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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
(-91%)
Cap. Flow
-$696M
Cap. Flow
% of AUM
-1,075.04%
Top 10 Holdings %
Top 10 Hldgs %
85.43%
Holding
312
New
5
Increased
1
Reduced
12
Closed
277
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$3.12M |
| 2 |
SOLT
2x Solana ETF
SOLT
|
+$1.55M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$750K |
| 4 |
AKRE
Akre Focus ETF
AKRE
|
+$348K |
| 5 |
nVent Electric
NVT
|
+$208K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$119M |
| 2 |
Blackstone
BX
|
+$91.1M |
| 3 |
NVIDIA
NVDA
|
+$34.9M |
| 4 |
Capital Southwest
CSWC
|
+$29.9M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
Dropbox
DBX
$7.97B
| – | – |
-12,970
| Closed | -$392K |
|
102
Datadog
DDOG
$103B
| – | – |
-8,411
| Closed | -$1.2M |
|
103
Deckers Outdoor
DECK
$13.7B
| – | – |
-7,202
| Closed | -$730K |
|
104
Dell
DELL
$303B
| – | – |
-2,200
| Closed | -$312K |
|
105
Diageo
DEO
$48.9B
| – | – |
-2,313
| Closed | -$221K |
|
106
HF Sinclair
DINO
$15.7B
| – | – |
-7,600
| Closed | -$398K |
|
107
Walt Disney
DIS
$171B
| – | – |
-14,282
| Closed | -$1.64M |
|
|
DOCU
108
DocuSign
DOCU
$10.9B
| – | – |
-17,350
| Closed | -$1.25M |
|
109
Amdocs
DOX
$5.98B
| – | – |
-5,500
| Closed | -$451K |
|
110
Drilling Tools International
DTI
$84.3M
| – | – |
-14,900
| Closed | -$34.3K |
|
111
DexCom
DXCM
$32.9B
| – | – |
-4,000
| Closed | -$269K |
|
112
Electronic Arts
EA
$53B
| – | – |
-5,350
| Closed | -$1.08M |
|
113
Ecolab
ECL
$79.1B
| – | – |
-5,752
| Closed | -$1.58M |
|
114
Edison International
EIX
$27.6B
| – | – |
-4,000
| Closed | -$221K |
|
115
Elevance Health
ELV
$82.6B
| – | – |
-1,900
| Closed | -$614K |
|
116
Enbridge
ENB
$117B
| – | – |
-4,780
| Closed | -$241K |
|
117
Empire Petroleum
EP
$103M
| – | – |
-24,854
| Closed | -$112K |
|
118
Enterprise Products Partners
EPD
$82.5B
| – | – |
-706,820
| Closed | -$22.1M |
|
119
Invesco S&P 100 Equal Weight ETF
EQWL
$2.76B
| – | – |
-2,093
| Closed | -$240K |
|
|
ESPR
120
DELISTED
Esperion Therapeutics
ESPR
| – | – |
-20,073
| Closed | -$53.2K |
|
121
Energy Transfer Partners
ET
$70.7B
| – | – |
-99,398
| Closed | -$1.71M |
|
|
ETNB
122
DELISTED
89bio
ETNB
| – | – |
-163,914
| Closed | -$2.41M |
|
123
Edwards Lifesciences
EW
$51.3B
| – | – |
-4,020
| Closed | -$313K |
|
|
EXAS
124
DELISTED
Exact Sciences
EXAS
| – | – |
-5,000
| Closed | -$274K |
|
125
Ford
F
$57B
| – | – |
-20,000
| Closed | -$239K |
|
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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.