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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
SRC
76
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
– –
-519,679
Closed -$22.9M
I
77
DELISTED
INTELSAT S. A.
I
– –
-304,527
Closed -$6.86M
BNCL
78
DELISTED
Beneficial Bancorp, Inc.
BNCL
– –
-284,248
Closed -$2.82M
NRF
79
DELISTED
NorthStar Realty Finance Corp.
NRF
– –
-636,563
Closed -$16.8M
TRQ.RT
80
DELISTED
TURQUOISE HILL RES LTD RTS EXP 01/07/2014 (DE)
TRQ.RT
– –
-2,000,000
Closed -$1.92M
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.