Filed: 11/14/2025ACC: 0001420506-25-003403
📋 What this filing means
MERK INVESTMENTS LLC filed this quarterly 13F‑HR report disclosing 11 equity positions with a total reported market value of $324.94M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
11
Positions
$324.94M
Total AUM (reported)
49.30M
Total Shares
Allocation by class
COM$323.95M99.7%
GOLD TRUST$989.4K0.3%
Portfolio Concentration
Top 3$217.38M66.9%
4–10$106.57M32.8%
11–25$989.4K0.3%
Top 3 weight
66.9%
Top 10 weight
99.7%
Voting Authority Distribution
Total shares with voting rights: 49.30M
Sole
Full voting authority
49.30M
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:
AMERICAS GOLD AND SILVER
SOLEShares25.68M
TypeSH
Market value$95.53M
29.40%
Sole
25.68M
Shared
0.00
None
0.00
ORLA MINING LTD
SOLEShares6.20M
TypeSH
Market value$66.96M
20.61%
Sole
6.20M
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares4.90M
TypeSH
Market value$54.89M
16.89%
Sole
4.90M
Shared
0.00
None
0.00
ALAMOS GOLD INC
SOLEShares750K
TypeSH
Market value$26.14M
8.05%
Sole
750K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares140K
TypeSH
Market value$23.60M
7.26%
Sole
140K
Shared
0.00
None
0.00
METALLA ROYALTY
SOLEShares3M
TypeSH
Market value$19.05M
5.86%
Sole
3M
Shared
0.00
None
0.00
INTEGRA RESOURCE
SOLEShares4M
TypeSH
Market value$11.80M
3.63%
Sole
4M
Shared
0.00
None
0.00
GOLD FIELDS LTD-ADR
SOLEShares250K
TypeSH
Market value$10.49M
3.23%
Sole
250K
Shared
0.00
None
0.00
B2GOLD CORP
SOLEShares2M
TypeSH
Market value$9.90M
3.05%
Sole
2M
Shared
0.00
None
0.00
NEW FOUND GOLD CORP
SOLEShares2.35M
TypeSH
Market value$5.59M
1.72%
Sole
2.35M
Shared
0.00
None
0.00
VANECK MERK GOLD ETF
SOLEShares26.60K
TypeSH
Market value$989.4K
0.30%
Sole
26.60K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AMERICAS GOLD AND SILVERSOLE | COM | 25.68M | SH | $95.53M 29.40% | 25.68M | 0.00 | 0.00 |
ORLA MINING LTDSOLE | COM | 6.20M | SH | $66.96M 20.61% | 6.20M | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | COM | 4.90M | SH | $54.89M 16.89% | 4.90M | 0.00 | 0.00 |
ALAMOS GOLD INCSOLE | COM | 750K | SH | $26.14M 8.05% | 750K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 140K | SH | $23.60M 7.26% | 140K | 0.00 | 0.00 |
METALLA ROYALTYSOLE | COM | 3M | SH | $19.05M 5.86% | 3M | 0.00 | 0.00 |
INTEGRA RESOURCESOLE | COM | 4M | SH | $11.80M 3.63% | 4M | 0.00 | 0.00 |
GOLD FIELDS LTD-ADRSOLE | COM | 250K | SH | $10.49M 3.23% | 250K | 0.00 | 0.00 |
B2GOLD CORPSOLE | COM | 2M | SH | $9.90M 3.05% | 2M | 0.00 | 0.00 |
NEW FOUND GOLD CORPSOLE | COM | 2.35M | SH | $5.59M 1.72% | 2.35M | 0.00 | 0.00 |
VANECK MERK GOLD ETFSOLE | Gold Trust | 26.60K | SH | $989.4K 0.30% | 26.60K | 0.00 | 0.00 |