Trevor Steel
Fund ManagerCIO and co-founder of Baker Steel Capital Managers. Manager of the BakerSteel Global Precious Metals fund.
AngloGold Ashanti is 4% of fund net assets · as of 2026-05-31
10 tracked · Fund disclosure · Disclosure as of May 31, 2026 · Fact sheets, corporate
Trevor Steel is chief investment officer of Baker Steel Capital Managers. This page is the Electrum / Global Precious Metals factsheet book. Weights are fund weights, not issuer stakes.
Portfolio allocation
Holdings (10)
Published holdings · official % of fund NAV · not issuer ownership
AU 4.0%
Largest % of fund NAV
37.1%
Named share of fund NAV
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
- FUND DISCLOSUREFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)May 31, 2026
Named weighted holdings sum to 37.10% of the full book. About 62.90% remains in unnamed aggregate lines in the filing and is not listed here.
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Portfolio Intelligence
Portfolio Intelligence
Aggregated from this investor's disclosed positions. Methodology
Portfolio Gold Beta
Equal-weight average of cached stock-level gold beta values across disclosed holdings with available regression data.
Beta
1.34
R-squared
0.58
Coverage
100%
10 of 10 holdings, equal weight
Consensus Holdings
Holdings also disclosed by other tracked investors.
| Ticker | Company | Also held by |
|---|---|---|
| PAAS | Pan American Silver Corp. | 11 investors, Adrian Day, Don Durrett, Konwave Gold Equity Fund |
| CDE | Coeur Mining, Inc. | 8 investors, Don Durrett, James Luke, John Hathaway |
| EGO | Eldorado Gold Corporation | 8 investors, Commodity Discovery Fund, James Luke, John Hathaway |
| EQX | Equinox Gold Corp. | 8 investors, ASA Gold and Precious Metals, Don Durrett, James Luke |
| AU | AngloGold Ashanti plc | 7 investors, First Eagle Gold Fund, James Luke, Jim Rickards / Strategic Intelligence |
| IAG | IAMGOLD Corporation | 6 investors, John Hathaway, Konwave Gold Equity Fund, NewGen Asset Management |
| ARIS | Aris Mining Corporation | 5 investors, Don Durrett, Frank Giustra, Rick Rule |
| EXK | Endeavour Silver Corp. | 5 investors, Don Durrett, Lawrence Lepard, Sprott Inc. |
| SBSW | Sibanye Stillwater Limited | 3 investors, Goehring & Rozencwajg Associates, Sprott Inc., U.S. Global Investors |
| FNLPF | Fresnillo plc | 2 investors, Don Durrett, Ned Naylor-Leyland |
Similar Portfolios
Sprott Inc.
9 shared holdings
90% overlap
ARIS, AU, CDE, EGO, EQX, EXK
U.S. Global Investors
7 shared holdings
70% overlap
ARIS, AU, CDE, EXK, IAG, PAAS
Don Durrett
6 shared holdings
60% overlap
ARIS, CDE, EQX, EXK, FNLPF, PAAS
Konwave Gold Equity Fund
5 shared holdings
50% overlap
AU, EGO, EQX, IAG, PAAS
James Luke
4 shared holdings
40% overlap
AU, CDE, EGO, EQX
Filing Timeline
- May 31, 2026ARISAris Mining Corporation
3.8% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026AUAngloGold Ashanti plc
4.0% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026CDECoeur Mining, Inc.
3.9% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026EGOEldorado Gold Corporation
3.5% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026EQXEquinox Gold Corp.
3.7% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026EXKEndeavour Silver Corp.
3.4% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026FNLPFFresnillo plc
3.4% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026IAGIAMGOLD Corporation
3.4% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026PAASPan American Silver Corp.
4.0% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet) - May 31, 2026SBSWSibanye Stillwater Limited
4.0% of fund
Fund HoldingFund fact sheet · Fund top-10 holdings, as of 2026-05-31 (BakerSteel official factsheet)
Notable disclosed positions from fund fact sheets and public statements.