- Robert & Jeffrey Bruce’s 13F portfolio increased from $359M to $391M this quarter.
- Bruce Fund added Allergan plc 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), CMS Energy (CMS), and Allstate
(ALL) 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. The one significant move was the establishment of a ~1.5% portfolio
stake in Allergan plc (AGN) at prices between $202 and $278. The stock
currently trades at $245.
Below is a spreadsheet that shows the changes to Robert & Jeffrey Bruce's Bruce Fund Holdings US
long portfolio holdings as of Q2 2016. For a look at how the portfolio has progressed, see our previous update:
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