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
| $14.8B | +$254M | 49 | 33.58% | Increased |
|
| 2 |
Vanguard Group
Malvern,
Pennsylvania
| $9.94B | +$66.2M | 47 | 0.25% | Increased |
|
| 3 |
BlackRock
New York
| $8.35B | +$377M | 42 | 0.25% | Increased |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $6.39B | +$416M | 42 | 0.58% | Increased |
|
| 5 |
First Eagle Investment Management
New York
| $4.31B | +$8.47M | 15 | 11.4% | Increased |
|
| 6 |
Capital World Investors
Los Angeles,
California
| $3.96B | +$520M | 5 | 0.82% | Increased |
|
| 7 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $3.46B | -$124M | 81 | 0.98% | Reduced |
|
| 8 |
Fidelity International
Hamilton,
Bermuda
| $3.06B | -$225M | 10 | 3.51% | Reduced |
|
| 9 |
Bank of Montreal
Toronto,
Ontario, Canada
| $3.01B | +$197M | 54 | 1.2% | Increased |
|
| 10 |
State Street
Boston,
Massachusetts
| $2.87B | -$11.6M | 22 | 0.16% | Reduced |
|
| 11 |
Massachusetts Financial Services
Boston,
Massachusetts
| $2.62B | +$6.13M | 7 | 0.9% | Increased |
|
| 12 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2.07B | +$147M | 39 | 1.16% | Increased |
|
| 13 |
Elliott Investment Management
West Palm Beach,
Florida
| $2.01B | +$63.7M | 1 | 14.9% | Increased |
|
| 14 |
Bank of America
Charlotte,
North Carolina
| $1.93B | +$158M | 67 | 0.2% | Increased |
|
| 15 |
Morgan Stanley
New York
| $1.86B | -$1.57M | 81 | 0.2% | Reduced |
|
| 16 |
Amundi
Paris,
France
| $1.86B | -$231M | 39 | 1% | Reduced |
|
| 17 |
Invesco
Atlanta,
Georgia
| $1.83B | -$93.9M | 38 | 0.51% | Reduced |
|
| 18 |
Norges Bank
Oslo,
Norway
| $1.83B | +$86.6M | 18 | 0.4% | Increased |
|
| 19 |
Renaissance Technologies
New York
| $1.82B | -$203M | 58 | 2.41% | Reduced |
|
| 20 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| $1.79B | -$38.4M | 38 | 2.77% | Reduced |
|
| 21 |
JP Morgan Chase
New York
| $1.66B | +$124M | 51 | 0.2% | Increased |
|
| 22 |
Flossbach Von Storch
Cologne,
Germany
| $1.59B | -$333M | 3 | 6.67% | Reduced |
|
| 23 |
Dimensional Fund Advisors
Austin,
Texas
| $1.58B | +$1.48B | 40 | 0.53% | New |
|
| 24 |
National Bank of Canada
Montreal,
Quebec, Canada
| $1.39B | +$37.5M | 57 | 3.43% | Increased |
|
| 25 |
Geode Capital Management
Boston,
Massachusetts
| $1.38B | +$15.4M | 45 | 0.18% | Increased |
|