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Adrian Day Asset Management
Adrian Day Asset Management, founded 1990, specializes in natural resources and precious metals investing, led by Adrian Day from Annapolis, MD.
Adrian Day Asset Management
Adrian Day founded the eponymous investment firm in 1990, building a track record in natural resources investing. Day, who holds a degree in economics and has written for financial publications, aimed to fill a gap in dedicated resource-focused asset management. The firm operates from Annapolis, Maryland. Strategy centers on long-only equity investing in precious metals, base metals, and energy, with a bias toward smaller producers and explorers. The firm typically holds 20–40 positions in concentrated portfolios, using fundamental analysis on reserves, management, and geopolitical risk. Geographic exposure spans North America, Australia, and Africa, with named holdings including companies like Royal Gold and Franco-Nevada (per public filings). The firm does not use leverage or derivatives for speculative purposes. Assets under management are not publicly disclosed, though the firm remains a niche player relative to larger resource-focused funds. The team size is not specified. There is no public record of recent operational events in the last 24 months. Day also authors the Adrian Day Market Analysis newsletter, providing commentary on the sector. A structural differentiator is the firm's concentrated, high-conviction approach in a specialized sector, combined with its long tenure. Day's personal investment alongside clients aligns interests. The firm does not market broadly, relying on reputation and performance within the resource investment community.
General information
Firm type
Asset Manager
Year founded
1990
AUM
Undisclosed (Altss estimate)
Location
Region
North America
Country
United States
City
Annapolis
Corporate office
Annapolis, MD, United States
Principals
Adrian Day
President & Chief Investment Officer
Sector focus
Frequently asked questions
Who makes investment decisions at Adrian Day Asset Management?
Adrian Day, as President and CIO, is responsible for portfolio management and investment decisions. He has led the firm since its founding in 1990.
What investment strategy does the firm employ?
The firm uses long-only equity investing focused on natural resources, particularly precious metals and mining companies. Portfolios are concentrated with 20–40 positions, selected through fundamental analysis of reserves, management teams, and geopolitical factors.
What types of companies does Adrian Day invest in?
The firm targets publicly traded resource companies, with an emphasis on small- to mid-cap miners and explorers in precious metals, base metals, and energy. It has held positions in royalty and streaming companies like Royal Gold and Franco-Nevada.
Does the firm invest globally?
Yes, geographic exposure includes North America, Australia, and Africa, focusing on regions with significant mining activity. The firm tailors exposure based on opportunity set.
Is Adrian Day Asset Management a family office or a registered investment advisor?
The firm is an SEC-registered investment advisor (RIA) serving individual and institutional clients. It is not structured as a family office.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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