Insight into Robert Bruce (Trades, Portfolio)'s Fourth Quarter 2024 Investment Adjustments

• Warning! GuruFocus has detected 7 Warning Signs with UHAL.B.

Robert Bruce (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. 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. 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.

Summary of New Buy

Robert Bruce (Trades, Portfolio) added a total of 1 stock, among them:

• The most significant addition was Eli Lilly and Co (NYSE:LLY), with 2,000 shares, accounting for 0.5% of the portfolio and a total value of $1.544 million.

Key Position Increases

Robert Bruce (Trades, Portfolio) also increased stakes in a total of 1 stock, among them:

• The most notable increase was AerCap Holdings NV (NYSE:AER), with an additional 70,000 shares, bringing the total to 150,000 shares. This adjustment represents a significant 87.5% increase in share count, a 2.16% impact on the current portfolio, and a total value of $14,355,000.

Summary of Sold Out

Robert Bruce (Trades, Portfolio) completely exited 1 holding in the fourth quarter of 2024, as detailed below:

• Warner Bros. Discovery Inc (NASDAQ:WBD): Robert Bruce (Trades, Portfolio) sold all 11,851 shares, resulting in a -0.03% impact on the portfolio.

Key Position Reduces

Robert Bruce (Trades, Portfolio) also reduced positions in 20 stocks. The most significant changes include:

• Reduced AT&T Inc (NYSE:T) by 211,000 shares, resulting in a -21.44% decrease in shares and a -1.36% impact on the portfolio. The stock traded at an average price of $22.51 during the quarter and has returned 13.87% over the past 3 months and 11.57% year-to-date.
• Reduced U-Haul Holding Co (NYSE:UHAL.B) by 40,550 shares, resulting in a -7.99% reduction in shares and a -0.85% impact on the portfolio. The stock traded at an average price of $65.66 during the quarter and has returned -2.66% over the past 3 months and 0.69% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Robert Bruce (Trades, Portfolio)'s portfolio included 39 stocks. The top holdings included 9.65% in U-Haul Holding Co (NYSE:UHAL.B), 8.12% in Allstate Corp (NYSE:ALL), 7.88% in AbbVie Inc (NYSE:ABBV), 7.29% in NextEra Energy Inc (NYSE:NEE), and 6.83% in Merck & Co Inc (NYSE:MRK).

The holdings are mainly concentrated in 8 of all the 11 industries: Healthcare, Utilities, Industrials, Financial Services, Communication Services, Consumer Defensive, Technology, and Basic Materials.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.