Merk Investments LLC
CIK 1302842 · View on SEC EDGAR ↗
- Portfolio value
- $313.5M
- Positions
- 11
- As of
- June 30, 2026
#5,066 of 9,443 by 13F value · top 53.6%
Portfolio value QoQ: -14.8% 13F does not disclose cash
- Top 10 holdings weight
- 99.63%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 10
- Effective number of positions
- 5.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.05% Est. buys $25,686,310 · sells $170,027
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 78.6% still held
- New positions
- 0
- Increased
- 2
- Decreased
- 1
- Closed
- 1
On this page
Sector breakdown
Materials
8.3%
Other/Unmapped
91.7%
Full portfolio 11 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| USAS | $91,545,806 | 29.20% | 19,392,000 | $-9,678,891 | |||
| ORLA | $68,530,000 | 21.86% | 7,000,000 | $-31,476,000 | Up ×1 | ||
| EQX | $47,747,576 | 15.23% | 4,900,000 | $-23,017,286 | |||
| NFGC | $25,189,053 | 8.03% | 16,312,500 | $16,311,187 | Up ×1 | ||
| MTA | $22,830,000 | 7.28% | 3,000,000 | $2,940,000 | |||
| VRMTF | $17,185,968 | 5.48% | 1,400,000 | $3,901,517 | |||
| AGI Alamos Gold Inc. Class A Common Shares | $13,653,000 | 4.35% | 450,000 | $-6,340,500 | |||
| AEM Agnico Eagle Mines Limited Common Stock | $12,410,400 | 3.96% | 80,000 | $-3,828,000 | |||
| BTG | $7,480,000 | 2.39% | 2,000,000 | $-1,580,000 | |||
| ITRG | $5,813,874 | 1.85% | 2,562,526 | $-1,180,128 | |||
| OUNZ | $1,149,750 | 0.37% | 29,794 | $-390,960 | Down ×1 | ||
| No matches | |||||||
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| ORLA | Bought more | +800K | -$31.5M |
| EQX | Price move only | +0 | -$23.0M |
| NFGC | Bought more | +11.6M | +$16.3M |
| USAS | Price move only | +0 | -$9.7M |
| AGI | Price move only | +0 | -$6.3M |
| VRMTF | Price move only | +0 | +$3.9M |
| AEM | Price move only | +0 | -$3.8M |
| MTA | Price move only | +0 | +$2.9M |
| BTG | Price move only | +0 | -$1.6M |
| ITRG | Price move only | +0 | -$1.2M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.