Robert Bruce (Trades, Portfolio) is founder of the Bruce Fund run by Robert and son Jeff. From 2000 through 2006, the Bruce Fund returned annualized 29.7%. Bruce's previous returns and more recent returns have been lower.
Web Page: http://www.thebrucefund.com/
Bruce invests in stocks –Â mostly small- and mid-cap plus the occasional large-cap –Â and convertible and distressed bonds. The Bruces tend to hold their stocks for the long term.
His portfolio is composed by 52 stocks and has a total value of 362$ M.
On the last quarter he did the following trades :
1) He bought 2,172,548 shares of Sirius XM Holdings Inc (SIRI) with a total impact of 2.1% on his portfolio.
The Company broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its proprietary satellite radio systems: the SIRIUS system and the XM system.
SIRI is trading at 44.60 of P/E and 16.70 P/B and both the Peter Lynch Value and DCF Model say the company is overpriced.
Over the last 5 years the company had strong growth on his financial data. Revenue grew by 13%, EPS grew by 49.30%, Book Value grew by 47.90%
SIRI is mostly held by Chris Shumway (1.27% of Outstanding Shares), Leon Cooperman (1.05% of Outstanding Shares), John Griffin (1% of Outstanding Shares).
2) He increased his position in International Business Machines Corp (IBM) with a total impact of 0.88% on his portfolio.
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The company creates business value for clients and solves business problems through integrated solutions that leverage information technology and knowledge of business processes. Its solutions create value by reducing a client's operational costs or by enabling new capabilities that generate revenue.
IBM is trading at 13.20 P/E ratio and 11.14 P/B ratio and both the Peter Lynch EarningLine and the DCF model say the company is undervalued at its current price.
Over the last 5 years the company had easy growth of his financial data. Revenue grew by 6.50%, EPS grew by 10.80%, Book Value grew by 3.40%
IBM is mostly held by Warren Buffett (7.12% of Outstanding Shares) and Jeremy Grantham ( 0.61% of Outstanding Shares).
3) He increased his position in Supernus Pharmaceuticals Inc (SUPN) with a total impact of 0.68% on his portfolio.
SUPN is a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases, including neurological and psychiatric disorders.
SUPN is trading at 5.70 P/B ratio and Rober Bruce is the top holder of SUPN shares. Other Guru holding this company is Jim Simons.
4) He increased his position in Phoenix Companies Inc (PNX) with a total impact of 0.36% on his portfolio.
PNX is an holding company, Its operating subsidiaries provide life insurance and annuity products through independent agents and financial advisors.
PNX is trading at 5.60 of P/E and 0.70 of P/B. Both the Peter Lynch Chart and the DCF model put the company as undervalued at current price.
Over the last 5 years the Company had negative growth in Revenue (it dropped by 4.00 %) and also the Book Value had negative growth (-17.50%)
Bruce is the main holder of this company. Other guru Jim Simons Sold out his shares last year.
