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
| $9.14B | +$355M | 39 | 42.75% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $5.13B | +$138M | 37 | 0.21% | Increased |
|
| 3 |
BlackRock
New York
| $3.94B | -$234M | 39 | 0.18% | Reduced |
|
| 4 |
First Eagle Investment Management
New York
| $2.9B | +$12.3M | 15 | 7.11% | Increased |
|
| 5 |
Fidelity Investments
Boston,
Massachusetts
| $2.67B | -$667M | 28 | 0.31% | Reduced |
|
| 6 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2.57B | +$88.7M | 56 | 1.28% | Increased |
|
| 7 |
Franklin Resources
San Mateo,
California
| $2.32B | +$401K | 16 | 1.19% | Increased |
|
| 8 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.74B | -$71.9M | 63 | 0.78% | Reduced |
|
| 9 |
Bank of Montreal
Toronto,
Ontario, Canada
| $1.71B | +$145M | 53 | 1.41% | Increased |
|
| 10 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.49B | +$122M | 15 | 0.23% | Increased |
|
| 11 |
State Street
Boston,
Massachusetts
| $1.43B | -$12.2M | 15 | 0.12% | Reduced |
|
| 12 |
Citigroup
New York
| $1.26B | +$132M | 45 | 1.16% | Increased |
|
| 13 |
Fidelity International
Hamilton,
Bermuda
| $1.15B | +$1.02B | 4 | 1.74% | Increased |
|
| 14 |
Credit Suisse
Zurich,
Switzerland
| $1.09B | -$42.5M | 40 | 1.07% | Reduced |
|
| 15 |
Flossbach Von Storch
Cologne,
Germany
| $1.09B | +$95.5M | 3 | 10.7% | Increased |
|
| 16 |
Morgan Stanley
New York
| $1.09B | -$211M | 63 | 0.29% | Reduced |
|
| 17 |
Renaissance Technologies
New York
| $1.04B | +$39.3M | 38 | 1.14% | Increased |
|
| 18 |
UBS Group
Zurich,
Switzerland
| $1.03B | -$134M | 64 | 0.45% | Reduced |
|
| 19 |
Capital World Investors
Los Angeles,
California
| $1.03B | -$28.7M | 3 | 0.22% | Reduced |
|
| 20 |
Carmignac Gestion
Paris,
France
| $991M | +$196M | 3 | 7.39% | Increased |
|
| 21 |
Norges Bank
Oslo,
Norway
| $983M | -$121M | 21 | 0.34% | Reduced |
|
| 22 |
Prudential plc
London, England,
United Kingdom
| $896M | +$15.6M | 11 | 2.8% | Increased |
|
| 23 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| $881M | -$46.2M | 24 | 4.95% | Reduced |
|
| 24 |
Dimensional Fund Advisors
Austin,
Texas
| $875M | +$85.4M | 26 | 0.35% | Increased |
|
| 25 |
Wells Fargo
San Francisco,
California
| $871M | +$293M | 51 | 0.26% | Increased |
|