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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
+5.93%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$89.6M
AUM Growth
-$4.33M
Cap. Flow
-$7.72M
Cap. Flow %
-8.61%
Top 10 Hldgs %
97.58%
Holding
15
New
1
Increased
1
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
ITRG
Integra Resources
ITRG
+$622K
2
MTA
Metalla Royalty & Streaming
MTA
+$569K

Top Sells

Rank Stock Value
1
SSRM icon
SSR Mining
SSRM
+$8.59M
2
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$320K

Sector Composition

Rank Sector Weight
1 Materials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$23.5M 26.21%
6,200,000
– –
AGI icon
2
Alamos Gold
AGI
$13B
$14.8M 16.45%
1,000,000
– –
B
3
Barrick Mining
B
$68.3B
$10.8M 12.07%
650,000
– –
AEM icon
4
Agnico Eagle Mines
AEM
$82.6B
$9.84M 10.98%
165,000
– –
GFI icon
5
Gold Fields
GFI
$33.5B
$9.53M 10.64%
600,000
– –
AU icon
6
AngloGold Ashanti
AU
$44.7B
$6.11M 6.81%
275,000
– –
BTG icon
7
B2Gold
BTG
$5.42B
$5.22M 5.82%
2,000,000
– –
SKE
8
Skeena Resources
SKE
$3.84B
$3.23M 3.61%
700,000
– –
ITRG
9
Integra Resources
ITRG
$487M
$3.19M 3.55%
4,487,472
+769,999
+21% +$622K
SBSW icon
10
Sibanye-Stillwater
SBSW
$7B
$1.29M 1.43%
273,043
– –
PPTA
11
Perpetua Resources
PPTA
$2.79B
$957K 1.07%
229,983
– –
MTA
12
Metalla Royalty & Streaming
MTA
$781M
$623K 0.7%
+200,000
New +$569K
USAS
13
Americas Gold and Silver
USAS
$1.61B
$591K 0.66%
1,080,411
– –
OUNZ icon
14
VanEck Merk Gold Trust
OUNZ
$2.63B
– –
-16,020
Closed -$320K
SSRM icon
15
SSR Mining
SSRM
$6.05B
– –
-800,000
Closed -$8.59M

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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
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Merk Investments's Q1 2024 Portfolio in Review

As of Q1 2024, Merk Investments held 15 positions worth $89.6M, down 4.6% from $94M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Merk Investments withdrew a net $7.72M in Q1 2024, closing 2 positions. Its most notable exit was SSR Mining, an estimated $8.59M position sold in full.

By sector, the portfolio is most concentrated in Materials at 100% of assets, up from 100% a quarter earlier.

Against the trend, Merk Investments opened a new position in Metalla Royalty & Streaming worth $623K.

  • Merk Investments's largest Q1 2024 buy was Metalla Royalty & Streaming: 200,000 shares worth $623K.
  • Merk Investments added most to Integra Resources in Q1 2024, an estimated $622K increase.
  • Merk Investments fully exited SSR Mining in Q1 2024, selling an estimated $8.59M.
  • Merk Investments's ten largest holdings make up 98% of its $89.6M portfolio in Q1 2024.
  • Merk Investments opened 1 new position and closed 2 in Q1 2024.
  • Merk Investments's portfolio value fell 4.6% quarter-over-quarter to $89.6M.

Based on Merk Investments's 13F filing for Q1 2024, filed 14 May 2024.