Managers / Q4 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
$412M
Q4 2020
Positions
54
Filings on Record
30
2019–present window
Filed
Feb 11, 2021
original filing
Summary
Euro Pacific Asset Management, LLC reported $412M in U.S.-listed holdings across 54 positions for Q4 2020.
Its largest position, NEM, represents 9.2% of the portfolio.
Compared with Q3 2020, the fund opened 7 new positions and exited 6.
Portfolio Metrics
Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+47.3%
share of reported value
Largest Position
+9.2%
Newmont
New / Exited
7 / 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
Portfolio Composition
By security type
- Common Stock · 70.4% · $290M
- ADR · 23.9% · $98M
- Other · 5.2% · $21M
- ETP · 0.5% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| UNILEVER PLC | NEW | +150.0K | 150.0K | +$9M | $9M |
| BBDBANCO BRADESCO S A | NEW | +726.5K | 726.5K | +$4M | $4M |
| CCUCOMPANIA CERVECERIAS UNIDAS | NEW | +201.4K | 201.4K | +$3M | $3M |
| IAGIAMGOLD CORP | NEW | +300.0K | 300.0K | +$1M | $1M |
| ANGLOGOLD ASHANTI | NEW | +22.3K | 22.3K | +$504,000 | $504,000 |
| ITUBITAU UNIBANCO HLDG S A | NEW | +5.5K | 5.5K | +$33,000 | $33,000 |
| GREAT PANTHER MNG LTD | NEW | +6.0K | 6.0K | +$5,000 | $5,000 |
| AGIALAMOS GOLD INC | ADDED | +160.0K | 177.4K | +$1M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
54 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NEMNEWMONT CORPhistory → | COM | 9.18% | $38M | 615.7K |
| 2 | ABXBARRICK GOLD CORPhistory → | COM | 8.03% | $33M | 1.41M |
| 3 | FORTUNA SILVER MINES INC | COM | 6.19% | $26M | 3.08M |
| 4 | YRIYAMANA GOLD INChistory → | COM | 4.21% | $17M | 2.95M |
| 5 | BTIBRITISH AMERICAN TOB PLChistory → | SPONSORED ADR | 3.90% | $16M | 427.3K |
| 6 | AEMAGNICO EAGLE MINES LTDhistory → | COM | 3.53% | $15M | 205.2K |
| 7 | FNVFRANCO NEV CORPhistory → | COM | 3.14% | $13M | 102.9K |
| 8 | PMPHILIP MORRIS INTL INChistory → | COM | 3.11% | $13M | 156.6K |
| 9 | SANDSTORM GOLD LTD | COM NEW | 3.04% | $13M | 1.75M |
| 10 | BTGB2GOLD CORPhistory → | COM | 3.00% | $12M | 2.20M |
| 11 | KGCKINROSS GOLD CORPhistory → | COM | 2.89% | $12M | 1.54M |
| 12 | PAASPAN AMERN SILVER CORPhistory → | COM | 2.80% | $12M | 332.2K |
| 13 | SPROTT PHYSICAL GOLD AND SILVE | TR UNIT | 2.61% | $11M | 542.5K |
| 14 | RGLDROYAL GOLD INChistory → | COM | 2.49% | $10M | 96.4K |
| 15 | OREUROSISKO GOLD ROYALTIES LTDhistory → | COM | 2.47% | $10M | 802.3K |
| 16 | GFIGOLD FIELDS LTDhistory → | SPONSORED ADR | 2.42% | $10M | 1.07M |
| 17 | ROYAL DUTCH SHELL PLC | SPONS ADR A | 2.42% | $10M | 278.4K |
| 18 | ABEVAMBEV SAhistory → | SPONSORED ADR | 2.38% | $10M | 3.25M |
| 19 | UNILEVER PLC | SPON ADR NEW | 2.20% | $9M | 150.0K |
| 20 | NVONOVO-NORDISK A Shistory → | ADR | 2.19% | $9M | 127.5K |
| 21 | PRETIUM RES INC | COM | 2.10% | $9M | 753.2K |
| 22 | TTENTOTAL SEhistory → | SPONSORED ADS | 2.03% | $8M | 197.7K |
| 23 | NVSNOVARTIS AGhistory → | SPONSORED ADR | 1.93% | $8M | 84.3K |
| 24 | NTRNUTRIEN LTDhistory → | COM | 1.88% | $8M | 158.7K |
| 25 | GLAXOSMITHKLINE PLC | SPONSORED ADR | 1.76% | $7M | 194.6K |
| 26 | EQNREQUINOR ASAhistory → | SPONSORED ADR | 1.72% | $7M | 422.1K |
| 27 | BPBP PLChistory → | SPONSORED ADR | 1.58% | $7M | 316.1K |
| 28 | BNSBANK OF NOVA SCOTIAhistory → | COM | 1.48% | $6M | 115.4K |
| 29 | EMXEMX RTY CORPhistory → | COM | 1.43% | $6M | 1.75M |
| 30 | VGZVISTA GOLD CORPhistory → | COM NEW | 1.39% | $6M | 5.31M |
| 31 | MTAMETALLA RTY & STREAMING LTDhistory → | COM NEW | 1.29% | $5M | 422.3K |
