GLOBAL STRATEGIC MANAGEMENT INC Diversified Active

Location: San Juan, Puerto Rico

CIK: 0001413303 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: Aug 13, 2019

Total Value: $115M (100.0% shares, 0.0% debt)

Holdings (31)

FNV FRANCO-NEVADA 16.4%

Value $18.78M Shares 221,221 Share Price $84.89 * Est. Cost/Share $62.48 Unrealized @ Report Date +28.1%

— OSISKO GOLD 10.5%

Value $12.06M Shares 1,156,293 Share Price $10.43 Est. Cost/Share $8.74 Unrealized @ Report Date —

RGLD ROYAL GOLD 10.4%

Value $11.9M Shares 116,300 Share Price $102.30 Est. Cost/Share $76.98 Unrealized @ Report Date +33.1%

— FORTUNA SILVER 6.4%

Value $7.294M Shares 2,559,296 Share Price $2.85 Est. Cost/Share $3.40 Unrealized @ Report Date —

— PRETIUM RESOURCES 5.8%

Value $6.636M Shares 664,232 Share Price $9.99 Est. Cost/Share $8.45 Unrealized @ Report Date —

AEM AGNICO EAGLE MINES LTD 5.7%

Value $6.493M Shares 126,740 Share Price $51.23 * Est. Cost/Share $31.59 Unrealized @ Report Date +40.2%

VGZ VISTA GOLD 5.2%

Value $5.956M Shares 7,834,076 Share Price $0.76 Est. Cost/Share $0.51 Unrealized @ Report Date +48.1%

GFI GOLDFIELDS 5.2%

Value $5.92M Shares 1,098,300 Share Price $5.39 Est. Cost/Share $2.95 Unrealized @ Report Date +83.4%

BTG B2GOLD 4.6%

Value $5.307M Shares 336,963 Share Price $15.75 * Est. Cost/Share $2.08 Unrealized @ Report Date +16.5%

— BARRICK GOLD CORPORATION 4.3%

Value $4.946M Shares 1,632,200 Share Price $3.03 Est. Cost/Share $3.03 Unrealized @ Report Date —

WPM WHEATON PRECIOUS METALS 3.6%

Value $4.117M Shares 170,460 Share Price $24.15 * Est. Cost/Share $15.64 Unrealized @ Report Date +43.5%

AAUAF ALMADEN MINERALS 3.6%

Value $4.098M Shares 6,886,124 Share Price $0.60 * Est. Cost/Share $0.57 Unrealized @ Report Date -7.6%

ARCC ARES CAPITAL 2.8%

Value $3.219M Shares 179,448 Share Price $17.94 * Est. Cost/Share $8.36 Unrealized @ Report Date +16.0%

NEM NEWMONT MINING 2.7%

Value $3.106M Shares 80,962 Share Price $38.36 * Est. Cost/Share $26.88 Unrealized @ Report Date +19.2%

EMX EMX ROYALTY 2.4%

Value $2.741M Shares 2,246,548 Share Price $1.22 Est. Cost/Share $1.13 Unrealized @ Report Date —

PAAS PAN AMERICAN SILVER 2.3%

Value $2.628M Shares 203,525 Share Price $12.91 Est. Cost/Share $13.07 Unrealized @ Report Date -1.2%

GBDC GOLUB CAPITAL 1.3%

Value $1.468M Shares 82,360 Share Price $17.82 * Est. Cost/Share $9.00 Unrealized @ Report Date +3.4%

GAIN GLADSTONE INVESTMENT 1.2%

Value $1.335M Shares 118,673 Share Price $11.25 * Est. Cost/Share $4.68 Unrealized @ Report Date +18.5%

LAND GLADSTONE LAND 1.1%

Value $1.259M Shares 109,474 Share Price $11.50 Est. Cost/Share $11.57 Unrealized @ Report Date —

L LOEWS CORPORATION 0.9%

Value $979K Shares 17,919 Share Price $54.63 * Est. Cost/Share $45.70 Unrealized @ Report Date +16.4%

— FORTUNA SILVER 0.8%

Value $905K Shares 317,700 Share Price $2.85 Est. Cost/Share $3.40 Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TRUST 0.7%

Value $803K Shares 71,086 Share Price $11.30 Est. Cost/Share $10.46 Unrealized @ Report Date —

SA SEABRIDGE GOLD INC 0.6%

Value $653K Shares 48,300 Share Price $13.52 Est. Cost/Share $12.22 Unrealized @ Report Date +10.7%

T AT&T INC 0.4%

Value $503K Shares 15,000 Share Price $33.53 Est. Cost/Share — Unrealized @ Report Date —

— GLADSTONE CAPITAL 0.4%

Value $460K Shares 49,201 Share Price $9.35 Est. Cost/Share $7.38 Unrealized @ Report Date —

FCX FREEPORT-MCMORAN INC 0.3%

Value $360K Shares 31,000 Share Price $11.61 * Est. Cost/Share $10.68 Unrealized @ Report Date +0.3%

