Shikiar Asset Management Inc Q3 2022 vs. Q1 2023 13F Holdings Comparison

The third quarter of 2022 showed an interesting change in holdings for Shikiar Asset Management Inc. Though several shifts occurred over the next two quarters, the most notable changes happened between Q3 2022 and Q1 2023. Some holdings saw big gains, while others made significant losses.

One notable stock that saw an increase in shares was Apple Inc. During Q3 2022, the company had 342,300 shares, while Q1 2023 saw this number decrease slightly to 303,268. However, the value of these shares went up slightly over the same period, from $47,306,000 to $50,009,000, indicating some net profit.

Amazon.com Inc., unfortunately, did not fare so well. The online retail giant saw a significant drop in the number of shares held, from 166,930 in Q3 2022 to just 142,940 in Q1 2023. This dramatic shift was commensurate with the value of the shares held, which dropped from $18,863,000 to $14,764,000. This represented a decrease of 21.7 percent and highlights why investors should always keep a careful eye on their portfolios.

Other companies that experienced growth in holdings include Royal Bank of Canada, which saw the number of shares held by Shikiar Asset Management Inc. increase from 5,157 in Q3 2022 to 105,157 shares in Q1 2023. With this growth, the value of the shares increased from $464,000 to $10,051,000. This represented an astonishing increase of 2066.2 percent.

MGM Resorts International also experienced growth, with holdings increasing from 284,725 in Q3 2022 to 244,210 in Q1 2023. Despite losing some shares, the value of MGM Resorts shares held rose from $8,462,000 to $10,848,000, indicating a net gain.

Other companies that fared well for Shikiar Asset Management Inc. included Advanced Micro Devices Inc. and LVMH Moet Hennessy Louis Vuitton. Both experienced massive and impressive growth within the reported period, perhaps indicating a trend that will carry into the future.

While the loss of shares for companies like Amazon.com and Bank of America was significant, it's essential to remember that every investor will have their ups and downs in the market. Keeping a close eye on your portfolio and taking note of patterns and trends, as demonstrated here, can help adjust holdings to maximize gains.