Euro Pacific Asset Management, LLC
Reported holdings as of Q3 2026, from 28 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| AGNICO EAGLE MINES LTD | AEM | $90.2M | 444,325 | +0.68pp | 28q | HELD | |
| BARRICK MNG CORP | B | $66.9M | 1,489,562 | -0.97pp | 6q | -0.7%-$458.1K | |
| FRANCO NEV CORP | FNV | $66.4M | 251,885 | -0.67pp | 28q | +1.1%+$719.1K | |
| PAN AMERN SILVER CORP | PAAS | $64.1M | 1,235,554 | -0.18pp | 28q | HELD | |
| METALLA RTY & STREAMING LTD | MTA | $61.1M | 5,830,289 | +0.12pp | 27q | HELD | |
| NEWMONT CORP | NEM | $58.1M | 457,938 | +2.93pp | 28q | +53.4%+$20.2M | |
| FORTUNA MNG CORP | FSM | $54.3M | 4,488,002 | +0.07pp | 10q | HELD | |
| EQUINOX GOLD CORP | EQX | $53.8M | 4,181,021 | +1.57pp | 27q | +66.9%+$21.6M | |
| B2GOLD CORP | BTG | $46.6M | 8,491,724 | +0.30pp | 28q | +4.2%+$1.9M | |
| ROYAL GOLD INC | RGLD | $45.6M | 174,231 | +0.03pp | 28q | +5.3%+$2.3M | |
| WHEATON PRECIOUS METALS CORP | WPM | $44.5M | 294,338 | +0.09pp | 28q | HELD | |
| BRITISH AMERN TOB PLC | BTI | $40.3M | 721,947 | -1.22pp | 28q | +11.2%+$4.1M | |
| OR ROYALTIES INC. | OR | $38.9M | 1,053,179 | -0.41pp | 6q | +2.3%+$888.5K | |
| ANGLOGOLD ASHANTI PLC | AU | $32.0M | 285,337 | +0.01pp | 6q | +4.4%+$1.4M | |
| IAMGOLD CORP | IAG | $27.5M | 1,344,447 | -0.10pp | 24q | +5.3%+$1.4M | |
| NOVO-NORDISK A S | NVO | $27.2M | 593,191 | +0.16pp | 28q | HELD | |
| ELEMENTAL RTY CORP | ELE | $26.3M | 1,152,194 | -0.06pp | 4q | +5.0%+$1.3M | |
| KINROSS GOLD CORP | KGC | $24.8M | 805,507 | +0.66pp | 28q | +5.7%+$1.3M | |
| ACCENTURE PLC IRELAND | ACN | $22.3M | 117,454 | +0.97pp | 4q | +11.1%+$2.2M | |
| DAKOTA GOLD CORP | DC | $21.5M | 3,539,308 | -0.01pp | 16q | HELD | |
| EQUINOR ASA | EQNR | $17.8M | 414,023 | +0.18pp | 28q | +33.2%+$4.4M | |
| TRIPLE FLAG PRECIOUS METAL | TFPM | $17.4M | 515,122 | -1.32pp | 5q | HELD | |
| VANECK MERK GOLD ETF | OUNZ | $16.0M | 373,719 | -0.35pp | 26q | -0.7%-$118.8K | |
| TOTALENERGIES SE | TTE | $15.7M | 174,706 | +0.57pp | 3q | -0.6%-$97.8K | |
| BP PLC | BP | $15.5M | 358,097 | -0.41pp | 25q | HELD | |
| SHELL PLC | SHEL | $14.7M | 158,055 | +0.71pp | 18q | -1.1%-$156.6K | |
| KASPI KZ JSC | KSPI | $13.4M | 126,161 | +0.36pp | 3q | +16.3%+$1.9M | |
| BANK NOVA SCOTIA B C | BNS | $12.0M | 128,821 | -0.61pp | 26q | -24.0%-$3.8M | |
| VODAFONE GROUP PLC | VOD | $11.5M | 7,018,174 | +0.92pp | 25q | +45047.5%+$11.5M | |
| SPROTT ASSET MANAGEMENT LP | CEF | $11.4M | 252,049 | -0.57pp | 28q | -1.4%-$165.4K | |
| GSK PLC | GSK | $10.3M | 204,907 | +0.10pp | 17q | -0.8%-$87.0K | |
| SK TELECOM CO LTD | SKM | $8.6M | 223,754 | -0.09pp | 20q | HELD | |