— FS KKR CAPITAL CORP 0.2%

Value $208K Shares 34,900 Share Price $5.96 Est. Cost/Share $5.96 Unrealized @ Report Date —

TKC TURKCELL ILETISIM HIZMETLERI 0.2%

Value $178K Shares 32,500 Share Price $5.48 Est. Cost/Share $5.16 Unrealized @ Report Date +6.2%

PSLV SPROTT PHYSICAL SILVER TR 0.1%

Value $131K Shares 22,900 Share Price $5.72 Est. Cost/Share $5.62 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 0.1%

Value $127K Shares 82,000 Share Price $1.55 Est. Cost/Share $1.67 Unrealized @ Report Date -5.8%

KGC KINROSS GOLD 0.1%

Value $118K Shares 30,600 Share Price $3.86 Est. Cost/Share $2.80 Unrealized @ Report Date +38.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FNV	FRANCO-NEVADA	221,221	$18.78M	16.4%	$84.89 *	$62.48	+28.1%	COM	351858105
—	OSISKO GOLD	1,156,293	$12.06M	10.5%	$10.43	$8.74	—	COM	68827L101
RGLD	ROYAL GOLD	116,300	$11.9M	10.4%	$102.30	$76.98	+33.1%	COM	780287108
—	FORTUNA SILVER	2,559,296	$7.294M	6.4%	$2.85	$3.40	—	COM	349915108
—	PRETIUM RESOURCES	664,232	$6.636M	5.8%	$9.99	$8.45	—	COM	74139C102
AEM	AGNICO EAGLE MINES LTD	126,740	$6.493M	5.7%	$51.23 *	$31.59	+40.2%	COM	008474108
VGZ	VISTA GOLD	7,834,076	$5.956M	5.2%	$0.76	$0.51	+48.1%	COM	927926303
GFI	GOLDFIELDS	1,098,300	$5.92M	5.2%	$5.39	$2.95	+83.4%	NEW SPONSORED ADR	38059T106
BTG	B2GOLD	336,963	$5.307M	4.6%	$15.75 *	$2.08	+16.5%	COM	11777Q209
—	BARRICK GOLD CORPORATION	1,632,200	$4.946M	4.3%	$3.03	$3.03	—	COM	067901108
WPM	WHEATON PRECIOUS METALS	170,460	$4.117M	3.6%	$24.15 *	$15.64	+43.5%	COM	962879102
AAUAF	ALMADEN MINERALS	6,886,124	$4.098M	3.6%	$0.60 *	$0.57	-7.6%	COM CL B	020283305
ARCC	ARES CAPITAL	179,448	$3.219M	2.8%	$17.94 *	$8.36	+16.0%	COM	04010L103
NEM	NEWMONT MINING	80,962	$3.106M	2.7%	$38.36 *	$26.88	+19.2%	COM	651639106
EMX	EMX ROYALTY	2,246,548	$2.741M	2.4%	$1.22	$1.13	—	COM	26873J107
PAAS	PAN AMERICAN SILVER	203,525	$2.628M	2.3%	$12.91	$13.07	-1.2%	COM	697900108
GBDC	GOLUB CAPITAL	82,360	$1.468M	1.3%	$17.82 *	$9.00	+3.4%	COM	38173M102
GAIN	GLADSTONE INVESTMENT	118,673	$1.335M	1.2%	$11.25 *	$4.68	+18.5%	COM	376546107
LAND	GLADSTONE LAND	109,474	$1.259M	1.1%	$11.50	$11.57	—	COM	376549101
L	LOEWS CORPORATION	17,919	$979K	0.9%	$54.63 *	$45.70	+16.4%	COM	540424108
—	FORTUNA SILVER	317,700	$905K	0.8%	$2.85	$3.40	—	Call	349915108
PHYS	SPROTT PHYSICAL GOLD TRUST	71,086	$803K	0.7%	$11.30	$10.46	—	UNIT	85207H104
SA	SEABRIDGE GOLD INC	48,300	$653K	0.6%	$13.52	$12.22	+10.7%	COM	811916105
T	AT&T INC	15,000	$503K	0.4%	$33.53	—	—	Put	00206R102
—	GLADSTONE CAPITAL	49,201	$460K	0.4%	$9.35	$7.38	—	COM	376535100
FCX	FREEPORT-MCMORAN INC	31,000	$360K	0.3%	$11.61 *	$10.68	+0.3%	CL B	35671D857
—	FS KKR CAPITAL CORP	34,900	$208K	0.2%	$5.96	$5.96	—	COM	302635107
TKC	TURKCELL ILETISIM HIZMETLERI	32,500	$178K	0.2%	$5.48	$5.16	+6.2%	SPON ADR NEW	900111204
PSLV	SPROTT PHYSICAL SILVER TR	22,900	$131K	0.1%	$5.72	$5.62	—	UNIT	85207K107
NXE	NEXGEN ENERGY LTD	82,000	$127K	0.1%	$1.55	$1.67	-5.8%	COM	65340P106
KGC	KINROSS GOLD	30,600	$118K	0.1%	$3.86	$2.80	+38.7%	COM NO PAR	496902404