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MI

Merk Investments Portfolio holdings

AUM $368M
1-Year Est. Return 152.26%
This Fund
S&P 500
This Quarter Est. Return
+62.59%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$140M
AUM Growth
+$42M
Cap. Flow
-$14.5M
Cap. Flow %
-10.36%
Top 10 Hldgs %
90.39%
Holding
18
New
1
Increased
–
Reduced
5
Closed
1

Top Buys

Rank Stock Value
1
EWY icon
iShares MSCI South Korea ETF
EWY
+$237K

Top Sells

Rank Stock Value
1
NEM icon
Newmont
NEM
+$6.79M
2
BTG icon
B2Gold
BTG
+$2.51M
3
KL
Kirkland Lake Gold Ltd Ordinary
KL
+$1.76M
4
B
Barrick Mining
B
+$1.25M
5
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$1.24M

Sector Composition

Rank Sector Weight
1 Materials 93.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEM icon
1
Agnico Eagle Mines
AEM
$83.8B
$25.6M 18.36%
400,000
– –
B
2
Barrick Mining
B
$68.8B
$22.8M 16.33%
850,000
-50,000
-6% -$1.25M
AGI icon
3
Alamos Gold
AGI
$13.1B
$15M 10.75%
1,600,000
-150,000
-9% -$1.15M
BTG icon
4
B2Gold
BTG
$5.46B
$14.2M 10.19%
2,500,000
-500,000
-17% -$2.51M
SSRM icon
5
SSR Mining
SSRM
$6.02B
$12.7M 9.13%
600,000
– –
OUNZ icon
6
VanEck Merk Gold Trust
OUNZ
$2.63B
$8.72M 6.25%
501,833
-74,054
-13% -$1.24M
USAS
7
Americas Gold and Silver
USAS
$1.62B
$7.92M 5.67%
790,000
– –
MMX
8
DELISTED
Maverix Metals Inc. Common Shares
MMX
$6.66M 4.77%
1,500,000
– –
GFI icon
9
Gold Fields
GFI
$33.4B
$6.3M 4.52%
670,423
– –
KL
10
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
$6.16M 4.41%
150,000
-45,435
-23% -$1.76M
GSS
11
DELISTED
Golden Star Resources Ltd.
GSS
$5.37M 3.84%
1,850,000
– –
MAG
12
DELISTED
MAG Silver
MAG
$4.58M 3.28%
325,000
– –
SILV
13
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
$2.29M 1.64%
250,000
– –
ASHR icon
14
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
$359K 0.26%
12,100
– –
MCHI icon
15
iShares MSCI China ETF
MCHI
$6.32B
$288K 0.21%
4,400
– –
PAAS icon
16
Pan American Silver
PAAS
$20.3B
$270K 0.19%
393,200
– –
EWY icon
17
iShares MSCI South Korea ETF
EWY
$24.6B
$257K 0.18%
+4,500
New +$237K
NEM icon
18
Newmont
NEM
$110B
– –
-150,000
Closed -$6.79M

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ACA
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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
PCM
Princeton Capital Management Red Bank, New Jersey $367M AUM 45.24% 1-Year Est. Return
LP
Lexington Partners New York $366M AUM 78.08% 1-Year Est. Return
MB
Mizuho Bank Tokyo, Japan $369M AUM 53.09% 1-Year Est. Return

Merk Investments's Q2 2020 Portfolio in Review

As of Q2 2020, Merk Investments held 18 positions worth $140M, up 43% from $97.6M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Merk Investments withdrew a net $14.5M in Q2 2020, closing 1 position and reducing 5 holdings. Its most notable exit was Newmont, an estimated $6.79M position sold in full.

By sector, the portfolio is most concentrated in Materials at 93% of assets, up from 90% a quarter earlier.

Against the trend, Merk Investments opened a new position in iShares MSCI South Korea ETF worth $257K.

  • Merk Investments's largest Q2 2020 buy was iShares MSCI South Korea ETF: 4,500 shares worth $257K.
  • Merk Investments's biggest Q2 2020 reduction was B2Gold, cutting an estimated $2.51M.
  • Merk Investments fully exited Newmont in Q2 2020, selling an estimated $6.79M.
  • Merk Investments's ten largest holdings make up 90% of its $140M portfolio in Q2 2020.
  • Merk Investments opened 1 new position and closed 1 in Q2 2020.
  • Merk Investments's portfolio value rose 43% quarter-over-quarter to $140M.

Based on Merk Investments's 13F filing for Q2 2020, filed 14 Aug 2020.