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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
-2.88%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$102M
AUM Growth
+$101M
Cap. Flow
-$5.46M
Cap. Flow %
-5.37%
Top 10 Hldgs %
92.24%
Holding
17
New
–
Increased
1
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
SCHP icon
Schwab US TIPS ETF
SCHP
+$150K

Top Sells

Rank Stock Value
1
ORLA
Orla Mining
ORLA
+$3.07M
2
AU icon
AngloGold Ashanti
AU
+$1.42M
3
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$1.08M
4
DBO icon
Invesco DB Oil Fund
DBO
+$32.4K
5
EWY icon
iShares MSCI South Korea ETF
EWY
+$262

Sector Composition

Rank Sector Weight
1 Materials 93.41%
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
SSRM icon
2
SSR Mining
SSRM
$6.03B
$11.8M 11.57%
800,000
– –
B
3
Barrick Mining
B
$68.3B
$10.1M 9.91%
650,000
– –
AGI icon
4
Alamos Gold
AGI
$12.9B
$8.89M 8.75%
1,200,000
– –
AEM icon
5
Agnico Eagle Mines
AEM
$83B
$8.45M 8.31%
200,000
– –
AU icon
6
AngloGold Ashanti
AU
$44.5B
$8.29M 8.16%
600,000
-100,000
-14% -$1.42M
GFI icon
7
Gold Fields
GFI
$33.5B
$8.09M 7.96%
1,000,000
– –
BTG icon
8
B2Gold
BTG
$5.42B
$6.44M 6.33%
2,000,000
– –
OUNZ icon
9
VanEck Merk Gold Trust
OUNZ
$2.64B
$5M 4.92%
309,904
-64,506
-17% -$1.08M
SKE
10
Skeena Resources
SKE
$3.8B
$3.28M 3.22%
700,000
– –
SBSW icon
11
Sibanye-Stillwater
SBSW
$7B
$2.54M 2.5%
273,043
– –
USAS
12
Americas Gold and Silver
USAS
$1.6B
$1.9M 1.87%
1,840,560
– –
ITRG
13
Integra Resources
ITRG
$481M
$1.75M 1.72%
1,292,000
– –
SCHP icon
14
Schwab US TIPS ETF
SCHP
$16.3B
$1.5M 1.48%
58,084
+5,378
+10% +$150K
DBO icon
15
Invesco DB Oil Fund
DBO
$357M
$197K 0.19%
13,009
-1,921
-13% -$32.4K
EWY icon
16
iShares MSCI South Korea ETF
EWY
$24.7B
– –
-4,500
Closed -$262
VNQ icon
17
Vanguard Real Estate ETF
VNQ
$39.1B
– –
-2,229
Closed -$203

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WCM
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ACA
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V
ValueWorks New York $367M AUM 59.38% 1-Year Est. Return
CWM
CCG Wealth Management San Diego, California $369M AUM 22.43% 1-Year Est. Return
NWM
Northcape Wealth Management Williamsville, New York $367M AUM 21.03% 1-Year Est. Return
PCM
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LP
Lexington Partners New York $366M AUM 78.08% 1-Year Est. Return
MB
Mizuho Bank Tokyo, Japan $369M AUM 53.09% 1-Year Est. Return

Merk Investments's Q3 2022 Portfolio in Review

As of Q3 2022, Merk Investments held 17 positions worth $102M, up 22,822% from $444K the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Merk Investments withdrew a net $5.46M in Q3 2022, closing 2 positions and reducing 4 holdings. Its most notable exit was iShares MSCI South Korea ETF, an estimated $262 position sold in full.

By sector, the portfolio is most concentrated in Materials at 93% of assets, down from 98% a quarter earlier.

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 $262.
  • 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 rose 22,822% quarter-over-quarter to $102M.

Based on Merk Investments's 13F filing for Q3 2022, filed 14 Nov 2022.