| 32 | MAVERIX METALS INC | COM NEW | 1.23% | $5M | 923.2K |
| 33 | BCEBCE INChistory → | COM NEW | 1.16% | $5M | 111.5K |
| 34 | WPMWHEATON PRECIOUS METALS CORPhistory → | COM | 1.12% | $5M | 109.5K |
| 35 | BBDBANCO BRADESCO S A | SP ADR PFD NEW | 0.93% | $4M | 726.5K |
| 36 | CCUCOMPANIA CERVECERIAS UNIDAS | SPONSORED ADR | 0.72% | $3M | 201.4K |
| 37 | BIDUBAIDU INC | SPON ADR REP A | 0.57% | $2M | 10.9K |
| 38 | EQXEQUINOX GOLD CORP | COM | 0.54% | $2M | 214.2K |
| 39 | DEODIAGEO PLC | SPON ADR NEW | 0.48% | $2M | 12.4K |
| 40 | SK TELECOM LTD | SPONSORED ADR | 0.42% | $2M | 70.3K |
| 41 | GDXJVANECK VECTORS ETF TR | JR GOLD MINERS E | 0.41% | $2M | 31.5K |
| 42 | AGIALAMOS GOLD INC | COM CL A | 0.38% | $2M | 177.4K |
| 43 | SPROTT PHYSICAL GOLD TRUST | UNIT | 0.27% | $1M | 72.0K |
| 44 | IAGIAMGOLD CORP | COM | 0.27% | $1M | 300.0K |
| 45 | OUNZVANECK MERK GOLD TR | GOLD TRUST | 0.13% | $543,000 | 29.3K |
| 46 | CNICANADIAN NATL RY CO | COM | 0.13% | $522,000 | 4.8K |
| 47 | ANGLOGOLD ASHANTI | SPONSORED ADR | 0.12% | $504,000 | 22.3K |
| 48 | AGFIRST MAJESTIC SILVER CORP | COM | 0.12% | $486,000 | 34.2K |
| 49 | EXKENDEAVOUR SILVER CORP | COM | 0.06% | $262,000 | 46.5K |
| 50 | SPROTT PHYSICAL SILVER TRUST | TR UNIT | 0.06% | $253,000 | 26.6K |
| 51 | VODVODAFONE GROUP PLC NEW | SPONSORED ADR | 0.06% | $233,000 | 14.1K |
| 52 | SVMSILVERCORP METALS INC | COM | 0.02% | $85,000 | 12.0K |
| 53 | ITUBITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 0.01% | $33,000 | 5.5K |
| 54 | GREAT PANTHER MNG LTD | COM | 0.00% | $5,000 | 6.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.0B | 96 | May 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $901M | 93 | Jan 21, 2026 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2025 | $829M | 89 | Oct 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025REVEALED | $1.1B | 163 | Jul 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $551M | 79 | May 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $464M | 71 | Jan 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $543M | 75 | Nov 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $505M | 68 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $491M | 72 | May 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $468M | 68 | Jan 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $427M | 68 | Nov 6, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $458M | 66 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $466M | 66 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $446M | 71 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $381M | 60 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $422M | 64 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $510M | 62 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $444M | 62 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $383M | 56 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $410M | 48 | Aug 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $389M | 51 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $412M | 54 | Feb 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $395M | 53 | Nov 18, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2020 | Under review | 47 | Nov 13, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2020 | $302M | 42 | May 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $277M | 41 | Feb 14, 2020 | 13F-HR | changes · 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 ↗.