Sanders Morris Harris' Q1 2023 13F Holdings Comparison: Positive Shift in Investment Strategy

Sanders Morris Harris LLC is an investment management company that offers a range of investment products designed to maximize returns and minimize risk for clients. The company released their Q4 2022 vs. Q1 2023 13F Holdings Comparison, which shows the changes in their holdings for the two periods. The following is a summary of the changes and what they mean for investors.

First, let's take a look at the top holdings for Sanders Morris Harris LLC as of Q4 2022. INVESCO QQQ TR (QQQ) is their largest holding, with no changes in shares or value for Q1 2023. Secondly, BLACKSTONE INC (BX) is the second-largest holding, with a decrease of 24,075 shares (-4.26%) and a decrease in value of $3,409,000 (-13.3%). Despite the decrease, this is still a strong holding for Sanders Morris Harris LLC.

ENTERPRISE PRODS PARTNERS L (EPD) is the third-largest holding, with a decrease of 23,593 shares (-3.95%) and an increase in value of $451,000 (3.1%). This is a good sign for investors as the value of the holding has increased despite the decrease in shares. CAPITAL SOUTHWEST CORP (CSWC) is their fourth-largest holding, with an increase of 5,175 shares (0.72%) and an increase in value of $580,000 (4.7%). This is a strong holding for Sanders Morris Harris LLC as it has seen an increase in both shares and value.

ELANCO ANIMAL HEALTH INC (ELAN) is their fifth-largest holding, with an increase of 288,068 shares (36.19%) and an increase in value of $472,000 (4.9%). This is a very positive sign for investors as the value of the holding has increased significantly with the increase in shares. APPLE INC (AAPL) is their sixth-largest holding, with a decrease of 66,318 shares (-51.89%) and a decrease in value of $6,466,000 (-38.9%). This is a major decrease for Sanders Morris Harris LLC, and it is likely due to Apple's recent performance in the market.

ARK ETF TR (ARKK) is their seventh-largest holding, with an increase of 247,758 shares and an increase in value of $9,994,000. This is a significant increase for Sanders Morris Harris LLC, and it is a positive sign for investors as it shows that they have faith in ARKK's performance. MAIN STR CAP CORP (MAIN) is their eighth-largest holding, with an increase of 1,336 shares (0.61%) and an increase in value of $598,000 (7.4%). This is a small increase, but it is still a positive sign for investors.

VOX ROYALTY CORP is their ninth-largest holding, with an increase of 2,150,903 shares and an increase in value of $6,644,000. This is a new holding for Sanders Morris Harris LLC, and it is a positive sign for investors as it shows that they are diversifying their portfolio. RESERVOIR MEDIA INC (RSVR) is their tenth-largest holding, with a decrease of 64,965 shares (-6.23%) and an increase in value of $150,000 (2.4%). This is a small decrease, but it is still a positive sign for investors.

Overall, the changes in holdings for Sanders Morris Harris LLC for Q1 2023 are mostly positive. The increase in value of ELANCO ANIMAL HEALTH INC and ARK ETF TR are particularly noteworthy, as they show that Sanders Morris Harris LLC has confidence in the performance of these holdings. The decrease in APPLE INC is a concern, but it is likely due to Apple's performance in the market. The addition of VOX ROYALTY CORP is a positive sign, as it shows that Sanders Morris Harris LLC is diversifying their portfolio.