ALLOCATION DISCLOSURE:
Cash 31.6% of gross assets (4.1% Euro, -6.5% USD, 7% AUD, 3.3% CHF, 9.1% HKD, 12.2% CAN, 1.2% Japanese Yen, 1.0% ZAR)
Physical/paper Precious metals 11.6%
Bonds 20.5% (19.74% USD, 0.78% Euro, valued at lower of cost and market)
Rental Real Estate 22.2% (valued at cost)
Equity 14%: approximately comprised of,
Argentina 0.57% - Cresud (CRESY) and IRSA (IRS);
Australia 2.93% - Lumacom (LUM.AX), BHP Billiton (BHP.AX), Rio Tinto (RIO.AX);
Canada 0.83% - AgnicoEagle Mines (AEM), Enerplus Trust (ERF), NCE Petrofund (NCN), Pan Am Siler (PAAS), Primewest Energy (PWI)
China/Hong Kong 2.07% - China Mobile (CHL), 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 0.74% - BP and RD, and Vestas Wind Systems finance.yahoo.com
Indonesia 0.50% - Freeport McMoran FCX quote.bloomberg.com and pcquote.com
Japan 0.63% - NTT Docomo (9437), Mitsubishi Estate (8802), Mitsubishi Tokyo Finance (8306);
Pakistan 0.42% - Hub Power (HUPOF) finance.yahoo.com ;
Russia 0.07% - Luk Oil (LUKOY);
South Africa 2.18% (information via sharenet.co.za ) - AAPTY/AMS, AU, DROOY/DUR, GFI, HGMCY/HAR, IMPUY/IMP and SASOY/SOL ;
USA 3.06% - AIG, AMGN, AOL, CMCSK, EPEX, HGT (finite life), HOFF, INTC, IPG, MRK, MSFT, NEM, PFE, QCOM (0.49%), SJT (finite life), 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
I have these not altogether internally consistent option positions:
Short HGMCY May Put 12.5 @ 1.36
Short AEM May Put 12.5 @ 1.70
Short AEM May Call 12.5 @ 1.21
Short NEM June Put 30 @ 3.83
Short NEM June Put 25 @ 1.90
Short QCOM July Call 37.5 covered @ 4.62
Short QCOM July Put 35 @ 3.83
Short AOL July Call 10 covered @ 1.56
Short AOL July Put 10 @ 1.12
Short OIH July Put 50 @2.25 @ 1.95
Short FCX Aug Call 20 covered @ 1.86
Short FCX Aug Put 17.5 @ 1.56
Short FCX Aug Call 17.5 covered @ 1.86
Short FCX Aug Put 15 @ 1.21
Short AEM Aug Call 12.5 covered @1.20
Short AEM Aug Put 12.5 @ 1.95
Short HMY Aug Call 12.5 covered @ 1.65
Short HMY Aug Put 12.5 @ 2.25
Short NEM Sept Put 30 @ 3.92
Short NEM Sept Put 25 @ 2.75
Short NLY Oct 17.5 Put @ 1.85-1.95
Short IPG Oct 10 Call covered @ 1.35
Long LEN 2005 Jan Put 30 @ 3.36
Long CFC 2005 Jan Put 40 @ 5.18
Long PHM 2005 Jan Put 25 @ 2.60
I have a Japanese Yen loan amounting to less than 4% of gross asset, with about 50% of loan already converted to USD denominated assets and 50% remaining in Yen currency and Japanese shares.
2003 NAV YTD appreciation is now @0.07% (valuing the bonds and real estate at lower of cost and market).
Chugs, Jay |
