# EDGAR Filing Document

**Accession Number:** 0001053994
**File Stem:** 0001053994-26-000001
**Filing Date:** 2026-1
**Character Count:** 7850
**Document Hash:** 241d1629b3994bd7bb090c6970548bb1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001053994-26-000001.hdr.sgml**: 20260108

**ACCESSION NUMBER**: 0001053994-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260108

**DATE AS OF CHANGE**: 20260108

**EFFECTIVENESS DATE**: 20260108

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANDERS MORRIS HARRIS LLC
- **CENTRAL INDEX KEY:** 0001053994

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12760
- **FILM NUMBER:** 26517670

**BUSINESS ADDRESS:**
- **STREET 1:** 600 TRAVIS STREET
- **STREET 2:** STE 5900
- **CITY:** HOUSTON
- **STATE:** TX
- **BUSINESS PHONE:** 713-220-5100

**MAIL ADDRESS:**
- **STREET 1:** 600 TRAVIS, SUITE 5900
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDERS MORRIS HARRIS INC.
- **DATE OF NAME CHANGE:** 20110404

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMH CAPITAL INC.
- **DATE OF NAME CHANGE:** 20080311

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDERS MORRIS HARRIS INC/FA
- **DATE OF NAME CHANGE:** 20000208

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SANDERS MORRIS HARRIS LLC<br>**Address:** 600 Travis Suite 5900<br>Houston, TX 77002

**Form 13F File Number:** 028-12760

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** David Block<br>**Title:** OSJ Supervisor<br>**Phone:** 713-226-4808

**Signature, Place, and Date of Signing:**

/s/  David Block  Houston, TX  01-08-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 35

**Form 13F Information Table Value Total:** $64718978

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 2890137 | 19170 | SH |  | SOLE |  | 0 | 0 | 19170 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 | BBG01J1GY084 | 404360 | 3667 | SH |  | SOLE |  | 0 | 0 | 3667 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 299121 | 5223 | SH |  | SOLE |  | 0 | 0 | 5223 |
| CAMBRIA ETF TR | FIXED INCOME TRE | 132061763 | BBG01T23HPK0 | 223082 | 8840 | SH |  | SOLE |  | 0 | 0 | 8840 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG001S5YC56 | 511524 | 15600 | SH |  | SOLE |  | 0 | 0 | 15600 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 579906 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| EXPAND ENERGY CORPORATION | COM | 165167735 | BBG00Z6DX607 | 608217 | 5555 | SH |  | SOLE |  | 0 | 0 | 5555 |
| FLEX LTD | ORD | Y2573F102 | BBG001SC5SP6 | 322983 | 5100 | SH |  | SOLE |  | 0 | 0 | 5100 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 | BBG001S9CQC3 | 319595 | 20500 | SH |  | SOLE |  | 0 | 0 | 20500 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 | BBG008748J97 | 258894 | 3785 | SH |  | SOLE |  | 0 | 0 | 3785 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 | BBG001SQT2W8 | 394905 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 | BBG001SJ6FD1 | 408540 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 37370777 | 59900 | SH |  | SOLE |  | 0 | 0 | 59900 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 581727 | 11726 | SH |  | SOLE |  | 0 | 0 | 11726 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 469199 | 5498 | SH |  | SOLE |  | 0 | 0 | 5498 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 217948 | 7017 | SH |  | SOLE |  | 0 | 0 | 7017 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 584377 | 10072 | SH |  | SOLE |  | 0 | 0 | 10072 |
| JBS N.V. | CL A SHS | N4732M103 | BBG01V30BCM3 | 2521792 | 173200 | SH |  | SOLE |  | 0 | 0 | 173200 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 | BBG001SLV0G8 | 739908 | 61200 | SH |  | SOLE |  | 0 | 0 | 61200 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 743348 | 1750 | SH |  | SOLE |  | 0 | 0 | 1750 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | BBG0035TJHL3 | 236213 | 4380 | SH |  | SOLE |  | 0 | 0 | 4380 |
| MULTISENSOR AI HOLDINGS INC | COM | 456948108 | BBG012TGHD28 | 668405 | 1552131 | SH |  | SOLE |  | 0 | 0 | 1552131 |
| NVENT ELECTRIC PLC | SHS | G6700G107 | BBG00GNT7B03 | 208360 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 | BBG01RM0YZG2 | 357184 | 5372 | SH |  | SOLE |  | 0 | 0 | 5372 |
| PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | BBG001S5VCG7 | 55144 | 15490 | SH |  | SOLE |  | 0 | 0 | 15490 |
| SLB LIMITED | COM STK | 806857108 | BBG001S5W4C8 | 1454915 | 38500 | SH |  | SOLE |  | 0 | 0 | 38500 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 413495 | 599 | SH |  | SOLE |  | 0 | 0 | 599 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 615330 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| TC ENERGY CORP | COM | 87807B107 | BBG001S5WW27 | 296143 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 867255 | 9500 | SH |  | SOLE |  | 0 | 0 | 9500 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 | BBG001T62MC8 | 386745 | 6900 | SH |  | SOLE |  | 0 | 0 | 6900 |
| VERDE CLEAN FUELS INC | *W EXP 02/15/202 | 923372114 |  | 8603 | 107403 | SH |  | SOLE |  | 0 | 0 | 107403 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 | BBG001V0ZQH8 | 825550 | 95000 | SH |  | SOLE |  | 0 | 0 | 95000 |
| VOLATILITY SHS TR | 2X SOLANA ETF | 92864M830 | BBG01SXNHP42 | 744700 | 120000 | SH |  | SOLE |  | 0 | 0 | 120000 |
| VOX ROYALTY CORP | COM | 92919F103 | BBG00LZQKWN9 | 7130596 | 1400903 | SH |  | SOLE |  | 0 | 0 | 1400903 |

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