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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
-0.43%
1 Year Est. Return
+9.91%
3 Year Est. Return
+62.11%
5 Year Est. Return
+60.72%
10 Year Est. Return
–
AUM
$3.61B
AUM Growth
+$506M
(+16%)
Cap. Flow
+$408M
Cap. Flow
% of AUM
11.31%
Top 10 Holdings %
Top 10 Hldgs %
62.99%
Holding
47
New
17
Increased
4
Reduced
12
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$148M |
| 2 |
VeriSign
VRSN
|
+$101M |
| 3 |
Dollar General
DG
|
+$42.4M |
| 4 |
AGU
Agrium
AGU
|
+$37.2M |
| 5 |
AIG.WS
American International Group, Inc.
AIG.WS
|
+$20.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$27.9M |
| 2 |
Synchrony
SYF
|
+$27.3M |
| 3 |
Hyatt Hotels
H
|
+$12.2M |
| 4 |
Ingevity
NGVT
|
+$10.6M |
| 5 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.18% |
| 2 | Communication Services | 5.07% |
| 3 | Healthcare | 3.82% |
| 4 | Technology | 2.73% |
| 5 | Materials | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
SPDR Gold Trust
GLD
$131B
| $584M | 16.2% |
4,650,000
-1,210,000
| -21% | -$154M |
|
2
CALL
Microsoft
MSFT
$3.45T
| $338M | 9.38% |
5,870,000
| – | – |
|
3
CALL
Pfizer
PFE
$143B
| $238M | 6.59% |
7,393,810
-1,317,500
| -15% | -$44.1M |
|
4
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $232M | 6.42% |
12,000,000
-1,669,752
| -12% | -$34.4M |
|
5
CALL
Qualcomm
QCOM
$155B
| $229M | 6.34% |
3,336,000
-4,574,000
| -58% | -$278M |
|
|
6
Wells Fargo
WFC
$261B
| $137M | 3.81% |
+3,100,000
| New | +$148M |
|
|
7
PUT
Wells Fargo
WFC
$261B
| $137M | 3.81% |
+3,100,000
| New | +$148M |
|
|
8
CALL
Wells Fargo
WFC
$261B
| $131M | 3.64% |
+2,960,000
| New | +$142M |
|
|
PARAA
9
DELISTED
Paramount Global Class A
PARAA
| $127M | 3.51% |
2,288,147
+61,815
| +3% | +$3.4M |
|
10
PUT
Invesco QQQ Trust
QQQ
$453B
| $119M | 3.29% |
+1,000,000
| New | +$115M |
|
|
11
VeriSign
VRSN
$26.2B
| $98.4M | 2.73% |
+1,257,700
| New | +$101M |
|
|
12
PUT
VeriSign
VRSN
$26.2B
| $98.4M | 2.73% |
+1,257,700
| New | +$101M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $95.6M | 2.65% |
415,000
| – | – |
|
|
AET
14
CALL
DELISTED
Aetna Inc
AET
| $86.6M | 2.4% |
750,000
| – | – |
|
15
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| $77.3M | 2.14% |
2,190,000
+1,000,000
| +84% | +$34.3M |
|
16
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $74.5M | 2.07% |
+1,400,000
| New | +$76.2M |
|
17
CALL
American Express
AXP
$227B
| $72.7M | 2.02% |
1,135,000
| – | – |
|
|
18
PUT
Qualcomm
QCOM
$155B
| $68.5M | 1.9% |
+1,000,000
| New | +$60.8M |
|
19
CALL
Charter Communications
CHTR
$17.3B
| $61M | 1.69% |
250,000
-50,000
| -17% | -$12.6M |
|
20
Madison Square Garden
MSGS
$9.48B
| $56.2M | 1.56% |
465,464
+153,293
| +49% | +$19.5M |
|
|
AGN
21
CALL
DELISTED
Allergan plc
AGN
| $53M | 1.47% |
+230,000
| New | +$56.2M |
|
|
22
Ingevity
NGVT
$2.51B
| $43.8M | 1.21% |
950,000
-250,000
| -21% | -$10.6M |
|
|
23
Humana
HUM
$43.7B
| $42.3M | 1.17% |
239,000
-161,000
| -40% | -$27.9M |
|
|
24
Synchrony
SYF
$24.7B
| $42.1M | 1.17% |
1,505,000
-995,000
| -40% | -$27.3M |
|
|
AGU
25
DELISTED
Agrium
AGU
| $36.7M | 1.02% |
+404,555
| New | +$37.2M |
|
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Gruss Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Gruss Capital Management held 47 positions worth $3.61B, up 16% from $3.1B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Gruss Capital Management deployed $408M of net new capital in Q3 2016, opening 17 new positions and adding to 4 existing holdings. Its largest new stake was Wells Fargo: 3,100,000 shares worth $137M.
By sector, the portfolio is most concentrated in Financials at 5.2% of assets, up from 2.5% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was Humana, an estimated $27.9M trimmed.
- Gruss Capital Management's largest Q3 2016 buy was Wells Fargo: 3,100,000 shares worth $137M.
- Gruss Capital Management added most to Madison Square Garden in Q3 2016, an estimated $19.5M increase.
- Gruss Capital Management's biggest Q3 2016 reduction was Humana, cutting an estimated $27.9M.
- Gruss Capital Management fully exited Tenet Healthcare in Q3 2016, selling an estimated $8.29M.
- Gruss Capital Management's ten largest holdings make up 63% of its $3.61B portfolio in Q3 2016.
- Gruss Capital Management opened 17 new positions and closed 5 in Q3 2016.
- Gruss Capital Management's portfolio value rose 16% quarter-over-quarter to $3.61B.
Based on Gruss Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.