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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

Q4 2025 · Filed 2026-01-21
Market Value
$870M
+5.9%
Holdings
96
+6
New Purchases
8
Added To
47
Closed
5
Reduced
28
Top 10 Concentration
54.8%
Turnover
13.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ACN 1.17% 0.00% +1.17% $10M
PAAS 7.08% 6.01% +1.08% $62M
ORLA 1.31% 0.43% +0.88% $11M
MTA 5.00% 4.35% +0.66% $43M
EQX 3.01% 2.36% +0.65% $26M
VALE 0.65% 0.09% +0.56% $6M
DC 1.98% 1.48% +0.50% $17M
ASML 0.35% 0.04% +0.31% $3M
RGLD 4.16% 3.90% +0.26% $36M
PSLV 0.78% 0.53% +0.25% $7M
FMC 0.25% 0.00% +0.25% $2M
SNY 0.24% 0.00% +0.24% $2M
IAG 2.54% 2.32% +0.22% $22M
WRN 0.32% 0.10% +0.22% $3M
NVO 2.34% 2.13% +0.21% $20M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TTE 0.00% 1.34% -1.34% $0
UL 0.00% 1.20% -1.20% $0
OR 4.15% 4.93% -0.78% $36M
NVS 0.63% 1.39% -0.76% $5M
AEM 8.37% 9.01% -0.65% $73M
IAUX 0.00% 0.60% -0.60% $21K
BTG 3.91% 4.50% -0.60% $34M
FNV 5.37% 5.95% -0.58% $47M
NEM 3.39% 3.91% -0.53% $29M
EMX 0.00% 0.22% -0.22% $0
CEF 0.99% 1.09% -0.11% $9M
BTI 4.00% 4.08% -0.08% $35M
SHEL 1.34% 1.42% -0.08% $12M
BP 1.35% 1.43% -0.08% $12M
B 7.80% 7.88% -0.08% $68M

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 9 $32M 3.7%
Large Cap 53 $536M 61.7%
Mid Cap 18 $220M 25.3%
Small Cap 15 $80M 9.2%
Micro Cap 1 $369K 0.0%

Portfolio Analytics

Avg Market Cap
$81.5B
Median Market Cap
$22.8B
Avg P/E
21.6
Median P/E
17.0
Avg Dividend Yield
0.03%
Avg Beta
0.79
# Stocks
74
# ETFs / Funds
22

