This Gold Stock Is Up 140%. One Investor Has Made It a 15% Portfolio Holding

Vazirani Asset Management disclosed a new, sizable position in Allied Gold via an SEC 13F filing, buying 148,400 shares (estimated $4.48M) and bringing the post-trade stake to about $6.40M — roughly 14.8–15% of its reportable assets. The move is framed as a bet on the continuing gold rally and on producers converting higher bullion prices into stronger cash flow; Allied has reported stronger Q1 production (96,016 oz, +14% YoY), revenue of $394.1M, and $424.2M cash. The stock has rallied over 140% in the past year, materially outperforming the S&P 500. The filing signals institutional conviction in gold exposure, which could bolster investor interest in gold producers, though geopolitical and operational risks in West and East Africa remain key downside considerations.