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Merk Investments Portfolio holdings
AUM
$1.19M
Turnover
90.91%
1-Year Est. Return
12.94%
This Fund
S&P 500
This Quarter Est. Return
+3.39%
1 Year Est. Return
+12.94%
3 Year Est. Return
+377.8%
5 Year Est. Return
+384.11%
10 Year Est. Return
–
AUM
$1.19M
AUM Growth
-$312M
(-100%)
Cap. Flow
-$312M
Cap. Flow % of AUM
Cap. Flow %
-26,311.52%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
–
Increased
–
Reduced
1
Closed
10
Avg Time Held
2.3
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
2.3
years
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Americas Gold and Silver
USAS
|
+$91.5M |
| 2 |
ORLA
Orla Mining
ORLA
|
+$68.5M |
| 3 |
Equinox Gold
EQX
|
+$47.7M |
| 4 |
New Found Gold
NFGC
|
+$25.2M |
| 5 |
Metalla Royalty & Streaming
MTA
|
+$22.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 100% |
| 2 | Materials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
VanEck Merk Gold Trust
OUNZ
$2.5B
| $1.19M | 100% |
29,756
-38
| -0.1% | -$1.56K |
2024 Q2
9 quarters
|
|
2
Agnico Eagle Mines
AEM
$90.2B
| – | – |
-80,000
| Closed | -$12.4M | – |
|
3
Alamos Gold
AGI
$12B
| – | – |
-450,000
| Closed | -$13.7M | – |
|
4
B2Gold
BTG
$6.47B
| – | – |
-2,000,000
| Closed | -$7.48M | – |
|
|
5
Equinox Gold
EQX
$12.3B
| – | – |
-4,900,000
| Closed | -$47.7M | – |
|
6
Integra Resources
ITRG
$360M
| – | – |
-2,562,526
| Closed | -$5.81M | – |
|
|
7
Metalla Royalty & Streaming
MTA
$694M
| – | – |
-3,000,000
| Closed | -$22.8M | – |
|
|
8
New Found Gold
NFGC
$544M
| – | – |
-16,312,500
| Closed | -$25.2M | – |
|
|
ORLA
9
DELISTED
Orla Mining
ORLA
| – | – |
-7,000,000
| Closed | -$68.5M | – |
|
|
10
Americas Gold and Silver
USAS
$845M
| – | – |
-19,392,000
| Closed | -$91.5M | – |
|
11
Versamet Royalties Corp
VMET
$874M
| – | – |
-1,400,000
| Closed | -$17.2M | – |
|
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1IC
Merk Investments's Q3 2026 Portfolio in Review
As of Q3 2026, Merk Investments held 11 positions worth $1.19M, down 100% from $314M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Merk Investments withdrew a net $312M in Q3 2026, closing 10 positions and reducing 1 holding. Its most notable exit was Americas Gold and Silver, an estimated $91.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, up from 0.37% a quarter earlier, followed by Materials.
- Merk Investments's biggest Q3 2026 reduction was VanEck Merk Gold Trust, cutting an estimated $1.56K.
- Merk Investments fully exited Americas Gold and Silver in Q3 2026, selling an estimated $91.5M.
- Merk Investments's ten largest holdings make up 100% of its $1.19M portfolio in Q3 2026.
- Merk Investments opened 0 new positions and closed 10 in Q3 2026.
- Merk Investments's portfolio value fell 100% quarter-over-quarter to $1.19M.
Based on Merk Investments's 13F filing for Q3 2026, filed 13 Nov 2026.