Merk Investments LLC
Net buyer this quarter
$314M
10
+$17.6M
78.1%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 USAS | $91.5M | 29.20% | 6.05% | Not reported | Q4 2019 |
 EQX | $47.7M | 15.23% | 0.62% | Not reported | Q2 2025 |
 NFGC | $25.2M | 8.03% | 4.77% | +243.4% | Q3 2025 |
 MTA | $22.8M | 7.28% | 3.23% | Not reported | Q1 2024 |
| VMET | $17.2M | 5.48% | 1.50% | Not reported | Q1 2026 |
 AGI | $13.7M | 4.35% | 0.11% | Not reported | Q4 2019 |
 AEM | $12.4M | 3.96% | 0.02% | Not reported | Q4 2019 |
 BTG | $7.48M | 2.39% | 0.15% | Not reported | Q4 2019 |
 ITRG | $5.81M | 1.85% | 1.41% | Not reported | Q3 2020 |
 OUNZ | $1.15M | 0.37% | 0.05% | -12.9% | Q4 2019 |
| Q1 2026 | |||||
| USAS | $101M | 27.52% | 6.05% | -17.2% | Q4 2019 |
| EQX | $70.8M | 19.24% | 0.62% | Not reported | Q2 2025 |
| AGI | $20M | 5.43% | 0.11% | Not reported | Q4 2019 |
| MTA | $19.9M | 5.41% | 3.23% | Not reported | Q1 2024 |
| AEM | $16.2M | 4.41% | 0.02% | Not reported | Q4 2019 |
| VMET | $13.3M | 3.61% | 1.50% | New | Q1 2026 |
| BTG | $9.06M | 2.46% | 0.15% | Not reported | Q4 2019 |
| NFGC | $8.88M | 2.41% | 1.39% | Not reported | Q3 2025 |
| ITRG | $6.99M | 1.90% | 1.41% | Not reported | Q3 2020 |
| OUNZ | $1.54M | 0.42% | 0.05% | +49.6% | Q4 2019 |
| Q4 2025 | |||||
| USAS | $120M | 33.20% | 7.31% | -8.8% | Q4 2019 |
| EQX | $68.9M | 19.09% | 0.62% | Not reported | Q2 2025 |
| MTA | $23.3M | 6.47% | 3.23% | Not reported | Q1 2024 |
| AGI | $17.4M | 4.81% | 0.11% | -40.0% | Q4 2019 |
| NFGC | $14.1M | 3.90% | 1.39% | +102.1% | Q3 2025 |
| AEM | $13.6M | 3.76% | 0.02% | -42.9% | Q4 2019 |
| ITRG | $10.3M | 2.85% | 1.41% | -35.9% | Q3 2020 |
| BTG | $9.02M | 2.50% | 0.15% | Not reported | Q4 2019 |
| OUNZ | $949K | 0.26% | 0.04% | -14.1% | Q4 2019 |
| Q3 2025 | |||||
| USAS | $95.5M | 29.40% | 10.80% | -9.8% | Q4 2019 |
| EQX | $54.9M | 16.89% | 1.08% | Not reported | Q2 2025 |
| AGI | $26.1M | 8.05% | 0.18% | -25.0% | Q4 2019 |
| AEM | $23.6M | 7.26% | 0.03% | -15.2% | Q4 2019 |
| MTA | $19.1M | 5.86% | 3.26% | Not reported | Q1 2024 |
| ITRG | $11.8M | 3.63% | 2.37% | -27.6% | Q3 2020 |
 GFI | $10.5M | 3.23% | 0.03% | -50.0% | Q4 2019 |
| BTG | $9.9M | 3.05% | 0.15% | Not reported | Q4 2019 |
| NFGC | $5.59M | 1.72% | 1.17% | New | Q3 2025 |
| OUNZ | $989K | 0.30% | 0.05% | +38.2% | Q4 2019 |