Euro Pacific Asset Management, LLC

CIK

1796651

Location

DORADO, PR

Portfolio Value

Mid $1,057,572,137

Diversification

Diversified

Filing Date

Global Rank

#1,703 / 8,622 ▲ 182 · as of Mar 2026

Top Industry

Gold 64.6%

3Y Alpha vs SPY

+8.3%

Period ended 4 months ago

Filed May 6, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+104.8%

SPY

+67.9%

Annualised alpha

+8.1%

Max drawdown

−30.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. 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%