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
| $8.26B | +$111M | 39 | 42.2% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $4.9B | +$181M | 38 | 0.23% | Increased |
|
| 3 |
BlackRock
New York
| $4.39B | +$16.3M | 39 | 0.22% | Increased |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $3.38B | -$17.7M | 29 | 0.41% | Reduced |
|
| 5 |
First Eagle Investment Management
New York
| $2.61B | +$296M | 15 | 5.85% | Increased |
|
| 6 |
Franklin Resources
San Mateo,
California
| $2.48B | +$38.7M | 18 | 1.22% | Increased |
|
| 7 |
Bank of Montreal
Toronto,
Ontario, Canada
| $1.99B | -$238M | 56 | 1.82% | Reduced |
|
| 8 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.72B | +$122M | 60 | 0.83% | Increased |
|
| 9 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.4B | +$4.12M | 15 | 0.24% | Increased |
|
| 10 |
State Street
Boston,
Massachusetts
| $1.39B | -$15.1M | 15 | 0.12% | Reduced |
|
| 11 |
Morgan Stanley
New York
| $1.35B | -$12.6M | 63 | 0.4% | Reduced |
|
| 12 |
Capital World Investors
Los Angeles,
California
| $1.2B | +$117M | 7 | 0.27% | Increased |
|
| 13 |
Prudential plc
London, England,
United Kingdom
| $1.06B | +$7.01M | 14 | 3.34% | Increased |
|
| 14 |
Norges Bank
Oslo,
Norway
| $1.06B | +$28M | 20 | 0.4% | Increased |
|
| 15 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $1.05B | +$56.2M | 51 | 0.72% | Increased |
|
| 16 |
Renaissance Technologies
New York
| $1.03B | +$346M | 39 | 1.21% | Increased |
|
| 17 |
Credit Suisse
Zurich,
Switzerland
| $1.01B | -$392M | 42 | 0.98% | Reduced |
|
| 18 |
Tocqueville Asset Management
New York
| $981M | +$10.6M | 18 | 11.29% | Increased |
|
| 19 |
Bank of New York Mellon
New York
| $967M | +$998K | 30 | 0.27% | Increased |
|
| 20 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| $962M | +$70.8M | 24 | 5.77% | Increased |
|
| 21 |
Wells Fargo
San Francisco,
California
| $893M | -$544M | 49 | 0.28% | Reduced |
|
| 22 |
TD Asset Management
Toronto,
Ontario, Canada
| $848M | +$24.9M | 24 | 1.27% | Increased |
|
| 23 |
Carmignac Gestion
Paris,
France
| $845M | +$40.8M | 3 | 6.5% | Increased |
|
| 24 |
Dimensional Fund Advisors
Austin,
Texas
| $829M | +$9.36M | 25 | 0.36% | Increased |
|
| 25 |
Donald Smith & Co
New York
| $777M | -$77.1M | 9 | 18.7% | Reduced |
|