SMMD holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 99.95% at a quoted market price (level 1), 14 issuer countries.

The largest line in SMMD's filing is not a stock but Ishares Russell 2000 ETF, a fund position at 40.99% of net assets. Ten companies are 44.16% of the fund; the other 508 share the rest. Among the 721 equity funds measured here, SMMD behaves like 5.9 holdings against a median of 42.4 — 7.1 times more concentrated than the median. Across 28 quarterly filings SMMD has held roughly steady since 2019-09-30 (5.8 then, 5.9 now). Between the 2026-03-31 and 2026-06-30 filings 87 positions were added and 66 dropped; 15.3% of the weight moved.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.

Between 2019-09-30 and 2026-06-30, SMMD went from behaving like 5.8 equally weighted positions to 5.9 — 2% more, while its top ten went from 43.9% to 44.16% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

SMMD's filing lists 519 positions including 38.07% of net assets in securities-lending cash collateral. Counted as filed the fund reads 3.2 effective holdings with a top ten of 81.89%; on its own investments — the figure above — it reads 5.9 with a top ten of 44.16%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.

The 15 largest of 518 positions in SMMD's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: SMMD.csv.gz.

Share of SMMD's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.

Monthly total returns from Item B.5 of SMMD's own filings, 84 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.09 percentage points over 84 months, which is roughly the distributions. Every month with the filing it came from: SMMD.json · all funds.

The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-06-30, $1.4bn was out to 17 borrowers, 37.40% of net assets. The largest, CITIGROUP GLOBAL MARKETS INC., held 61.4% of it.

Cash collateral reported against the loan: 38.07% of net assets, 101.8% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter SMMD has filed, with each borrower: SMMD.json · all funds.

496 positions became 517: 87 added (10.9% of the fund at the later date), 66 dropped (11.5% at the earlier date). Half the sum of all weight changes, a turnover proxy: 15.3%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of SMMD compared this way, as a feed: changes.xml · all funds: filings received.

New: Sterling Infrastructure, Inc. (0.34%), IonQ, Inc. (0.26%), Guardant Health, Inc. (0.25%), TTM Technologies, Inc. (0.25%), Nextpower, Inc. (0.23%), Coeur Mining, Inc. (0.22%). Gone: Sandisk Corp. (1.31%), Ciena Corp. (0.79%), Lumentum Holdings, Inc. (0.71%), Comfort Systems USA, Inc. (0.69%), Coherent Corp. (0.60%), Insmed, Inc. (0.49%).

100.0% of SMMD is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $3.62B. Notional of an interest-rate or currency swap is not equity exposure.

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Every measured equity fund lined up by how many holdings it behaves like; these sit either side of SMMD (5.9). Same filings, same arithmetic. Position in this list says nothing about which fund is better.