← All themes Gold & Precious Metals

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	$14.5B	-$287M	56	33.6%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$9.86B	+$105M	45	0.22%	Increased
3	BlackRock New York	$8.57B	-$69M	45	0.22%	Reduced
4	Fidelity Investments Boston, Massachusetts	$6.1B	-$367M	38	0.45%	Reduced
5	Royal Bank of Canada Toronto, Ontario, Canada	$3.89B	+$45.2M	83	0.89%	Increased
6	First Eagle Investment Management New York	$3.7B	-$19.3M	15	9.27%	Reduced
7	Capital World Investors Los Angeles, California	$3.55B	-$134M	7	0.56%	Reduced
8	State Street Boston, Massachusetts	$3.11B	+$57.8M	18	0.15%	Increased
9	Bank of Montreal Toronto, Ontario, Canada	$2.52B	-$370M	60	1.34%	Reduced
10	Flossbach Von Storch Cologne, Germany	$2.51B	-$2.13M	4	6.75%	Reduced
11	Massachusetts Financial Services Boston, Massachusetts	$2.22B	-$41.5M	8	0.61%	Reduced
12	Invesco Atlanta, Georgia	$2.1B	+$2.29M	46	0.5%	Increased
13	Renaissance Technologies New York	$2.09B	-$186M	62	2.6%	Reduced
14	Fidelity International Hamilton, Bermuda	$2.01B	+$331M	9	2.06%	Increased
15	Bank of America Charlotte, North Carolina	$1.96B	+$79.2M	72	0.19%	Increased
16	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.83B	-$90.1M	35	0.82%	Reduced
17	Mackenzie Financial Toronto Ontario, Ontario, Canada	$1.7B	+$67.3M	36	2.29%	Increased
18	Morgan Stanley New York	$1.66B	-$256M	84	0.21%	Reduced
19	Susquehanna International Group Bala Cynwyd, Pennsylvania	$1.56B	-$83M	61	0.23%	Reduced
20	T. Rowe Price Associates Baltimore, Maryland	$1.49B	-$303M	19	0.13%	Reduced
21	Norges Bank Oslo, Norway	$1.45B	-$6.24M	21	0.3%	Reduced
22	Amundi Paris, France	$1.39B	+$197M	38	0.88%	Increased
23	Geode Capital Management Boston, Massachusetts	$1.34B	+$24.4M	44	0.16%	Increased
24	Franklin Resources San Mateo, California	$1.34B	-$124M	37	0.48%	Reduced
25	Bank of Nova Scotia Toronto, Ontario, Canada	$1.25B	+$5.33M	13	1.75%	Increased