Sprott Asset Management’s $231 Million Q3 Invesmtents: GDX, GDXJ, GLD

Wall St. Watchdog reveals information regarding Sprott Asset Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 8 stocks in the Financial sector at the end of the quarter with an aggregate market value of $231.192 million. Why is Gold Finding Support At This Level?

  • Sprott Physical Gold Trust Etv (NYSE:PHYS): On 06/30/2011, Sprott Asset Management reported holding 11,190,139 shares with a market value of $146,031,316. This comprised 19.15% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 7,567,139 shares with a market value of $106,166,958. This comprised 13.3% of the total portfolio. The net change in shares for this position over the two quarters is -3,623,000. About Company: Sprott Physical Gold Trust is a closed-end mutual fund trust. The Trust was created to invest and hold substantially all of its assets in physical gold bullion. Sprott intends to invest primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not does not anticipate making regular cash distributions to unitholders.
  • Market Vectors Gold Miners Etf (AMEX:GDX): On 06/30/2011, Sprott Asset Management reported holding 39,000 shares with a market value of $2,129,010. This comprised 0.28% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 703,200 shares with a market value of $38,809,607. This comprised 4.86% of the total portfolio. The net change in shares for this position over the two quarters is 664,200. About Company: Market Vectors Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Amex Gold Miners Index.
  • Ishares Silver Trust (AMEX:SLV): On 06/30/2011, Sprott Asset Management reported holding 952,800 shares with a market value of $32,242,752. This comprised 4.23% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 1,195,600 shares with a market value of $34,564,796. This comprised 4.33% of the total portfolio. The net change in shares for this position over the two quarters is 242,800. About Company: iShares Silver Trust is a trust formed to invest in silver. The assets of the trust consist primarily of silver held by the custodian on behalf of the trust. The objective of the trust is for the shares to reflect the price of silver owned by the trust, less the trust’s expenses and liabilities.
  • Market Vectors Junior Gold Miners Etf (AMEX:GDXJ): On 06/30/2011, Sprott Asset Management reported holding 468,000 shares with a market value of $16,136,640. This comprised 2.12% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 855,100 shares with a market value of $24,071,065. This comprised 3.01% of the total portfolio. The net change in shares for this position over the two quarters is 387,100. About Company: Market Vectors Junior Gold Miners ETF is an exchange traded fund incorporated in the USA. The Fund’s objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund’s benchmark index.
  • Ipath S&p 500 Vix Short-term Futures Etn (NYSE:VXX): On 06/30/2011, Sprott Asset Management reported holding 120,400 shares with a market value of $2,545,256. This comprised 0.33% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 212,000 shares with a market value of $11,314,440. This comprised 1.42% of the total portfolio. The net change in shares for this position over the two quarters is 91,600. About Company: iPath S&P 500 VIX Short-Term Futures ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, the S&P 500 Short-Term VIX Futures TR Index.
  • Sprott Resource Lending Corp. O (AMEX:SILU): On 06/30/2011, Sprott Asset Management reported holding 8,977,654 shares with a market value of $15,531,342. This comprised 2.04% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 8,977,654 shares with a market value of $11,132,291. This comprised 1.39% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Sprott Resource Lending Corp. provides financial services. The Company specializes in bridge and mezzanine lending to precious and base metals mining, exploration, and development companies and oil and gas companies on a global basis.
  • Primero Mining Corp (NYSE:PPP): On 06/30/2011, Sprott Asset Management reported holding 0 shares. On 09/30/2011, Sprott Asset Management reported holding 1,105,000 shares with a market value of $2,983,500. This comprised 0.37% of the total portfolio. The net change in shares for this position over the two quarters is 1,105,000. About Company: Pogo Producing Company explores for, develops, and produces oil and natural gas.
  • Spdr Gold Shares (NYSEARCA:GLD): On 06/30/2011, Sprott Asset Management reported holding 8,800 shares with a market value of $1,284,800. This comprised 0.17% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 13,600 shares with a market value of $2,149,616. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 4,800. About Company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

(Note: Data regarding Sprott Asset Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet