This Precious Metals Fund Is Up 190% This Past Year and Still a Top Holding Even After a $4 Million Sale

Core Insights - Uncommon Cents Investing sold 77,370 shares of ASA Gold and Precious Metals Limited for an estimated $3.92 million, reducing its stake in the company [2][3][6] - The fund's quarter-end position in ASA was valued at $26.28 million, reflecting a net decrease of $2.56 million due to share sales and market price changes [3][6] - ASA shares have increased by 189.9% over the past year, significantly outperforming the S&P 500's 17% gain during the same period [4] Company Overview - ASA Gold and Precious Metals Limited is a specialized investment company focused on a diversified portfolio of precious metals and mining equities, utilizing fundamental analysis and a bottom-up approach [8] - The company primarily invests in equities of firms involved in the exploration, mining, or processing of precious minerals, and operates as a closed-end investment company [9] - ASA serves both institutional and individual investors seeking exposure to the global precious metals sector and related mining industries [9] Fund Details - After the sale, ASA accounted for 6.36% of Uncommon Cents Investing's assets under management (AUM), making it the fund's top holding [4][6] - The fund's top five holdings post-transaction include ASA at $26.28 million, Wells Fargo (WFC) at $10.42 million, Microsoft (MSFT) at $9.84 million, Raytheon Technologies (RTX) at $9.62 million, and Kroger (KR) at $8.82 million [7]