Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Asa Gold and Precious Mtls L (ASA)

75 + Investors. Track Smart Money conviction in ASA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
43%

Smart Money Signals — ASA

Based on 75 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
75 hedge funds hold ASA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +32% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+32% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 43% buying

30 buying39 selling
Last quarter: 39 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 9 → 12 → 20 → 12. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 17% medium ■ 29% new
40 out of 75 hedge funds have held ASA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

8 → 9 → 12 → 20 → 12 new funds/Q
New funds entering each quarter: 9 → 12 → 20 → 12. A growing number of institutions are discovering ASA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 9% 1-2yr ■ 32% new
Of 79 current holders: 47 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
10 of 75 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ASA

In 2026 Q1, 30 hedge funds were net buyers of ASA (12 opened a new position, 18 added to an existing one), while 39 reduced or exited (27 trimmed, 12 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 75.

Hedge Fund Ownership: ASA

How many hedge funds hold ASA — quarterly history vs. share price
Quarterly hedge fund ownership of ASA vs. share price

Market Analysis: ASA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ASA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Asa Gold and Precious Mtls L (ASA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ASA has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
ASA
-1.1%
XLF
+1220.3%

ASA outperformed XLF by -1221.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
ASA
-5.2%
XLF
+4.8%

Since the filing became public, ASA outperformed XLF by -10.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: ASA
75 + Investors

Track Smart Money conviction in ASA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 75 75 -
13F Shares 12M 11M 4.76%
Total Value $729M $683M 6.78%
New Positions 12 20 -8
Increased Positions 18 12 +6
Closed Positions 12 11 +1
Reduced Positions 25 24 +1
Total Calls 2 2 -
Total Puts 2 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: ASA

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Institutional Holders (2026 Q1)

75 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ASA. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ASA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Saba Capital Management, L.P. 10.12% 5,903,701 $366.2M
2 Altium Capital Management LLC 7.71% 52,219 $3.2M
3 Almitas Capital LLC 7.37% 525,666 $32.6M
4 Uncommon Cents Investing LLC 5.99% 415,914 $25.8M
5 Twelve Points Wealth Management LLC 4.33% 317,179 $19.7M
6 Thomas J. Herzfeld Advisors, Inc. 2.66% 125,885 $7.8M
7 Noble Wealth Management PBC 2.32% 74,397 $4.6M
8 Blue Bell Private Wealth Management, LLC 1.29% 144,765 $9.0M
9 Sessa Capital IM, L.P. 1.18% 1,050,000 $65.1M
10 Quantedge Capital Pte Ltd 0.93% 27,547 $1.7M
11 Burford Brothers, Inc. 0.69% 27,210 $1.7M
12 Verdad Advisers, LP 0.63% 9,081 $563K
13 Landscape Capital Management, L.L.C. 0.55% 139,975 $8.7M
14 Flax Pond Capital, LLC 0.47% 9,504 $590K
15 Decision Investments, Inc 0.44% 6,302 $391K
16 Ws Management Lllp 0.38% 70,000 $4.3M
17 Sprott INC. 0.36% 200,183 $12.4M
18 DKM Wealth Management, Inc. 0.18% 4,001 $248K
19 Zazove Associates LLC 0.16% 31,655 $1.9M
20 Pekin Hardy Strauss, Inc. 0.11% 17,558 $1.1M
21 PFG Investments, LLC 0.09% 31,731 $2.0M
22 Css LLC/Il 0.08% 28,384 $1.8M
23 Royce & Associates LP 0.06% 105,887 $6.6M
24 Evolve Private Wealth, LLC 0.06% 19,168 $1.2M
25 Mangrove Partners IM, LLC 0.05% 9,789 $607K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Asa Gold and Precious Mtls L (ASA)

What does the Smart Money Trend signal show for ASA?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for ASA?

More sellers than buyers — 43% buying: Last quarter: 39 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ASA holders?

Smaller funds dominant — 12% AUM from top-100: 10 of 75 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ASA?

53% of holders stayed for 2+ years: 40 out of 75 hedge funds have held ASA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Asa Gold and Precious Mtls L (ASA) following the 2026 Q1 hedge fund 13F filings?

As of today, ASA has moved -5.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -10.0%. Since the quarter end (March 31, 2026), ASA has gained -1.1% vs +1220.3% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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