Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value ($000): $97,567 (100.0% shares, 0.0% debt)

Holdings (17)

— BARRICK GOLD CORPORATION 16.8%

Value ($000) $16,352 Shares 900,000 Est. Cost $24.12 Unrealized —

AEM AGNICO EAGLE MINES LTD 16.3%

Value ($000) $15,916 Shares 400,000 Est. Cost $50.36 Unrealized -9.0%

BTG B2GOLD CORP 9.2%

Value ($000) $8,979 Shares 3,000,000 Est. Cost $2.82 Unrealized +12.6%

OUNZ VANECK MERK GOLD TRUST 9.1%

Value ($000) $8,863 Shares 575,887 Est. Cost $14.85 Unrealized —

AGI ALAMOS GOLD INC NEW 8.9%

Value ($000) $8,693 Shares 1,750,000 Est. Cost $5.19 Unrealized +7.7%

NEM NEWMONT CORP 7.0%

Value ($000) $6,792 Shares 150,000 Est. Cost $32.71 Unrealized +15.8%

SSRM SSR MNG INC 6.9%

Value ($000) $6,766 Shares 600,000 Est. Cost $15.57 Unrealized +5.7%

— KIRKLAND LAKE GOLD LTD 5.8%

Value ($000) $5,691 Shares 195,435 Est. Cost $29.12 Unrealized —

— MAVERIX METALS INC 5.1%

Value ($000) $4,943 Shares 1,500,000 Est. Cost $5.67 Unrealized —

— GOLDEN STAR RES LTD CDA 4.8%

Value ($000) $4,679 Shares 1,850,000 Est. Cost $4.92 Unrealized —

GFI GOLD FIELDS LTD NEW 3.3%

Value ($000) $3,185 Shares 670,423 Est. Cost $6.60 Unrealized —

— MAG SILVER CORP 2.6%

Value ($000) $2,496 Shares 325,000 Est. Cost $11.84 Unrealized —

— AMERICAS GOLD AND SILVER COR 2.3%

Value ($000) $2,218 Shares 1,975,000 Est. Cost $3.32 Unrealized —

— SILVERCREST METALS INC 1.3%

Value ($000) $1,295 Shares 250,000 Est. Cost $8.77 Unrealized —

ASHR DBX ETF TR 0.3%

Value ($000) $313 Shares 12,100 Est. Cost $28.39 Unrealized —

MCHI ISHARES TR 0.3%

Value ($000) $252 Shares 4,400 Est. Cost $62.56 Unrealized —

PAAS PAN AMERN SILVER CORP 0.1%

Value ($000) $134 Shares 393,200 Est. Cost $20.77 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BARRICK GOLD CORPORATION	900,000	$16,352	16.8%	$24.12	—	COM	067901108
AEM	AGNICO EAGLE MINES LTD	400,000	$15,916	16.3%	$50.36	-9.0%	COM	008474108
BTG	B2GOLD CORP	3,000,000	$8,979	9.2%	$2.82	+12.6%	COM	11777Q209
OUNZ	VANECK MERK GOLD TRUST	575,887	$8,863	9.1%	$14.85	—	GOLD TRUST	921078101
AGI	ALAMOS GOLD INC NEW	1,750,000	$8,693	8.9%	$5.19	+7.7%	COM CL A	011532108
NEM	NEWMONT CORP	150,000	$6,792	7.0%	$32.71	+15.8%	COM	651639106
SSRM	SSR MNG INC	600,000	$6,766	6.9%	$15.57	+5.7%	COM	784730103
—	KIRKLAND LAKE GOLD LTD	195,435	$5,691	5.8%	$29.12	—	COM	49741E100
—	MAVERIX METALS INC	1,500,000	$4,943	5.1%	$5.67	—	COM NEW	57776F405
—	GOLDEN STAR RES LTD CDA	1,850,000	$4,679	4.8%	$4.92	—	COM	38119T807
GFI	GOLD FIELDS LTD NEW	670,423	$3,185	3.3%	$6.60	—	SPONSORED ADR	38059T106
—	MAG SILVER CORP	325,000	$2,496	2.6%	$11.84	—	COM	55903Q104
—	AMERICAS GOLD AND SILVER COR	1,975,000	$2,218	2.3%	$3.32	—	COM	03062D100
—	SILVERCREST METALS INC	250,000	$1,295	1.3%	$8.77	—	COM	828363101
ASHR	DBX ETF TR	12,100	$313	0.3%	$28.39	—	XTRACK HRVST CSI	233051879
MCHI	ISHARES TR	4,400	$252	0.3%	$62.56	—	MSCI CHINA ETF	46429B671
PAAS	PAN AMERN SILVER CORP	393,200	$134	0.1%	$20.77	0.0%	COM	697900108