13F-HR 1 grco1q10.txt GRUSS & COMPANY UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gruss & Co. Inc. Address: 667 Madison Avenue New York, NY 10065 13F File Number: 28-05569 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Howard Guberman Title: Vice President Phone: 212-688-1500 Signature, Place, and Date of Signing: /s/ Howard Guberman New York, NY May 10, 2010 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 73 Form 13F Information Table Value Total: $590,956 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2087 55000 SH SOLE 55000 0 0 AOL INC COM 00184X105 1517 60000 SH SOLE 60000 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 723 25000 SH SOLE 25000 0 0 ASTRAZENECA PLC SPONSORED ADR 046353108 1364 30500 SH SOLE 30500 0 0 AT&T INC COM 00206R102 1550 60000 SH SOLE 60000 0 0 BANCORP RHODE ISLAND INC COM 059690107 834 30500 SH SOLE 30500 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 2314 19 SH SOLE 19 0 0 BP PLC SPONSORED ADR 055622104 5736 100500 SH SOLE 100500 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 4406 165000 SH SOLE 165000 0 0 CARROLS RESTAURANT GROUP INC COM 14574X104 5756 846400 SH SOLE 846400 0 0 CITIGROUP INC COM 172967101 1139 281300 SH SOLE 281300 0 0 CLAYMORE ETF TRUST 2 BEACON GLB TIMBR 18383Q879 428 23000 SH SOLE 23000 0 0 COMPTON PETE CORP COM 204940100 424 451200 SH SOLE 451200 0 0 CORN PRODS INTL INC COM 219023108 2080 60000 SH SOLE 60000 0 0 DEAN FOODS CO NEW COM 242370104 1800 114750 SH SOLE 114750 0 0 DORCHESTER MINERALS LP COM UNIT 25820R105 371 17500 SH SOLE 17500 0 0 DOUGLAS EMMETT INC COM 25960P109 8008 521000 SH SOLE 521000 0 0 ECOPETROL S A SPONSORED ADS 279158109 1091 38500 SH SOLE 38500 0 0 ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 358 20000 SH SOLE 20000 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 2388 190000 SH SOLE 190000 0 0 FORESTAR GROUP INC COM 346233109 717 38000 SH SOLE 38000 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 21104 547860 SH SOLE 547860 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 226511 1327500 SH PUT SOLE 1327500 0 0 HAIN CELESTIAL GROUP INC COM 405217100 868 50000 SH SOLE 50000 0 0 HALLIBURTON CO COM 406216101 7580 251587 SH SOLE 251587 0 0 HONEYWELL INTL INC COM 438516106 21330 471176 SH SOLE 471176 0 0 ISHARES INC MSCI AUSTRALIA 464286103 3467 144650 SH SOLE 144650 0 0 ISHARES INC MSCI BRAZIL 464286400 6224 84500 SH SOLE 84500 0 0 ISHARES INC MSCI HONG KONG 464286871 3524 216350 SH SOLE 216350 0 0 ISHARES INC MSCI PAC J IDX 464286665 1935 45000 SH SOLE 45000 0 0 ISHARES INC MSCI S KOREA 464286772 4050 81000 SH SOLE 81000 0 0 ISHARES INC MSCI SINGAPORE 464286673 3441 299250 SH SOLE 299250 0 0 ISHARES INC MSCI TAIWAN 464286731 3508 279500 SH SOLE 279500 0 0 ISHARES TR INDEX BARCLYS 20+ YR 464287432 18437 206000 SH PUT SOLE 206000 0 0 ISHARES TR INDEX FTSE XNHUA IDX 464287184 2852 67750 SH SOLE 67750 0 0 ISHARES TR INDEX RUSSELL 2000 464287655 2712 40000 SH PUT SOLE 40000 0 0 JETBLUE AIRWAYS CORP COM 477143101 279 50000 SH SOLE 50000 0 0 JOHNSON & JOHNSON COM 478160104 854 13100 SH SOLE 13100 0 0 JPMORGAN CHASE & CO COM 46625H100 5352 119600 SH SOLE 119600 0 0 KNIGHTSBRIDGE TANKERS LTD ORD G5299G106 711 42000 SH SOLE 42000 0 0 LILLY ELI & CO COM 532457108 3499 96600 SH SOLE 96600 0 0 MARTEK BIOSCIENCES CORP COM 572901106 1067 47400 SH SOLE 47400 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 260 5000 SH SOLE 5000 0 0 MORGAN STANLEY INDIA INVS FD COM 61745C105 3674 157526 SH SOLE 157526 0 0 MOTOROLA INC COM 620076109 6882 980400 SH SOLE 980400 0 0 NUTRI SYS INC NEW COM 67069D108 801 45000 SH SOLE 45000 0 0 OWENS CORNING NEW COM 690742101 135 80188 SH SOLE 80188 0 0 PARK OHIO HLDGS CORP COM 700666100 352 40000 SH SOLE 40000 0 0 PETROCHINA CO LTD SPONSORED ADR 71646E100 3224 27500 SH SOLE 27500 0 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 623 14000 SH SOLE 14000 0 0 PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 1081 19000 SH SOLE 19000 0 0 POWERSHARES ETF TRUST II MENA FRNTR ETF 73936Q603 879 64000 SH SOLE 64000 0 0 POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 2327 96000 SH SOLE 96000 0 0 POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 4360 180000 SH CALL SOLE 180000 0 0 PROCTER & GAMBLE CO COM 742718109 506 8000 SH SOLE 8000 0 0 PROLOGIS SH BEN INT 743410102 185 14000 SH SOLE 14000 0 0 QUEST DIAGNOSTICS INC COM 74834L100 1894 32500 SH SOLE 32500 0 0 REGIS CORP MINN COM 758932107 747 40000 SH SOLE 40000 0 0 REPSOL YPF S A SPONSORED ADR 76026T205 2865 120500 SH SOLE 120500 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 4658 80500 SH SOLE 80500 0 0 SCHLUMBERGER LTD COM 806857108 2538 40000 SH SOLE 40000 0 0 SIRIUS XM RADIO INC COM 82967N108 2350 2700000 SH SOLE 2700000 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 31078 285250 SH SOLE 285250 0 0 SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 87517 748000 SH PUT SOLE 748000 0 0 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 959 41000 SH SOLE 41000 0 0 TEMPLETON EMERGING MKTS FD I COM 880191101 256 12950 SH SOLE 12950 0 0 TOTAL S A SPONSORED ADR 89151E109 3916 67500 SH SOLE 67500 0 0 TREEHOUSE FOODS INC COM 89469A104 1342 30600 SH SOLE 30600 0 0 UNILEVER N V N Y SHS NEW 904784709 452 15000 SH SOLE 15000 0 0 UNITED STATES OIL FUND LP UNITS 91232N108 407 10100 SH SOLE 10100 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 4608 197855 SH SOLE 197855 0 0 W P CAREY & CO LLC COM 92930Y107 1792 61000 SH SOLE 61000 0 0 WISDOMTREE TRUST CHINESE YUAN ETF 97717W182 33892 1347600 SH CALL SOLE 1347600 0 0