Asa Gold & Precious Metals Ltd 13F annual report
Asa Gold & Precious Metals Ltd is an investment fund managing more than $117 million ran by Karen Shaw. There are currently 16 companies in Mrs. Shaw’s portfolio. The largest investments include Agnico Eagle Mines and Barrick Gold, together worth $38.8 million.
$117 million Assets Under Management (AUM)
As of 7th October 2020, Asa Gold & Precious Metals Ltd’s top holding is 400,000 shares of Agnico Eagle Mines currently worth over $21.4 million and making up 18.3% of the portfolio value.
Relative to the number of outstanding shares of Agnico Eagle Mines, Asa Gold & Precious Metals Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 1,000,000 shares of Barrick Gold worth $17.3 million, whose value grew 14.4% in the past six months.
The third-largest holding is B2Gold worth $9.79 million and the next is Newmont Goldcorp Corp worth $9.48 million, with 250,000 shares owned.
Currently, Asa Gold & Precious Metals Ltd's portfolio is worth at least $117 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Asa Gold & Precious Metals Ltd
The Asa Gold & Precious Metals Ltd office and employees reside in Portland, Maine. According to the last 13-F report filed with the SEC, Karen Shaw serves as the Principal Financial Officer at Asa Gold & Precious Metals Ltd.
Recent trades
In the most recent 13F filing, Asa Gold & Precious Metals Ltd revealed that it had opened a new position in
Americas Gold & Silver and bought 1,345,000 shares worth $3.37 million.
This means they effectively own approximately 0.1% of the company.
Americas Gold & Silver makes up
3.6%
of the fund's Materials sector allocation and has decreased its share price by 1.1% in the past year.
The investment fund also strengthened its position in Maverix Metals by buying
500,000 additional shares.
This makes their stake in Maverix Metals total 2,000,000 shares worth $6.07 million.
Maverix Metals soared 36.8% in the past year.
On the other hand, there are companies that Asa Gold & Precious Metals Ltd is getting rid of from its portfolio.
Asa Gold & Precious Metals Ltd closed its position in Compania De Minas Buenaventura Saa on 14th November 2019.
It sold the previously owned 400,000 shares for $6.67 million.
Karen Shaw also disclosed a decreased stake in Barrick Gold by 0.2%.
This leaves the value of the investment at $17.3 million and 1,000,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Asa Gold & Precious Metals Ltd are Mrj Capital Inc and Xr Securities. They manage $117 million and $117 million respectively.
Karen Shaw investment strategy
Asa Gold & Precious Metals Ltd’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Materials — making up 80.8% of
the total portfolio value.
The fund focuses on investments in the Canada as
68.8% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
38% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $11.7 billion.
The complete list of Asa Gold & Precious Metals Ltd trades based on 13F SEC filings
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Agnico Eagle Mines Ltd. |
No change
400,000
|
$21,444,000 | 18.28% |
| Barrick Gold Corp. |
16.67%
1,000,000
|
$17,349,000 | 14.79% |
| B2Gold Corp. |
No change
3,000,000
|
$9,787,000 | 8.34% |
| Newmont Goldcorp Corp |
37.50%
250,000
|
$9,480,000 | 8.08% |
| Alamos Gold, Inc. |
No change
1,500,000
|
$8,743,000 | 7.45% |
| Ssr Mng Inc |
No change
600,000
|
$8,725,000 | 7.44% |
| Pretium Resources, Inc. |
No change
725,000
|
$8,345,000 | 7.11% |
| Compania De Minas Buenaventura Saa |
Closed
400,000
|
$6,668,000 | |
| Maverix Metals, Inc. |
33.33%
2,000,000
|
$6,074,000 | 5.18% |
| Franco-Nevada Corp. |
16.67%
50,000
|
$4,558,000 | 3.89% |
| Golden Star Res Ltd |
88.87%
1,850,000
|
$4,326,000 | 3.69% |
| Kinross Gold Corp. |
No change
800,000
|
$3,694,000 | 3.15% |
| MAG Silver Corp. |
No change
325,000
|
$3,448,000 | 2.94% |
| Americas Gold & Silver Corp. |
Opened
1,345,000
|
$3,370,000 | 2.87% |
| Kirkland Lake Gold Ltd. |
No change
75,000
|
$3,369,000 | 2.87% |
| Gold Fields Ltd. |
No change
670,423
|
$3,298,000 | 2.81% |
| IAMGOLD Corp. |
Closed
675,000
|
$2,282,000 | |
| Royal Gold, Inc. |
733.33%
250,000
|
$1,308,000 | 1.11% |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||
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