Business Context and Reporting Period
This Form 13F-HR filing is submitted by ASA Limited, an institutional investment manager, for the quarter ended June 30, 2010. The report discloses the manager's holdings in U.S. equity securities and certain other reportable assets. The filing was signed by Lawrence G. Nardolillo, Chief Financial Officer & Treasurer, on August 5, 2010.
Key Financial Metrics
The filing provides a snapshot of the portfolio's composition rather than the operating financials of the manager itself.
- Total Portfolio Value: $348,689,000 (reported in thousands).
- Total Number of Holdings: 16 entries.
- Asset Class Focus: The portfolio is heavily concentrated in gold and precious metals mining companies and related trusts.
- Largest Holdings by Value:
- Randgold ADR: $56,348,000
- Barrick Gold Corp: $59,033,000
- Agnico-Eagle Mines Ltd: $31,910,000
- Newmont Mining Corp: $32,128,000
- Debt/Liquidity: The filing text does not provide data on the manager's corporate debt, liquidity, or cash flow. One holding, NovaGold Note 5.5%, represents a debt instrument held within the portfolio valued at $14,841,000.
Material Changes
The filing text does not provide comparative data for the prior quarter (March 31, 2010) or year-over-year changes. Therefore, material changes in holdings or portfolio value cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or risk factors regarding the investment manager's future strategy. The portfolio composition indicates a strategic focus on the precious metals sector, specifically gold mining equities and palladium/platinum trusts.
Important Facts for Investor Verification
- Verify the total portfolio value of approximately $348.7 million against the manager's broader asset base to understand the scope of this specific report.
- Note the significant concentration in the gold mining sector, with top holdings including Barrick Gold, Randgold, and Agnico-Eagle Mines.
- Confirm the voting authority status; all listed holdings are reported with "Sole" voting authority, except for Kinross Gold which is marked as "Sold" (indicating a transaction or specific reporting status for that entry).
- Recognize that this document does not disclose the manager's own financial health, only the securities it manages for clients.