SEC 13F Intelligence

Managers / Q2 2019 · view latest →

GLOBAL STRATEGIC MANAGEMENT INC

CIK 0001413303 · PO BOX 9024106, SAN JUAN, PR, 00902-4106 · 410-224-2037

Reported Value
$115M
Q2 2019
Positions
31
Filings on Record
12
2019–present window
Filed
Aug 13, 2019
amendment (RESTATEMENT)

Summary

Global Strategic Management Inc reported $115M in U.S.-listed holdings across 31 positions for Q2 2019.

Its largest position, FNV, represents 16.4% of the portfolio.

Compared with Q1 2019, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+8.4%
vs prior filed quarter
Top-10 Concentration
+74.4%
share of reported value
Largest Position
+16.4%
Franco Nevada
New / Exited
4 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $102MQ4 ’18Q1 ’19: $106MQ2 ’19: $115MQ2 ’19Q3 ’19: $128MQ4 ’19: $65MQ4 ’19Q1 ’20: $49MQ2 ’20: $78MQ2 ’20Q3 ’20: $78MQ4 ’20: $85MQ4 ’20Q4 ’25: $120MQ1 ’26: $120MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.6%ADR: 5.3%REIT: 1.1%
  • Common Stock · 93.6% · $107M
  • ADR · 5.3% · $6M
  • REIT · 1.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABXBARRICK GOLD CORPORATIONNEW+1.63M1.63M+$5M$5M
TAT&T INCNEW+15.0K15.0K+$503,000$503,000
FS KKR CAPITAL CORPNEW+34.9K34.9K+$208,000$208,000
TKCTURKCELL ILETISIM HIZMETLERINEW+32.5K32.5K+$178,000$178,000
SASEABRIDGE GOLD INCADDED+38.3K48.3K+$529,000$653,000
PAASPAN AMERICAN SILVERADDED+106.2K203.5K+$1M$3M
BARRICK GOLD CORPORATIONSOLD OUT338.0K0$5M$0
COLLECTORS UNIVERSESOLD OUT54.9K0$958,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

29 positions
#IssuerClass% PortfolioValueShares
1FNVFRANCO-NEVADAhistory →COM16.38%$19M221.2K
2OREUROSISKO GOLDhistory →COM10.52%$12M1.16M
3RGLDROYAL GOLDhistory →COM10.37%$12M116.3K
4FORTUNA SILVERCOM6.36%$7M2.56M
5PRETIUM RESOURCESCOM5.79%$7M664.2K
6AEMAGNICO EAGLE MINES LTDhistory →COM5.66%$6M126.7K
7VGZVISTA GOLDhistory →COM5.19%$6M7.83M
8GFIGOLDFIELDShistory →NEW SPONSORED ADR5.16%$6M1.10M
9BTGB2GOLDhistory →COM4.63%$5M337.0K
10ABXBARRICK GOLD CORPORATIONhistory →COM4.31%$5M1.63M
11WPMWHEATON PRECIOUS METALShistory →COM3.59%$4M170.5K
12AAUAFALMADEN MINERALShistory →COM CL B3.57%$4M6.89M
13ARCCARES CAPITALhistory →COM2.81%$3M179.4K
14NEMNEWMONT MININGhistory →COM2.71%$3M81.0K
15EMXEMX ROYALTYhistory →COM2.39%$3M2.25M
16PAASPAN AMERICAN SILVERhistory →COM2.29%$3M203.5K
17GBDCGOLUB CAPITALhistory →COM1.28%$1M82.4K
18GAINGLADSTONE INVESTMENThistory →COM1.16%$1M118.7K
19LANDGLADSTONE LANDhistory →COM1.10%$1M109.5K
20LLOEWS CORPORATIONCOM0.85%$979,00017.9K
21SPROTT PHYSICAL GOLD TRUSTUNIT0.70%$803,00071.1K
22SASEABRIDGE GOLD INCCOM0.57%$653,00048.3K
23GLADSTONE CAPITALCOM0.40%$460,00049.2K
24FCXFREEPORT-MCMORAN INCCL B0.31%$360,00031.0K
25FS KKR CAPITAL CORPCOM0.18%$208,00034.9K
26TKCTURKCELL ILETISIM HIZMETLERISPON ADR NEW0.16%$178,00032.5K
27SPROTT PHYSICAL SILVER TRUNIT0.11%$131,00022.9K
28NXENEXGEN ENERGY LTDCOM0.11%$127,00082.0K
29KGCKINROSS GOLDCOM NO PAR0.10%$118,00030.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$120M25May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$120M27Feb 13, 202613F-HRchanges · EDGAR ↗
Q4 2020$85M36Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$78M29Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$78M31Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$49M34Apr 27, 202013F-HRchanges · EDGAR ↗
Q4 2019$65M34Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$128M37Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$115M31Aug 13, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$106M31May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$102M28Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.