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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
-4.69%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$186M
AUM Growth
+$19.6M
(+12%)
Cap. Flow
+$32.8M
Cap. Flow
% of AUM
17.63%
Top 10 Holdings %
Top 10 Hldgs %
89.27%
Holding
18
New
2
Increased
1
Reduced
6
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AngloGold Ashanti
AU
|
+$21.6M |
| 2 |
Sibanye-Stillwater
SBSW
|
+$11M |
| 3 |
Gold Fields
GFI
|
+$10.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agnico Eagle Mines
AEM
|
+$2.98M |
| 2 |
SSR Mining
SSRM
|
+$1.89M |
| 3 |
Alamos Gold
AGI
|
+$1.78M |
| 4 |
B2Gold
BTG
|
+$1.53M |
| 5 |
B
Barrick Mining
B
|
+$1.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 94.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Agnico Eagle Mines
AEM
$82.6B
| $23.3M | 12.51% |
330,000
-40,000
| -11% | -$2.98M |
|
|
2
SSR Mining
SSRM
$6.05B
| $23.1M | 12.41% |
1,150,000
-99,000
| -8% | -$1.89M |
|
|
3
AngloGold Ashanti
AU
$44.7B
| $20.3M | 10.93% |
+898,420
| New | +$21.6M |
|
|
B
4
Barrick Mining
B
$68.3B
| $18.2M | 9.79% |
800,000
-50,000
| -6% | -$1.27M |
|
|
5
B2Gold
BTG
$5.42B
| $16.3M | 8.77% |
2,250,000
-250,000
| -10% | -$1.53M |
|
|
MMX
6
DELISTED
Maverix Metals Inc. Common Shares
MMX
| $15.9M | 8.56% |
3,000,000
| – | – |
|
|
7
Gold Fields
GFI
$33.5B
| $15.8M | 8.47% |
1,700,000
+1,029,577
| +154% | +$10.9M |
|
|
8
Alamos Gold
AGI
$13B
| $12.3M | 6.59% |
1,400,000
-200,000
| -13% | -$1.78M |
|
|
USAS
9
Americas Gold and Silver
USAS
$1.61B
| $11.8M | 6.37% |
1,478,560
| – | – |
|
10
VanEck Merk Gold Trust
OUNZ
$2.63B
| $9.07M | 4.88% |
489,998
-22,864
| -4% | -$418K |
|
|
GSS
11
DELISTED
Golden Star Resources Ltd.
GSS
| $6.86M | 3.69% |
1,850,000
| – | – |
|
|
KOR
12
DELISTED
Corvus Gold Inc. Common Shares
KOR
| $4.74M | 2.55% |
2,000,000
| – | – |
|
|
13
Sibanye-Stillwater
SBSW
$7B
| $4.34M | 2.33% |
+819,129
| New | +$11M |
|
|
SILV
14
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $2.79M | 1.5% |
250,000
| – | – |
|
15
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $485K | 0.26% |
12,100
| – | – |
|
16
iShares MSCI South Korea ETF
EWY
$24.7B
| $387K | 0.21% |
4,500
| – | – |
|
17
iShares MSCI China ETF
MCHI
$6.32B
| $356K | 0.19% |
4,400
| – | – |
|
|
ITRG
18
Integra Resources
ITRG
$487M
| – | – |
-96,000
| Closed | -$796K |
|
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Merk Investments's Q4 2020 Portfolio in Review
As of Q4 2020, Merk Investments held 18 positions worth $186M, up 12% from $166M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Merk Investments deployed $32.8M of net new capital in Q4 2020, opening 2 new positions and adding to 1 existing holding. Its largest new stake was AngloGold Ashanti: 898,420 shares worth $20.3M.
By sector, the portfolio is most concentrated in Materials at 94% of assets, up from 94% a quarter earlier.
On the sell side, the largest reduction was Agnico Eagle Mines, an estimated $2.98M trimmed.
- Merk Investments's largest Q4 2020 buy was AngloGold Ashanti: 898,420 shares worth $20.3M.
- Merk Investments added most to Gold Fields in Q4 2020, an estimated $10.9M increase.
- Merk Investments's biggest Q4 2020 reduction was Agnico Eagle Mines, cutting an estimated $2.98M.
- Merk Investments fully exited Integra Resources in Q4 2020, selling an estimated $796K.
- Merk Investments's ten largest holdings make up 89% of its $186M portfolio in Q4 2020.
- Merk Investments opened 2 new positions and closed 1 in Q4 2020.
- Merk Investments's portfolio value rose 12% quarter-over-quarter to $186M.
Based on Merk Investments's 13F filing for Q4 2020, filed 16 Feb 2021.