Shikiar Asset Management Inc 13F annual report
Shikiar Asset Management Inc is an investment fund managing more than $374 million ran by Diane Mcdermott. There are currently 70 companies in Mrs. Mcdermott’s portfolio. The largest investments include Apple Inc and Amazon.com, together worth $84.5 million.
$374 million Assets Under Management (AUM)
As of 9th July 2024, Shikiar Asset Management Inc’s top holding is 293,777 shares of Apple Inc currently worth over $61.9 million and making up 16.5% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Shikiar Asset Management Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 116,949 shares of Amazon.com worth $22.6 million, whose value grew 25.8% in the past six months.
The third-largest holding is Alphabet Inc worth $19.7 million and the next is Novo-nordisk A/s-spons Adr worth $18.3 million, with 128,035 shares owned.
Currently, Shikiar Asset Management Inc's portfolio is worth at least $374 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Shikiar Asset Management Inc
The Shikiar Asset Management Inc office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Diane Mcdermott serves as the CCO at Shikiar Asset Management Inc.
Recent trades
In the most recent 13F filing, Shikiar Asset Management Inc revealed that it had opened a new position in
Devon and bought 113,800 shares worth $5.39 million.
This means they effectively own approximately 0.1% of the company.
Devon makes up
79.1%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Blackstone Secured Lending Fun by buying
13,685 additional shares.
This makes their stake in Blackstone Secured Lending Fun total 495,050 shares worth $15.2 million.
On the other hand, there are companies that Shikiar Asset Management Inc is getting rid of from its portfolio.
Shikiar Asset Management Inc closed its position in Textainer Group Holdings Ser A on 16th July 2024.
It sold the previously owned 46,300 shares for $1.16 million.
Diane Mcdermott also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $61.9 million and 293,777 shares.
One of the smallest hedge funds
The two most similar investment funds to Shikiar Asset Management Inc are Regent Investment Management and Octagon Capital Advisors L.P.. They manage $373 million and $375 million respectively.
Diane Mcdermott investment strategy
Shikiar Asset Management Inc’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 28.0% of
the total portfolio value.
The fund focuses on investments in the United States as
54.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
36% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $197 billion.
The complete list of Shikiar Asset Management Inc trades based on 13F SEC filings
These positions were updated on July 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Apple Inc |
0.08%
293,777
|
$61,875,000 | 16.55% |
| Amazon.com Inc. |
3.08%
116,949
|
$22,600,000 | 6.04% |
| Alphabet Inc |
3.97%
107,401
|
$19,699,000 | 5.27% |
| Novo-nordisk A/s-spons Adr |
1.39%
128,035
|
$18,276,000 | 4.89% |
| Microsoft Corporation |
1.82%
39,853
|
$17,812,000 | 4.76% |
| Blackstone Secured Lending Fun |
2.84%
495,050
|
$15,158,000 | 4.05% |
| Advanced Micro Devices Inc. |
0.05%
83,577
|
$13,557,000 | 3.63% |
| Taiwan Semiconductor Mfg Co |
351.81%
70,030
|
$12,172,000 | 3.25% |
| Royal Bank Of Canada |
33.84%
102,657
|
$10,921,000 | 2.92% |
| Chubb Ltd |
6.00%
41,071
|
$10,476,000 | 2.80% |
| Aramark |
7.03%
306,215
|
$10,417,000 | 2.79% |
| Incyte Corp. |
120.89%
162,025
|
$9,822,000 | 2.63% |
| MGM Resorts International |
15.35%
219,025
|
$9,733,000 | 2.60% |
| NextEra Energy Inc |
11.37%
131,479
|
$9,310,000 | 2.49% |
| Slm Corp Pfd Ser B 7.30 |
2.85%
122,518
|
$9,284,000 | 2.48% |
| Cigna Group (The) |
2.88%
26,940
|
$8,906,000 | 2.38% |
| Alerian Mlp Etf |
14.77%
185,505
|
$8,901,000 | 2.38% |
| Linde Plc. |
No change
20,246
|
$8,884,000 | 2.38% |
| Goldman Sachs BDC Inc |
16.06%
554,290
|
$8,331,000 | 2.23% |
| Freeport-McMoRan Inc |
5.09%
142,560
|
$6,928,000 | 1.85% |
| Golub Capital BDC Inc |
0.88%
412,980
|
$6,488,000 | 1.73% |
| Bank of America Corporation |
9.80%
162,330
|
$6,456,000 | 1.73% |
| Synchrony Financial Ser B 8.25 |
41.08%
233,200
|
$5,949,000 | 1.59% |
| Devon Energy Corp. |
Opened
113,800
|
$5,394,000 | 1.44% |
| SLM Corp. |
19.54%
211,350
|
$4,394,000 | 1.17% |
| Lvmh Moet Hennessy Louis Vuitt |
23.26%
23,774
|
$3,636,000 | 0.97% |
| Ftai Aviation Pfd Ser D 9.5 |
506.42%
122,800
|
$3,211,000 | 0.86% |
| Coty Inc |
15.20%
306,900
|
$3,075,000 | 0.82% |
| Lincoln National Co Pfd Ser D |
19.05%
108,275
|
$3,026,000 | 0.81% |
| Gaming and Leisure Properties Inc |
6.89%
62,357
|
$2,819,000 | 0.75% |
| Spdr Gold Trust |
4.01%
12,577
|
$2,704,000 | 0.72% |
| Compass Diversified Hldgs Pfd |
0.13%
192,516
|
$4,724,000 | 1.26% |
| Vanguard Russell 1000 Growth I |
No change
23,500
|
$2,205,000 | 0.59% |
| LXP Industrial Trust |
10.93%
229,450
|
$2,093,000 | 0.56% |
| Danaher Corp Com |
3.22%
7,372
|
$1,842,000 | 0.49% |
| Costco Wholesale Corp |
12.20%
2,160
|
$1,836,000 | 0.49% |
| Green Brick Partners Pfd Ser A |
12.14%
81,600
|
$1,771,000 | 0.47% |
| Robinhood Mkts Inc Com Cl A |
57.39%
67,559
|
$1,534,000 | 0.41% |
| Zscaler Inc |
8.00%
7,935
|
$1,525,000 | 0.41% |
| Madrigal Pharmaceuticals Inc |
No change
5,400
|
$1,513,000 | 0.40% |
| Pebblebrook Hotel Tr Pfd Ser G |
11.15%
73,250
|
$1,435,000 | 0.38% |
| Unit Corp. |
83.31%
39,000
|
$1,423,000 | 0.38% |
| Jackson Financial Ser A 8 |
28.38%
53,150
|
$1,369,000 | 0.37% |
| Textainer Group Holdings Ser A |
Closed
46,300
|
$1,162,000 | |
| Pebblebrook Hotel Tr Pfd Ser H |
9.84%
60,900
|
$1,108,000 | 0.30% |
| Axon Enterprise Inc |
No change
3,000
|
$883,000 | 0.24% |
| Regeneron Pharmaceuticals, Inc. |
5.89%
799
|
$840,000 | 0.22% |
| Citigroup Inc |
No change
12,438
|
$789,000 | 0.21% |
| Jp Morgan Chase & Co |
5.05%
3,141
|
$635,000 | 0.17% |
| Berkshire Hathaway Inc. |
No change
1
|
$612,000 | 0.16% |
| Mcdonalds |
No change
1,776
|
$453,000 | 0.12% |
| Lab Corp Of America |
Closed
1,940
|
$424,000 | |
| Johnson & Johnson |
16.99%
2,663
|
$389,000 | 0.10% |
| Fortress Biotech Inc |
1.27%
225,969
|
$387,000 | 0.10% |
|
Opened
2,070
|
$377,000 | 0.10% | |
| Honeywell International Inc |
No change
1,720
|
$367,000 | 0.10% |
| Pepsico Inc |
No change
2,050
|
$338,000 | 0.09% |
| Easterly Government Properties Inc |
Opened
26,000
|
$322,000 | 0.09% |
| Procter & Gamble Co. |
10.89%
1,874
|
$309,000 | 0.08% |
| Qurate Retail Inc Pfd Ser A 8 |
20.00%
7,200
|
$303,000 | 0.08% |
| United States Cellular Corp Se |
Closed
14,600
|
$282,000 | |
| Tlne |
23.08%
2,500
|
$278,000 | 0.07% |
| Palantir Technologies Inc. |
78.57%
10,500
|
$266,000 | 0.07% |
| Vornado Realty Ser N 5.25 |
No change
17,500
|
$262,000 | 0.07% |
| Humana Inc. |
Closed
750
|
$260,000 | |
| Eli Lilly & Co |
No change
280
|
$254,000 | 0.07% |
| Enterprise Products Partners L |
No change
8,500
|
$246,000 | 0.07% |
| Cardlytics Inc |
28.50%
28,725
|
$236,000 | 0.06% |
| PayPal Holdings Inc |
No change
4,000
|
$232,000 | 0.06% |
| Zions Bancorporation |
Closed
5,000
|
$217,000 | |
| UroGen Pharma Ltd |
67.67%
10,750
|
$180,000 | 0.05% |
| Enhabit, Inc. |
No change
20,000
|
$178,000 | 0.05% |
| Ultralife Batteries |
No change
10,000
|
$106,000 | 0.03% |
| Orasure Technologies Inc. |
Opened
22,500
|
$96,000 | 0.03% |
| Allogene Therapeutics Inc |
No change
15,750
|
$37,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 75 holdings | |||
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