Merk Investments LLC holds a concentrated book of 11 stocks worth $367.9M as of Q1 2026 (disclosed May 18, 2026, a ~45-day 13F lag). This quarter they opened VERSAMET ROYALTIES CORP and trimmed AMERICAS GOLD AND SILVER COR. Their largest long position is AMERICAS GOLD AND SILVER COR at 28% of the equity book.
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curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1302842/holdings"
Use Arkolith to show Merk Investments LLC's latest holdings, largest changes, and filing provenance.
Top-heavy: concentrated book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
54% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same core names as Merk Investments LLC
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| ROYAL BANK OF CANADA | 11 / 11 | $3.5B |
| BANK OF AMERICA CORP /DE/ | 11 / 11 | $1.3B |
| MORGAN STANLEY | 11 / 11 | $766.4M |
| JPMORGAN CHASE & CO | 11 / 11 | $567.5M |
| SPROTT INC. | 11 / 11 | $364.5M |
| UBS Group AG | 11 / 11 | $320.1M |
| NATIONAL BANK OF CANADA /FI/ | 10 / 11 | $827.0M |
| MILLENNIUM MANAGEMENT LLC | 10 / 11 | $345.3M |
Ranked by how many of Merk Investments LLC's top 11 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Americas Gold And Silver Cor COM NEW | $101.2M | 19.39M | 27.5% | ▼−17% Reduced · −4.0M sh | |
| 2 | Orla MNG Ltd New COM | $100.0M | 6.20M | 27.2% | —Held | |
| 3 | Equinox Gold Corp COM | $70.8M | 4.90M | 19.2% | —Held | |
| 4 | Alamos Gold Inc COM CL A | $20.0M | 450.0K | 5.4% | —Held | |
| 5 | Metalla Rty & Streaming Ltd COM NEW | $19.9M | 3.00M | 5.4% | —Held | |
| 6 | Agnico Eagle Mines Ltd COM | $16.2M | 80.0K | 4.4% | —Held | |
| 7 | Versamet Royalties Corp COM NEW | $13.3M | 1.40M | 3.6% | ▲New New position | |
| 8 | B2gold Corp COM | $9.1M | 2.00M | 2.5% | —Held | |
| 9 | New Found Gold Corp COM | $8.9M | 4.75M | 2.4% | —Held | |
| 10 | Integra Res Corp COM | $7.0M | 2.56M | 1.9% | —Held | |
| 11 | Vaneck Merk Gold ETF GOLD SHS | $1.5M | 34.2K | 0.4% | ▲+50% Added · +11K sh |
As-of date vs the date the SEC received each filing
| Quarter | As of | Filed | Positions | Value | Form |
|---|---|---|---|---|---|
| Q1 2026 | Mar 31, 2026 | May 18, 2026 | 11 | $367.9M | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 13, 2026 | 10 | $360.7M | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 14, 2025 | 11 | $324.9M | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 14, 2025 | 11 | $246.1M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 16, 2025 | 10 | $183.4M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 14, 2025 | 10 | $97.4M | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 14, 2024 | 11 | $105.6M | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 14, 2024 | 12 | $89.7M | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 14, 2024 | 13 | $89.6M | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 14, 2024 | 14 | $94.0M | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 14, 2023 | 14 | $88.5M | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 14, 2023 | 14 | $126.1M | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 15, 2023 | 15 | $115.1M | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 13, 2023 | 15 | $110.5M | 13F-HR |
| Q3 2022 | Sep 30, 2022 | Nov 14, 2022 | 15 | $101.7M | 13F-HR |
| Q2 2022 | Jun 30, 2022 | Aug 16, 2022 | 17 | $443.6M | 13F-HR |
| Q1 2022 | Mar 31, 2022 | May 12, 2022 | 14 | $179.4M | 13F-HR |
| Q4 2021 | Dec 31, 2021 | Feb 9, 2022 | 14 | $146.3M | 13F-HR |
| Q3 2021 | Sep 30, 2021 | Nov 15, 2021 | 14 | $132.1M | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Aug 16, 2021 | 17 | $153.1M | 13F-HR |
| Q1 2021 | Mar 31, 2021 | May 20, 2021 | 17 | $159.9M | 13F-HR/A |
| Q4 2020 | Dec 31, 2020 | Feb 16, 2021 | 18 | $186.0M | 13F-HR |
| Q3 2020 | Sep 30, 2020 | Nov 16, 2020 | 17 | $166.4M | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.