The only top-10 holdings that are non-gold stocks are a $126 million stake in
Tocqueville International Value Fund
, oil-industry giant
, at $99 million, and industrial conglomerate
, at $91 million or just under 1% of the fund.
Five of the fund's biggest buys in the quarter were also gold stocks. The largest was
, which rose $6.6 million due to a share purchase of 4.75 million shares and price appreciation, followed by
The fund closed out a $34 million position in
as it was bought by New Gold in April, and it sold out its $22 million position in
Hedge funds that manage more than $100 million are required to disclose their equity holdings, options and convertible debt on a Form 13F filed to the Securities and Exchange Commission within 45 days of the end of a quarter. Funds aren't required to report short positions betting on declines.