SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Sound Income Strategies, LLC

CIK 0001730960 · 500 WEST CYPRESS CREEK ROAD, SUITE 290, FT LAUDERDALE, FL, 33309 · 954-487-1860

Reported Value
$1.2B
Q3 2023
Positions
1,161
Filings on Record
33
2019–present window
Filed
Oct 12, 2023
original filing

Summary

Sound Income Strategies, LLC reported $1.2B in U.S.-listed holdings across 1,161 positions for Q3 2023.

Its largest position, HTGC, represents 3.5% of the portfolio.

Compared with Q2 2023, the fund opened 136 new positions and exited 95.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+30.0%
share of reported value
Largest Position
+3.5%
Hercules Capital
New / Exited
136 / 95
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $191MQ4 ’18Q1 ’19: $219MQ2 ’19: $289MQ3 ’19: $331MQ4 ’19: $590MQ4 ’19Q1 ’20: $291MQ2 ’20: $334MQ3 ’20: $366MQ4 ’20: $453MQ4 ’20Q3 ’21: $774MQ4 ’21: $850MQ1 ’22: $869MQ2 ’22: $750MQ2 ’22Q3 ’22: $688MQ4 ’22: $785MQ1 ’23: $920MQ2 ’23: $973MQ2 ’23Q3 ’23: $1.2BQ4 ’23: $1.2BQ1 ’24: $1.3BQ2 ’24: $1.6BQ2 ’24Q3 ’24: $1.6BQ4 ’24: $1.6BQ1 ’25: $1.7BQ2 ’25: $1.7BQ2 ’25Q3 ’25: $1.8BQ4 ’25: $2.1BQ1 ’26: $2.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 54.3%ETP: 18.9%Other: 15.6%REIT: 7.3%US DOMESTIC: 2.9%Other: 1.1%
  • Common Stock · 54.3% · $643M
  • ETP · 18.9% · $223M
  • Other · 15.6% · $185M
  • REIT · 7.3% · $86M
  • US DOMESTIC · 2.9% · $34M
  • Other · 1.1% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MAGNUM OPUS ACQUISITION LTDNEW+6.28M6.28M+$125M$125M
CHEESECAKE FACTORY INCNEW+1.54M1.54M+$34M$34M
GSKSPONSORED ADRGSK PLCNEW+272.8K272.8K+$10M$10M
KVUECOMKENVUE INCNEW+343.4K343.4K+$7M$7M
STELLANTIS N.VNEW+141.5K141.5K+$3M$3M
CTRECARETRUST REIT INCNEW+102.3K102.3K+$2M$2M
LEVILEVI STRAUSS & CO NEWNEW+76.6K76.6K+$1M$1M
FEMASYS INCNEW+38.9K38.9K+$925,923$925,923

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MAGNUM OPUS ACQUISITION LTDSHS CL A10.56%$125M6.28M
2TIDAL ETF TRSOUND ENHANCED · SOUND EQUITY INM3.90%$46M2.34M
3HTGCHERCULES CAPITAL INChistory →COM3.50%$41M2.52M
4ISHARES TR0-5YR HI YL CP3.49%$41M1.01M
5TSLXSIXTH STREET SPECIALTY LENDNhistory →COM3.18%$38M1.84M
6ARCCARES CAPITAL CORPhistory →COM3.10%$37M1.89M
7GBDCGOLUB CAP BDC INChistory →COM3.06%$36M2.47M
8VANECK VECTORS ETF TREMERGING MKTS HI2.92%$35M1.94M
9PFLTPENNANTPARK FLOATING RATE CAhistory →COM2.82%$33M3.13M
10OBDCOWL ROCK CAPITAL CORPORATIONhistory →COM2.77%$33M2.37M
11ISHARES INCJP MRGN EM HI BD2.67%$32M930.0K
12CHEESECAKE FACTORY INCNOTE 0.375% 6/12.64%$31M1.35M
13FIRST TREXCHNG TRADED FD VI TCW EMERGING MKT2.51%$30M1.99M
14ABBVABBVIE INChistory →COM1.57%$19M124.6K
15LYONDELLBASELL INDUSTRIES NSHS - A -1.50%$18M187.3K
16CSCOCISCO SYS INChistory →COM1.48%$18M325.9K
17VLOVALERO ENERGY CORPhistory →COM1.40%$17M116.7K
18OMCOMNICOM GROUP INChistory →COM1.33%$16M211.3K
19GEF/BGREIF INChistory →CL B1.31%$16M233.9K
20IBMINTERNATIONAL BUSINESS MACHShistory →COM1.24%$15M104.9K
21ENBENBRIDGE INChistory →COM1.20%$14M429.8K
22MAINMAIN STR CAP CORPhistory →COM1.18%$14M345.1K
23TAT&T INChistory →COM1.16%$14M917.7K
24PDCOEURPATTERSON COS INChistory →COM1.15%$14M459.6K
25PFEPFIZER INChistory →COM1.10%$13M394.4K
26NYCBEURNEW YORK CMNTY BANCORP INChistory →COM1.10%$13M1.15M
27HRBBLOCK H & R INChistory →COM1.09%$13M299.4K
28CSWCCAPITAL SOUTHWEST CORPhistory →COM1.01%$12M524.4K
29PG4PRINCIPAL FINANCIAL GROUP INhistory →COM0.94%$11M154.5K
30AAPLAPPLE INChistory →COM0.94%$11M64.7K
31OKEONEOK INC NEWhistory →COM0.93%$11M174.1K
32GSKSPONSORED ADRGSK PLCEquity Common Stock0.84%$10M272.8K
33TRVCCITIGROUP INCCOM NEW0.82%$10M236.7K
34BENFRANKLIN RESOURCES INCCOM0.82%$10M395.0K
35VICIVICI PPTYS INCCOM0.79%$9M321.1K
36MTBM & T BK CORPCOM0.79%$9M73.8K
37WHFWHITEHORSE FIN INCCOM0.77%$9M709.5K
38SPGSIMON PPTY GROUP INC NEWCOM0.75%$9M82.5K
39PINEALPINE INCOME PPTY TR INCCOM0.74%$9M533.5K
40MSMMSC INDL DIRECT INCCL A0.73%$9M87.8K
41WBAWALGREENS BOOTS ALLIANCE INCCOM0.70%$8M370.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.1B2,596Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.1B2,516Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.8B1,701Oct 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.7B1,609Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.7B1,558Apr 17, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B1,478Jan 21, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.6B1,409Oct 10, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.6B1,385Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B1,349Apr 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B1,319Jan 10, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.2B1,161Oct 12, 202313F-HRchanges · EDGAR ↗
Q2 2023$973M1,111Jul 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$920M1,057Apr 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$785M979Jan 11, 202313F-HRchanges · EDGAR ↗
Q3 2022$688M962Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$750M955Jul 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$869M933Apr 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$850M884Jan 13, 202213F-HRchanges · EDGAR ↗
Q3 2021$774M873Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021Under review926Jul 13, 202113F-HRchanges · EDGAR ↗
Q1 2021Under review961Apr 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$453M950Jan 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$366M932Oct 8, 202013F-HRchanges · EDGAR ↗
Q2 2020$334M870Jul 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$291M868Apr 7, 202013F-HRchanges · EDGAR ↗
Q4 2019REVEALED$590M1,305Jan 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$331M763Oct 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$289M762Jul 16, 201913F-HRchanges · EDGAR ↗
Q1 2019$219M772Apr 4, 201913F-HRchanges · EDGAR ↗
Q4 2018$191M813Jan 11, 2019RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.