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MI
Merk Investments Portfolio holdings
AUM
$314M
1-Year Est. Return
74.91%
This Fund
S&P 500
This Quarter
Est. Return
-2.88%
1 Year Est. Return
+74.91%
3 Year Est. Return
+303.14%
5 Year Est. Return
+299.66%
10 Year Est. Return
–
AUM
$102M
AUM Growth
-$342M
(-77%)
Cap. Flow
-$5.92M
Cap. Flow
% of AUM
-5.82%
Top 10 Holdings %
Top 10 Hldgs %
92.24%
Holding
17
New
–
Increased
1
Reduced
4
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US TIPS ETF
SCHP
|
+$150K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ORLA
Orla Mining
ORLA
|
+$3.07M |
| 2 |
AngloGold Ashanti
AU
|
+$1.42M |
| 3 |
VanEck Merk Gold Trust
OUNZ
|
+$1.08M |
| 4 |
iShares MSCI South Korea ETF
EWY
|
+$262K |
| 5 |
Vanguard Real Estate ETF
VNQ
|
+$203K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 93.41% |
| 2 | Miscellaneous | 6.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ORLA
1
DELISTED
Orla Mining
ORLA
| $23.5M | 23.12% |
7,200,000
-1,000,000
| -12% | -$3.07M |
|
2
SSR Mining
SSRM
$7.41B
| $11.8M | 11.57% |
800,000
| – | – |
|
|
B
3
Barrick Mining
B
$71.3B
| $10.1M | 9.91% |
650,000
| – | – |
|
4
Alamos Gold
AGI
$15B
| $8.89M | 8.75% |
1,200,000
| – | – |
|
5
Agnico Eagle Mines
AEM
$101B
| $8.45M | 8.31% |
200,000
| – | – |
|
|
6
AngloGold Ashanti
AU
$52.2B
| $8.29M | 8.16% |
600,000
-100,000
| -14% | -$1.42M |
|
7
Gold Fields
GFI
$37.9B
| $8.09M | 7.96% |
1,000,000
| – | – |
|
8
B2Gold
BTG
$7.25B
| $6.44M | 6.33% |
2,000,000
| – | – |
|
|
9
VanEck Merk Gold Trust
OUNZ
$2.82B
| $5M | 4.92% |
309,904
-64,506
| -17% | -$1.08M |
|
|
SKE
10
Skeena Resources
SKE
$4.03B
| $3.28M | 3.22% |
700,000
| – | – |
|
11
Sibanye-Stillwater
SBSW
$8.25B
| $2.54M | 2.5% |
273,043
| – | – |
|
|
USAS
12
Americas Gold and Silver
USAS
$1.75B
| $1.9M | 1.87% |
1,840,560
| – | – |
|
|
ITRG
13
Integra Resources
ITRG
$566M
| $1.75M | 1.72% |
1,292,000
| – | – |
|
|
14
Schwab US TIPS ETF
SCHP
$15.9B
| $1.5M | 1.48% |
58,084
+5,378
| +10% | +$150K |
|
15
Invesco DB Oil Fund
DBO
$302M
| $197K | 0.19% |
13,009
-1,921
| -13% | -$32.4K |
|
|
16
iShares MSCI South Korea ETF
EWY
$27.7B
| – | – |
-4,500
| Closed | -$262K |
|
|
17
Vanguard Real Estate ETF
VNQ
$36.7B
| – | – |
-2,229
| Closed | -$203K |
|
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Merk Investments's Q3 2022 Portfolio in Review
As of Q3 2022, Merk Investments held 17 positions worth $102M, down 77% from $444M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Merk Investments withdrew a net $5.92M in Q3 2022, closing 2 positions and reducing 4 holdings. Its most notable exit was iShares MSCI South Korea ETF, an estimated $262K position sold in full.
By sector, the portfolio is most concentrated in Materials at 93% of assets, down from 98% a quarter earlier, followed by Miscellaneous.
Against the trend, Merk Investments added an estimated $150K to Schwab US TIPS ETF.
- Merk Investments added most to Schwab US TIPS ETF in Q3 2022, an estimated $150K increase.
- Merk Investments's biggest Q3 2022 reduction was Orla Mining, cutting an estimated $3.07M.
- Merk Investments fully exited iShares MSCI South Korea ETF in Q3 2022, selling an estimated $262K.
- Merk Investments's ten largest holdings make up 92% of its $102M portfolio in Q3 2022.
- Merk Investments opened 0 new positions and closed 2 in Q3 2022.
- Merk Investments's portfolio value fell 77% quarter-over-quarter to $102M.
Based on Merk Investments's 13F filing for Q3 2022, filed 14 Nov 2022.