRASTRUCTU	53,294	$426	0.0%	—	—	RIGHT 04/02/2026	09248D112

Increased Positions (31)

MSFT MICROSOFT CORP 0.9%

Value $999K (+138.6%) Shares 2,700 (+211.8%) Est. Cost — Unrealized —

— CALAMOS STRATEGIC TOTAL RETU 3.4%

Value $3.935M (-8.5%) Shares 229,856 (+2.6%) Est. Cost — Unrealized —

VIS VANGUARD WORLD FD 2.1%

Value $2.468M (+16.1%) Shares 7,905 (+10.9%) Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 0.9%

Value $1.074M (+31.3%) Shares 1,861 (+39.7%) Est. Cost — Unrealized —

VDE VANGUARD WORLD FD 0.5%

Value $623K (+58.6%) Shares 3,602 (+15.4%) Est. Cost — Unrealized —

— COHEN & STEERS REIT & PFD & 0.8%

Value $893K (+26.5%) Shares 45,170 (+27.1%) Est. Cost — Unrealized —

ARCC ARES CAPITAL CORP 5.3%

Value $6.204M (-2.7%) Shares 344,279 (+9.2%) Est. Cost — Unrealized —

— PIMCO DYNAMIC INCOME FD 2.4%

Value $2.78M (+5.7%) Shares 162,492 (+9.4%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 0.4%

Value $454K (+42.3%) Shares 1,580 (+54.9%) Est. Cost — Unrealized —

— COHEN & STEERS LTD DURATION 0.3%

Value $380K (+52.2%) Shares 19,016 (+61.4%) Est. Cost — Unrealized —

— BLACKROCK HEALTH SCIENCES TR 0.5%

Value $637K (+20.1%) Shares 16,529 (+28.3%) Est. Cost — Unrealized —

— PIMCO CORPORATE & INCOME OPP 1.7%

Value $1.992M (-4.9%) Shares 165,202 (+1.7%) Est. Cost — Unrealized —

VTV VANGUARD INDEX FDS 0.9%

Value $999K (+11.3%) Shares 5,091 (+8.3%) Est. Cost — Unrealized —

— COHEN & STEERS TOTAL RETURN 3.2%

Value $3.783M (+2.5%) Shares 339,631 (+1.7%) Est. Cost — Unrealized —

VGT VANGUARD WORLD FD 2.9%

Value $3.407M (-2.5%) Shares 4,883 (+5.3%) Est. Cost — Unrealized —

AAPL APPLE INC 2.8%

Value $3.214M (+2.5%) Shares 12,665 (+9.8%) Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 6.4%

Value $7.448M (-0.9%) Shares 15,543 (+4.0%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 1.2%

Value $1.353M (+4.3%) Shares 6,494 (+15.6%) Est. Cost — Unrealized —

— BLACKROCK LTD DURATION INCOM 0.6%

Value $693K (-7.4%) Shares 55,065 (+1.0%) Est. Cost — Unrealized —

— GUGGENHEIM STRATEGIC OPPORTU 1.3%

Value $1.532M (-3.4%) Shares 138,980 (+12.9%) Est. Cost — Unrealized —

— BLACKROCK DEBT STRATEGIES FD 1.6%

Value $1.914M (+2.7%) Shares 199,531 (+9.1%) Est. Cost — Unrealized —

VB VANGUARD INDEX FDS 0.7%

Value $853K (+6.3%) Shares 3,255 (+4.7%) Est. Cost — Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 3.3%

