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Sun Valley Gold LLC

SEC CIK
0001280493
Latest filing
Nov 13, 2024

The latest 13F from Sun Valley Gold LLC covers Q3 2024 (filed Nov 13, 2024): 3 long positions worth $63.2M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Perpetua Resources Corp. (PPTA) at 44.1%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 2024: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
0
Reduced
2
Est. −$16.0M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. PPTAPerpetua Resources Corp.
    44.1%$27.9MHistory
  2. GAUGaliano Gold Inc.
    31.4%$19.8MHistory
  3. VGZVista Gold Corp
    24.5%$15.5MHistory

Biggest buys

New and added positions, by estimated amount bought

None this quarter.

Largest weight increases

New and added positions, by percentage points of the portfolio gained

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PPTAPerpetua Resources Corp.
    −$16.0MReducedHistory
  2. GAUGaliano Gold Inc.
    −$81.0KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GAUGaliano Gold Inc.
    −10.35 pp41.8% → 31.4%History

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$63.2M
+$5.73M (+10.0%) vs. prior quarter
Positions
3
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q3 2024, one quarter
Average holding period
15.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $286.5M (Q2 2021)

Q1 2021: $239.0MQ2 2021: $286.5MQ3 2021: $235.4MQ4 2021: $213.0MQ1 2022: $192.6MQ2 2022: $139.7MQ3 2022: $121.2MQ4 2022: $146.4MQ1 2023: $159.1MQ2 2023: $156.4MQ3 2023: $101.0MQ4 2023: $40.1MQ1 2024: $51.4MQ2 2024: $57.4MQ3 2024: $63.2M
Q1 2021Q3 2024
13F filings of Sun Valley Gold LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Nov 13, 20243$63.2MPPTAGAUVGZvs. Q2 2024SEC
Q2 2024Aug 14, 20243$57.4MPPTAGAUVGZvs. Q1 2024SEC
Q1 2024May 14, 20243$51.4MGAUPPTAVGZvs. Q4 2023SEC
Q4 2023Feb 12, 20244$40.1MPPTAGAUVGZvs. Q3 2023SEC
Q3 2023Nov 13, 202310$101.0MNEMPPTAGAUvs. Q2 2023SEC
Q2 2023Aug 14, 202311$156.4MNEMOrla MNG Ltd NewVanEck ETF Trustvs. Q1 2023SEC
Q1 2023May 12, 20239$159.1MOrla MNG Ltd NewPPTAVanEck ETF Trustvs. Q4 2022SEC
Q4 2022Feb 13, 202311$146.4MOrla MNG Ltd NewVanEck ETF TrustSIIvs. Q3 2022SEC
Q3 2022Nov 14, 202212$121.2MOrla MNG Ltd NewSIISilvercrest Metals Incvs. Q2 2022SEC
Q2 2022Aug 12, 202210$139.7MPPTASIIGold STD Ventures Corpvs. Q1 2022SEC
Q1 2022May 16, 202210$192.6MSIISilvercrest Metals IncGold STD Ventures Corpvs. Q4 2021SEC
Q4 2021Feb 14, 202212$213.0MAGIORSIIvs. Q3 2021SEC
Q3 2021Nov 15, 202114$235.4MAGIORPPTAvs. Q2 2021SEC
Q2 2021Aug 16, 202113$286.5MPretium Res IncAGIPPTAvs. Q1 2021SEC
Q1 2021May 14, 202113$239.0MAGIPretium Res IncGAU–SEC

13D and 13G filings

Companies where Sun Valley Gold LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Sun Valley Gold LLC does not currently report owning 5% or more of any company.

Latest filings

24 filings on file made by Sun Valley Gold LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Sun Valley Gold LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
VGZVista Gold CorpFeb 5, 20262:52 PM ET13G/A3.00%3.56M shares−9.70 ppfrom 12.70%Below 5%Dec 31, 2025SEC
VGZVista Gold CorpNov 13, 20259:59 PM ET13G/A12.70%15.9M shares−0.50 ppfrom 13.20%Sep 30, 2025SEC
AXREFAmarc Resources LtdNov 13, 20259:56 PM ET13G/A0.00%0 shares0.00 ppfrom 0.00%Below 5%Sep 30, 2025SEC
AXREFAmarc Resources LtdNov 13, 20259:49 PM ET13G/A0.00%0 shares–Below 5%Sep 30, 2025SEC
GAUGaliano Gold Inc.Aug 13, 20258:20 PM ET13G/A2.80%7.15M shares–Below 5%Jun 30, 2025SEC
VGZVista Gold CorpAug 13, 20258:17 PM ET13G/A13.20%16.5M shares−3.00 ppfrom 16.20%Jun 30, 2025SEC
VGZVista Gold CorpFeb 14, 20251:42 PM ET13G/A16.20%19.9M shares–Dec 31, 2024SEC
PPTAPerpetua Resources Corp.Nov 13, 202413G/AOld format–––SEC
GAUGaliano Gold Inc.Nov 13, 202413G/AOld format–––SEC
GAUGaliano Gold Inc.Feb 5, 202413G/AOld format–––SEC
PPTAPerpetua Resources Corp.Feb 5, 202413G/AOld format–––SEC
FFMGFFirst Mining Gold Corp.Feb 5, 202413G/AOld format–––SEC
VGZVista Gold CorpMar 13, 202313DOld format–––SEC
PPTAPerpetua Resources Corp.Feb 13, 202313G/AOld format–––SEC
FFMGFFirst Mining Gold Corp.Feb 13, 202313G/AOld format–––SEC
VGZVista Gold CorpFeb 8, 202213G/AOld format–––SEC
Gold Standard Ventures Corp.Feb 8, 202213G/AOld format–––SEC
PPTAPerpetua Resources Corp.Feb 8, 202213GOld format–New–SEC
FFMGFFirst Mining Gold Corp.Feb 8, 202213GOld format–New–SEC
Gold Standard Ventures Corp.Apr 20, 202113G/AOld format–––SEC