← All themes Gold & Precious Metals

Gold & Silver Miners

Miners carry fixed costs against a variable metal price, so their earnings move by more than the metal itself in either direction. That operating leverage is the reason to own them instead of bullion.

124 stocks

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
1	VanEck Associates New York	$5.57B	+$124M	32	37.52%	Increased
2	Fidelity Investments Boston, Massachusetts	$2.82B	+$455M	26	0.39%	Increased
3	Vanguard Group Malvern, Pennsylvania	$2.77B	+$235M	33	0.18%	Increased
4	First Eagle Investment Management New York	$1.94B	-$22.6M	15	4.92%	Reduced
5	BlackRock Group London, United Kingdom	$1.42B	+$335M	11	0.77%	Increased
6	T. Rowe Price Associates Baltimore, Maryland	$1.32B	-$229M	15	0.28%	Reduced
7	Bank of New York Mellon New York	$1.06B	-$123M	26	0.32%	Reduced
8	Royal Bank of Canada Toronto, Ontario, Canada	$1.06B	+$49.7M	51	0.66%	Increased
9	Bank of Montreal Toronto, Ontario, Canada	$973M	+$69M	43	1.04%	Increased
10	Renaissance Technologies New York	$972M	+$150M	38	1.85%	Increased
11	Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada	$952M	+$136M	25	7.38%	Increased
12	State Street Boston, Massachusetts	$935M	+$12.6M	13	0.1%	Increased
13	Franklin Resources San Mateo, California	$861M	-$126M	14	0.46%	Reduced
14	Deutsche Bank Frankfurt Am Main Ge, Germany	$845M	+$172K	42	0.64%	Increased
15	Dimensional Fund Advisors Austin, Texas	$830M	-$17.2M	23	0.5%	Reduced
16	Credit Suisse Zurich, Switzerland	$810M	-$101M	34	0.97%	Reduced
17	Tocqueville Asset Management New York	$741M	+$39.5M	18	9.81%	Increased
18	Prudential plc London, England, United Kingdom	$721M	+$100M	13	2.93%	Increased
19	CIBC World Market Toronto, Ontario, Canada	$707M	+$11.7M	27	3.28%	Increased
20	Morgan Stanley New York	$695M	-$16.8M	53	0.27%	Reduced
21	APG Asset Management Amsterdam, Netherlands	$672M	-$12.8M	9	1.39%	Reduced
22	Norges Bank Oslo, Norway	$671M	+$37.9M	19	0.33%	Increased
23	BlackRock Institutional Trust San Francisco, California	$670M	+$11.6M	22	0.11%	Increased
24	TD Asset Management Toronto, Ontario, Canada	$662M	+$48.3M	23	1.24%	Increased
25	BlackRock Fund Advisors San Francisco, California	$651M	+$53.7M	28	0.15%	Increased