Top Holdings (96 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AEM 8.37% 455,056 $73M $159.88 -$1M -9,767 -2.1%
2 B 7.80% 1,746,376 $68M $38.84 $3M -422,123 -19.5%
3 PAAS 7.08% 1,287,451 $62M $47.84 $12M -43,169 -3.2%
4 FNV 5.37% 236,967 $47M $196.93 -$2M +2,838 +1.2%
5 MTA 5.00% 5,742,309 $43M $7.58 $8M +48,724 +0.9%
6 FSM 4.97% 4,464,769 $43M $9.68 $4M +39,125 +0.9%
7 RGLD 4.16% 164,360 $36M $220.00 $4M +3,609 +2.2%
8 OR 4.15% 1,028,079 $36M $35.10 -$4M +7,579 +0.7%
9 BTI 4.00% 657,883 $35M $52.82 $1M -2,600 -0.4%
10 BTG 3.91% 7,584,250 $34M $4.48 -$3M +39,675 +0.5%
11 WPM 3.81% 285,947 $33M $115.86 $2M +246 +0.1%
12 NEM 3.39% 365,598 $29M $80.55 -$3M -70,080 -16.1%
13 EQX 3.01% 1,906,970 $26M $13.72 $7M +145,541 +8.3%
14 IAG 2.54% 1,343,139 $22M $16.46 $3M -130,418 -8.8%
15 NVO 2.34% 346,077 $20M $58.80 $3M +67,261 +24.1%
16 KGC 2.07% 762,330 $18M $23.59 $1M -14,048 -1.8%
17 DC 1.98% 3,051,484 $17M $5.65 $5M +374,404 +14.0%
18 TFPM.TO 1.96% 521,059 $17M $32.76 $2M -7,317 -1.4%
19 OUNZ 1.91% 398,070 $17M $41.64 $2M +3,533 +0.9%
20 BP 1.35% 362,175 $12M $32.37 -$6K -1,890 -0.5%
21 SHEL 1.34% 162,776 $12M $71.33 -$35K -1,784 -1.1%
22 ORLA 1.31% 867,495 $11M $13.16 $8M +533,125 +159.4%
23 BNS 1.26% 173,579 $11M $63.24 $567K -2,002 -1.1%
24 ACN 1.17% 35,958 $10M $282.83 +35,958 NEW
25 GSK 1.09% 210,813 $9M $44.76 $693K -1,205 -0.6%
26 CEF 0.99% 285,326 $9M $30.10 -$399K -13,240 -4.4%
27 PM 0.93% 46,939 $8M $172.61 -$119K -443 -0.9%
28 EQNR 0.90% 318,372 $8M $24.53 -$134K -1,420 -0.4%
29 ABEV 0.86% 3,044,462 $7M $2.45 $210K -83,908 -2.7%
30 TLK 0.80% 380,194 $7M $18.22 $285K +1,498 +0.4%
31 PSLV 0.78% 307,137 $7M $22.13 $2M +19,478 +6.8%
32 IE 0.77% 430,443 $7M $15.56 $1M -21,608 -4.8%
33 NTR 0.71% 103,322 $6M $59.88 $96K -850 -0.8%
34 VALE 0.65% 488,718 $6M $11.61 $5M +416,339 +575.2%
35 NVS 0.63% 42,231 $5M $130.05 -$6M -49,536 -54.0%
36 NU 0.42% 233,618 $4M $15.59 $117K +708 +0.3%
37 FEMB 0.41% 117,216 $4M $30.28 $352K +10,175 +9.5%
38 ASML 0.35% 2,948 $3M $1,030.53 $3M +2,510 +573.1%
39 BCE 0.34% 125,946 $3M $23.14 -$151K -8,432 -6.3%
40 BHP 0.33% 58,343 $3M $49.38 $29K +14 +0.0%
41 RIO 0.33% 47,788 $3M $59.35 $36K +55 +0.1%
42 WRN 0.32% 1,035,506 $3M $2.67 $2M +644,198 +164.6%
43 SKM 0.30% 123,816 $3M $20.73 -$89K +1,661 +1.4%
44 FMC 0.25% 157,328 $2M $13.88 +157,328 NEW
45 AQN 0.25% 354,050 $2M $6.14 $267K -603 -0.2%
46 SNY 0.24% 43,688 $2M $48.32 +43,688 NEW
47 IGOV 0.24% 48,868 $2M $42.32 $134K +4,264 +9.6%
48 BBD 0.23% 595,201 $2M $3.34 $7K +10,888 +1.9%
49 GRAB 0.22% 377,745 $2M $5.00 -$389K -2,000 -0.5%
50 ITUB 0.16% 189,827 $1M $7.18 $44K +10,534 +5.9%
51 BWX 0.15% 57,282 $1M $22.90 $98K +5,484 +10.6%
52 PHYS 0.15% 48,180 $1M $26.98 $73K +408 +0.8%
53 INFY 0.14% 66,959 $1M $17.92 $111K +1,114 +1.7%
54 HLN 0.11% 89,640 $930K $10.37 -$12K -1,165 -1.3%
55 IAU 0.10% 10,761 $873K $81.13 $214K +1,700 +18.8%
56 ASR 0.10% 2,627 $852K $324.32 $207K +648 +32.7%
57 ACWX 0.10% 12,338 $828K $67.11 $69K +656 +5.6%
58 GDX 0.09% 13,445 $826K $61.44 $85K +1,062 +8.6%
59 QUAL 0.09% 4,140 $822K $198.55 $60K +220 +5.6%
60 DEO 0.08% 7,381 $710K $96.19 -$103K -802 -9.8%
61 TSM 0.08% 2,722 $700K $257.16 $46K +80 +3.0%
62 VWOB 0.08% 10,300 $673K $65.34
63 USHY 0.07% 16,210 $608K $37.51
64 MELI 0.07% 298 $605K $2,030.20 -$78K +8 +2.8%
65 PSK 0.07% 19,030 $604K $31.74
66 GFI 0.07% 13,667 $604K $44.19 $23K +16 +0.1%
67 AGI 0.06% 14,219 $524K $36.85 $150K +3,008 +26.8%
68 JAAA 0.06% 9,996 $507K $50.72 -$151K -2,964 -22.9%
69 USFR 0.05% 9,208 $463K $50.28 -$21K -427 -4.4%
70 ENB 0.05% 10,165 $461K $45.35
71 FRA 0.05% 31,965 $420K $13.14
72 AG 0.04% 38,660 $379K $9.80 $59K +3,305 +9.3%
73 HYIN 0.04% 21,450 $369K $17.20
74 SPLG 0.04% 4,331 $347K $80.12 $88K +1,027 +31.1%
75 IBM 0.03% 921 $271K $294.25 $9K +30 +3.4%
76 URA 0.03% 6,405 $249K $38.88 $4K +95 +1.5%
77 GLD 0.03% 656 $247K $376.52 -59 -8.2%
78 ET 0.03% 13,210 $239K $18.09
79 MICC 0.03% 14,914 $237K $15.89 +14,914 NEW
80 SAP 0.02% 870 $213K $244.83 -$8K +47 +5.7%
81 OHI 0.02% 5,800 $213K $36.72
82 BVN 0.02% 7,284 $207K $28.42 +7,284 NEW
83 GDXJ 0.02% 3,035 $205K $67.55 +3,035 NEW
84 VOD 0.02% 14,633 $194K $13.26 $37K +1,218 +9.1%
85 EXK 0.02% 32,520 $160K $4.92 $24K +5,000 +18.2%
86 CX 0.02% 12,707 $150K $11.80 $48K +1,707 +15.5%
87 VIV 0.02% 10,534 $131K $12.44 +10,534 NEW
88 UMC 0.01% 14,716 $120K $8.15 $40K +4,700 +46.9%
89 WIT 0.01% 33,087 $98K $2.96 $25K +6,793 +25.8%
90 IDR 0.01% 813,450,000 $49K +813,450,000 NEW
91 IAUX —% 66,672 $21K $0.31 -$5M -5,160,350 -98.7%
92 TTE —% -$11M -180,651 -100.0% SOLD
93 HKD —% -$9K -71,002 -100.0% SOLD
94 UL —% -$10M -164,157 -100.0% SOLD
95 EMX —% -$2M -345,841 -100.0% SOLD
96 IFN —% -$233K -14,100 -100.0% SOLD

New Positions

SymbolValue% Port
ACN $10M 1.17%
FMC $2M 0.25%
SNY $2M 0.24%
MICC $237K 0.03%
BVN $207K 0.02%
GDXJ $205K 0.02%
VIV $131K 0.02%
IDR $49K 0.01%

Sold Out Positions

SymbolValue% Port
IFN —%
UL —%
HKD —%
TTE —%
EMX —%
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