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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
+8.32%
1 Year Est. Return
+9.91%
3 Year Est. Return
+62.11%
5 Year Est. Return
+60.72%
10 Year Est. Return
–
AUM
$1.37B
AUM Growth
-$2.82B
(-67%)
Cap. Flow
-$2.88B
Cap. Flow
% of AUM
-211.22%
Top 10 Holdings %
Top 10 Hldgs %
69.08%
Holding
62
New
17
Increased
7
Reduced
8
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Park Hotels & Resorts
PK
|
+$53.1M |
| 2 |
Qualcomm
QCOM
|
+$45M |
| 3 |
RAI
Reynolds American Inc
RAI
|
+$40.8M |
| 4 |
Weyerhaeuser
WY
|
+$32.5M |
| 5 |
VER
VEREIT, Inc.
VER
|
+$24.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ingevity
NGVT
|
+$44.7M |
| 2 |
BHI
Baker Hughes
BHI
|
+$32.5M |
| 3 |
VeriSign
VRSN
|
+$26.6M |
| 4 |
AIG.WS
American International Group, Inc.
AIG.WS
|
+$22.3M |
| 5 |
Madison Square Garden
MSGS
|
+$8.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.03% |
| 2 | Technology | 8.87% |
| 3 | Real Estate | 6.85% |
| 4 | Consumer Staples | 3.13% |
| 5 | Financials | 2.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| – | – |
-2,000,000
| Closed | -$103M |
|
52
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.87B
| – | – |
-5,000,000
| Closed | -$152M |
|
53
PUT
ExxonMobil
XOM
$644B
| – | – |
-500,000
| Closed | -$45.1M |
|
54
Metallus
MTUS
$838M
| – | – |
-518,500
| Closed | -$8.03M |
|
|
SC
55
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| – | – |
-600,000
| Closed | -$8.1M |
|
|
AIG.WS
56
DELISTED
American International Group, Inc.
AIG.WS
| – | – |
-950,000
| Closed | -$22.3M |
|
|
AGN
57
CALL
DELISTED
Allergan plc
AGN
| – | – |
-1,100,000
| Closed | -$231M |
|
|
FWP
58
DELISTED
Forward Pharma A/S American Depositary Shares
FWP
| – | – |
-18,329
| Closed | -$1.93M |
|
|
AET
59
CALL
DELISTED
Aetna Inc
AET
| – | – |
-820,000
| Closed | -$102M |
|
|
ALR
60
DELISTED
Alere Inc
ALR
| – | – |
-200,000
| Closed | -$7.79M |
|
|
BHI
61
DELISTED
Baker Hughes
BHI
| – | – |
-500,000
| Closed | -$32.5M |
|
|
BHI
62
PUT
DELISTED
Baker Hughes
BHI
| – | – |
-600,000
| Closed | -$39M |
|
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Gruss Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Gruss Capital Management held 62 positions worth $1.37B, down 67% from $4.19B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Gruss Capital Management withdrew a net $2.88B in Q1 2017, closing 27 positions and reducing 8 holdings. Its most notable exit was Ingevity, an estimated $44.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 4.8% a quarter earlier, followed by Technology and Real Estate.
Against the trend, Gruss Capital Management opened a new position in Park Hotels & Resorts worth $51.3M.
- Gruss Capital Management's largest Q1 2017 buy was Park Hotels & Resorts: 2,000,000 shares worth $51.3M.
- Gruss Capital Management added most to Synchrony in Q1 2017, an estimated $19.1M increase.
- Gruss Capital Management's biggest Q1 2017 reduction was VeriSign, cutting an estimated $26.6M.
- Gruss Capital Management fully exited Ingevity in Q1 2017, selling an estimated $44.7M.
- Gruss Capital Management's ten largest holdings make up 69% of its $1.37B portfolio in Q1 2017.
- Gruss Capital Management opened 17 new positions and closed 27 in Q1 2017.
- Gruss Capital Management's portfolio value fell 67% quarter-over-quarter to $1.37B.
Based on Gruss Capital Management's 13F filing for Q1 2017, filed 12 May 2017.