# EDGAR Filing Document

**Accession Number:** 0002068217
**File Stem:** 0001172661-26-001310
**Filing Date:** 2026-2
**Character Count:** 11021
**Document Hash:** 538b8e077d256c9ff48c09431c64b6c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-001310.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001172661-26-001310

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260218

**EFFECTIVENESS DATE**: 20260219

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Smith Asset Management Co., LLC
- **CENTRAL INDEX KEY:** 0002068217

**ORGANIZATION NAME:**
- **EIN:** 432058583
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25616
- **FILM NUMBER:** 26651018

**BUSINESS ADDRESS:**
- **STREET 1:** 322 E PARK AVE
- **CITY:** CHIEFLAND
- **STATE:** FL
- **ZIP:** 32626
- **BUSINESS PHONE:** 3524937700

**MAIL ADDRESS:**
- **STREET 1:** 322 E PARK AVE
- **CITY:** CHIEFLAND
- **STATE:** FL
- **ZIP:** 32626

### 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:** Smith Asset Management Co. LLC<br>**Address:** 322 E Park Ave<br>Chiefland, FL 32626

**Form 13F File Number:** 028-25616

**CRD Number (if applicable):** 000127684

**SEC File Number (if applicable):** 801-81169

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:** BENJAMIN S. SMITH<br>**Title:** Chief Compliance Officer Managing Member President<br>**Phone:** 352-493-7700

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

/s/ BENJAMIN S. SMITH  Chiefland, FL  02-17-2026<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:** 70

