First Majestic Silver Corp (AG), Vodafone Group Plc (ADR) (VOD) Among Sprott’s Largest Picks
Eric Sprott's Sprott Asset Management is another fund that in the latest round of 13F filings revealed its equity portfolio held at the end of the fourth quarter of 2013. The fund disclosed an equity portfolio worth $1.37 billion, which represent an increase from $942.55 million held at the end of September 2013. The largest portion of the fund's portfolio is invested in Exchange Traded Funds (over 50%). At the same time, the fund holds a significant amount (around 20%) invested in the Basic Materials sector.
From the Sprott's latest 13F, we have picked several companies in which the fund holds the largest long positions in terms of value. The first one is First Majestic Silver Corp (NYSE:AG), in which the fund holds 4.55 million shares, worth $44.62 million. The position remained almost unchanged over the quarter. First Majestic Silver Corp is a mining company engaged in acquiring and development of silver properties. The stock of the company has been losing ground and decreased by around 45% over the past year.
The second position is Fortuna Silver Mines Inc. (NYSE:FSM), in which Sprott revealed holding 9.02 million shares, worth $25.88 million. The stake was edged down by around 47,800 shares. Fortuna Silver is a small-cap mining company, also engaged in exploration and mining of silver.
In CGI Group Inc. (USA) (NYSE:GIB), the fund disclosed a $22.51 million stake, which amasses 672,700 shares. Sprott raised its exposure to the company by 230,600 shares during the fourth quarter, which significantly upped CGI Group's position in the fund's equity portfolio.
Vodafone Group Plc (ADR) (NASDAQ:VOD), comes in fifth, Sprott holding a total of 545,400 shares, up by 80% over the quarter. The value of the stake amounts to $21.44 million. Aside from Sprott, a shareholder with a much significant position is John Paulson's Paulson & Co, which at the end of September held 20.0 million shares of Vodafone Group Plc (ADR) (NASDAQ:VOD), upping the stake by a whooping 612% during the July-September period.