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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

Q3 2025 · Filed 2025-10-14
Market Value
$821M
+32.8%
Holdings
90
+4
New Purchases
7
Added To
35
Closed
2
Reduced
37
Top 10 Concentration
55.4%
Turnover
10.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TFPM.TO 1.87% 0.00% +1.87% $15M
EQX 2.36% 1.28% +1.08% $19M
NVO 2.13% 1.29% +0.84% $17M
IAG 2.32% 1.48% +0.84% $19M
MTA 4.35% 3.51% +0.83% $36M
B 7.88% 7.31% +0.57% $65M
RGLD 3.90% 3.34% +0.56% $32M
BTG 4.50% 4.06% +0.44% $37M
OR 4.93% 4.48% +0.44% $40M
ORLA 0.43% 0.00% +0.43% $4M
NU 0.43% 0.00% +0.43% $4M
GRAB 0.28% 0.00% +0.28% $2M
FSM 4.78% 4.67% +0.11% $39M
DC 1.48% 1.39% +0.09% $12M
EMX 0.22% 0.15% +0.06% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BTI 4.08% 5.09% -1.01% $34M
OUNZ 1.79% 2.36% -0.56% $15M
SHEL 1.42% 1.90% -0.48% $12M
UL 1.20% 1.63% -0.43% $10M
NVS 1.39% 1.82% -0.43% $11M
CEF 1.09% 1.52% -0.43% $9M
PM 1.00% 1.42% -0.42% $8M
NEM 3.91% 4.33% -0.42% $32M
WPM 3.85% 4.26% -0.41% $32M
ABEV 0.88% 1.23% -0.35% $7M
BP 1.43% 1.77% -0.34% $12M
KGC 2.03% 2.36% -0.32% $17M
BNS 1.27% 1.59% -0.32% $10M
TTE 1.34% 1.62% -0.29% $11M
GSK 1.07% 1.33% -0.26% $9M

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 $47M 5.7%
Large Cap 50 $504M 61.4%
Mid Cap 16 $202M 24.6%
Small Cap 13 $69M 8.4%
Micro Cap 1 $369K 0.0%

Portfolio Analytics

Avg Market Cap
$91.1B
Median Market Cap
$26.6B
Avg P/E
21.8
Median P/E
17.0
Avg Dividend Yield
0.03%
Avg Beta
0.79
# Stocks
69
# ETFs / Funds
21

