ALLOCATION DISCLOSURE:
Cash 41.1% of gross assets (14.5% Euro, 9.6% USD, 7.7% AUD, 3.4% CHF, 2.9% HKD, 2.0% CAN, 1.1% Japanese Yen)
Precious metals 10.7%
Bonds 19.6% (19% USD, 0.7% Euro, valued at lower of cost and market)
Rental Real Estate 20% (valued at cost)
Equity 8.7%: comprised of,
Argentina 0.1% - Cresud (CRESY) and IRSA (IRS);
Australia 0.8% - Lumacom (LUM.AX)
Canada 0.25% - AgnicoEagle Mines (AEM), Enerplus Trust (ERF)
China/Hong Kong 1.8% - China Mobile (CHL), 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 0.24% - BP and RD, Vestas Wind Systems finance.yahoo.com
Japan 0.66% - NTT Docomo (9437), Mitsubishi Estate (8802), Mitsubishi Tokyo Finance (8306);
Pakistan 0.28% - Hub Power (HUPOF) finance.yahoo.com ;
Russia 0.07% - Luk Oil (LUKOY);
South Africa 2.07% (information via sharenet.co.za ) - AAPTY/AMS, AU, DROOY/DUR, GFI, HGMCY/HAR, IMPUY/IMP and SASOY/SOL ;
USA 2.22% - AIG, AMGN, AOL, AWK, CD, CMCSK, EPEX, HOFF, INTC, IPG, MRK, MSFT, NEM, 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 0.31% - 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:
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 Put 12.5
Short FCX May Put 12.5
Short NEM June Put 20
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 or Japanese shares.
NAV YTD appreciation is now @ 8.55%. 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 18361633
Message 18368748
Expectation for 2003:
Message 18266240
Message 18278958
Message 18344188
Chugs, Jay |
