Wisconsin-based Uncommon Cents Investing sold 77,370 shares of ASA in the fourth quarter, valued at $3.92 million. Post-transaction, the fund held 440,404 ASA shares worth $26.28 million, making it the fund’s top holding at 6.36% of AUM. ASA shares were at $63.48, up 189.9% in the past year.

Uncommon Cents Investing disclosed selling 77,370 ASA shares, reducing their position value by $2.56 million. ASA remained the fund’s top holding at 6.36% of AUM post-trade. ASA shares were up 189.9% in the past year, outperforming the S&P 500.

Uncommon Cents Investing remains committed to ASA despite trimming its position. ASA represents over 6% of the fund’s assets, with the next-largest holding less than half the size. ASA shares are trading at $63 with a NAV closer to $72, implying a discount of nearly 12%.

ASA Gold and Precious Metals Limited, the focus of Uncommon Cents Investing, is a specialized investment company with a track record dating back to 1958. Its portfolio includes global precious metals and mining equities, providing exposure to the precious metals sector worldwide.

Uncommon Cents Investing’s strategic trimming of ASA shares reflects risk management rather than a loss of conviction. With ASA as the largest position, the fund rebalanced exposure due to the stock’s rapid growth. ASA is a closed-end investment company targeting precious metals and mining equities.

Read more at Yahoo Finance: This Precious Metals Fund Is Up 190% This Past Year and Still a Top Holding Even After a $4 Million Sale