diff --git a/awx/ui_next/src/components/Lookup/HostFilterLookup.jsx b/awx/ui_next/src/components/Lookup/HostFilterLookup.jsx
index d1b15a8a06..78a5f3fd6d 100644
--- a/awx/ui_next/src/components/Lookup/HostFilterLookup.jsx
+++ b/awx/ui_next/src/components/Lookup/HostFilterLookup.jsx
@@ -12,6 +12,7 @@ import {
   FormGroup,
   InputGroup,
   Modal,
+  Tooltip,
 } from '@patternfly/react-core';
 import ChipGroup from '../ChipGroup';
 import Popover from '../Popover';
@@ -243,6 +244,36 @@ function HostFilterLookup({
     });
   };
 
+  const renderLookup = () => (
+    <InputGroup onBlur={onBlur}>
+      <Button
+        aria-label={i18n._(t`Search`)}
+        id="host-filter"
+        isDisabled={isDisabled}
+        onClick={handleOpenModal}
+        variant={ButtonVariant.control}
+      >
+        <SearchIcon />
+      </Button>
+      <ChipHolder className="pf-c-form-control">
+        {searchColumns.map(({ name, key }) => (
+          <ChipGroup
+            categoryName={name}
+            key={name}
+            numChips={5}
+            totalChips={chips[key]?.chips?.length || 0}
+          >
+            {chips[key]?.chips?.map(chip => (
+              <Chip key={chip.key} isReadOnly>
+                {chip.node}
+              </Chip>
+            ))}
+          </ChipGroup>
+        ))}
+      </ChipHolder>
+    </InputGroup>
+  );
+
   return (
     <FormGroup
       fieldId="host-filter"
@@ -261,33 +292,17 @@ function HostFilterLookup({
         />
       }
     >
-      <InputGroup onBlur={onBlur}>
-        <Button
-          aria-label={i18n._(t`Search`)}
-          id="host-filter"
-          isDisabled={isDisabled}
-          onClick={handleOpenModal}
-          variant={ButtonVariant.control}
+      {isDisabled ? (
+        <Tooltip
+          content={i18n._(
+            t`Please select an organization before editing the host filter`
+          )}
         >
-          <SearchIcon />
-        </Button>
-        <ChipHolder className="pf-c-form-control">
-          {searchColumns.map(({ name, key }) => (
-            <ChipGroup
-              categoryName={name}
-              key={name}
-              numChips={5}
-              totalChips={chips[key]?.chips?.length || 0}
-            >
-              {chips[key]?.chips?.map(chip => (
-                <Chip key={chip.key} isReadOnly>
-                  {chip.node}
-                </Chip>
-              ))}
-            </ChipGroup>
-          ))}
-        </ChipHolder>
-      </InputGroup>
+          {renderLookup()}
+        </Tooltip>
+      ) : (
+        renderLookup()
+      )}
       <Modal
         aria-label={i18n._(t`Lookup modal`)}
         isOpen={isModalOpen}
diff --git a/awx/ui_next/src/screens/Host/HostList/HostList.jsx b/awx/ui_next/src/screens/Host/HostList/HostList.jsx
index 1f5e0833bf..0fabce1b60 100644
--- a/awx/ui_next/src/screens/Host/HostList/HostList.jsx
+++ b/awx/ui_next/src/screens/Host/HostList/HostList.jsx
@@ -1,5 +1,5 @@
 import React, { useState, useEffect, useCallback } from 'react';
-import { useLocation, useRouteMatch } from 'react-router-dom';
+import { useHistory, useLocation, useRouteMatch } from 'react-router-dom';
 import { withI18n } from '@lingui/react';
 import { t } from '@lingui/macro';
 import { Card, PageSection } from '@patternfly/react-core';
@@ -13,9 +13,14 @@ import PaginatedDataList, {
   ToolbarDeleteButton,
 } from '../../../components/PaginatedDataList';
 import useRequest, { useDeleteItems } from '../../../util/useRequest';
-import { getQSConfig, parseQueryString } from '../../../util/qs';
+import {
+  encodeQueryString,
+  getQSConfig,
+  parseQueryString,
+} from '../../../util/qs';
 
 import HostListItem from './HostListItem';
+import SmartInventoryButton from './SmartInventoryButton';
 
 const QS_CONFIG = getQSConfig('host', {
   page: 1,
@@ -24,9 +29,21 @@ const QS_CONFIG = getQSConfig('host', {
 });
 
 function HostList({ i18n }) {
+  const history = useHistory();
   const location = useLocation();
   const match = useRouteMatch();
   const [selected, setSelected] = useState([]);
+  const parsedQueryStrings = parseQueryString(QS_CONFIG, location.search);
+  const nonDefaultSearchParams = {};
+
+  Object.keys(parsedQueryStrings).forEach(key => {
+    if (!QS_CONFIG.defaultParams[key]) {
+      nonDefaultSearchParams[key] = parsedQueryStrings[key];
+    }
+  });
+
+  const hasNonDefaultSearchParams =
+    Object.keys(nonDefaultSearchParams).length > 0;
 
   const {
     result: { hosts, count, actions, relatedSearchableKeys, searchableKeys },
@@ -99,6 +116,14 @@ function HostList({ i18n }) {
     }
   };
 
