CIK 1509445
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2014-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 | 81.49% | 15 |
| Metals & Mining | 18.51% | 4 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | Unclassified | 18.77% |
| 2 | MARKET VECTORS ETF TR JR GOLD MINERS E | Unclassified | 6.71% | |
| 3 | DUNDEE PRECIOUS METALS INC COM | Unclassified | 6.66% | |
| 4 | RANDGOLD RES LTD | Unclassified | 6.30% | |
| 5 | AEM | AGNICO EAGLE MINES LTD | Materials | 5.46% |
| 6 | BTG | B2GOLD CORP | Materials | 5.15% |
| 7 | Torex Gold Resources Inc | Unclassified | 5.12% | |
| 8 | ARGONAUT GOLD INCORPORATED NEW | Unclassified | 5.04% | |
| 9 | PRIMERO MNG CORP | Unclassified | 4.68% | |
| 10 | PRETIUM RESOURCES INC | Unclassified | 4.38% |
4/19 names classified · sector 18.5% of weight · industry 18.5% · mkt cap 5.2%; 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: 18.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/7 names) · unclassified 100.0%: , GLD, AEM, BTG, AGI, PAAS, SA. 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 | GLDSPDR GOLD TR | 112,713 | $13M | 18.8% | HOLD |
| 2 | MARKET VECTORS ETF TR JR GOLD MINERS E | 139,178 | $5M | 6.7% | NEW |
| 3 | DUNDEE PRECIOUS METALS INC COM | 1,169,407 | $5M | 6.7% | ADD 14% |
| 4 | RANDGOLD RES LTD | 65,070 | $4M | 6.3% | NEW |
| 5 | AEMAGNICO EAGLE MINES LTD | 131,264 | $4M | 5.5% | NEW |
| 6 | BTGB2GOLD CORP | 1,766,749 | $4M | 5.2% | NEW |
| 7 | Torex Gold Resources Inc | 2,720,796 | $4M | 5.1% | ADD 16% |
| 8 | ARGONAUT GOLD INCORPORATED NEW | 1,004,688 | $4M | 5.0% | ADD 12% |
| 9 | PRIMERO MNG CORP | 671,086 | $3M | 4.7% | ADD 79% |
| 10 | PRETIUM RESOURCES INC | 587,984 | $3M | 4.4% | NEW |
| 11 | AGIALAMOS GOLD INC | 370,729 | $3M | 4.2% | ADD 30% |
| 12 | Detour Gold Corporation | 370,713 | $3M | 4.2% | NEW |
| 13 | ELDORADO GOLD CORP | 414,110 | $3M | 4.0% | NEW |
| 14 | PAASPAN AMERN SILVER CORP | 232,315 | $3M | 3.7% | NEW |
| 15 | SASEABRIDGE GOLD INC | 312,235 | $3M | 3.6% | NEW |
| 16 | AURICO GOLD INC | 645,693 | $2M | 3.2% | NEW |
| 17 | SILVER WHEATON CORP | 107,788 | $2M | 3.1% | NEW |
| 18 | YAMANA GOLD INC | 348,551 | $2M | 3.0% | NEW |
| 19 | TAHOE RES INC | 94,788 | $2M | 2.8% | NEW |
Where this firm's principals came from and which firms its alumni went on to found.
