Vault-13

Merk Investments LLC

PALO ALTO, CA · CIK 1302842 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

As an employer

US visa salary filings

Job titleFilingsMedianRange
Senior Quantitative Precious Metals AnalystMenlo Park, CA 1 $195,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Merk Investments, LLC.

$313.5m reported value -14.8% vs Q1 2026
11positions
99.6%in top 10
0 new 2 added 1 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 AMERICAS GOLD AND SILVER COR COM NEW USAS USAS 19,392,000 $91.5m29.20% 29.20% UnchangedShares held: Q3 2025 25.7m, Q4 2025 23.4m, Q1 2026 19.4m, Q2 2026 19.4m
2 ORLA MNG LTD NEW COM OLA OLA 7,000,000 $68.5m21.86% 21.86% AddedShares held: Q3 2025 6.2m, Q4 2025 6.2m, Q1 2026 6.2m, Q2 2026 7.0m +800.0k +800,000 12.9%
3 EQUINOX GOLD CORP COM EQX EQX 4,900,000 $47.7m15.23% 15.23% UnchangedShares held: Q3 2025 4.9m, Q4 2025 4.9m, Q1 2026 4.9m, Q2 2026 4.9m
4 NEW FOUND GOLD CORP COM NFGC NFGC 16,312,500 $25.2m8.03% 8.03% AddedShares held: Q3 2025 2.4m, Q4 2025 4.8m, Q1 2026 4.8m, Q2 2026 16.3m +11.6m +11,562,500 243.4%
5 METALLA RTY & STREAMING LTD COM NEW MTA MTA 3,000,000 $22.8m7.28% 7.28% UnchangedShares held: Q3 2025 3.0m, Q4 2025 3.0m, Q1 2026 3.0m, Q2 2026 3.0m
6 VERSAMET ROYALTIES CORP COM NEW VMET VMET 1,400,000 $17.2m5.48% 5.48% UnchangedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.4m, Q2 2026 1.4m
7 ALAMOS GOLD INC NEW COM CL A AGI AGI 450,000 $13.7m4.35% 4.35% UnchangedShares held: Q3 2025 750.0k, Q4 2025 450.0k, Q1 2026 450.0k, Q2 2026 450.0k
8 AGNICO EAGLE MINES LTD COM AEM AEM 80,000 $12.4m3.96% 3.96% UnchangedShares held: Q3 2025 140.0k, Q4 2025 80.0k, Q1 2026 80.0k, Q2 2026 80.0k
9 B2GOLD CORP COM BTG BTG 2,000,000 $7.5m2.39% 2.39% UnchangedShares held: Q3 2025 2.0m, Q4 2025 2.0m, Q1 2026 2.0m, Q2 2026 2.0m
10 INTEGRA RES CORP COM ITRG ITRG 2,562,526 $5.8m1.85% 1.85% UnchangedShares held: Q3 2025 4.0m, Q4 2025 2.6m, Q1 2026 2.6m, Q2 2026 2.6m
11 VANECK MERK GOLD ETF GOLD SHS OUNZ OUNZ 29,794 $1.1m0.37% 0.37% ReducedShares held: Q3 2025 26.6k, Q4 2025 22.9k, Q1 2026 34.2k, Q2 2026 29.8k -4.4k -4,406 -12.9%