Euro Pacific Asset Management, LLC

Registered adviser

CIK

1796651

Location

DORADO, PR

Portfolio Value

Mid $1,105,373,234

Diversification

Diversified

Filing Date

Global Rank

#3,587 / 8,827 ▼ 833 · as of Jun 2026

Top Industry

Gold 63.1%

Period ended 38 days ago

Filed Nov 3, 2026 · 4d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 152922

Roster of Nov 1, 2026

Regulatory AUM

$2,180,629,620

Main clients

Registered funds and BDCs (52% of AUM)

Registered funds advised

5 series (0 index, 0 ETFs)

$758,506,333 net assets· N-CEN Oct 31, 2025

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$2,180,629,620	Registered funds and BDCs (52%)
Apr 2025 to Mar 2026	$1,360,447,698	Individuals and high net worth (51%)
Apr 2024 to Mar 2025	$1,231,750,134	Individuals and high net worth (51%)
May 2023 to Mar 2024	$1,172,980,159	Individuals and high net worth (50%)
Apr 2023	$1,172,980,159	Individuals and high net worth (50%)
Apr 2022 to Mar 2023	$1,238,553,565	Individuals and high net worth (50%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Value, Income, Multi-asset, Fixed income / rates Form ADV Part 2A, Jul 31, 2026 · original

In the firm's words

Fundamental active: EPAM uses fundamental analysis in the ongoing management of client accounts.
Value: businesses that the portfolio manager believes are trading at a discount to fundamental value.
Income: maximize dividend income by selectively investing in foreign companies
Multi-asset: EPAM offers a blended investment style that allocates 50% of the portfolio to the International Dividend Payers SMA and 50% to the EuroPac International Bond Fund.
Fixed income / rates: EPAM offers a blended investment style that allocates 50% of the portfolio to the International Dividend Payers SMA and 50% to the EuroPac International Bond Fund.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
MTA Metalla Royalty & Streaming Ltd.	13G	Aug 31, 2026	2mo	5,830,289	6.2%	0 since Oct 31, 2025	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 68.4% of the book (60%+)

Turnover

Low turnover

5.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.1 quarters (12+), a floor since 48.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 98.5%; sector active share 82.1% 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 backtest

