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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
+4.8%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$89.7M
AUM Growth
+$8.64K
Cap. Flow
-$3.78M
Cap. Flow %
-4.22%
Top 10 Hldgs %
98.79%
Holding
14
New
1
Increased
1
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
MTA
Metalla Royalty & Streaming
MTA
+$768K
2
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$425K

Top Sells

Rank Stock Value
1
SKE
Skeena Resources
SKE
+$3.23M
2
SBSW icon
Sibanye-Stillwater
SBSW
+$1.29M
3
PPTA
Perpetua Resources
PPTA
+$455K

Sector Composition

Rank Sector Weight
1 Materials 99.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$23.8M 26.56%
6,200,000
– –
AGI icon
2
Alamos Gold
AGI
$13B
$15.7M 17.49%
1,000,000
– –
B
3
Barrick Mining
B
$68.3B
$10.8M 12.09%
650,000
– –
AEM icon
4
Agnico Eagle Mines
AEM
$82.6B
$10.8M 12.04%
165,000
– –
GFI icon
5
Gold Fields
GFI
$33.5B
$8.94M 9.97%
600,000
– –
AU icon
6
AngloGold Ashanti
AU
$44.7B
$6.91M 7.71%
275,000
– –
BTG icon
7
B2Gold
BTG
$5.42B
$5.4M 6.02%
2,000,000
– –
ITRG
8
Integra Resources
ITRG
$487M
$4.15M 4.63%
4,487,472
– –
MTA
9
Metalla Royalty & Streaming
MTA
$781M
$1.25M 1.4%
450,000
+250,000
+125% +$768K
PPTA
10
Perpetua Resources
PPTA
$2.79B
$798K 0.89%
153,484
-76,499
-33% -$455K
USAS
11
Americas Gold and Silver
USAS
$1.61B
$660K 0.74%
1,080,411
– –
OUNZ icon
12
VanEck Merk Gold Trust
OUNZ
$2.63B
$422K 0.47%
+18,800
New +$425K
SBSW icon
13
Sibanye-Stillwater
SBSW
$7B
– –
-273,043
Closed -$1.29M
SKE
14
Skeena Resources
SKE
$3.84B
– –
-700,000
Closed -$3.23M

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V
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CWM
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NWM
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LP
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Merk Investments's Q2 2024 Portfolio in Review

As of Q2 2024, Merk Investments held 14 positions worth $89.7M, up 0.01% from $89.6M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Merk Investments withdrew a net $3.78M in Q2 2024, closing 2 positions and reducing 1 holding. Its most notable exit was Skeena Resources, an estimated $3.23M position sold in full.

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

Against the trend, Merk Investments opened a new position in VanEck Merk Gold Trust worth $422K.

  • Merk Investments's largest Q2 2024 buy was VanEck Merk Gold Trust: 18,800 shares worth $422K.
  • Merk Investments added most to Metalla Royalty & Streaming in Q2 2024, an estimated $768K increase.
  • Merk Investments's biggest Q2 2024 reduction was Perpetua Resources, cutting an estimated $455K.
  • Merk Investments fully exited Skeena Resources in Q2 2024, selling an estimated $3.23M.
  • Merk Investments's ten largest holdings make up 99% of its $89.7M portfolio in Q2 2024.
  • Merk Investments opened 1 new position and closed 2 in Q2 2024.
  • Merk Investments's portfolio value rose 0.01% quarter-over-quarter to $89.7M.

Based on Merk Investments's 13F filing for Q2 2024, filed 14 Aug 2024.