Euro Pacific Asset Management, LLC — 13F Holdings & Portfolio

CIK 1796651 · latest 13F-HR filed 2026-10-13

Euro Pacific Asset Management, LLC manages $1.22B in 13F-reported U.S. long-equity assets across 108 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are AEM (7.38%), B (5.47%), FNV (5.43%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 16 new positions and exited 4; 60 existing positions rose in reported value and 24 fell.

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.

AUM

$1.22B

Long-equity book

Holdings

108

Distinct positions

Period

2026-09-30

Filed 2026-10-13

Q/Q Activity

+16 / −4 / ↑60 / ↓24

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26

AEM7.4% · -0%B5.5% · -1%FNV5.4% · +1%PAAS5.2% · -0%MTA5.0% · -0%NEM4.8% · +53%FSM4.4% · -0%EQX4.4% · +67%BTG3.8% · +4%RGLD3.7% · +5%WPM3.6% · -0%BTI3.3% · +11%OR3.2% · +2%AU2.6% · +4%IAG2.2% · +5%NVO2.2% · -0%ELE2.2% · +5%KGC2.0% · +6%ACN1.8% · +11%DC1.8% · -0%EQNR1.5% · +33%TFPM1.4% · -0%OUNZ1.3% · -1%TTE1.3% · -1%BP1.3% · -0%SHEL1.2% · -1%KSPI1.1% · +16%BNS1.0% · -24%VOD0.9% · +45048%CEF0.9% · -1%GSK0.8% · -1%SKM0.7% · +0%PM0.7% · -0%NTR0.7% · -0%VALE0.6% · -0%ABEV0.5% · -2%NVS0.5% · -1%WRN0.5% · -0%PSLV0.5% · -2%BHP0.5% · +6%TLK0.5% · -1%BCE0.4% · -1%RIO0.4% · -0%ASML0.4% · -0%IE0.4% · -1%UL0.3% · -0%AQN0.3% · 0%BBD0.3% · +3%NU0.3% · +0%ITUB0.3% · +0%FEMB0.3% · +0%GFI0.3% · +0%SE0.2% · new GRAB0.2% · 0%MELI0.2% · +248%SNY0.2% · -1%SAP0.2% · new IGOV0.2% · +1%FMC0.1% · +0%HDB0.1% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 49.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jul 31, 2026.

Assets Under Management

$2.18B

Discretionary

$2.18B

Employees

Accounts

3,661

Address

LOTS 81-82, STREET C
SUITE 206
DORADO, PR 00646

Phone

(866) 878-2881

Website

www.linkedin.com/company/epamfunds
www.europacificfunds.com
x.com/EPAMFunds

This firm reports 1 disclosure item on its registration.

Name	Title / Status	Ownership	Type
NELSON, JAMES, RYAN Control	MANAGING MEMBER since Dec 2009	10–25%	Individual
QUAIN, MICHAEL, KEVIN Control	CHIEF COMPLIANCE OFFICER, ACTING AS PRINCIPAL IN QUAIN COMPLIANCE CONSULTING, LLC since Aug 2015	Less than 5%	Individual
SCHIFF, PETER, DAVID Control	MEMBER since Dec 2009	75% or more	Individual

Ownership & leadership changes · 2 filings with changes since Feb 1, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 18, 2015 filing

No longer listedHAMILTON, CANDACE, CAROLE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2010
AddedQUAIN, MICHAEL, KEVIN · CHIEF COMPLIANCE OFFICER, ACTING AS PRINCIPAL IN QUAIN COMPLIANCE CONSULTING, LLC · Less than 5% · control person

Jan 16, 2013 filing

ChangedNELSON, JAMES, RYAN · title MANAGER → MANAGING MEMBER; ownership Less than 5% → 10–25%

Feb 1, 2012 filing (earliest on record)

ListedHAMILTON, CANDACE, CAROLE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
ListedNELSON, JAMES, RYAN · MANAGER · Less than 5% · control person
ListedSCHIFF, PETER, DAVID · MEMBER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

NEWMONT CORP$42.1M +262.5%
AGNICO EAGLE MINES LTD$31.3M +53.1%
EQUINOX GOLD CORP$28.9M +116.5%
METALLA RTY & STREAMING LTD$18.2M +42.4%
PAN AMERN SILVER CORP$16.4M +34.5%

Show all 60 →

Top Trims

OMEGA HEALTHCARE INVS INC-$11.3M -97.7%
TRIPLE FLAG PRECIOUS METAL-$6.7M -28.0%
WESTERN COPPER & GOLD CORP-$5.5M -46.1%
INTERNATIONAL BUSINESS MACHS-$5.3M -96.0%
BANK NOVA SCOTIA B C-$2.0M -14.1%

Show all 24 →

New Positions

Show all 16 →

Exited Positions

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#	Issuer	Symbol	CUSIP	Value	Δ

