Twelve Points Dumps 144K ASA Shares Worth $9.7 Million

By Pamela Kock – Updated Apr 14, 2026 at 8:22PM ESTKey PointsTwelve Points Wealth Management LLC sold 143,737 shares of ASA, an estimated $9.71 million transaction based on quarterly average pricing.The quarter-end value of the ASA position decreased by $8.84 million, reflecting both trading activity and share price movement.After the sale, the fund holds 317,179 ASA shares, valued at $19.67 million at quarter end.ASA now accounts for 4.33% of the fund’s AUM, down from 6.4% the previous quarter, placing it among the fund’s top five holdings.What happenedAccording to a filing with the Securities and Exchange Commission dated April 14, 2026, Twelve Points Wealth Management sold 143,737 shares of ASA Gold and Precious Metals Limited (ASA +1.84%) during the first quarter. The estimated value of the shares sold was $9.71 million, based on the average closing price for the quarter. The position’s value at quarter end fell by $8.84 million, reflecting both the reduction in shares held and the effect of share price changes.What else to knowThe fund’s ASA holding now represents 4.33% of 13F reportable AUM, following a sale that trimmed it from 6.4% the previous quarter.Top holdings as of March 31, 2026, include:NYSEMKT: BIL: $40.43 million (8.9% of AUM)NYSEMKT: FLTR: $25.54 million (5.6% of AUM)NYSEMKT: IOO: $24.34 million (5.4% of AUM)NYSEMKT: SRLN: $15.22 million (3.3% of AUM)As of April 13, 2026, ASA shares were priced at $68.07, up 128.9% over the past year, outperforming the S&P 500 by 100 percentage points.Company overviewMetricValuePrice (as of market close April 13, 2026)$68.07Market Capitalization$1.30 billionCompany snapshotASA Gold and Precious Metals Limited invests primarily in equities of companies involved in the exploration, mining, or processing of gold, silver, platinum, diamonds, and other precious minerals, as well as in select exchange-traded funds.ASA Gold and Precious Metals Limited uses fundamental analysis and a bottom-up approach to create its portfolio of precious metals-related securities.The company was founded in 1958 and is based in Portland, Maine, operating as a global investment manager in the precious metals sector.ASA Gold and Precious Metals Limited is a global investment manager specializing in the precious metals sector, with a focus on equity investments in mining and exploration companies. The firm's disciplined, research-driven strategy leverages both in-house and external analysis to identify value opportunities across global markets. Its long-standing presence and sector expertise provide investors with targeted access to precious metals equities and related assets.What this transaction means for investorsTwelve Points Wealth Management has positions in hundreds of companies and funds, and ASA Gold and Precious Metals Limited ranks as its fourth-largest holding. The recent sale of 143,737 brought it down from its previous position of No. 2. But aside from a bit of reshuffling, the institution’s core holdings remain relatively unchanged.ASA is a closed-end fund that focuses on, as the name suggests, gold and precious metals. It recently issued a $0.04 dividend distribution, an $0.01 increase from the previous quarter. This may signal a shift in the fund’s priorities from growth toward cash distribution. With the help of Cantor Fitzgerald, the fund is undergoing a strategic review that may result in structural or mandate changes, and the dividend increase may be a means of responding to shareholder pressure.That said, the share price of ASA is up 128.9% over the past year, though it’s down approximately 16% from its March 27 high. It’s possible growth could continue at that exceptional pace, though not likely -- and, as always, past performance is no guarantee of future returns. Investors may wish to wait and see what happens within the fund’s governance before choosing to change their position.Read NextApr 14, 2026 •By Andy GouldInsight Wealth Just Bought a $26.9 Million Opening Stake in VPLSApr 14, 2026 •By Pamela KockArvest Adds $3.1 Million Position in FTGC ETFApr 14, 2026 •By Andy GouldSNS Financial Buys $9.7 Million in BSCS Shares-- Is This Bond ETF Worth a Look?Apr 14, 2026 •By Andy GouldGradient Investments Dumps $15 Million Worth of UYLD -- What Investors Should KnowApr 14, 2026 •By Andy GouldThis Wealth Manager Just Made a $7 Million-Dollar Bet on BLCRApr 14, 2026 •By Jonathan PoncianoOne Fund Just Disclosed a New $5 Million Bet on a Defense Fund With 88% Industrials Exposure. Here's What to KnowAbout the AuthorPamela Kock ("cook") is a contributing analyst at The Motley Fool. She has worked as a copyeditor for The Motley Fool since 2021, where she has edited financial and SEO-driven content with a focus on clarity and accuracy. She holds a B.A. in English/Professional Writing from Wright State University. In addition, Pamela owns and operates an antique shop in a historic 19th-century building, where research is her favorite part.TMFPkockStocks MentionedAsa Gold And Precious MetalsNYSE: ASA$69.32(+1.84%)+$1.25*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.