Who owns Smith-Midland (SMID)
Which tracked institutional funds hold SMID, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SMID company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SMID is one-sided between 2026-Q1 and 2026-Q2: 2 added or opened and 7 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SMID’s largest tracked holder by dollar value, THOMPSON DAVIS & CO., INC., sizes it at 31.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 31.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SMID divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 55 tracked filers holding SMID, 23 increased or opened the position and 26 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SMID between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- Topline Capital Management, LLC$580K
Full exits 2
- HERITAGE INVESTORS MANAGEMENT CORP$1M
- Corient Private Wealth LLC$1M
Largest adds
- BlackRock, Inc.$456K
Largest trims
- THOMPSON DAVIS & CO., INC.$7M
- VANGUARD CAPITAL MANAGEMENT LLC$2M
- NEEDHAM INVESTMENT MANAGEMENT LLC$794K
- BARD ASSOCIATES INC$297K
- RBF Capital, LLC$262K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| THOMPSON DAVIS & CO., INC. trimmed | 1,824,119 | $53M | 52.8% | 2026-Q2 |
| NEEDHAM INVESTMENT MANAGEMENT LLC | 225,000 | $7M | 6.5% | 2026-Q2 |
| BlackRock, Inc. added | 196,437 | $6M | 5.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 137,332 | $4M | 4.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 89,742 | $3M | 2.6% | 2026-Q2 |
| BARD ASSOCIATES INC trimmed | 79,875 | $2M | 2.3% | 2026-Q2 |
| RBF Capital, LLC | 74,200 | $2M | 2.1% | 2026-Q2 |
| RICE HALL JAMES & ASSOCIATES, LLC added | 53,979 | $2M | 1.6% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 50,555 | $1M | 1.5% | 2026-Q2 |
| STATE STREET CORP trimmed | 45,713 | $1M | 1.3% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 30,044 | $871K | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 25,844 | $749K | 0.7% | 2026-Q2 |
| MORGAN STANLEY added | 22,883 | $664K | 0.7% | 2026-Q2 |
| Topline Capital Management, LLC new | 20,012 | $580K | 0.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 19,373 | $562K | 0.6% | 2026-Q2 |
| INTRUST BANK NA | 12,098 | $351K | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 11,222 | $325K | 0.3% | 2026-Q2 |
| Waverly Advisors, LLC | 10,004 | $290K | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 8,902 | $258K | 0.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 8,726 | $253K | 0.3% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 7,085 | $205K | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 6,582 | $191K | 0.2% | 2026-Q2 |
| CALDWELL SUTTER CAPITAL, INC. | 3,272 | $95K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,615 | $76K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,162 | $64K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 2,161 | $63K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 2,011 | $58K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 1,995 | $58K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 1,943 | $56K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,758 | $52K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 1,377 | $40K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 1,315 | $38K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 1,291 | $37K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 1,040 | $30K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 933 | $27K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 557 | $16K | 0.0% | 2026-Q2 |
| BARCLAYS PLC trimmed | 406 | $12K | 0.0% | 2026-Q2 |
| ADIRONDACK TRUST CO | 330 | $10K | 0.0% | 2026-Q2 |
| Legal & General Group Plc | 250 | $7K | 0.0% | 2026-Q2 |
| GAMMA Investing LLC trimmed | 230 | $7K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 228 | $7K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 200 | $6K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 108 | $3K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 66 | $2K | 0.0% | 2026-Q2 |
| FMR LLC trimmed | 50 | $1K | 0.0% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 39 | $1K | 0.0% | 2026-Q2 |
| Optiver Holding B.V. | 30 | $870 | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 10 | $290 | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC trimmed | 10 | $290 | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC new | 1 | $29 | 0.0% | 2026-Q2 |
| Allworth Financial LP | 1 | $29 | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 1 | $29 | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC new | 1 | $29 | 0.0% | 2026-Q2 |
| Essential Partners LLC trimmed | 1 | $29 | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC new | 0 | — | 0.0% | 2026-Q2 |
| HERITAGE INVESTORS MANAGEMENT CORP | 38,268 | $1M | 1.2% | 2026-Q1 stale (1 quarter behind) |
| Corient Private Wealth LLC | 34,750 | $1M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| LAZARD ASSET MANAGEMENT LLC added | 9,004 | $293K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 6,518 | $212K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC trimmed | 6,369 | $207K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 1,064 | $35K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| NISA INVESTMENT ADVISORS, LLC | 18 | $586 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| True Wealth Design, LLC | 1 | $33 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MAI Capital Management new | 1 | $33 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 224,841 | $8M | 8.1% | 2025-Q4 stale (2 quarters behind) |
| STIFEL FINANCIAL CORP new | 16,608 | $604K | 0.6% | 2025-Q4 stale (2 quarters behind) |
| HRT FINANCIAL LP trimmed | 5,946 | $216K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ trimmed | 3,132 | $114K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Merited Wealth, LLC new | 313 | $11K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| AMALGAMATED BANK trimmed | 86 | $3K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| PNC Financial Services Group, Inc. | 2 | $73 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 11,905 | $439K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| SUMMIT WEALTH GROUP LLC / CO new | 2,493 | $249K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| DAVENPORT & Co LLC | 6,300 | $232K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Berman McAleer LLC new | 5,803 | $214K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Y-Intercept (Hong Kong) Ltd new | 7,083 | $238K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Sound Income Strategies, LLC | 1,080 | $36K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| RAYMOND JAMES FINANCIAL INC new | 350 | $12K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| SouthState Corp | 33 | $1K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| IFP Advisors, Inc trimmed | 0 | $101 | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.