Euro Pacific Asset Management, LLC Holdings (2026-09-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	AGNICO EAGLE MINES LTD	AEM	008474108	$90.2M	7.38%	444,325	SH
2	BARRICK MNG CORP	B	06849F108	$66.9M	5.47%	1,489,562	SH
3	FRANCO NEV CORP	FNV	351858105	$66.4M	5.43%	251,885	SH
4	PAN AMERN SILVER CORP	PAAS	697900108	$64.1M	5.25%	1,235,554	SH
5	METALLA RTY & STREAMING LTD	MTA	59124U605	$61.1M	5.00%	5,830,289	SH
6	NEWMONT CORP	NEM	651639106	$58.1M	4.75%	457,938	SH
7	FORTUNA MNG CORP	FSM	349942102	$54.3M	4.44%	4,488,002	SH
8	EQUINOX GOLD CORP	EQX	29446Y502	$53.8M	4.40%	4,181,021	SH
9	B2GOLD CORP	BTG	11777Q209	$46.6M	3.81%	8,491,724	SH
10	ROYAL GOLD INC	RGLD	780287108	$45.6M	3.73%	174,231	SH
11	WHEATON PRECIOUS METALS CORP	WPM	962879102	$44.5M	3.64%	294,338	SH
12	BRITISH AMERN TOB PLC	BTI	110448107	$40.3M	3.29%	721,947	SH
13	OR ROYALTIES INC.	OR	68390D106	$38.9M	3.18%	1,053,179	SH
14	ANGLOGOLD ASHANTI PLC	AU	G0378L100	$32.0M	2.62%	285,337	SH
15	IAMGOLD CORP	IAG	450913108	$27.5M	2.25%	1,344,447	SH
16	NOVO-NORDISK A S	NVO	670100205	$27.2M	2.23%	593,191	SH
17	ELEMENTAL RTY CORP	ELE	28620K106	$26.3M	2.15%	1,152,194	SH
18	KINROSS GOLD CORP	KGC	496902404	$24.8M	2.03%	805,507	SH
19	ACCENTURE PLC IRELAND	ACN	G1151C101	$22.3M	1.83%	117,454	SH
20	DAKOTA GOLD CORP	DC	46655E100	$21.5M	1.76%	3,539,308	SH
21	EQUINOR ASA	EQNR	29446M102	$17.8M	1.45%	414,023	SH
22	TRIPLE FLAG PRECIOUS METAL	TFPM	89679M104	$17.4M	1.42%	515,122	SH
23	VANECK MERK GOLD ETF	OUNZ	921078101	$16.0M	1.31%	373,719	SH
24	TOTALENERGIES SE	TTE	F92124100	$15.7M	1.28%	174,706	SH
25	BP PLC	BP	055622104	$15.5M	1.27%	358,097	SH
26	SHELL PLC	SHEL	780259305	$14.7M	1.20%	158,055	SH
27	KASPI KZ JSC	KSPI	48581R205	$13.4M	1.09%	126,161	SH
28	BANK NOVA SCOTIA B C	BNS	064149107	$12.0M	0.98%	128,821	SH
29	VODAFONE GROUP PLC	VOD	92857W308	$11.5M	0.94%	7,018,174	SH
30	SPROTT ASSET MANAGEMENT LP	CEF	85208R101	$11.4M	0.93%	252,049	SH
31	GSK PLC	GSK	37733W204	$10.3M	0.84%	204,907	SH
32	SK TELECOM CO LTD	SKM	78440P306	$8.6M	0.70%	223,754	SH
33	PHILIP MORRIS INTL INC	PM	718172109	$8.6M	0.70%	45,653	SH
34	NUTRIEN LTD	NTR	67077M108	$7.9M	0.65%	101,897	SH
35	VALE S A	VALE	91912E105	$7.6M	0.62%	499,476	SH
36	AMBEV SA	ABEV	02319V103	$6.7M	0.55%	2,262,903	SH
37	NOVARTIS AG	NVS	66987V109	$6.4M	0.53%	41,100	SH
38	WESTERN COPPER & GOLD CORP	WRN	95805V108	$6.4M	0.52%	2,556,308	SH
39	SPROTT ASSET MANAGEMENT LP	PSLV	85207K107	$6.1M	0.50%	279,022	SH
40	BHP BILLITON LIMITED	BHP	088606108	$5.8M	0.48%	64,831	SH
41	TELEKOMUNIKASI IND	TLK	715684106	$5.6M	0.45%	377,946	SH
42	BCE INC	BCE	05534B760	$4.8M	0.40%	205,041	SH
43	RIO TINTO PLC	RIO	767204100	$4.8M	0.40%	46,918	SH
44	ASML HLDG NV	ASML	N07059210	$4.6M	0.38%	2,724	SH
45	IVANHOE ELECTRIC INC	IE	46578C108	$4.6M	0.37%	414,453	SH
46	UNILEVER PLC	UL	904767803	$4.2M	0.35%	65,754	SH
47	ALGONQUIN POWER & UTILITIES	AQN	015857105	$4.0M	0.33%	703,450	SH
48	BANCO BRADESCO S A	BBD	059460303	$3.7M	0.31%	1,136,944	SH
49	NU HLDGS LTD	NU	G6683N103	$3.4M	0.28%	231,251	SH
50	ITAU UNIBANCO HLDG S A	ITUB	465562106	$3.2M	0.27%	426,002	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-09-30	2026-10-13	$1.22B	108	0001796651-26-000007
2026-06-30	2026-08-06	$879.5M	96	0001796651-26-000004
2026-03-31	2026-05-06	$1.01B	96	0001796651-26-000003
2025-12-31	2026-01-21	$900.9M	93	0001796651-26-000002

Filer Information

Address

LOTS 81-82, STREET C, STE. 206
DORADO, PR 00646

Phone

(949) 878-8057

Filing Manager

Euro Pacific Asset Management, LLC

DORADO, PR

Signatory

Michael Quain

Chief Compliance Officer