Filed: 8/14/2025ACC: 0001420506-25-002137
📋 What this filing means
MERK INVESTMENTS LLC filed this quarterly 13F‑HR report disclosing 11 equity positions with a total reported market value of $246.09M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
11
Positions
$246.09M
Total AUM (reported)
94.73M
Total Shares
Allocation by class
COM$183.03M74.4%
COM CL A$26.56M10.8%
COM SHS$12.53M5.1%
SPONSORED ADR$11.84M4.8%
COM NEW$11.52M4.7%
GOLD SHS$613.9K0.2%
Portfolio Concentration
Top 3$147.88M60.1%
4–10$97.60M39.7%
11–25$613.9K0.2%
Top 3 weight
60.1%
Top 10 weight
99.8%
Voting Authority Distribution
Total shares with voting rights: 94.73M
Sole
Full voting authority
94.73M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole11
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings11
Rows:
ORLA MNG LTD NEW
SOLEShares6.20M
TypeSH
Market value$62.12M
25.24%
Sole
6.20M
Shared
0.00
None
0.00
AMERICAS GOLD AND SILVER COR
SOLEShares71.15M
TypeSH
Market value$57.47M
23.35%
Sole
71.15M
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares4.90M
TypeSH
Market value$28.28M
11.49%
Sole
4.90M
Shared
0.00
None
0.00
ALAMOS GOLD INC NEW
SOLEShares1M
TypeSH
Market value$26.56M
10.79%
Sole
1M
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares165K
TypeSH
Market value$19.62M
7.97%
Sole
165K
Shared
0.00
None
0.00
ANGLOGOLD ASHANTI PLC
SOLEShares275K
TypeSH
Market value$12.53M
5.09%
Sole
275K
Shared
0.00
None
0.00
GOLD FIELDS LTD
SOLEShares500K
TypeSH
Market value$11.84M
4.81%
Sole
500K
Shared
0.00
None
0.00
METALLA RTY & STREAMING LTD
SOLEShares3M
TypeSH
Market value$11.52M
4.68%
Sole
3M
Shared
0.00
None
0.00
INTEGRA RES CORP
SOLEShares5.52M
TypeSH
Market value$8.31M
3.38%
Sole
5.52M
Shared
0.00
None
0.00
B2GOLD CORP
SOLEShares2M
TypeSH
Market value$7.22M
2.93%
Sole
2M
Shared
0.00
None
0.00
VANECK MERK GOLD ETF
SOLEShares19.25K
TypeSH
Market value$613.9K
0.25%
Sole
19.25K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ORLA MNG LTD NEWSOLE | COM | 6.20M | SH | $62.12M 25.24% | 6.20M | 0.00 | 0.00 |
AMERICAS GOLD AND SILVER CORSOLE | COM | 71.15M | SH | $57.47M 23.35% | 71.15M | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | COM | 4.90M | SH | $28.28M 11.49% | 4.90M | 0.00 | 0.00 |
ALAMOS GOLD INC NEWSOLE | COM CL A | 1M | SH | $26.56M 10.79% | 1M | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 165K | SH | $19.62M 7.97% | 165K | 0.00 | 0.00 |
ANGLOGOLD ASHANTI PLCSOLE | COM SHS | 275K | SH | $12.53M 5.09% | 275K | 0.00 | 0.00 |
GOLD FIELDS LTDSOLE | SPONSORED ADR | 500K | SH | $11.84M 4.81% | 500K | 0.00 | 0.00 |
METALLA RTY & STREAMING LTDSOLE | COM NEW | 3M | SH | $11.52M 4.68% | 3M | 0.00 | 0.00 |
INTEGRA RES CORPSOLE | COM | 5.52M | SH | $8.31M 3.38% | 5.52M | 0.00 | 0.00 |
B2GOLD CORPSOLE | COM | 2M | SH | $7.22M 2.93% | 2M | 0.00 | 0.00 |
VANECK MERK GOLD ETFSOLE | GOLD SHS | 19.25K | SH | $613.9K 0.25% | 19.25K | 0.00 | 0.00 |