| PHILIP MORRIS INTL INC | PM | $8.6M | 45,653 | +0.27pp | 28q | HELD | |
| NUTRIEN LTD | NTR | $7.9M | 101,897 | +0.29pp | 28q | HELD | |
| VALE S A | VALE | $7.6M | 499,476 | -0.05pp | 19q | HELD | |
| AMBEV SA | ABEV | $6.7M | 2,262,903 | -0.33pp | 28q | -1.6%-$110.5K | |
| NOVARTIS AG | NVS | $6.4M | 41,100 | -0.03pp | 28q | -0.9%-$55.9K | |
| WESTERN COPPER & GOLD CORP | WRN | $6.4M | 2,556,308 | -0.83pp | 9q | HELD | |
| SPROTT ASSET MANAGEMENT LP | PSLV | $6.1M | 279,022 | -0.05pp | 27q | -2.0%-$122.4K | |
| BHP BILLITON LIMITED | BHP | $5.8M | 64,831 | -0.10pp | 6q | +6.4%+$352.9K | |
| P T TELEKOMUNIKASI INDONESIA | TLK | $5.6M | 377,946 | +0.27pp | 7q | -0.6%-$33.2K | |
| BCE INC | BCE | $4.8M | 205,041 | -0.13pp | 28q | -1.0%-$48.0K | |
| Rio Tinto PLC | RIO | $4.8M | 46,918 | +0.35pp | 11q | HELD | |
| ASML HLDG NV | ASML | $4.6M | 2,724 | -0.28pp | 5q | HELD | |
| IVANHOE ELECTRIC INC | IE | $4.6M | 414,453 | -0.08pp | 11q | -1.1%-$49.4K | |
| UNILEVER PLC | UL | $4.2M | 65,754 | +0.07pp | 4q | HELD | |
| ALGONQUIN POWER & UTILITIES | AQN | $4.0M | 703,450 | -0.15pp | 15q | HELD | |
| Banco Bradesco SA | BBD | $3.7M | 1,136,944 | -0.13pp | 24q | +3.2%+$115.7K | |
| NU HLDGS LTD | NU | $3.4M | 231,251 | flat | 5q | HELD | |
| ITAU UNIBANCO HLDG S A | ITUB | $3.2M | 426,002 | -0.13pp | 19q | HELD | |
| FIRST TR EXCH TRADED FD III | FEMB | $3.2M | 109,170 | -0.10pp | 21q | HELD | |
| GOLD FIELDS LTD | GFI | $3.1M | 66,176 | -0.02pp | 28q | HELD | |
| SEA LTD | SE | $2.5M | 22,177 | - | new | NEW | |
| GRAB HOLDINGS LIMITED | GRAB | $2.3M | 653,429 | -0.13pp | 5q | HELD | |
| nan | MELI | $2.0M | 1,052 | +0.11pp | 15q | +248.3%+$1.5M | |
| SANOFI SA | SNY | $2.0M | 45,375 | +0.15pp | 4q | -1.1%-$21.9K | |
| SAP SE | SAP | $1.9M | 8,748 | - | new | NEW | |
| ISHARES TR | IGOV | $1.9M | 45,939 | -0.06pp | 21q | +0.6%+$11.6K | |
| FMC CORP | FMC | $1.8M | 159,351 | -0.06pp | 4q | HELD | |
| HDFC BANK LTD | HDB | $1.8M | 78,080 | - | new | NEW | |
| SPROTT ASSET MANAGEMENT LP | PHYS | $1.6M | 47,495 | +0.06pp | 13q | +1.8%+$28.4K | |
| FIRST MAJESTIC SILVER CORP | AG | $1.5M | 70,499 | +0.05pp | 28q | +20.9%+$253.0K | |
| WISDOMTREE TR | USFR | $1.4M | 28,736 | -0.06pp | 10q | -5.7%-$87.4K | |
| NETEASE COM INC | NTES | $1.4M | 11,495 | - | new | NEW | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.2M | 2,990 | +0.01pp | 14q | +4.1%+$48.1K | |
| SPDR SERIES TRUST | BWX | $1.2M | 54,914 | -0.04pp | 21q | +0.6%+$7.2K | |
| VANECK ETF TRUST | GDX | $1.2M | 11,655 | +0.06pp | 15q | HELD | |
| GRUPO AEROPORTUARIO DEL SURE | ASR | $918.6K | 3,586 | +0.03pp | 6q | +19.3%+$148.8K | |
| HALEON PLC | HLN | $831.6K | 85,376 | -0.08pp | 16q | -1.3%-$11.1K | |
