SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
This filing is a Form 13F Holdings Report submitted by ASA (Bermuda) Limited, an institutional investment manager based in Buffalo, New York. The report covers the calendar year ended December 31, 2004, and was signed on February 1, 2005, by Robert J.A. Irwin, Chairman, President & Treasurer.
Note: The filing metadata lists "ASA Gold & Precious Metals Ltd" as the company name, but the report text identifies the filer as "ASA (Bermuda) Limited." This filing details the investment portfolio of the manager, not the financial performance of a single operating company.
Key Financial Metrics
The report discloses the aggregate value of reportable securities held by the manager. It does not contain revenue, profit, cash flow, or debt metrics for the manager itself.
- Total Portfolio Value: $101,576,000 (reported as $101,576 in thousands).
- Number of Holdings: 5 distinct securities.
- Investment Discretion: Sole discretion for all reported positions.
- Voting Authority: Sole voting authority for all reported positions.
Material Changes and Portfolio Composition
As a quarterly holdings report, this filing does not provide comparative data against prior periods or detail material changes in position size. The portfolio is concentrated in the precious metals and mining sector:
| Issuer | Security Type | Shares Held | Market Value ($000s) |
|---|---|---|---|
| Barrick Gold Corporation | Common Stock | 730,000 | 17,681 |
| Compania de Minas Buenaventura | Sponsored ADR | 900,000 | 20,610 |
| Harmony Gold Mining Limited | Sponsored ADR | 2,166,400 | 20,083 |
| Newmont Mining Corporation | Common Stock | 520,368 | 23,110 |
| Placer Dome, Inc. | Common Stock | 1,065,312 | 20,092 |
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, risk factors, or contingencies. Form 13F is a statutory disclosure of holdings and does not include narrative analysis or forward-looking statements.
Investor Verification Checklist
- Verify the identity of the filer: The report is filed by ASA (Bermuda) Limited, not "ASA Gold & Precious Metals Ltd" (which may be a different entity or a misidentified metadata tag).
- Confirm the total portfolio value of approximately $101.6 million as of December 31, 2004.
- Note the heavy concentration in the gold and mining sector, with the top three holdings (Newmont, Buenaventura, Harmony) comprising over 60% of the reported value.
- Recognize that this document does not reflect the financial health, revenue, or debt of the investment manager itself.