Comparing Richmond Brothers, Inc.'s Q3 2022 and Q4 2022 13F Holdings

Investment management firm Richmond Brothers, Inc. recently disclosed their Q3 2022 and Q4 2022 13F holdings, which show some drastic changes in holdings. With a total of 26 stocks in their portfolio, the firm dropped some securities completely and increased their stake in others. In this post, we will analyze the changes in holdings and discuss their impact on the market.

One of the most significant developments in their holdings is the decrease in shares of Invesco QQQ Trust (QQQ) and Berkshire Hathaway Inc (BRK-B) by 24% and 11.2%, respectively. This decrease in these two stocks caused the firm's Q3 2022 value ($30,780,000) to fall by 24% to $23,397,000 in Q4 2022. However, the most significant percentage change in their holdings belonged to Guggenheim Strategic Opportunities Fund (GOF). The firm increased its shares by an astonishing 149.9%, which resulted in its Q3 2022 value ($2,702,000) jumping to $6,751,000 in Q4 2022.

Despite holding on to some technologies, such as Microsoft Corp (MSFT), which decreased by 21.3%, and Apple Inc (AAPL), which decreased by 22.3%, the firm decreased its stake in iShares Trust (IBB) by 25.4% and the ARK Innovation ETF (ARKK) by 35.5%. Meanwhile, Nuveen AMT-Free Municipal Credit Income Fund (NVG) dropped by more than 49.2%, with Richmond Brothers Inc. holding only 104,876 shares in Q4 2022 compared to 214,664 shares in Q3 2022. Furthermore, the Invesco Exchange-Traded Fund Trust II (PEJ) was liquidated entirely in Q4 2022, as per their 13F filing.

One of the most notable changes to their holdings was in Air Industries Group, Inc. (AIRI), which the firm increased its shares by an astonishing 6,522%. After having no shares in Q3 2022, the firm increased its shares to 2,283,633 in Q4 2022, with the company now representing 22.6% of their portfolio. Another stock significantly increased in Q4 2022 is Ocugen, Inc. (OCUP), with the firm owning 328,970 shares, up from 320,332 shares in Q3 2022.

Other stocks that the firm decided to invest in more heavily in Q4 2022 are The Procter & Gamble Co (PG) (which they increased by 15.8%), McDonald's Corp (MCD) (which they increased by 12.0%), and Verizon Communications Inc (VZ) (which they increased by 12.1%).

On the other hand, the firm decreased their stakes in Vanguard Bond Index Funds (BSV) and Axonics Modulation Technologies, Inc. (AXNX), where they sold all shares in Q4 2022.

In conclusion, Richmond Brothers, Inc.’s Q3 2022 and Q4 2022 holdings illustrate the changes in their investment strategies. Although we cannot be sure of the reasons behind the changes, analyzing such movements is essential for investors to keep up to date with market trends and identify profitable investment opportunities.