Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of ASA Gold & Precious Metals Ltd, an institutional investment manager, as of the quarter ended March 31, 2011. The report was signed by Rodney D. Yee, Chief Operating Officer, Chief Financial Officer & Treasurer, on May 10, 2011.
Key Financial Metrics
The filing discloses the following aggregate portfolio metrics:
- Total Portfolio Value: $369,150,000 (reported in thousands)
- Total Number of Holdings: 15
- Investment Discretion: Sole
- Primary Sector Focus: Gold and precious metals mining companies and related trusts.
Note: As a Form 13F, this document reports holdings of securities and does not contain the company's own revenue, profit, cash flow, or debt metrics.
Material Changes and Portfolio Composition
The filing lists 15 specific positions. The largest holdings by value include:
- Barrick Gold Corp: $67,483,000 (1,300,000 shares)
- Goldcorp Inc.: $53,904,000 (1,082,400 shares)
- Randgold ADR: $48,492,000 (594,700 shares)
- Agnico-Eagle Mines Ltd: $34,834,000 (525,000 shares)
- NovaGold Res Inc. (Common): $30,000,000 (2,307,691 shares)
The filing text does not provide comparative data for the prior period; therefore, material changes in holdings versus the previous quarter cannot be determined from this document alone.
Guidance, Outlook, and Risks
This filing is a statutory disclosure of holdings and does not contain management commentary, financial guidance, outlook, or specific risk factors regarding the manager's operations. The portfolio composition indicates a concentrated strategy focused on the precious metals sector.
Key Facts for Investor Verification
- Verify the total portfolio value of approximately $369 million against the manager's latest 10-Q or 10-K for context on asset size.
- Confirm the concentration risk, as the top 5 holdings represent a significant majority of the reported portfolio value.
- Note the inclusion of both equity positions (Common Stock/ADR) and a debt instrument (NovaGold Note 5.5%).
- Check subsequent filings to determine if the 15 reported positions were maintained, increased, or liquidated in the following quarter.