Merk Investments LLC

CIK: 0001302842SEC EDGAR →

Portfolio Value

$360.7B

Holdings

10

As of

Q4 2025

New Positions

2

Closed Positions

2

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

AMERICAS GOLD AND SILVER COR

23,429,000$119.7B
33.20%
2

ORLA MNG LTD NEW

6,200,000$83.5B
23.15%
3

EQUINOX GOLD CORP

4,900,000$68.9B
19.09%
4

METALLA RTY & STREAMING LTD

3,000,000$23.3B
6.47%
5

ALAMOS GOLD INC NEW

450,000$17.4B
4.81%
6

NEW FOUND GOLD CORP

4,750,000$14.1B
3.90%
7

AGNICO EAGLE MINES LTD

80,000$13.6B
3.76%
8

INTEGRA RES CORP

2,562,526$10.3B
2.85%
9

B2GOLD CORP

2,000,000$9.0B
2.50%
10

VANECK MERK GOLD ETF

22,867$948.0M
0.26%

Quarterly Changes

Top Buys

NFG↑ Increased
$8.5B

Top Sells

SZ7↓ Decreased
$24.2B
EDGCLOSED
$10.5B
AEM↓ Decreased
$10.0B
AGI↓ Decreased
$8.8B
ITR↓ Decreased
$1.5B

Closed Positions (1)

$10.5B · 250K shares

Sector Breakdown

Sector# HoldingsValue%
Unknown3$213.5B59.2%
Basic Materials4$123.1B34.1%
Energy1$14.1B3.9%
Technology2$10.0B2.8%