Q1 2026 · 13F-HR
Merk Investments LLCholdings as filed
Filed 2026-05-18 · accession 0001420506-26-001171
$367.9M
Reported value
11
Positions
2026-03-31
Period end
The Brief · Merk Investments LLC · Q1 2026
AI · grounded in 13F
Merk Investments LLC established a new position in VersaMet Royalties Corp VMET valued at $13.28M. The fund also increased its holdings in VanEck Merk Gold ETF OUNZ by 49.56%. Conversely, it trimmed its position in Americas Gold and Silver Corp USAS by 17.23%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 03062D803 | USAS | AMERICAS GOLD AND SILVER COR | $101.2M | 27.5% | 19,392,000 | Common | SOLE |
| 68634K106 | ORLA | ORLA MNG LTD NEW | $100.0M | 27.2% | 6,200,000 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $70.8M | 19.2% | 4,900,000 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC | $20.0M | 5.43% | 450,000 | Common | SOLE |
| 59124U605 | MTA | METALLA RTY & STREAMING LTD | $19.9M | 5.41% | 3,000,000 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $16.2M | 4.41% | 80,000 | Common | SOLE |
| 92528V200 | VMET | VERSAMET ROYALTIES CORP | $13.3M | 3.61% | 1,400,000 | Common | SOLE |
| 11777Q209 | BTG | B2GOLD CORP | $9.1M | 2.46% | 2,000,000 | Common | SOLE |
| 64440N103 | NFGC | NEW FOUND GOLD CORP | $8.9M | 2.41% | 4,750,000 | Common | SOLE |
| 45826T509 | ITRG | INTEGRA RES CORP | $7.0M | 1.90% | 2,562,526 | Common | SOLE |
| 921078101 | OUNZ | VANECK MERK GOLD ETF | $1.5M | 0.42% | 34,200 | 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.