Todd Walker submits:

Paul Touradji has moved over 80% of the equity portion of his commodities-focused hedge fund’s portfolio into gold, according to Touradji Capital’s third quarter 2009 SEC filing. The firm opened a .67mm / 2,234,000 share position in Barrick Gold Corp (ABX) over the quarter, while dumping the .49mm / -126,000 share holding it had previously held in the streetTRACKS Gold Trust (GLD). The hedge fund also sold out of its iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (IEO) position, selling .61mm / 39,200 shares.

As of 9/30/2009, the firm held 85% (mm) of its US equity portfolio in basic materials/gold stocks. The rest of its portfolio was allocated to the energy sector (12% or mm), Industrials (1% or mm) and Financials (<1% or 0,000). Touradji Capital’s top holdings include:

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