Gruss & Co 13F annual report
Gruss & Co is an investment fund managing more than $14.3 billion ran by Martin Gruss. There are currently 18 companies in Mr. Gruss’s portfolio. The largest investments include Meta Platforms Inc and Spdr Gold Tr, together worth $3.24 billion.
$14.3 billion Assets Under Management (AUM)
As of 2nd May 2024, Gruss & Co’s top holding is 3,500 shares of Meta Platforms Inc currently worth over $1.7 billion and making up 11.9% of the portfolio value.
Relative to the number of outstanding shares of Meta Platforms Inc, Gruss & Co owns more than approximately 0.1% of the company.
In addition, the fund holds 7,500 shares of Spdr Gold Tr worth $1.54 billion.
The third-largest holding is Microsoft worth $1.47 billion and the next is Ishares Inc worth $1.36 billion, with 19,000 shares owned.
Currently, Gruss & Co's portfolio is worth at least $14.3 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Gruss & Co
The Gruss & Co office and employees reside in West Palm Beach, Florida. According to the last 13-F report filed with the SEC, Martin Gruss serves as the President at Gruss & Co.
Recent trades
In the most recent 13F filing, Gruss & Co revealed that it had opened a new position in
Ishares Inc and bought 19,000 shares worth $1.36 billion.
The investment fund also strengthened its position in Meta Platforms Inc by buying
2,500 additional shares.
This makes their stake in Meta Platforms Inc total 3,500 shares worth $1.7 billion.
Meta Platforms Inc soared 102.5% in the past year.
On the other hand, there are companies that Gruss & Co is getting rid of from its portfolio.
Gruss & Co closed its position in Blackstone Mtg Tr Inc on 9th May 2024.
It sold the previously owned 71,860 shares for $1.56 billion.
Martin Gruss also disclosed a decreased stake in Spdr Gold Tr by approximately 0.1%.
This leaves the value of the investment at $1.54 billion and 7,500 shares.
One of the smallest hedge funds
The two most similar investment funds to Gruss & Co are Magellan Asset Management Ltd and Alkeon Capital Management. They manage $14.3 billion and $14.4 billion respectively.
Martin Gruss investment strategy
Gruss & Co’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 30.6% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
39% of the total holdings value.
On the other hand, small-cap stocks make up only 5.6% of the portfolio.
The average market cap of the portfolio companies is close to $638 billion.
The complete list of Gruss & Co trades based on 13F SEC filings
These positions were updated on May 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Meta Platforms Inc |
250.00%
3,500
|
$1,699,530,000 | 11.85% |
| Blackstone Mtg Tr Inc |
Closed
71,860
|
$1,562,954,000 | |
| Spdr Gold Tr |
6.25%
7,500
|
$1,542,900,000 | 10.76% |
| Microsoft Corporation |
40.00%
3,500
|
$1,472,520,000 | 10.27% |
| Ishares Inc |
Opened
19,000
|
$1,355,650,000 | 9.45% |
| NVIDIA Corp |
10.00%
1,100
|
$993,916,000 | 6.93% |
| Black Stone Minerals L.P. |
No change
60,611
|
$968,564,000 | 6.76% |
| Apple Inc |
62.50%
5,200
|
$891,696,000 | 6.22% |
| Select Sector Spdr Tr |
Opened
6,000
|
$946,920,000 | 6.60% |
| Amazon.com Inc. |
90.48%
4,000
|
$721,520,000 | 5.03% |
| Pfizer Inc. |
Opened
22,000
|
$610,500,000 | 4.26% |
| Proshares Tr |
No change
17,500
|
$576,800,000 | 4.02% |
| Spdr Ser Tr |
Opened
6,000
|
$569,340,000 | 3.97% |
| Uber Technologies Inc |
Closed
11,000
|
$505,890,000 | |
| VanEck ETF Trust |
Opened
12,000
|
$766,180,000 | 5.34% |
| Chesapeake Energy Corp. |
Closed
5,000
|
$431,150,000 | |
| Ishares Tr |
400.00%
5,000
|
$426,350,000 | 2.97% |
| Select Sector Spdr Tr |
80.00%
3,500
|
$330,435,000 | 2.30% |
| Ishares Tr |
Closed
3,000
|
$317,910,000 | |
| Alphabet Inc |
Opened
1,500
|
$226,395,000 | 1.58% |
| Health Catalyst Inc |
Opened
25,000
|
$188,250,000 | 1.31% |
| Seabridge Gold, Inc. |
Closed
10,000
|
$105,500,000 | |
| D-wave Quantum Inc |
75.00%
25,000
|
$51,000,000 | 0.36% |
| No transactions found | |||
| Showing first 500 out of 23 holdings | |||
Hedge funds similar to Gruss & Co
- Ppm America Inc/il
- P&s Credit Management, L.P.
- Bp PLC
- Ribbit Capital Gp Iv
- Winton Capital Management Ltd
- Savior
- Alkeon Capital Management
- Magellan Asset Management Ltd
- Advisor
- Acacia Research Corp
- Lightspeed Ultimate General Partner Ix
- Tpg (sbs) Advisors
- Smh Capital Advisors Inc
- Acon Equity Management, L.L.C