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 March 31, 2014. The form discloses the investment manager's holdings of equity securities as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio concentrated in the mining and precious metals sectors. The total value of reported holdings is approximately $136.6 million (sum of Column 4 values). The portfolio consists of 18 distinct positions, primarily common stocks and American Depositary Receipts (ADRs) of major mining companies and precious metals trusts.
| Issuer | Shares/Units | Value ($000s) | Voting Authority |
|---|---|---|---|
| Barrick Gold Corp | 1,400,000 | 24,962 | Sole |
| Randgold Res Ltd (ADR) | 397,200 | 29,790 | Sole |
| Golcorp Inc. | 967,400 | 23,682 | Sole |
| Agnico Eagle Mines Ltd | 429,300 | 12,986 | Sole |
| Royal Gold Inc. | 210,000 | 13,150 | Sole |
| Tahoe Resources Inc. | 833,200 | 17,623 | Sole |
| Freeport-McMoRan Copper & Gold | 550,000 | 18,189 | Sole |
| Other Holdings (11 positions) | Various | ~$6,218 | Sole |
Note: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for ASA Gold & Precious Metals Ltd itself, as Form 13F only reports external equity holdings.
Material Changes and Guidance
Material Changes: This document is a snapshot of holdings as of March 31, 2014. It does not contain comparative data against prior periods, nor does it disclose changes in position size relative to previous filings.
Guidance and Outlook: The filing text does not provide management commentary, future guidance, risk factors, or contingencies. It is a statutory disclosure of current asset ownership.
Investor Verification Checklist
- Portfolio Concentration: Verify the exposure to the gold and copper mining sectors, which dominates the reported holdings.
- Top Holdings: Confirm the valuation of the top three positions (Randgold, Barrick, and Golcorp) which represent a significant portion of the reported value.
- Voting Control: Note that the manager exercises "Sole" voting authority for all reported positions.
- Asset Class: Confirm that the portfolio includes physical commodity exposure via ETFs (Palladium and Platinum Trusts) alongside equity mining stocks.