+  const handleSmartInventoryClick = () => {
+    history.push(
+      `/inventories/smart_inventory/add?host_filter=${encodeURIComponent(
+        encodeQueryString(nonDefaultSearchParams)
+      )}`
+    );
+  };
+
   const canAdd =
     actions && Object.prototype.hasOwnProperty.call(actions, 'POST');
 
@@ -157,6 +182,14 @@ function HostList({ i18n }) {
                   itemsToDelete={selected}
                   pluralizedItemName={i18n._(t`Hosts`)}
                 />,
+                ...(canAdd
+                  ? [
+                      <SmartInventoryButton
+                        isDisabled={!hasNonDefaultSearchParams}
+                        onClick={() => handleSmartInventoryClick()}
+                      />,
+                    ]
+                  : []),
               ]}
             />
           )}
diff --git a/awx/ui_next/src/screens/Host/HostList/HostList.test.jsx b/awx/ui_next/src/screens/Host/HostList/HostList.test.jsx
index b65c98b67b..5b502979e1 100644
--- a/awx/ui_next/src/screens/Host/HostList/HostList.test.jsx
+++ b/awx/ui_next/src/screens/Host/HostList/HostList.test.jsx
@@ -1,5 +1,6 @@
 import React from 'react';
 import { act } from 'react-dom/test-utils';
+import { createMemoryHistory } from 'history';
 import { HostsAPI } from '../../../api';
 import {
   mountWithContexts,
@@ -257,7 +258,7 @@ describe('<HostList />', () => {
     expect(modal.prop('title')).toEqual('Error!');
   });
 
-  test('should show Add button according to permissions', async () => {
+  test('should show Add and Smart Inventory buttons according to permissions', async () => {
     let wrapper;
     await act(async () => {
       wrapper = mountWithContexts(<HostList />);
@@ -265,9 +266,10 @@ describe('<HostList />', () => {
     await waitForLoaded(wrapper);
 
     expect(wrapper.find('ToolbarAddButton').length).toBe(1);
+    expect(wrapper.find('Button[aria-label="Smart Inventory"]').length).toBe(1);
   });
 
-  test('should hide Add button according to permissions', async () => {
+  test('should hide Add and Smart Inventory buttons according to permissions', async () => {
     HostsAPI.readOptions.mockResolvedValue({
       data: {
         actions: {
@@ -282,5 +284,44 @@ describe('<HostList />', () => {
     await waitForLoaded(wrapper);
 
