Euro Pacific Asset Management, LLC

CIK

1796651

Location

DORADO, PR

Portfolio Value

Mid $1,057,572,137

Diversification

Diversified

Filing Date

Global Rank

#1,447 / 8,232 ▲ 258

Top Industry

Gold 64.6%

3Y Alpha vs SPY

+9.3%

Period ended 2 months ago

Filed May 6, 2026 · 39d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+120.2%

SPY

+76.3%

Annualised alpha

+9.3%

Max drawdown

−28.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

85 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.6%

+0.3 pts

Top 5

31.5%

−2.0 pts

Top 10

50.1%

−3.9 pts

HHI

365

Diversified−35

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	74.4%	$786,502,074	39
Energy	5.9%	$62,656,918	6
Consumer Defensive	5.4%	$57,019,043	5
Financial Services	4.2%	$44,716,414	8
Healthcare	3.6%	$38,105,098	5
Technology	2.3%	$24,155,756	9
Communication Services	1.8%	$19,303,973	5
Unclassified	1.8%	$19,039,702	4
Utilities	0.4%	$4,319,183	1
Industrials	0.1%	$982,844	1
Consumer Cyclical	0.0%	$516,976	1
Real Estate	0.0%	$254,156	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WRN	Western Copper & Gold Corp	+1,386,111	2,421,617	$6,126,691
BTG	B2gold Corp	+556,972	8,141,222	$36,879,735
DC	Dakota Gold Corp.	+482,565	3,534,049	$17,846,947
BBD	Bank Bradesco	+462,080	1,057,281	$3,859,075
EQX	Equinox Gold Corp.	+385,638	2,292,608	$33,151,111
AQN	Algonquin Power & Utilities Corp.	+349,400	703,450	$4,319,183
GRAB	Grab Holdings Ltd	+275,684	653,429	$2,391,550
ITUB	Itau Unibanco Holding S.A.	+235,029	424,856	$3,560,293
AU	AngloGold Ashanti PLC	+149,855	272,740	$26,553,966
NVO	Novo Nordisk A S	+121,375	467,452	$17,178,861
SKM	Sk Telecom Co Ltd	+99,741	223,557	$6,547,984
BCE	Bce Inc	+81,675	207,621	$5,240,354
GFI	Gold Fields Ltd	+50,830	64,497	$2,928,163
ACN	Accenture plc	+30,363	66,321	$13,150,791
FSM	Fortuna Mining Corp.	+20,866	4,485,635	$44,542,355
KGC	Kinross Gold Corp	+17,983	780,313	$23,815,152
FNV	FRANCO NEVADA Corp	+12,791	249,758	$61,702,713
VALE	Vale S.A.	+10,007	498,725	$7,934,714
IE	Ivanhoe Electric Inc.	+9,636	440,079	$5,201,733
WPM	Wheaton Precious Metals Corp.	+8,455	294,402	$38,569,606
BVN	Buenaventura Mining Co Inc	+8,248	15,532	$559,773
ORLA	Orla Mining Ltd.	+5,350	872,845	$14,078,989
MTA	Metalla Royalty & Streaming Ltd.	+3,902	5,746,211	$38,097,378
UMC	United Microelectronics Corp	+3,836	18,552	$166,596
WIT	Wipro Ltd	+2,486	35,573	$75,414
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ABEV	Ambev S.A.	−713,759	2,330,703	$6,805,652
B	Barrick Mining Corp	−81,150	1,665,226	$67,924,568
IAG	Iamgold Corp	−73,528	1,269,611	$23,894,079
PAAS	Pan American Silver Corp	−34,666	1,252,785	$68,439,644
PSLV	Sprott Physical Silver Trust	−21,553	285,584	$6,965,393
NEM	NEWMONT Corp /DE/	−17,107	348,491	$37,724,150
OUNZ	VanEck Merk Gold ETF	−11,483	386,587	$17,415,744
CEF	Sprott Physical Gold & Silver Trust	−11,298	274,028	$13,076,616
AEM	Agnico Eagle Mines Ltd	−7,528	447,528	$90,839,233
ELE	Elemental Royalty Corp	−5,643	962,859	$18,140,263
AGI	Alamos Gold Inc	−4,742	9,477	$421,063
AG	First Majestic Silver Corp	−4,494	34,166	$733,885
BTI	British American Tobacco p.l.c.	−4,481	653,402	$38,204,414
IAU	Ishares Gold Trust	−3,009	7,752	$683,416
GSK	GSK plc	−2,559	208,254	$11,493,538
BNS	Bank Of Nova Scotia	−1,893	171,686	$11,899,556
PHYS	Sprott Physical Gold Trust	−1,744	46,436	$1,645,691
HLN	Haleon plc	−1,743	87,897	$879,848
OR	OR Royalties Inc.	−1,410	1,026,669	$39,033,955
SHEL	Shell plc	−1,117	161,659	$15,034,287
TFPM	Triple Flag Precious Metals Corp.	−997	520,062	$18,051,352
NVS	Novartis AG	−643	41,588	$6,352,567
PM	Philip Morris International Inc.	−615	46,324	$7,659,210
VIV	Telefonica Brasil S.A.	−265	10,269	$163,379
UL	Unilever PLC	−214	66,552	$3,791,467
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
TTE	TotalEnergies SE	177,877	$16,183,249
KSPI	Joint Stock Co Kaspi.kz	31,680	$2,346,537
MINE	Mayfair Gold Corp.	136,500	$422,467
CDE	Coeur Mining, Inc.	19,145	$359,351
SLV	iShares Silver Trust	5,095	$347,173
DOW	Dow Inc.	4,876	$203,085
HL	Hecla Mining Co/De/	8,698	$162,043
VZLA	Vizsla Silver Corp.	23,885	$78,820
ASM	Avino Silver & Gold Mines Ltd	10,000	$63,200
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
MICC	Magnum Ice Cream Co N.V.	14,914	$236,386
SAP	Sap SE	870	$211,331
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

