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Asset Manager ← All Institutions

Euro Pacific Asset Management, LLC

LOTS 81-82, STREET C, STE. 206, DORADO, PR 00646 • 949-878-8057

Q2 2025 · Filed 2025-07-23
Market Value
$618M
+26.3%
Holdings
86
+9
New Purchases
10
Added To
32
Closed
3
Reduced
28
Top 10 Concentration
55.5%
Turnover
15.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
B 7.31% 0.00% +7.31% $45M
OR 4.48% 0.00% +4.48% $28M
TLK 1.01% 0.13% +0.87% $6M
BTG 4.06% 3.40% +0.66% $25M
MTA 3.51% 2.98% +0.53% $22M
NEM 4.33% 3.82% +0.52% $27M
BHP 0.43% 0.00% +0.43% $3M
RIO 0.44% 0.06% +0.38% $3M
DC 1.39% 1.09% +0.30% $9M
IE 0.71% 0.55% +0.16% $4M
SKM 0.46% 0.31% +0.15% $3M
BCE 0.44% 0.31% +0.14% $3M
QUAL 0.11% 0.00% +0.11% $652K
ACWX 0.10% 0.00% +0.10% $648K
ASR 0.07% 0.00% +0.07% $432K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AEM 9.10% 11.51% -2.42% $56M
UL 1.63% 3.00% -1.37% $10M
PM 1.42% 2.73% -1.30% $9M
FNV 6.06% 7.31% -1.25% $37M
PAAS 6.11% 6.94% -0.82% $38M
FSM 4.67% 5.43% -0.76% $29M
BP 1.77% 2.53% -0.76% $11M
SHEL 1.90% 2.57% -0.67% $12M
TTE 1.62% 2.17% -0.54% $10M
BTI 5.09% 5.63% -0.54% $31M
RGLD 3.34% 3.84% -0.50% $21M
KGC 2.36% 2.84% -0.48% $15M
OUNZ 2.36% 2.79% -0.43% $15M
EQNR 1.09% 1.49% -0.39% $7M
YUMC 0.00% 0.38% -0.38% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Basic Materials 72.1%
Financial Services 7.3%
Energy 5.3%
Consumer Defensive 5.2%
Healthcare 4.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $46M 7.4%
Large Cap 48 $397M 64.2%
Mid Cap 14 $127M 20.5%
Small Cap 13 $48M 7.8%
Micro Cap 1 $369K 0.1%

Portfolio Analytics

Avg Market Cap
$89.3B
Median Market Cap
$26.6B
Avg P/E
20.6
Median P/E
16.4
Avg Dividend Yield
0.03%
Avg Beta
0.77
# Stocks
66
# ETFs / Funds
20

