Q3 2025 Holdings
Filed 2025-11-14 | 11 holdings | $324.9M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Americas Gold and Silver(USAS) | COM | 03062D803 | $95.5M | 25,679,000 | 29.4% |
| Orla Mining LTD(ORLA) | COM | 68634K106 | $67.0M | 6,200,000 | 20.6% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $54.9M | 4,900,000 | 16.9% |
| Alamos Gold Inc(AGI) | COM | 011532108 | $26.1M | 750,000 | 8.0% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $23.6M | 140,000 | 7.3% |
| Metalla Royalty(MTA) | COM | 59124U605 | $19.1M | 3,000,000 | 5.9% |
| Integra Resource(ITRG) | COM | 45826T509 | $11.8M | 3,999,999 | 3.6% |
| Gold Fields LTD(EDG) | COM | 38059T106 | $10.5M | 250,000 | 3.2% |
| B2gold Corp(BTG) | COM | 11777Q209 | $9.9M | 2,000,000 | 3.0% |
| New Found Gold Corp(NFGC) | COM | 64440N103 | $5.6M | 2,350,000 | 1.7% |
| Vaneck Merk Gold ETF(OUNZ) | Gold Trust | 921078101 | $989.4K | 26,604 | 0.3% |