| INFOSYS LTD | INFY | $823.8K | 68,366 | -0.04pp | 14q | HELD | |
| DIAGEO PLC | DEO | $723.7K | 8,000 | -0.01pp | 26q | +11.2%+$72.8K | |
| VANGUARD WHITEHALL FDS | VWOB | $676.2K | 10,300 | +0.04pp | 9q | HELD | |
| ENBRIDGE INC | ENB | $626.7K | 12,352 | -0.02pp | 11q | +3.2%+$19.6K | |
| ISHARES TR | USHY | $594.0K | 16,210 | +0.04pp | 9q | HELD | |
| ISHARES TR | QUAL | $552.3K | 2,481 | - | new | NEW | |
| SPDR GOLD TR | GLD | $535.3K | 1,310 | -0.02pp | 5q | HELD | |
| COMPANIA DE MINAS BUENAVENTU | BVN | $514.1K | 14,987 | -0.02pp | 4q | HELD | |
| JANUS DETROIT STR TR | JAAA | $505.3K | 9,996 | -0.09pp | 9q | HELD | |
| ISHARES TR | ACWX | $441.6K | 5,706 | - | new | NEW | |
| HSBC HLDGS PLC | HSBC | $435.3K | 4,115 | - | new | NEW | |
| COEUR MNG INC | CDE | $403.3K | 19,145 | -0.01pp | 3q | HELD | |
| ALAMOS GOLD INC | AGI | $398.2K | 10,871 | flat | 28q | +14.9%+$51.6K | |
| VANECK ETF TRUST | GDXJ | $395.5K | 3,035 | +0.03pp | 4q | HELD | |
| ENDEAVOUR SILVER CORP | EXK | $365.5K | 32,520 | flat | 20q | HELD | |
| UNITED MICROELECTRONICS CORP | UMC | $364.5K | 18,333 | -0.03pp | 5q | +2.9%+$10.3K | |
| ISHARES SILVER TR | SLV | $346.3K | 5,760 | -0.12pp | 3q | +2.6%+$8.7K | |
| GLOBAL X FDS | URA | $309.5K | 6,780 | +0.01pp | 6q | HELD | |
| BLACKROCK FLOATING RATE INCO | FRA | $309.4K | 28,200 | -0.02pp | 7q | -11.8%-$41.3K | |
| ENERGY TRANSFER L P | ET | $298.6K | 13,865 | -0.01pp | 10q | HELD | |
| MAYFAIR GOLD CORP | MINE | $297.1K | 93,600 | flat | 3q | HELD | |
| ISHARES GOLD TR | IAU | $293.3K | 3,504 | flat | 7q | +3.9%+$11.0K | |
| OMEGA HEALTHCARE INVS INC | OHI | $272.2K | 5,800 | -1.29pp | 9q | HELD | |
| ALIBABA GROUP HLDG LTD | BABA | $270.0K | 2,407 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $261.6K | 5,200 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VT | $261.1K | 1,626 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $247.1K | 487 | - | new | NEW | |
| INTERNATIONAL BUSINESS MACHS | IBM | $221.0K | 944 | -0.61pp | 7q | +2.5%+$5.4K | |
| YUM CHINA HLDGS INC | YUMC | $219.6K | 4,977 | - | new | NEW | |
| CONOCOPHILLIPS | COP | $210.3K | 1,587 | - | new | NEW | |
| CISCO SYS INC | CSCO | $208.8K | 1,922 | - | new | NEW | |
| CREDICORP LTD | BAP | $207.0K | 565 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $202.7K | 3,000 | - | new | NEW | |
| CEMEX SAB DE CV | CX | $145.9K | 13,589 | -0.01pp | 13q | +1.1%+$1.6K | |
| TELEFONICA BRASIL SA | VIV | $123.3K | 10,684 | -0.01pp | 4q | +1.4%+$1.7K | |
| Vizsla Silver Corp | VZLA | $97.5K | 23,885 | +0.01pp | 3q | HELD | |
| AVINO SILVER & GOLD MINES LT | ASM | $75.0K | 10,000 | -0.03pp | 3q | HELD | |
