Merk Investments LLC Long-Term Concentrated

CIK: 0001302842 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $93,976 (100.0% shares, 0.0% debt)

Holdings (14)

ORLA ORLA MNG LTD NEW 21.5%

Value ($000) $20,214 Shares 6,200,000 Est. Cost $4.19 Unrealized -25.0%

AGI ALAMOS GOLD INC NEW 14.3%

Value ($000) $13,470 Shares 1,000,000 Est. Cost $5.19 Unrealized +150.0%

— BARRICK GOLD CORP 12.5%

Value ($000) $11,759 Shares 650,000 Est. Cost $24.12 Unrealized —

AEM AGNICO EAGLE MINES LTD 9.6%

Value ($000) $9,050 Shares 165,000 Est. Cost $50.36 Unrealized -4.8%

GFI GOLD FIELDS LTD 9.2%

Value ($000) $8,676 Shares 600,000 Est. Cost $8.22 Unrealized —

SSRM SSR MINING IN 9.1%

Value ($000) $8,590 Shares 800,000 Est. Cost $16.88 Unrealized -28.0%

BTG B2GOLD CORP 6.7%

Value ($000) $6,320 Shares 2,000,000 Est. Cost $2.82 Unrealized +3.2%

AU ANGLOGOLD ASHANTI PLC 5.5%

Value ($000) $5,140 Shares 275,000 Est. Cost $17.52 Unrealized -4.3%

ITRG INTEGRA RES CORP 4.4%

Value ($000) $4,133 Shares 3,717,473 Est. Cost $0.72 Unrealized +15.4%

SKE SKEENA RES LTD NEW 3.6%

Value ($000) $3,416 Shares 700,000 Est. Cost $10.34 Unrealized -59.2%

SBSW SIBANYE STILLWATER LTD 1.6%

Value ($000) $1,483 Shares 273,043 Est. Cost $5.30 Unrealized —

PPTA PERPETUA RESOURCES CORP 0.8%

Value ($000) $729 Shares 229,983 Est. Cost $3.37 Unrealized 0.0%

— AMERICAS GOLD AND SILVER COR 0.7%

Value ($000) $678 Shares 2,701,028 Est. Cost $2.86 Unrealized —

OUNZ VANECK MERK GOLD TR 0.3%

Value ($000) $320 Shares 16,020 Est. Cost $16.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLA	ORLA MNG LTD NEW	6,200,000	$20,214	21.5%	$4.19	-25.0%	COM	68634K106
AGI	ALAMOS GOLD INC NEW	1,000,000	$13,470	14.3%	$5.19	+150.0%	COM CL A	011532108
—	BARRICK GOLD CORP	650,000	$11,759	12.5%	$24.12	—	COM	067901108
AEM	AGNICO EAGLE MINES LTD	165,000	$9,050	9.6%	$50.36	-4.8%	COM	008474108
GFI	GOLD FIELDS LTD	600,000	$8,676	9.2%	$8.22	—	SPONSORED ADR	38059T106
SSRM	SSR MINING IN	800,000	$8,590	9.1%	$16.88	-28.0%	COM	784730103
BTG	B2GOLD CORP	2,000,000	$6,320	6.7%	$2.82	+3.2%	COM	11777Q209
AU	ANGLOGOLD ASHANTI PLC	275,000	$5,140	5.5%	$17.52	-4.3%	COM SHS	G0378L100
ITRG	INTEGRA RES CORP	3,717,473	$4,133	4.4%	$0.72	+15.4%	COM	45826T509
SKE	SKEENA RES LTD NEW	700,000	$3,416	3.6%	$10.34	-59.2%	COM	83056P715
SBSW	SIBANYE STILLWATER LTD	273,043	$1,483	1.6%	$5.30	—	SPONSORED ADR	82575P107
PPTA	PERPETUA RESOURCES CORP	229,983	$729	0.8%	$3.37	0.0%	COM	714266103
—	AMERICAS GOLD AND SILVER COR	2,701,028	$678	0.7%	$2.86	—	COM	03062D100
OUNZ	VANECK MERK GOLD TR	16,020	$320	0.3%	$16.06	—	GOLD TRUST	921078101