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
| $8.28B | +$844M | 39 | 40.37% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $4.25B | +$118M | 37 | 0.17% | Increased |
|
| 3 |
BlackRock
New York
| $3.48B | +$275M | 33 | 0.15% | Increased |
|
| 4 |
First Eagle Investment Management
New York
| $2.46B | +$134M | 15 | 6.17% | Increased |
|
| 5 |
Fidelity Investments
Boston,
Massachusetts
| $2.26B | -$14.6M | 33 | 0.25% | Reduced |
|
| 6 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $1.84B | -$305M | 56 | 0.93% | Reduced |
|
| 7 |
Franklin Resources
San Mateo,
California
| $1.8B | -$133M | 16 | 0.9% | Reduced |
|
| 8 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.47B | +$233M | 14 | 0.21% | Increased |
|
| 9 |
Bank of Montreal
Toronto,
Ontario, Canada
| $1.45B | +$48M | 57 | 1.14% | Increased |
|
| 10 |
Morgan Stanley
New York
| $1.44B | +$600M | 65 | 0.36% | Increased |
|
| 11 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.35B | -$67.3M | 61 | 0.56% | Reduced |
|
| 12 |
State Street
Boston,
Massachusetts
| $1.2B | +$44.3M | 15 | 0.09% | Increased |
|
| 13 |
Capital World Investors
Los Angeles,
California
| $1.12B | +$295M | 5 | 0.27% | Increased |
|
| 14 |
Flossbach Von Storch
Cologne,
Germany
| $1.07B | +$189M | 3 | 9.8% | Increased |
|
| 15 |
Renaissance Technologies
New York
| $899M | +$99.2M | 40 | 0.92% | Increased |
|
| 16 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| $886M | +$843M | 24 | 1.64% | Increased |
|
| 17 |
Wells Fargo
San Francisco,
California
| $872M | +$156M | 50 | 0.25% | Increased |
|
| 18 |
Dimensional Fund Advisors
Austin,
Texas
| $803M | +$99.3M | 26 | 0.31% | Increased |
|
| 19 |
Norges Bank
Oslo,
Norway
| $798M | +$746K | 21 | 0.26% | Increased |
|
| 20 |
Fidelity International
Hamilton,
Bermuda
| $763M | -$182M | 6 | 1.13% | Reduced |
|
| 21 |
Citigroup
New York
| $761M | -$317M | 44 | 0.68% | Reduced |
|
| 22 |
Rafferty Asset Management
New York
| $755M | +$92M | 2 | 11.71% | Increased |
|
| 23 |
JP Morgan Chase
New York
| $725M | +$281M | 39 | 0.14% | Increased |
|
| 24 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $706M | +$265M | 38 | 0.23% | Increased |
|
| 25 |
Credit Suisse
Zurich,
Switzerland
| $684M | -$239M | 36 | 0.61% | Reduced |
|