Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
29
Top-10 weight
73.20%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
12
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
311.3
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | GOLD BULLION | — | 251,751 | $1.22B | 20.86% |
| 2 | WHEATON PRECIOUS METALS CORP | — | 4,498,645 | $593.24M | 10.16% |
| 3 | NEWMONT CORP | — | 3,965,970 | $445.58M | 7.63% |
| 4 | AGNICO EAGLE MINES LTD | — | 2,082,360 | $395.84M | 6.78% |
| 5 | DPM METALS INC | — | 8,205,784 | $286.31M | 4.91% |
| 6 | BARRICK MINING CORP | — | 6,217,505 | $284.70M | 4.88% |
| 7 | KINROSS GOLD CORP | — | 8,693,726 | $274.37M | 4.70% |
| 8 | FRANCO-NEVADA CORP | — | 1,164,163 | $272.51M | 4.67% |
| 9 | NORTHERN STAR RE | — | 13,866,413 | $254.91M | 4.37% |
| 10 | SILVER BULLION | — | 2,973,382 | $244.09M | 4.18% |
| 11 | G MINING VENTURES CORP | — | 7,272,273 | $230.56M | 3.95% |
| 12 | ALAMOS GOLD INC A | — | 6,016,287 | $222.95M | 3.82% |
| 13 | ROYAL GOLD INC | — | 794,024 | $209.07M | 3.58% |
| 14 | Gold Fields Ltd SPONSORED ADR | GFI US | 3,435,881 | $172.21M | 2.95% |
| 15 | PAN AMER SILVER | — | 3,091,587 | $168.45M | 2.89% |
| 16 | ANGLOGOLD ASHANTI PLC | — | 1,454,746 | $135.10M | 2.31% |
| 17 | NOVAGOLD RESOURCES INC | — | 8,986,012 | $78.45M | 1.34% |
| 18 | ORLA MINING LTD | — | 4,695,667 | $70.83M | 1.21% |
| 19 | INDUSTRIAS PENOL | — | 1,177,131 | $68.22M | 1.17% |
| 20 | FRESNILLO PLC | — | 1,185,685 | $58.39M | 1.00% |
| 21 | ORA BANDA MINING | — | 59,797,630 | $50.12M | 0.86% |
| 22 | B2GOLD CORPORATION | — | 9,464,869 | $46.09M | 0.79% |
| 23 | JPMorgan US Government Money Market Fund | — | 18,674,323 | $18.67M | 0.32% |
| 24 | General Motors Financial Co., Inc. | — | 14,438,000 | $14.43M | 0.25% |
| 25 | Global Payments, Inc. | — | 10,145,000 | $10.14M | 0.17% |
| 26 | THE AES CORPORATION | — | 5,463,000 | $5.46M | 0.09% |
| 27 | PAN AMERICAN SILVER CORP RIGHT | PAASF US | 6,835,667 | $3.96M | 0.07% |
| 28 | FX Forward Contract: CAD/USD SETTLE 2026-03-18 | — | 2 | $1 | 0.00% |
| 29 | INDIA RUPEE | — | 86 | $1 | 0.00% |
| 30 | New Mexican Pesos | — | 0 | $0 | 0.00% |
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