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
| $10.9B | -$511M | 37 | 52.3% | Reduced |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $7.4B | +$1.15B | 38 | 0.28% | Increased |
|
| 3 |
BlackRock
New York
| $7.13B | +$991M | 33 | 0.3% | Increased |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $4.44B | +$158M | 29 | 0.52% | Increased |
|
| 5 |
First Eagle Investment Management
New York
| $3.7B | +$265M | 12 | 10% | Increased |
|
| 6 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2.66B | -$579M | 52 | 1.02% | Reduced |
|
| 7 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.22B | +$211M | 16 | 0.31% | Increased |
|
| 8 |
Capital World Investors
Los Angeles,
California
| $2.17B | +$180M | 5 | 0.51% | Increased |
|
| 9 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2.14B | +$109M | 63 | 0.86% | Increased |
|
| 10 |
Fidelity International
Hamilton,
Bermuda
| $2.02B | +$399M | 11 | 3.04% | Increased |
|
| 11 |
State Street
Boston,
Massachusetts
| $1.91B | +$404M | 18 | 0.14% | Increased |
|
| 12 |
Renaissance Technologies
New York
| $1.89B | +$258M | 45 | 1.66% | Increased |
|
| 13 |
Franklin Resources
San Mateo,
California
| $1.86B | -$206M | 23 | 0.99% | Reduced |
|
| 14 |
Morgan Stanley
New York
| $1.63B | +$79M | 64 | 0.43% | Increased |
|
| 15 |
Bank of Montreal
Toronto,
Ontario, Canada
| $1.51B | -$93.3M | 56 | 1.27% | Reduced |
|
| 16 |
Flossbach Von Storch
Cologne,
Germany
| $1.49B | -$14.4M | 3 | 12.74% | Reduced |
|
| 17 |
UBS Group
Zurich,
Switzerland
| $1.47B | +$223M | 62 | 0.56% | Increased |
|
| 18 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| $1.18B | +$181M | 18 | 2.38% | Increased |
|
| 19 |
Norges Bank
Oslo,
Norway
| $1.12B | +$81.7M | 21 | 0.35% | Increased |
|
| 20 |
Ruffer LLP
London,
United Kingdom
| $1.09B | -$7.97M | 20 | 25.53% | Reduced |
|
| 21 |
Dimensional Fund Advisors
Austin,
Texas
| $1.07B | -$32.1M | 26 | 0.42% | Reduced |
|
| 22 |
Wells Fargo
San Francisco,
California
| $1.01B | +$328M | 50 | 0.29% | Increased |
|
| 23 |
Invesco
Atlanta,
Georgia
| $1.01B | +$407M | 28 | 0.26% | Increased |
|
| 24 |
TD Asset Management
Toronto,
Ontario, Canada
| $1.01B | +$46.9M | 26 | 1.51% | Increased |
|
| 25 |
Bank of New York Mellon
New York
| $963M | +$86.7M | 26 | 0.26% | Increased |
|