13F HOLDINGS REPORT
Merk Investments LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001420506-26-000380
Total Value
$360.7M
Positions
10
Other Managers
0
Confidential Omitted
No
Holdings (10)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AMERICAS GOLD AND SILVER COR | 03062D803 | 23,429,000 | $119.7M | 33.20% |
| 2 | ORLA MNG LTD NEW | 68634K106 | 6,200,000 | $83.5M | 23.15% |
| 3 | EQUINOX GOLD CORP | EQX | 4,900,000 | $68.9M | 19.09% |
| 4 | METALLA RTY & STREAMING LTD | 59124U605 | 3,000,000 | $23.3M | 6.47% |
| 5 | ALAMOS GOLD INC NEW | AGI | 450,000 | $17.4M | 4.81% |
| 6 | NEW FOUND GOLD CORP | NFGC | 4,750,000 | $14.1M | 3.90% |
| 7 | AGNICO EAGLE MINES LTD | AEM | 80,000 | $13.6M | 3.76% |
| 8 | INTEGRA RES CORP | ITRG | 2,562,526 | $10.3M | 2.85% |
| 9 | B2GOLD CORP | BTG | 2,000,000 | $9.0M | 2.50% |
| 10 | VANECK MERK GOLD ETF | OUNZ | 22,867 | $948,523 | 0.26% |