85 positions · $1,057,572,137 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 85 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	447,528	-7,528	$90,839,233	+17.8%	8.59%
PAAS	Pan American Silver Corp Basic Materials	Reduced	1,252,785	-34,666	$68,439,644	+2.6%	6.47%
B	Barrick Mining Corp Basic Materials	Reduced	1,665,226	-81,150	$67,924,568	−10.7%	6.42%
FNV	FRANCO NEVADA Corp Basic Materials	Added	249,758	+12,791	$61,702,713	+25.6%	5.83%
FSM	Fortuna Mining Corp. Basic Materials	Added	4,485,635	+20,866	$44,542,355	+1.7%	4.21%
RGLD	Royal Gold Inc Basic Materials	Added	165,315	+955	$42,071,014	+15.2%	3.98%
OR	OR Royalties Inc. Basic Materials	Reduced	1,026,669	-1,410	$39,033,955	+7.3%	3.69%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	294,402	+8,455	$38,569,606	+14.8%	3.65%
BTI	British American Tobacco p.l.c. Consumer Defensive	Reduced	653,402	-4,481	$38,204,414	+2.6%	3.61%
MTA	Metalla Royalty & Streaming Ltd. Basic Materials	Added	5,746,211	+3,902	$38,097,378	−14.7%	3.60%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	348,491	-17,107	$37,724,150	+3.3%	3.57%
BTG	B2gold Corp Basic Materials	Added	8,141,222	+556,972	$36,879,735	+7.8%	3.49%
EQX	Equinox Gold Corp. Basic Materials	Added	2,292,608	+385,638	$33,151,111	+23.8%	3.13%
AU	AngloGold Ashanti PLC Basic Materials	Added	272,740	+149,855	$26,553,966	+153.4%	2.51%
IAG	Iamgold Corp Basic Materials	Reduced	1,269,611	-73,528	$23,894,079	+7.9%	2.26%
KGC	Kinross Gold Corp Basic Materials	Added	780,313	+17,983	$23,815,152	+10.9%	2.25%
ELE	Elemental Royalty Corp Basic Materials	Reduced	962,859	-5,643	$18,140,263	+10.4%	1.72%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Reduced	520,062	-997	$18,051,352	+4.3%	1.71%
DC	Dakota Gold Corp. Basic Materials	Added	3,534,049	+482,565	$17,846,947	+3.0%	1.69%
OUNZ	VanEck Merk Gold ETF	Reduced	386,587	-11,483	$17,415,744	+5.5%	1.65%
NVO	Novo Nordisk A S Healthcare	Added	467,452	+121,375	$17,178,861	−2.4%	1.62%
BP	Bp PLC Energy	Added	362,210	+35	$17,023,870	+35.3%	1.61%
TTE	TotalEnergies SE Energy	NEW	177,877	NEW	$16,183,249	NEW	1.53%
SHEL	Shell plc Energy	Reduced	161,659	-1,117	$15,034,287	+25.7%	1.42%
