Robert Bruce Buys 1, Sells 4 in 4th Quarter

Robert Bruce recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Robert Bruce (Trades, Portfolio) 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 (Trades, Portfolio) 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.

As of the latest 13F report, the guru’s equity portfolio contained 33 stocks valued at a total of $366.00Mil. The top holdings were UHAL.B(9.91%), MRK(9.17%), and ABBV(8.93%).

According to GuruFocus data, these were Robert Bruce (Trades, Portfolio)’s top five trades of the quarter.

U-Haul Holding Co


Robert Bruce (Trades, Portfolio) reduced their investment in NYSE:UHAL by 679,495 shares. The trade had a 10.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $57.53.

On 02/15/2023, U-Haul Holding Co traded for a price of $65.13 per share and a market cap of $11.45Bil. The stock has returned 10.18% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, U-Haul Holding Co has a price-earnings ratio of 18.26, a price-book ratio of 1.99, a price-earnings-to-growth (PEG) ratio of 1.56, a EV-to-Ebitda ratio of 6.89 and a price-sales ratio of 2.16.

The price-to-GF Value ratio is 1.06, earning the stock a GF Value rank of 5.

U-Haul Holding Co


The guru established a new position worth 660,530 shares in NYSE:UHAL.B, giving the stock a 9.91% weight in the equity portfolio. Shares traded for an average price of $57.91 during the quarter.

On 02/15/2023, U-Haul Holding Co traded for a price of $58.755 per share and a market cap of $11.67Bil. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, U-Haul Holding Co has a price-earnings ratio of 16.47, a price-book ratio of 2.03, a price-earnings-to-growth (PEG) ratio of 1.41, a EV-to-Ebitda ratio of 6.91 and a price-sales ratio of 2.22.

The price-to-GF Value ratio is 1.05, earning the stock a GF Value rank of 5.

Allstate Corp


Robert Bruce (Trades, Portfolio) reduced their investment in NYSE:ALL by 51,000 shares. The trade had a 1.86% impact on the equity portfolio. During the quarter, the stock traded for an average price of $130.77.

On 02/15/2023, Allstate Corp traded for a price of $136.06 per share and a market cap of $35.78Bil. The stock has returned 12.49% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Allstate Corp has a price-book ratio of 2.31, a EV-to-Ebitda ratio of -56.65 and a price-sales ratio of 0.71.

The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.

AbbVie Inc


Robert Bruce (Trades, Portfolio) reduced their investment in NYSE:ABBV by 21,000 shares. The trade had a 0.82% impact on the equity portfolio. During the quarter, the stock traded for an average price of $153.33.

On 02/15/2023, AbbVie Inc traded for a price of $151.4001 per share and a market cap of $267.75Bil. The stock has returned 8.66% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, AbbVie Inc has a price-earnings ratio of 22.90, a price-book ratio of 16.75, a price-earnings-to-growth (PEG) ratio of 1.60, a EV-to-Ebitda ratio of 13.52 and a price-sales ratio of 4.63.

The price-to-GF Value ratio is 1.17, earning the stock a GF Value rank of 3.

Merck & Co Inc


Robert Bruce (Trades, Portfolio) reduced their investment in NYSE:MRK by 21,000 shares. The trade had a 0.53% impact on the equity portfolio. During the quarter, the stock traded for an average price of $102.22.

On 02/15/2023, Merck & Co Inc traded for a price of $108.16 per share and a market cap of $274.23Bil. The stock has returned 42.69% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Merck & Co Inc has a price-earnings ratio of 18.94, a price-book ratio of 6.16, a price-earnings-to-growth (PEG) ratio of 2.49, a EV-to-Ebitda ratio of 14.63 and a price-sales ratio of 4.67.

The price-to-GF Value ratio is 1.01, earning the stock a GF Value rank of 5.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.

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