# Euro Pacific Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1796651. Source: https://holderbook.com/funds/1796651-euro-pacific-asset-management-llc/

- Reported value: $879.5M
- Positions: 96
- Weight of the ten largest: 49.3%
- Filed: 2026-08-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $59.0M | 445,665 | 6.7% | 27 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $56.6M | 1,499,768 | 6.4% | 5 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $53.7M | 249,158 | 6.1% | 27 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $47.7M | 1,237,376 | 5.4% | 27 |
| METALLA RTY & STREAMING LTD | [MTA](https://holderbook.com/stocks/MTA/) | $42.9M | 5,842,386 | 4.9% | 26 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $39.7M | 649,046 | 4.5% | 27 |
| FORTUNA MNG CORP | [FSM](https://holderbook.com/stocks/FSM/) | $38.4M | 4,496,366 | 4.4% | 9 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $32.5M | 165,540 | 3.7% | 27 |
| OR ROYALTIES INC. | [OR](https://holderbook.com/stocks/OR/) | $31.6M | 1,029,143 | 3.6% | 5 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $31.2M | 294,401 | 3.5% | 27 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $30.8M | 8,148,760 | 3.5% | 27 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $24.8M | 2,504,533 | 2.8% | 26 |
| TRIPLE FLAG PRECIOUS METAL | [TFPM](https://holderbook.com/stocks/TFPM/) | $24.1M | 516,687 | 2.7% | 4 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $22.9M | 273,286 | 2.6% | 5 |
| IAMGOLD CORP | [IAG](https://holderbook.com/stocks/IAG/) | $20.7M | 1,276,626 | 2.4% | 23 |
| ELEMENTAL RTY CORP | [ELE](https://holderbook.com/stocks/ELE/) | $19.4M | 1,096,976 | 2.2% | 3 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $18.2M | 594,135 | 2.1% | 27 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $16.0M | 298,622 | 1.8% | 27 |
| DAKOTA GOLD CORP | [DC](https://holderbook.com/stocks/DC/) | $15.5M | 3,539,571 | 1.8% | 15 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $14.8M | 359,263 | 1.7% | 24 |
| VANECK MERK GOLD ETF | [OUNZ](https://holderbook.com/stocks/OUNZ/) | $14.6M | 376,497 | 1.7% | 25 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $13.9M | 169,506 | 1.6% | 25 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $13.2M | 255,698 | 1.5% | 27 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $12.0M | 762,026 | 1.4% | 27 |
| WESTERN COPPER & GOLD CORP | [WRN](https://holderbook.com/stocks/WRN/) | $11.9M | 2,567,670 | 1.4% | 8 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $11.6M | 5,800 | 1.3% | 8 |
| EQUINOR ASA | [EQNR](https://holderbook.com/stocks/EQNR/) | $11.2M | 310,826 | 1.3% | 27 |
| ORLA MNG LTD NEW | [ORLA](https://holderbook.com/stocks/ORLA/) | $8.9M | 977,099 | 1.0% | 4 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $7.7M | 2,300,241 | 0.9% | 27 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $7.5M | 105,716 | 0.9% | 3 |
| SK TELECOM CO LTD | [SKM](https://holderbook.com/stocks/SKM/) | $7.0M | 223,223 | 0.8% | 19 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $6.6M | 206,634 | 0.7% | 16 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $6.4M | 108,521 | 0.7% | 2 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $6.3M | 175,795 | 0.7% | 2 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $5.9M | 499,617 | 0.7% | 18 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $5.7M | 2,725 | 0.7% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $5.5M | 921 | 0.6% | 6 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $5.1M | 60,907 | 0.6% | 5 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $4.9M | 41,457 | 0.6% | 27 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $4.8M | 284,621 | 0.5% | 26 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $4.6M | 207,076 | 0.5% | 27 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $4.3M | 159,744 | 0.5% | 17 |
| ALGONQUIN POWER & UTILITIES | [AQN](https://holderbook.com/stocks/AQN/) | $4.2M | 703,450 | 0.5% | 14 |
| IVANHOE ELECTRIC INC | [IE](https://holderbook.com/stocks/IE/) | $4.0M | 418,938 | 0.5% | 10 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $3.9M | 1,101,780 | 0.4% | 23 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $3.8M | 45,877 | 0.4% | 27 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $3.5M | 424,486 | 0.4% | 18 |
