Managers / Q4 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
$444M
Q4 2021
Positions
62
Filings on Record
30
2019–present window
Filed
Feb 14, 2022
original filing
Summary
Euro Pacific Asset Management, LLC reported $444M in U.S.-listed holdings across 62 positions for Q4 2021.
Its largest position, ABX, represents 6.7% of the portfolio.
Compared with Q3 2021, the fund opened 7 new positions and exited 1.
Portfolio Metrics
Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+40.7%
share of reported value
Largest Position
+6.7%
Barrick Gold
New / Exited
7 / 1
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 · 63.3% · $281M
- ADR · 28.9% · $128M
- Other · 6.3% · $28M
- ETP · 1.6% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NOMAD ROYALTY COMPANY LTD | NEW | +248.1K | 248.1K | +$2M | $2M |
| SKMSK TELECOM LTD | NEW | +46.6K | 46.6K | +$1M | $1M |
| GDXVANECK ETF TRUST | NEW | +40.6K | 40.6K | +$1M | $1M |
| EEMISHARES TR | NEW | +7.8K | 7.8K | +$378,000 | $378,000 |
| CNICANADIAN NATL RY CO | NEW | +2.1K | 2.1K | +$258,000 | $258,000 |
| EXKENDEAVOUR SILVER CORP | NEW | +18.0K | 18.0K | +$70,000 | $70,000 |
| AAUAFALMADEN MINERALS LTD | NEW | +107.8K | 107.8K | +$0 | $0 |
| BNSBANK NOVA SCOTIA B C | ADDED | +184.6K | 190.4K | +$13M | $14M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2021
60 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ABXBARRICK GOLD CORPhistory → | COM | 6.71% | $30M | 1.59M |
| 2 | NEMNEWMONT CORPhistory → | COM | 6.58% | $29M | 485.3K |
| 3 | BTIBRITISH AMERN TOB PLChistory → | SPONSORED ADR | 4.59% | $20M | 538.2K |
| 4 | PMPHILIP MORRIS INTL INChistory → | COM | 3.51% | $16M | 162.8K |
| 5 | NTRNUTRIEN LTDhistory → | COM | 3.29% | $15M | 202.0K |
| 6 | NVONOVO-NORDISK A Shistory → | ADR | 3.24% | $14M | 135.0K |
| 7 | BPBP PLChistory → | SPONSORED ADR | 3.21% | $14M | 516.8K |
| 8 | FNVFRANCO NEV CORPhistory → | COM | 3.19% | $14M | 102.8K |
| 9 | FORTUNA SILVER MINES INC | COM | 3.18% | $14M | 3.63M |
| 10 | MTAMETALLA RTY & STREAMING LTDhistory → | COM NEW | 3.16% | $14M | 2.03M |
| 11 | BNSBANK NOVA SCOTIA B Chistory → | COM | 3.06% | $14M | 190.4K |
| 12 | AEMAGNICO EAGLE MINES LTDhistory → | COM | 3.04% | $13M | 255.4K |
| 13 | GFIGOLD FIELDS LTDhistory → | SPONSORED ADR | 3.00% | $13M | 1.22M |
| 14 | EQXEQUINOX GOLD CORPhistory → | COM | 2.98% | $13M | 1.96M |
| 15 | PAASPAN AMERN SILVER CORPhistory → | COM | 2.94% | $13M | 527.7K |
| 16 | OREUROSISKO GOLD ROYALTIES LTDhistory → | COM | 2.92% | $13M | 1.06M |
| 17 | ROYAL DUTCH SHELL PLC | SPONS ADR A | 2.78% | $12M | 270.8K |
| 18 | YRIYAMANA GOLD INChistory → | COM | 2.77% | $12M | 3.01M |
| 19 | EQNREQUINOR ASAhistory → | SPONSORED ADR | 2.52% | $11M | 411.4K |
| 20 | BTGB2GOLD CORPhistory → | COM | 2.42% | $11M | 2.74M |