Portfolio Concentration

112 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

7.4%

−2.5 pts

Top 5

28.3%

−12.7 pts

Top 10

49.0%

−19.4 pts

HHI

338

Diversified−230

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	71.4%	$788,812,013	37
Energy	5.8%	$64,262,346	8
Consumer Defensive	5.4%	$59,328,934	5
Technology	4.1%	$45,414,228	12
Financial Services	3.8%	$42,279,529	11
Healthcare	3.7%	$41,231,428	6
Unclassified	2.5%	$27,598,250	18
Communication Services	2.4%	$27,067,749	7
Consumer Cyclical	0.4%	$4,428,062	4
Utilities	0.3%	$3,535,335	1
Industrials	0.1%	$1,146,762	2
Real Estate	0.0%	$268,598	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VOD	Vodafone Group Public Ltd Co	+5,000,932	5,016,477	$8,400,551
EQX	Equinox Gold Corp.	+1,680,772	4,185,305	$46,498,738
BTG	B2gold Corp	+348,207	8,496,967	$44,354,167
NEM	NEWMONT Corp	+103,431	402,053	$46,372,793
EQNR	Equinor ASA	+103,120	413,946	$17,220,153
BTI	British American Tobacco p.l.c.	+73,835	722,881	$39,324,726
IAG	Iamgold Corp	+68,961	1,345,587	$24,772,256
ELE	Elemental Royalty Corp	+50,800	1,147,776	$21,922,521
KGC	Kinross Gold Corp	+43,291	805,317	$19,392,033
BBD	Bank Bradesco	+35,164	1,136,944	$4,002,042
OR	OR Royalties Inc.	+25,127	1,054,270	$36,203,631
KSPI	Joint Stock Co Kaspi.kz	+17,890	126,411	$11,890,218
AG	First Majestic Silver Corp	+12,571	70,904	$1,254,291
AU	AngloGold Ashanti PLC	+12,109	285,395	$26,812,860
ACN	Accenture plc	+11,873	117,589	$21,562,294
RGLD	Royal Gold Inc	+8,725	174,265	$41,126,540
DC	Dakota Gold Corp.	+8,576	3,548,147	$21,608,215
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk	+6,841	387,049	$4,934,874
BHP	BHP Group Ltd	+4,589	65,496	$5,556,680
INFY	Infosys Ltd	+4,337	72,566	$780,810
VALE	Vale S.A.	+3,528	503,145	$6,747,174
FNV	FRANCO NEVADA Corp	+2,824	251,982	$59,999,434
NVO	Novo Nordisk A S	+2,723	596,858	$22,626,886
AGI	Alamos Gold Inc	+1,712	11,173	$361,893
ITUB	Itau Unibanco Holding S.A.	+1,516	426,002	$3,633,797
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IAUX	i-80 Gold Corp.	−50,400	16,272	$27,011
ABEV	Ambev S.A.	−45,646	2,254,595	$6,583,417
BNS	Bank Of Nova Scotia	−40,575	128,931	$11,712,092
USFR	WisdomTree Floating Rate Treasury Fund	−14,471	16,000	$806,240
B	Barrick Mining Corp	−11,347	1,488,421	$60,534,082
MTA	Metalla Royalty & Streaming Ltd.	−9,722	5,832,664	$54,943,694
PSLV	Sprott Physical Silver Trust	−5,430	279,191	$5,407,929
FSM	Fortuna Mining Corp.	−5,082	4,491,284	$50,482,032
IE	Ivanhoe Electric Inc.	−4,703	414,235	$4,109,211
CEF	Sprott Physical Gold & Silver Trust	−3,881	251,817	$10,460,478
FRA	Blackrock Floating Rate Income Strategies Fund, Inc.	−3,765	28,200	$297,228
WRN	Western Copper & Gold Corp	−3,749	2,563,921	$5,666,265
OUNZ	VanEck Merk Gold ETF	−2,572	373,925	$14,919,607
TFPM	Triple Flag Precious Metals Corp.	−2,375	514,312	$15,845,952
BCE	Bce Inc	−1,955	205,121	$4,172,161
SHEL	Shell plc	−1,800	157,944	$15,012,577
PAAS	Pan American Silver Corp	−1,436	1,235,940	$56,247,629
GSK	GSK plc	−1,412	205,222	$9,885,543
AEM	Agnico Eagle Mines Ltd	−1,295	444,370	$81,439,689
HLN	Haleon plc	−1,017	85,496	$769,464
TTE	TotalEnergies SE	−941	174,854	$14,950,017
AQN	Algonquin Power & Utilities Corp.	−600	702,850	$3,535,335
BP	Bp PLC	−459	358,804	$15,783,787
NVS	Novartis AG	−349	41,108	$5,860,767
BVN	Buenaventura Mining Co Inc	−340	14,647	$462,552
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
SE	Sea Ltd	22,177	$2,159,152
HDB	Hdfc Bank Ltd	78,080	$1,744,307
SAP	Sap SE	8,032	$1,674,511
NTES	NetEase, Inc.	11,495	$1,392,734
HSBC	Hsbc Holdings PLC	4,115	$408,660
QUAL	iShares MSCI USA Quality Factor ETF	1,608	$357,361
ACWX	iShares MSCI ACWI ex U.S. ETF	4,556	$344,524
SPY	Spdr S&P 500 ETF Trust	360	$274,546
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	1,626	$256,664
MSFT	Microsoft Corp	487	$249,782
XOM	ExxonMobil Holdings Corp	1,529	$248,844
BABA	Alibaba Group Holding Ltd	2,287	$245,943
VZ	Verizon Communications Inc	5,200	$238,524
CSCO	Cisco Systems, Inc.	1,922	$206,864
YUMC	Yum China Holdings, Inc.	4,977	$204,554
CPA	Copa Holdings, S.A.	1,541	$203,180
BAP	Credicorp Ltd	527	$200,191
COP	Conocophillips	1,587	$198,613
BMY	Bristol Myers Squibb Co	3,000	$187,200
SVM	Silvercorp Metals Inc	12,424	$132,564
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
—		977,099	$9,565,799
DOW	Dow Inc.	4,876	$133,407
HL	Hecla Mining Co	8,698	$212
PSK	State Street(R) SPDR(R) ICE Preferred Securities ETF	19,030	$154
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

112 tracked positions · $1,105,373,234 total · filing declares 110 positions · $1,106,480,392 · as of Sep 30, 2026

