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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
-12.76%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$88.5M
AUM Growth
-$37.5M
Cap. Flow
-$3.61M
Cap. Flow %
-4.07%
Top 10 Hldgs %
95.59%
Holding
14
New
–
Increased
2
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$146K
2
SCHP icon
Schwab US TIPS ETF
SCHP
+$7.06K

Top Sells

Rank Stock Value
1
ORLA
Orla Mining
ORLA
+$3.11M
2
USAS
Americas Gold and Silver
USAS
+$652K
3
ITRG
Integra Resources
ITRG
+$1

Sector Composition

Rank Sector Weight
1 Materials 98.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$21.9M 24.75%
6,200,000
-700,000
-10% -$3.11M
AGI icon
2
Alamos Gold
AGI
$13B
$11.3M 12.75%
1,000,000
– –
SSRM icon
3
SSR Mining
SSRM
$6.05B
$10.6M 12%
800,000
– –
B
4
Barrick Mining
B
$68.3B
$9.46M 10.68%
650,000
– –
AEM icon
5
Agnico Eagle Mines
AEM
$82.6B
$7.5M 8.47%
165,000
– –
GFI icon
6
Gold Fields
GFI
$33.5B
$6.52M 7.36%
600,000
– –
BTG icon
7
B2Gold
BTG
$5.42B
$5.78M 6.53%
2,000,000
– –
AU icon
8
AngloGold Ashanti
AU
$44.7B
$5.13M 5.8%
325,000
– –
SKE
9
Skeena Resources
SKE
$3.84B
$3.22M 3.64%
700,000
– –
ITRG
10
Integra Resources
ITRG
$487M
$3.2M 3.61%
3,937,472
-1
-0% -$1
SBSW icon
11
Sibanye-Stillwater
SBSW
$7B
$1.71M 1.94%
273,043
– –
USAS
12
Americas Gold and Silver
USAS
$1.61B
$1.03M 1.17%
1,159,172
-681,388
-37% -$652K
SCHP icon
13
Schwab US TIPS ETF
SCHP
$16.3B
$754K 0.85%
29,882
+274
+0.9% +$7.06K
OUNZ icon
14
VanEck Merk Gold Trust
OUNZ
$2.63B
$400K 0.45%
22,369
+7,844
+54% +$146K

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V
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CWM
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NWM
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LP
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MB
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Merk Investments's Q3 2023 Portfolio in Review

As of Q3 2023, Merk Investments held 14 positions worth $88.5M, down 30% from $126M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Merk Investments withdrew a net $3.61M in Q3 2023, reducing 3 holdings. Its largest reduction was Orla Mining, cutting an estimated $3.11M.

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

Against the trend, Merk Investments added an estimated $146K to VanEck Merk Gold Trust.

  • Merk Investments added most to VanEck Merk Gold Trust in Q3 2023, an estimated $146K increase.
  • Merk Investments's biggest Q3 2023 reduction was Orla Mining, cutting an estimated $3.11M.
  • Merk Investments's ten largest holdings make up 96% of its $88.5M portfolio in Q3 2023.
  • Merk Investments opened 0 new positions and closed 0 in Q3 2023.
  • Merk Investments's portfolio value fell 30% quarter-over-quarter to $88.5M.

Based on Merk Investments's 13F filing for Q3 2023, filed 14 Nov 2023.