CIK: 0001302842
Total reported value
$367.9M
Reporting period: 2026-03-31 · Number of holdings: 11
Merk Investments LLC disclosed 11 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $367.9M and a quarterly turnover rate of 18.7%.
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Sector classification currently covers about 10% 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.
Trim USAS
-17.2% -$18.5M
Add ORLA
0.0% $16.5M
Trim NFGC
0.0% -$5.2M
Trim MTA
0.0% -$3.5M
Trim ITRG
0.0% -$3.3M
Add AEM
0.0% $2.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | USAS | Americas Gold And Silver Cor | Stock-Other | 27.52% | -5.68% | -17.23% | |
| 2 | ORLA | Orla Mining LTD | Stock-Other | 27.18% | +4.03% | — | |
| 3 | EQX | Equinox Gold CORP | Stock-Other | 19.24% | +0.15% | — | |
| 4 | AGI | Alamos Gold Inc-class A | Stock-Materials | 5.43% | +0.62% | — | |
| 5 | MTA | Metalla Royalty & Streaming | Stock-Other | 5.41% | -1.06% | — | |
| 6 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 4.41% | +0.65% | — | |
| 7 | VMET | Versamet Royalties CORP | Stock-Other | 3.61% | +3.61% | NEW | |
| 8 | BTG | B2gold CORP | Stock-Other | 2.46% | -0.04% | — | |
| 9 | NFGC | New Found Gold CORP | Stock-Other | 2.41% | -1.49% | — | |
| 10 | ITRG | Integra Resources CORP | Stock-Other | 1.90% | -0.95% | — | |
| 11 | OUNZ | Vaneck Merk Gold ETF | ETF-Commodities | 0.42% | +0.16% | +49.56% |
Performance for Q3 2026
—
Performance Last 4 Quarters
+38.1%
Based on 45% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 11 | $367.9M | 19 | |
| 2025-12-31 | 10 | $360.7M | 29 | |
| 2025-09-30 | 11 | $324.9M | 84 | |
| 2025-06-30 | 11 | $246.1M | 0 | |
| 2025-03-31 | 10 | $183.4M | 100 | |
| 2024-12-31 | 10 | $97.4M | 0 | |
| 2024-09-30 | 11 | $105.6M | 0 | |
| 2024-06-30 | 12 | $89.7M | 0 | |
| 2024-03-31 | 13 | $89.6M | 0 | |
| 2023-12-31 | 14 | $94.0M | 0 | |
| 2023-09-30 | 14 | $88.5M | 0 | |
| 2023-06-30 | 14 | $126.1M | 0 | |
| 2023-03-31 | 15 | $115.1M | 0 | |
| 2022-12-31 | 15 | $110.5M | 0 | |
| 2022-09-30 | 15 | $101.7M | 0 | |
| 2022-06-30 | 17 | $443.6M | 0 | |
| 2022-03-31 | 14 | $179.4M | 0 | |
| 2021-12-31 | 14 | $146.3M | 0 | |
| 2021-09-30 | 14 | $132.1M | 0 | |
| 2021-06-30 | 17 | $153.1M | 100 | |
| 2021-03-31 | 17 | $159.9M | 52 | |
| 2020-12-31 | 18 | $186.0M | 31 | |
| 2020-09-30 | 17 | $166.4M | 33 | |
| 2020-06-30 | 17 | $139.6M | 47 | |
| 2020-03-31 | 17 | $97.6M | 55 | |
| 2019-12-31 | 16 | $154.0M | 0 |
Merk Investments LLC's most significant position changes for 2026-03-31: New buy: Versamet Royalties CORP (VMET); Trim: Americas Gold And Silver Cor (USAS) — shares -17.23%; Add: Vaneck Merk Gold ETF (OUNZ) — shares +49.56%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ORLA | Orla Mining LTD | +4% | — | Unchanged |
| 2 | AEM | Agnico Eagle Mines LTD | +0.7% | — | Unchanged |
| 3 | AGI | Alamos Gold Inc-class A | +0.6% | — | Unchanged |
| 4 | OUNZ | Vaneck Merk Gold ETF | +0.2% | +49.56% | Add |
| 5 | EQX | Equinox Gold CORP | +0.2% | — | Unchanged |
| 6 | BTG | B2gold CORP | 0% | — | Unchanged |
| 7 | ITRG | Integra Resources CORP | -1% | — | Unchanged |
| 8 | MTA | Metalla Royalty & Streaming | -1.1% | — | Unchanged |
| 9 | NFGC | New Found Gold CORP | -1.5% | — | Unchanged |
| 10 | USAS | Americas Gold And Silver Cor | -5.7% | -17.23% | Trim |
| 11 | VMET | Versamet Royalties CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-18 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-16 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-16 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-09 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-20 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-13 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
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