| WIPRO LTD | WIT | $73.6K | 39,763 | flat | 14q | +2.2%+$1.6K | |
| I-80 GOLD CORP | IAUX | $29.5K | 16,272 | flat | 17q | -75.6%-$91.3K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Mining & Metals | $813.0M | 66.5% |
| Energy | $64.2M | 5.2% |
| Holding & Investment | $62.9M | 5.1% |
| Food, Drink & Tobacco | $56.3M | 4.6% |
| Biotech & Pharma | $46.2M | 3.8% |
| Business Services | $42.8M | 3.5% |
| Capital Markets | $36.3M | 3.0% |
| Telecom & Media | $30.9M | 2.5% |
| Banks & Lending | $24.8M | 2.0% |
| Other sectors | $32.5M | 2.7% |
| Not classified | $12.7M | 1.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +11.6% | +2.1% | +9.5% | 107% |
| Q2 2026 | -12.9% | +14.8% | -27.7% | 106% |
| Q1 2026 | +6.1% | -4.6% | +10.7% | 105% |
| Q4 2025 | +11.1% | +2.4% | +8.7% | 104% |
| Q3 2025 | +31.2% | +7.8% | +23.4% | 114% |
| Q2 2025 | +9.8% | +10.5% | -0.6% | 96% |
| Q1 2025 | +22.0% | -4.6% | +26.5% | 99% |
| Q4 2024 | -10.8% | +2.1% | -13.0% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $1.2B | 108 | 16 | 34 | 18 | 4 | 49.7% | 13 |
| Q2 2026 | $879.5M | 96 | 0 | 23 | 37 | 0 | 49.3% | 37 |
| Q1 2026 | $1.0B | 96 | 9 | 41 | 26 | 6 | 49.7% | 36 |
| Q4 2025 | $900.9M | 93 | 9 | 42 | 25 | 5 | 52.9% | 21 |
| Q3 2025 | $828.7M | 89 | 7 | 8 | 66 | 2 | 54.9% | 14 |
| Q2 2025 | $1.1B | 84 | 11 | 58 | 4 | 6 | 57.7% | 22 |
| Q1 2025 | $551.1M | 79 | 9 | 17 | 38 | 1 | 54.7% | 39 |
| Q4 2024 | $463.9M | 71 | 0 | 15 | 45 | 4 | 51.1% | 21 |
| Q3 2024 | $542.5M | 75 | 7 | 14 | 42 | 0 | 48.9% | 37 |
| Q2 2024 | $504.8M | 68 | 3 | 22 | 36 | 7 | 46.6% | 30 |
| Q1 2024 | $491.4M | 72 | 5 | 26 | 30 | 0 | 45.0% | 37 |
| Q4 2023 | $468.1M | 67 | 0 | 22 | 21 | 0 | 42.7% | 31 |
| Q3 2023 | $427.1M | 67 | 4 | 28 | 23 | 3 | 42.1% | 37 |
| Q2 2023 | $457.8M | 66 | 5 | 39 | 17 | 4 | 42.0% | 45 |
| Q1 2023 | $466.4M | 65 | 5 | 29 | 19 | 11 | 39.7% | 42 |
| Q4 2022 | $446.4M | 71 | 13 | 17 | 26 | 2 | 40.5% | 45 |
| Q3 2022 | $380.7M | 60 | 2 | 19 | 21 | 6 | 41.1% | 45 |
| Q2 2022 | $422.1M | 64 | 7 | 34 | 12 | 4 | 41.2% | 46 |
| Q1 2022 | $509.7M | 61 | 5 | 33 | 14 | 5 | 42.4% | 43 |
| Q4 2021 | $443.9M | 61 | 6 | 27 | 19 | 1 | 40.7% | 45 |
| Q3 2021 | $382.8M | 56 | 9 | 27 | 14 | 1 | 44.5% | 43 |
| Q2 2021 | $410.2M | 48 | 2 | 38 | 5 | 5 | 45.7% | 37 |
| Q1 2021 | $389.4M | 51 | 1 | 18 | 22 | 4 | 45.7% | 44 |
| Q4 2020 | $412.2M | 54 | 7 | 36 | 5 | 6 | 47.3% | 42 |
| Q3 2020 | $394.8M | 53 | 8 | 26 | 11 | 2 | 51.4% | 49 |
| Q2 2020 | $358.5M | 47 | 8 | 18 | 16 | 3 | 51.9% | 136 |
| Q1 2020 | $301.9M | 42 | 5 | 26 | 11 | 4 | 53.9% | 37 |
| Q4 2019 | $276.7M | 41 | 0 | 0 | 0 | 0 | 54.4% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.