SEC 13F Intelligence

Managers / Q1 2026

Euro Pacific Asset Management, LLC

CIK 0001796651 · LOTS 81-82, STREET C, STE. 206, DORADO, PR, 00646 · 949-878-8057

Reported Value
$1.0B
Q1 2026
Positions
96
Filings on Record
30
2019–present window
Filed
May 6, 2026
original filing

Summary

Euro Pacific Asset Management, LLC reported $1.0B in U.S.-listed holdings across 96 positions for Q1 2026.

Its largest position, AEM, represents 8.3% of the portfolio.

Compared with Q4 2025, the fund opened 9 new positions and exited 6.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+49.7%
share of reported value
Largest Position
+8.3%
Agnico Eagle Mines
New / Exited
9 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $277MQ4 ’19Q1 ’20: $302MQ2 ’20: $358MQ3 ’20: $395MQ4 ’20: $412MQ4 ’20Q1 ’21: $389MQ2 ’21: $410MQ3 ’21: $383MQ4 ’21: $444MQ4 ’21Q1 ’22: $510MQ2 ’22: $422MQ3 ’22: $381MQ4 ’22: $446MQ4 ’22Q1 ’23: $466MQ2 ’23: $458MQ3 ’23: $427MQ4 ’23: $468MQ4 ’23Q1 ’24: $491MQ2 ’24: $505MQ3 ’24: $543MQ4 ’24: $464MQ4 ’24Q1 ’25: $551MQ2 ’25: $1.1BQ3 ’25: $829MQ4 ’25: $901MQ4 ’25Q1 ’26: $1.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 80.2%ADR: 16.5%ETP: 3.2%Closed-End Fund: 0.0%MLP: 0.0%REIT: 0.0%
  • Common Stock · 80.2% · $809M
  • ADR · 16.5% · $167M
  • ETP · 3.2% · $32M
  • Closed-End Fund · 0.0% · $420,000
  • MLP · 0.0% · $260,000
  • REIT · 0.0% · $213,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TTETOTALENERGIES SENEW+177.9K177.9K+$13M$13M
KSPIJSC KASPI.KZ ADRNEW+31.7K31.7K+$2M$2M
SLVISHARES SILVER TRUSTNEW+5.1K5.1K+$471,000$471,000
MINEMAYFAIR GOLD CORPNEW+136.5K136.5K+$422,000$422,000
CDECOEUR MINING INCNEW+19.1K19.1K+$317,000$317,000
HLHECLA MINING CONEW+8.7K8.7K+$213,000$213,000
DOWDOW INCNEW+4.9K4.9K+$203,000$203,000
VZLAVIZSLA SILVER CORPNEW+23.9K23.9K+$72,000$72,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

