Euro Pacific Asset Management, LLC

hedge fundUpdated 35 days ago

Managed by Euro Pacific Asset Management, Llc • Latest filing Q2 2026

Portfolio value

$879.5M

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

23.6%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$466.4M
Q2 2023	$457.8M
Q3 2023	$427.1M
Q4 2023	$468.1M
Q1 2024	$491.4M
Q2 2024	$504.8M
Q3 2024	$542.5M
Q4 2024	$463.9M
Q1 2025	$551.1M
Q2 2025	$451.5M
Q3 2025	$828.7M
Q4 2025	$900.9M
Q1 2026	$1B
Q2 2026	$879.5M

Top holdings

96 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	A AEM AGNICO EAGLE MINES LTD	$59M	445.7K	6.70%	Trimmed(-0.4%)
2	B B BARRICK MINING CORP	$56.6M	1.50M	6.44%	Trimmed(-9.9%)
3	F FNV FRANCO-NEVADA CORP	$53.7M	249.2K	6.10%	Trimmed(-0.2%)
4	P PAASF PAN AMERICAN SILVER CORP	$47.7M	1.24M	5.42%	Trimmed(-1.2%)
5	M MTA METALLA ROYALTY & STREAMING	$42.9M	5.84M	4.88%	Added(+1.7%)
6	B BTAFF BRITISH AMERICAN TOB-SP ADR	$39.7M	649.0K	4.51%	Trimmed(-0.7%)
7	F FSM FORTUNA MINING CORP	$38.4M	4.50M	4.37%	Added(+0.2%)
8	R RGLD ROYAL GOLD INC	$32.5M	165.5K	3.70%	Added(+0.1%)
9	O OR OR ROYALTIES INC	$31.6M	1.03M	3.59%	Added(+0.2%)
10	W WPM WHEATON PRECIOUS METALS CORP	$31.2M	294.4K	3.55%	Trimmed(0.0%)
11	B BTG B2GOLD CORP	$30.8M	8.15M	3.50%	Added(+0.1%)
12	E EQX EQUINOX GOLD CORP	$24.8M	2.50M	2.82%	Added(+9.2%)
13	T TFPM TRIPLE FLAG PRECIOUS MET	$24.1M	516.7K	2.74%	Trimmed(-0.7%)
14	A AU ANGLOGOLD ASHANTI PLC	$22.9M	273.3K	2.61%	Added(+0.2%)
15	I IAG IAMGOLD CORP	$20.7M	1.28M	2.35%	Added(+0.6%)
16	E ELE ELEMENTAL ROYALTY CORP	$19.4M	1.10M	2.21%	Added(+13.9%)
17	N NONOF NOVO-NORDISK A/S-SPONS ADR	$18.2M	594.1K	2.07%	Added(+27.1%)
18	N NEMCL NEWMONT CORP	$16M	298.6K	1.82%	Trimmed(-14.3%)
19	D DC DAKOTA GOLD CORP	$15.5M	3.54M	1.77%	Added(+0.2%)
20	B BPPFF BP PLC-SPONS ADR	$14.8M	359.3K	1.68%	Trimmed(-0.8%)

A

AGNICO EAGLE MINES LTD

-0.4%

Value

$59M

Shares

445.7K

% Port

6.70%

B

2.B

BARRICK MINING CORP

-9.9%

Value

$56.6M

Shares

1.50M

% Port

6.44%

F

FRANCO-NEVADA CORP

-0.2%

Value

$53.7M

Shares

249.2K

% Port

6.10%

P

PAN AMERICAN SILVER CORP

-1.2%

Value

$47.7M

Shares

1.24M

% Port

5.42%

M

METALLA ROYALTY & STREAMING

+1.7%

Value

$42.9M

Shares

5.84M

% Port

4.88%

B

BRITISH AMERICAN TOB-SP ADR

-0.7%

Value

$39.7M

Shares

649.0K

% Port

4.51%

F

FORTUNA MINING CORP

+0.2%

Value

$38.4M

Shares

4.50M

% Port

4.37%

R

ROYAL GOLD INC

+0.1%

Value

$32.5M

Shares

165.5K

% Port

3.70%

O

9.OR

OR ROYALTIES INC

+0.2%

Value

$31.6M

Shares

1.03M

% Port

3.59%

W

10.WPM

WHEATON PRECIOUS METALS CORP

0.0%

Value

$31.2M

Shares

294.4K

% Port

3.55%

B

11.BTG

B2GOLD CORP

+0.1%

Value

$30.8M

Shares

8.15M

% Port

3.50%

E

12.EQX

EQUINOX GOLD CORP

+9.2%

Value

$24.8M

Shares

2.50M

% Port

2.82%

T

TRIPLE FLAG PRECIOUS MET

-0.7%

Value

$24.1M

Shares

516.7K

% Port

2.74%

A

14.AU

ANGLOGOLD ASHANTI PLC

+0.2%

Value

$22.9M

Shares

273.3K

% Port

2.61%

I

15.IAG

IAMGOLD CORP

+0.6%

Value

$20.7M

Shares

1.28M

% Port

2.35%

E

16.ELE

ELEMENTAL ROYALTY CORP

+13.9%

Value

$19.4M

Shares

1.10M

% Port

2.21%

N

NOVO-NORDISK A/S-SPONS ADR

+27.1%

Value

$18.2M

Shares

594.1K

% Port

2.07%

N

NEWMONT CORP

-14.3%

Value

$16M

Shares

298.6K

% Port

1.82%

D

19.DC

DAKOTA GOLD CORP

+0.2%

Value

$15.5M

Shares

3.54M

% Port

1.77%

B

BP PLC-SPONS ADR

-0.8%

Value

$14.8M

Shares

359.3K

% Port

1.68%

View full portfolio (96 holdings) →

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