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 June 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 the precious metals and mining sectors. The total value of reported holdings is approximately $182.7 million (sum of Column 4 values). The portfolio consists of 18 distinct positions, primarily common stocks and American Depositary Receipts (ADRs) of mining companies, as well as two exchange-traded funds (ETFs) tracking palladium and platinum.
| Issuer | Security Type | Shares/Units | Value ($000s) | Voting Authority |
|---|---|---|---|---|
| Barrick Gold Corp | Common Stock | 1,400,000 | 25,620 | Sole |
| Randgold Res Ltd | ADR | 382,200 | 32,334 | Sole |
| Goldcorp Inc. | Common Stock | 967,400 | 27,000 | Sole |
| Agnico Eagle Mines Ltd | Common Stock | 429,300 | 16,442 | Sole |
| Tahoe Resources Inc. | Common Stock | 808,200 | 21,161 | Sole |
| Freeport-McMoRan | Common Stock | 550,000 | 20,075 | Sole |
| Other Holdings (12 positions) | Mixed | Various | 30,068 | Sole |
Liquidity and Debt: The filing text does not provide data on the company's own liquidity, debt levels, or cash flow, as Form 13F reports only external equity holdings.
Material Changes and Outlook
Material Changes: This document is a snapshot of holdings as of June 30, 2014. It does not contain comparative data against the prior quarter (March 31, 2014) to determine material changes in position size or strategy.
Guidance and Risks: The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding the investment strategy. All reported positions are held with Sole voting authority, indicating the manager has full discretion over these assets.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the exposure to the gold and precious metals sector, which dominates the reported holdings.
- Top Holdings: Confirm the valuation of the top three positions (Randgold, Barrick, Goldcorp) which represent a significant portion of the reported value.
- Derivatives: Note that no put or call options are reported in this filing; all positions are long equity or ADRs.
- Reporting Limitations: Acknowledge that this form does not disclose short positions, non-equity assets, or the firm's own financial health.