7 Largest Gold Fund Holdings Update - November 2021 and Attribution Analysis
This report details the most recent portfolio holdings for the 7 largest Precious Metal Managed Funds (as released in annual and/or semi-annual reports) and summarizes changes in portfolio holdings.
Only the 7 largest funds have been analyzed here. Funds included in this report are:
BlackRock Global Funds World Gold Fund – Based in Luxembourg, this is the world’s largest gold fund by AUM. The fund managed $5,784,521,819 USD in net assets as of Feb 2021. This is a slight decrease in AUM from the $7,362,416,769 USD reported in Aug 2020. Notable new additions to the fund during the period include: Dundee Precious Metals Inc., Great Bear Resources Ltd. and Skeena Resources Ltd.
First Eagle Gold Fund – During the period Oct 2020-Apr 2021 the fund increased position sizes in 3 companies: Wheaton Precious Metals Corp., Fresnillo PLC and Orla Mining Ltd.
Invesco Oppenheimer Gold & Special Minerals Fund – In a span of 4 months, Apr-Jul 2021, the fund added 10 new positions and disposed of 11 companies from the portfolio. Notable new additions include: Canada Nickel Co., Inc., Canada Silver Cobalt Works, Inc. and Zijin Mining Group Co. Ltd.
Fidelity Select Gold – Between Aug-Oct 2021 the fund decreased its holdings in US domestic equities by 1.2% and emerging markets by 0.7%. The fund increased its holdings in developed markets by 2.3%.
Sun Valley Gold LLC – Between reporting dates of Feb-May 2021, the fund added 3 new positions to its list of investments: Silvercrest Metals Inc., IAMGOLD Corp. and SPDR Gold Trust.
The summary below outlines which companies have been added, and are new, to a given portfolio and which companies have been sold from, and are no longer held by, a given portfolio.
Invesco Gold & Special Minerals Fund (Jul, 2021)
Fidelity Select Gold Fund (Oct, 2021)
ADDED
DROPPED
ADDED
DROPPED
Aeris Resources Ltd.
E2 Metals Ltd.
Hecla Mining Co.
Calibre Mining Corp.
Rumble Resources Ltd.
Sunrise Energy Metals Ltd.
Endeavour Mining PLC
Endeavour Mining PLC
Vulcan Energy Resources Ltd.
Major Drilling Group Intl Inc
Arizona Metals Corp.
Wheaton Precious Metals Corp.
Canada Nickel Co., Inc.
Abaxx Technologies Inc.
Sun Valley Gold LLC (May, 2021)
Canada Silver Cobalt Works, Inc.
Battle North Gold Corp.
ADDED
DROPPED
Triple Flag Precious Metals Corp.
GT Gold Corp.
Silvercrest Metals Inc.
Wheaton Precious Metals Corp.
Roxgold Inc.
IAMGOLD Corp.
Zijin Mining Group Co. Ltd.
Endeavor Mining Corp.
SPDR Gold Trust
Piedmont Lithium, Inc.
Greatland Gold PLC
Perpetua Resources Corp.
Sprott Gold Equity Fund (Sep, 2021)
ADDED
DROPPED
Anglogold Ashanti Ltd.
Premier Gold Mines Ltd.
BlackRock Global Funds World Gold Fund (Feb, 2021)
