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
42%

Smart Money Signals — ASA

Based on 76 hedge funds · latest filing: 2026 Q2 · 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
76 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.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 42% buying

28 buying39 selling
Last quarter: 39 funds reduced or exited vs 28 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.
➡️

Steady new buyers — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 20 → 12 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 16% medium ■ 26% new
44 out of 76 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.
📊

Peak discovery — momentum slowing

10 → 12 → 20 → 12 → 10 new funds/Q
New funds entering each quarter: 12 → 20 → 12 → 10. ASA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 60% veterans vs 32% newcomers

■ 60% veterans ■ 8% 1-2yr ■ 32% new
Entry-cohort mix of 78 holders: 47 (60%) are 2+ year veterans, 6 entered 1–2 years ago, and 25 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
9 of 76 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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 Q2, 28 hedge funds were net buyers of ASA (10 opened a new position, 18 added to an existing one), while 39 reduced or exited (29 trimmed, 10 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 76.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.4
/ 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 Q2) Prior (2026 Q1) Change
Funds Holding 75 76 -1.32%
13F Shares 12M 12M -2.51%
Total Value $603M $731M -17.42%
New Positions 10 12 -2
Increased Positions 16 18 -2
Closed Positions 11 12 -1
Reduced Positions 29 25 +4
Total Calls 2 2 -
Total Puts 0 2 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: ASA

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Institutional Holders (2026 Q2)

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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Saba Capital Management, L.P. 7.88% 5,903,701 $307.2M
2 Almitas Capital LLC 7.84% 629,121 $32.7M
3 Altium Capital Management LLC 7.72% 70,390 $3.7M
4 Uncommon Cents Investing LLC 4.61% 408,849 $21.3M
5 Twelve Points Wealth Management LLC 3.43% 329,331 $17.1M
6 Quantedge Capital Pte Ltd 2.22% 56,347 $2.9M
7 Noble Wealth Management PBC 1.37% 58,841 $3.1M
8 Thomas J. Herzfeld Advisors, Inc. 1.07% 66,761 $3.5M
9 Blue Bell Private Wealth Management, LLC 0.94% 144,568 $7.5M
10 Sessa Capital IM, L.P. 0.91% 1,050,000 $54.6M
11 Burford Brothers, Inc. 0.52% 27,210 $1.4M
12 Landscape Capital Management, L.L.C. 0.47% 139,975 $7.3M
13 Flax Pond Capital, LLC 0.47% 9,504 $590K
14 Sprott INC. 0.32% 195,183 $10.2M
15 Ws Management Lllp 0.32% 70,000 $3.6M
16 Decision Investments, Inc 0.30% 6,262 $326K
17 Zazove Associates LLC 0.14% 32,655 $1.7M
18 DKM Wealth Management, Inc. 0.14% 4,001 $208K
19 Pekin Hardy Strauss, Inc. 0.08% 17,558 $914K
20 Css LLC/Il 0.07% 35,107 $1.8M
21 PFG Investments, LLC 0.06% 31,689 $1.6M
22 Evolve Private Wealth, LLC 0.06% 18,483 $962K
23 Royce & Associates LP 0.04% 102,887 $5.4M
24 Twin Focus Capital Partners, LLC 0.04% 8,050 $419K
25 Two Sigma Securities, LLC 0.02% 5,069 $264K
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 — 42% buying: Last quarter: 39 funds reduced or exited vs 28 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 — 11% AUM from top-100: 9 of 76 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ASA?

58% of holders stayed for 2+ years: 44 out of 76 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.

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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