Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value ($000): $139,567 (100.0% shares, 0.0% debt)

Holdings (17)

AEM AGNICO EAGLE MINES LTD 18.4%

Value ($000) $25,624 Shares 400,000 Est. Cost $50.36 Unrealized +2.8%

— BARRICK GOLD CORPORATION 16.3%

Value ($000) $22,798 Shares 850,000 Est. Cost $24.12 Unrealized —

AGI ALAMOS GOLD INC NEW 10.8%

Value ($000) $15,008 Shares 1,600,000 Est. Cost $5.19 Unrealized +41.5%

BTG B2GOLD CORP 10.2%

Value ($000) $14,225 Shares 2,500,000 Est. Cost $2.82 Unrealized +42.7%

SSRM SSR MNG INC 9.1%

Value ($000) $12,744 Shares 600,000 Est. Cost $15.57 Unrealized +15.2%

OUNZ VANECK MERK GOLD TRUST 6.2%

Value ($000) $8,722 Shares 501,833 Est. Cost $14.85 Unrealized —

— AMERICAS GOLD AND SILVER COR 5.7%

Value ($000) $7,918 Shares 1,975,000 Est. Cost $3.32 Unrealized —

— MAVERIX METALS INC 4.8%

Value ($000) $6,663 Shares 1,500,000 Est. Cost $5.67 Unrealized —

GFI GOLD FIELDS LTD 4.5%

Value ($000) $6,302 Shares 670,423 Est. Cost $6.60 Unrealized —

— KIRKLAND LAKE GOLD LTD 4.4%

Value ($000) $6,156 Shares 150,000 Est. Cost $29.12 Unrealized —

— GOLDEN STAR RES LTD CDA 3.8%

Value ($000) $5,365 Shares 1,850,000 Est. Cost $4.92 Unrealized —

— MAG SILVER CORP 3.3%

Value ($000) $4,583 Shares 325,000 Est. Cost $11.84 Unrealized —

— SILVERCREST METALS INC 1.6%

Value ($000) $2,285 Shares 250,000 Est. Cost $8.77 Unrealized —

ASHR DBX ETF TR 0.3%

Value ($000) $359 Shares 12,100 Est. Cost $28.39 Unrealized —

MCHI ISHARES TR 0.2%

Value ($000) $288 Shares 4,400 Est. Cost $62.56 Unrealized —

PAAS PAN AMERN SILVER CORP 0.2%

Value ($000) $270 Shares 393,200 Est. Cost $20.77 Unrealized +14.2%

EWY ISHARES INC 0.2%

Value ($000) $257 Shares 4,500 Est. Cost $57.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AEM	AGNICO EAGLE MINES LTD	400,000	$25,624	18.4%	$50.36	+2.8%	COM	008474108
—	BARRICK GOLD CORPORATION	850,000	$22,798	16.3%	$24.12	—	COM	067901108
AGI	ALAMOS GOLD INC NEW	1,600,000	$15,008	10.8%	$5.19	+41.5%	COM CL A	011532108
BTG	B2GOLD CORP	2,500,000	$14,225	10.2%	$2.82	+42.7%	COM	11777Q209
SSRM	SSR MNG INC	600,000	$12,744	9.1%	$15.57	+15.2%	COM	784730103
OUNZ	VANECK MERK GOLD TRUST	501,833	$8,722	6.2%	$14.85	—	GOLD TRUST	921078101
—	AMERICAS GOLD AND SILVER COR	1,975,000	$7,918	5.7%	$3.32	—	COM	03062D100
—	MAVERIX METALS INC	1,500,000	$6,663	4.8%	$5.67	—	COM NEW	57776F405
GFI	GOLD FIELDS LTD	670,423	$6,302	4.5%	$6.60	—	SPONSORED ADR	38059T106
—	KIRKLAND LAKE GOLD LTD	150,000	$6,156	4.4%	$29.12	—	COM	49741E100
—	GOLDEN STAR RES LTD CDA	1,850,000	$5,365	3.8%	$4.92	—	COM	38119T807
—	MAG SILVER CORP	325,000	$4,583	3.3%	$11.84	—	COM	55903Q104
—	SILVERCREST METALS INC	250,000	$2,285	1.6%	$8.77	—	COM	828363101
ASHR	DBX ETF TR	12,100	$359	0.3%	$28.39	—	XTRACK HRVST CSI	233051879
MCHI	ISHARES TR	4,400	$288	0.2%	$62.56	—	MSCI CHINA ETF	46429B671
PAAS	PAN AMERN SILVER CORP	393,200	$270	0.2%	$20.77	+14.2%	COM	697900108
EWY	ISHARES INC	4,500	$257	0.2%	$57.11	—	MSCI STH KOR ETF	464286772