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Euro Pacific Asset Management, LLC SEC 13F Holdings (Q3 2026) — Top Position: AGNICO EAGLE MINES LTD
Euro Pacific Asset Management, LLCCIK: 0001796651
Diversified strategySector-focusedMomentum follower
Total reported value
$1.2B
Reporting period: 2026-09-30 · Number of holdings: 108
Euro Pacific Asset Management, LLC disclosed 108 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.2B and a quarterly turnover rate of 41.8%.
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Personality snowflake
- Concentration
- 13.71
- Portfolio Stability
- 41.78
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 83.48
Euro Pacific Asset Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.034 — mathematically equivalent to about 29 equally-sized positions, well below its 108 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.65), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 64% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd NEM
+53.4% $42.1M
Add EQX
+66.9% $28.9M
Trim TFPM
-0.3% -$6.7M
Trim OHI
0.0% -$11.3M
Trim BTI
+11.2% $600.7K
Sold out ORLA
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 7.38% | +0.68% | -0.30% | |
| 2 | B | Barrick Mining CORP | Stock-Materials | 5.47% | -0.97% | -0.68% | |
| 3 | FNV | Franco-nevada CORP | Stock-Materials | 5.43% | -0.67% | +1.09% | |
| 4 | PAAS | Pan American Silver CORP | Stock-Materials | 5.25% | -0.17% | -0.15% | |
| 5 | MTA | Metalla Royalty & Streaming | Stock-Other | 5.00% | +0.12% | -0.21% | |
| 6 | NEM | Newmont CORP | Stock-Materials | 4.75% | +2.93% | +53.35% | |
| 7 | FSM | Fortuna Mining CORP | Stock-Other | 4.44% | +0.07% | -0.19% | |
| 8 | EQX | Equinox Gold CORP | Stock-Other | 4.40% | +1.58% | +66.94% | |
| 9 | BTG | B2gold CORP | Stock-Other | 3.81% | +0.31% | +4.21% | |
| 10 | RGLD | Royal Gold Inc | Stock-Materials | 3.73% | +0.03% | +5.25% | |
| 11 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 3.64% | +0.09% | -0.02% | |
| 12 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 3.29% | -1.22% | +11.23% | |
| 13 | OR | Or Royalties Inc | Stock-Other | 3.18% | -0.41% | +2.34% | |
| 14 | AU | AngloGold Ashanti plc | Stock-Materials | 2.62% | +0.01% | +4.41% | |
| 15 | IAG | Iamgold CORP | Stock-Other | 2.25% | -0.10% | +5.31% | |
| 16 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 2.23% | +0.16% | -0.16% | |
| 17 | ELE | Elemental Royalty CORP | Stock-Other | 2.15% | -0.06% | +5.03% | |
| 18 | KGC | Kinross Gold CORP | Stock-Materials | 2.03% | +0.67% | +5.71% | |
| 19 | ACN | Accenture plc | Stock-Tech | 1.83% | +0.97% | +11.10% | |
| 20 | DC | Dakota Gold CORP | Stock-Other | 1.76% | -0.01% | -0.01% | |
| 21 | EQNR | Equinor Asa-spon Adr | Stock-Energy | 1.45% | +0.18% | +33.20% | |
| 22 | TFPM | Triple Flag Precious Met | Stock-Materials | 1.42% | -1.32% | -0.30% | |
| 23 | OUNZ | Vaneck Merk Gold ETF | ETF-Commodities | 1.31% | -0.34% | -0.74% | |
| 24 | TTE | TotalEnergies SE | Stock-Other | 1.28% | +0.56% | -0.62% | |
| 25 | BP | Bp Plc-spons Adr | Stock-Energy | 1.27% | -0.41% | -0.32% | |
| 26 | SHEL | Shell Plc-adr | Stock-Energy | 1.20% | +0.71% | -1.06% | |
| 27 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 1.09% | +0.36% | +16.25% | |
| 28 | BNS | Bank Of Nova Scotia | Stock-Financials | 0.98% | -0.61% | -24.00% | |
| 29 | VOD | Vodafone Group Plc-sp Adr | Stock-Comm Services | 0.94% | +0.92% | +45047.47% | |
| 30 | CEF | Sprott Physical Gold And Sil | Stock-Other | 0.93% | -0.57% | -1.43% | |
| 31 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 0.84% | +0.09% | -0.84% | |
| 32 | SKM | Sk Telecom Co Ltd-spon Adr | Stock-Other | 0.70% | -0.10% | +0.24% | |
| 33 | PM | Philip Morris International | Stock-Consumer Staples | 0.70% | +0.27% | -0.49% | |
| 34 | NTR | Nutrien LTD | Stock-Materials | 0.65% | +0.29% | -0.40% | |
| 35 | VALE | Vale Sa-sp Adr | Stock-Materials | 0.62% | -0.05% | -0.03% | |
| 36 | ABEV | Ambev Sa-adr | Stock-Consumer Staples | 0.55% | -0.32% | -1.62% | |
| 37 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.53% | -0.03% | -0.86% | |
| 38 | WRN | Western Copper And Gold CORP | Stock-Other | 0.52% | -0.83% | -0.44% | |
| 39 | PSLV | Sprott Physical Silver Trust | Stock-Other | 0.50% | -0.05% | -1.97% | |
| 40 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.48% | -0.10% | +6.44% | |
| 41 | TLK | Telkom Indonesia Persero-adr | Stock-Other | 0.45% | +0.26% | -0.59% | |
| 42 | BCE | Bce Inc | Stock-Comm Services | 0.40% | -0.12% | -0.98% | |
| 43 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.40% | +0.35% | -0.48% | |
| 44 | ASML | ASML Holding N.V. | Stock-Tech | 0.38% | -0.27% | -0.04% | |
| 45 | IE | Ivanhoe Electric Inc / US | Stock-Other | 0.37% | -0.09% | -1.07% | |
| 46 | UL | Unilever Plc-sponsored Adr | Stock-Consumer Staples | 0.35% | +0.07% | -0.21% | |
| 47 | AQN | Algonquin Power & Utilities | Stock-Other | 0.33% | -0.15% | — | |
| 48 | BBD | Banco Bradesco-adr | Stock-Other | 0.31% | -0.13% | +3.19% | |
| 49 | NU | Nu Holdings Ltd. | Stock-Financials | 0.28% | — | +0.05% | |
| 50 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 0.27% | -0.13% | +0.36% |
1–50 of 108
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q4 2026
+12.5%
Performance Last 4 Quarters
+22.4%
- Stdev
- +29.1%
- Beta
- +0.31
- Alpha
- +26.7%
- Max Drawdown
- -27.5%
- Annualized Perf
- +34.1%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.28
- Stutzer
- +0.34
- Treynor
- +1.1
- Sterling
- +1.41
- Calmar
- +1.24
- Information Ratio
- +0.36
- Tracking Error
- +30%
- Stdev Down
- +14.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +120%
- Worst 12 Months
- +7.7%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.16
- Stdev Sectors
- +20.9%
- Skewness
- +0.13
- Kurtosis
- +0.08
- Upside Potential
- +3.85
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 108 | $1.2B | 42 | ||
| 2026 Q2 | 96 | $879.5M | 0 | ||
| 2026 Q1 | 96 | $1.0B | 16 | ||
| 2025 Q4 | 93 | $900.9M | 20 | ||
| 2025 Q3 | 89 | $828.7M | 60 | ||
| 2025 Q2 | 84 | $619.9M | 0 | ||
| 2025 Q1 | 79 | $551.1M | 100 | ||
| 2024 Q4 | 71 | $463.9M | 0 | ||
| 2024 Q3 | 75 | $542.5M | 0 | ||
| 2024 Q2 | 68 | $504.8M | 0 | ||
| 2024 Q1 | 72 | $491.4M | 0 | ||
| 2023 Q4 | 68 | $468.1M | 0 | ||
| 2023 Q3 | 68 | $427.1M | 0 | ||
| 2023 Q2 | 66 | $457.8M | 0 | ||
| 2023 Q1 | 66 | $466.4M | 0 | ||
| 2022 Q4 | 71 | $446.4M | 0 | ||
| 2022 Q3 | 60 | $380.7M | 0 | ||
| 2022 Q2 | 64 | $422.1M | 0 | ||
| 2022 Q1 | 62 | $509.7M | 0 | ||
| 2021 Q4 | 62 | $443.9M | 0 | ||
| 2021 Q3 | 56 | $382.8M | 0 | ||
| 2021 Q2 | 48 | $410.2M | 100 | ||
| 2021 Q1 | 51 | $389.4M | 16 | ||
| 2020 Q4 | 54 | $412.2M | 26 | ||
| 2020 Q3 | 53 | $394.8M | 23 | ||
| 2020 Q2 | 47 | $358.5M | 21 | ||
| 2020 Q1 | 42 | $301.9M | 36 | ||
| 2019 Q4 | 41 | $276.7M | — |
Holding changes this quarter
Euro Pacific Asset Management, LLC's most significant position changes for 2026-09-30: Sold out: Orla Mining LTD (ORLA); New buy: Sea Ltd-adr (SE); New buy: Sap Se-sponsored Adr (SAP); New buy: Hdfc Bank Ltd-adr (HDB); New buy: Netease Inc-adr (NTES).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NEM | Newmont CORP | +2.9% | +53.35% | Add |
| 2 | EQX | Equinox Gold CORP | +1.6% | +66.94% | Add |
| 3 | ACN | Accenture plc | +1% | +11.10% | Add |
| 4 | VOD | Vodafone Group Plc-sp Adr | +0.9% | +45047.47% | Add |
| 5 | SHEL | Shell Plc-adr | +0.7% | -1.06% | Trim |
| 6 | AEM | Agnico Eagle Mines LTD | +0.7% | -0.30% | Trim |
| 7 | KGC | Kinross Gold CORP | +0.7% | +5.71% | Add |
| 8 | TTE | TotalEnergies SE | +0.6% | -0.62% | Trim |
| 9 | KSPI | Jsc Kaspi.kz Adr | +0.4% | +16.25% | Add |
| 10 | RIO | Rio Tinto Plc-spon Adr | +0.4% | -0.48% | Trim |
| 11 | BTG | B2gold CORP | +0.3% | +4.21% | Add |
| 12 | NTR | Nutrien LTD | +0.3% | -0.40% | Trim |
| 13 | PM | Philip Morris International | +0.3% | -0.49% | Trim |
| 14 | TLK | Telkom Indonesia Persero-adr | +0.3% | -0.59% | Trim |
| 15 | SE | Sea Ltd-adr | +0.2% | NEW | New buy |
| 16 | EQNR | Equinor Asa-spon Adr | +0.2% | +33.20% | Add |
| 17 | NVO | Novo-nordisk A/s-spons Adr | +0.2% | -0.16% | Trim |
| 18 | SAP | Sap Se-sponsored Adr | +0.2% | NEW | New buy |
| 19 | SNY | Sanofi-adr | +0.1% | -1.07% | Trim |
| 20 | HDB | Hdfc Bank Ltd-adr | +0.1% | NEW | New buy |
| 21 | MTA | Metalla Royalty & Streaming | +0.1% | -0.21% | Trim |
| 22 | MELI | Mercadolibre Inc | +0.1% | +248.34% | Add |
| 23 | NTES | Netease Inc-adr | +0.1% | NEW | New buy |
| 24 | WPM | Wheaton Precious Metals CORP | +0.1% | -0.02% | Trim |
| 25 | GSK | Gsk Plc-spon Adr | +0.1% | -0.84% | Trim |
| 26 | FSM | Fortuna Mining CORP | +0.1% | -0.19% | Trim |
| 27 | UL | Unilever Plc-sponsored Adr | +0.1% | -0.21% | Trim |
| 28 | PHYS | Sprott Physical Gold Trust | +0.1% | +1.80% | Add |
| 29 | GDX | Vaneck Gold Miners ETF | +0.1% | — | Unchanged |
| 30 | AG | First Majestic Silver CORP | +0.1% | +20.86% | Add |
| 31 | VWOB | Vanguard Emerg Mkts Gov Bnd | +0.1% | — | Unchanged |
| 32 | QUAL | Ishares Msci USA Quality Fac | +0.1% | NEW | New buy |
| 33 | ASR | Grupo Aeroportuario Sur-adr | 0% | +19.33% | Add |
| 34 | USHY | Ishares Broad Usd High Yield | 0% | — | Unchanged |
| 35 | ACWX | Ishares Msci Acwi Ex US ETF | 0% | NEW | New buy |
| 36 | HSBC | Hsbc Holdings Plc-spons Adr | 0% | NEW | New buy |
| 37 | RGLD | Royal Gold Inc | 0% | +5.25% | Add |
| 38 | GDXJ | Vaneck Junior Gold Miners | 0% | — | Unchanged |
| 39 | BABA | Alibaba Group Holding-sp Adr | 0% | NEW | New buy |
| 40 | VZ | Verizon Communications Inc | 0% | NEW | New buy |
| 41 | VT | Vanguard Tot World Stk ETF | 0% | NEW | New buy |
| 42 | MSFT | Microsoft CORP | 0% | NEW | New buy |
| 43 | YUMC | Yum China Holdings Inc | 0% | NEW | New buy |
| 44 | URA | Global X Uranium ETF | 0% | — | Unchanged |
| 45 | COP | Conocophillips | 0% | NEW | New buy |
| 46 | CSCO | Cisco Systems Inc | 0% | NEW | New buy |
| 47 | BAP | Credicorp Ltd. | 0% | NEW | New buy |
| 48 | BMY | Bristol-myers Squibb Co | 0% | NEW | New buy |
| 49 | AU | AngloGold Ashanti plc | 0% | +4.41% | Add |
| 50 | TSM | Taiwan Semiconductor-sp Adr | 0% | +4.07% | Add |
1–50 of 112
Filing History
FAQ
What is Euro Pacific Asset Management, LLC and what type of investor is it?
Euro Pacific Asset Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 108 disclosed positions.
What are Euro Pacific Asset Management, LLC's largest equity positions?
Based on the latest 13F filing, Euro Pacific Asset Management, LLC's top holdings by market value are:
1. Agnico Eagle Mines LTD (AEM) — $90.2M (7.4%)
2. Barrick Mining CORP (B) — $66.9M (5.5%)
3. Franco-nevada CORP (FNV) — $66.4M (5.4%)
4. Pan American Silver CORP (PAAS) — $64.1M (5.3%)
5. Metalla Royalty & Streaming (MTA) — $61.1M (5.0%)
What changes did Euro Pacific Asset Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Euro Pacific Asset Management, LLC made 95 notable position adjustments: 16 new positions were initiated, 41 existing holdings were added to, 34 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Orla Mining LTD (ORLA); New buy: Sea Ltd-adr (SE); New buy: Sap Se-sponsored Adr (SAP); New buy: Hdfc Bank Ltd-adr (HDB); New buy: Netease Inc-adr (NTES)
What sectors does Euro Pacific Asset Management, LLC focus on?
Euro Pacific Asset Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Materials: 69.8%
• Consumer Staples: 7.8%
• Energy: 6.3%
• Health Care: 6.0%
• Information Technology: 4.4%
• Financials: 2.7%
Investment Profile
Euro Pacific Asset Management, LLC returned an annualized 34.1% over the trailing 36 months — outperforming the S&P 500 by 26.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.31 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 69.8% of the portfolio concentrated in Materials.
Its turnover score has fallen from 60 to 42 over the past 4 quarters — a shift toward longer holding periods.
It has added to its MTA position over the past two quarters (+$24.1M, now $61.1M), while trimming USFR over the same stretch (-$881.3K, still holding $1.4M).
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Developer Access
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