business news6 Precious Picks (Via Sprott Asset Management)
Five out of the top six investments are silver.
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MINYANVILLE ORIGINAL Eric Sprott of Sprott Asset Management always has a large portion of his portfolio in basic materials, but it looks like he has been tweaking the portfolio.
Sprott's holdings have skewed even more toward silver over gold this quarter, and the recent 13F filing shows that he has dropped Eldorado Gold (EGO) entirely and reduced his position in Barrick Gold (ABX) compared to the filing for the previous quarter.
It comes as no surprise that five of the top six largest holdings, representing a third of the funds's total $762 million value, are silver.
Sprott Physical Silver Trust (PSLV)
Holdings: $65.555 million
First Majestic Silver Corp (AG)
Holdings: $64,295 million
Sprott Physical Gold Trust (PHYS)
Holdings: $58.633 million
Alexco Resource Corp (AXU)
Holdings: $31.937 million
Fortuna Silver Mines (FSM)
Holdings: $31.242 million
Coeur D'Alene Mines (CDE)
Holdings: $30.359 million
