ASA GOLD AND PRECIOUS MTLS L ASA
SHS · Closed-End Fund · CUSIP G3156P103
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $52.05. Options: 3 managers hold calls ($1.1m notional), 1 hold puts ($26.0k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 56 |
| Q4 2022 | 64 |
| Q1 2023 | 53 |
| Q2 2023 | 52 |
| Q3 2023 | 53 |
| Q4 2023 | 51 |
| Q1 2024 | 51 |
| Q2 2024 | 52 |
| Q3 2024 | 58 |
| Q4 2024 | 59 |
| Q1 2025 | 58 |
| Q2 2025 | 64 |
| Q3 2025 | 66 |
| Q4 2025 | 75 |
| Q1 2026 | 77 |
| Q2 2026 | 74 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 21 | 22 |
| Q4 2024 | 21 | 24 |
| Q1 2025 | 22 | 28 |
| Q2 2025 | 24 | 25 |
| Q3 2025 | 22 | 31 |
| Q4 2025 | 25 | 35 |
| Q1 2026 | 32 | 34 |
| Q2 2026 | 22 | 41 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.3m | $0 | 0.00 |
| Q4 2025 | $1.7m | $0 | 0.00 |
| Q1 2026 | $1.7m | $862.2k | 0.49 |
| Q2 2026 | $1.1m | $26.0k | 0.02 |
Biggest buyers
| Almitas Capital LLC | Added | +103.5k |
| Quantedge Capital Pte Ltd | Added | +28.8k |
| Altium Capital Management LLC | Added | +18.2k |
| JANE STREET GROUP, LLC | Added | +16.1k |
| Twelve Points Wealth Management LLC | Added | +12.2k |
| FLAX POND CAPITAL, LLC | Added | +9.5k |
| HRT FINANCIAL LP | New | +8.7k |
| CSS LLC/IL | Added | +6.7k |
| Tidal Investments LLC | New | +6.0k |
| TWO SIGMA SECURITIES, LLC | New | +5.1k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -67.8k |
| Thomas J. Herzfeld Advisors, Inc. | Reduced | -59.1k |
| CITADEL ADVISORS LLC | Reduced | -44.2k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -40.6k |
| ZAZOVE ASSOCIATES LLC | Reduced | -31.7k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -22.2k |
| UBS Group AG | Reduced | -18.7k |
| Noble Wealth Management PBC | Reduced | -15.6k |
| LPL Financial LLC | Reduced | -13.9k |
| MANGROVE PARTNERS IM, LLC | Sold out | -9.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $780.6k15.0k shares |
| CITADEL ADVISORS LLC | Reduced | $275.8k5.3k shares |
| SIMPLEX TRADING, LLC | Added | $36.4k700 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $26.0k500 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
+0.2 pts · filed 2026-08-03
Stated purposeOn July 30, 2026, Saba Capital enhanced its proposal to include the retention of a private credit manager as a potential subadviser for the proposed restructured Company (a BDC) to assist with the portfolio management of the BDC. Full filing |
32.2% |
| Sessa Capital (Master), L.P. 13G · passive investor new · filed 2025-05-15 | 5.5% |
Fell to 5% or below in the last year: MORGAN STANLEY (4.7%, 2026-05-11), LAZARD ASSET MANAGEMENT LLC (0.1%, 2026-02-17)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 2 | $563.4k | 0 | — | — |
| Q1 2025 | 3 | $3.6m | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $26.9k | — |
| Q1 2026 | 0 | — | 1 | $942.9k | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 9.39% of their portfolio | 5.9m $307.2m | Unchanged |
| Sessa Capital IM, L.P. 0.94% of their portfolio | 1.1m $54.6m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 889.8k $46.3m | Reduced -1.2k |
| Almitas Capital LLC 7.84% of their portfolio | 629.1k $32.7m | Added +103.5k |
| Uncommon Cents Investing LLC 4.61% of their portfolio | 408.8k $21.3m | Reduced -7.1k |
| Twelve Points Wealth Management LLC 3.43% of their portfolio | 329.3k $17.1m | Added +12.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 322.7k $16.8m | Reduced -22.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 292.8k $15.2m | Reduced -67.8k |
| SPROTT INC. 0.34% of their portfolio | 195.2k $10.2m | Reduced -5.0k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.94% of their portfolio | 144.6k $7.5m | Reduced -197 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.47% of their portfolio | 140.0k $7.3m | Unchanged |
| Cetera Investment Advisers 0.01% of their portfolio | 129.7k $6.8m | Reduced -372 |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.05% of their portfolio | 129.1k $6.7m | Unchanged |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 102.9k $5.4m | Reduced -3.0k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.06% of their portfolio | 102.5k $5.3m | Reduced -1.3k |
| Private Advisor Group, LLC 0.02% of their portfolio | 83.2k $4.3m | Added +1.5k |
| Altium Capital Management LLC 7.72% of their portfolio | 70.4k $3.7m | Added +18.2k |
| WS MANAGEMENT LLLP 0.43% of their portfolio | 70.0k $3.6m | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 1.07% of their portfolio | 66.8k $3.5m | Reduced -59.1k |
| Noble Wealth Management PBC 1.40% of their portfolio | 58.8k $3.1m | Reduced -15.6k |
| Quantedge Capital Pte Ltd 2.22% of their portfolio | 56.3k $2.9m | Added +28.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 46.1k $2.4m | Reduced -5.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 35.3k $1.8m | Added +4.2k |
| CSS LLC/IL 0.08% of their portfolio | 35.1k $1.8m | Added +6.7k |
| ZAZOVE ASSOCIATES LLC 0.14% of their portfolio | 32.7k $1.7m | Reduced -31.7k |
| PFG Investments, LLC 0.06% of their portfolio | 31.7k $1.6m | Reduced -42 |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 31.4k $1.6m | Reduced -40.6k |
| Burford Brothers, Inc. 0.52% of their portfolio | 27.2k $1.4m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 20.8k $1.1m | Added +16.1k |
| FLAX POND CAPITAL, LLC 0.40% of their portfolio | 19.0k $1.1m | Added +9.5k |
| EVOLVE PRIVATE WEALTH, LLC 0.06% of their portfolio | 18.5k $961.9k | Reduced -685 |
| Pekin Hardy Strauss, Inc. 0.08% of their portfolio | 17.6k $913.7k | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 15.2k $792.6k | Added +4.3k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 13.9k $722.7k | Reduced -665 |
| Marex Group Ltd 0.01% of their portfolio | 13.8k $718.2k | Reduced -400 |
| STEPHENS INC /AR/ 0.01% of their portfolio | 12.4k $643.9k | Added +122 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 12.1k $631.9k | Added +443 |
| LPL Financial LLC 0.00% of their portfolio | 11.4k $591.3k | Reduced -13.9k |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 10.7k $557.4k | Reduced -4.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 9.5k $496.6k | Reduced -44.2k |
| HRT FINANCIAL LP 0.00% of their portfolio | 8.7k $452.0k | New |
| TWIN FOCUS CAPITAL PARTNERS, LLC 0.04% of their portfolio | 8.1k $418.9k | Added +1.6k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 7.7k $402.0k | Added +420 |
| Fruth Investment Management 0.09% of their portfolio | 7.5k $390.0k | Unchanged |
| Wealthcare Advisory Partners LLC 0.01% of their portfolio | 7.3k $379.8k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.0k $362.3k | Reduced -574 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 6.4k $338.0k | Reduced -5.5k |
| Lido Advisors, LLC 0.00% of their portfolio | 6.4k $333.6k | Added +3.1k |
| DECISION INVESTMENTS, INC 0.30% of their portfolio | 6.3k $325.9k | Reduced -40 |
| HB Wealth Management, LLC 0.00% of their portfolio | 6.0k $310.9k | Reduced -462 |
| Tidal Investments LLC 0.00% of their portfolio | 6.0k $310.3k | New |
| TWO SIGMA SECURITIES, LLC 0.02% of their portfolio | 5.1k $263.8k | New |
| Cardinal Point Capital Management ULC 0.01% of their portfolio | 5.0k $260.2k | Unchanged |
| Creative Planning 0.00% of their portfolio | 4.9k $255.2k | Reduced -269 |
| DKM Wealth Management, Inc. 0.14% of their portfolio | 4.0k $208.2k | Unchanged |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 3.9k $204.4k | Unchanged |
| HM PAYSON & CO 0.00% of their portfolio | 3.0k $156.1k | Unchanged |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 1.3k $67.2k | Added +1 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 988 $51.4k | Reduced -612 |
| TRUST CO OF VERMONT 0.00% of their portfolio | 900 $46.8k | First filing |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 645 $33.6k | New |
| Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio | 500 $26.0k | Unchanged |
| WHI TRUST Co LLC 0.02% of their portfolio | 500 $26.0k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 443 $23.0k | First filing |
| UBS Group AG 0.00% of their portfolio | 407 $21.2k | Reduced -18.7k |
| Markowski Investments 0.00% of their portfolio | 300 $15.6k | First filing |
| Silver Grove Financial Group, Inc. 0.01% of their portfolio | 224 $11.7k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 201 $10.5k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 200 $10.0k | Unchanged |
| GHP Investment Advisors, Inc. 0.00% of their portfolio | 200 $10.4k | Reduced -300 |
| HAZLETT, BURT & WATSON, INC. 0.00% of their portfolio | 100 $5.0k | Unchanged |
| JFS WEALTH ADVISORS, LLC 0.00% of their portfolio | 28 $1.5k | Unchanged |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 20 $1.0k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 15 $781 | Reduced -791 |