Q2 2025 · 13F-HR
Merk Investments LLCholdings as filed
Filed 2025-08-14 · accession 0001420506-25-002137
$246.1M
Reported value
11
Positions
2025-06-30
Period end
The Brief · Merk Investments LLC · Q2 2025
AI · grounded in 13F
Merk Investments LLC established a new position in ORLA valued at $62.1M. The fund also initiated stakes in AMERICAS GOLD AND SILVER COR for $57.5M and EQX for $28.3M. Other new additions include ALAMOS GOLD INC NEW, AEM, and ANGLOGOLD ASHANTI PLC.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 68634K106 | ORLA | ORLA MNG LTD NEW | $62.1M | 25.2% | 6,200,000 | Common | SOLE |
| 03062D100 | SPMEUR | AMERICAS GOLD AND SILVER COR | $57.5M | 23.4% | 71,151,028 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $28.3M | 11.5% | 4,900,000 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $26.6M | 10.8% | 1,000,000 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $19.6M | 7.97% | 165,000 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $12.5M | 5.09% | 275,000 | Common | SOLE |
| 38059T106 | GFI | GOLD FIELDS LTD | $11.8M | 4.81% | 500,000 | Common | SOLE |
| 59124U605 | MTA | METALLA RTY & STREAMING LTD | $11.5M | 4.68% | 3,000,000 | Common | SOLE |
| 45826T509 | ITRG | INTEGRA RES CORP | $8.3M | 3.38% | 5,524,510 | Common | SOLE |
| 11777Q209 | BTG | B2GOLD CORP | $7.2M | 2.93% | 2,000,000 | Common | SOLE |
| 921078101 | OUNZ | VANECK MERK GOLD ETF | $613,851 | 0.25% | 19,249 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.