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SMH

Sanders Morris Harris Portfolio holdings

AUM $172M
1-Year Est. Return 22.54%
This Fund
S&P 500
This Quarter Est. Return
-0.06%
1 Year Est. Return
+22.54%
3 Year Est. Return
+83.06%
5 Year Est. Return
+84.26%
10 Year Est. Return
+281.97%
AUM
$64.7M
AUM Growth
-$693M
Cap. Flow
-$696M
Cap. Flow %
-1,075.04%
Top 10 Hldgs %
85.43%
Holding
312
New
5
Increased
1
Reduced
12
Closed
277

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$3.12M
2
SOLT
2x Solana ETF
SOLT
+$1.55M
3
GDX icon
VanEck Gold Miners ETF
GDX
+$750K
4
AKRE
Akre Focus ETF
AKRE
+$348K
5
NVT icon
nVent Electric
NVT
+$208K

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$119M
2
BX icon
Blackstone
BX
+$91.1M
3
NVDA icon
NVIDIA
NVDA
+$34.9M
4
CSWC icon
Capital Southwest
CSWC
+$29.9M
5
AAPL icon
Apple
AAPL
+$29M

Sector Composition

Rank Sector Weight
1 Materials 12.17%
2 Energy 5.29%
3 Consumer Discretionary 4.47%
4 Consumer Staples 4.36%
5 Technology 3.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
276
Union Pacific
UNP
$176B
– –
-2,000
Closed -$473K
UPS icon
277
United Parcel Service
UPS
$91.5B
– –
-3,020
Closed -$252K
USB icon
278
US Bancorp
USB
$100B
– –
-7,560
Closed -$365K
UTI icon
279
Universal Technical Institute
UTI
$2.33B
– –
-10,000
Closed -$326K
V icon
280
Visa
V
$688B
– –
-9,102
Closed -$3.11M
VGAS icon
281
Verde Clean Fuels
VGAS
$34.8M
– –
-82,947
Closed -$253K
VIAV icon
282
Viavi Solutions
VIAV
$9.6B
– –
-12,500
Closed -$159K
VOO icon
283
Vanguard S&P 500 ETF
VOO
$1.01T
– –
-1,120
Closed -$686K
VRT icon
284
Vertiv
VRT
$107B
– –
-7,000
Closed -$1.06M
VSTS icon
285
Vestis
VSTS
$1.84B
– –
-10,460
Closed -$47.4K
VZ icon
286
Verizon
VZ
$193B
– –
-19,948
Closed -$877K
WASH icon
287
Washington Trust Bancorp
WASH
$753M
– –
-7,000
Closed -$202K
WDAY icon
288
Workday
WDAY
$42.1B
– –
-5,250
Closed -$1.26M
WES icon
289
Western Midstream Partners
WES
$19.1B
– –
-6,697
Closed -$263K
WMB icon
290
Williams Companies
WMB
$87.8B
– –
-3,646
Closed -$231K
WM icon
291
Waste Management
WM
$89.7B
– –
-2,542
Closed -$561K
WMT icon
292
Walmart Inc
WMT
$894B
– –
-15,357
Closed -$1.58M
XENE icon
293
Xenon Pharmaceuticals
XENE
$6.19B
– –
-21,500
Closed -$863K
XLK icon
294
State Street Technology Select Sector SPDR ETF
XLK
$122B
– –
-1,892
Closed -$267K
XOM icon
295
ExxonMobil
XOM
$628B
– –
-44,458
Closed -$5.01M
ZBRA icon
296
Zebra Technologies
ZBRA
$17.5B
– –
-2,677
Closed -$795K
OSTX
297
OS Therapies Inc
OSTX
$72.9M
– –
-12,000
Closed -$23.5K
ALAB icon
298
Astera Labs
ALAB
$54.6B
– –
-12,595
Closed -$2.47M
RDDT icon
299
Reddit
RDDT
$29.9B
– –
-2,480
Closed -$570K
GEV icon
300
GE Vernova
GEV
$271B
– –
-1,992
Closed -$1.22M
9 10 11
12
13

Similar funds

GWCM
Godshalk Welsh Capital Management Radnor, Pennsylvania $172M AUM 16.03% 1-Year Est. Return
TA
Tiptree Advisors New York $172M AUM 86.65% 1-Year Est. Return
CRFG
Columbia River Financial Group Vancouver, Washington $172M AUM 13.74% 1-Year Est. Return
BAM
Bullseye Asset Management Denver, Colorado $173M AUM 9.48% 1-Year Est. Return
RPSM
Royalty Pharma Sub-Manager New York $173M AUM
BIA
Benchmark Investment Advisors Chicago, Illinois $172M AUM
SPF
South Plains Financial Lubbock, Texas $172M AUM 21.06% 1-Year Est. Return
KIM
Kurv Investment Management San Francisco, California $173M AUM

Sanders Morris Harris's Q4 2025 Portfolio in Review

As of Q4 2025, Sanders Morris Harris held 312 positions worth $64.7M, down 91% from $758M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Sanders Morris Harris withdrew a net $696M in Q4 2025, closing 277 positions and reducing 12 holdings. Its most notable exit was Blackstone, an estimated $91.1M position sold in full.

By sector, the portfolio is most concentrated in Materials at 12% of assets, up from 1.5% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Sanders Morris Harris opened a new position in Alibaba worth $2.89M.

  • Sanders Morris Harris's largest Q4 2025 buy was Alibaba: 19,170 shares worth $2.89M.
  • Sanders Morris Harris added most to Arm in Q4 2025, an estimated $182K increase.
  • Sanders Morris Harris's biggest Q4 2025 reduction was Invesco QQQ Trust, cutting an estimated $119M.
  • Sanders Morris Harris fully exited Blackstone in Q4 2025, selling an estimated $91.1M.
  • Sanders Morris Harris's ten largest holdings make up 85% of its $64.7M portfolio in Q4 2025.
  • Sanders Morris Harris opened 5 new positions and closed 277 in Q4 2025.
  • Sanders Morris Harris's portfolio value fell 91% quarter-over-quarter to $64.7M.

Based on Sanders Morris Harris's 13F filing for Q4 2025, filed 8 Jan 2026.