Hi Jay, for reference of context, the portfolio stands at:
August 29th, 2003
ALLOCATION DISCLOSURE:
Cash 33.9% of gross assets (1% Euro, -0.4% USD, 1.1% AUD, 10.7% HKD, 18.6% CAN, 3% Japanese Yen)
Physical/paper Precious metals 14.6%
Bonds 13.5% (12.9% USD, 0.8% Euro, valued at lower of cost and market)
Rental Real Estate 20% (valued at cost)
Equity 18%: approximately comprised of,
Argentina - Cresud (CRESY), IRSA (IRS);
Australia (4.6% of G.Asset) - Alkane Exploration (ALK.AX @0.12%), Aztec Resources (AZR.AX @0.12%), BHP Billiton (BHP.AX @ 0.3%), Lumacom (LUM.AX @ 3.58%), Metal Storm (MST.AX @ 0.1%), Millepede Intl (MPD.AX @ 0.06%), Record Investments (RCD.AX @ 0.12%), Rio Tinto (RIO.AX @ 0.27%);
Canada (3.3% of G.Asset) - Advantage Energy Income, AgnicoEagle Mines, Aventura Energy, Canadian Oil Sands, Enerplus, NCE Petrofund, Pengrowth Energy, Primewest Energy, Vermilion Energy
China/Hong Kong (0.3% of G. Asset) - SARS pending, again and once more, perhaps;
Europe (0.9% of G. Asset) - British Petroleum, Royal Dutch Shell, NEG Micon, Vestas Wind Systems
Indonesia (-0.1% of G. Asset) - Freeport McMoran (FCX)
Japan (0.9% of G. Asset) - iShares MSCI Japan (EWJ), NTT Docomo (9437), Mitsubishi Estate (8802), Mitsubishi Tokyo Finance (8306);
Russia (0.1% of G. Asset) - Luk Oil (LUKOY);
South Africa (2.2% of G. Asset) - (information via sharenet.co.za ) - AngloAmerican Platinum, Goldfield, Harmony, Impala Platinum and Sasol;
USA (5.7% of G. Asset) - AIG, AMGN, ARLP, BG, BPT, EC, HGT, IPG, MRK, MSFT, NCEM, NEM, NOOF, PFE, QCOM, SJT, WMT, XOM and a sliver of this biotech starter set - a private equity approach to public listed ventures - recommended by LLCF (DAK):
siliconinvestor.com
I have these not altogether internally consistent option positions:
Short IPG Oct Call 10 covered @ 1.35
Short QCOM Oct Call 35 covered @ 2.15
Short HMY Nov Call 12.5 covered @ 1.90-1.95
Short FCX Feb Put 25 @ 1,50
Short HMY Feb Put 12.5 @ 1.60
Short AEM Feb Put @ 0.80
Short AEM Feb covered Call @ 1.30
Short NEM Mar Put 35 @ 2.60
Short NEM Mar Call 40 @ 3.20
Long JPM 2005 Jan Put 25 @ 3.80
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.
2003 NAV YTD appreciation is now @ 11.52% (valuing the bonds and real estate at lower of cost and market).
Chugs, Jay |
