# EDGAR Filing Document

**Accession Number:** 0000047071
**File Stem:** 0000910472-26-003687
**Filing Date:** 2026-3
**Character Count:** 18701
**Document Hash:** 6163db2d7a79b7a4f35a519a36c0a881
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003687.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003687

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRUCE FUND INC
- **CENTRAL INDEX KEY:** 0000047071

**ORGANIZATION NAME:**
- **EIN:** 066104682
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01528
- **FILM NUMBER:** 26705136

**BUSINESS ADDRESS:**
- **STREET 1:** 20 N WACKER DR
- **STREET 2:** STE 2414
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3122369160

**MAIL ADDRESS:**
- **STREET 1:** 20 N WACKER DR
- **STREET 2:** STE 2414
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEROLD FUND INC
- **DATE OF NAME CHANGE:** 19831114

## Series and Classes Contracts Data

### BRUCE FUND (Series ID: S000011411)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000031584 | BRUCE FUND   | BRUFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Bruce Fund, Inc.

- **b. Investment Company Act file number:** 811-01528

- **c. CIK number of Registrant:** 0000047071

- **d. LEI of Registrant:** 549300KR3RLFC5M6KA98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 20 N. Wacker Dr.

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-236-9160

**Item A.2. Information about the Series.**

- **a. Name of Series:** BRUCE FUND

- **b. EDGAR series identifier (if any):** S000011411

- **c. LEI of Series:** 549300KR3RLFC5M6KA98

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $348019436.58

**Total Liabilities:** $211462.61

**Net Assets:** $347807973.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031584 | -0.06%               | 4.21%                | -0.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3824444.53             | $3252348.32                                |
| Month 2  | $3497580.27              | $9780471.25                                |
| Month 3  | $775187.96               | $-4683708.24                               |

### Schedule of Portfolio Investments

| Name                                          | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                      | AT&T, Inc.                                                          | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    450000 | NS      | $11178000.00  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                           | Abbott Laboratories                                                 | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    110000 | NS      | $13781900.00  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                   | AbbVie, Inc.                                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    100000 | NS      | $22849000.00  | 6.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Acorda Therapeutics Inc                       | Acorda Therapeutics, Inc.                                           | CUSIP: 00484MAC0<br>LEI: 5493007NPB5YRM8QGL53 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $100000.00    | 0.03%             | 2024-12-01      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| The Allstate Corporation                      | Allstate Corporation (The)                                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    110000 | NS      | $22896500.00  | 6.58%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                            | U-Haul Holding Company                                              | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     68000 | NS      | $3427880.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                            | U-Haul Holding Company                                              | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    385000 | NS      | $17994900.00  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                    | Apple, Inc.                                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     30000 | NS      | $8155800.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                    | Archer-Daniels-Midland Company                                      | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    100000 | NS      | $5749000.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                  | Ashland, Inc.                                                       | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     15000 | NS      | $880050.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                            | Avista Corporation                                                  | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    200000 | NS      | $7708000.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Companies Inc.                  | Bausch Health Companies, Inc.                                       | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |     50000 | NS      | $347500.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                        | CMS Energy Corporation                                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    150000 | NS      | $10489500.00  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribou Biosciences Inc                       | Caribou Biosciences, Inc.                                           | CUSIP: 142038108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250000 | NS      | $397500.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chemours Company LLC                      | Chemours Company (The)                                              | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    250000 | NS      | $2947500.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc                      | Darling Ingredients, Inc.                                           | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     95000 | NS      | $3420000.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                              | Duke Energy Corporation                                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    150000 | NS      | $17581500.00  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Edap Tms SA                                   | EDAP TMS S.A.                                                       | CUSIP: 268311107<br>LEI: 9695007G9BC43P81WC36 | Long             | EC               | CORP              | FR        |    414794 | NS      | $1364672.26   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fate Therapeutics Inc.                        | Fate Therapeutics, Inc.                                             | CUSIP: 31189P102<br>LEI: 549300L14Q4UHOODLA90 | Long             | EC               | CORP              | US        |    729188 | NS      | $716500.13    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                       | Insteel Industries, Inc.                                            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    343423 | NS      | $10876206.41  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Sciences Inc                           | Kodiak Sciences, Inc.                                               | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |    165000 | NS      | $4613400.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                               | Eli Lilly & Company                                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2000 | NS      | $2149360.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mannkind Corporation                          | MannKind Corporation                                                | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |    195073 | NS      | $1106063.91   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                              | Merck & Company, Inc.                                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    180000 | NS      | $18946800.00  | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds  | Morgan Stanley Institutional Liquidity Fund  - Government Portfolio | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |  37958044 | PA      | $37958044.21  | 10.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                           | Newmont Corporation                                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    100000 | NS      | $9985000.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                            | NextEra Energy, Inc.                                                | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    270000 | NS      | $21675600.00  | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| 908 Devices Inc.                              | 908 Devices, Inc.                                                   | CUSIP: 65443P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68286 | NS      | $358501.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Personalis Inc                                | Personalis, Inc.                                                    | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |    233000 | NS      | $1854680.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                   | Pfizer, Inc.                                                        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    250000 | NS      | $6225000.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusXM Holdings Inc                         | Sirius XM Holdings, Inc.                                            | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55784 | NS      | $1115401.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc                 | Supernus Pharmaceuticals, Inc.                                      | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     82105 | NS      | $4080618.50   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Treasury Bond Stripped Principal Payment | U.S. Treasury Strips                                                | CUSIP: 912803CX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $13292271.20  | 3.82%             | 2036-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bond Stripped Principal Payment | U,S, Treasury Strips                                                | CUSIP: 912803GS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $1299605.35   | 0.37%             | 2053-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Venture Global Inc                            | Venture Global, Inc.                                                | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    100000 | NS      | $682000.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                   | Viatris, Inc.                                                       | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     55835 | NS      | $695145.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                    | Vicor Corporation                                                   | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |     90000 | NS      | $9864000.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                               | Xcel Energy, Inc.                                                   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    190000 | NS      | $14033400.00  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                               | Bunge Global S.A.                                                   | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | US        |     70000 | NS      | $6235600.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                          | AerCap Holdings N.V.                                                | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |    180000 | NS      | $25876800.00  | 7.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                  | LyondellBasell Industries N.V.                                      | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |     60000 | NS      | $2598000.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Bruce Fund, Inc.

**Signature:** Jeffrey Bruce

**Name of Signer:** Jeffrey Bruce

**Title:** President & Treasurer