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.
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.
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.
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.
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.
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.
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 | |||