| 21 | RGLDROYAL GOLD INChistory → | COM | 2.29% | $10M | 97.2K |
| 22 | GLAXOSMITHKLINE PLC | SPONSORED ADR | 2.29% | $10M | 232.2K |
| 23 | UNILEVER PLC | SPON ADR NEW | 2.20% | $10M | 183.2K |
| 24 | ABEVAMBEV SAhistory → | SPONSORED ADR | 2.15% | $10M | 3.54M |
| 25 | TTENTOTALENERGIES SEhistory → | SPONSORED ADS | 2.11% | $9M | 192.2K |
| 26 | SANDSTORM GOLD LTD | COM NEW | 2.06% | $9M | 1.48M |
| 27 | NVSNOVARTIS AGhistory → | SPONSORED ADR | 2.01% | $9M | 101.4K |
| 28 | BCEBCE INChistory → | COM NEW | 1.72% | $8M | 146.8K |
| 29 | PRETIUM RES INC | COM | 1.59% | $7M | 499.8K |
| 30 | WPMWHEATON PRECIOUS METALS CORPhistory → | COM | 1.49% | $7M | 156.9K |
| 31 | SPROTT PHYSICAL GOLD AND SILVE | TR UNIT | 1.42% | $6M | 364.8K |
| 32 | CCUCOMPANIA CERVECERIAS UNIDAShistory → | SPONSORED ADR | 1.07% | $5M | 289.9K |
| 33 | EMXEMX RTY CORP | COM | 0.91% | $4M | 1.86M |
| 34 | MAVERIX METALS INC | COM NEW | 0.88% | $4M | 899.7K |
| 35 | VGZVISTA GOLD CORP | COM NEW | 0.81% | $4M | 5.12M |
| 36 | BBDBANCO BRADESCO S A | SP ADR PFD NEW | 0.78% | $3M | 1.01M |
| 37 | DEODIAGEO PLC | SPON ADR NEW | 0.70% | $3M | 14.3K |
| 38 | GDXJVANECK ETF TRUST | JUNIOR GOLD MINE · GOLD MINERS ETF | 0.61% | $3M | 76.5K |
| 39 | NOMAD ROYALTY COMPANY LTD | COM NEW | 0.43% | $2M | 248.1K |
| 40 | AGIALAMOS GOLD INC NEW | COM CL A | 0.41% | $2M | 237.0K |
| 41 | IAGIAMGOLD CORP | COM | 0.35% | $2M | 500.0K |
| 42 | OUNZVANECK MERK GOLD TR | GOLD TRUST | 0.34% | $2M | 83.8K |
| 43 | ARCO PLATFORM LTD | COM CL A | 0.29% | $1M | 60.6K |
| 44 | SKMSK TELECOM LTD | SPONSORED ADR | 0.28% | $1M | 46.6K |
| 45 | FEMBFIRST TR EXCH TRADED FD III | EME MRK BD ETF | 0.26% | $1M | 36.4K |
| 46 | IGOVISHARES TR | INTL TREA BD ETF · MSCI EMG MKT ETF | 0.25% | $1M | 21.7K |
| 47 | VTEX | SHS CL A | 0.20% | $880,000 | 82.1K |
| 48 | AAPLAPPLE INC | COM | 0.16% | $710,000 | 4.0K |
| 49 | APIAGORA INC | ADS | 0.15% | $668,000 | 41.2K |
| 50 | DADA NEXUS LTD | ADS | 0.13% | $563,000 | 42.8K |
| 51 | SPROTT PHYSICAL SILVER TR | TR UNIT | 0.12% | $521,000 | 68.1K |
| 52 | BWXSPDR SER TR | BLOOMBERG INTL T | 0.11% | $481,000 | 16.6K |
| 53 | VODVODAFONE GROUP PLC NEW | SPONSORED ADR | 0.09% | $387,000 | 25.6K |
| 54 | AGFIRST MAJESTIC SILVER CORP | COM | 0.08% | $354,000 | 34.2K |
| 55 | BNRBURNING ROCK BIOTECH LTD | SPONSORED ADS | 0.06% | $261,000 | 27.4K |
| 56 | CNICANADIAN NATL RY CO | COM | 0.06% | $258,000 | 2.1K |
| 57 | SPROTT PHYSICAL GOLD TR | UNIT | 0.02% | $104,000 | 7.9K |
| 58 | EXKENDEAVOUR SILVER CORP | COM | 0.02% | $70,000 | 18.0K |
| 59 | KGCKINROSS GOLD CORP | COM | 0.00% | $4,000 | 500 |
| 60 | AAUAFALMADEN MINERALS LTD | COM CL B | 0.00% | $0 | 107.8K |
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 ↗.