Merk Investments LLC — 13F Holdings

2026 Q2  ·  11 Positions

2026 Q2 Portfolio Activity

In 2026 Q2, Merk Investments LLC maintained a portfolio of 11 distinct positions. They heavily accumulated shares in NEW FOUND GOLD CORP, increasing the position by 243.4%.
Position History hover any row below to update
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Merk Investments LLC Palo Alto, CA Asset Manager AUM $314M
PCA Score Concentration Risk
Risk ENB
Total Positions
11
Quarter
2026 Q2
Top Holding
USAS (29.2%)
Top 10 Concentration
99.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-11 of 11

Merk Investments LLC Full Holdings List — 2026 Q2

Stock History Sector / Type Port % Prev % Rank / Prev Conviction
Freshness
Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
USAS
AMERICAS GOLD A...
Basic Materials 29.20% 27.52% #1
Prev: #1
7.0
no change no change
P
S
19,392,000 $91,545,806 2019 Q4 13F Filing 2026-06-30 2026-08-14
ORLA
ORLA MNG LTD NE...
Basic Materials 21.86% 27.18% #2
Prev: #2
7.5
800,000 12.9%
P
S
7,000,000 $68,530,000 2021 Q1 13F Filing 2026-06-30 2026-08-14
EQX
EQUINOX GOLD CO...
Basic Materials 15.23% 19.24% #3
Prev: #3
6.0
no change no change
P
S
4,900,000 $47,747,576 2025 Q2 13F Filing 2026-06-30 2026-08-14
NFGC
NEW FOUND GOLD ...
Basic Materials 8.03% 2.41% #4 5
Prev: #9
6.7
11,562,500 243.4%
P
S
16,312,500 $25,189,053 2025 Q3 13F Filing 2026-06-30 2026-08-14
MTA
METALLA RTY & S...
Basic Materials 7.28% 5.41% #5
Prev: #5
4.4
no change no change
P
S
3,000,000 $22,830,000 2024 Q1 13F Filing 2026-06-30 2026-08-14
N/A
VERSAMET ROYALT...
Unknown 5.48% 3.61% #6 1
Prev: #7
3.2
no change no change
P
S
1,400,000 $17,185,968 13F Filing 2026-06-30 2026-08-14
AGI
ALAMOS GOLD INC
Basic Materials 4.35% 5.43% #7 3
Prev: #4
2.7
no change no change
P
S
450,000 $13,653,000 2019 Q4 13F Filing 2026-06-30 2026-08-14
AEM
AGNICO EAGLE MI...
Basic Materials 3.96% 4.41% #8 2
Prev: #6
2.6
no change no change
P
S
80,000 $12,410,400 2019 Q4 13F Filing 2026-06-30 2026-08-14
BTG
B2GOLD CORP
Basic Materials 2.39% 2.46% #9 1
Prev: #8
2.0
no change no change
P
S
2,000,000 $7,480,000 2019 Q4 13F Filing 2026-06-30 2026-08-14
ITRG
INTEGRA RES COR...
Basic Materials 1.85% 1.90% #10
Prev: #10
1.7
no change no change
P
S
2,562,526 $5,813,874 2023 Q2 13F Filing 2026-06-30 2026-08-14
OUNZ
VANECK MERK GOL...
ETF 0.37% 0.42% #11
Prev: #11
0.6
-4,406 -12.9%
P
S
29,794 $1,149,750 2019 Q4 13F Filing 2026-06-30 2026-08-14
Showing 1-11 of 11 holdings

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