
	Robert Bruce 13F
	Bruce & Co.

	Last update 2023-02-15	33 Stocks (4 new)
	Value $366.00 Mil	Turnover 10 %
	Top Holdings: UHAL.B(9.91%) MRK(9.17%) ABBV(8.93%) NEE(7.93%) PFE(7.59%) Portfolio Report

Robert Bruce Profile

Robert Bruce is the founder of Bruce & Co, the investment firm that serves as the advisor to the Bruce Fund (BRUFX). The Bruce Fund is run by Robert Bruce and his son, Robert Jeffrey Bruce. The Fund focuses primarily on common stock investments, though it also invests in high-yield and distressed debt. It may invest in some long-term U.S. government securities if the managers cannot find attractive opportunities elsewhere.

Robert Bruce Investing Philosophy

The Fund invests mostly in small- and mid-cap stocks, with the occasional large-cap, as well as convertible and distressed bonds. The Bruces tend to hold their stocks for the long-term, generally preferring the securities of distressed companies that are trading at a significant discount but which they believe can make a turnaround.

Robert Bruce's Portfolio

Robert Bruce Current Holdings

Ticker
Ticker
UHAL.B
MASS
LVTX
PSNL
T
PFE
DUK
CMS
XEL
ABT
AVA
IIIN
EDAP
BHC
SIRI
NEM
PRTK
AMYT
MNKD
IGMS

Ticker	Company	Industry	Market Cap $Mil	Shares	Value ($1000)	Shares Change %	Weighting %	Trade Impact %	% of Shares outstanding	3M Change %	YTD Change %
Ticker	Company	Industry	Market Cap $Mil	Shares	Value ($1000)	Shares Change %	Weighting %	Trade Impact %	% of Shares outstanding	3M Change %	YTD Change %
UHAL.B	U-Haul Holding Co	Business Services	9,647.42	660,530	36,315.94	New Holding	9.91	+9.91%	0.34	-11.23%	-11.44%
MASS	908 Devices Inc	Medical Devices & Instruments	252.85	68,286	520.34	New Holding	0.14	+0.14%	0.22	+7.93%	+3.54%
LVTX	LAVA Therapeutics NV	Biotechnology	41.80	100,000	350.00	New Holding	0.10	+0.10%	0.38	-53.24%	-54.57%
PSNL	Personalis Inc	Medical Diagnostics & Research	121.52	50,000	99.00	New Holding	0.03	+0.03%	0.11	+33.33%	+31.31%
T	AT&T Inc	Telecommunication Services	132,686.89	1,132,000	20,840.12	+5.60%	5.69	+0.30%	0.02	+3.15%	+2.59%
PFE	Pfizer Inc	Drug Manufacturers	227,977.41	542,700	27,807.95	0%	7.59	0%	0.01	-21.28%	-20.37%
DUK	Duke Energy Corp	Utilities - Regulated	72,726.07	261,200	26,900.99	0%	7.34	0%	0.03	-7.39%	-7.39%
CMS	CMS Energy Corp	Utilities - Regulated	17,624.51	418,500	26,503.61	0%	7.23	0%	0.14	-4.25%	-3.81%
XEL	Xcel Energy Inc	Utilities - Regulated	36,042.47	372,500	26,115.98	0%	7.13	0%	0.07	-6.16%	-5.76%
ABT	Abbott Laboratories	Medical Devices & Instruments	170,405.63	167,600	18,400.80	0%	5.02	0%	0.01	-8.89%	-10.23%
AVA	Avista Corp	Utilities - Regulated	3,085.99	205,000	9,089.70	0%	2.48	0%	0.28	-5.13%	-6.20%
IIIN	Insteel Industries Inc	Industrial Products	526.74	274,000	7,540.48	0%	2.06	0%	1.41	+0.30%	-1.49%
EDAP	Edap TMS SA	Medical Devices & Instruments	406.33	565,652	6,029.85	0%	1.65	0%	1.56	+7.15%	+5.44%
BHC	Bausch Health Companies Inc	Drug Manufacturers	2,617.82	931,000	5,846.68	0%	1.60	0%	0.26	+14.22%	+15.13%
SIRI	Sirius XM Holdings Inc	Media - Diversified	14,667.19	657,843	3,841.80	0%	1.05	0%	0.02	-35.03%	-35.03%
NEM	Newmont Corp	Metals & Mining	38,573.39	65,000	3,068.00	0%	0.84	0%	0.01	+2.30%	+3.71%
PRTK	Paratek Pharmaceuticals Inc	Biotechnology	94.49	1,557,312	2,912.17	0%	0.79	0%	2.80	-6.25%	-11.76%
AMYT	Amryt Pharma PLC	Drug Manufacturers	935.71	315,182	2,300.83	0%	0.63	0%	0.49	+102.64%	+99.86%
MNKD	MannKind Corp	Biotechnology	1,053.06	195,073	1,028.04	0%	0.28	0%	0.07	-21.61%	-24.29%
IGMS	IGM Biosciences Inc	Biotechnology	658.67	55,000	935.55	0%	0.26	0%	0.13	-9.56%	-9.58%

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