96 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAGNICO EAGLE MINES LTDhistory →COM8.33%$84M447.5K
2PAASPAN AMERICAN SILVER CORPhistory →COM6.23%$63M1.25M
3BBARRICK MINING CORPhistory →COM6.08%$61M1.67M
4FNVFRANCO-NEVADA CORPhistory →COM5.67%$57M249.8K
5FSMFORTUNA MINING CORPhistory →COM NEW4.35%$44M4.49M
6RGLDROYAL GOLD INChistory →COM4.16%$42M165.3K
7OROR ROYALTIES INChistory →COM SHS3.83%$39M1.03M
8WPMWHEATON PRECIOUS METALS CORPhistory →COM3.76%$38M294.4K
9MTAMETALLA ROYALTY & STREAMINGhistory →COM NEW3.67%$37M5.75M
10BTGB2GOLD CORPhistory →COM3.64%$37M8.14M
11BTIBRITISH AMERICAN TOB-SP ADRhistory →SPONSORED ADR3.49%$35M653.4K
12EQXEQUINOX GOLD CORPhistory →COM3.23%$33M2.29M
13NEMNEWMONT CORPhistory →COM2.95%$30M348.5K
14AUANGLOGOLD ASHANTI PLChistory →COM SHS2.66%$27M272.7K
15IAGIAMGOLD CORPhistory →COM2.37%$24M1.27M
16NVONOVO-NORDISK A/S-SPONS ADRhistory →ADR2.22%$22M467.5K
17KGCKINROSS GOLD CORPhistory →COM1.96%$20M780.3K
18ELEELEMENTAL ROYALTY CORPhistory →COM NEW1.82%$18M962.9K
19DCDAKOTA GOLD CORPhistory →COM1.79%$18M3.53M
20TFPMTRIPLE FLAG PRECIOUS METhistory →COM1.76%$18M520.1K
21OUNZVANECK MERK GOLD ETFhistory →GOLD TRUST1.73%$17M386.6K
22ACNACCENTURE PLC-CL Ahistory →SHS CL A1.56%$16M66.3K
23BPBP PLC-SPONS ADRhistory →SPONSORED ADR1.39%$14M362.2K
24ORLAORLA MINING LTDhistory →COM1.37%$14M872.8K
25TTETOTALENERGIES SEhistory →ACT1.29%$13M177.9K
26SHELSHELL PLC-ADRhistory →SPON ADS1.24%$12M161.7K
27BNSBANK OF NOVA SCOTIAhistory →COM1.04%$11M171.7K
28EQNREQUINOR ASA-SPON ADRhistory →SPONSORED ADR1.02%$10M320.1K
29GSKGSK PLC-SPON ADRhistory →SPONSORED ADR1.00%$10M208.3K
30SPROTT PHYSICAL GOLD AND SILTR UNIT0.82%$8M274.0K
31PMPHILIP MORRIS INTERNATIONALCOM0.80%$8M46.3K
32NTRNUTRIEN LTDCOM0.68%$7M103.3K
33TLKTELKOM INDONESIA PERSERO-ADRSPONSORED ADR0.66%$7M380.8K
34VALEVALE SA-SP ADRSPONSORED ADS0.65%$7M498.7K
35SPROTT PHYSICAL SILVER TRUSTTR UNIT0.65%$7M285.6K
36SKMSK TELECOM CO LTD-SPON ADRSPONSORED ADR0.65%$7M223.6K
37ABEVAMBEV SA-ADRSPONSORED ADR0.61%$6M2.33M
38WRNWESTERN COPPER AND GOLD CORPCOM0.59%$6M2.42M
39NVSNOVARTIS AG-SPONSORED ADRSPONSORED ADR0.57%$6M41.6K
40IEIVANHOE ELECTRIC INC / USCOM0.53%$5M440.1K
41BCEBCE INCCOM NEW0.50%$5M207.6K
42AQNALGONQUIN POWER & UTILITIESCOM0.43%$4M703.5K
43ULUNILEVER PLC-SPONSORED ADRSPON ADR NEW0.40%$4M66.6K
44BBDBANCO BRADESCO-ADRSP ADR PFD NEW0.38%$4M1.06M
45ASMLASML HOLDING NV-NY REG SHSN Y REGISTRY SHS0.36%$4M3.0K
46ITUBITAU UNIBANCO H-SPON PRF ADRSPON ADR REP PFD0.35%$4M424.9K
47FEMBFIRST TRUST EMERGING MARKETSEME MRK BD ETF0.33%$3M114.2K
48NUNU HOLDINGS LTD/CAYMAN ISL-AORD SHS CL A0.33%$3M233.6K
49GFIGOLD FIELDS LTD-SPONS ADRSPONSORED ADR0.31%$3M64.5K
50RIORIO TINTO PLC-SPON ADRSPONSORED ADR0.30%$3M49.2K
51BHPBHP GROUP LTD-SPON ADRSPONSORED ADS0.29%$3M58.8K
52FMCFMC CORPCOM NEW0.27%$3M158.9K
53GRABGRAB HOLDINGS LTD - CL ACLASS A ORD0.24%$2M653.4K
54KSPIJSC KASPI.KZ ADRSPONSORED ADS0.23%$2M31.7K
55USFRWISDOMTREE FLOATING RATE TREFLOATING RAT TREA0.23%$2M46.3K
56SNYSANOFI-ADRSPONSORED ADR0.22%$2M45.7K
57IGOVISHARES INTERNATIONAL TREASUINTL TREA BD ETF0.20%$2M47.7K
58SPROTT PHYSICAL GOLD TRUSTUNIT0.13%$1M46.4K
59BWXSTATE STREET SPDR BLOOMBERGBLOOMBERG INTL T0.12%$1M55.9K
60INFYINFOSYS LTD-SP ADRSPONSORED ADR0.09%$950,00067.6K
61ASRGRUPO AEROPORTUARIO SUR-ADRSPON ADR SER B0.09%$947,0002.9K
62HLNHALEON PLC-ADRSPON ADS0.09%$912,00087.9K
63GDXVANECK GOLD MINERS ETFGOLD MINERS ETF0.09%$903,00014.5K
