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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
-20.66%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$97.6M
AUM Growth
-$56.4M
(-37%)
Cap. Flow
+$4.26M
Cap. Flow
% of AUM
4.36%
Top 10 Holdings %
Top 10 Hldgs %
89.86%
Holding
18
New
2
Increased
3
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pan American Silver
PAAS
|
+$8.17M |
| 2 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$7.15M |
| 3 |
USAS
Americas Gold and Silver
USAS
|
+$1.25M |
| 4 |
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
|
+$113K |
| 5 |
iShares MSCI China ETF
MCHI
|
+$61.9K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PVG
PRETIUM RESOURCES INC.
PVG
|
+$8.07M |
| 2 |
B
Barrick Mining
B
|
+$1.87M |
| 3 |
MMX
Maverix Metals Inc. Common Shares
MMX
|
+$1.12M |
| 4 |
SILV
SilverCrest Metals Inc. Common Shares
SILV
|
+$1.11M |
| 5 |
VanEck Merk Gold Trust
OUNZ
|
+$317K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 90.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
B
1
Barrick Mining
B
$68.3B
| $16.4M | 16.76% |
900,000
-100,000
| -10% | -$1.87M |
|
2
Agnico Eagle Mines
AEM
$83B
| $15.9M | 16.31% |
400,000
| – | – |
|
3
B2Gold
BTG
$5.41B
| $8.98M | 9.2% |
3,000,000
| – | – |
|
|
4
VanEck Merk Gold Trust
OUNZ
$2.64B
| $8.86M | 9.08% |
575,887
-20,525
| -3% | -$317K |
|
5
Alamos Gold
AGI
$12.9B
| $8.69M | 8.91% |
1,750,000
| – | – |
|
6
Newmont
NEM
$110B
| $6.79M | 6.96% |
150,000
| – | – |
|
7
SSR Mining
SSRM
$6.02B
| $6.77M | 6.93% |
600,000
| – | – |
|
|
KL
8
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $5.69M | 5.83% |
+195,435
| New | +$7.15M |
|
|
MMX
9
DELISTED
Maverix Metals Inc. Common Shares
MMX
| $4.94M | 5.07% |
1,500,000
-250,000
| -14% | -$1.12M |
|
|
GSS
10
DELISTED
Golden Star Resources Ltd.
GSS
| $4.68M | 4.8% |
1,850,000
| – | – |
|
11
Gold Fields
GFI
$33.5B
| $3.19M | 3.26% |
670,423
| – | – |
|
|
MAG
12
DELISTED
MAG Silver
MAG
| $2.5M | 2.56% |
325,000
| – | – |
|
|
USAS
13
Americas Gold and Silver
USAS
$1.6B
| $2.22M | 2.27% |
790,000
+200,000
| +34% | +$1.25M |
|
|
SILV
14
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $1.29M | 1.33% |
250,000
-175,000
| -41% | -$1.11M |
|
|
15
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $313K | 0.32% |
12,100
+4,000
| +49% | +$113K |
|
|
16
iShares MSCI China ETF
MCHI
$6.32B
| $252K | 0.26% |
4,400
+1,000
| +29% | +$61.9K |
|
|
17
Pan American Silver
PAAS
$20.2B
| $134K | 0.14% |
+393,200
| New | +$8.17M |
|
|
PVG
18
DELISTED
PRETIUM RESOURCES INC.
PVG
| – | – |
-725,000
| Closed | -$8.07M |
|
Similar funds
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ACA
V
CWM
NWM
PCM
LP
MB
Merk Investments's Q1 2020 Portfolio in Review
As of Q1 2020, Merk Investments held 18 positions worth $97.6M, down 37% from $154M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Merk Investments deployed $4.26M of net new capital in Q1 2020, opening 2 new positions and adding to 3 existing holdings. Its largest new stake was Pan American Silver: 393,200 shares worth $134K.
By sector, the portfolio is most concentrated in Materials at 90% of assets, down from 94% a quarter earlier.
On the sell side, the largest reduction was Barrick Mining, an estimated $1.87M trimmed.
- Merk Investments's largest Q1 2020 buy was Pan American Silver: 393,200 shares worth $134K.
- Merk Investments added most to Americas Gold and Silver in Q1 2020, an estimated $1.25M increase.
- Merk Investments's biggest Q1 2020 reduction was Barrick Mining, cutting an estimated $1.87M.
- Merk Investments fully exited PRETIUM RESOURCES INC. in Q1 2020, selling an estimated $8.07M.
- Merk Investments's ten largest holdings make up 90% of its $97.6M portfolio in Q1 2020.
- Merk Investments opened 2 new positions and closed 1 in Q1 2020.
- Merk Investments's portfolio value fell 37% quarter-over-quarter to $97.6M.
Based on Merk Investments's 13F filing for Q1 2020, filed 15 May 2020.