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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
-1.13%
1 Year Est. Return
+9.91%
3 Year Est. Return
+62.11%
5 Year Est. Return
+60.72%
10 Year Est. Return
–
AUM
$1.63B
AUM Growth
+$311M
Cap. Flow
+$231M
Cap. Flow %
14.12%
Top 10 Hldgs %
58.99%
Holding
82
New
16
Increased
17
Reduced
17
Closed
10

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$87.5M
2
SLM icon
SLM Corp
SLM
+$39.6M
3
EXXI
ENERGY XXI LTD COM SHS
EXXI
+$34.1M
4
AWI icon
Armstrong World Industries
AWI
+$34.1M
5
SPG icon
Simon Property Group
SPG
+$32.5M

Top Sells

Rank Stock Value
1
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$22.9M
2
BP icon
BP
BP
+$21M
3
CF icon
CF Industries
CF
+$20.1M
4
PBR icon
Petrobras
PBR
+$19.5M
5
NRF
NorthStar Realty Finance Corp.
NRF
+$16.8M

Sector Composition

Rank Sector Weight
1 Communication Services 16.06%
2 Financials 6.88%
3 Real Estate 5.41%
4 Materials 3.29%
5 Consumer Discretionary 2.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WNEB icon
51
Western New England Bancorp
WNEB
$259M
$2.09M 0.13%
280,600
– –
FBNK
52
DELISTED
First Connecticut Bancorp, Inc
FBNK
$2M 0.12%
127,436
-147,564
-54% -$2.32M
NMA
53
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
$1.94M 0.12%
149,476
+51,476
+53% +$660K
IQI icon
54
Invesco Quality Municipal Securities
IQI
$522M
$1.82M 0.11%
154,163
– –
NMO
55
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$1.66M 0.1%
130,311
+49,802
+62% +$628K
OBAF
56
DELISTED
OBA FINL SVCS INC COM STK (MD)
OBAF
$1.48M 0.09%
81,023
-8,977
-10% -$165K
FFCO
57
DELISTED
FED FIRST FINANCIAL CORP COM
FFCO
$1.21M 0.07%
60,000
– –
CSBK
58
DELISTED
Clifton Bancorp Inc.
CSBK
$1.17M 0.07%
+97,900
New +$1.28M
NQU
59
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$1.05M 0.06%
78,877
+43,087
+120% +$562K
VMO icon
60
Invesco Municipal Opportunity Trust
VMO
$651M
$975K 0.06%
79,953
– –
VKQ icon
61
Invesco Municipal Trust
VKQ
$541M
$974K 0.06%
80,534
– –
COBK
62
DELISTED
COLONIAL FINL SVCS INC COM STK (MD)
COBK
$885K 0.05%
80,000
– –
NQS
63
DELISTED
NUVEEN SELECT QUALITY MUNI FD
NQS
$811K 0.05%
61,252
– –
NPM
64
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$729K 0.04%
54,421
– –
IIM icon
65
Invesco Value Municipal Income Trust
IIM
$589M
$705K 0.04%
48,962
– –
NAD icon
66
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$638K 0.04%
47,614
– –
NPI
67
DELISTED
NUVEEN PREMIUN INC MUN FUND
NPI
$562K 0.03%
42,900
– –
NQM
68
DELISTED
NUVEEN INVESTMENT QLTY MUNI FD
NQM
$463K 0.03%
32,811
– –
MFL
69
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$270K 0.02%
20,178
– –
NEA icon
70
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$194K 0.01%
15,003
– –
BP icon
71
BP
BP
$116B
– –
-531,808
Closed -$21M
MSFT icon
72
PUT
Microsoft
MSFT
$3.45T
– –
-3,000,000
Closed -$112M
NBHC icon
73
National Bank Holdings
NBHC
$1.92B
– –
-75,000
Closed -$1.6M
PBR icon
74
Petrobras
PBR
$125B
– –
-1,415,000
Closed -$19.5M
TRN icon
75
Trinity Industries
TRN
$2.49B
– –
-538,932
Closed -$10.6M
1 2
3
4

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Gruss Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Gruss Capital Management held 82 positions worth $1.63B, up 24% from $1.32B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Gruss Capital Management deployed $231M of net new capital in Q1 2014, opening 16 new positions and adding to 17 existing holdings. Its largest new stake was Verizon: 1,850,000 shares worth $88M.

By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 9.6% a quarter earlier, followed by Financials and Real Estate.

On the sell side, the largest reduction was CF Industries, an estimated $20.1M trimmed.

  • Gruss Capital Management's largest Q1 2014 buy was Verizon: 1,850,000 shares worth $88M.
  • Gruss Capital Management added most to American Capital Ltd in Q1 2014, an estimated $20.9M increase.
  • Gruss Capital Management's biggest Q1 2014 reduction was CF Industries, cutting an estimated $20.1M.
  • Gruss Capital Management fully exited SPIRIT REALTY CAPITAL, INC. in Q1 2014, selling an estimated $22.9M.
  • Gruss Capital Management's ten largest holdings make up 59% of its $1.63B portfolio in Q1 2014.
  • Gruss Capital Management opened 16 new positions and closed 10 in Q1 2014.
  • Gruss Capital Management's portfolio value rose 24% quarter-over-quarter to $1.63B.

Based on Gruss Capital Management's 13F filing for Q1 2014, filed 13 May 2014.