DOSSIER · 13F-HR · Q1 2026

Merk Investments LLC

Merk Investments's holding co. based in Omaha, NE $368M in tracked AUM across 11 positions as of Q1 2026.

MI
Merk Investments·Omaha, NE·Holding Co.
CIK 0001302842 · last filed Mar 31, 2026
Total AUM
$368M
4.3%
vs prior
Holdings
11
positions
Whale Score
71
71
strong
Activity
no data
changes this Q
Top sector
Financials
21% weight
concentration
AI Analysis · Q1 2026 · Q1 2026

Portfolio Overview

Merk Investments LLC manages a highly concentrated, specialized portfolio totaling approximately $274.21 million as of the report date September 30, 2025. The firm's strategy is characterized by extreme conviction, with only 8 holdings in the portfolio. Despite the low number of positions, the portfolio experienced significant growth, increasing in value by 11.4% (from $246.09M in the previous quarter). This performance was driven both by asset appreciation an...

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
USAS
AMERICAS GOLD AND SILVER COR
$101M19.4M27.5%
02
ORLA
ORLA MNG LTD NEW
$100M6.2M27.2%
03
EQX
EQUINOX GOLD CORP
$71M4.9M19.2%
04
AGI
ALAMOS GOLD INC
$20M450K5.4%
05
MTA
METALLA RTY & STREAMING LTD
$20M3.0M5.4%
06
AEM
AGNICO EAGLE MINES LTD
$16M80K4.4%
07
VMET
VERSAMET ROYALTIES CORP
$13M1.4M3.6%
08
BTG
B2GOLD CORP
$9M2.0M2.5%
09
NFGC
NEW FOUND GOLD CORP
$9M4.8M2.4%
10
ITRG
INTEGRA RES CORP
$7M2.6M1.9%

Filing history

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