Value $3.89M (-1.1%) Shares 5,981 (+3.7%) Est. Cost — Unrealized —

— FLAHERTY & CRUMRIN PFD & INM 1.0%

Value $1.19M (-2.4%) Shares 76,850 (+4.0%) Est. Cost — Unrealized —

— WESTERN ASSET PREMIER BD FD 0.2%

Value $194K (+17.7%) Shares 18,367 (+22.7%) Est. Cost — Unrealized —

NLY ANNALY CAPITAL MANAGEMENT IN 2.3%

Value $2.665M (-0.9%) Shares 126,009 (+4.8%) Est. Cost — Unrealized —

SPYM SPDR SERIES TRUST 0.8%

Value $903K (+2.5%) Shares 11,801 (+7.4%) Est. Cost — Unrealized —

— BLACKROCK CORPOR HI YLD FD I 0.5%

Value $603K (+3.6%) Shares 70,789 (+8.2%) Est. Cost — Unrealized —

— MORGAN STANLEY EMKT DBT FD I 0.4%

Value $505K (+1.5%) Shares 71,947 (+6.9%) Est. Cost — Unrealized —

XLV SELECT SECTOR SPDR TR 0.5%

Value $607K (-1.2%) Shares 4,137 (+4.3%) Est. Cost — Unrealized —

— PIMCO CORPORATE & INCM STRG 2.5%

Value $2.909M (+0.1%) Shares 244,440 (+7.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	2,700 (+211.8%)	$999K (+138.6%)	0.9%	—	—	COM	594918104
—	CALAMOS STRATEGIC TOTAL RETU	229,856 (+2.6%)	$3.935M (-8.5%)	3.4%	—	—	COM SH BEN INT	128125101
VIS	VANGUARD WORLD FD	7,905 (+10.9%)	$2.468M (+16.1%)	2.1%	—	—	INDUSTRIAL ETF	92204A603
QQQ	INVESCO QQQ TR	1,861 (+39.7%)	$1.074M (+31.3%)	0.9%	—	—	UNIT SER 1	46090E103
VDE	VANGUARD WORLD FD	3,602 (+15.4%)	$623K (+58.6%)	0.5%	—	—	ENERGY ETF	92204A306
—	COHEN & STEERS REIT & PFD &	45,170 (+27.1%)	$893K (+26.5%)	0.8%	—	—	COM	19247X100
ARCC	ARES CAPITAL CORP	344,279 (+9.2%)	$6.204M (-2.7%)	5.3%	—	—	COM	04010L103
—	PIMCO DYNAMIC INCOME FD	162,492 (+9.4%)	$2.78M (+5.7%)	2.4%	—	—	SHS	72201Y101
GOOGL	ALPHABET INC	1,580 (+54.9%)	$454K (+42.3%)	0.4%	—	—	CAP STK CL A	02079K305
—	COHEN & STEERS LTD DURATION	19,016 (+61.4%)	$380K (+52.2%)	0.3%	—	—	COM	19248C105
—	BLACKROCK HEALTH SCIENCES TR	16,529 (+28.3%)	$637K (+20.1%)	0.5%	—	—	COM	09250W107
—	PIMCO CORPORATE & INCOME OPP	165,202 (+1.7%)	$1.992M (-4.9%)	1.7%	—	—	COM	72201B101
VTV	VANGUARD INDEX FDS	5,091 (+8.3%)	$999K (+11.3%)	0.9%	—	—	VALUE ETF	922908744
—	COHEN & STEERS TOTAL RETURN	339,631 (+1.7%)	$3.783M (+2.5%)	3.2%	—	—	COM	19247R103
VGT	VANGUARD WORLD FD	4,883 (+5.3%)	$3.407M (-2.5%)	2.9%	—	—	INF TECH ETF	92204A702
AAPL	APPLE INC	12,665 (+9.8%)	$3.214M (+2.5%)	2.8%	—	—	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC DEL	15,543 (+4.0%)	$7.448M (-0.9%)	6.4%	—	—	CL B NEW	084670702
AMZN	AMAZON COM INC	6,494 (+15.6%)	$1.353M (+4.3%)	1.2%	—	—	COM	023135106
—	BLACKROCK LTD DURATION INCOM	55,065 (+1.0%)	$693K (-7.4%)	0.6%	—	—	COM SHS	09249W101
—	GUGGENHEIM STRATEGIC OPPORTU	138,980 (+12.9%)	$1.532M (-3.4%)	1.3%	—	—	COM SBI	40167F101
—	BLACKROCK DEBT STRATEGIES FD	199,531 (+9.1%)	$1.914M (+2.7%)	1.6%	—	—	COM NEW	09255R202
VB	VANGUARD INDEX FDS	3,255 (+4.7%)	$853K (+6.3%)	0.7%	—	—	SMALL CP ETF	922908751
SPY	STATE STR SPDR S&P 500 ETF T	5,981 (+3.7%)	$3.89M (-1.1%)	3.3%	—	—	TR UNIT	78462F103
—	FLAHERTY & CRUMRIN PFD & INM	76,850 (+4.0%)	$1.19M (-2.4%)	1.0%	—	—	COM	338478100
—	WESTERN ASSET PREMIER BD FD	18,367 (+22.7%)	$194K (+17.7%)	0.2%	—	—	SHS BEN INT	957664105
NLY	ANNALY CAPITAL MANAGEMENT IN	126,009 (+4.8%)	$2.665M (-0.9%)	2.3%	—	—	COM NEW	035710839
SPYM	SPDR SERIES TRUST	11,801 (+7.4%)	$903K (+2.5%)	0.8%	—	—	STATE STREET SPD	78464A854
—	BLACKROCK CORPOR HI YLD FD I	70,789 (+8.2%)	$603K (+3.6%)	0.5%	—	—	COM	09255P107
—	MORGAN STANLEY EMKT DBT FD I	71,947 (+6.9%)	$505K (+1.5%)	0.4%	—	—	COM	61744H105
XLV	SELECT SECTOR SPDR TR	4,137 (+4.3%)	$607K (-1.2%)	0.5%	—	—	STATE STREET HEA	81369Y209
—	PIMCO CORPORATE & INCM STRG	244,440 (+7.3%)	$2.909M (+0.1%)	2.5%	—	—	COM	72200U100

