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
| $10.5B | +$1.33B | 36 | 46.09% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $4.28B | +$158M | 35 | 0.22% | Increased |
|
| 3 |
BlackRock
New York
| $4.17B | +$4.13B | 40 | 0.23% | Increased |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $3.23B | -$195M | 27 | 0.41% | Reduced |
|
| 5 |
Franklin Resources
San Mateo,
California
| $2.23B | +$824M | 16 | 1.13% | Increased |
|
| 6 |
First Eagle Investment Management
New York
| $2.15B | +$37.2M | 14 | 5.32% | Increased |
|
| 7 |
Bank of Montreal
Toronto,
Ontario, Canada
| $2.11B | +$552M | 46 | 2% | Increased |
|
| 8 |
Credit Suisse
Zurich,
Switzerland
| $1.58B | +$504M | 35 | 1.43% | Increased |
|
| 9 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.51B | +$12.6M | 53 | 0.81% | Increased |
|
| 10 |
Rafferty Asset Management
New York
| $1.46B | +$413M | 3 | 32.18% | Increased |
|
| 11 |
Wells Fargo
San Francisco,
California
| $1.44B | +$518M | 45 | 0.47% | Increased |
|
| 12 |
State Street
Boston,
Massachusetts
| $1.31B | -$56.3M | 14 | 0.12% | Reduced |
|
| 13 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.28B | -$42M | 15 | 0.24% | Reduced |
|
| 14 |
Morgan Stanley
New York
| $1.1B | +$183M | 54 | 0.34% | Increased |
|
| 15 |
Prudential plc
London, England,
United Kingdom
| $1.08B | +$56.3M | 13 | 3.61% | Increased |
|
| 16 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| $1.07B | -$80.8M | 21 | 7.03% | Reduced |
|
| 17 |
Capital World Investors
Los Angeles,
California
| $1.03B | +$807M | 3 | 0.25% | Increased |
|
| 18 |
Tocqueville Asset Management
New York
| $983M | +$13.8M | 18 | 12% | Increased |
|
| 19 |
Citigroup
New York
| $980M | +$429M | 41 | 0.87% | Increased |
|
| 20 |
Norges Bank
Oslo,
Norway
| $962M | +$20.7M | 19 | 0.39% | Increased |
|
| 21 |
Bank of New York Mellon
New York
| $938M | -$16.2M | 31 | 0.26% | Reduced |
|
| 22 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| $862M | +$48.4M | 37 | 2.3% | Increased |
|
| 23 |
Dimensional Fund Advisors
Austin,
Texas
| $795M | -$20.1M | 24 | 0.38% | Reduced |
|
| 24 |
H
Hexavest
Montreal,
Quebec, Canada
| $795M | +$743M | 14 | 9.45% | Increased |
|
| 25 |
CIBC World Market
Toronto,
Ontario, Canada
| $793M | -$87.3M | 27 | 2.56% | Reduced |
|