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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
+262.54%
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
ARKK icon
51
ARK Innovation ETF
ARKK
$5.84B
– –
-14,025
Closed -$1.21M
ASPN icon
52
Aspen Aerogels
ASPN
$393M
– –
-40,000
Closed -$278K
ASTS icon
53
AST SpaceMobile
ASTS
$19.1B
– –
-12,569
Closed -$617K
AVGO icon
54
Broadcom
AVGO
$1.86T
– –
-20,713
Closed -$6.83M
AVO icon
55
Mission Produce
AVO
$1.13B
– –
-10,000
Closed -$120K
AXON
56
Axon Enterprise
AXON
$46.1B
– –
-445
Closed -$319K
AXP icon
57
American Express
AXP
$233B
– –
-3,531
Closed -$1.17M
AZN icon
58
AstraZeneca
AZN
$246B
– –
-6,190
Closed -$950K
BA icon
59
Boeing
BA
$184B
– –
-2,475
Closed -$534K
BAC icon
60
Bank of America
BAC
$438B
– –
-8,773
Closed -$453K
BATRK icon
61
Atlanta Braves Holdings Series B
BATRK
$3.27B
– –
-15,150
Closed -$630K
BHC icon
62
Bausch Health
BHC
$2.61B
– –
-28,975
Closed -$187K
BITO icon
63
ProShares Bitcoin Strategy ETF
BITO
$1.42B
– –
-12,716
Closed -$250K
BLK icon
64
Blackrock
BLK
$174B
– –
-1,025
Closed -$1.2M
BMRN icon
65
BioMarin Pharmaceuticals
BMRN
$11.6B
– –
-4,000
Closed -$217K
BMY icon
66
Bristol-Myers Squibb
BMY
$134B
– –
-17,607
Closed -$794K
BP icon
67
BP
BP
$114B
– –
-49,797
Closed -$1.72M
BRK.A icon
68
Berkshire Hathaway Class A
BRK.A
$1.1T
– –
-9
Closed -$6.79M
BRK.B icon
69
Berkshire Hathaway Class B
BRK.B
$1.11T
– –
-1,452
Closed -$730K
BTMD icon
70
Biote Corp
BTMD
$68.2M
– –
-84,608
Closed -$254K
BX icon
71
Blackstone
BX
$107B
– –
-533,400
Closed -$91.1M
CADE
72
DELISTED
Cadence Bank
CADE
– –
-31,864
Closed -$1.2M
CAT icon
73
Caterpillar
CAT
$382B
– –
-1,775
Closed -$847K
CCO icon
74
Clear Channel Outdoor Holdings
CCO
$1.23B
– –
-15,840
Closed -$25K
CE icon
75
Celanese
CE
$4.84B
– –
-5,000
Closed -$210K
1 2
3
4 5

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
MC
Marest Capital Tarzana, California $173M AUM 17.48% 1-Year Est. Return
SPF
South Plains Financial Lubbock, Texas $172M AUM 21.06% 1-Year Est. Return

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.