     expect(wrapper.find('ToolbarAddButton').length).toBe(0);
+    expect(wrapper.find('Button[aria-label="Smart Inventory"]').length).toBe(0);
+  });
+
+  test('Smart Inventory button should be disabled when no search params are present', async () => {
+    let wrapper;
+    await act(async () => {
+      wrapper = mountWithContexts(<HostList />);
+    });
+    await waitForLoaded(wrapper);
+    expect(
+      wrapper.find('Button[aria-label="Smart Inventory"]').props().isDisabled
+    ).toBe(true);
+  });
+
+  test('Clicking Smart Inventory button should navigate to smart inventory form with correct query param', async () => {
+    let wrapper;
+    const history = createMemoryHistory({
+      initialEntries: ['/hosts?host.name__icontains=foo'],
+    });
+    await act(async () => {
+      wrapper = mountWithContexts(<HostList />, {
+        context: { router: { history } },
+      });
+    });
+
+    await waitForLoaded(wrapper);
+    expect(
+      wrapper.find('Button[aria-label="Smart Inventory"]').props().isDisabled
+    ).toBe(false);
+    await act(async () => {
+      wrapper.find('Button[aria-label="Smart Inventory"]').simulate('click');
+    });
+    wrapper.update();
+    expect(history.location.pathname).toEqual(
+      '/inventories/smart_inventory/add'
+    );
+    expect(history.location.search).toEqual(
+      '?host_filter=name__icontains%3Dfoo'
+    );
   });
 });
diff --git a/awx/ui_next/src/screens/Host/HostList/SmartInventoryButton.jsx b/awx/ui_next/src/screens/Host/HostList/SmartInventoryButton.jsx
new file mode 100644
index 0000000000..9e90bbf531
--- /dev/null
+++ b/awx/ui_next/src/screens/Host/HostList/SmartInventoryButton.jsx
@@ -0,0 +1,53 @@
+import React from 'react';
+import { func } from 'prop-types';
+import { Button, DropdownItem, Tooltip } from '@patternfly/react-core';
+import { withI18n } from '@lingui/react';
+import { t } from '@lingui/macro';
+import { useKebabifiedMenu } from '../../../contexts/Kebabified';
+
+function SmartInventoryButton({ onClick, i18n, isDisabled }) {
+  const { isKebabified } = useKebabifiedMenu();
+
+  if (isKebabified) {
+    return (
+      <DropdownItem
+        key="add"
+        isDisabled={isDisabled}
+        component="button"
+        onClick={onClick}
+      >
+        {i18n._(t`Smart Inventory`)}
+      </DropdownItem>
+    );
+  }
+
+  return (
+    <Tooltip
+      key="smartInventory"
+      content={
+        !isDisabled
+          ? i18n._(t`Create a new Smart Inventory with the applied filter`)
+          : i18n._(
+              t`Enter at least one search filter to create a new Smart Inventory`
+            )
+      }
+      position="top"
+    >
+      <div>
+        <Button
+          onClick={onClick}
+          aria-label={i18n._(t`Smart Inventory`)}
+          variant="secondary"
+          isDisabled={isDisabled}
+        >
+          {i18n._(t`Smart Inventory`)}
+        </Button>
+      </div>
+    </Tooltip>
+  );
+}
+SmartInventoryButton.propTypes = {
+  onClick: func.isRequired,
+};
+
+export default withI18n()(SmartInventoryButton);
diff --git a/awx/ui_next/src/screens/Host/HostList/SmartInventoryButton.test.jsx b/awx/ui_next/src/screens/Host/HostList/SmartInventoryButton.test.jsx
new file mode 100644
index 0000000000..b8f47725f5
--- /dev/null
+++ b/awx/ui_next/src/screens/Host/HostList/SmartInventoryButton.test.jsx
@@ -0,0 +1,16 @@
+import React from 'react';
+import { mountWithContexts } from '../../../../testUtils/enzymeHelpers';
+import SmartInventoryButton from './SmartInventoryButton';
+
+describe('<SmartInventoryButton />', () => {
+  test('should render button', () => {
+    const onClick = jest.fn();
+    const wrapper = mountWithContexts(
+      <SmartInventoryButton onClick={onClick} />
+    );
+    const button = wrapper.find('button');
+    expect(button).toHaveLength(1);
+    button.simulate('click');
+    expect(onClick).toHaveBeenCalled();
+  });
+});
diff --git a/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.jsx b/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.jsx
index 9b82b25a8b..a851fbfdc4 100644
--- a/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.jsx
+++ b/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.jsx
@@ -2,6 +2,7 @@ import React, { useEffect, useCallback } from 'react';
 import { Formik, useField, useFormikContext } from 'formik';
 import { withI18n } from '@lingui/react';
 import { t } from '@lingui/macro';
+import { useLocation } from 'react-router-dom';
 import { func, shape, arrayOf } from 'prop-types';
 import { Form } from '@patternfly/react-core';
 import { InstanceGroup } from '../../../types';
@@ -14,6 +15,10 @@ import {
   FormColumnLayout,
   FormFullWidthLayout,
 } from '../../../components/FormLayout';
+import {
+  toHostFilter,
+  toSearchParams,
+} from '../../../components/Lookup/shared/HostFilterUtils';
 import HostFilterLookup from '../../../components/Lookup/HostFilterLookup';
 import InstanceGroupsLookup from '../../../components/Lookup/InstanceGroupsLookup';
 import OrganizationLookup from '../../../components/Lookup/OrganizationLookup';
@@ -109,9 +114,17 @@ function SmartInventoryForm({
   onCancel,
   submitError,
 }) {
+  const { search } = useLocation();
+  const queryParams = new URLSearchParams(search);
+  const hostFilterFromParams = queryParams.get('host_filter');
+
   const initialValues = {
     description: inventory.description || '',
-    host_filter: inventory.host_filter || '',
+    host_filter:
+      inventory.host_filter ||
+      (hostFilterFromParams
+        ? toHostFilter(toSearchParams(hostFilterFromParams))
+        : ''),
     instance_groups: instanceGroups || [],
     kind: 'smart',
     name: inventory.name || '',
diff --git a/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.test.jsx b/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.test.jsx
index 1f3c1127cc..382a4cea80 100644
--- a/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.test.jsx
+++ b/awx/ui_next/src/screens/Inventory/shared/SmartInventoryForm.test.jsx
@@ -1,5 +1,6 @@
 import React from 'react';
 import { act } from 'react-dom/test-utils';
+import { createMemoryHistory } from 'history';
 import {
   mountWithContexts,
   waitForElement,
@@ -135,6 +136,29 @@ describe('<SmartInventoryForm />', () => {
     });
   });
 
+  test('should pre-fill the host filter when query param present and not editing', async () => {
+    let wrapper;
+    const history = createMemoryHistory({
+      initialEntries: [
+        '/inventories/smart_inventory/add?host_filter=name__icontains%3Dfoo',
+      ],
+    });
+    await act(async () => {
+      wrapper = mountWithContexts(
+        <SmartInventoryForm onCancel={() => {}} onSubmit={() => {}} />,
+        {
+          context: { router: { history } },
+        }
+      );
+    });
+    wrapper.update();
+    const nameChipGroup = wrapper.find(
+      'HostFilterLookup ChipGroup[categoryName="Name"]'
+    );
+    expect(nameChipGroup.find('Chip').length).toBe(1);
+    wrapper.unmount();
+  });
+
   test('should throw content error when option request fails', async () => {
     let wrapper;
     InventoriesAPI.readOptions.mockImplementationOnce(() =>