Merk Investments LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 99.9%; sector active share 97.4% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
11 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Basic Materials | 99.6% | $312,219,824 |
| Unclassified | 0.4% | $1,149,750 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NFGC | New Found Gold Corp. | +11,562,500 | 16,312,500 | $25,121,250 | |
| — | +800,000 | 7,000,000 | $68,530,000 | ||
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| OUNZ | VanEck Merk Gold ETF | −4,406 | 29,794 | $1,149,750 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| USAS |
Americas Gold & Silver Corp
Basic Materials
|
Held | 19,392,000 | $91,530,240 | 29.21% | |
|
|
Added | 7,000,000 | $68,530,000 | 21.87% | ||
| EQX |
Equinox Gold Corp.
Basic Materials
|
Held | 4,900,000 | $47,628,000 | 15.20% | |
| NFGC |
New Found Gold Corp.
Basic Materials
|
Added | 16,312,500 | $25,121,250 | 8.02% | |
| MTA |
Metalla Royalty & Streaming Ltd.
Basic Materials
|
Held | 3,000,000 | $22,830,000 | 7.29% | |
| VMET |
Versamet Royalties Corp
Basic Materials
|
Held | 1,400,000 | $17,220,000 | 5.50% | |
| AGI |
Alamos Gold Inc
Basic Materials
|
Held | 450,000 | $13,653,000 | 4.36% | |
| AEM |
Agnico Eagle Mines Ltd
Basic Materials
|
Held | 80,000 | $12,410,400 | 3.96% | |
| BTG |
B2gold Corp
Basic Materials
|
Held | 2,000,000 | $7,480,000 | 2.39% | |
| ITRG |
Integra Resources Corp.
Basic Materials
|
Held | 2,562,526 | $5,816,934 | 1.86% | |
| OUNZ |
VanEck Merk Gold ETF
|
Reduced | 29,794 | $1,149,750 | 0.37% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.