Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q4 2019 (Next →)

Filing Date: Feb 14, 2020

Total Value ($000): $154,013 (100.0% shares, 0.0% debt)

Holdings (16)

AEM AGNICO EAGLE MINES LTD 16.0%

Value ($000) $24,644 Shares 400,000 Est. Cost $50.36 Unrealized 0.0%

— BARRICK GOLD CORPORATION 15.7%

Value ($000) $24,120 Shares 1,000,000 Est. Cost $24.12 Unrealized —

BTG B2GOLD CORP 10.1%

Value ($000) $15,630 Shares 3,000,000 Est. Cost $2.82 Unrealized 0.0%

SSRM SSR MNG INC 9.7%

Value ($000) $14,994 Shares 600,000 Est. Cost $15.57 Unrealized 0.0%

AGI ALAMOS GOLD INC NEW 8.9%

Value ($000) $13,703 Shares 1,750,000 Est. Cost $5.19 Unrealized 0.0%

— MAVERIX METALS INC 6.4%

Value ($000) $9,915 Shares 1,750,000 Est. Cost $5.67 Unrealized —

— GOLDEN STAR RES LTD CDA 5.9%

Value ($000) $9,102 Shares 1,850,000 Est. Cost $4.92 Unrealized —

OUNZ VANECK MERK GOLD TRUST 5.8%

Value ($000) $8,857 Shares 596,412 Est. Cost $14.85 Unrealized —

— PRETIUM RES INC 5.2%

Value ($000) $8,069 Shares 725,000 Est. Cost $11.13 Unrealized —

NEM NEWMONT GOLDCORP CORPORATION 4.2%

Value ($000) $6,518 Shares 150,000 Est. Cost $32.71 Unrealized 0.0%

— AMERICAS GOLD AND SILVER COR 3.9%

Value ($000) $6,003 Shares 1,475,000 Est. Cost $4.07 Unrealized —

GFI GOLD FIELDS LTD NEW 2.9%

Value ($000) $4,425 Shares 670,423 Est. Cost $6.60 Unrealized —

— MAG SILVER CORP 2.5%

Value ($000) $3,848 Shares 325,000 Est. Cost $11.84 Unrealized —

— SILVERCREST METALS INC 2.4%

Value ($000) $3,727 Shares 425,000 Est. Cost $8.77 Unrealized —

ASHR DBX ETF TR 0.2%

Value ($000) $240 Shares 8,100 Est. Cost $29.63 Unrealized —

MCHI ISHARES TR 0.1%

Value ($000) $218 Shares 3,400 Est. Cost $64.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AEM	AGNICO EAGLE MINES LTD	400,000	$24,644	16.0%	$50.36	0.0%	COM	008474108
—	BARRICK GOLD CORPORATION	1,000,000	$24,120	15.7%	$24.12	—	COM	067901108
BTG	B2GOLD CORP	3,000,000	$15,630	10.1%	$2.82	0.0%	COM	11777Q209
SSRM	SSR MNG INC	600,000	$14,994	9.7%	$15.57	0.0%	COM	784730103
AGI	ALAMOS GOLD INC NEW	1,750,000	$13,703	8.9%	$5.19	0.0%	COM CL A	011532108
—	MAVERIX METALS INC	1,750,000	$9,915	6.4%	$5.67	—	COM NEW	57776F405
—	GOLDEN STAR RES LTD CDA	1,850,000	$9,102	5.9%	$4.92	—	COM	38119T807
OUNZ	VANECK MERK GOLD TRUST	596,412	$8,857	5.8%	$14.85	—	GOLD TRUST	921078101
—	PRETIUM RES INC	725,000	$8,069	5.2%	$11.13	—	COM	74139C102
NEM	NEWMONT GOLDCORP CORPORATION	150,000	$6,518	4.2%	$32.71	0.0%	COM	651639106
—	AMERICAS GOLD AND SILVER COR	1,475,000	$6,003	3.9%	$4.07	—	COM	03062D100
GFI	GOLD FIELDS LTD NEW	670,423	$4,425	2.9%	$6.60	—	SPONSORED ADR	38059T106
—	MAG SILVER CORP	325,000	$3,848	2.5%	$11.84	—	COM	55903Q104
—	SILVERCREST METALS INC	425,000	$3,727	2.4%	$8.77	—	COM	828363101
ASHR	DBX ETF TR	8,100	$240	0.2%	$29.63	—	XTRACK HRVST CSI	233051879
MCHI	ISHARES TR	3,400	$218	0.1%	$64.12	—	MSCI CHINA ETF	46429B671