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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
LEN icon
176
Lennar Class A
LEN
$20.5B
– –
-17,500
Closed -$2.21M
LFUS icon
177
Littelfuse
LFUS
$11.3B
– –
-2,000
Closed -$518K
LITE icon
178
Lumentum
LITE
$60.7B
– –
-6,233
Closed -$1.01M
LLY icon
179
Eli Lilly
LLY
$1,000B
– –
-7,606
Closed -$5.8M
LMT icon
180
Lockheed Martin
LMT
$135B
– –
-1,439
Closed -$718K
LNT icon
181
Alliant Energy
LNT
$18.5B
– –
-3,050
Closed -$206K
LOW icon
182
Lowe's Companies
LOW
$119B
– –
-6,024
Closed -$1.51M
LRCX icon
183
Lam Research
LRCX
$369B
– –
-42,420
Closed -$5.68M
LULU icon
184
lululemon athletica
LULU
$14B
– –
-3,008
Closed -$535K
LUNR icon
185
Intuitive Machines
LUNR
$2.1B
– –
-16,000
Closed -$168K
MA icon
186
Mastercard
MA
$500B
– –
-4,496
Closed -$2.56M
MAIN icon
187
Main Street Capital
MAIN
$5.18B
– –
-203,832
Closed -$13M
MBLY icon
188
Mobileye
MBLY
$2.04B
– –
-42,500
Closed -$600K
MCD icon
189
McDonald's
MCD
$188B
– –
-2,500
Closed -$760K
MCHI icon
190
iShares MSCI China ETF
MCHI
$6.31B
– –
-4,000
Closed -$263K
MCK icon
191
McKesson
MCK
$96.8B
– –
-3,370
Closed -$2.6M
MDLZ icon
192
Mondelez International
MDLZ
$78.8B
– –
-23,054
Closed -$1.44M
MDT icon
193
Medtronic
MDT
$111B
– –
-4,744
Closed -$452K
META icon
194
Meta Platforms (Facebook)
META
$1.5T
– –
-5,278
Closed -$3.88M
MGNX icon
195
MacroGenics
MGNX
$243M
– –
-12,345
Closed -$20.7K
MO icon
196
Altria Group
MO
$114B
– –
-17,951
Closed -$1.19M
MOH icon
197
Molina Healthcare
MOH
$10.2B
– –
-2,478
Closed -$474K
MRK icon
198
Merck
MRK
$316B
– –
-6,063
Closed -$509K
MRUS
199
DELISTED
Merus
MRUS
– –
-24,870
Closed -$2.34M
MSFT icon
200
Microsoft
MSFT
$3.62T
– –
-12,363
Closed -$6.4M
6 7
8
9 10

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.