SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Euro Pacific Asset Management, LLC

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

Reported Value
$410M
Q2 2021
Positions
48
Filings on Record
30
2019–present window
Filed
Aug 6, 2021
original filing

Summary

Euro Pacific Asset Management, LLC reported $410M in U.S.-listed holdings across 48 positions for Q2 2021.

Its largest position, NEM, represents 8.4% of the portfolio.

Compared with Q1 2021, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+45.7%
share of reported value
Largest Position
+8.4%
Newmont
New / Exited
2 / 5
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: 66.3%ADR: 27.8%Other: 5.3%ETP: 0.5%
  • Common Stock · 66.3% · $272M
  • ADR · 27.8% · $114M
  • Other · 5.3% · $22M
  • ETP · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
APIAGORA INCNEW+44.0K44.0K+$2M$2M
GREAT PANTHER MNG LTDNEW+13.4K13.4K+$8,000$8,000
SPROTT PHYSICAL SILVER TRADDED+43.3K61.3K+$411,000$569,000
EQXEQUINOX GOLD CORPADDED+303.2K512.5K+$2M$4M
TTENTOTAL SESOLD OUT−193.9K0−$9M$0
CNICANADIAN NATL RY COSOLD OUT−4.7K0−$542,000$0
EXKENDEAVOUR SILVER CORPSOLD OUT−46.5K0−$231,000$0
ALCALCON INCSOLD OUT−3.0K0−$208,000$0

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

Holdings — Q2 2021

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEMNEWMONT CORPhistory →COM8.37%$34M541.5K
2ABXBARRICK GOLD CORPhistory →COM7.46%$31M1.48M
3BTIBRITISH AMERN TOB PLChistory →SPONSORED ADR4.69%$19M489.2K
4FORTUNA SILVER MINES INCCOM4.25%$17M3.14M
5PMPHILIP MORRIS INTL INChistory →COM3.88%$16M160.7K
6FNVFRANCO NEV CORPhistory →COM3.61%$15M102.1K
7PAASPAN AMERN SILVER CORPhistory →COM3.43%$14M492.9K
8NTRNUTRIEN LTDhistory →COM3.40%$14M230.1K
9BPBP PLChistory →SPONSORED ADR3.35%$14M520.9K
10SANDSTORM GOLD LTDCOM NEW3.23%$13M1.68M
11AEMAGNICO EAGLE MINES LTDhistory →COM3.12%$13M212.0K
12YRIYAMANA GOLD INChistory →COM3.06%$13M2.98M
13ABEVAMBEV SAhistory →SPONSORED ADR3.01%$12M3.59M
14NVONOVO-NORDISK A Shistory →ADR2.89%$12M141.4K
15ROYAL DUTCH SHELL PLCSPONS ADR A2.75%$11M279.2K
16RGLDROYAL GOLD INChistory →COM2.75%$11M98.8K
17GFIGOLD FIELDS LTDhistory →SPONSORED ADR2.59%$11M1.19M
18KGCKINROSS GOLD CORPhistory →COM2.56%$11M1.65M
19BTGB2GOLD CORPhistory →COM2.42%$10M2.36M
20OREUROSISKO GOLD ROYALTIES LTDhistory →COM2.41%$10M721.3K
21EQNREQUINOR ASAhistory →SPONSORED ADR2.18%$9M421.4K
22UNILEVER PLCSPON ADR NEW2.13%$9M149.5K
23GLAXOSMITHKLINE PLCSPONSORED ADR2.04%$8M210.6K
24NVSNOVARTIS AGhistory →SPONSORED ADR1.91%$8M86.0K
25SPROTT PHYSICAL GOLD & SILVETR UNIT1.90%$8M417.0K
26PRETIUM RES INCCOM1.77%$7M760.5K
27VGZVISTA GOLD CORPhistory →COM NEW1.53%$6M5.09M
28CCUCOMPANIA CERVECERIAS UNIDAShistory →SPONSORED ADR1.42%$6M288.7K
29BCEBCE INChistory →COM NEW1.35%$6M111.9K
30WPMWHEATON PRECIOUS METALS CORPhistory →COM1.33%$5M123.6K
31EMXEMX RTY CORPhistory →COM1.27%$5M1.74M
32BBDBANCO BRADESCO S Ahistory →SP ADR PFD NEW1.26%$5M1.01M
33MAVERIX METALS INCCOM NEW1.15%$5M874.4K
34MTAMETALLA RTY & STREAMING LTDCOM NEW0.94%$4M451.0K
35EQXEQUINOX GOLD CORPCOM0.87%$4M512.5K
36DEODIAGEO PLCSPON ADR NEW0.65%$3M13.8K
37SK TELECOM LTDSPONSORED ADR0.57%$2M75.1K
38APIAGORA INCADS0.45%$2M44.0K
39AGIALAMOS GOLD INC NEWCOM CL A0.45%$2M239.4K
40IAGIAMGOLD CORPCOM0.36%$1M500.0K
41GDXJVANECK VECTORS ETF TRJR GOLD MINERS E0.35%$1M30.8K
42SPROTT PHYSICAL GOLD TRUNIT0.26%$1M75.2K
43OUNZVANECK MERK GOLD TRGOLD TRUST0.19%$791,00045.9K
44SPROTT PHYSICAL SILVER TRTR UNIT0.14%$569,00061.3K
45AGFIRST MAJESTIC SILVER CORPCOM0.13%$540,00034.2K
46VODVODAFONE GROUP PLC NEWSPONSORED ADR0.08%$325,00019.0K
47BNSBANK NOVA SCOTIA B CCOM0.07%$305,0004.7K
48GREAT PANTHER MNG LTDCOM0.00%$8,00013.4K

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 ↗.