**Form 13F Information Table Value Total:** $121130225

      (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 |
| ABRDN GLOBAL INFRA INCOME FU | COM SHS BEN INT | 00326W106 |  | 1333754 | 59649 | SH |  | SOLE |  | 59649 | 0 | 0 |
| ABRDN HEALTHCARE INVESTORS | SH BEN INT | 87911J103 |  | 2217160 | 117060 | SH |  | SOLE |  | 117060 | 0 | 0 |
| ALLIANCEBERNSTEIN GLOBAL HIG | COM | 01879R106 |  | 4298530 | 402102 | SH |  | SOLE |  | 402102 | 0 | 0 |
| ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 |  | 196957 | 18203 | SH |  | SOLE |  | 18203 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 319260 | 1020 | SH |  | SOLE |  | 1020 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 223205 | 3871 | SH |  | SOLE |  | 3871 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1296748 | 5618 | SH |  | SOLE |  | 5618 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 216352 | 661 | SH |  | SOLE |  | 661 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 2688497 | 120236 | SH |  | SOLE |  | 120236 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3136913 | 11538 | SH |  | SOLE |  | 11538 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 6376476 | 315198 | SH |  | SOLE |  | 315198 | 0 | 0 |
| BARINGS CORPORATE INVS | COM | 06759X107 |  | 3197095 | 176145 | SH |  | SOLE |  | 176145 | 0 | 0 |
| BARINGS PARTN INVS | SH BEN INT | 06761A103 |  | 1117438 | 70323 | SH |  | SOLE |  | 70323 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 7512128 | 14945 | SH |  | SOLE |  | 14945 | 0 | 0 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 |  | 582126 | 65407 | SH |  | SOLE |  | 65407 | 0 | 0 |
| BLACKROCK CR ALLOCATION INCO | COM | 092508100 |  | 3025059 | 279316 | SH |  | SOLE |  | 279316 | 0 | 0 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 |  | 1862585 | 182965 | SH |  | SOLE |  | 182965 | 0 | 0 |
| BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 |  | 2910007 | 494899 | SH |  | SOLE |  | 494899 | 0 | 0 |
| BLACKROCK HEALTH SCIENCES TR | COM | 09250W107 |  | 529961 | 12885 | SH |  | SOLE |  | 12885 | 0 | 0 |
| BLACKROCK LTD DURATION INCOM | COM SHS | 09249W101 |  | 748746 | 54494 | SH |  | SOLE |  | 54494 | 0 | 0 |
| BLACKROCK UTILS INFRASTRUCTU | COM | 09248D104 |  | 1368310 | 53262 | SH |  | SOLE |  | 53262 | 0 | 0 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 4299838 | 223949 | SH |  | SOLE |  | 223949 | 0 | 0 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 2331500 | 96702 | SH |  | SOLE |  | 96702 | 0 | 0 |
| COHEN  STEERS LTD DURATION | COM | 19248C105 |  | 249487 | 11785 | SH |  | SOLE |  | 11785 | 0 | 0 |
| COHEN  STEERS REIT  PFD | COM | 19247X100 |  | 705589 | 35528 | SH |  | SOLE |  | 35528 | 0 | 0 |
| COHEN  STEERS SELECT PFD | COM | 19248Y107 |  | 2684044 | 132349 | SH |  | SOLE |  | 132349 | 0 | 0 |
| COHEN  STEERS TOTAL RETURN | COM | 19247R103 |  | 3690612 | 333986 | SH |  | SOLE |  | 333986 | 0 | 0 |
| COLUMBIA SELIGM PREM TECH GR | COM | 19842X109 |  | 591220 | 16070 | SH |  | SOLE |  | 16070 | 0 | 0 |
| DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 |  | 108124 | 22293 | SH |  | SOLE |  | 22293 | 0 | 0 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 4093211 | 409725 | SH |  | SOLE |  | 409725 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 316822 | 2703 | SH |  | SOLE |  | 2703 | 0 | 0 |
| EATON VANCE TX ADV GLBL DIV | COM | 27828S101 |  | 206237 | 8928 | SH |  | SOLE |  | 8928 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 3907497 | 82004 | SH |  | SOLE |  | 82004 | 0 | 0 |
| FIRST TR ENHANCED EQUITY INC | COM | 337318109 |  | 3383818 | 153668 | SH |  | SOLE |  | 153668 | 0 | 0 |
| FLAHERTY  CRUMRINE DYNAMIC | SHS | 33848W106 |  | 2014237 | 96884 | SH |  | SOLE |  | 96884 | 0 | 0 |
| FLAHERTY  CRUMRINE PFD INCO | COM | 338480106 |  | 1180255 | 105918 | SH |  | SOLE |  | 105918 | 0 | 0 |
| FLAHERTY  CRUMRINE PFD SECS | COM | 338478100 |  | 1219852 | 73885 | SH |  | SOLE |  | 73885 | 0 | 0 |
| FLAHERTY  CRUMRINE TOTAL RE | COM | 338479108 |  | 2233936 | 127651 | SH |  | SOLE |  | 127651 | 0 | 0 |
| GUGGENHEIM STRATEGIC OPPORTU | COM SBI | 40167F101 |  | 1585001 | 123059 | SH |  | SOLE |  | 123059 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 441289 | 27443 | SH |  | SOLE |  | 27443 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 818267 | 1332 | SH |  | SOLE |  | 1332 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 408197 | 4921 | SH |  | SOLE |  | 4921 | 0 | 0 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 |  | 117141 | 18651 | SH |  | SOLE |  | 18651 | 0 | 0 |
| LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 |  | 221961 | 41879 | SH |  | SOLE |  | 41879 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 418813 | 866 | SH |  | SOLE |  | 866 | 0 | 0 |
| MORGAN STANLEY EMKT DBT FD I | COM | 61744H105 |  | 497538 | 67326 | SH |  | SOLE |  | 67326 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 1143005 | 90284 | SH |  | SOLE |  | 90284 | 0 | 0 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 7510052 | 926024 | SH |  | SOLE |  | 926024 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 738339 | 16651 | SH |  | SOLE |  | 16651 | 0 | 0 |
| PIMCO CORPORATE  INCM STRG | COM | 72200U100 |  | 2906160 | 227754 | SH |  | SOLE |  | 227754 | 0 | 0 |
| PIMCO CORPORATE  INCOME OPP | COM | 72201B101 |  | 2094735 | 162381 | SH |  | SOLE |  | 162381 | 0 | 0 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 |  | 2631363 | 148579 | SH |  | SOLE |  | 148579 | 0 | 0 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 2816969 | 77007 | SH |  | SOLE |  | 77007 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 277629 | 5069 | SH |  | SOLE |  | 5069 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 613938 | 3966 | SH |  | SOLE |  | 3966 | 0 | 0 |
| SERVICE PPTYS TR | COM SH BEN INT | 81761L102 |  | 33583 | 18252 | SH |  | SOLE |  | 18252 | 0 | 0 |
| SEVEN HILLS REALTY TRUST | COM | 81784E101 |  | 290084 | 32593 | SH |  | SOLE |  | 32593 | 0 | 0 |
| SOURCE CAPITAL | COM SHS OF BEN I | 836144303 |  | 1297065 | 28345 | SH |  | SOLE |  | 28345 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3932656 | 5767 | SH |  | SOLE |  | 5767 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 881064 | 10983 | SH |  | SOLE |  | 10983 | 0 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 784616 | 42320 | SH |  | SOLE |  | 42320 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 801980 | 3109 | SH |  | SOLE |  | 3109 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 897671 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 556329 | 1993 | SH |  | SOLE |  | 1993 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 392875 | 3120 | SH |  | SOLE |  | 3120 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 3495290 | 4637 | SH |  | SOLE |  | 4637 | 0 | 0 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 2126564 | 7127 | SH |  | SOLE |  | 7127 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 495663 | 4449 | SH |  | SOLE |  | 4449 | 0 | 0 |
| WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 |  | 165042 | 14963 | SH |  | SOLE |  | 14963 | 0 | 0 |
| WSTRN AST GLBL CORP OPP FD I | COM | 95790C107 |  | 1365760 | 115663 | SH |  | SOLE |  | 115663 | 0 | 0 |

---