Biechele Royce Advisors Q3 2022 vs. Q4 2022 Fund Holdings Comparison: Which Stocks Saw the Biggest Changes?

The latest data from Biechele Royce Advisors' 13F filings reveals interesting shifts in the fund's holdings between Q3 2022 and Q4 2022. The changes were significant, with some positions seeing double-digit percentage increases or decreases. But what stocks were affected the most by the reshuffling of investments? In this article, we'll explore those changes and what they might portend for the future.

First, let's take a look at the biggest gainers in the basket of stocks held by Biechele Royce Advisors from Q3 to Q4 2022. The most significant increase was seen in the shares of RHI, which surged 137.1%. The value of these shares jumped from $4.5 million to $10.6 million. In second place was BWA, which grew holdings by 31.4%. The shares in this company were worth $10.2 million in Q3 but rose to $13.4 million by Q4. Lastly, AMAT's stock saw a significant increase of 23.4%, with shares worth $11.6 million in Q3 and $14.3 million in Q4.

It's worth noting that some of these increases in holdings weren't spread across the portfolio. Indeed, three stocks accounted for the largest percentage increases in holdings, with all other stocks having lower percentages. Therefore, it's possible that Biechele Royce Advisors is placing strategic bets on these sectors for future growth.

Now let's take a look at the biggest losers during the same period. The stock with the most significant decrease was WBD, which fell 52.6%. In Q3, Biechele Royce Advisors held $6.5 million worth of WBD shares, but this shrunk to $3.1 million in Q4. In second place was BRK-B, the amount of shares of which declined 23.7% ($510 million in Q3 to $388 million in Q4). Lastly, Intel saw a significant decline in shares held, with Biechele Royce Advisors reducing its holdings by 25.9% between Q3 and Q4. Shares in this company were worth $7.5 million in Q3 and $5.5 million in Q4.

Other stocks that saw a decrease in their holdings by Biechele Royce Advisors included T (down 22.1%), SLV (down 18.4%), and ABNB (down 18.4%). An interesting note is that some of these "loser" stocks belong to the "high-yield" category. Therefore, some of the selling could be attributed to portfolio balancing aims.

Finally, it's worth noting that some stocks remained unchanged in terms of the number of shares held. These included XLI, META, and EW.

In conclusion, Biechele Royce Advisors' Q3 and Q4 2022 holdings comparison results present a contrasting picture of their portfolio. While certain stocks, such as RHI, saw huge percentage gains, others like WBD saw similar percentage losses. It's interesting to see that there was a significant shift in the allocation of funds across just a few companies, which could be a sign of strategic investment betting on growth in specific sectors. Nonetheless, only time will tell if these investment decisions will pay off.