Thanks Canuck! This very informative source indicates that Oppenheimer liquidated 50 names from their portfolio recently. This was rather prescient of them given the sell-off last week. But they also added to 12 positions, SGR being one of them. Given that SGR represents 4.78% of their portfolio, they must be very optimistic about the future of San Gold.

On the flip side, it is interesting to note that US Global Investors Funds also liquidated a large percentatge of their portfolio including SGR but added heavily to Royal Gold. This purchase now represents a whopping 27.81% of their portfolio.

What I take from this is both fund managers have their preferences regarding which equity to own but more importantly, they both remain very bullish on GOLD.