| FIRST TR EXCH TRADED FD III | [FEMB](https://holderbook.com/stocks/FEMB/) | $3.2M | 109,054 | 0.4% | 20 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $3.1M | 102,302 | 0.4% | 27 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $2.8M | 653,429 | 0.3% | 4 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $2.5M | 231,126 | 0.3% | 4 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $2.5M | 65,892 | 0.3% | 3 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $2.4M | 66,105 | 0.3% | 27 |
| ISHARES TR | [IGOV](https://holderbook.com/stocks/IGOV/) | $1.9M | 45,658 | 0.2% | 20 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $1.8M | 159,184 | 0.2% | 3 |
| TELEKOMUNIKASI IND | [TLK](https://holderbook.com/stocks/TLK/) | $1.6M | 380,208 | 0.2% | 6 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $1.5M | 30,471 | 0.2% | 9 |
| HALEON PLC | [HLN](https://holderbook.com/stocks/HLN/) | $1.3M | 86,513 | 0.2% | 15 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $1.3M | 5,615 | 0.1% | 2 |
| SPDR SERIES TRUST | [BWX](https://holderbook.com/stocks/BWX/) | $1.2M | 54,586 | 0.1% | 20 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $1.1M | 9,996 | 0.1% | 8 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $903.0K | 68,229 | 0.1% | 13 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $825.0K | 2,873 | 0.1% | 13 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $636.0K | 11,965 | 0.1% | 10 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $622.0K | 46,655 | 0.1% | 12 |
| FIRST MAJESTIC SILVER CORP | [AG](https://holderbook.com/stocks/AG/) | $620.0K | 58,333 | 0.1% | 27 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $608.0K | 7,195 | 0.1% | 25 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $590.0K | 1,310 | 0.1% | 4 |
| COMPANIA DE MINAS BUENAVENTU | [BVN](https://holderbook.com/stocks/BVN/) | $546.0K | 14,987 | 0.1% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $515.0K | 302 | 0.1% | 14 |
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $500.0K | 17,814 | 0.1% | 4 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $415.0K | 47,146 | 0.0% | 10 |
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $393.0K | 19,145 | 0.0% | 2 |
| GRUPO AEROPORTUARIO DEL SURE | [ASR](https://holderbook.com/stocks/ASR/) | $390.0K | 3,005 | 0.0% | 5 |
| BLACKROCK FLOATING RATE INCO | [FRA](https://holderbook.com/stocks/FRA/) | $358.0K | 31,965 | 0.0% | 6 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $337.0K | 11,655 | 0.0% | 14 |
| AVINO SILVER & GOLD MINES LT | [ASM](https://holderbook.com/stocks/ASM/) | $311.0K | 10,000 | 0.0% | 2 |
| ENDEAVOUR SILVER CORP | [EXK](https://holderbook.com/stocks/EXK/) | $296.0K | 32,520 | 0.0% | 19 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $287.0K | 9,461 | 0.0% | 27 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $279.0K | 13,865 | 0.0% | 9 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $255.0K | 3,373 | 0.0% | 6 |
| MAYFAIR GOLD CORP | [MINE](https://holderbook.com/stocks/MINE/) | $230.0K | 93,600 | 0.0% | 2 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $212.0K | 8,698 | 0.0% | 2 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $207.0K | 15,545 | 0.0% | 24 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $167.0K | 13,436 | 0.0% | 12 |
| SPDR SERIES TRUST | [PSK](https://holderbook.com/stocks/PSK/) | $154.0K | 19,030 | 0.0% | 8 |
| TELEFONICA BRASIL SA | [VIV](https://holderbook.com/stocks/VIV/) | $144.0K | 10,539 | 0.0% | 3 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $142.0K | 45,868 | 0.0% | 3 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $133.0K | 4,876 | 0.0% | 2 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $102.0K | 10,300 | 0.0% | 8 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $99.0K | 6,780 | 0.0% | 5 |
| WIPRO LTD | [WIT](https://holderbook.com/stocks/WIT/) | $91.0K | 38,895 | 0.0% | 13 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $68.0K | 16,210 | 0.0% | 8 |
| I-80 GOLD CORP | [IAUX](https://holderbook.com/stocks/IAUX/) | $22.0K | 66,672 | 0.0% | 16 |
| VIZSLA SILVER CORP | [VZLA](https://holderbook.com/stocks/VZLA/) | $22.0K | 23,885 | 0.0% | 2 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $18.0K | 3,035 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| 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% |
| Q3 2024 | +10.7% | +5.4% | +5.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $879.5M | 96 |
| Q1 2026 | $1.0B | 96 |
| Q4 2025 | $900.9M | 93 |
| Q3 2025 | $828.7M | 89 |
| Q2 2025 | $1.1B | 84 |
| Q1 2025 | $551.1M | 79 |
| Q4 2024 | $463.9M | 71 |
| Q3 2024 | $542.5M | 75 |
| Q2 2024 | $504.8M | 68 |
| Q1 2024 | $491.4M | 72 |
| Q4 2023 | $468.1M | 67 |
| Q3 2023 | $427.1M | 67 |