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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
+11.43%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$115M
AUM Growth
+$4.6M
Cap. Flow
-$6.18M
Cap. Flow %
-5.37%
Top 10 Hldgs %
94.66%
Holding
15
New
–
Increased
3
Reduced
5
Closed
–

Top Buys

Rank Stock Value
1
ITRG
Integra Resources
ITRG
+$1.81M
2
DBO icon
Invesco DB Oil Fund
DBO
+$7.09K
3
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$4.55K

Top Sells

Rank Stock Value
1
AU icon
AngloGold Ashanti
AU
+$3.54M
2
AGI icon
Alamos Gold
AGI
+$1.63M
3
AEM icon
Agnico Eagle Mines
AEM
+$1.54M
4
ORLA
Orla Mining
ORLA
+$1.28M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$14.8K

Sector Composition

Rank Sector Weight
1 Materials 98.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$32.7M 28.44%
6,900,000
-300,000
-4% -$1.28M
AGI icon
2
Alamos Gold
AGI
$12.9B
$12.2M 10.63%
1,000,000
-150,000
-13% -$1.63M
SSRM icon
3
SSR Mining
SSRM
$6.03B
$12.1M 10.51%
800,000
– –
B
4
Barrick Mining
B
$68.3B
$12.1M 10.49%
650,000
– –
AEM icon
5
Agnico Eagle Mines
AEM
$83B
$8.41M 7.31%
165,000
-30,000
-15% -$1.54M
GFI icon
6
Gold Fields
GFI
$33.5B
$7.99M 6.94%
600,000
– –
AU icon
7
AngloGold Ashanti
AU
$44.5B
$7.93M 6.89%
325,000
-175,000
-35% -$3.54M
BTG icon
8
B2Gold
BTG
$5.42B
$7.88M 6.85%
2,000,000
– –
SKE
9
Skeena Resources
SKE
$3.8B
$4.28M 3.72%
700,000
– –
ITRG
10
Integra Resources
ITRG
$481M
$3.33M 2.89%
2,492,000
+1,200,000
+93% +$1.81M
SBSW icon
11
Sibanye-Stillwater
SBSW
$7B
$2.34M 2.04%
273,043
– –
USAS
12
Americas Gold and Silver
USAS
$1.6B
$2.2M 1.91%
1,840,560
– –
SCHP icon
13
Schwab US TIPS ETF
SCHP
$16.3B
$1.1M 0.96%
41,026
-562
-1% -$14.8K
OUNZ icon
14
VanEck Merk Gold Trust
OUNZ
$2.64B
$345K 0.3%
18,063
+248
+1% +$4.55K
DBO icon
15
Invesco DB Oil Fund
DBO
$357M
$154K 0.13%
10,580
+484
+5% +$7.09K

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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
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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 2023 Portfolio in Review

As of Q1 2023, Merk Investments held 15 positions worth $115M, up 4.2% from $110M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Merk Investments withdrew a net $6.18M in Q1 2023, reducing 5 holdings. Its largest reduction was AngloGold Ashanti, cutting an estimated $3.54M.

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

Against the trend, Merk Investments added an estimated $1.81M to Integra Resources.

  • Merk Investments added most to Integra Resources in Q1 2023, an estimated $1.81M increase.
  • Merk Investments's biggest Q1 2023 reduction was AngloGold Ashanti, cutting an estimated $3.54M.
  • Merk Investments's ten largest holdings make up 95% of its $115M portfolio in Q1 2023.
  • Merk Investments opened 0 new positions and closed 0 in Q1 2023.
  • Merk Investments's portfolio value rose 4.2% quarter-over-quarter to $115M.

Based on Merk Investments's 13F filing for Q1 2023, filed 15 May 2023.