Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of ASA Limited, an institutional investment manager, as of the period ended December 31, 2010. The report was signed by Rodney D. Yee on February 7, 2011. The filing covers 16 distinct investment entries with sole voting authority.
Key Financial Metrics
The filing provides aggregate portfolio data rather than the operating financials of the issuer (ASA Gold & Precious Metals Ltd). Key metrics include:
- Total Portfolio Value: $399,462,000
- Number of Holdings: 16
- Top Holdings by Value:
- Barrick Gold Corp: $69,134,000
- Goldcorp Inc.: $49,769,000
- Randgold ADR: $48,962,000
- Compania de Minas Buenaventura ADR: $46,953,000
- Agnico-Eagle Mines Ltd: $40,268,000
- Asset Class Focus: Primarily gold and precious metals mining equities, with one debt instrument (NovaGold Note 5.5%) and two precious metals ETFs (Palladium and Platinum Trusts).
Material Changes
The filing text does not provide a clear value for material changes versus the prior comparable period, as Form 13F reports do not include comparative historical data within the document itself.
Guidance, Outlook, and Risks
This filing type does not contain management commentary, guidance, outlook, or risk factors regarding the performance of the underlying companies. It is a regulatory disclosure of holdings only. The portfolio demonstrates a concentrated strategy in the precious metals sector.
Important Facts for Investor Verification
- Verify the distinction between the reporting manager (ASA Limited) and the company name provided in the metadata (ASA Gold & Precious Metals Ltd); the filing reflects the investment portfolio of the manager, not the financial statements of the gold company.
- Confirm the total exposure to the gold mining sector, which constitutes the vast majority of the $399.5 million portfolio.
- Note the inclusion of a debt instrument (NovaGold Note) alongside equity positions, indicating a mixed-asset approach within the sector.
- Check for subsequent filings to determine if these positions were maintained, increased, or liquidated in the following quarter.