Shikiar Asset Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

Shikiar Asset Management Inc, a renowned asset management firm, has recently released its 13F holdings report for the first and second quarters of 2023. The report highlights the changes in the company's holdings during this period, showcasing the stocks that have seen significant increases or decreases in their value.

During the first quarter of 2023, Shikiar Asset Management Inc held a substantial number of shares in various companies. Among these, the technology giant Apple (AAPL) experienced a 23.4% increase in shares from 303,268 to 318,211, with the value soaring from $50,009,000 to $61,723,000. Similarly, Amazon (AMZN) witnessed a 21.8% growth in shares, rising from 142,940 to 137,935, with the value increasing from $14,764,000 to $17,981,000.

One of the most significant changes in holdings was seen in Royal Bank of Canada (RY.TO). Shikiar Asset Management Inc saw a staggering 47.4% rise in shares, from 105,157 to 155,157. The value also surged from $10,051,000 to $14,819,000. Microsoft (MSFT) and Alphabet Inc (GOOG) experienced more modest changes, with a 17.8% increase and a 21.8% increase in shares, respectively.

Boeing (BA) held by Shikiar Asset Management Inc, witnessed only a marginal increase of 2.7% in shares, indicating a steady holding during this period. Advanced Micro Devices (AMD) also experienced a modest 16.3% rise in shares. However, it is important to note that Cigna Group (CI) and NextEra Energy Inc (NEE) had a relatively smaller increase of 13.5% and 1.5% respectively.

On the other hand, MGM Resorts International (MGM) saw a significant decrease of 12.5% in shares, indicating a shift in Shikiar Asset Management Inc's investment strategy. Similarly, Blackstone Secured Lending Fund, Green Brick Partners PFD Ser A, and Textainer Group Holdings Ser A also experienced notable decreases in shares.

Overall, Shikiar Asset Management Inc's 13F holdings report for the first and second quarters of 2023 showcases a mix of growth and decline in various stocks. This demonstrates the dynamic nature of the investment landscape and the constant evaluation and adjustment made by asset management firms to optimize their portfolios.

Investors and market analysts can leverage the insights provided by these reports to make informed decisions about their own investment strategies. As the market continues to evolve, the ability to analyze and interpret data such as 13F holdings reports becomes an essential tool for anyone involved in the financial industry.

Note: The data presented in this article is based on the 13F holdings report filed by Shikiar Asset Management Inc. These numbers represent changes in holdings and do not necessarily reflect the entirety of their portfolio or investment strategy.