SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Euro Pacific Asset Management, LLC

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

Reported Value
$302M
Q1 2020
Positions
42
Filings on Record
30
2019–present window
Filed
May 7, 2020
original filing

Summary

Euro Pacific Asset Management, LLC reported $302M in U.S.-listed holdings across 42 positions for Q1 2020.

Its largest position, NEM, represents 13.3% of the portfolio.

Compared with Q4 2019, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+13.6%
vs prior filed quarter
Top-10 Concentration
+53.9%
share of reported value
Largest Position
+13.3%
Newmont
New / Exited
5 / 4
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: $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: 71.7%ADR: 22.2%Other: 3.0%NY Reg Shrs: 2.7%ETP: 0.5%
  • Common Stock · 71.7% · $216M
  • ADR · 22.2% · $67M
  • Other · 3.0% · $9M
  • NY Reg Shrs · 2.7% · $8M
  • ETP · 0.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTAMETALLA ROYALTY & STREAMINGNEW+1.57M1.57M+$9M$9M
TTENTOTAL SA-SPON ADRNEW+177.1K177.1K+$7M$7M
EQXEQUINOX GOLD CORPNEW+442.9K442.9K+$4M$4M
GUERRERO VENTURES INCNEW+2.20M2.20M+$696,000$696,000
SPROTT PHYSICAL SILVER TRUSTNEW+13.8K13.8K+$78,000$78,000
GDXJVANECK VECTORS JR GOLD MINERS TFADDED+29.2K34.2K+$1M$1M
TOTAL SA SPON ADSSOLD OUT−118.0K0−$7M$0
ALCALCON INCSOLD OUT−17.8K0−$1M$0

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

Holdings — Q1 2020

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEMNEWMONT CORPhistory →A13.32%$40M651.6K
2ABXBARRICK GOLD CORPORATIONhistory →A10.66%$32M1.22M
3BTIBRITISH AMERN TOB PLChistory →SPONSORED ADR5.07%$15M384.6K
4YRIYAMANA GOLD INChistory →A4.72%$14M3.03M
5PMPHILIP MORRIS INTL INC COMhistory →A4.02%$12M157.1K
6FNVFRANCO-NEVADA CORPhistory →A3.72%$11M83.8K
7KGCKINROSS GOLD CORPhistory →A3.26%$10M1.44M
8BTGB2GOLD CORPhistory →A3.14%$9M1.83M
9FORTUNA SILVER MINES INCA3.09%$9M3.06M
10AEMAGNICO EAGLE MINES LTDhistory →A2.91%$9M148.9K
11MTAMETALLA ROYALTY & STREAMINGhistory →A2.84%$9M1.57M
12NVONOVO-NORDISK A Shistory →SPONSORED ADR2.77%$8M132.3K
13GLAXOSMITHKLINE PLCSPONSORED ADR2.74%$8M197.3K
14UNILEVER N VN Y SHS2.71%$8M165.3K
15GFIGOLD FIELDS LTD NEWhistory →SPONSORED ADR2.56%$8M991.2K
16RGLDROYAL GOLD INChistory →A2.47%$7M58.1K
17BCEBCE INChistory →A2.43%$7M177.9K
18NVSNOVARTIS A Ghistory →SPONSORED ADR2.39%$7M83.4K
19ROYAL DUTCH SHELL PLCA2.26%$7M181.9K
20TTENTOTAL SA-SPON ADRhistory →SPONSORED ADS2.17%$7M177.1K
21ABEVAMBEV SA-ADRhistory →SPONSORED ADR2.15%$7M2.94M
22OREUROSISKO GOLD ROYALTIES LTDhistory →A2.12%$6M678.7K
23PRETIUM RES INCA2.04%$6M763.8K
24PAASPAN AMERN SILVER CORPhistory →A1.95%$6M267.4K
25EQNREQUINOR ASA-SPON ADRhistory →SPONSORED ADR1.63%$5M359.3K
26WPMWHEATON PRECIOUS METALS CORPhistory →A1.56%$5M118.9K
27SANDSTORM GOLD LTDA1.42%$4M523.8K
28VGZVISTA GOLD CORPhistory →A1.34%$4M5.28M
29NTRNUTRIEN LTDhistory →A1.33%$4M109.3K
30EQXEQUINOX GOLD CORPhistory →A1.26%$4M442.9K
31BIDUBAIDU INC - SPON ADRSPON ADR REP A0.84%$3M25.4K
32EMXEMX ROYALTY CORPA0.80%$2M1.42M
33AAUAFALMADEN MINERALS LTD - BCOM CL B0.79%$2M5.07M
34GDXJVANECK VECTORS JR GOLD MINERS TFA0.47%$1M34.2K
35BVNCIA DE MINAS BUENAVENTUR-ADRSPONSORED ADR0.31%$930,000125.2K
36GUERRERO VENTURES INCA0.23%$696,0002.20M
37SPROTT PHYSICAL GOLD AND SILA0.23%$691,00044.4K
38AGFIRST MAJESTIC SILVER CORPA0.10%$288,00034.2K
39SASEABRIDGE GOLD INCA0.06%$171,00012.2K
40AGIALAMOS GOLD INCA0.05%$149,00018.4K
41EXKENDEAVOUR SILVER CORPA0.03%$81,00049.5K
42SPROTT PHYSICAL SILVER TRUSTA0.03%$78,00013.8K

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 ↗.