Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 13, 2023

Total Value ($000): $110,481 (100.0% shares, 0.0% debt)

Holdings (15)

ORLA ORLA MNG LTD NEW 26.4%

Value ($000) $29,140 Shares 7,200,000 Est. Cost $4.19 Unrealized -14.4%

SSRM SSR MNG INC 11.3%

Value ($000) $12,523 Shares 800,000 Est. Cost $16.88 Unrealized -13.2%

AGI ALAMOS GOLD INC NEW 10.5%

Value ($000) $11,627 Shares 1,150,000 Est. Cost $5.19 Unrealized +66.7%

— BARRICK GOLD CORP 10.1%

Value ($000) $11,167 Shares 650,000 Est. Cost $24.12 Unrealized —

AEM AGNICO EAGLE MINES LTD 9.2%

Value ($000) $10,138 Shares 195,000 Est. Cost $50.36 Unrealized -12.9%

— ANGLOGOLD ASHANTI LIMITED 8.8%

Value ($000) $9,710 Shares 500,000 Est. Cost $22.62 Unrealized —

BTG B2GOLD CORP 6.5%

Value ($000) $7,140 Shares 2,000,000 Est. Cost $2.82 Unrealized +3.7%

GFI GOLD FIELDS LTD 5.6%

Value ($000) $6,210 Shares 600,000 Est. Cost $8.22 Unrealized —

SKE SKEENA RES LTD NEW 3.4%

Value ($000) $3,724 Shares 700,000 Est. Cost $10.34 Unrealized -50.9%

SBSW SIBANYE STILLWATER LTD 2.6%

Value ($000) $2,911 Shares 273,043 Est. Cost $5.30 Unrealized —

— AMERICAS GOLD AND SILVER COR 2.4%

Value ($000) $2,616 Shares 4,601,400 Est. Cost $2.86 Unrealized —

— INTEGRA RES CORP 1.8%

Value ($000) $2,031 Shares 3,230,000 Est. Cost $2.85 Unrealized —

SCHP SCHWAB STRATEGIC TR 1.0%

Value ($000) $1,077 Shares 20,794 Est. Cost $55.41 Unrealized —

OUNZ VANECK MERK GOLD TR 0.3%

Value ($000) $315 Shares 17,815 Est. Cost $15.01 Unrealized —

DBO INVESCO DB MULTI-SECTOR COMM 0.1%

Value ($000) $154 Shares 10,096 Est. Cost $18.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLA	ORLA MNG LTD NEW	7,200,000	$29,140	26.4%	$4.19	-14.4%	COM	68634K106
SSRM	SSR MNG INC	800,000	$12,523	11.3%	$16.88	-13.2%	COM	784730103
AGI	ALAMOS GOLD INC NEW	1,150,000	$11,627	10.5%	$5.19	+66.7%	COM CL A	011532108
—	BARRICK GOLD CORP	650,000	$11,167	10.1%	$24.12	—	COM	067901108
AEM	AGNICO EAGLE MINES LTD	195,000	$10,138	9.2%	$50.36	-12.9%	COM	008474108
—	ANGLOGOLD ASHANTI LIMITED	500,000	$9,710	8.8%	$22.62	—	SPONSORED ADR	035128206
BTG	B2GOLD CORP	2,000,000	$7,140	6.5%	$2.82	+3.7%	COM	11777Q209
GFI	GOLD FIELDS LTD	600,000	$6,210	5.6%	$8.22	—	SPONSORED ADR	38059T106
SKE	SKEENA RES LTD NEW	700,000	$3,724	3.4%	$10.34	-50.9%	COM	83056P715
SBSW	SIBANYE STILLWATER LTD	273,043	$2,911	2.6%	$5.30	—	SPONSORED ADR	82575P107
—	AMERICAS GOLD AND SILVER COR	4,601,400	$2,616	2.4%	$2.86	—	COM	03062D100
—	INTEGRA RES CORP	3,230,000	$2,031	1.8%	$2.85	—	COM NEW	45826T301
SCHP	SCHWAB STRATEGIC TR	20,794	$1,077	1.0%	$55.41	—	US TIPS ETF	808524870
OUNZ	VANECK MERK GOLD TR	17,815	$315	0.3%	$15.01	—	GOLD TRUST	921078101
DBO	INVESCO DB MULTI-SECTOR COMM	10,096	$154	0.1%	$18.22	—	OIL FD	46140H403