Bruce & Co., Inc.
Long book
$349.7M
Q1 2026
Positions
41
Top-10 weight
60%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsBruce & Co., Inc. is a concentrated fundamental stock-picker, running a $349.7M US long book across 41 positions.
The portfolio is concentrated: the top 10 names carry 60% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: Nextera Energy, ABBVIE INC, ALLSTATE CORP, AERCAP HOLDINGS NV, MERCK & CO. INC..
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.2%
Q2 2024
+12.2%
Q3 2024
-4.3%
Q4 2024
+4.7%
Q1 2025
-0.2%
Q2 2025
+8.8%
Q3 2025
+3.2%
Q4 2025
+8.5%
Q1 2026
+9.7%
Sector allocation
Healthcare 29%
Utilities 18%
Services media 15%
Financials 9%
Consumer staples 7%
Technology 6%
Communications 5%
Materials 5%
Long book by quarter
What does Bruce & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ABBV ABBVIE INC | Healthcare | 122.5K | $26.6M | 7.6% | Held |
| ALL ALLSTATE CORP | Financials | 125.5K | $25.6M | 7.3% | Held |
| AER AERCAP HOLDINGS NV | Services media | 183.5K | $25.2M | 7.2% | Held |
| MRK MERCK & CO. INC. | Healthcare | 192.8K | $23.2M | 6.6% | Held |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 452.0K | $20.2M | 5.8% | Held |
| DUK DUKE ENERGY CORP | Utilities | 145.8K | $19.1M | 5.5% | -6.4% |
| T AT&T INC | Communications | 523.0K | $15.2M | 4.3% | Held |
| XEL XCEL ENERGY INC | Utilities | 184.5K | $14.7M | 4.2% | -5.1% |
| CMS CMS ENERGY CORP | Utilities | 156.0K | $12.1M | 3.5% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 113.8K | $11.7M | 3.3% | Held |
| IIIN INSTEEL INDUSTRIES INC | Industrials | 343.4K | $11.6M | 3.3% | Held |
| NEM NEWMONT CORP | Materials | 100.0K | $10.8M | 3.1% | Held |
| VICR VICOR CORP | Technology | 65.0K | $10.5M | 3.0% | -27.8% |
| AAPL APPLE INC | Technology | 38.9K | $9.9M | 2.8% | Held |
| BG BUNGE GLOBAL SA | Consumer staples | 70.0K | $8.9M | 2.5% | Held |
| AVA AVISTA CORP | Utilities | 201.5K | $8.1M | 2.3% | Held |
| PFE PFIZER INC | Healthcare | 271.9K | $7.6M | 2.2% | Held |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 100.0K | $7.3M | 2.1% | Held |
| DAR DARLING INGREDIENTS INC | Consumer staples | 106.0K | $6.6M | 1.9% | Held |
| KOD KODIAK SCIENCES INC | Healthcare | 145.0K | $5.5M | 1.6% | -12.1% |
| BBNX BETA BIONICS INC | Healthcare | 550.7K | $5.5M | 1.6% | New |
| CC CHEMOURS CO/THE | Materials | 250.0K | $5.5M | 1.6% | Held |
| SUPN SUPERNUS PHARMACEUTICALS INC | Healthcare | 100.0K | $5.2M | 1.5% | +21.8% |
| LYB LYONDELLBASELL INDU-CL A | Other | 60.0K | $4.8M | 1.4% | Held |
| UHAL U-HAUL HOLDING CO | Services media | 73.9K | $3.5M | 1.0% | Held |
| RLI RLI CORP | Financials | 40.8K | $2.3M | 0.7% | Held |
| LLY ELI LILLY & CO | Healthcare | 2.0K | $1.8M | 0.5% | Held |
| APOG APOGEE ENTERPRISES INC | Industrials | 50.0K | $1.7M | 0.5% | New |
| VG VENTURE GLOBAL INC-CL A | Utilities | 100.0K | $1.6M | 0.5% | Held |
| PSNL PERSONALIS INC | Healthcare | 233.0K | $1.5M | 0.4% | Held |
| SIRI SIRIUS XM HOLDINGS INC | Communications | 55.8K | $1.3M | 0.4% | Held |
| FATE FATE THERAPEUTICS INC | Healthcare | 789.2K | $947K | 0.3% | +8.2% |
| VTRS VIATRIS INC | Healthcare | 58.3K | $787K | 0.2% | Held |
| MNKD MANNKIND CORP | Healthcare | 195.1K | $478K | 0.1% | Held |
| CRBU CARIBOU BIOSCIENCES INC | Healthcare | 250.0K | $475K | 0.1% | Held |
| WEC WEC ENERGY GROUP INC | Utilities | 3.9K | $457K | 0.1% | Held |
| MASS 908 DEVICES INC | Other | 68.3K | $418K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 41 | $349.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 39 | $322.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 39 | $322.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 41 | $308.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 42 | $311.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 41 | $311.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 41 | $343.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 40 | $304.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 39 | $301.5M | canonical | SEC ↗ |
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