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

Showing 1–50 of 112 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	444,370	-1,295	$81,439,689	+138043.4%	7.37%
B	Barrick Mining Corp Basic Materials	Reduced	1,488,421	-11,347	$60,534,082	+9.9%	5.48%
FNV	FRANCO NEVADA Corp Basic Materials	Added	251,982	+2,824	$59,999,434	+15.5%	5.43%
PAAS	Pan American Silver Corp Basic Materials	Reduced	1,235,940	-1,436	$56,247,629	+117878.9%	5.09%
MTA	Metalla Royalty & Streaming Ltd. Basic Materials	Reduced	5,832,664	-9,722	$54,943,694	+23.6%	4.97%
FSM	Fortuna Mining Corp. Basic Materials	Reduced	4,491,284	-5,082	$50,482,032	+32.9%	4.57%
EQX	Equinox Gold Corp. Basic Materials	Added	4,185,305	+1,680,772	$46,498,738	+91.0%	4.21%
NEM	NEWMONT Corp Basic Materials	Added	402,053	+103,431	$46,372,793	+289313.9%	4.20%
BTG	B2gold Corp Basic Materials	Added	8,496,967	+348,207	$44,354,167	+45.5%	4.01%
RGLD	Royal Gold Inc Basic Materials	Added	174,265	+8,725	$41,126,540	+24.5%	3.72%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	294,324	-77	$39,357,005	+19.0%	3.56%
BTI	British American Tobacco p.l.c. Consumer Defensive	Added	722,881	+73,835	$39,324,726	−1.9%	3.56%
OR	OR Royalties Inc. Basic Materials	Added	1,054,270	+25,127	$36,203,631	+11.2%	3.28%
AU	AngloGold Ashanti PLC Basic Materials	Added	285,395	+12,109	$26,812,860	+21.3%	2.43%
IAG	Iamgold Corp Basic Materials	Added	1,345,587	+68,961	$24,772,256	+22.5%	2.24%
NVO	Novo Nordisk A S Healthcare	Added	596,858	+2,723	$22,626,886	+124422.0%	2.05%
ELE	Elemental Royalty Corp Basic Materials	Added	1,147,776	+50,800	$21,922,521	+14.5%	1.98%
DC	Dakota Gold Corp. Basic Materials	Added	3,548,147	+8,576	$21,608,215	+43.3%	1.95%
ACN	Accenture plc Technology	Added	117,589	+11,873	$21,562,294	+286251.8%	1.95%
KGC	Kinross Gold Corp Basic Materials	Added	805,317	+43,291	$19,392,033	+161419.5%	1.75%
EQNR	Equinor ASA Energy	Added	413,946	+103,120	$17,220,153	+153802.5%	1.56%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Reduced	514,312	-2,375	$15,845,952	+65664.5%	1.43%
BP	Bp PLC Energy	Reduced	358,804	-459	$15,783,787	+106590.5%	1.43%
SHEL	Shell plc Energy	Reduced	157,944	-1,800	$15,012,577	+346771.0%	1.36%
TTE	TotalEnergies SE Energy	Reduced	174,854	-941	$14,950,017	+237428.1%	1.35%
OUNZ	VanEck Merk Gold ETF	Reduced	373,925	-2,572	$14,919,607	+2.7%	1.35%
KSPI	Joint Stock Co Kaspi.kz Technology	Added	126,411	+17,890	$11,890,218	+184875.4%	1.08%
BNS	Bank Of Nova Scotia Financial Services	Reduced	128,931	-40,575	$11,712,092	−20.4%	1.06%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	251,817	-3,881	$10,460,478	+79092.1%	0.95%
GSK	GSK plc Healthcare	Reduced	205,222	-1,412	$9,885,543	+149999.3%	0.89%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	45,673	-204	$8,715,321	+231014.3%	0.79%
VOD	Vodafone Group Public Ltd Co Communication Services	Added	5,016,477	+5,000,932	$8,400,551	+3984.7%	0.76%
SKM	Sk Telecom Co Ltd Communication Services	Added	223,620	+397	$7,806,574	+8.7%	0.71%
NTR	Nutrien Ltd. Basic Materials	Reduced	102,233	-69	$7,181,868	+228330.9%	0.65%
VALE	Vale S.A. Basic Materials	Added	503,145	+3,528	$6,747,174	+114375.3%	0.61%
ABEV	Ambev S.A. Consumer Defensive	Reduced	2,254,595	-45,646	$6,583,417	−8.9%	0.60%
NVS	Novartis AG Healthcare	Reduced	41,108	-349	$5,860,767	+119801.1%	0.53%
WRN	Western Copper & Gold Corp Basic Materials	Reduced	2,563,921	-3,749	$5,666,265	+47595.8%	0.51%
BHP	BHP Group Ltd Basic Materials	Added	65,496	+4,589	$5,556,680	+9.5%	0.50%
PSLV	Sprott Physical Silver Trust Financial Services	Reduced	279,191	-5,430	$5,407,929	+112354.3%	0.49%
ASML	Asml Holding NV Technology	Reduced	2,724	-1	$4,934,989	−9.0%	0.45%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Added	387,049	+6,841	$4,934,874	+300440.4%	0.45%
RIO	Rio Tinto PLC Basic Materials	Reduced	47,067	-79	$4,432,299	+1067923.9%	0.40%
BCE	Bce Inc Communication Services	Reduced	205,121	-1,955	$4,172,161	−6.3%	0.38%
IE	Ivanhoe Electric Inc. Basic Materials	Reduced	414,235	-4,703	$4,109,211	+2.1%	0.37%
BBD	Bank Bradesco Financial Services	Added	1,136,944	+35,164	$4,002,042	+4.7%	0.36%
UL	Unilever PLC Consumer Defensive	Reduced	65,811	-81	$3,996,702	+162897.6%	0.36%
ITUB	Itau Unibanco Holding S.A. Financial Services	Added	426,002	+1,516	$3,633,797	+4.8%	0.33%
AQN	Algonquin Power & Utilities Corp. Utilities	Reduced	702,850	-600	$3,535,335	−14.2%	0.32%
FEMB	First Trust Emerging Markets Local Currency Bond ETF	Added	110,247	+1,193	$3,139,834	−1.5%	0.28%

Showing the top 50 of 112 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.