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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
+22.04%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$110M
AUM Growth
+$8.81M
Cap. Flow
-$11.6M
Cap. Flow %
-10.47%
Top 10 Hldgs %
94.4%
Holding
15
New
–
Increased
–
Reduced
7
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$4.9M
2
GFI icon
Gold Fields
GFI
+$3.87M
3
AU icon
AngloGold Ashanti
AU
+$1.64M
4
AGI icon
Alamos Gold
AGI
+$440K
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$432K

Sector Composition

Rank Sector Weight
1 Materials 98.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$29.1M 26.38%
7,200,000
– –
SSRM icon
2
SSR Mining
SSRM
$6.05B
$12.5M 11.33%
800,000
– –
AGI icon
3
Alamos Gold
AGI
$13B
$11.6M 10.52%
1,150,000
-50,000
-4% -$440K
B
4
Barrick Mining
B
$68.3B
$11.2M 10.11%
650,000
– –
AEM icon
5
Agnico Eagle Mines
AEM
$82.6B
$10.1M 9.18%
195,000
-5,000
-3% -$236K
AU icon
6
AngloGold Ashanti
AU
$44.7B
$9.71M 8.79%
500,000
-100,000
-17% -$1.64M
BTG icon
7
B2Gold
BTG
$5.42B
$7.14M 6.46%
2,000,000
– –
GFI icon
8
Gold Fields
GFI
$33.5B
$6.21M 5.62%
600,000
-400,000
-40% -$3.87M
SKE
9
Skeena Resources
SKE
$3.84B
$3.72M 3.37%
700,000
– –
SBSW icon
10
Sibanye-Stillwater
SBSW
$7B
$2.91M 2.63%
273,043
– –
USAS
11
Americas Gold and Silver
USAS
$1.61B
$2.62M 2.37%
1,840,560
– –
ITRG
12
Integra Resources
ITRG
$487M
$2.03M 1.84%
1,292,000
– –
SCHP icon
13
Schwab US TIPS ETF
SCHP
$16.3B
$1.08M 0.97%
41,588
-16,496
-28% -$432K
OUNZ icon
14
VanEck Merk Gold Trust
OUNZ
$2.63B
$315K 0.29%
17,815
-292,089
-94% -$4.9M
DBO icon
15
Invesco DB Oil Fund
DBO
$355M
$154K 0.14%
10,096
-2,913
-22% -$46.4K

Similar funds

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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 Q4 2022 Portfolio in Review

As of Q4 2022, Merk Investments held 15 positions worth $110M, up 8.7% from $102M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Merk Investments withdrew a net $11.6M in Q4 2022, reducing 7 holdings. Its largest reduction was VanEck Merk Gold Trust, cutting an estimated $4.9M.

By sector, the portfolio is most concentrated in Materials at 99% of assets, up from 93% a quarter earlier.

  • Merk Investments's biggest Q4 2022 reduction was VanEck Merk Gold Trust, cutting an estimated $4.9M.
  • Merk Investments's ten largest holdings make up 94% of its $110M portfolio in Q4 2022.
  • Merk Investments opened 0 new positions and closed 0 in Q4 2022.
  • Merk Investments's portfolio value rose 8.7% quarter-over-quarter to $110M.

Based on Merk Investments's 13F filing for Q4 2022, filed 13 Feb 2023.