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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
+9.79%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$166M
AUM Growth
+$26.8M
Cap. Flow
+$19.5M
Cap. Flow %
11.75%
Top 10 Hldgs %
94.11%
Holding
19
New
2
Increased
4
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
SSRM icon
SSR Mining
SSRM
+$13.8M
2
MMX
Maverix Metals Inc. Common Shares
MMX
+$7.03M
3
KOR
Corvus Gold Inc. Common Shares
KOR
+$5.83M
4
USAS
Americas Gold and Silver
USAS
+$5.09M
5
ITRG
Integra Resources
ITRG
+$870K

Top Sells

Rank Stock Value
1
KL
Kirkland Lake Gold Ltd Ordinary
KL
+$6.16M
2
MAG
MAG Silver
MAG
+$4.58M
3
AEM icon
Agnico Eagle Mines
AEM
+$2.29M
4
PAAS icon
Pan American Silver
PAAS
+$270K

Sector Composition

Rank Sector Weight
1 Materials 93.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEM icon
1
Agnico Eagle Mines
AEM
$83B
$29.5M 17.71%
370,000
-30,000
-8% -$2.29M
B
2
Barrick Mining
B
$68.3B
$23.8M 14.3%
850,000
– –
SSRM icon
3
SSR Mining
SSRM
$6.03B
$23.2M 13.97%
1,249,000
+649,000
+108% +$13.8M
BTG icon
4
B2Gold
BTG
$5.42B
$16.3M 9.8%
2,500,000
– –
MMX
5
DELISTED
Maverix Metals Inc. Common Shares
MMX
$14.3M 8.61%
3,000,000
+1,500,000
+100% +$7.03M
AGI icon
6
Alamos Gold
AGI
$12.9B
$14.1M 8.47%
1,600,000
– –
USAS
7
Americas Gold and Silver
USAS
$1.6B
$9.71M 5.84%
1,478,560
+688,560
+87% +$5.09M
OUNZ icon
8
VanEck Merk Gold Trust
OUNZ
$2.64B
$9.43M 5.67%
512,862
+11,029
+2% +$206K
GFI icon
9
Gold Fields
GFI
$33.5B
$8.24M 4.95%
670,423
– –
GSS
10
DELISTED
Golden Star Resources Ltd.
GSS
$7.97M 4.79%
1,850,000
– –
KOR
11
DELISTED
Corvus Gold Inc. Common Shares
KOR
$5.85M 3.52%
+2,000,000
New +$5.83M
SILV
12
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
$2.11M 1.27%
250,000
– –
ITRG
13
Integra Resources
ITRG
$481M
$796K 0.48%
+96,000
New +$870K
ASHR icon
14
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
$417K 0.25%
12,100
– –
MCHI icon
15
iShares MSCI China ETF
MCHI
$6.32B
$326K 0.2%
4,400
– –
EWY icon
16
iShares MSCI South Korea ETF
EWY
$24.7B
$294K 0.18%
4,500
– –
MAG
17
DELISTED
MAG Silver
MAG
– –
-325,000
Closed -$4.58M
PAAS icon
18
Pan American Silver
PAAS
$20.2B
– –
-393,200
Closed -$270K
KL
19
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
– –
-150,000
Closed -$6.16M

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WCM
Westerly Capital Management San Francisco, California $368M AUM 42.67% 1-Year Est. Return
ACA
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
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 Q3 2020 Portfolio in Review

As of Q3 2020, Merk Investments held 19 positions worth $166M, up 19% from $140M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Merk Investments deployed $19.5M of net new capital in Q3 2020, opening 2 new positions and adding to 4 existing holdings. Its largest new stake was Corvus Gold Inc. Common Shares: 2,000,000 shares worth $5.85M.

By sector, the portfolio is most concentrated in Materials at 94% of assets, up from 93% a quarter earlier.

On the sell side, the largest reduction was Agnico Eagle Mines, an estimated $2.29M trimmed.

  • Merk Investments's largest Q3 2020 buy was Corvus Gold Inc. Common Shares: 2,000,000 shares worth $5.85M.
  • Merk Investments added most to SSR Mining in Q3 2020, an estimated $13.8M increase.
  • Merk Investments's biggest Q3 2020 reduction was Agnico Eagle Mines, cutting an estimated $2.29M.
  • Merk Investments fully exited Kirkland Lake Gold Ltd Ordinary in Q3 2020, selling an estimated $6.16M.
  • Merk Investments's ten largest holdings make up 94% of its $166M portfolio in Q3 2020.
  • Merk Investments opened 2 new positions and closed 3 in Q3 2020.
  • Merk Investments's portfolio value rose 19% quarter-over-quarter to $166M.

Based on Merk Investments's 13F filing for Q3 2020, filed 16 Nov 2020.