CIK 1227068
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 63.12% | 16 |
| Metals & Mining | 29.47% | 8 |
| Capital Markets | 7.41% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | RANDGOLD RES LTD | Unclassified | 17.07% | |
| 2 | GOLDCORP INC NEW | Unclassified | 12.86% | |
| 3 | AEM | AGNICO EAGLE MINES LTD | Materials | 7.97% |
| 4 | Streettracks Gold TRUST | Unclassified | 7.97% | |
| 5 | RGLD | ROYAL GOLD INC | Financials | 7.41% |
| 6 | SILVER WHEATON CORP | Unclassified | 6.89% | |
| 7 | AU | ANGLOGOLD ASHANTI PLC | Materials | 5.46% |
| 8 | NEM | NEWMONT Corp /DE/ | Materials | 4.07% |
| 9 | TAHOE RES INC | Unclassified | 3.66% | |
| 10 | FNV | FRANCO NEVADA CORP | Materials | 3.57% |
9/25 names classified · sector 36.9% of weight · industry 36.9% · mkt cap 13.6%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 36.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 11% of book weight classified — the grid is NOT representative of the whole book.
Classified: 11.5% of book weight (2/11 names) · unclassified 88.5%: , AEM, AU, FNV, GFI, BTG, AGI, KGC, PHYS. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | RANDGOLD RES LTD | 125,900 | $7M | 17.1% | HOLD |
| 2 | GOLDCORP INC NEW | 447,800 | $6M | 12.9% | HOLD |
| 3 | AEMAGNICO EAGLE MINES LTD | 137,250 | $3M | 8.0% | HOLD |
| 4 | Streettracks Gold TRUST | 32,500 | $3M | 8.0% | TRIM −10% |
| 5 | RGLDROYAL GOLD INC | 67,350 | $3M | 7.4% | HOLD |
| 6 | SILVER WHEATON CORP | 230,700 | $3M | 6.9% | HOLD |
| 7 | AUANGLOGOLD ASHANTI LIMITED | 259,000 | $2M | 5.5% | HOLD |
| 8 | NEMNEWMONT CORP | 110,500 | $2M | 4.1% | HOLD |
| 9 | TAHOE RES INC | 206,528 | $2M | 3.7% | ADD 46% |
| 10 | FNVFRANCO NEV CORP | 35,300 | $2M | 3.6% | HOLD |
| 11 | SIBANYE STILLWATER | 289,150 | $1M | 3.1% | HOLD |
| 12 | ELDORADO GOLD CORP | 394,433 | $1M | 2.9% | HOLD |
| 13 | GFIGOLD FIELDS LTD | 463,500 | $1M | 2.8% | HOLD |
| 14 | BTGB2GOLD CORP | 599,180 | $913,000 | 2.1% | HOLD |
| 15 | MAG SILVER CORP | 125,000 | $890,000 | 2.0% | TRIM −17% |
| 16 | AGIALAMOS GOLD INC | 220,544 | $814,000 | 1.9% | ADD 84% |
| 17 | SILVER STD RES INC | 113,500 | $740,000 | 1.7% | HOLD |
| 18 | KGCKINROSS GOLD CORP | 407,900 | $702,000 | 1.6% | HOLD |
| 19 | YAMANA GOLD INC | 350,000 | $595,000 | 1.4% | ADD 40% |
| 20 | FORTUNA SILVER MINES | 200,000 | $439,000 | 1.0% | HOLD |
| 21 | SPROTT PHYSICAL GOLD SILVER | 35,900 | $380,000 | 0.9% | HOLD |
| 22 | Aberdeen Std Physical Swiss Gold | 2,700 | $294,000 | 0.7% | HOLD |
| 23 | ASANKO GOLD INC | 138,500 | $204,000 | 0.5% | HOLD |
| 24 | PHYSSprott Physical Gold Trust | 18,200 | $167,000 | 0.4% | TRIM −61% |
| 25 | NEVSUN RES LTD | 25,000 | $73,000 | 0.2% | NEW |
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