Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 16, 2021

Total Value ($000): $185,964 (100.0% shares, 0.0% debt)

Holdings (17)

AEM AGNICO EAGLE MINES LTD 12.5%

Value ($000) $23,268 Shares 330,000 Est. Cost $50.36 Unrealized +30.3%

SSRM SSR MNG INC 12.4%

Value ($000) $23,072 Shares 1,150,000 Est. Cost $18.54 Unrealized +2.8%

— ANGLOGOLD ASHANTI LIMITED 10.9%

Value ($000) $20,322 Shares 898,420 Est. Cost $22.62 Unrealized —

— BARRICK GOLD CORP 9.8%

Value ($000) $18,210 Shares 800,000 Est. Cost $24.12 Unrealized —

BTG B2GOLD CORP 8.8%

Value ($000) $16,300 Shares 2,250,000 Est. Cost $2.82 Unrealized +75.8%

— MAVERIX METALS INC 8.6%

Value ($000) $15,913 Shares 3,000,000 Est. Cost $5.22 Unrealized —

GFI GOLD FIELDS LTD 8.5%

Value ($000) $15,759 Shares 1,700,000 Est. Cost $8.22 Unrealized —

AGI ALAMOS GOLD INC NEW 6.6%

Value ($000) $12,250 Shares 1,400,000 Est. Cost $5.19 Unrealized +64.0%

— AMERICAS GOLD AND SILVER COR 6.4%

Value ($000) $11,838 Shares 3,696,400 Est. Cost $3.00 Unrealized —

OUNZ VANECK MERK GOLD TR 4.9%

Value ($000) $9,075 Shares 489,998 Est. Cost $14.93 Unrealized —

— GOLDEN STAR RES LTD CDA 3.7%

Value ($000) $6,864 Shares 1,850,000 Est. Cost $4.92 Unrealized —

— CORVUS GOLD INC 2.5%

Value ($000) $4,741 Shares 2,000,000 Est. Cost $2.93 Unrealized —

SBSW SIBANYE STILLWATER LTD 2.3%

Value ($000) $4,339 Shares 819,129 Est. Cost $5.30 Unrealized —

— SILVERCREST METALS INC 1.5%

Value ($000) $2,785 Shares 250,000 Est. Cost $8.77 Unrealized —

ASHR DBX ETF TR 0.3%

Value ($000) $485 Shares 12,100 Est. Cost $28.39 Unrealized —

EWY ISHARES INC 0.2%

Value ($000) $387 Shares 4,500 Est. Cost $57.11 Unrealized —

MCHI ISHARES TR 0.2%

Value ($000) $356 Shares 4,400 Est. Cost $62.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AEM	AGNICO EAGLE MINES LTD	330,000	$23,268	12.5%	$50.36	+30.3%	COM	008474108
SSRM	SSR MNG INC	1,150,000	$23,072	12.4%	$18.54	+2.8%	COM	784730103
—	ANGLOGOLD ASHANTI LIMITED	898,420	$20,322	10.9%	$22.62	—	SPONSORED ADR	035128206
—	BARRICK GOLD CORP	800,000	$18,210	9.8%	$24.12	—	COM	067901108
BTG	B2GOLD CORP	2,250,000	$16,300	8.8%	$2.82	+75.8%	COM	11777Q209
—	MAVERIX METALS INC	3,000,000	$15,913	8.6%	$5.22	—	COM NEW	57776F405
GFI	GOLD FIELDS LTD	1,700,000	$15,759	8.5%	$8.22	—	SPONSORED ADR	38059T106
AGI	ALAMOS GOLD INC NEW	1,400,000	$12,250	6.6%	$5.19	+64.0%	COM CL A	011532108
—	AMERICAS GOLD AND SILVER COR	3,696,400	$11,838	6.4%	$3.00	—	COM	03062D100
OUNZ	VANECK MERK GOLD TR	489,998	$9,075	4.9%	$14.93	—	GOLD TRUST	921078101
—	GOLDEN STAR RES LTD CDA	1,850,000	$6,864	3.7%	$4.92	—	COM	38119T807
—	CORVUS GOLD INC	2,000,000	$4,741	2.5%	$2.93	—	COM	221013105
SBSW	SIBANYE STILLWATER LTD	819,129	$4,339	2.3%	$5.30	—	SPONSORED ADR	82575P107
—	SILVERCREST METALS INC	250,000	$2,785	1.5%	$8.77	—	COM	828363101
ASHR	DBX ETF TR	12,100	$485	0.3%	$28.39	—	XTRACK HRVST CSI	233051879
EWY	ISHARES INC	4,500	$387	0.2%	$57.11	—	MSCI STH KOR ET	464286772
MCHI	ISHARES TR	4,400	$356	0.2%	$62.56	—	MSCI CHINA ETF	46429B671