# EDGAR Filing Document

**Accession Number:** 0000047071
**File Stem:** 0001752724-25-212357
**Filing Date:** 2025-8
**Character Count:** 19479
**Document Hash:** bb70f7b67479a57c742c2743239077f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212357.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212357

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**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:** 251277326

**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:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $342309876.48

**Total Liabilities:** $220471.31

**Net Assets:** $342089405.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031584 | -0.80%               | -0.15%               | 1.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1761762.44              | $-5352357.69                               |
| Month 2  | $0.00                    | $-1273304.99                               |
| Month 3  | $-1799069.89             | $5403802.51                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Duke Energy Corp                              | Duke Energy Corp.                                                   | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    170000 | NS      | $20060000.00  | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                            | U-Haul Holdings Co.                                                 | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    385000 | NS      | $20932450.00  | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                            | NextEra Energy, Inc.                                                | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    270000 | NS      | $18743400.00  | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fate Therapeutics Inc.                        | Fate Therapeutics, Inc.                                             | CUSIP: 31189P102<br>LEI: 549300L14Q4UHOODLA90 | Long             | EC               | CORP              | US        |    429188 | NS      | $480690.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribou Biosciences Inc                       | Caribou Biosciences, Inc.                                           | CUSIP: 142038108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250000 | NS      | $315000.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc                 | Supernus Pharmaceuticals, Inc.                                      | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     82105 | NS      | $2587949.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                   | Viatris, Inc.                                                       | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     55835 | NS      | $498606.55    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                       | Insteel Industries, Inc.                                            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    343423 | NS      | $12778769.83  | 3.74%             |  |  |  | No            |                  1 | 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      | $1302132.05   | 0.38%             | 2053-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                               | Xcel Energy, Inc.                                                   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    190000 | NS      | $12939000.00  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Personalis Inc                                | Personalis, Inc.                                                    | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |    253000 | NS      | $1659680.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelerate Diagnostics Inc.                   | Accelerate Diagnostics, Inc.                                        | CUSIP: 00430HAC6<br>LEI: 2549007HE5QY1QEQ8K43 | Long             | DBT              | CORP              | US        |   3292574 | PA      | $658514.80    | 0.19%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| The Chemours Company LLC                      | Chemours Co./The                                                    | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    250000 | NS      | $2862500.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                      | AT&T, Inc.                                                          | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    600000 | NS      | $17364000.00  | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                           | Abbott Laboratories                                                 | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    130000 | NS      | $17681300.00  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                        | CMS Energy Corp.                                                    | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    190000 | NS      | $13163200.00  | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Mannkind Corporation                          | Mannkind Corp.                                                      | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |    195073 | NS      | $729573.02    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Sciences Inc                           | Kodiak Sciences, Inc.                                               | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |    323000 | NS      | $1204790.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                            | Avista Corp.                                                        | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    200000 | NS      | $7590000.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                      | Allstate Corp.                                                      | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    110000 | NS      | $22144100.00  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                  | Ashland, Inc.                                                       | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     15000 | NS      | $754200.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                            | Venture Global, Inc.                                                | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    100000 | NS      | $1558000.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                           | Newmont Goldcorp Corp.                                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    100000 | NS      | $5826000.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc                      | Darling Ingredients, Inc.                                           | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    120000 | NS      | $4552800.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                              | Merck & Co., Inc.                                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    180000 | NS      | $14248800.00  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Edap Tms SA                                   | EDAP TMS SA                                                         | CUSIP: 268311107<br>LEI: 9695007G9BC43P81WC36 | Long             | EC               | CORP              | FR        |    529794 | NS      | $868862.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Companies Inc.                  | Bausch Health Cos, Inc.                                             | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |     70000 | NS      | $466200.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                   | AbbVie, Inc.                                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    100000 | NS      | $18562000.00  | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                    | Apple, Inc.                                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     30000 | NS      | $6155100.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                          | AerCap Holdings NV                                                  | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |    180000 | NS      | $21060000.00  | 6.16%             |  |  |  | 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        |  46744423 | PA      | $46744423.09  | 13.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                    | Archer-Daniels-Midland Co.                                          | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    100000 | NS      | $5278000.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                  | Lyondellbasell Industries NV                                        | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     40000 | NS      | $2314400.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                            | U-Haul Holdings Co.                                                 | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     68000 | NS      | $4118080.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| 908 Devices Inc.                              | 908 Devices, Inc.                                                   | CUSIP: 65443P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68286 | NS      | $486879.18    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                               | Eli Lilly & Co.                                                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2000 | NS      | $1559060.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                               | Bunge Global SA                                                     | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     80000 | NS      | $6422400.00   | 1.88%             |  |  |  | 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      | $12872258.40  | 3.76%             | 2036-02-15      | None          | 0.00%                 | No            |                  2 | 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      |
| Pfizer Inc.                                   | Pfizer, Inc.                                                        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    250000 | NS      | $6060000.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusXM Holdings Inc                         | Sirius XM Holdings, Inc.                                            | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55784 | NS      | $1281358.48   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lava Therapeutics Nv                          | LAVA Therapeutics NV                                                | CUSIP: N51517105<br>LEI: 724500HENIO3AVE6KA30 | Long             | EC               | CORP              | NL        |    521874 | NS      | $688873.68    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                    | Vicor Corp.                                                         | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |     90000 | NS      | $4082400.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller