MI
USAS

Merk Investments’s Americas Gold and Silver USAS Stock Holding History

Merk Investments’s Portfolio USAS Stock Details USAS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$91.5M Hold
19,392,000
– – 29.2% 1
2026
Q1 		$101M Sell
19,392,000
-4,037,000
-17% -$29.5M 27.52% 1
2025
Q4 		$120M Sell
23,429,000
-2,250,000
-9% -$10.1M 33.2% 1
2025
Q3 		$95.5M Sell
25,679,000
-2,781,411
-10% -$7.27M 29.4% 1
2025
Q2 		$57.5M Hold
28,460,411
– – 23.35% 2
2025
Q1 		$38.1M Buy
28,460,411
+27,360,000
+2,486% +$34.8M 20.75% 2
2024
Q4 		$1.05M Buy
1,100,411
+20,000
+2% +$20.3K 1.08% 9
2024
Q3 		$822K Hold
1,080,411
– – 0.78% 10
2024
Q2 		$660K Hold
1,080,411
– – 0.74% 11
2024
Q1 		$591K Hold
1,080,411
– – 0.66% 13
2023
Q4 		$678K Sell
1,080,411
-78,761
-7% -$54.2K 0.72% 13
2023
Q3 		$1.03M Sell
1,159,172
-681,388
-37% -$652K 1.17% 12
2023
Q2 		$20.2M Hold
1,840,560
– – 15.99% 2
2023
Q1 		$2.2M Hold
1,840,560
– – 1.91% 12
2022
Q4 		$2.62M Hold
1,840,560
– – 2.37% 11
2022
Q3 		$1.9M Hold
1,840,560
– – 1.87% 12
2022
Q2 		$3.18M Hold
1,840,560
– – 0.72% 12
2022
Q1 		$4.99M Hold
1,840,560
– – 2.78% 11
2021
Q4 		$3.71M Hold
1,840,560
– – 2.54% 12
2021
Q3 		$3.67M Hold
1,840,560
– – 2.78% 12
2021
Q2 		$6.96M Hold
1,840,560
– – 4.55% 9
2021
Q1 		$10.4M Buy
1,840,560
+362,000
+24% +$2.39M 6.53% 8
2020
Q4 		$11.8M Hold
1,478,560
– – 6.37% 9
2020
Q3 		$9.71M Buy
1,478,560
+688,560
+87% +$5.09M 5.84% 7
2020
Q2 		$7.92M Hold
790,000
– – 5.67% 7
2020
Q1 		$2.22M Buy
790,000
+200,000
+34% +$1.25M 2.27% 13
2019
Q4 		$6M Buy
+590,000
New +$4.21M 3.9% 11

Other funds holding USAS

T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $83.9B AUM 60.43% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $52.8B AUM 58.98% 1-Year Est. Return
AA
ALPS Advisors Denver, Colorado $21.3B AUM 23.41% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return
NAM
NewGen Asset Management Toronto, Ontario, Canada $243M AUM 86.06% 1-Year Est. Return
Franklin Resources
Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return
USGIU
U.S. Global Investors (USGI) San Antonio, Texas $1.04B AUM 73.31% 1-Year Est. Return

Merk Investments's USAS Position: Q2 2026 in Review

Merk Investments held its Americas Gold and Silver (USAS) position steady in Q2 2026 at 19,392,000 shares worth $91.5M. The position accounts for 29.2% of the portfolio, ranked #1.

Merk Investments first reported a position in USAS in Q4 2019 and has held it in 27 quarters since. The position peaked at $120M in Q4 2025. 154 funds tracked by Wall St. Rank hold USAS as of Q2 2026.

  • Merk Investments held 19,392,000 shares of Americas Gold and Silver worth $91.5M as of Q2 2026.
  • Merk Investments left its Americas Gold and Silver share count unchanged in Q2 2026.
  • Americas Gold and Silver made up 29.2% of Merk Investments's portfolio in Q2 2026, its #1 holding.
  • Merk Investments first reported a position in Americas Gold and Silver in Q4 2019 and has held it in 27 quarters since.
  • Merk Investments's Americas Gold and Silver position peaked at $120M in Q4 2025.
  • 154 funds tracked by Wall St. Rank held Americas Gold and Silver as of Q2 2026.

Based on Merk Investments's 13F filing for Q2 2026, filed 14 Aug 2026.