ALLOCATION DISCLOSURE:
Cash 44.3% of gross assets (13.8% Euro, 11.5% USD, 8.4% AUD, 2.7% CHF, 4.8% HKD, 1.9% CAN, 1.1% Japanese Yen)
Physical & paper metals 7.9% (>75% gold vs. platinum)
Bonds 19.9% (19.3% USD, 0.6% Euro, valued at lower of cost and market)
Rental Real Estate 20.4% (valued at cost)
Equity 7.4%: comprised of,
Argentina 0.1% - Cresud (CRESY) and IRSA (IRS);
Canada 0.2% – AgnicoEagle Mines (AEM), Enerplus Trust (ERF)
China/Hong Kong 2.1% - China Mobile, China National Offshore Oil Co, China Shipping, Hongkong & Shanghai Banking Corp, CK Life, Hopewell Holdings, Hutchison Whampoa, Li & Fung, LuJiaZui Development, Petro China, Phoenix TV, Shanghai Industrial, Shangri-la Hotels, Sinopec, and Tom.com;
Europe 0.2% - BP and RD, Vestas Wind Systems finance.yahoo.com
Japan 0.74% – NTT Docomo (9437), Mitsubishi Estate (8802), Mitsubishi Tokyo Finance (8306);
Pakistan 0.25% - Hub Power (HUPOF) finance.yahoo.com ;
Russia 0.08% – Luk Oil (LUKOY);
South Africa 1.78% (information via sharenet.co.za ) – AAPTY/AMS, AU, DROOY/DUR, GFI, HGMCY/HAR, IMPAY/IMP and SASOY/SOL ;
USA 1.81% - AIG, AMGN, AOL, AWK, CD, CHL, CMCSK, EPEX, HOFF, INTC, IPG, MRK, MSFT, NEM (0.33%), PAAS, PFE, QCOM, SJT, SWC, 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 0.14% - Zimbabwe Platinum (ZIM trade in Australia, information via home.boom.com.hk or uk.finance.yahoo.com );
I have these not altogether internally consistent option positions netting to 3.38% (if all exercised against me) of gross assets:
Short NEM Dec Put 25
Short NEM Dec Put 20
Short BP Jan Put 40
Short AOL Jan Call 10
Short CD January Call 12.5
Short FCX Feb Put 10
Short HGMCY Feb Put 10
Short MO March Put 32.5
Short PTR March Put 20
Short NEM March Put 22.5
Short IPG April Put 10
Short IPG April Call 10
Short NLY April Put 17.5
Short AEM May Put 12.5
Short AEM May Call 12.5
Short HGMCY May 12.5
Short FCX May Put 12.5
Short NEM June Put 20
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 or Japanese shares.
NAV YTD appreciation is now @ 6.98%. 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 18219046
Message 18232884
Message 18245951
Message 18247181
Message 18253310
Message 18258261
Message 18270343
Message 18270922
Message 18274650
Message 18278619
Message 18278974
Message 18278994
Message 18282486
Message 18282552
Message 18284443
Expectation:
Message 18278958
Chugs, Jay |
