ASA Gold and Precious Metals
77 hedge funds and large institutions have $734M invested in ASA Gold and Precious Metals in 2026 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 9 closing their positions.
103% more call options, than puts
Call options by funds: $1.75M | Put options by funds: $862K
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
7% more capital invested
Capital invested by funds: $683M → $734M (+$50.6M)
4% more funds holding
Funds holding: 74 → 77 (+3)
2.11% more ownership
Funds ownership: 60.59% → 62.7% (+2.1%)
32% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$34.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$21.9M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$9.69M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$4.48M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$25.4M |
| 2 |
TPWM
Twelve Points Wealth Management
Concord,
Massachusetts
|
-$9.71M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$8.06M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$3.54M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$2.36M |
ASA Hedge Fund Activity: Q1 2026 in Review
77 of the 8,190 institutional investors tracked by Wall St. Rank reported a position in ASA Gold and Precious Metals (ASA) for Q1 2026, worth a combined $734M — up 7.4% from $683M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new ASA positions and 9 closed out — a net gain of 6 holders — while 17 added to existing stakes and 25 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $34.6M. The largest seller was Morgan Stanley, cutting an estimated $25.4M.
- 77 institutional investors held ASA Gold and Precious Metals (ASA) as of Q1 2026, up from 74 in Q4 2025.
- Funds reported $734M of ASA Gold and Precious Metals stock for Q1 2026, up 7.4% quarter-over-quarter.
- 15 funds opened new ASA Gold and Precious Metals positions in Q1 2026 and 9 closed out, a net change of +6 holders.
- The largest ASA Gold and Precious Metals buyer in Q1 2026 was Saba Capital Management, an estimated $34.6M added.
- The largest ASA Gold and Precious Metals seller in Q1 2026 was Morgan Stanley, an estimated $25.4M sold.
Based on aggregated 13F filings for Q1 2026.