- Robert & Jeffrey Bruce’s 13F portfolio value increased from $448M to $461M this quarter.
- Bruce Fund increased Allergan plc during the quarter.
- The largest three individual stock positions are AMERCO, Nextera Energy, and Allstate and they add up to ~31% of the portfolio.
Robert & Jeffrey Bruce’s 13F portfolio increased ~3%
from $448M to $461M 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), Allstate (ALL), Duke Energy (DUK), and CMS Energy
(CMS), and they add up to ~43% of the 13F portfolio.
Consistent with their strategy of very long holding periods
and minimal portfolio turnover, the portfolio remained relatively steady this
quarter: the main change was a ~78% increase in Allergan plc (AGN). The
position is now at ~3% of the portfolio.
Below is a spreadsheet that shows the changes to Robert
& Jeffrey Bruce's Bruce Fund Holdings US long portfolio holdings as of Q4
2017. For a look at how the portfolio has progressed, see our previous update:
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