Merk Investments’s AngloGold Ashanti AU Stock Holding History

Merk Investments’s Portfolio AU Stock Details AU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-275,000	Closed	-$12.5M	–	12
2025 Q2	$12.5M	Hold	275,000	–	–	5.09%	6
2025 Q1	$10.2M	Hold	275,000	–	–	5.57%	6
2024 Q4	$6.35M	Hold	275,000	–	–	6.52%	6
2024 Q3	$7.32M	Hold	275,000	–	–	6.93%	6
2024 Q2	$6.91M	Hold	275,000	–	–	7.71%	6
2024 Q1	$6.11M	Hold	275,000	–	–	6.81%	6
2023 Q4	$5.14M	Sell	275,000 -50,000	-15%	-$902K	5.47%	8
2023 Q3	$5.13M	Hold	325,000	–	–	5.8%	8
2023 Q2	$6.85M	Hold	325,000	–	–	5.44%	9
2023 Q1	$7.93M	Sell	325,000 -175,000	-35%	-$3.54M	6.89%	7
2022 Q4	$9.71M	Sell	500,000 -100,000	-17%	-$1.64M	8.79%	6
2022 Q3	$8.29M	Sell	600,000 -100,000	-14%	-$1.42M	8.16%	6
2022 Q2	$10.4K	Sell	700,000 -100,000	-13%	-$1.9M	2.33%	9
2022 Q1	$19.1M	Hold	800,000	–	–	10.63%	4
2021 Q4	$16.8M	Hold	800,000	–	–	11.47%	2
2021 Q3	$12.8M	Hold	800,000	–	–	9.69%	3
2021 Q2	$14.9M	Hold	800,000	–	–	9.71%	2
2021 Q1	$17.6M	Sell	800,000 -98,420	-11%	-$2.21M	10.99%	2
2020 Q4	$20.3M	Buy	+898,420	New	+$21.6M	10.93%	3

Other funds holding AU

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Ninety One Cape Town, South Africa $1.85B AUM 62.46% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Legal & General Group London, United Kingdom $432B AUM 29.4% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Merk Investments's AU Position: Q3 2025 in Review

Merk Investments sold out of AngloGold Ashanti (AU) in Q3 2025, closing a stake of 275,000 shares — an estimated $12.5M sold.

Merk Investments first reported a position in AU in Q4 2020 and held it in 19 quarters. The position peaked at $20.3M in Q4 2020. 430 funds tracked by Wall St. Rank hold AU as of Q3 2025.

Merk Investments reported no remaining AngloGold Ashanti position as of Q3 2025 after selling out during the quarter.
Merk Investments sold 275,000 AngloGold Ashanti shares in Q3 2025, an estimated $12.5M.
Merk Investments first reported a position in AngloGold Ashanti in Q4 2020 and held it in 19 quarters.
Merk Investments's AngloGold Ashanti position peaked at $20.3M in Q4 2020.
430 funds tracked by Wall St. Rank held AngloGold Ashanti as of Q3 2025.

Based on Merk Investments's 13F filing for Q3 2025, filed 14 Nov 2025.