SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Euro Pacific Asset Management, LLC

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

Reported Value
$277M
Q4 2019
Positions
41
Filings on Record
30
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Euro Pacific Asset Management, LLC reported $277M in U.S.-listed holdings across 41 positions for Q4 2019.

Its largest position, NEM, represents 10.5% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+54.4%
share of reported value
Largest Position
+10.5%
Newmont Goldcorp

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: $302MQ3 ’20: $395MQ4 ’20: $412MQ1 ’21: $389MQ1 ’21Q2 ’21: $410MQ3 ’21: $383MQ4 ’21: $444MQ1 ’22: $510MQ1 ’22Q2 ’22: $422MQ3 ’22: $381MQ4 ’22: $446MQ1 ’23: $466MQ1 ’23Q2 ’23: $458MQ3 ’23: $427MQ4 ’23: $468MQ1 ’24: $491MQ1 ’24Q2 ’24: $505MQ3 ’24: $543MQ4 ’24: $464MQ1 ’25: $551MQ1 ’25Q2 ’25: $1.1BQ3 ’25: $829MQ4 ’25: $901MQ1 ’26: $1.0BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 60.5%ADR: 27.2%Other: 8.6%NY Reg Shrs: 3.7%ETP: 0.1%
  • Common Stock · 60.5% · $167M
  • ADR · 27.2% · $75M
  • Other · 8.6% · $24M
  • NY Reg Shrs · 3.7% · $10M
  • ETP · 0.1% · $211,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
NEMNEWMONT GOLDCORP CORPNEW+666.4K666.4K+$29M$29M
ABXBARRICK GOLD CORPNEW+1.21M1.21M+$23M$23M
GLAXOSMITHKLINE PLCNEW+348.2K348.2K+$16M$16M
BTIBRITISH AMERICAN TOBACCO PLCNEW+377.4K377.4K+$16M$16M
PMPHILIP MORRIS INTLNEW+155.0K155.0K+$13M$13M
NVSNOVARTIS A GNEW+127.6K127.6K+$12M$12M
YRIYAMANA GOLD INCNEW+2.93M2.93M+$12M$12M
ABEVAMBEV SANEW+2.24M2.24M+$10M$10M

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

Holdings — Q4 2019

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEMNEWMONT GOLDCORP CORPhistory →COM10.46%$29M666.4K
2ABXBARRICK GOLD CORPhistory →COM8.15%$23M1.21M
3GLAXOSMITHKLINE PLCSPON ADR5.91%$16M348.2K
4BTIBRITISH AMERICAN TOBACCO PLChistory →ADR5.79%$16M377.4K
5PMPHILIP MORRIS INTLhistory →COM4.77%$13M155.0K
6NVSNOVARTIS A Ghistory →SPON ADR4.37%$12M127.6K
7YRIYAMANA GOLD INChistory →COM4.18%$12M2.93M
8ABEVAMBEV SAhistory →SPON ADR3.77%$10M2.24M
9UNILEVER N V NYSHS NEW3.68%$10M177.2K
10NVONOVO NORDISKhistory →SPON ADR3.32%$9M159.3K
11ROYAL DUTCH SHELLADR CL A3.16%$9M148.1K
12BCEBCE INChistory →COM NEW3.13%$9M186.6K
13FNVFRANCO NEVADA CORPhistory →COM3.04%$8M81.4K
14KGCKINROSS GOLD CORPhistory →COM2.81%$8M1.64M
15EQNREQUINOR ASAhistory →SPON ADR2.64%$7M367.1K
16FORTUNA SILVER MINES INCCOM2.64%$7M1.79M
17RGLDROYAL GOLD INChistory →COM2.53%$7M57.1K
18BTGB2GOLD CORPhistory →COM2.46%$7M1.69M
19TOTAL SA SPON ADSSPON ADS ORD2.36%$7M118.0K
20GFIGOLD FIELDS LTDhistory →SPON ADR2.34%$6M981.0K
21AEMAGNICO EAGLE MINES LTDhistory →COM2.34%$6M104.9K
22PRETIUM RESOURCESCOM2.31%$6M573.2K
23OREUROSISKO GOLD ROYALTIES LTDhistory →COM2.10%$6M596.7K
24NTRNUTRIEN LTDhistory →COM1.87%$5M108.2K
25PAASPAN AMERICAN SILVER CORPhistory →COM1.70%$5M197.5K
26VGZVISTA GOLD CORPhistory →COM NEW1.35%$4M5.13M
27BIDUBAIDU INChistory →SPON ADR REP1.12%$3M24.5K
28WPMWHEATON PRECIOUS METALS CORPhistory →COM1.08%$3M99.8K
29AAUAFALMADEN MINERALS LTDhistory →COM CL B1.07%$3M5.18M
30SANDSTORM GOLD LTDCOM NEW0.83%$2M307.4K
31EMXEMX ROYALTY CORPORATIONCOM0.68%$2M1.15M
32BVNCOMPANIA DE MINAS BUENAVENTURA S ASPON ADR0.65%$2M118.1K
33ALCALCON INCORD SHS0.36%$1M17.8K
34ARCO PLATFORM LTDCOM CL A0.32%$875,00019.8K
35SPROTT PHYSICAL GOLD AND SILVER TR TRUSTTRUST UNIT0.18%$506,00034.5K
36SPROTT PHYSICAL GOLD TRUSTTRUST UNIT0.17%$461,00037.9K
37AGFIRST MAJESTIC SILVER CORPCOM0.13%$363,00029.6K
38GDXJVANECK VECTORS ETF TRUST JR GOLD MINERS EETF0.08%$211,0005.0K
39EXKENDEAVOUR SILVER CORPCOM0.06%$171,00070.8K
40SASEABRIDGE GOLDCOM0.05%$139,00010.0K
41AGIALAMOS GOLD INCCOM CL A0.04%$117,00019.4K

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 2020Under review47Nov 13, 2020RESTATEMENTchanges · 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 ↗.