Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 20, 2021

Total Value ($000): $159,903

Holdings (17)

ORLA ORLA MNG LTD NEW 19.1%

Value ($000) $30,534 Shares 8,200,000 Est. Cost $4.19 Unrealized 0.0%

— ANGLOGOLD ASHANTI LIMITED 11.0%

Value ($000) $17,576 Shares 800,000 Est. Cost $22.62 Unrealized —

SSRM SSR MNG INC 10.3%

Value ($000) $16,443 Shares 1,150,000 Est. Cost $18.54 Unrealized -11.9%

AEM AGNICO EAGLE MINES LTD 9.0%

Value ($000) $14,452 Shares 250,000 Est. Cost $50.36 Unrealized +13.5%

GFI GOLD FIELDS LTD 8.9%

Value ($000) $14,235 Shares 1,500,000 Est. Cost $8.22 Unrealized —

— BARRICK GOLD CORP 8.7%

Value ($000) $13,885 Shares 700,000 Est. Cost $24.12 Unrealized —

AGI ALAMOS GOLD INC NEW 6.8%

Value ($000) $10,934 Shares 1,400,000 Est. Cost $5.19 Unrealized +48.7%

— AMERICAS GOLD AND SILVER COR 6.5%

Value ($000) $10,434 Shares 4,601,400 Est. Cost $2.86 Unrealized —

BTG B2GOLD CORP 5.4%

Value ($000) $8,620 Shares 2,000,000 Est. Cost $2.82 Unrealized +41.6%

OUNZ VANECK MERK GOLD TR 4.4%

Value ($000) $6,997 Shares 420,739 Est. Cost $14.93 Unrealized —

— GOLDEN STAR RES LTD CDA 3.4%

Value ($000) $5,457 Shares 1,850,000 Est. Cost $4.92 Unrealized —

SBSW SIBANYE STILLWATER LTD 3.0%

Value ($000) $4,877 Shares 273,043 Est. Cost $5.30 Unrealized —

— CORVUS GOLD INC 2.2%

Value ($000) $3,580 Shares 2,000,000 Est. Cost $2.93 Unrealized —

— INTEGRA RES CORP 0.4%

Value ($000) $649 Shares 240,001 Est. Cost $2.70 Unrealized —

ASHR DBX ETF TR 0.3%

Value ($000) $467 Shares 12,100 Est. Cost $28.39 Unrealized —

EWY ISHARES INC 0.3%

Value ($000) $404 Shares 4,500 Est. Cost $57.11 Unrealized —

MCHI ISHARES TR 0.2%

Value ($000) $359 Shares 4,400 Est. Cost $62.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLA	ORLA MNG LTD NEW	8,200,000	$30,534	19.1%	$4.19	0.0%	—	68634K106
—	ANGLOGOLD ASHANTI LIMITED	800,000	$17,576	11.0%	$22.62	—	—	035128206
SSRM	SSR MNG INC	1,150,000	$16,443	10.3%	$18.54	-11.9%	—	784730103
AEM	AGNICO EAGLE MINES LTD	250,000	$14,452	9.0%	$50.36	+13.5%	—	008474108
GFI	GOLD FIELDS LTD	1,500,000	$14,235	8.9%	$8.22	—	—	38059T106
—	BARRICK GOLD CORP	700,000	$13,885	8.7%	$24.12	—	—	067901108
AGI	ALAMOS GOLD INC NEW	1,400,000	$10,934	6.8%	$5.19	+48.7%	—	011532108
—	AMERICAS GOLD AND SILVER COR	4,601,400	$10,434	6.5%	$2.86	—	—	03062D100
BTG	B2GOLD CORP	2,000,000	$8,620	5.4%	$2.82	+41.6%	—	11777Q209
OUNZ	VANECK MERK GOLD TR	420,739	$6,997	4.4%	$14.93	—	—	921078101
—	GOLDEN STAR RES LTD CDA	1,850,000	$5,457	3.4%	$4.92	—	—	38119T807
SBSW	SIBANYE STILLWATER LTD	273,043	$4,877	3.0%	$5.30	—	—	82575P107
—	CORVUS GOLD INC	2,000,000	$3,580	2.2%	$2.93	—	—	221013105
—	INTEGRA RES CORP	240,001	$649	0.4%	$2.70	—	—	45826T301
ASHR	DBX ETF TR	12,100	$467	0.3%	$28.39	—	—	233051879
EWY	ISHARES INC	4,500	$404	0.3%	$57.11	—	—	464286772
MCHI	ISHARES TR	4,400	$359	0.2%	$62.56	—	—	46429B671