ORLA	Orla Mining Ltd. Basic Materials	Added	872,845	+5,350	$14,078,989	+20.5%	1.33%
EQNR	Equinor ASA Energy	Added	320,131	+1,759	$13,509,528	+79.6%	1.28%
ACN	Accenture plc Technology	Added	66,321	+30,363	$13,150,791	+36.3%	1.24%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	274,028	-11,298	$13,076,616	+0.1%	1.24%
BNS	Bank Of Nova Scotia Financial Services	Reduced	171,686	-1,893	$11,899,556	−7.0%	1.13%
GSK	GSK plc Healthcare	Reduced	208,254	-2,559	$11,493,538	+11.2%	1.09%
VALE	Vale S.A. Basic Materials	Added	498,725	+10,007	$7,934,714	+24.6%	0.75%
NTR	Nutrien Ltd. Basic Materials	Reduced	103,259	-63	$7,791,924	+22.2%	0.74%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	46,324	-615	$7,659,210	+1.7%	0.72%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Added	380,834	+640	$7,113,979	−11.1%	0.67%
PSLV	Sprott Physical Silver Trust Financial Services	Reduced	285,584	-21,553	$6,965,393	−4.1%	0.66%
ABEV	Ambev S.A. Consumer Defensive	Reduced	2,330,703	-713,759	$6,805,652	−9.5%	0.64%
SKM	Sk Telecom Co Ltd Communication Services	Added	223,557	+99,741	$6,547,984	+157.6%	0.62%
NVS	Novartis AG Healthcare	Reduced	41,588	-643	$6,352,567	+9.1%	0.60%
WRN	Western Copper & Gold Corp Basic Materials	Added	2,421,617	+1,386,111	$6,126,691	+121.6%	0.58%
BCE	Bce Inc Communication Services	Added	207,621	+81,675	$5,240,354	+74.7%	0.50%
IE	Ivanhoe Electric Inc. Basic Materials	Added	440,079	+9,636	$5,201,733	−24.4%	0.49%
RIO	Rio Tinto PLC Basic Materials	Added	49,203	+1,415	$4,590,147	+20.0%	0.43%
AQN	Algonquin Power & Utilities Corp. Utilities	Added	703,450	+349,400	$4,319,183	+98.4%	0.41%
BHP	BHP Group Ltd Basic Materials	Added	58,819	+476	$4,278,494	+21.5%	0.40%
ASML	Asml Holding NV Technology	Added	2,961	+13	$3,910,977	+24.0%	0.37%
BBD	Bank Bradesco Financial Services	Added	1,057,281	+462,080	$3,859,075	+94.7%	0.36%
UL	Unilever PLC Consumer Defensive	Reduced	66,552	-214	$3,791,467	−13.2%	0.36%
ITUB	Itau Unibanco Holding S.A. Financial Services	Added	424,856	+235,029	$3,560,293	+161.9%	0.34%
NU	Nu Holdings Ltd. Financial Services	Added	233,649	+31	$3,357,536	−14.1%	0.32%
GFI	Gold Fields Ltd Basic Materials	Added	64,497	+50,830	$2,928,163	+390.7%	0.28%