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 December 31, 2015. The form discloses the investment manager's holdings of equity securities as required by the Securities and Exchange Commission.
Key Financial Metrics and Holdings
The filing details a portfolio heavily concentrated in the mining and precious metals sectors. The total value of reported holdings is approximately $98.38 million (sum of Column 5 values). The portfolio consists of 22 distinct positions, primarily common stocks and American Depositary Receipts (ADRs) of mining companies, as well as exchange-traded funds (ETFs) tracking palladium and platinum.
| Issuer | Shares Held | Value ($000s) | Voting Authority |
|---|---|---|---|
| Randgold Resources Ltd (ADR) | 297,100 | 18,399 | Sole |
| Newmont Mining Corp | 695,368 | 12,510 | Sole |
| Goldcorp Inc | 932,400 | 10,779 | Sole |
| Barrick Gold Corp | 1,375,000 | 10,148 | Sole |
| Agnico Eagle Mines Ltd | 539,300 | 14,173 | Sole |
| Other Holdings (17 positions) | Various | ~32,371 | Sole |
Note: All reported positions indicate "Sole" voting authority. No put or call options were reported.
Material Changes and Comparisons
The filing text provided does not contain data for the prior comparable period (September 30, 2015). Consequently, material changes in share counts, values, or portfolio composition cannot be determined from this document alone.
Guidance, Risks, and Commentary
Form 13F filings are statutory disclosures of holdings and do not include management commentary, forward-looking guidance, risk factors, or contingency plans. The filing contains a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the top 5 holdings (Randgold, Newmont, Goldcorp, Barrick, Agnico Eagle) which represent a significant portion of the reported value.
- Asset Class: Confirm the exposure to physical commodities via the ETFS Palladium Trust and ETFS Platinum Trust holdings.
- Valuation Timing: Note that values are based on market prices as of December 31, 2015, and may differ significantly from current market values.
- Reporting Scope: Understand that this form only reports equity securities; it does not disclose cash positions, debt, or non-equity derivatives.