Exited Positions (2)

EQH EQUITABLE HLDGS INC 3.4%

Value $3.907M Shares 82,004 Est. Cost — Unrealized —

— EATON VANCE TX ADV GLBL DIV 0.2%

Value $206K Shares 8,928 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EQH	EQUITABLE HLDGS INC	82,004	$3.907M	3.4%	—	—	—	29452E101
—	EATON VANCE TX ADV GLBL DIV	8,928	$206K	0.2%	—	—	—	27828S101

Decreased Positions (24)

— NUVEEN PFD & INCOME OPPORTUN 5.9%

Value $6.872M (-8.5%) Shares 911,404 (-1.6%) Est. Cost — Unrealized —

— FLAHERTY & CRUMRINE PFD INCO 0.7%

Value $828K (-29.8%) Shares 74,065 (-30.1%) Est. Cost — Unrealized —

— BLACKROCK ENHANCED INTL DIV 2.2%

Value $2.607M (-10.4%) Shares 481,880 (-2.6%) Est. Cost — Unrealized —

— ALLIANCEBERNSTEIN GLOBAL HIG 3.4%

Value $4.008M (-6.8%) Shares 394,097 (-2.0%) Est. Cost — Unrealized —

— BLACKROCK CR ALLOCATION 2.4%

Value $2.791M (-7.8%) Shares 276,288 (-1.1%) Est. Cost — Unrealized —

MCI BARINGS CORPORATE INVS 2.6%

Value $2.981M (-6.8%) Shares 172,921 (-1.8%) Est. Cost — Unrealized —

— ABRDN HEALTHCARE INVESTORS 1.8%

Value $2.051M (-7.5%) Shares 115,261 (-1.5%) Est. Cost — Unrealized —

— WSTRN AST GLBL CORP OPP FD I 1.0%

Value $1.212M (-11.2%) Shares 112,660 (-2.6%) Est. Cost — Unrealized —

— COHEN & STEERS SELECT PFD & 2.2%

Value $2.532M (-5.7%) Shares 130,560 (-1.4%) Est. Cost — Unrealized —

— REAVES UTIL INCOME FD 2.5%

Value $2.961M (+5.1%) Shares 75,380 (-2.1%) Est. Cost — Unrealized —

— FLAHERTY & CRUMRINE TOTAL RE 1.8%

Value $2.094M (-6.3%) Shares 126,131 (-1.2%) Est. Cost — Unrealized —

— COHEN & STEERS INFRASTRUCTUR 2.1%

Value $2.455M (+5.3%) Shares 94,880 (-1.9%) Est. Cost — Unrealized —

— FLAHERTY & CRUMRINE DYNAMIC 1.6%

Value $1.908M (-5.3%) Shares 95,067 (-1.9%) Est. Cost — Unrealized —

IRM IRON MTN INC DEL 0.4%

Value $486K (+19.0%) Shares 4,756 (-3.4%) Est. Cost — Unrealized —

— NUVEEN AMT FREE MUN CR INC F 0.9%

Value $1.082M (-5.4%) Shares 87,725 (-2.8%) Est. Cost — Unrealized —

MPV BARINGS PARTN INVS 1.0%

Value $1.176M (+5.2%) Shares 68,610 (-2.4%) Est. Cost — Unrealized —

— DNP SELECT INCOME FD INC 3.6%

Value $4.14M (+1.1%) Shares 401,931 (-1.9%) Est. Cost — Unrealized —

XLF SELECT SECTOR SPDR TR 0.2%

Value $234K (-15.7%) Shares 4,742 (-6.5%) Est. Cost — Unrealized —

DUK DUKE ENERGY CORP NEW 0.3%

Value $348K (+9.7%) Shares 2,654 (-1.8%) Est. Cost — Unrealized —

SEVN SEVEN HILLS REALTY TRUST 0.2%

Value $263K (-9.2%) Shares 32,053 (-1.7%) Est. Cost — Unrealized —