64TSMTAIWAN SEMICONDUCTOR-SP ADRSPONSORED ADS0.07%$751,0002.8K
65GLDSPDR GOLD SHARESGOLD SHS0.07%$698,0001.4K
66DEODIAGEO PLC-SPONSORED ADRSPON ADR NEW0.07%$698,0007.5K
67BVNCIA DE MINAS BUENAVENTUR-ADRSPONSORED ADR0.07%$683,00015.5K
68IAUISHARES GOLD TRUSTISHARES NEW0.07%$683,0007.8K
69VWOBVANGUARD EMERG MKTS GOV BNDEM MK GOV BD ETF0.07%$673,00010.3K
70USHYISHARES BROAD USD HIGH YIELDBROAD USD HIGH0.06%$608,00016.2K
71PSKSS SPDR ICE PREF SEC ETFICE PFD SEC ETF0.06%$604,00019.0K
72ENBENBRIDGE INCCOM0.05%$526,00011.6K
73MELIMERCADOLIBRE INCCOM0.05%$519,000299
74JAAAJANUS HENDERSON AAA CLO ETFHENDRSON AAA CL0.05%$507,00010.0K
75SLVISHARES SILVER TRUSTISHARES0.05%$471,0005.1K
76MINEMAYFAIR GOLD CORPCOM NEW0.04%$422,000136.5K
77AGIALAMOS GOLD INC-CLASS ACOM CL A0.04%$421,0009.5K
78XFRAXBLACKROCK FLTNG RT INC STRATCOM0.04%$420,00032.0K
79CDECOEUR MINING INCCOM NEW0.03%$317,00019.1K
80AGFIRST MAJESTIC SILVER CORPCOM0.03%$316,00034.2K
81IBMINTL BUSINESS MACHINES CORPCOM0.03%$293,0001.0K
82ETENERGY TRANSFER LPCOM UT LTD PTN0.03%$260,00014.4K
83URAGLOBAL X URANIUM ETFGLOBAL X URANIUM0.02%$245,0006.3K
84VODVODAFONE GROUP PLC-SP ADRSPONSORED ADR0.02%$239,00015.9K
85OHIOMEGA HEALTHCARE INVESTORSCOM0.02%$213,0005.8K
86HLHECLA MINING COCOM0.02%$213,0008.7K
87GDXJVANECK JUNIOR GOLD MINERSJUNIOR GOLD MINE0.02%$205,0003.0K
88DOWDOW INCCOM0.02%$203,0004.9K
89UMCUNITED MICROELECTRON-SP ADRSPON ADR NEW0.02%$171,00018.6K
90VIVTELEFONICA BRASIL-ADRNEW ADR0.02%$169,00010.3K
91EXKENDEAVOUR SILVER CORPCOM0.02%$160,00032.5K
92CXCEMEX SAB-SPONS ADR PART CERSPON ADR NEW0.02%$154,00013.1K
93WITWIPRO LTD-ADRSPON ADR 1 SH0.01%$78,00035.6K
94VZLAVIZSLA SILVER CORPCOM NEW0.01%$72,00023.9K
95ASMAVINO SILVER & GOLD MINESCOM0.00%$36,00010.0K
96IAUXI-80 GOLD CORPCOM0.00%$22,00066.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.0B96May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$901M93Jan 21, 2026RESTATEMENTchanges · EDGAR ↗
Q3 2025$829M89Oct 14, 202513F-HRchanges · EDGAR ↗
Q2 2025REVEALED$1.1B163Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$551M79May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$464M71Jan 21, 202513F-HRchanges · EDGAR ↗
Q3 2024$543M75Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$505M68Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$491M72May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$468M68Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$427M68Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$458M66Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$466M66May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$446M71Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$381M60Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$422M64Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$510M62May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$444M62Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$383M56Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$410M48Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$389M51May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$412M54Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$395M53Nov 18, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$358M47Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$302M42May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$277M41Feb 14, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.