ALLOCATION DISCLOSURE:
Cash 44.3% of gross assets (32.4% Euro, 24.5% USD, 19.4% AUD, 6.4% CHF, 9% HKD, 4.5% CAN, 3.7% Japanese Yen)
Physical & paper metals 8.1% (>75% gold vs. platinum)
Bonds 20.2% (91% USD, 9% Euro, valued at lower of cost and market)
Rental Real Estate 20.2% (valued at cost)
Equity 7.3%: comprised of,
Argentina - IRSA (IRS) and Cresud (CRESY);
China/Hong Kong - Bank of China Hong Kong, China Mobile, China National Offshore Oil Co, China Shipping, Hongkong & Shanghai Banking Corp, CK Life, Hutchison Whampoa, Li & Fung, LuJiaZui Development, Petro China, Phoenix TV, Shanghai Industrial, Shangri-la Hotels, Sinopec, and Tom.com;
Europe - BP and RD;
Japan – NTT Docomo (9437);
Pakistan - Hub Power;
Russia – LUKOY;
South Africa – AAPTY/AMS, AU, DROOY/DUR, GFI, HGMCY/HAR, IMPAY/IMP and SASOY/SOL;
USA - AIG, AMGN, AOL, AWK, CD, CHL, CMCSK, EPEX, HOFF, INTC, IPG, MRK, MSFT, NEM, PAAS, PFE, QCOM, SWC, UNT, USU, WMT, XOM and a sliver of this biotech starter set (0.05% of NAV) - a private equity approach to public listed ventures - recommended by LLCF (DAK):
siliconinvestor.com and
Zimbabwe - Zimbabwe Platinum;
I have these internally not altogether consistent option positions netting to 3.3% of gross assets:
Short HGMCY Nov Call 15 covered
Short NEM Dec Put 25
Short NEM Dec Put 20
Short CMCSK Jan Put 12.5
Short VZ Jan Put 25
Short BP Jan Put 40
Short AOL Jan Put 10
Short CD January Call 12.5
Short CD January Put 10
Short FCX Feb Put 10
Short HGMCY Feb Put 10
Short MO March Put 32.5
Short PTR March Put 20
Short IPG April Put 10
Short IPG April Call 10
Short NLY April Put 17.5
I have a Japanese Yen loan amounting to around 3.7% of gross asset, with 50% of loan already converted to USD denominated assets and 50% remaining in Yen currency.
NAV YTD appreciation is now @ 7.43%. This tally to date is conservative, based on always valuing the bonds and real estate at lower of cost and market.
References since last tally:
Message 18156903
Message 18168129
Message 18169336
Message 18181090
Message 18181599
Message 18190701
Message 18195196
Message 18206226
Message 18211135
Chugs, Jay |
