Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 9, 2022

Total Value ($000): $146,272 (100.0% shares, 0.0% debt)

Holdings (14)

ORLA ORLA MNG LTD NEW 21.4%

Value ($000) $31,310 Shares 8,200,000 Est. Cost $4.19 Unrealized -9.4%

— ANGLOGOLD ASHANTI LIMITED 11.5%

Value ($000) $16,784 Shares 800,000 Est. Cost $22.62 Unrealized —

GFI GOLD FIELDS LTD 11.3%

Value ($000) $16,485 Shares 1,500,000 Est. Cost $8.22 Unrealized —

— BARRICK GOLD CORP 9.1%

Value ($000) $13,300 Shares 700,000 Est. Cost $24.12 Unrealized —

SSRM SSR MNG INC 7.9%

Value ($000) $11,491 Shares 1,050,000 Est. Cost $16.88 Unrealized +1.4%

AEM AGNICO EAGLE MINES LTD 7.3%

Value ($000) $10,628 Shares 200,000 Est. Cost $50.36 Unrealized -5.1%

AGI ALAMOS GOLD INC NEW 6.3%

Value ($000) $9,228 Shares 1,200,000 Est. Cost $5.19 Unrealized +44.4%

BTG B2GOLD CORP 5.4%

Value ($000) $7,860 Shares 2,000,000 Est. Cost $2.82 Unrealized +19.9%

OUNZ VANECK MERK GOLD TR 5.1%

Value ($000) $7,457 Shares 419,414 Est. Cost $15.01 Unrealized —

SKE SKEENA RES LTD NEW 5.0%

Value ($000) $7,301 Shares 700,000 Est. Cost $10.34 Unrealized 0.0%

— INTEGRA RES CORP 4.7%

Value ($000) $6,945 Shares 3,230,000 Est. Cost $2.85 Unrealized —

— AMERICAS GOLD AND SILVER COR 2.5%

Value ($000) $3,710 Shares 4,601,400 Est. Cost $2.86 Unrealized —

SBSW SIBANYE STILLWATER LTD 2.3%

Value ($000) $3,423 Shares 273,043 Est. Cost $5.30 Unrealized —

EWY ISHARES INC 0.2%

Value ($000) $350 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	$31,310	21.4%	$4.19	-9.4%	COM	68634K106
—	ANGLOGOLD ASHANTI LIMITED	800,000	$16,784	11.5%	$22.62	—	SPONSORED ADR	035128206
GFI	GOLD FIELDS LTD	1,500,000	$16,485	11.3%	$8.22	—	SPONSORED ADR	38059T106
—	BARRICK GOLD CORP	700,000	$13,300	9.1%	$24.12	—	COM	067901108
SSRM	SSR MNG INC	1,050,000	$11,491	7.9%	$16.88	+1.4%	COM	784730103
AEM	AGNICO EAGLE MINES LTD	200,000	$10,628	7.3%	$50.36	-5.1%	COM	008474108
AGI	ALAMOS GOLD INC NEW	1,200,000	$9,228	6.3%	$5.19	+44.4%	COM CL A	011532108
BTG	B2GOLD CORP	2,000,000	$7,860	5.4%	$2.82	+19.9%	COM	11777Q209
OUNZ	VANECK MERK GOLD TR	419,414	$7,457	5.1%	$15.01	—	GOLD TRUST	921078101
SKE	SKEENA RES LTD NEW	700,000	$7,301	5.0%	$10.34	0.0%	COM	83056P715
—	INTEGRA RES CORP	3,230,000	$6,945	4.7%	$2.85	—	COM NEW	45826T301
—	AMERICAS GOLD AND SILVER COR	4,601,400	$3,710	2.5%	$2.86	—	COM	03062D100
SBSW	SIBANYE STILLWATER LTD	273,043	$3,423	2.3%	$5.30	—	SPONSORED ADR	82575P107
EWY	ISHARES INC	4,500	$350	0.2%	$57.11	—	MSCI STH KOR ETF	464286772