Merk Investments 13F annual report

Merk Investments is an investment fund managing more than $89.7 billion ran by Alexander Merk. There are currently 12 companies in Mr. Merk’s portfolio. The largest investments include Orla Mng Ltd New and Alamos Gold, together worth $39.5 billion.

$89.7 billion Assets Under Management (AUM)

As of 7th August 2024, Merk Investments’s top holding is 6,200,000 shares of Orla Mng Ltd New currently worth over $23.8 billion and making up 26.6% of the portfolio value. In addition, the fund holds 1,000,000 shares of Alamos Gold worth $15.7 billion, whose value grew 61.3% in the past six months. The third-largest holding is Barrick Gold worth $10.8 billion and the next is Agnico Eagle Mines Ltd worth $10.8 billion, with 165,000 shares owned.

Currently, Merk Investments's portfolio is worth at least $89.7 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Merk Investments

The Merk Investments office and employees reside in Menlo Park, California. According to the last 13-F report filed with the SEC, Alexander Merk serves as the Principal at Merk Investments.

Recent trades

In the most recent 13F filing, Merk Investments revealed that it had opened a new position in Vaneck Merk Gold Tr and bought 18,800 shares worth $422 million.

The investment fund also strengthened its position in Metalla Rty & Streaming Ltd by buying 250,000 additional shares. This makes their stake in Metalla Rty & Streaming Ltd total 450,000 shares worth $1.25 billion.

On the other hand, there are companies that Merk Investments is getting rid of from its portfolio. Merk Investments closed its position in Skeena Res Ltd New on 14th August 2024. It sold the previously owned 700,000 shares for $3.23 billion. Alexander Merk also disclosed a decreased stake in Perpetua Resources Corp by 0.3%. This leaves the value of the investment at $798 million and 153,484 shares.

One of the smallest hedge funds

The two most similar investment funds to Merk Investments are Ramsey Quantitative Systems and William Marsh Rice University. They manage $89.4 billion and $89.3 billion respectively.

Alexander Merk investment strategy

Merk Investments’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Materials — making up 65.3% of the total portfolio value. The fund focuses on investments in the Canada as 33.3% of the portfolio companies are based in the Canada.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 17% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $11.1 billion.

The complete list of Merk Investments trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Orla Mng Ltd New	No change 6,200,000	$23,808,000,000	26.56%
Alamos Gold Inc.	No change 1,000,000	$15,680,000,000	17.49%
Barrick Gold Corp.	No change 650,000	$10,842,000,000	12.09%
Agnico Eagle Mines Ltd	No change 165,000	$10,791,000,000	12.04%
Gold Fields Ltd	No change 600,000	$8,940,000,000	9.97%
AngloGold Ashanti Plc.	No change 275,000	$6,910,750,000	7.71%
B2gold Corp	No change 2,000,000	$5,400,000,000	6.02%
Integra Res Corp	No change 4,487,472	$4,146,837,000	4.63%
Skeena Res Ltd New	Closed 700,000	$3,234,000,000
Sibanye Stillwater Ltd	Closed 273,043	$1,286,032,000
Metalla Rty & Streaming Ltd	125.00% 450,000	$1,251,000,000	1.40%
Perpetua Resources Corp	33.26% 153,484	$798,117,000	0.89%
Americas Gold And Silver Cor	No change 2,701,028	$660,363,000	0.74%
Vaneck Merk Gold Tr	Opened 18,800	$422,248,000	0.47%
No transactions found
Showing first 500 out of 14 holdings