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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
+7.15%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$97.4M
AUM Growth
-$8.21M
Cap. Flow
-$10.3M
Cap. Flow %
-10.6%
Top 10 Hldgs %
100%
Holding
11
New
–
Increased
3
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
MTA
Metalla Royalty & Streaming
MTA
+$2.45M
2
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$138K
3
USAS
Americas Gold and Silver
USAS
+$20.3K

Top Sells

Rank Stock Value
1
B
Barrick Mining
B
+$12.9M

Sector Composition

Rank Sector Weight
1 Materials 99.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$34.3M 35.27%
6,200,000
– –
AGI icon
2
Alamos Gold
AGI
$12.9B
$18.4M 18.93%
1,000,000
– –
AEM icon
3
Agnico Eagle Mines
AEM
$83B
$12.9M 13.25%
165,000
– –
MTA
4
Metalla Royalty & Streaming
MTA
$784M
$7.53M 7.73%
3,000,000
+771,189
+35% +$2.45M
GFI icon
5
Gold Fields
GFI
$33.5B
$6.6M 6.78%
500,000
– –
AU icon
6
AngloGold Ashanti
AU
$44.5B
$6.35M 6.52%
275,000
– –
BTG icon
7
B2Gold
BTG
$5.42B
$4.88M 5.01%
2,000,000
– –
ITRG
8
Integra Resources
ITRG
$481M
$4.79M 4.92%
5,524,510
– –
USAS
9
Americas Gold and Silver
USAS
$1.6B
$1.05M 1.08%
1,100,411
+20,000
+2% +$20.3K
OUNZ icon
10
VanEck Merk Gold Trust
OUNZ
$2.64B
$500K 0.51%
19,763
+5,371
+37% +$138K
B
11
Barrick Mining
B
$68.3B
– –
-650,000
Closed -$12.9M

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Westerly Capital Management San Francisco, California $368M AUM 42.67% 1-Year Est. Return
ACA
AYAL Capital Advisors Toronto, Ontario, Canada $369M AUM 39.67% 1-Year Est. Return
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
Princeton Capital Management Red Bank, New Jersey $367M AUM 45.24% 1-Year Est. Return
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 2024 Portfolio in Review

As of Q4 2024, Merk Investments held 11 positions worth $97.4M, down 7.8% from $106M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Merk Investments withdrew a net $10.3M in Q4 2024, closing 1 position. Its most notable exit was Barrick Mining, an estimated $12.9M position sold in full.

By sector, the portfolio is most concentrated in Materials at 99% of assets, down from 100% a quarter earlier.

Against the trend, Merk Investments added an estimated $2.45M to Metalla Royalty & Streaming.

  • Merk Investments added most to Metalla Royalty & Streaming in Q4 2024, an estimated $2.45M increase.
  • Merk Investments fully exited Barrick Mining in Q4 2024, selling an estimated $12.9M.
  • Merk Investments's ten largest holdings make up 100% of its $97.4M portfolio in Q4 2024.
  • Merk Investments opened 0 new positions and closed 1 in Q4 2024.
  • Merk Investments's portfolio value fell 7.8% quarter-over-quarter to $97.4M.

Based on Merk Investments's 13F filing for Q4 2024, filed 14 Feb 2025.