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        <name>U-Haul Holding Co.</name>
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        <name>The Chemours Company LLC</name>
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        <name>Edap Tms SA</name>
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        <name>Fate Therapeutics Inc.</name>
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      <invstOrSec>
        <name>IGM Biosciences Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Insteel Industries Inc.</name>
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        <name>Kodiak Sciences Inc</name>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
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      <invstOrSec>
        <name>Mannkind Corporation</name>
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        <name>Merck &amp; Co., Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Morgan Stanley Institutional Liquidity Funds</name>
        <lei>5493000A332Y142SOW84</lei>
        <title>Morgan Stanley Institutional Liquidity Fund  - Government Portfolio</title>
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        <assetCat>STIV</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Newmont Corporation</name>
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        <title>Newmont Goldcorp Corp. </title>
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        <name>NextEra Energy Inc</name>
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      <invstOrSec>
        <name>908 Devices Inc.</name>
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        <title>908 Devices, Inc. </title>
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        <name>Organon &amp; Co</name>
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        <title>Organon &amp; Co. </title>
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        <name>Personalis Inc</name>
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        <title>Personalis, Inc. </title>
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        <name>Pfizer Inc.</name>
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        <title>Pfizer, Inc. </title>
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        <name>SiriusXM Holdings Inc</name>
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        <name>Supernus Pharmaceuticals, Inc</name>
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        <name>U.S. Treasury Bond Stripped Principal Payment</name>
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        <title>U.S. Treasury Strips </title>
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        <name>U.S. Treasury Bond Stripped Principal Payment</name>
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        <name>Venture Global Inc</name>
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        <name>Viatris Inc</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc. </title>
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        <name>Vicor Corp</name>
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        <title>Vicor Corp. </title>
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        <name>Xcel Energy Inc</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc. </title>
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        <name>Bunge Global SA</name>
        <lei>254900IVXSV9K0B7PO26</lei>
        <title>Bunge Global SA </title>
        <cusip>H11356104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AerCap Holdings N.V.</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AerCap Holdings NV </title>
        <cusip>N00985106</cusip>
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        <valUSD>18390600.00000000</valUSD>
        <pctVal>5.164876275731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lava Therapeutics Nv</name>
        <lei>724500HENIO3AVE6KA30</lei>
        <title>LAVA Therapeutics NV </title>
        <cusip>N51517105</cusip>
        <identifiers>
          <isin value="NL0015000AG6"/>
        </identifiers>
        <balance>521874.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>662779.98000000</valUSD>
        <pctVal>0.186137298115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Bruce Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Gregory Knoth</ncom:signature>
      <ncom:signerName>Gregory Knoth</ncom:signerName>
      <ncom:title>SVP, Mutual Fund Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
