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 September 30, 2014. 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 concentrated in gold, precious metals, and mining equities. The total value of reported holdings is approximately $170.5 million (sum of Column 4 values). The portfolio consists of 19 distinct positions, primarily common stocks and American Depositary Receipts (ADRs).
| Issuer | Class | Shares/Principal | Value ($000s) | Voting Authority |
|---|---|---|---|---|
| Barrick Gold Corp | COM | 1,400,000 | 20,524 | Sole |
| B2Gold Corp | COM | 1,594,338 | 3,246 | Sole |
| Golcorp Inc | COM | 967,400 | 22,279 | Sole |
| Compania de Minas Buenaventura | Sponsored ADR | 799,000 | 9,252 | Sole |
| Randgold Resources Ltd | ADR | 382,200 | 25,833 | Sole |
| Tahoe Resources Inc | COM | 708,200 | 14,413 | Sole |
| Freeport-McMoRan Inc | CL B | 365,000 | 11,917 | Sole |
| Other Holdings (12 positions) | Mixed | Various | 63,000 | Sole |
Note: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for ASA Gold & Precious Metals Ltd, as Form 13F reports only investment holdings.
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior quarter (June 30, 2014) to determine material changes in holdings. However, the current portfolio demonstrates a heavy weighting toward major gold producers (e.g., Barrick Gold, Goldcorp, Newmont Mining) and royalty/streaming companies (e.g., Franco-Nevada, Royal Gold). All reported voting authority is held solely by the investment manager.
Guidance, Risks, and Unusual Items
Form 13F filings do not contain management guidance, outlook, or commentary on risks. The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No unusual items or contingencies are disclosed in this specific document.
Investor Verification Checklist
- Portfolio Concentration: Verify the exposure to the gold mining sector, which dominates the reported holdings.
- Valuation Accuracy: Confirm the reported market values against historical stock prices for the period ending September 30, 2014.
- Missing Financials: Note that this document does not reflect the operating financial health (revenue, debt, cash flow) of ASA Gold & Precious Metals Ltd itself.
- Comparative Analysis: Retrieve the prior quarter's Form 13F to analyze turnover and changes in specific positions.