Top Holdings (86 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AEM 9.10% 473,109 $56M $118.87 -$104K -46,545 -9.0%
2 B 7.31% 2,171,791 $45M $20.82 +2,171,791 NEW
3 PAAS 6.11% 1,331,383 $38M $28.39 $4M +16,241 +1.2%
4 FNV 6.06% 228,628 $37M $163.83 $2M +1,856 +0.8%
5 BTI 5.09% 664,408 $31M $47.35 $4M -1,111 -0.2%
6 FSM 4.67% 4,417,962 $29M $6.54 $2M +63,508 +1.5%
7 OR 4.48% 1,079,090 $28M $25.68 +1,079,090 NEW
8 NEM 4.33% 459,651 $27M $58.27 $8M +74,843 +19.4%
9 WPM 4.26% 293,660 $26M $89.73 $4M +3,053 +1.1%
10 BTG 4.06% 6,953,735 $25M $3.61 $8M +1,124,681 +19.3%
11 MTA 3.51% 5,657,905 $22M $3.84 $7M +596,472 +11.8%
12 RGLD 3.34% 116,135 $21M $177.70 $2M +1,366 +1.2%
13 OUNZ 2.36% 455,611 $15M $31.99 $922K +4,337 +1.0%
14 KGC 2.36% 932,379 $15M $15.63 $684K -170,854 -15.5%
15 SHEL 1.90% 166,870 $12M $70.43 -$818K -5,152 -3.0%
16 NVS 1.82% 93,058 $11M $121.01 $777K -903 -1.0%
17 BP 1.77% 365,237 $11M $29.94 -$1M -1,423 -0.4%
18 UL 1.63% 164,863 $10M $61.19 -$5M -81,316 -33.0%
19 TTE 1.62% 163,513 $10M $61.38 -$573K -1,371 -0.8%
20 BNS 1.59% 177,224 $10M $55.31 $1M -1,239 -0.7%
21 CEF 1.52% 312,796 $9M $30.10 $327K -7,601 -2.4%
22 IAG 1.48% 1,245,480 $9M $7.35 $2M +100,117 +8.7%
23 PM 1.42% 48,293 $9M $182.08 -$5M -35,926 -42.7%
24 DC 1.39% 2,318,912 $9M $3.70 $3M +313,162 +15.6%
25 GSK 1.33% 213,261 $8M $38.43 -$38K +292 +0.1%
26 NVO 1.29% 115,430 $8M $69.02 $2M +25,273 +28.0%
27 EQX 1.28% 1,372,906 $8M $5.76 $426K +282,562 +25.9%
28 ABEV 1.23% 3,156,817 $8M $2.41 $145K -37,446 -1.2%
29 EQNR 1.09% 268,922 $7M $25.14 -$518K -2,807 -1.0%
30 TLK 1.01% 367,958 $6M $16.96 $6M +324,400 +744.8%
31 NTR 0.99% 105,383 $6M $58.25 $862K -590 -0.6%
32 IE 0.71% 481,681 $4M $9.10 $2M +18,335 +4.0%
33 IAUX 0.71% 7,157,725 $4M $0.61 $234K +82,062 +1.2%
34 PSLV 0.61% 311,622 $4M $12.13 $639K +39,473 +14.5%
35 FEMB 0.53% 111,487 $3M $29.35 $159K -2,111 -1.9%
36 SKM 0.46% 121,537 $3M $23.38 $1M +49,653 +69.1%
37 BCE 0.44% 123,651 $3M $22.17 $1M +58,845 +90.8%
38 RIO 0.44% 46,225 $3M $58.41 $2M +41,350 +848.2%
39 BHP 0.43% 55,552 $3M $48.15 +55,552 NEW
40 IGOV 0.33% 46,543 $2M $43.79 $132K -899 -1.9%
41 AQN 0.33% 354,648 $2M $5.72 $207K -145 -0.0%
42 BBD 0.29% 582,848 $2M $3.10 $503K +464 +0.1%
43 BWX 0.21% 54,023 $1M $23.88 $64K -975 -1.8%
44 INFY 0.20% 65,545 $1M $18.57 $18K +63 +0.1%
45 ITUB 0.20% 178,721 $1M $6.80 $170K -10,710 -5.7%
46 PHYS 0.19% 49,064 $1M $23.99 $65K +1,303 +2.7%
47 HLN 0.15% 92,169 $957K $10.38 $4K -850 -0.9%
48 EMX 0.15% 378,366 $953K $2.52 -$463K -314,805 -45.4%
49 DEO 0.14% 8,286 $837K $101.01 -$16K +211 +2.6%
50 MELI 0.12% 289 $760K $2,629.76 $191K
51 QUAL 0.11% 3,569 $652K $182.68 +3,569 NEW
52 TSM 0.10% 2,845 $649K $228.12 $173K +26 +0.9%
53 ACWX 0.10% 10,633 $648K $60.94 +10,633 NEW
54 GDX 0.10% 12,403 $646K $52.08 $57K -390 -3.0%
55 VALE 0.10% 65,185 $636K $9.76 -$22K +67 +0.1%
56 VWOB 0.09% 8,785 $574K $65.34 $11K
57 IAU 0.09% 9,061 $565K $62.36 $175K +2,441 +36.9%
58 USHY 0.09% 14,875 $558K $37.51 $13K
59 JAAA 0.09% 10,985 $557K $50.71 $2K
60 PSK 0.08% 15,965 $507K $31.76 -$8K
61 ENB 0.07% 10,165 $461K $45.35 $4K -85 -0.8%
62 ASR 0.07% 1,343 $432K $321.67 +1,343 NEW
63 FRA 0.06% 28,200 $371K $13.16 $7K
64 WRN 0.06% 292,637 $371K $1.27 -$837K -767,714 -72.4%
65 HYIN 0.06% 21,450 $369K $17.20 -$13K
66 SPLG 0.06% 5,051 $367K $72.66 +5,051 NEW
67 GFI 0.06% 14,651 $353K $24.09 $45K +1,033 +7.6%
68 AG 0.06% 41,247 $341K $8.27 $66K +10 +0.0%
69 USFR 0.05% 6,720 $338K $50.30 -$554K -10,995 -62.1%
70 AGI 0.05% 11,089 $295K $26.60 -$28K -978 -8.1%
71 IBM 0.04% 891 $262K $294.05 $41K
72 SAP 0.04% 848 $259K $305.42 $24K -17 -2.0%
73 URA 0.04% 6,310 $245K $38.83 +6,310 NEW
74 ET 0.04% 13,210 $239K $18.09 -$8K
75 IFN 0.04% 14,100 $233K $16.52 $12K
76 XOM 0.04% 2,080 $224K $107.69 -$2K +180 +9.5%
77 OHI 0.03% 5,800 $213K $36.72 -$9K
78 KT 0.03% 9,339 $201K $21.52 +9,339 NEW
79 VOD 0.02% 13,891 $150K $10.80 $4K -1,400 -9.2%
80 EXK 0.02% 27,520 $136K $4.94 $30K
81 WIT 0.01% 24,025 $77K $3.20 -$1K +386 +1.6%
82 CX 0.01% 10,372 $74K $7.13 $13K
83 HKD —% 208,891 $27K $0.13 +208,891 NEW
84 NTES —% -$1M -13,172 -100.0% SOLD
85 YUMC —% -$2M -35,451 -100.0% SOLD
86 BABA —% -$331K -2,469 -100.0% SOLD

New Positions

SymbolValue% Port
B $45M 7.31%
OR $28M 4.48%
BHP $3M 0.43%
QUAL $652K 0.11%
ACWX $648K 0.10%
ASR $432K 0.07%
SPLG $367K 0.06%
URA $245K 0.04%
KT $201K 0.03%
HKD $27K —%

Sold Out Positions

SymbolValue% Port
YUMC —%
NTES —%
BABA —%
View SEC EDGAR Filings for Euro Pacific Asset Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms