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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
-14.64%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$132M
AUM Growth
-$21M
Cap. Flow
+$3.51M
Cap. Flow %
2.66%
Top 10 Hldgs %
91.06%
Holding
17
New
–
Increased
3
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
SSRM icon
SSR Mining
SSRM
+$10.3M
2
ITRG
Integra Resources
ITRG
+$845K
3
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$190K

Top Sells

Rank Stock Value
1
KOR
Corvus Gold Inc. Common Shares
KOR
+$5.5M
2
AEM icon
Agnico Eagle Mines
AEM
+$1.46M
3
ASHR icon
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
+$491K
4
MCHI icon
iShares MSCI China ETF
MCHI
+$363K

Sector Composition

Rank Sector Weight
1 Materials 94.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$27.1M 20.49%
8,200,000
– –
SSRM icon
2
SSR Mining
SSRM
$6.03B
$15.3M 11.56%
1,050,000
+649,200
+162% +$10.3M
AU icon
3
AngloGold Ashanti
AU
$44.5B
$12.8M 9.69%
800,000
– –
B
4
Barrick Mining
B
$68.3B
$12.6M 9.57%
700,000
– –
GFI icon
5
Gold Fields
GFI
$33.5B
$12.2M 9.22%
1,500,000
– –
AEM icon
6
Agnico Eagle Mines
AEM
$83B
$10.4M 7.85%
200,000
-25,000
-11% -$1.46M
AGI icon
7
Alamos Gold
AGI
$12.9B
$8.64M 6.54%
1,200,000
– –
ITRG
8
Integra Resources
ITRG
$483M
$7.39M 5.6%
1,292,000
+124,000
+11% +$845K
OUNZ icon
9
VanEck Merk Gold Trust
OUNZ
$2.64B
$7.09M 5.37%
414,726
+10,928
+3% +$190K
BTG icon
10
B2Gold
BTG
$5.42B
$6.84M 5.18%
2,000,000
– –
GSS
11
DELISTED
Golden Star Resources Ltd.
GSS
$4.4M 3.33%
1,850,000
– –
USAS
12
Americas Gold and Silver
USAS
$1.6B
$3.67M 2.78%
1,840,560
– –
SBSW icon
13
Sibanye-Stillwater
SBSW
$7B
$3.37M 2.55%
273,043
– –
EWY icon
14
iShares MSCI South Korea ETF
EWY
$24.7B
$363K 0.27%
4,500
– –
ASHR icon
15
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
– –
-12,100
Closed -$491K
MCHI icon
16
iShares MSCI China ETF
MCHI
$6.32B
– –
-4,400
Closed -$363K
KOR
17
DELISTED
Corvus Gold Inc. Common Shares
KOR
– –
-2,000,000
Closed -$5.5M

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V
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CWM
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NWM
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PCM
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LP
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MB
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Merk Investments's Q3 2021 Portfolio in Review

As of Q3 2021, Merk Investments held 17 positions worth $132M, down 14% from $153M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Merk Investments's Q3 2021 filing shows 3 increased, 1 reduced and 3 closed positions. The largest sale was Corvus Gold Inc. Common Shares, an estimated $5.5M.

By sector, the portfolio is most concentrated in Materials at 94% of assets, down from 95% a quarter earlier.

  • Merk Investments added most to SSR Mining in Q3 2021, an estimated $10.3M increase.
  • Merk Investments's biggest Q3 2021 reduction was Agnico Eagle Mines, cutting an estimated $1.46M.
  • Merk Investments fully exited Corvus Gold Inc. Common Shares in Q3 2021, selling an estimated $5.5M.
  • Merk Investments's ten largest holdings make up 91% of its $132M portfolio in Q3 2021.
  • Merk Investments opened 0 new positions and closed 3 in Q3 2021.
  • Merk Investments's portfolio value fell 14% quarter-over-quarter to $132M.

Based on Merk Investments's 13F filing for Q3 2021, filed 15 Nov 2021.