SMSI β€” SMITH MICRO SOFTWARE INC

Ownership history in TWO SIGMA SECURITIES, LLC  Β·  9 quarters on record

This page tracks every 13F SEC filing in which TWO SIGMA SECURITIES, LLC reported a position in SMITH MICRO SOFTWARE INC (SMSI). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.02% (2015 Q4)
πŸ“Š Avg. % of fund
0.0%
πŸ“… First filed
2015 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
9

Position Intelligence

TWO SIGMA SECURITIES, LLC Γ— SMSI AI Analytics

πŸ“‰ TWO SIGMA SECURITIES, LLC underperformed the S&P 500 by –195.2% annually on this SMSI position. Timing score: 38% (3/8 decisions correct). Average cost basis: $10.11. Maximum drawdown during holding period: –97.7%.

πŸ“ˆ Position Alpha vs SPY
-195.2%
annualised excess return

❌ Significantly underperformed the S&P 500 by 195.2% ann.
8 quarters analyzed

⏱️ Timing Score
38%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
3 of 8 add/trim decisions correct

πŸ’° Entry Quality
$10.11
-94.7% vs current ($0.54)

Best entry: $0.54 (2025 Q4)  Β·  Worst: $23.36 (2015 Q4)

πŸ›‘οΈ Drawdown Resilience
–97.7%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
56%
buy-side decisions

5 adds Β· 4 trims. Bought during 4 of 7 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    SMSI price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 9 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 15,461 +3,145 +25.5% 0.00% $8K $0.54
2025 Q3 REDUCED 12,316 -20,067 -62.0% 0.00% $9K $0.72
2025 Q1 ADDED 32,383 +7,474 +30.0% 0.00% $24K $0.73
2024 Q4 REDUCED 24,909 -32,675 -56.7% 0.00% $33K $1.31
2024 Q3 REDUCED 57,584 -5,268 -8.4% 0.00% $59K $1.02
2024 Q1 ADDED 62,852 +36,134 +135.2% 0.00% $22K $2.72
2022 Q3 ADDED 26,718 +15,224 +132.5% 0.00% $60K $18.08
2016 Q1 REDUCED 11,494 -7,081 -38.1% 0.01% $7K $18.88
2015 Q4 INITIATED 18,575 β€” β€” 0.02% $14K $23.36
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