Merk Investments LLC

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 10Value: $183.4MLatest: 2025Q1

Merk Investments LLC is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 10 holdings worth $0.2 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "AGI.TO",
  "AU",
  null,
  "USAS",
  "MTA",
  "ORLA",
  "BTG",
  null,
  "GFI",
  "AEM"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-16
Total Holdings: 10
Total Value: 183432930
Accession Number: 0001420506-25-001314
Form Type: 13F-HR
CIK: merk-investments
Manager Name: Merk-Investments

Data Enrichment

80% identified

8 identified2 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

10 positions • $183.4M total value

SEC FilingSEC DataHachi Filing

Manager:

Search and click to pin securities to the top

Sort by:

Orla Mining Ltd.

ORLA|68634K106

Shares:6.2M

Value:$58.0M

% of Portfolio:31.6% ($58.0M/$183.4M)

Americas Gold & Silver Corp

USAS|03062D100

Shares:71.2M

Value:$38.1M

% of Portfolio:20.7% ($38.1M/$183.4M)

ALAMOS GOLD INC

AGI.TO|011532108

Shares:1.0M

Value:$26.7M

% of Portfolio:14.6% ($26.7M/$183.4M)

AGNICO EAGLE MINES LTD

AEM|008474108

Shares:165.0K

Value:$17.9M

% of Portfolio:9.8% ($17.9M/$183.4M)

GOLD FIELDS LTD

GFI|38059T106

Shares:500.0K

Value:$11.0M

% of Portfolio:6.0% ($11.0M/$183.4M)

AngloGold Ashanti PLC

AU|G0378L100

Shares:275.0K

Value:$10.2M

% of Portfolio:5.6% ($10.2M/$183.4M)

Metalla Royalty & Streaming Ltd.

MTA|59124U605

Shares:3.0M

Value:$8.6M

% of Portfolio:4.7% ($8.6M/$183.4M)

45826T509

Shares:5.5M

Value:$6.9M

% of Portfolio:3.7% ($6.9M/$183.4M)

B2GOLD CORP

BTG|11777Q209

Shares:2.0M

Value:$5.7M

% of Portfolio:3.1% ($5.7M/$183.4M)

921078101

Shares:12.8K

Value:$385.6K

% of Portfolio:0.2% ($385.6K/$183.4M)

Instrument	Shares		Other Manager	Value	% of Portfolio
Orla Mining Ltd.(ORLAcusip68634K106)	6.2M	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$58.0M	31.6% ($58.0M/$183.4M)	QoQ +68.77% (+$23.6M) YoY +146.70% (+$34.5M)
Americas Gold & Silver Corp(USAScusip03062D100)	71.2M	QoQ +2486.34% (+68.4M) YoY +2534.22% (+68.5M)	All Managers (Combined)	$38.1M	20.7% ($38.1M/$183.4M)	QoQ +3523.29% (+$37.0M) YoY +6342.67% (+$37.5M)
ALAMOS GOLD INC(AGI.TOcusip011532108)	1.0M	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$26.7M	14.6% ($26.7M/$183.4M)	QoQ +45.01% (+$8.3M) YoY +81.28% (+$12.0M)
AGNICO EAGLE MINES LTD(AEMcusip008474108)	165.0K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$17.9M	9.8% ($17.9M/$183.4M)	QoQ +38.59% (+$5.0M) YoY +81.72% (+$8.0M)
GOLD FIELDS LTD(GFIcusip38059T106)	500.0K	QoQ 0.00% (+0) YoY -16.66% (-100.0K)	All Managers (Combined)	$11.0M	6.0% ($11.0M/$183.4M)	QoQ +67.34% (+$4.4M) YoY +15.84% (-$1.5M)
AngloGold Ashanti PLC(AUcusipG0378L100)	275.0K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$10.2M	5.6% ($10.2M/$183.4M)	QoQ +60.83% (+$3.9M) YoY +67.20% (+$4.1M)
Metalla Royalty & Streaming Ltd.(MTAcusip59124U605)	3.0M	QoQ 0.00% (+0) YoY +1400.00% (+2.8M)	All Managers (Combined)	$8.6M	4.7% ($8.6M/$183.4M)	QoQ +13.94% (+$1.1M) YoY +1277.01% (+$8.0M)
(cusip45826T509)✕	5.5M	QoQ 0.00% (+0) YoY +23.10% (+1.0M)	All Managers (Combined)	$6.9M	3.7% ($6.9M/$183.4M)	QoQ +43.01% (+$2.1M) YoY +115.22% (+$3.7M)
B2GOLD CORP(BTGcusip11777Q209)	2.0M	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$5.7M	3.1% ($5.7M/$183.4M)	QoQ +16.80% (+$820.0K) YoY +9.19% (+$480.0K)
(cusip921078101)✕	12.8K	QoQ -35.26% (-7.0K) YoY NEW(+12.8K)	All Managers (Combined)	$385.6K	0.2% ($385.6K/$183.4M)	QoQ -22.87% (-$114.4K) YoY NEW(+$385.6K)