— LIBERTY ALL-STAR GROWTH FD I 0.2%

Value $197K (-11.4%) Shares 41,379 (-1.2%) Est. Cost — Unrealized —

MO ALTRIA GROUP INC 0.2%

Value $247K (+10.5%) Shares 3,736 (-3.5%) Est. Cost — Unrealized —

— ABRDN GLOBAL INFRA INCOME FU 1.1%

Value $1.312M (-1.7%) Shares 58,654 (-1.7%) Est. Cost — Unrealized —

SVC SERVICE PPTYS TR 0.0%

Value $24,257 (-27.8%) Shares 17,902 (-1.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NUVEEN PFD & INCOME OPPORTUN	911,404 (-1.6%)	$6.872M (-8.5%)	5.9%	—	—	COM	67073B106
—	FLAHERTY & CRUMRINE PFD INCO	74,065 (-30.1%)	$828K (-29.8%)	0.7%	—	—	COM	338480106
—	BLACKROCK ENHANCED INTL DIV	481,880 (-2.6%)	$2.607M (-10.4%)	2.2%	—	—	COM BENE INTER	092524107
—	ALLIANCEBERNSTEIN GLOBAL HIG	394,097 (-2.0%)	$4.008M (-6.8%)	3.4%	—	—	COM	01879R106
—	BLACKROCK CR ALLOCATION	276,288 (-1.1%)	$2.791M (-7.8%)	2.4%	—	—	COM	092508100
MCI	BARINGS CORPORATE INVS	172,921 (-1.8%)	$2.981M (-6.8%)	2.6%	—	—	COM	06759X107
—	ABRDN HEALTHCARE INVESTORS	115,261 (-1.5%)	$2.051M (-7.5%)	1.8%	—	—	SH BEN INT	87911J103
—	WSTRN AST GLBL CORP OPP FD I	112,660 (-2.6%)	$1.212M (-11.2%)	1.0%	—	—	COM	95790C107
—	COHEN & STEERS SELECT PFD &	130,560 (-1.4%)	$2.532M (-5.7%)	2.2%	—	—	COM	19248Y107
—	REAVES UTIL INCOME FD	75,380 (-2.1%)	$2.961M (+5.1%)	2.5%	—	—	COM SH BEN INT	756158101
—	FLAHERTY & CRUMRINE TOTAL RE	126,131 (-1.2%)	$2.094M (-6.3%)	1.8%	—	—	COM	338479108
—	COHEN & STEERS INFRASTRUCTUR	94,880 (-1.9%)	$2.455M (+5.3%)	2.1%	—	—	COM	19248A109
—	FLAHERTY & CRUMRINE DYNAMIC	95,067 (-1.9%)	$1.908M (-5.3%)	1.6%	—	—	SHS	33848W106
IRM	IRON MTN INC DEL	4,756 (-3.4%)	$486K (+19.0%)	0.4%	—	—	COM	46284V101
—	NUVEEN AMT FREE MUN CR INC F	87,725 (-2.8%)	$1.082M (-5.4%)	0.9%	—	—	COM	67071L106
MPV	BARINGS PARTN INVS	68,610 (-2.4%)	$1.176M (+5.2%)	1.0%	—	—	SH BEN INT	06761A103
—	DNP SELECT INCOME FD INC	401,931 (-1.9%)	$4.14M (+1.1%)	3.6%	—	—	COM	23325P104
XLF	SELECT SECTOR SPDR TR	4,742 (-6.5%)	$234K (-15.7%)	0.2%	—	—	STATE STREET FIN	81369Y605
DUK	DUKE ENERGY CORP NEW	2,654 (-1.8%)	$348K (+9.7%)	0.3%	—	—	COM NEW	26441C204
SEVN	SEVEN HILLS REALTY TRUST	32,053 (-1.7%)	$263K (-9.2%)	0.2%	—	—	COM	81784E101
—	LIBERTY ALL-STAR GROWTH FD I	41,379 (-1.2%)	$197K (-11.4%)	0.2%	—	—	COM	529900102
MO	ALTRIA GROUP INC	3,736 (-3.5%)	$247K (+10.5%)	0.2%	—	—	COM	02209S103
—	ABRDN GLOBAL INFRA INCOME FU	58,654 (-1.7%)	$1.312M (-1.7%)	1.1%	—	—	COM SHS BEN INT	00326W106
SVC	SERVICE PPTYS TR	17,902 (-1.9%)	$24,257 (-27.8%)	0.0%	—	—	COM SH BEN INT	81761L102

