Portfolio concentration
As of April 30, 2026 · N-PORT
Holdings
39
Top-10 weight
74.80%
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.
11
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.
239.0
Holdings
As of April 30, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | WHEATON PRECIOUS METALS CORP | — | 9,321,805 | $1.18B | 22.30% |
| 2 | PAN AMER SILVER | — | 12,293,369 | $642.82M | 12.16% |
| 3 | COEUR MINING INC | — | 21,371,957 | $384.05M | 7.26% |
| 4 | FIRST MAJESTIC S | — | 14,704,617 | $289.10M | 5.47% |
| 5 | FRESNILLO PLC | — | 6,534,677 | $287.26M | 5.43% |
| 6 | HECLA MINING CO | — | 14,775,887 | $266.26M | 5.04% |
| 7 | KOREA ZINC CO | — | 232,629 | $247.65M | 4.68% |
| 8 | Industrias Penoles S.A. de C.V. | PE&OLES* | 4,775,499 | $240.17M | 4.54% |
| 9 | SSR MINING INC | — | 7,794,961 | $224.57M | 4.25% |
| 10 | Compania de Minas Buenaventura S.A.A. SPONSORED ADR | BVN US | 6,361,865 | $207.33M | 3.92% |
| 11 | OR ROYALTIES INC | — | 5,478,098 | $201.36M | 3.81% |
| 12 | DISCOVERY SILVER | — | 24,512,801 | $150.92M | 2.85% |
| 13 | FORTUNA MINING C | — | 11,859,845 | $114.15M | 2.16% |
| 14 | SILVERCORP METAL | — | 8,148,676 | $97.76M | 1.85% |
| 15 | ENDEAVOUR SILVER | — | 9,582,286 | $88.44M | 1.67% |
| 16 | TRIPLE FLAG | — | 2,563,966 | $81.68M | 1.55% |
| 17 | AYA GOLD & SILVE | — | 4,572,666 | $78.88M | 1.49% |
| 18 | AbraSilver Resource Corp. | ABRA | 5,212,475 | $61.58M | 1.16% |
| 19 | HYCROFT MINING HOLDING CORP | — | 1,318,122 | $48.06M | 0.91% |
| 20 | AMERICAS GOLD SILVER CORP | — | 7,914,245 | $45.24M | 0.86% |
| 21 | BNYREPOS | BNYREPOS | 39,780,680 | $39.78M | 0.75% |
| 22 | KINGSGATE CONSOLIDATED LTD | KCN | 8,500,064 | $37.58M | 0.71% |
| 23 | MCEWEN MINING INC | — | 1,731,519 | $37.54M | 0.71% |
| 24 | HOCHSCHILD MININ | — | 4,322,822 | $36.60M | 0.69% |
| 25 | VIZSLA SILVER CO | — | 10,377,059 | $35.15M | 0.66% |
| 26 | AVINO SILVER GOLD MINES LTD | ASM | 5,153,469 | $33.21M | 0.63% |
| 27 | SIGMA LITHIUM CORP COMMON STOCK | SGML CN | 3,233,711 | $25.28M | 0.48% |
| 28 | GOGOLD RESOURCES INC COMMON STOCK | GGD CN | 11,889,834 | $22.89M | 0.43% |
| 29 | New Pacific Metals Corp. | NUAG | 3,938,547 | $20.89M | 0.40% |
| 30 | Integra Resources Corporation | ITRG | 6,182,036 | $16.71M | 0.32% |
| 31 | Blackrock Silver Corp. | — | 10,036,434 | $8.92M | 0.17% |
| 32 | Silver Tiger Metals, Inc. | SLVR CN | 13,672,459 | $8.14M | 0.15% |
| 33 | Guanajuato Silver Co., Ltd. | GSVR CN | 17,695,390 | $8.06M | 0.15% |
| 34 | Andean Precious Metals Corp. | APM | 1,698,294 | $7.80M | 0.15% |
| 35 | SILVER MINES LTD COMMON STOCK | SVL AU | 65,777,032 | $7.57M | 0.14% |
| 36 | Andean Silver, Ltd. | ASL | 5,048,743 | $7.37M | 0.14% |
| 37 | GOLD RESOURCE CORP | — | 3,661,156 | $5.35M | 0.10% |
| 38 | UNICO SILVER LTD | — | 13,224,920 | $5.32M | 0.10% |
| 39 | Aftermath Silver, Ltd. | AAG | 8,282,968 | $4.69M | 0.09% |
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