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GCM

Gruss Capital Management Portfolio holdings

AUM $715M
1-Year Est. Return 9.91%
This Fund
S&P 500
This Quarter Est. Return
-0.6%
1 Year Est. Return
+9.91%
3 Year Est. Return
+62.11%
5 Year Est. Return
+60.72%
10 Year Est. Return
–
AUM
$1.26B
AUM Growth
-$106M
Cap. Flow
-$103M
Cap. Flow %
-8.21%
Top 10 Hldgs %
75.43%
Holding
46
New
11
Increased
7
Reduced
9
Closed
16

Top Buys

Rank Stock Value
1
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$39.5M
2
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$38.7M
3
AXTA icon
Axalta
AXTA
+$31M
4
UHAL icon
U-Haul Holding Co
UHAL
+$21.8M
5
OMF icon
OneMain Financial
OMF
+$16.7M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$44.4M
2
RAI
Reynolds American Inc
RAI
+$44.3M
3
PK icon
Park Hotels & Resorts
PK
+$28.4M
4
YPF icon
YPF
YPF
+$22.1M
5
ILG
ILG, Inc Common Stock
ILG
+$12.5M

Sector Composition

Rank Sector Weight
1 Communication Services 16.27%
2 Real Estate 8.78%
3 Technology 6.16%
4 Financials 4.48%
5 Materials 3.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AUD
26
DELISTED
Audacy, Inc.
AUD
$1.92M 0.15%
+185,000
New +$2.08M
DEL
27
DELISTED
Deltic Timber
DEL
$1.49M 0.12%
20,000
– –
C.WS.A
28
DELISTED
Citigroup Inc
C.WS.A
$1.35M 0.11%
9,000,000
-1,000,000
-10% -$125K
CTT
29
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
$796K 0.06%
70,000
-25,000
-26% -$290K
CVO
30
DELISTED
Cenevo, Inc.
CVO
$746K 0.06%
122,499
– –
AXP icon
31
CALL
American Express
AXP
$227B
– –
-885,000
Closed -$70M
LILA icon
32
Liberty Latin America Class A
LILA
$1.64B
– –
-853,847
Closed -$12.2M
LILAK icon
33
Liberty Latin America Class C
LILAK
$1.63B
– –
-549,067
Closed -$10.8M
QCOM icon
34
CALL
Qualcomm
QCOM
$155B
– –
-303,000
Closed -$17.4M
QCOM icon
35
Qualcomm
QCOM
$155B
– –
-775,000
Closed -$44.4M
QCOM icon
36
PUT
Qualcomm
QCOM
$155B
– –
-775,000
Closed -$44.4M
TGNA
37
DELISTED
TEGNA Inc
TGNA
– –
-390,625
Closed -$6.41M
THC icon
38
Tenet Healthcare
THC
$20.5B
– –
-75,000
Closed -$1.33M
WFC icon
39
CALL
Wells Fargo
WFC
$261B
– –
-1,200,000
Closed -$66.8M
WY icon
40
CALL
Weyerhaeuser
WY
$18B
– –
-530,000
Closed -$18M
XLE icon
41
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
– –
-700,000
Closed -$24.5M
XOP icon
42
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
– –
-62,500
Closed -$9.36M
YPF icon
43
YPF
YPF
$206B
– –
-909,445
Closed -$22.1M
YPF icon
44
PUT
YPF
YPF
$206B
– –
-1,023,000
Closed -$24.8M
RAI
45
DELISTED
Reynolds American Inc
RAI
– –
-679,000
Closed -$44.3M
PLYAW
46
DELISTED
Playa Hotels & Resorts N.V. Warrants
PLYAW
– –
-1,675,000
Closed -$1.28M
1
2

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Gruss Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Gruss Capital Management held 46 positions worth $1.26B, down 7.7% from $1.37B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Gruss Capital Management withdrew a net $103M in Q2 2017, closing 16 positions and reducing 9 holdings. Its most notable exit was Qualcomm, an estimated $44.4M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 16% of assets, down from 18% a quarter earlier, followed by Real Estate and Technology.

Against the trend, Gruss Capital Management opened a new position in SPIRIT REALTY CAPITAL, INC. worth $35M.

  • Gruss Capital Management's largest Q2 2017 buy was SPIRIT REALTY CAPITAL, INC.: 1,053,675 shares worth $35M.
  • Gruss Capital Management added most to Synchrony in Q2 2017, an estimated $6.08M increase.
  • Gruss Capital Management's biggest Q2 2017 reduction was Park Hotels & Resorts, cutting an estimated $28.4M.
  • Gruss Capital Management fully exited Qualcomm in Q2 2017, selling an estimated $44.4M.
  • Gruss Capital Management's ten largest holdings make up 75% of its $1.26B portfolio in Q2 2017.
  • Gruss Capital Management opened 11 new positions and closed 16 in Q2 2017.
  • Gruss Capital Management's portfolio value fell 7.7% quarter-over-quarter to $1.26B.

Based on Gruss Capital Management's 13F filing for Q2 2017, filed 11 Aug 2017.