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
| $8.54B | +$867M | 39 | 42.45% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $4.91B | +$83.1M | 38 | 0.21% | Increased |
|
| 3 |
BlackRock
New York
| $4.28B | -$252M | 38 | 0.2% | Reduced |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $3.21B | +$194M | 28 | 0.38% | Increased |
|
| 5 |
First Eagle Investment Management
New York
| $2.73B | +$423M | 14 | 6.81% | Increased |
|
| 6 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2.43B | +$1.81B | 52 | 1.16% | Increased |
|
| 7 |
Franklin Resources
San Mateo,
California
| $2.2B | -$99.8M | 17 | 1.12% | Reduced |
|
| 8 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.7B | +$50.3M | 61 | 0.76% | Increased |
|
| 9 |
Bank of Montreal
Toronto,
Ontario, Canada
| $1.48B | +$43.1M | 51 | 1.32% | Increased |
|
| 10 |
State Street
Boston,
Massachusetts
| $1.47B | -$40M | 15 | 0.12% | Reduced |
|
| 11 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.34B | +$52.9M | 15 | 0.21% | Increased |
|
| 12 |
Morgan Stanley
New York
| $1.26B | +$30.8M | 62 | 0.35% | Increased |
|
| 13 |
UBS Group
Zurich,
Switzerland
| $1.15B | +$180M | 61 | 0.49% | Increased |
|
| 14 |
Citigroup
New York
| $1.11B | +$148M | 45 | 0.92% | Increased |
|
| 15 |
Credit Suisse
Zurich,
Switzerland
| $1.1B | -$46.8M | 41 | 1.03% | Reduced |
|
| 16 |
Norges Bank
Oslo,
Norway
| $1.04B | +$8.1M | 21 | 0.38% | Increased |
|
| 17 |
Capital World Investors
Los Angeles,
California
| $994M | -$35.3M | 6 | 0.22% | Reduced |
|
| 18 |
Flossbach Von Storch
Cologne,
Germany
| $975M | +$240M | 3 | 9.99% | Increased |
|
| 19 |
Renaissance Technologies
New York
| $973M | +$22.3M | 35 | 1.06% | Increased |
|
| 20 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| $860M | +$48.4M | 25 | 5.2% | Increased |
|
| 21 |
Prudential plc
London, England,
United Kingdom
| $855M | -$48.1M | 11 | 2.67% | Reduced |
|
| 22 |
Dimensional Fund Advisors
Austin,
Texas
| $836M | +$23.8M | 26 | 0.35% | Increased |
|
| 23 |
Tocqueville Asset Management
New York
| $792M | -$53.3M | 20 | 10.1% | Reduced |
|
| 24 |
TD Asset Management
Toronto,
Ontario, Canada
| $790M | +$35.9M | 25 | 1.21% | Increased |
|
| 25 |
Carmignac Gestion
Paris,
France
| $780M | -$143M | 3 | 5.47% | Reduced |
|