Sound Income Strategies, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Sound Income Strategies, LLC is a reputable investment firm known for its sound investment strategies. In this blog post, we will compare the 13F holdings of Sound Income Strategies, LLC between the second quarter (Q2) and third quarter (Q3) of 2023. This analysis will provide valuable insights into the changes in holdings made by the firm during this period.

During Q2 2023, Sound Income Strategies, LLC held a significant number of shares in various companies. One of the notable holdings was in Magnum Opus Acquisition Ltd (OPA). However, in Q3 2023, their holdings in OPA saw a substantial increase, with 6,282,511 shares held, compared to no shares held in Q2 2023. This increase signifies the firm's growing confidence in the potential of Magnum Opus Acquisition Ltd.

Another company that Sound Income Strategies, LLC had vested interest in was Hercules Capital Inc (HTGC). In Q2 2023, the firm held 2,479,869 shares in HTGC, with a value of $36,702,000. However, their holdings in HTGC saw a slight increase in Q3 2023, with 2,521,109 shares held, valued at $41,396,000. This 12.8% increase indicates that Sound Income Strategies, LLC views Hercules Capital Inc as a profitable investment.

On the other hand, there were a few companies where Sound Income Strategies, LLC reduced its holdings. One such company was iShares TR (SHYG). In Q2 2023, the firm held 1,013,265 shares in SHYG, valued at $41,999,000. However, by Q3 2023, their holdings decreased to 1,006,924 shares, with a value of $41,314,000. This represents a small decrease of 1.6% in their holdings. Despite the reduction, Sound Income Strategies, LLC still retains a significant position in iShares TR.

Moving on to another notable change, Sound Income Strategies, LLC increased its holdings in Sixth Street Specialty Lendn (TSLX). In Q2 2023, the firm held 1,791,622 shares in TSLX, valued at $33,485,000. By Q3 2023, their holdings in TSLX had grown to 1,841,388 shares, valued at $37,637,000. This 12.4% increase suggests that Sound Income Strategies, LLC sees potential in Sixth Street Specialty Lendn.

Additionally, Ares Capital Corp (ARCC) is another company where Sound Income Strategies, LLC increased its holdings. In Q2 2023, the firm held 1,834,125 shares in ARCC, with a value of $34,463,000. By Q3 2023, their holdings in ARCC grew to 1,887,908 shares, valued at $36,757,000. This 6.7% increase demonstrates Sound Income Strategies, LLC's confidence in the future prospects of Ares Capital Corp.

Furthermore, Golub Cap BDC Inc (GBDC) experienced an increase in holdings from 2,398,335 shares in Q2 2023 to 2,468,443 shares in Q3 2023. This represents an 11.8% increase in their holdings. Sound Income Strategies, LLC's belief in the potential of Golub Cap BDC Inc is evident from this increase.

It is worth noting that Sound Income Strategies, LLC also made some interesting changes in holdings outside of the financial sector. For example, they acquired 1,543,591 shares in The Cheesecake Factory Inc, signaling their interest in the restaurant industry.

In conclusion, Sound Income Strategies, LLC made significant changes to its holdings during the transition from Q2 2023 to Q3 2023. While they increased their holdings in companies like Magnum Opus Acquisition Ltd and Hercules Capital Inc, they slightly reduced their holdings in iShares TR. These changes reflect the firm's strategies to optimize their portfolio and capitalize on potential opportunities. Investors can take note of these changes and potentially align their investment strategies with Sound Income Strategies, LLC's holdings.