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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
+20.96%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$179M
AUM Growth
+$33.1M
Cap. Flow
-$3.39M
Cap. Flow %
-1.89%
Top 10 Hldgs %
91.9%
Holding
14
New
–
Increased
–
Reduced
2
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
GFI icon
Gold Fields
GFI
+$2.57M
2
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$815K

Sector Composition

Rank Sector Weight
1 Materials 95.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$39.2M 21.87%
8,200,000
– –
SSRM icon
2
SSR Mining
SSRM
$6.05B
$22.9M 12.77%
1,050,000
– –
GFI icon
3
Gold Fields
GFI
$33.5B
$20.1M 11.21%
1,300,000
-200,000
-13% -$2.57M
AU icon
4
AngloGold Ashanti
AU
$44.7B
$19.1M 10.63%
800,000
– –
B
5
Barrick Mining
B
$68.3B
$17.2M 9.57%
700,000
– –
AEM icon
6
Agnico Eagle Mines
AEM
$82.6B
$12.2M 6.83%
200,000
– –
AGI icon
7
Alamos Gold
AGI
$13B
$10.1M 5.63%
1,200,000
– –
BTG icon
8
B2Gold
BTG
$5.42B
$9.18M 5.12%
2,000,000
– –
SKE
9
Skeena Resources
SKE
$3.84B
$7.79M 4.34%
700,000
– –
OUNZ icon
10
VanEck Merk Gold Trust
OUNZ
$2.63B
$7.06M 3.93%
374,799
-44,615
-11% -$815K
USAS
11
Americas Gold and Silver
USAS
$1.61B
$4.99M 2.78%
1,840,560
– –
ITRG
12
Integra Resources
ITRG
$487M
$4.64M 2.59%
1,292,000
– –
SBSW icon
13
Sibanye-Stillwater
SBSW
$7B
$4.57M 2.55%
273,043
– –
EWY icon
14
iShares MSCI South Korea ETF
EWY
$24.7B
$321K 0.18%
4,500
– –

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V
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CWM
CCG Wealth Management San Diego, California $369M AUM 22.43% 1-Year Est. Return
NWM
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PCM
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LP
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MB
Mizuho Bank Tokyo, Japan $369M AUM 53.09% 1-Year Est. Return

Merk Investments's Q1 2022 Portfolio in Review

As of Q1 2022, Merk Investments held 14 positions worth $179M, up 23% from $146M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Trading was light in Q1 2022: portfolio turnover was 0%. Merk Investments opened no new positions and made no exits, leaving the 14-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 96% of assets, up from 95% a quarter earlier.

  • Merk Investments's biggest Q1 2022 reduction was Gold Fields, cutting an estimated $2.57M.
  • Merk Investments's ten largest holdings make up 92% of its $179M portfolio in Q1 2022.
  • Merk Investments opened 0 new positions and closed 0 in Q1 2022.
  • Merk Investments's portfolio value rose 23% quarter-over-quarter to $179M.

Based on Merk Investments's 13F filing for Q1 2022, filed 12 May 2022.