Deutsche Bank Discloses Equity Positions in Fifty Gold and Silver Mining Companies.
Top Three Holdings: Newmont Mining ($278.7 million) Barricks ($240.5 million) and Gold Corp ($196 million)
Deutsche Bank Gold and Silver Mining Holdings are Twice the Size of the Swiss National Bank’s Mining Holdings
Shareholdings in Barricks increased 53% since December 31, 2015.
Other Deutsche Bank holdings include First Majestic ($44.9 million) and Sprott’s Physical Gold and Silver Funds ($268K)
Please book mark this page as further information about current, prior and subsequent Deutsche Bank SEC filings and shareholding will be added.
Today German banking giant, Deutsche Bank AG (DB) filed its Form 13-F with the United States Securities and Exchange Commission. In that filing, DB disclosed that as of June 30, 2016, its investment management affiliates*, owned approximately $2 Billion in gold and silver mining shares**.
Set forth below are the names of the top twenty-five gold and silver mining companies owned by the Swiss National Bank as of June 30, 2016 and their values as of August 15, 2016, as well as the holdings of Deutsche Bank and their values.
Swiss National Bank vs. Deutsche Bank Mining Share Holdings
DB holds all of the Swiss National Bank’s top twenty-five silver and gold mining companies, but in larger amounts, approximately 40% more.
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DB disclosed ownership in a total of fifty gold and silver mining companies, including a nearly quarter of a billion dollar position in Barricks as well as large positions in Anglo Mining, Rand Gold and Hecla Mining.
As of June 30, 2016, Deutsche Bank held substantial positions in Barricks and Rand Gold.
Click here for a complete list and changes in DB’s gold and silver mining share holdings from 12/31/15- 6/30/16.
DB share data from sec.gov, share prices, shares outstanding/float from Yahoo Finance.
Note: the share amounts filed with the Securities and Exchange Commission by Deutsche Banks and the Swiss National Bank are subject to the following caveat by the SEC: “The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete.”
Deutsche Bank Affiliated Investment Entities
* Deutsche Bank Trust Co Americas, BT ALEX BROWN INC, Deutsche Asset Management Investmentgesellshaft, DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC,RREEF AMERICA LLC, Deutsche Bank (Suisse) SA,DEUTSCHE BANK NATIONAL TRUST CO, Deutsche Bank Trust CO Delaware, Deutsche Bank Trust Company, National Association, Oppenheim Asset Management Services S.a.r.l, Abbey Life Assurance Co Ltd.,Deutsche Asset Management (UK) Ltd
The filing does not make clear which DB entities are the holders of the shares. For example, all of DB’s Goldcorp holdings are shown, but without attribution to the affiliated DB investment manager:
GOLDCORP INC NEW 2,600 SH
GOLDCORP INC NEW 321,669 SH
GOLDCORP INC NEW 2,362,258 SH
GOLDCORP INC NEW 1,011,928 SH
GOLDCORP INC NEW 10,000 SH
GOLDCORP INC NEW 48,900 SH
GOLDCORP INC NEW 6,648,110 SH
**all values asssume prices as of August 15, 2016.
Further Reading:
DEUTSCHE BANK SETTLES GOLD PRICE MANIPULATION CASE
DEUTSCHE BANK SETTLES SILVER PRICE MANIPULATION CASE
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The chart below was originally published with an error in the calculation in the number of shares of Franco Nevada and Royal Gold held by DB. It is provided for comparison sake:
DB holds all of the Swiss National Bank’s top twenty-five silver and gold mining companies, but in larger amounts, approximately 40% more.
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