Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Nov 15, 2021

Total Value ($000): $132,070 (100.0% shares, 0.0% debt)

Holdings (14)

ORLA ORLA MNG LTD NEW 20.5%

Value ($000) $27,061 Shares 8,200,000 Est. Cost $4.19 Unrealized -10.8%

SSRM SSR MNG INC 11.6%

Value ($000) $15,272 Shares 1,050,000 Est. Cost $16.88 Unrealized -6.1%

— ANGLOGOLD ASHANTI LIMITED 9.7%

Value ($000) $12,792 Shares 800,000 Est. Cost $22.62 Unrealized —

— BARRICK GOLD CORP 9.6%

Value ($000) $12,635 Shares 700,000 Est. Cost $24.12 Unrealized —

GFI GOLD FIELDS LTD 9.2%

Value ($000) $12,180 Shares 1,500,000 Est. Cost $8.22 Unrealized —

AEM AGNICO EAGLE MINES LTD 7.9%

Value ($000) $10,370 Shares 200,000 Est. Cost $50.36 Unrealized +3.3%

AGI ALAMOS GOLD INC NEW 6.5%

Value ($000) $8,640 Shares 1,200,000 Est. Cost $5.19 Unrealized +43.3%

— INTEGRA RES CORP 5.6%

Value ($000) $7,390 Shares 3,230,000 Est. Cost $2.85 Unrealized —

OUNZ VANECK MERK GOLD TR 5.4%

Value ($000) $7,088 Shares 414,726 Est. Cost $14.98 Unrealized —

BTG B2GOLD CORP 5.2%

Value ($000) $6,840 Shares 2,000,000 Est. Cost $2.82 Unrealized +14.0%

— GOLDEN STAR RES LTD CDA 3.3%

Value ($000) $4,403 Shares 1,850,000 Est. Cost $4.92 Unrealized —

— AMERICAS GOLD AND SILVER COR 2.8%

Value ($000) $3,667 Shares 4,601,400 Est. Cost $2.86 Unrealized —

SBSW SIBANYE STILLWATER LTD 2.6%

Value ($000) $3,369 Shares 273,043 Est. Cost $5.30 Unrealized —

EWY ISHARES INC 0.3%

Value ($000) $363 Shares 4,500 Est. Cost $57.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLA	ORLA MNG LTD NEW	8,200,000	$27,061	20.5%	$4.19	-10.8%	COM	68634K106
SSRM	SSR MNG INC	1,050,000	$15,272	11.6%	$16.88	-6.1%	COM	784730103
—	ANGLOGOLD ASHANTI LIMITED	800,000	$12,792	9.7%	$22.62	—	SPONSORED ADR	035128206
—	BARRICK GOLD CORP	700,000	$12,635	9.6%	$24.12	—	COM	067901108
GFI	GOLD FIELDS LTD	1,500,000	$12,180	9.2%	$8.22	—	SPONSORED ADR	38059T106
AEM	AGNICO EAGLE MINES LTD	200,000	$10,370	7.9%	$50.36	+3.3%	COM	008474108
AGI	ALAMOS GOLD INC NEW	1,200,000	$8,640	6.5%	$5.19	+43.3%	COM CL A	011532108
—	INTEGRA RES CORP	3,230,000	$7,390	5.6%	$2.85	—	COM NEW	45826T301
OUNZ	VANECK MERK GOLD TR	414,726	$7,088	5.4%	$14.98	—	GOLD TRUST	921078101
BTG	B2GOLD CORP	2,000,000	$6,840	5.2%	$2.82	+14.0%	COM	11777Q209
—	GOLDEN STAR RES LTD CDA	1,850,000	$4,403	3.3%	$4.92	—	COM	38119T807
—	AMERICAS GOLD AND SILVER COR	4,601,400	$3,667	2.8%	$2.86	—	COM	03062D100
SBSW	SIBANYE STILLWATER LTD	273,043	$3,369	2.6%	$5.30	—	SPONSORED ADR	82575P107
EWY	ISHARES INC	4,500	$363	0.3%	$57.11	—	MSCI STH KOR ETF	464286772