SEC Filing Summary: ASA Gold & Precious Metals Ltd (13F-HR)
Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by ASA Limited, an institutional investment manager, for the period ended September 30, 2007. The report was signed on November 1, 2007, by Robert J.A. Irwin, Chairman, President & Treasurer. The filing covers the complete portfolio of the reporting manager with no other included managers.
Key Financial Metrics
The filing discloses the following aggregate portfolio metrics:
- Total Portfolio Value: $307,475,000
- Total Number of Holdings: 9
- Primary Sector: Gold and precious metals mining and related trusts.
- Largest Holding by Value: Randgold Resources Limited ($48,198,000).
- Largest Holding by Shares: Harmony Gold Mining Company Limited (2,166,400 shares).
Material Changes and Portfolio Composition
As a 13F filing, this document reports current holdings rather than period-over-period financial performance (revenue, profit, or cash flow) of the issuer. The portfolio is heavily concentrated in the gold sector, including major producers such as Barrick Gold, Goldcorp Inc., Newmont Mining Corporation, and Agnico-Eagle Mines Limited. Additionally, the portfolio includes exposure to gold-backed exchange-traded products (streetTRACKS Gold Shares) and international miners via ADRs (Compania de Minas Buenaventura, Harmony Gold, Randgold).
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, risk factors, or contingencies. Form 13F is a regulatory disclosure of equity holdings and does not contain operational outlooks or strategic plans.
Key Facts for Investor Verification
- Concentration Risk: Verify the correlation risk inherent in a portfolio composed entirely of gold-related equities and trusts.
- Valuation Timing: Confirm that the reported values reflect market prices as of September 30, 2007, and may differ from current market values.
- Voting Authority: Note that ASA Limited holds sole voting authority for all 9 positions listed.
- Issuer Performance: This filing does not report the financial health of the underlying companies (e.g., Barrick, Newmont); separate 10-K or 10-Q filings for those issuers are required for that data.