Top Holdings (90 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AEM 9.01% 464,823 $74M $159.22 $18M -8,286 -1.8%
2 B 7.88% 2,168,499 $65M $29.83 $19M -3,292 -0.1%
3 PAAS 6.01% 1,330,620 $49M $37.06 $12M -763 -0.1%
4 FNV 5.95% 234,129 $49M $208.56 $11M +5,501 +2.4%
5 OR 4.93% 1,020,500 $40M $39.63 $13M -58,590 -5.4%
6 FSM 4.78% 4,425,644 $39M $8.87 $10M +7,682 +0.2%
7 BTG 4.50% 7,544,575 $37M $4.90 $12M +590,840 +8.5%
8 MTA 4.35% 5,693,585 $36M $6.27 $14M +35,680 +0.6%
9 BTI 4.08% 660,483 $34M $50.72 $2M -3,925 -0.6%
10 NEM 3.91% 435,678 $32M $73.73 $5M -23,973 -5.2%
11 RGLD 3.90% 160,751 $32M $199.20 $11M +44,616 +38.4%
12 WPM 3.85% 285,701 $32M $110.56 $5M -7,959 -2.7%
13 EQX 2.36% 1,761,429 $19M $10.99 $11M +388,523 +28.3%
14 IAG 2.32% 1,473,557 $19M $12.91 $10M +228,077 +18.3%
15 NVO 2.13% 278,816 $17M $62.62 $9M +163,386 +141.6%
16 KGC 2.03% 776,378 $17M $21.52 $2M -156,001 -16.7%
17 TFPM.TO 1.87% 528,376 $15M $29.00 +528,376 NEW
18 OUNZ 1.79% 394,537 $15M $37.33 $153K -61,074 -13.4%
19 DC 1.48% 2,677,080 $12M $4.55 $4M +358,168 +15.4%
20 BP 1.43% 364,065 $12M $32.21 $792K -1,172 -0.3%
21 SHEL 1.42% 164,560 $12M $70.76 -$107K -2,310 -1.4%
22 NVS 1.39% 91,767 $11M $124.59 $172K -1,291 -1.4%
23 TTE 1.34% 180,651 $11M $60.70 $928K +17,138 +10.5%
24 BNS 1.27% 175,581 $10M $59.29 $608K -1,643 -0.9%
25 UL 1.20% 164,157 $10M $60.09 -$224K -706 -0.4%
26 CEF 1.09% 298,566 $9M $30.10 -$428K -14,230 -4.5%
27 GSK 1.07% 212,018 $9M $41.24 $548K -1,243 -0.6%
28 PM 1.00% 47,382 $8M $173.50 -$572K -911 -1.9%
29 EQNR 0.97% 319,792 $8M $24.84 $1M +50,870 +18.9%
30 ABEV 0.88% 3,128,370 $7M $2.31 -$380K -28,447 -0.9%
31 TLK 0.81% 378,696 $7M $17.54 $402K +10,738 +2.9%
32 NTR 0.74% 104,172 $6M $58.47 -$48K -1,211 -1.1%
33 IE 0.68% 452,051 $6M $12.38 $1M -29,630 -6.2%
34 IAUX 0.60% 5,227,022 $5M $0.95 $567K -1,930,703 -27.0%
35 PSLV 0.53% 287,659 $4M $15.14 $575K -23,963 -7.7%
36 ORLA 0.43% 334,370 $4M $10.64 +334,370 NEW
37 NU 0.43% 232,910 $4M $15.13 +232,910 NEW
38 FEMB 0.39% 107,041 $3M $29.87 -$75K -4,446 -4.0%
39 BCE 0.37% 134,378 $3M $22.82 $325K +10,727 +8.7%
40 BHP 0.35% 58,329 $3M $48.90 $177K +2,777 +5.0%
41 RIO 0.34% 47,733 $3M $58.66 $100K +1,508 +3.3%
42 SKM 0.32% 122,155 $3M $21.74 -$185K +618 +0.5%
43 GRAB 0.28% 379,745 $2M $6.00 +379,745 NEW
44 BBD 0.24% 584,313 $2M $3.39 $174K +1,465 +0.2%
45 IGOV 0.24% 44,604 $2M $43.36 -$104K -1,939 -4.2%
46 AQN 0.23% 354,653 $2M $5.38 -$121K +5
47 EMX 0.22% 345,841 $2M $5.20 $844K -32,525 -8.6%
48 ITUB 0.16% 179,293 $1M $7.36 $103K +572 +0.3%
49 PHYS 0.15% 47,772 $1M $25.68 $50K -1,292 -2.6%
50 BWX 0.15% 51,798 $1M $23.44 -$76K -2,225 -4.1%
51 INFY 0.13% 65,845 $1M $16.54 -$128K +300 +0.5%
52 HLN 0.11% 90,805 $942K $10.37 -$15K -1,364 -1.5%
53 DEO 0.10% 8,183 $813K $99.35 -$24K -103 -1.2%
54 WRN 0.10% 391,308 $786K $2.01 $415K +98,671 +33.7%
55 VALE 0.09% 72,379 $765K $10.57 $129K +7,194 +11.0%
56 QUAL 0.09% 3,920 $762K $194.39 $110K +351 +9.8%
57 ACWX 0.09% 11,682 $759K $64.97 $111K +1,049 +9.9%
58 GDX 0.09% 12,383 $741K $59.84 $95K -20 -0.2%
59 MELI 0.08% 290 $683K $2,355.17 -$77K +1 +0.3%
60 VWOB 0.08% 10,300 $673K $65.34 $99K +1,515 +17.2%
61 IAU 0.08% 9,061 $659K $72.73 $94K
62 JAAA 0.08% 12,960 $658K $50.77 $101K +1,975 +18.0%
63 TSM 0.08% 2,642 $654K $247.54 $5K -203 -7.1%
64 ASR 0.08% 1,979 $645K $325.92 $213K +636 +47.4%
65 USHY 0.07% 16,210 $608K $37.51 $50K +1,335 +9.0%
66 PSK 0.07% 19,030 $604K $31.74 $97K +3,065 +19.2%
67 GFI 0.07% 13,651 $581K $42.56 $228K -1,000 -6.8%
68 USFR 0.06% 9,635 $484K $50.23 $146K +2,915 +43.4%
69 ENB 0.06% 10,165 $461K $45.35
70 FRA 0.05% 31,965 $420K $13.14 $49K +3,765 +13.3%
71 AGI 0.05% 11,211 $374K $33.36 $79K +122 +1.1%
72 HYIN 0.04% 21,450 $369K $17.20
73 ASML 0.04% 438 $354K $808.22 +438 NEW
74 AG 0.04% 35,355 $320K $9.05 -$21K -5,892 -14.3%
75 IBM 0.03% 891 $262K $294.05
76 SPLG 0.03% 3,304 $259K $78.39 -$108K -1,747 -34.6%
77 GLD 0.03% 715 $247K $345.45 +715 NEW
78 URA 0.03% 6,310 $245K $38.83
79 ET 0.03% 13,210 $239K $18.09
80 IFN 0.03% 14,100 $233K $16.52
81 SAP 0.03% 823 $221K $268.53 -$38K -25 -3.0%
82 OHI 0.03% 5,800 $213K $36.72
83 VOD 0.02% 13,415 $157K $11.70 $7K -476 -3.4%
84 EXK 0.02% 27,520 $136K $4.94
85 CX 0.01% 11,000 $102K $9.27 $28K +628 +6.0%
86 UMC 0.01% 10,016 $80K $7.99 +10,016 NEW
87 WIT 0.01% 26,294 $73K $2.78 -$4K +2,269 +9.4%
88 HKD —% 71,002 $9K $0.13 -$18K -137,889 -66.0%
89 KT —% -$201K -9,339 -100.0% SOLD
90 XOM —% -$224K -2,080 -100.0% SOLD

New Positions

SymbolValue% Port
TFPM.TO $15M 1.87%
ORLA $4M 0.43%
NU $4M 0.43%
GRAB $2M 0.28%
ASML $354K 0.04%
GLD $247K 0.03%
UMC $80K 0.01%

Sold Out Positions

SymbolValue% Port
XOM —%
KT —%
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