Robert Bruce

Robert Bruce

Last Update: 2014-02-14

Number of Stocks: 53
Number of New Stocks: 1

Total Value: $352 Mil
Q/Q Turnover: 1%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Robert Bruce Watch

  • Buffett Ratio Guru Portfolio Analysis - The Portfolio of Robert Bruce Analyzed

    The following is an analysis of the most current portfolio of Robert Bruce. This analysis will use a system that I designed that is based on the ratio that Warren Buffet released to the public in 1986, which he coined “Owner Earnings.” For those new to this type of analysis, I would recommend reading an introduction to my system here.

    My goal is ultimately to analyze the portfolios of each guru highlighted here on GuruFocus, and then to re-analyze them every quarter when possible as changes are made. My purpose in writing these articles is to show the power of Buffett’s ratio in analyzing stocks, ETFs, Mutual Funds and individual portfolios. If one can fill their portfolios with companies that score high using my system and avoid those which fail, one should be able to increase the probability of becoming a successful investor.  


  • Robert Bruce Top Holdings: American Italian Pasta Company, America Service Group Inc., Amerco, Arena Resources Inc., Kinross Gold Corp., ATP Oil & Gas Corp.

    (GuruFocus, February 11, 2010) Investment Guru Robert Bruce manages a very small fund – the Bruce Fund. The 2009 annual report discloses that the fund has $185 million total assets. The Fund manager manages money quietly. He does not grant media interview, nor does he write column articles for newspaper or magazines.

    Performance

    Performance of the fund, however, is nothing but small. For the past ten years, MorningStar calculates that through 02-11-2010 it had an annualized return of 17.62%, handily beat the market index, and 99% of the other funds in the same category (MorningStar designated “moderate allocation” category). However, 3 and 5-year performances are level impressive, especially during the past three years, it fell behind 59% of the fund in the same category. The Bruce Fund illustrate that 3-year is too short a period to evaluate a fund manager.  


  • Robert Bruce Top Holdings: American Italian Pasta Company, America Service Group Inc., Kinross Gold Corp., Amerco , Arena Resources Inc. , GAINSCO INC

    (GuruFocus, October 2, 2009) Bruce Berkowitz of Fairholme Fund is always very candid when asked about his investment approach and he does not mind commenting on his individual holdings. He runs a concentrated portfolio and the room for error is pretty thin, so by opening himself to the public, he better be familiar to the story behind stocks and ready to defend them. Recently, Berkowitz defended his allocating 41% of his assets on Health Care sector in the midst of a national Health Care reform and the uncertainties coming with the debate.

    While amazed by his confidence, I started to look who else also has a large allocation in Health Care sector and I found Robert Bruce of The Bruce Fund (BRUFX). Robert Bruce manages a lot smaller fund than Berkowitz. His asset under management is about $200 million, only about 1/50 of that of Berkowitz. His performance for the 10 years through 2008 is as follows:  


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