# ASA Gold & Precious Metals Ltd

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1230869. Source: https://holderbook.com/funds/1230869-asa-gold-precious-metals-ltd/

- Reported value: $117.3M
- Positions: 16
- Weight of the ten largest: 84.2%
- Filed: 2019-11-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $21.4M | 400,000 | 18.3% | 4 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $17.3M | 1,000,000 | 14.8% | 4 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $9.8M | 3,000,000 | 8.3% | 4 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $9.5M | 250,000 | 8.1% | 4 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $8.7M | 1,500,000 | 7.5% | 4 |
| SSR MINING IN | [SSRM](https://holderbook.com/stocks/SSRM/) | $8.7M | 600,000 | 7.4% | 3 |
| PRETIUM RES INC | [PVG](https://holderbook.com/stocks/PVG/) | $8.3M | 725,000 | 7.1% | 4 |
| MAVERIX METALS INC | [MMX](https://holderbook.com/stocks/MMX/) | $6.1M | 1,500,000 | 5.2% | 2 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $4.6M | 50,000 | 3.9% | 4 |
| GOLDEN STAR RES LTD CDA | [GSS](https://holderbook.com/stocks/GSS/) | $4.3M | 1,850,000 | 3.7% | 3 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $3.7M | 800,000 | 3.1% | 4 |
| MAG SILVER CORP | [MAG](https://holderbook.com/stocks/MAG/) | $3.4M | 325,000 | 2.9% | 4 |
| AMERICAS GOLD AND SILVER COR | [USASXXXX](https://holderbook.com/stocks/USASXXXX/) | $3.4M | 1,345,000 | 2.9% | 1 |
| KIRKLAND LAKE GOLD LTD | [KL](https://holderbook.com/stocks/KL/) | $3.4M | 75,000 | 2.9% | 2 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $3.3M | 670,423 | 2.8% | 2 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $1.3M | 250,000 | 1.1% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2019 | +2.8% | +1.3% | +1.5% | 100% |
| Q2 2019 | +11.2% | +3.7% | +7.5% | 96% |
| Q1 2019 | +6.2% | +13.0% | -6.8% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $117.3M | 16 |
| Q2 2019 | $129.7M | 17 |
| Q1 2019 | $141.7M | 15 |
| Q4 2018 | $143.0M | 15 |