Energy Transition Metal, Silver Equity & Metal Exploration Fund Holdings Update – H2.2022 and Attribution Analysis

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Toronto, Ontario–(Newsfile Corp. – November 15, 2022) – A Copy of the Full Report is Available at the Link Below:

https://mailchi.mp/mineralfunds/portfolio-holdings-battery-silver-and-exploration-funds-2022

This report details the most recent portfolio holdings for Energy Transition Metal, Silver Equity & Metal Exploration Focused Managed Funds and summarizes changes in portfolio holdings.

Energy Transition Metal, Silver Equity & Metal Exploration Focus Funds included in this report:

Domicile Fund Name Fund Fees Holdings Report
Energy Transition Metal Funds
Luxembourg Konwave Transition Metals Fund  Summary  Jun, 2022 
Luxembourg BAKERSTEEL Electrum Fund  Summary  Jun, 2022 
Luxembourg Structured Solutions Next Generation Resources  Summary  Jun, 2022 
Liechtenstein Industrial Metals Champions Fund  Summary  Jun, 2022 
USA Independent Capital Crucial Minerals Certificate  Summary  Dec, 2021 
           
Silver Equity Funds
Luxembourg STABILITAS Silber+Weissmetalle  Summary  Jun, 2022 
Canada Ninepoint Silver Equities Class  Summary  Jun, 2022 
Sweden AuAg Silver Bullet  Summary  Jun, 2022 
Liechtenstein Silver Plus Fund  Summary  Dec, 2021 
Liechtenstein SafePort Silver Mining Fund  Summary  Jun, 2022 
           
Exploration Focused Funds
Netherlands Commodity Discovery Fund  Summary  Jun, 2022 
Germany Earth Exploration Fund UI  Summary  Mar, 2022 

 

ATTRIBUTION ANALYSIS:

A portfolio holding ‘attribution analysis‘ is undertaken on the portfolios for the 2 leading funds in the fund sub-categories:
Energy Transition Metal Funds & Silver Equity Funds.

The analysis includes a list of companies which are new to a portfolio in the period ‘New Company Holdings’, and companies which have been eliminated from a portfolio during the period ‘Companies Divested’.

ENERGY TRANSITION METAL FUNDS

 Konwave Transition Metals Fund    BAKERSTEEL Electrum Fund 
     
30.Jun.2022 $366 M USD 30.Jun.2022 $273 M USD
       
New Company Holdings Companies Divested New Company Holdings Companies Divested
Allkem Ltd. Malachite Resources Ltd. Sandfire Resources Ltd. Firefinch Ltd.
Lake Resources NL Western Areas Ltd. Agnico Eagle Mines Ltd. Aclara Resources Inc.
Pacific Nickel Mines Ltd. Serengeti Resources, Inc. Nutrien Ltd. Capstone Mining Corporation
Pilbara Minerals Ltd. Turquoise Hill Resources Ltd. Pan American Silver Corporation First Quantum Minerals Ltd.
Adventus Mining Corp. Sociedad Quimica y M. de Chile LANXESS AG Nippon Light Mtl. Hld. Co. Ltd.
Atex Resources, Inc. Constellium S.E. First Tin Plc. Fresnillo Plc.
Blackrock Gold Corp. Lynas Corp. Ltd. Fluor Corporation Hochschild Mining Plc.
CVW Cleantech, Inc. Anglo American Plc. Newmont Corporation SolGold Plc.
Fib Mining Corp. Phoenix Global Mining Ltd. iCarbon Corporation Tronox Holdings Plc.
Los Andes Copper Ltd. Rio Tinto Plc. Knight Energy Corporation MP Materials Corporation
NGEx Minerals Ltd. Arconic Rolled Products Corp. Atalaya Mining Plc.
Northwest Copper Corp. Kaiser Aluminum Corp.
Standard Lithium Ltd.
Lynas Rare Earths Ltd.
Fresnillo Plc.
First Tin Plc.
Phoenix Copper Ltd.
Alcoa Corp.
MP Materials Corp.
Churchill’s Restaurant
Kootenay Energy, Inc.
Titanium Corp., Inc.
       
Largest Position: Largest Position:
First Quantum Minerals Ltd. (TSX: FM) 5.3% Glencore Plc. (LON: GLEN) 5.3%
       

 

ENERGY TRANSITION METAL FUNDS     ATTRIBUTION ANALYSIS

Konwave Transition Metals Fund
Konwave Transition Metals Fund is the world’s leading Energy Transition Metals Fund and started January 29th , 2021.

The Fund’s largest holding is First Quantum Minerals Ltd. (TSX: FM) representing 5.3% of the portfolio. First Quantum is the world’s sixth largest copper producer. The Fund has holdings in 93 listed companies as of June 2022 which is up from 83 holdings as of December 2021 and 67 listed company holdings as of June 2021. June 2021, when the Fund held only 67 positions, was only six months after the Fund’s inception, and since that time AUM have more than doubled from $189 M USD to $366 M USD.

The Fund is invested across copper, nickel, lithium and silver miners amongst others.

