Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of ASA Gold & Precious Metals Ltd, an institutional investment manager, as of the period ended December 31, 2011. The report was signed by Rodney D. Yee, Chief Operating Officer, Chief Financial Officer & Treasurer, on February 2, 2012.
Key Financial Metrics
The filing discloses the aggregate value of reportable securities held by the manager. It does not contain the manager's own financial statements (revenue, profit, cash flow, or debt).
- Total Portfolio Value: $312,091,000 (reported in thousands)
- Total Number of Holdings: 16
- Investment Discretion: Sole
- Top Holdings by Value:
- Barrick Gold Corp: $56,563,000
- Res Inc. Randgold ADR: $50,509,000
- Goldcorp Inc. New: $47,896,000
- Newmont Mining Corp: $31,227,000
- Compania de Minas Sponsored Buenaventura ADR: $34,851,000
Material Changes Versus Prior Period
The filing text does not provide a clear value for the prior comparable period (September 30, 2011) or a comparative table. Therefore, material changes in portfolio composition or value cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory reports of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding the manager's future performance. The filing confirms that all holdings of this reporting manager are reported in this document.
Important Facts for Investor Verification
- Verify the total portfolio value of approximately $312 million against the manager's latest 10-K or 10-Q for context on asset size.
- Confirm the concentration risk, as the top 5 holdings represent a significant portion of the total reported value.
- Note that the portfolio is heavily concentrated in the gold and precious metals mining sector (e.g., Barrick, Goldcorp, Newmont, Randgold).
- Check subsequent filings to determine if the "Sole" voting authority and investment discretion remain unchanged.