CIK 1230869
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2019-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 |
|---|---|---|
| Metals & Mining | 52.00% | 7 |
| Unclassified | 39.45% | 7 |
| Capital Markets | 8.55% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AEM | AGNICO EAGLE MINES LTD | Materials | 18.28% |
| 2 | BARRICK GOLD CORP | Unclassified | 14.79% | |
| 3 | BTG | B2GOLD CORP | Materials | 8.34% |
| 4 | NEM | NEWMONT Corp /DE/ | Materials | 8.08% |
| 5 | AGI | ALAMOS GOLD INC CLASS A | Materials | 7.45% |
| 6 | SSRM | SSR MINING INC. | Financials | 7.44% |
| 7 | PRETIUM RESOURCES INC | Unclassified | 7.11% | |
| 8 | MAVERIX METALS INC | Unclassified | 5.18% | |
| 9 | FNV | FRANCO NEVADA CORP | Materials | 3.89% |
| 10 | GOLDEN STAR RES LTD CDA | Unclassified | 3.69% |
9/16 names classified · sector 60.6% of weight · industry 60.6% · mkt cap 25.0%; 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: 60.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 17% of book weight classified — the grid is NOT representative of the whole book.
Classified: 16.6% of book weight (3/10 names) · unclassified 83.4%: , AEM, BTG, AGI, FNV, KGC, GFI. 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 | AEMAGNICO EAGLE MINES LTD | 400,000 | $21M | 18.3% | HOLD |
| 2 | BARRICK GOLD CORP | 1,000,000 | $17M | 14.8% | TRIM −17% |
| 3 | BTGB2GOLD CORP | 3,000,000 | $10M | 8.3% | HOLD |
| 4 | NEMNEWMONT CORP | 250,000 | $9M | 8.1% | TRIM −38% |
| 5 | AGIALAMOS GOLD INC NEW | 1,500,000 | $9M | 7.5% | HOLD |
| 6 | SSRMSSR MINING IN | 600,000 | $9M | 7.4% | HOLD |
| 7 | PRETIUM RESOURCES INC | 725,000 | $8M | 7.1% | HOLD |
| 8 | MAVERIX METALS INC | 2,000,000 | $6M | 5.2% | ADD 33% |
| 9 | FNVFRANCO NEV CORP | 50,000 | $5M | 3.9% | TRIM −17% |
| 10 | GOLDEN STAR RES LTD CDA | 1,850,000 | $4M | 3.7% | ADD 89% |
| 11 | KGCKINROSS GOLD CORP | 800,000 | $4M | 3.1% | HOLD |
| 12 | MAG SILVER CORP | 325,000 | $3M | 2.9% | HOLD |
| 13 | AMERICAS GOLD AND SILVER COR | 1,345,000 | $3M | 2.9% | NEW |
| 14 | KIRKLAND LAKE GOLD LTD | 75,000 | $3M | 2.9% | HOLD |
| 15 | GFIGOLD FIELDS LTD | 670,423 | $3M | 2.8% | HOLD |
| 16 | RGLDROYAL GOLD INC | 250,000 | $1M | 1.1% | ADD 733% |
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