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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
+50.7%
1 Year Est. Return
+152.26%
3 Year Est. Return
+337.51%
5 Year Est. Return
+400.35%
10 Year Est. Return
–
AUM
$183M
AUM Growth
+$86M
Cap. Flow
+$34.6M
Cap. Flow %
18.87%
Top 10 Hldgs %
100%
Holding
10
New
–
Increased
1
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
USAS
Americas Gold and Silver
USAS
+$34.8M

Top Sells

Rank Stock Value
1
OUNZ icon
VanEck Merk Gold Trust
OUNZ
+$193K

Sector Composition

Rank Sector Weight
1 Materials 99.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLA
1
DELISTED
Orla Mining
ORLA
$58M 31.6%
6,200,000
– –
USAS
2
Americas Gold and Silver
USAS
$1.61B
$38.1M 20.75%
28,460,411
+27,360,000
+2,486% +$34.8M
AGI icon
3
Alamos Gold
AGI
$13B
$26.7M 14.58%
1,000,000
– –
AEM icon
4
Agnico Eagle Mines
AEM
$82.6B
$17.9M 9.75%
165,000
– –
GFI icon
5
Gold Fields
GFI
$33.5B
$11M 6.02%
500,000
– –
AU icon
6
AngloGold Ashanti
AU
$44.7B
$10.2M 5.57%
275,000
– –
MTA
7
Metalla Royalty & Streaming
MTA
$781M
$8.58M 4.68%
3,000,000
– –
ITRG
8
Integra Resources
ITRG
$487M
$6.86M 3.74%
5,524,510
– –
BTG icon
9
B2Gold
BTG
$5.42B
$5.7M 3.11%
2,000,000
– –
OUNZ icon
10
VanEck Merk Gold Trust
OUNZ
$2.63B
$386K 0.21%
12,794
-6,969
-35% -$193K

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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 Q1 2025 Portfolio in Review

As of Q1 2025, Merk Investments held 10 positions worth $183M, up 88% from $97.4M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Merk Investments deployed $34.6M of net new capital in Q1 2025, adding to 1 existing holding.

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

On the sell side, the largest reduction was VanEck Merk Gold Trust, an estimated $193K trimmed.

  • Merk Investments added most to Americas Gold and Silver in Q1 2025, an estimated $34.8M increase.
  • Merk Investments's biggest Q1 2025 reduction was VanEck Merk Gold Trust, cutting an estimated $193K.
  • Merk Investments's ten largest holdings make up 100% of its $183M portfolio in Q1 2025.
  • Merk Investments opened 0 new positions and closed 0 in Q1 2025.
  • Merk Investments's portfolio value rose 88% quarter-over-quarter to $183M.

Based on Merk Investments's 13F filing for Q1 2025, filed 16 May 2025.