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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
-17.2%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$160M
AUM Growth
-$26.1M
(-14%)
Cap. Flow
-$4.57M
Cap. Flow
% of AUM
-2.86%
Top 10 Holdings %
Top 10 Hldgs %
90.12%
Holding
19
New
2
Increased
1
Reduced
7
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ORLA
Orla Mining
ORLA
|
+$34.4M |
| 2 |
USAS
Americas Gold and Silver
USAS
|
+$2.39M |
| 3 |
ITRG
Integra Resources
ITRG
|
+$799K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MMX
Maverix Metals Inc. Common Shares
MMX
|
+$15.9M |
| 2 |
Sibanye-Stillwater
SBSW
|
+$9.6M |
| 3 |
Agnico Eagle Mines
AEM
|
+$5.17M |
| 4 |
SILV
SilverCrest Metals Inc. Common Shares
SILV
|
+$2.79M |
| 5 |
AngloGold Ashanti
AU
|
+$2.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 94.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ORLA
1
DELISTED
Orla Mining
ORLA
| $30.5M | 19.1% |
+8,200,000
| New | +$34.4M |
|
|
2
AngloGold Ashanti
AU
$44.5B
| $17.6M | 10.99% |
800,000
-98,420
| -11% | -$2.21M |
|
3
SSR Mining
SSRM
$6.03B
| $16.4M | 10.28% |
1,150,000
| – | – |
|
|
4
Agnico Eagle Mines
AEM
$83B
| $14.5M | 9.04% |
250,000
-80,000
| -24% | -$5.17M |
|
5
Gold Fields
GFI
$33.5B
| $14.2M | 8.9% |
1,500,000
-200,000
| -12% | -$1.86M |
|
|
B
6
Barrick Mining
B
$68.3B
| $13.9M | 8.68% |
700,000
-100,000
| -13% | -$2.16M |
|
7
Alamos Gold
AGI
$12.9B
| $10.9M | 6.84% |
1,400,000
| – | – |
|
|
USAS
8
Americas Gold and Silver
USAS
$1.6B
| $10.4M | 6.53% |
1,840,560
+362,000
| +24% | +$2.39M |
|
9
B2Gold
BTG
$5.42B
| $8.62M | 5.39% |
2,000,000
-250,000
| -11% | -$1.22M |
|
10
VanEck Merk Gold Trust
OUNZ
$2.64B
| $7M | 4.38% |
420,739
-69,259
| -14% | -$1.21M |
|
|
GSS
11
DELISTED
Golden Star Resources Ltd.
GSS
| $5.46M | 3.41% |
1,850,000
| – | – |
|
|
12
Sibanye-Stillwater
SBSW
$7B
| $4.88M | 3.05% |
273,043
-546,086
| -67% | -$9.6M |
|
|
KOR
13
DELISTED
Corvus Gold Inc. Common Shares
KOR
| $3.58M | 2.24% |
2,000,000
| – | – |
|
|
ITRG
14
Integra Resources
ITRG
$481M
| $649K | 0.41% |
+96,000
| New | +$799K |
|
15
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $467K | 0.29% |
12,100
| – | – |
|
16
iShares MSCI South Korea ETF
EWY
$24.7B
| $404K | 0.25% |
4,500
| – | – |
|
17
iShares MSCI China ETF
MCHI
$6.32B
| $359K | 0.22% |
4,400
| – | – |
|
|
SILV
18
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| – | – |
-250,000
| Closed | -$2.79M |
|
|
MMX
19
DELISTED
Maverix Metals Inc. Common Shares
MMX
| – | – |
-3,000,000
| Closed | -$15.9M |
|
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Merk Investments's Q1 2021 Portfolio in Review
As of Q1 2021, Merk Investments held 19 positions worth $160M, down 14% from $186M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Merk Investments's Q1 2021 filing shows 2 new, 1 increased, 7 reduced and 2 closed positions. Its largest new stake was Orla Mining: 8,200,000 shares worth $30.5M. The largest sale was Maverix Metals Inc. Common Shares, an estimated $15.9M.
By sector, the portfolio is most concentrated in Materials at 95% of assets, up from 94% a quarter earlier.
- Merk Investments's largest Q1 2021 buy was Orla Mining: 8,200,000 shares worth $30.5M.
- Merk Investments added most to Americas Gold and Silver in Q1 2021, an estimated $2.39M increase.
- Merk Investments's biggest Q1 2021 reduction was Sibanye-Stillwater, cutting an estimated $9.6M.
- Merk Investments fully exited Maverix Metals Inc. Common Shares in Q1 2021, selling an estimated $15.9M.
- Merk Investments's ten largest holdings make up 90% of its $160M portfolio in Q1 2021.
- Merk Investments opened 2 new positions and closed 2 in Q1 2021.
- Merk Investments's portfolio value fell 14% quarter-over-quarter to $160M.
Based on Merk Investments's 13F filing for Q1 2021, filed 13 May 2021.