BAKERSTEEL Electrum Fund
BAKERSTEEL Electrum Fund is focused on specialty as well as precious metals and started October 11th , 2005.

The Fund’s largest holding is mining major Glencore Plc. (LON: GLEN) representing 5.3% of the portfolio. Both Electrum Fund and Konwave Transition Metals acquired new positions in First Tin Plc. (LON: 1SN). First Tin is a fast-developing, LSE Main Market listed mining and development company which produces sustainable, ethical and reliable tin in conflict-free, low political risk jurisdictions, to support the current global clean energy and technological revolutions, with an ethos to “leave no trace” on the environment.

‘Increasing Shareholding’ and ‘Decreasing Shareholding’ fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure. This portfolio analysis information is available to Substack subscribers only.

SILVER EQUITY FUNDS

 STABILITAS Silber+Weissmetalle   Ninepoint Silver Equities Class
       
30.Jun.2022 $147 M USD 30.Jun.2022 $105M USD
       
New Company Holdings Companies Divested New Company Holdings Companies Divested
Agnico Eagle Mines Ltd. Kirkland Lake Gold Ltd. Americas Gold & Silver Corp. Aclara Resources Inc.
Impala Platinum Holdings Arizona Metals Corporation
New Gold Inc.
       
Increasing Shareholding Decreasing Shareholding Increasing Shareholding Decreasing Shareholding
Silver Mines Ltd. West African Resources Ltd. Discovery Silver Corporation Apollo Gold & Silver Corp.
Gatos Silver Inc. Hecla Mining Co. GoGold Resources Inc. Capitan Mining Inc.
Hecla Mining Company Coeur Mining Inc.
Kootenay Silver Inc. Defiance Silver Corporation
Silver Mountain Resources Inc. Dolly Varden Silver Corporation
Triple Flag Precious Metals Corp. Empress Royalty Corporation
Hochschild Mining PLC.
Santacruz Silver Mining Limited
Silver Viper Minerals Corporation
SSR Mining Inc.
Victoria Gold Corporation
Vizsla Silver Corporation
       
Largest Position: Largest Position:
Wheaton Precious Metals Corp. (TSX: WPM) 9.7% Pan American Silver Corp. (TSX: PAAS) 10.5%
       

 

 SILVER EQUITY FUNDS     ATTRIBUTION ANALYSIS

STABILITAS Silber+Weissmetalle
STABILITAS Silber + Weissmetalle is the world’s largest Silver Equity Fund and started September 21st , 2006.

The Fund’s largest holding on 30th June 2022, comprising 9.7% of the portfolio, was Wheaton Precious Metals Corporation (TSX: WPM). Wheaton Precious Metals Corp. is a multinational streaming company receiving cash flows from assets throughout the Americas and Europe.

In the 6 months to June 2022, the STABILITAS Silber + Weissmetalle Fund recorded new positions in Agnico Eagle Mines Ltd. (TSX: AEM) and Impala Platinum Holdings Ltd. (JSE: IMP).

The new position in Agnico Eagle Mines Ltd. (TSX: AEM) resulted entirely from the company’s successful acquisition of Kirkland Lake Gold (TSX: KL), a transaction which was completed on February 8th, 2022. Prior to the acquisition the Fund had been a holder of Kirkland Lake Gold (TSX: KL) only.

The Fund increased positioning in Australian listed Silver Mines Ltd. (ASX: SVL), holder of Australia’s largest undeveloped silver project The Bowden Silver Project, and in Gatos Silver Inc. (TSX: GATO) which is a US based silver company focused on high-grade, large silver deposits in geopolitically stable jurisdictions. The Fund reduced positioning in West African Resources Ltd. (ASX: WAF) and Hecla Mining Co. (NYSE: HL).

The Fund increased positioning in 2 of 43 holdings and decreased positioning in 2 of 43 holdings over the period.

Ninepoint Silver Equities Fund
Ninepoint Silver Equities Fund is a leading Silver Equity Fund managed in Toronto which started January 31st , 2012.

The Fund’s largest holding on 30th June 2022, comprising 10.5% of the portfolio, was Pan American Silver Corporation (TSX: PAAS). Pan American Silver has mines and other projects in Mexico, Peru, Bolivia and Argentina.

In the 6 months to June 2022, Ninepoint Silver Equities Fund took up a new position in Americas Gold and Silver Corporation (TSX: USA) and divested from Aclara Resources Inc. (TSX: ARA), Arizona Metals Corporation (TSXV: AMC) and New Gold Inc. (TSX: NGD).

The Fund increased positioning in 6 of 49 holdings and decreased positioning in 12 of 49 holdings over the period.

‘Increasing Shareholding’ and ‘Decreasing Shareholding’ fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure. This portfolio analysis information is available to Substack subscribers only.

A complete list of Precious Metal Managed Funds and their respective portfolio holdings can be found at:

https://mineralfunds.com/gold-funds/

A complete list of Precious Metal Managed Funds and their respective portfolio holdings can be found at:
https://mineralfunds.com/gold-funds/

Reported by: Khadijah Samnani, Analyst     Supported By: Christopher Berlet BSc, CFA

For further information please contact:
(416) 525-6869
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144344