Merk Investments LLC — 13F Holdings & Portfolio
CIK 1302842 · latest 13F-HR filed 2026-08-14
Merk Investments LLC manages $313.5M in 13F-reported U.S. long-equity assets across 11 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are USAS (29.20%), ORLA (21.86%), EQX (15.23%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions, exited 0, added to 3, and trimmed 8.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
#455
PALO ALTO, CA 94301
$313.5M
Long-equity book
11
Distinct positions
2026-06-30
Filed 2026-08-14
+0 / −0 / ↑3 / ↓8
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NEW FOUND GOLD CORP$16.3M +183.7%
- VERSAMET ROYALTIES CORP$3.9M +29.4%
- METALLA RTY & STREAMING LTD$2.9M +14.8%
Top Trims
- ORLA MNG LTD NEW-$31.5M -31.5%
- EQUINOX GOLD CORP-$23.0M -32.5%
- AMERICAS GOLD AND SILVER COR-$9.7M -9.6%
- ALAMOS GOLD INC-$6.3M -31.7%
- AGNICO EAGLE MINES LTD-$3.8M -23.6%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AMERICAS GOLD AND SILVER COR | USAS | 03062D803 | $91.5M | 29.20% | 19,392,000 | SH |
| 2 | ORLA MNG LTD NEW | ORLA | 68634K106 | $68.5M | 21.86% | 7,000,000 | SH |
| 3 | EQUINOX GOLD CORP | EQX | 29446Y502 | $47.7M | 15.23% | 4,900,000 | SH |
| 4 | NEW FOUND GOLD CORP | NFGC | 64440N103 | $25.2M | 8.03% | 16,312,500 | SH |
| 5 | METALLA RTY & STREAMING LTD | MTA | 59124U605 | $22.8M | 7.28% | 3,000,000 | SH |
| 6 | VERSAMET ROYALTIES CORP | VMET | 92528V200 | $17.2M | 5.48% | 1,400,000 | SH |
| 7 | ALAMOS GOLD INC | AGI | 011532108 | $13.7M | 4.35% | 450,000 | SH |
| 8 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $12.4M | 3.96% | 80,000 | SH |
| 9 | B2GOLD CORP | BTG | 11777Q209 | $7.5M | 2.39% | 2,000,000 | SH |
| 10 | INTEGRA RES CORP | ITRG | 45826T509 | $5.8M | 1.85% | 2,562,526 | SH |
| 11 | VANECK MERK GOLD ETF | OUNZ | 921078101 | $1.1M | 0.37% | 29,794 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $313.5M | 11 | 0001420506-26-001784 |
| 2026-03-31 | 2026-05-18 | $367.9M | 11 | 0001420506-26-001171 |
| 2025-12-31 | 2026-02-13 | $360.7M | 10 | 0001420506-26-000380 |
| 2025-09-30 | 2025-11-14 | $324.9M | 11 | 0001420506-25-003403 |