- Robert & Jeffrey Bruce’s 13F portfolio decreased from $391M to $370M this quarter.
- Bruce Fund kept the portfolio almost steady during the quarter.
- The largest three individual stock positions are AMERCO, Nextera Energy, and Duke Energy and they add up to more than one-third of the portfolio.
Robert & Jeffrey Bruce’s 13F portfolio increased ~9% from $359M to $391M this quarter. Recent 13F reports have shown a total of around 50 positions. The largest five individual stock positions are AMERCO (UHAL), Nextera Energy (NEE), Duke Energy (DUK), Allstate (ALL), and CMS Energy (CMS), and they add up to ~45% of the 13F portfolio.
Consistent with their strategy of very long holding periods and minimal portfolio turnover, the portfolio remained largely steady this quarter. Only three very minor stake reductions happened during the quarter.
Below is a spreadsheet that shows the changes to Robert & Jeffrey Bruce's Bruce Fund Holdings US long portfolio holdings as of Q3 2016. For a look at how the portfolio has progressed, see our previous update:
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