Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value ($000): $101,674 (100.0% shares, 0.0% debt)

Holdings (15)

ORLA ORLA MNG LTD NEW 23.1%

Value ($000) $23,507 Shares 7,200,000 Est. Cost $4.19 Unrealized -26.8%

SSRM SSR MNG INC 11.6%

Value ($000) $11,763 Shares 800,000 Est. Cost $16.88 Unrealized -10.8%

— BARRICK GOLD CORP 9.9%

Value ($000) $10,075 Shares 650,000 Est. Cost $24.12 Unrealized —

AGI ALAMOS GOLD INC NEW 8.7%

Value ($000) $8,892 Shares 1,200,000 Est. Cost $5.19 Unrealized +39.7%

AEM AGNICO EAGLE MINES LTD 8.3%

Value ($000) $8,446 Shares 200,000 Est. Cost $50.36 Unrealized -21.7%

— ANGLOGOLD ASHANTI LIMITED 8.2%

Value ($000) $8,292 Shares 600,000 Est. Cost $22.62 Unrealized —

GFI GOLD FIELDS LTD 8.0%

Value ($000) $8,090 Shares 1,000,000 Est. Cost $8.22 Unrealized —

BTG B2GOLD CORP 6.3%

Value ($000) $6,440 Shares 2,000,000 Est. Cost $2.82 Unrealized +1.4%

OUNZ VANECK MERK GOLD TR 4.9%

Value ($000) $4,999 Shares 309,904 Est. Cost $15.01 Unrealized —

SKE SKEENA RES LTD NEW 3.2%

Value ($000) $3,276 Shares 700,000 Est. Cost $10.34 Unrealized -50.8%

SBSW SIBANYE STILLWATER LTD 2.5%

Value ($000) $2,544 Shares 273,043 Est. Cost $5.30 Unrealized —

— AMERICAS GOLD AND SILVER COR 1.9%

Value ($000) $1,902 Shares 4,601,400 Est. Cost $2.86 Unrealized —

— INTEGRA RES CORP 1.7%

Value ($000) $1,747 Shares 3,230,000 Est. Cost $2.85 Unrealized —

SCHP SCHWAB STRATEGIC TR 1.5%

Value ($000) $1,504 Shares 29,042 Est. Cost $55.41 Unrealized —

DBO INVESCO DB MULTI-SECTOR COMM 0.2%

Value ($000) $197 Shares 13,009 Est. Cost $18.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLA	ORLA MNG LTD NEW	7,200,000	$23,507	23.1%	$4.19	-26.8%	COM	68634K106
SSRM	SSR MNG INC	800,000	$11,763	11.6%	$16.88	-10.8%	COM	784730103
—	BARRICK GOLD CORP	650,000	$10,075	9.9%	$24.12	—	COM	067901108
AGI	ALAMOS GOLD INC NEW	1,200,000	$8,892	8.7%	$5.19	+39.7%	COM CL A	011532108
AEM	AGNICO EAGLE MINES LTD	200,000	$8,446	8.3%	$50.36	-21.7%	COM	008474108
—	ANGLOGOLD ASHANTI LIMITED	600,000	$8,292	8.2%	$22.62	—	SPONSORED ADR	035128206
GFI	GOLD FIELDS LTD	1,000,000	$8,090	8.0%	$8.22	—	SPONSORED ADR	38059T106
BTG	B2GOLD CORP	2,000,000	$6,440	6.3%	$2.82	+1.4%	COM	11777Q209
OUNZ	VANECK MERK GOLD TR	309,904	$4,999	4.9%	$15.01	—	GOLD TRUST	921078101
SKE	SKEENA RES LTD NEW	700,000	$3,276	3.2%	$10.34	-50.8%	COM	83056P715
SBSW	SIBANYE STILLWATER LTD	273,043	$2,544	2.5%	$5.30	—	SPONSORED ADR	82575P107
—	AMERICAS GOLD AND SILVER COR	4,601,400	$1,902	1.9%	$2.86	—	COM	03062D100
—	INTEGRA RES CORP	3,230,000	$1,747	1.7%	$2.85	—	COM NEW	45826T301
SCHP	SCHWAB STRATEGIC TR	29,042	$1,504	1.5%	$55.41	—	US TIPS ETF	808524870
DBO	INVESCO DB MULTI-SECTOR COMM	13,009	$197	0.2%	$18.22	—	OIL FD	46140H403