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
| $8.33B | +$74.2M | 39 | 41.09% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $4.95B | +$128M | 38 | 0.22% | Increased |
|
| 3 |
BlackRock
New York
| $4.43B | +$96.1M | 39 | 0.21% | Increased |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $3.34B | -$131M | 29 | 0.39% | Reduced |
|
| 5 |
Franklin Resources
San Mateo,
California
| $2.59B | +$39.4M | 18 | 1.24% | Increased |
|
| 6 |
First Eagle Investment Management
New York
| $2.53B | -$78.7M | 15 | 5.95% | Reduced |
|
| 7 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.83B | +$96.3M | 62 | 0.8% | Increased |
|
| 8 |
Bank of Montreal
Toronto,
Ontario, Canada
| $1.64B | -$370M | 53 | 1.42% | Reduced |
|
| 9 |
State Street
Boston,
Massachusetts
| $1.46B | +$92.5M | 14 | 0.12% | Increased |
|
| 10 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.39B | -$23.7M | 13 | 0.23% | Reduced |
|
| 11 |
Morgan Stanley
New York
| $1.33B | -$21.3M | 62 | 0.36% | Reduced |
|
| 12 |
Credit Suisse
Zurich,
Switzerland
| $1.23B | +$212M | 42 | 1.1% | Increased |
|
| 13 |
Norges Bank
Oslo,
Norway
| $1.11B | +$42.3M | 20 | 0.4% | Increased |
|
| 14 |
Citigroup
New York
| $1.04B | +$369M | 48 | 0.83% | Increased |
|
| 15 |
Capital World Investors
Los Angeles,
California
| $1.03B | -$93.2M | 7 | 0.22% | Reduced |
|
| 16 |
UBS Group
Zurich,
Switzerland
| $1.03B | +$417M | 60 | 0.42% | Increased |
|
| 17 |
Renaissance Technologies
New York
| $1.02B | +$26M | 38 | 1.13% | Increased |
|
| 18 |
Prudential plc
London, England,
United Kingdom
| $1B | -$60.7M | 14 | 3.06% | Reduced |
|
| 19 |
Carmignac Gestion
Paris,
France
| $927M | +$38.3M | 3 | 6.16% | Increased |
|
| 20 |
Tocqueville Asset Management
New York
| $920M | -$66.4M | 19 | 10.44% | Reduced |
|
| 21 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| $905M | -$26.7M | 25 | 5.28% | Reduced |
|
| 22 |
Bank of New York Mellon
New York
| $873M | -$78.1M | 36 | 0.23% | Reduced |
|
| 23 |
TD Asset Management
Toronto,
Ontario, Canada
| $857M | +$7.48M | 25 | 1.25% | Increased |
|
| 24 |
Donald Smith & Co
New York
| $836M | +$45.9M | 8 | 20.22% | Increased |
|
| 25 |
Dimensional Fund Advisors
Austin,
Texas
| $832M | +$39.6M | 26 | 0.34% | Increased |
|