Unchanged Positions (13)

— FIRST TR ENHANCED EQUITY 2.7%

Value $3.126M Shares 153,242 Est. Cost — Unrealized —

WMT WALMART INC 0.5%

Value $554K Shares 4,459 Est. Cost — Unrealized —

VOT VANGUARD INDEX FDS 0.4%

Value $512K Shares 1,991 Est. Cost — Unrealized —

SPH SUBURBAN PROPANE PARTNERS L 0.7%

Value $827K Shares 42,016 Est. Cost — Unrealized —

DHC DIVERSIFIED HEALTHCARE TR 0.1%

Value $148K Shares 22,293 Est. Cost — Unrealized —

— BLACKROCK UTILS INFRASTRUCTU 1.2%

Value $1.407M Shares 53,335 Est. Cost — Unrealized —

— COLUMBIA SELIGM PREM TECH GR 0.5%

Value $610K Shares 16,070 Est. Cost — Unrealized —

AMGN AMGEN INC 0.2%

Value $233K Shares 661 Est. Cost — Unrealized —

OHI OMEGA HEALTHCARE INVS INC 0.6%

Value $723K Shares 16,501 Est. Cost — Unrealized —

— LIBERTY ALL STAR EQUITY FD 0.1%

Value $103K Shares 18,552 Est. Cost — Unrealized —

— SOURCE CAPITAL 1.1%

Value $1.307M Shares 28,226 Est. Cost — Unrealized —

DOC HEALTHPEAK PROPERTIES INC 0.4%

Value $450K Shares 27,393 Est. Cost — Unrealized —

— ALLIANCEBERNSTEIN NATL MUN I 0.2%

Value $195K Shares 18,203 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	FIRST TR ENHANCED EQUITY	153,242	$3.126M	2.7%	—	—	COM	337318109
WMT	WALMART INC	4,459	$554K	0.5%	—	—	COM	931142103
VOT	VANGUARD INDEX FDS	1,991	$512K	0.4%	—	—	MCAP GR IDXVIP	922908538
SPH	SUBURBAN PROPANE PARTNERS L	42,016	$827K	0.7%	—	—	UNIT LTD PARTN	864482104
DHC	DIVERSIFIED HEALTHCARE TR	22,293	$148K	0.1%	—	—	COM SH BEN INT	25525P107
—	BLACKROCK UTILS INFRASTRUCTU	53,335	$1.407M	1.2%	—	—	COM	09248D104
—	COLUMBIA SELIGM PREM TECH GR	16,070	$610K	0.5%	—	—	COM	19842X109
AMGN	AMGEN INC	661	$233K	0.2%	—	—	COM	031162100
OHI	OMEGA HEALTHCARE INVS INC	16,501	$723K	0.6%	—	—	COM	681936100
—	LIBERTY ALL STAR EQUITY FD	18,552	$103K	0.1%	—	—	SH BEN INT	530158104
—	SOURCE CAPITAL	28,226	$1.307M	1.1%	—	—	COM SHS OF BEN I	836144303
DOC	HEALTHPEAK PROPERTIES INC	27,393	$450K	0.4%	—	—	COM	42250P103
—	ALLIANCEBERNSTEIN NATL MUN I	18,203	$195K	0.2%	—	—	COM	01864U106