Institutional
Merk Investments LLC
CIK 0001302842
$367.9M
Reported AUM
11
Positions
Q1 2026
Period
2026-05-18
Filed
The Brief · Merk Investments LLC · Q1 2026
AI · grounded in 13F
Merk Investments LLC established a new position in VersaMet Royalties Corp VMET valued at $13.28M. The fund also increased its holdings in VanEck Merk Gold ETF OUNZ by 49.56%. Conversely, it trimmed its position in Americas Gold and Silver Corp USAS by 17.23%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | USAS | AMERICAS GOLD AND SILVER COR | $4.92 | -15.46% | 134.29% | 44.71% | $101.2M | 27.52% | −4,037,000 | −17.2% |
| 2 | ORLA | ORLA MNG LTD NEW | $10.81 | -4.59% | -2.58% | 157.09% | $100.0M | 27.18% | — | HELD |
| 3 | EQX | EQUINOX GOLD CORP | $10.79 | -6.17% | 55.81% | 55.36% | $70.8M | 19.24% | — | HELD |
| 4 | AGI | ALAMOS GOLD INC | $35.52 | -8.00% | 33.46% | 353.47% | $20.0M | 5.43% | — | HELD |
| 5 | MTA | METALLA RTY & STREAMING LTD | $7.02 | -8.83% | 93.39% | -14.27% | $19.9M | 5.41% | — | HELD |
| 6 | AEM | AGNICO EAGLE MINES LTD | $163.66 | -7.41% | 40.03% | 184.98% | $16.2M | 4.41% | — | HELD |
| 7 | VMET | VERSAMET ROYALTIES CORP | $12.12 | -5.39% | 12.01% | 8.70% | $13.3M | 3.61% | +1,400,000 | NEW |
| 8 | BTG | B2GOLD CORP | $4.18 | -8.73% | 14.97% | 20.44% | $9.1M | 2.46% | — | HELD |
| 9 | NFGC | NEW FOUND GOLD CORP | $1.62 | -13.37% | 8.72% | -79.98% | $8.9M | 2.41% | — | HELD |
| 10 | ITRG | INTEGRA RES CORP | $2.41 | -7.31% | 37.71% | -16.03% | $7.0M | 1.90% | — | HELD |
| 11 | OUNZ | VANECK MERK GOLD ETF | $41.51 | -3.64% | 30.04% | 135.18% | $1.5M | 0.42% | +11,333 | +49.6% |
Source: SEC EDGAR · accession 0001420506-26-001171. 13F discloses long positions only — shorts, foreign equities, and options are excluded.