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Analyzing the Latest 13F Filing for Strategic Insights

Robert Bruce (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Robert Bruce (Trades, Portfolio) is the founder of Bruce & Co, the investment firm that serves as the advisor to the Bruce Fund (BRUFX). The Bruce Fund is run by Robert Bruce (Trades, Portfolio) and his son, Robert Jeffrey Bruce. The Fund focuses primarily on common stock investments, though it also invests in high-yield and distressed debt. It may invest in some long-term U.S. government securities if the managers cannot find attractive opportunities elsewhere. The Fund invests mostly in small- and mid-cap stocks, with the occasional large-cap, as well as convertible and distressed bonds. The Bruces tend to hold their stocks for the long-term, generally preferring the securities of distressed companies that are trading at a significant discount but which they believe can make a turnaround.

• Warning! GuruFocus has detected 4 Warning Signs with UHAL.B.

Summary of New Buy

Robert Bruce (Trades, Portfolio) added a total of 2 stocks, among them:

• The most significant addition was The Chemours Co (NYSE:CC), with 200,000 shares, accounting for 0.87% of the portfolio and a total value of $2.706 million.

• The second largest addition to the portfolio was Venture Global Inc (NYSE:VG), consisting of 100,000 shares, representing approximately 0.33% of the portfolio, with a total value of $1.03 million.

Key Position Increases

Robert Bruce (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:

• The most notable increase was AerCap Holdings NV (NYSE:AER), with an additional 33,500 shares, bringing the total to 183,500 shares. This adjustment represents a significant 22.33% increase in share count, a 1.1% impact on the current portfolio, with a total value of $18,748,200.

• The second largest increase was Fate Therapeutics Inc (NASDAQ:FATE), with an additional 200,000 shares, bringing the total to 550,000. This adjustment represents a significant 57.14% increase in share count, with a total value of $434,500.

Key Position Reduces

Robert Bruce (Trades, Portfolio) also reduced positions in 9 stocks. The most significant changes include:

• Reduced CMS Energy Corp (NYSE:CMS) by 60,000 shares, resulting in a -20.98% decrease in shares and a -1.29% impact on the portfolio. The stock traded at an average price of $69.84 during the quarter and has returned 0.87% over the past 3 months and 4.96% year-to-date.

• Reduced AT&T Inc (NYSE:T) by 100,000 shares, resulting in a -12.94% reduction in shares and a -0.73% impact on the portfolio. The stock traded at an average price of $25.15 during the quarter and has returned 3.38% over the past 3 months and 18.95% year-to-date.