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Merk Investments Portfolio holdings

AUM $368M
1-Year Est. Return 152.26%
This Fund
S&P 500
This Quarter Est. Return
+5.68%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$368M
AUM Growth
+$7.19M
Cap. Flow
-$14.5M
Cap. Flow %
-3.94%
Top 10 Hldgs %
99.58%
Holding
11
New
1
Increased
1
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
VMET
Versamet Royalties Corp
VMET
+$14.5M
2
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$531K

Top Sells

Rank Stock Value
1
USAS
Americas Gold and Silver
USAS
+$29.5M

Sector Composition

Rank Sector Weight
1 Materials 99.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USAS
1
Americas Gold and Silver
USAS
$1.63B
$101M 27.52%
19,392,000
-4,037,000
-17% -$29.5M
ORLA
2
DELISTED
Orla Mining
ORLA
$100M 27.18%
6,200,000
– –
EQX icon
3
Equinox Gold
EQX
$8.19B
$70.8M 19.24%
4,900,000
– –
AGI icon
4
Alamos Gold
AGI
$13B
$20M 5.43%
450,000
– –
MTA
5
Metalla Royalty & Streaming
MTA
$769M
$19.9M 5.41%
3,000,000
– –
AEM icon
6
Agnico Eagle Mines
AEM
$83.2B
$16.2M 4.41%
80,000
– –
VMET
7
Versamet Royalties Corp
VMET
$1.07B
$13.3M 3.61%
+1,400,000
New +$14.5M
BTG icon
8
B2Gold
BTG
$5.48B
$9.06M 2.46%
2,000,000
– –
NFGC
9
New Found Gold
NFGC
$588M
$8.88M 2.41%
4,750,000
– –
ITRG
10
Integra Resources
ITRG
$487M
$6.99M 1.9%
2,562,526
– –
OUNZ icon
11
VanEck Merk Gold Trust
OUNZ
$2.64B
$1.54M 0.42%
34,200
+11,333
+50% +$531K

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AYAL Capital Advisors Toronto, Ontario, Canada $369M AUM 39.67% 1-Year Est. Return
V
ValueWorks New York $367M AUM 59.38% 1-Year Est. Return
CWM
CCG Wealth Management San Diego, California $369M AUM 22.43% 1-Year Est. Return
NWM
Northcape Wealth Management Williamsville, New York $367M AUM 21.03% 1-Year Est. Return
CAM
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PCM
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LP
Lexington Partners New York $366M AUM 78.08% 1-Year Est. Return

Merk Investments's Q1 2026 Portfolio in Review

As of Q1 2026, Merk Investments held 11 positions worth $368M, up 2% from $361M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Merk Investments withdrew a net $14.5M in Q1 2026, reducing 1 holding. Its largest reduction was Americas Gold and Silver, cutting an estimated $29.5M.

By sector, the portfolio is most concentrated in Materials at 100% of assets, down from 100% a quarter earlier.

Against the trend, Merk Investments opened a new position in Versamet Royalties Corp worth $13.3M.

  • Merk Investments's largest Q1 2026 buy was Versamet Royalties Corp: 1,400,000 shares worth $13.3M.
  • Merk Investments added most to VanEck Merk Gold Trust in Q1 2026, an estimated $531K increase.
  • Merk Investments's biggest Q1 2026 reduction was Americas Gold and Silver, cutting an estimated $29.5M.
  • Merk Investments's ten largest holdings make up 100% of its $368M portfolio in Q1 2026.
  • Merk Investments opened 1 new position and closed 0 in Q1 2026.
  • Merk Investments's portfolio value rose 2% quarter-over-quarter to $368M.

Based on Merk Investments's 13F filing for Q1 2026, filed 18 May 2026.