SEC Form 13F Information Table Summary
Business Context and Reporting Period
Company: ASA Gold & Precious Metals Ltd
Filing Type: Form 13F Information Table
Reporting Period: December 31, 2014
Context: This filing discloses the equity securities held by the investment manager as of the end of the fourth quarter of 2014. The portfolio is heavily concentrated in the precious metals and mining sector, including gold producers, royalty companies, and precious metal ETFs.
Key Financial Metrics and Portfolio Composition
The filing provides a snapshot of holdings rather than the company's own financial performance. Key portfolio metrics include:
- Total Holdings Disclosed: 19 distinct issuers.
- Primary Sector: Gold and Precious Metals Mining (e.g., Barrick Gold, Newmont Mining, Agnico Eagle).
- Largest Position by Value: Barrick Gold Corp (Value: $15,050,000; Shares: 1,400,000).
- Largest Position by Share Count: B2Gold Corp (Shares: 1,594,338; Value: $2,607,000).
- Other Notable Holdings: Goldcorp Inc ($17,916,000), Randgold Resources Ltd ($24,915,000), and Franco-Nevada Corp ($11,077,000).
- Voting Authority: The manager reported "Sole" voting authority for all listed positions.
Material Changes and Comparisons
The filing text does not provide data for the prior comparable period (September 30, 2014). Consequently, material changes in position size, new acquisitions, or divestitures cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance and Outlook: Form 13F filings are historical disclosures and do not contain management commentary, future guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific operational risks or contingencies regarding the underlying portfolio companies are detailed in this table.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the total exposure to the gold mining sector, as the entire disclosed portfolio consists of mining equities and precious metal trusts.
- Valuation Basis: Confirm that the "Value" column represents the fair market value as of December 31, 2014, and compare this against current market prices to assess unrealized gains or losses.
- Position Sizing: Note that Randgold Resources Ltd represents the highest dollar value position ($24.9M), followed by Barrick Gold Corp ($15.1M) and Goldcorp Inc ($17.9M).
- Missing Data: The filing does not disclose the total assets under management (AUM) for ASA Gold & Precious Metals Ltd, only the specific holdings listed.