ALLOCATION DISCLOSURE:
Cash 46% of gross assets (31% Euro, 24% USD, 19% AUD, 6% CHF, 12% HKD, CAN 4%, 4% Japanese Yen)
Physical & paper metals 6.7% (>75% gold vs. platinum)
Bonds 20.5% (91% USD, 9% Euro, valued at lower of cost and market)
Rental Real Estate 20.4% (valued at cost)
Equity 6.4%: comprised of,
Argentina (0.06%) - IRSA and CRESY;
China/Hong Kong (2%) - 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 (0.13%) - BP and RD;
Pakistan (0.25%) - Hub Power;
South Africa (2%) - AAPTY, AU, DROOY, GFI, HGMCY, IMPAY and Sasol;
USA (1.8%) - 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 (0.14%) - 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 10 NEM Dec Put 25
Short 10 NEM Dec Put 25 LCI
Short 10 NEM Dec Put 20
Short 10 CMCSK Jan Put 12.5
Short 10 VZ Jan Put 25
Short 10 BP Jan Put 40
Short 10 AOL Jan Put 10 LCI
Short CD January Call 12.5
Short CD January Put 10
Short 10 FCX Feb Put 10
Short 10 HGMCY Feb Put 10
Short 10 MO March Put 32.5
Short 10 PTR March Put 20
Short 10 MO March Put 32.5
Short 10 PTR March Put 20
Short 10 IPG April Put 10
Short 10 IPG April Call 10
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 @ 5.4%. 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 18080729
Message 18085573
Message 18090359
Message 18092103
Message 18107478
Message 18113247
Message 18116612
Message 18118629
Message 18119600
Message 18124860
Message 18134606
Message 18141229
Message 18155703
Chugs, Jay |
