SEC Form 13F Summary: ASA Gold & Precious Metals Ltd
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by ASA Gold & Precious Metals Ltd for the reporting period ending June 30, 2016. The form discloses the investment manager's holdings of U.S. equity securities as of the end of the quarter.
Key Financial Metrics and Holdings
The filing details a portfolio concentrated in the precious metals and mining sector. The total value of reported holdings is approximately $172.7 million (sum of Column 4 values). The portfolio consists of 20 distinct positions, primarily common stocks and American Depositary Receipts (ADRs) of mining companies, along with two exchange-traded funds (ETFs) tracking palladium and platinum.
| Issuer | Shares/Units | Value ($000s) | Voting Authority |
|---|---|---|---|
| Agnico Eagle Mines Ltd | 519,300 | 27,783 | Sole |
| Barrick Gold Corp | 1,330,000 | 28,396 | Sole |
| Newmont Mining Corp | 695,368 | 27,203 | Sole |
| Randgold Resources Ltd (ADR) | 282,100 | 31,606 | Sole |
| Goldcorp Inc | 932,400 | 17,837 | Sole |
| Other Holdings (15 issuers) | Various | 40,000 (approx) | Sole |
Note: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for ASA Gold & Precious Metals Ltd, as Form 13F is a disclosure of holdings, not a financial performance report.
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior quarter (March 31, 2016) to determine material changes in position size or total portfolio value. The portfolio demonstrates a heavy concentration in major gold producers, with the top four holdings (Randgold, Barrick, Newmont, Agnico Eagle) representing approximately 60% of the total reported value.
Guidance, Risks, and Management Commentary
Form 13F filings do not contain management commentary, forward-looking guidance, risk factors, or contingencies. The filing strictly lists securities held with sole voting authority. No unusual items or derivatives (puts/calls) were reported in the "Other" columns.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the impact of gold price volatility on the top four holdings, which dominate the portfolio value.
- Reporting Lag: Confirm that the June 30, 2016 data reflects the actual holdings at quarter-end, noting that Form 13F is filed 45 days after the quarter ends.
- Asset Class: Note the inclusion of physical commodity ETFs (Palladium and Platinum) alongside equity mining stocks, indicating a diversified approach within the precious metals sector.
- Voting Control: All reported positions are held with "Sole" voting discretion, indicating full control by the investment manager.