Managers / Q1 2023 · view latest →
Euro Pacific Asset Management, LLC
CIK 0001796651 · LOTS 81-82, STREET C, STE. 206, DORADO, PR, 00646 · 949-878-8057
Reported Value
$466M
Q1 2023
Positions
66
Filings on Record
30
2019–present window
Filed
May 12, 2023
original filing
Summary
Euro Pacific Asset Management, LLC reported $466M in U.S.-listed holdings across 66 positions for Q1 2023.
Its largest position, ABX, represents 6.7% of the portfolio.
Compared with Q4 2022, the fund opened 6 new positions and exited 11.
Portfolio Metrics
Turnover
+10.0%
vs prior filed quarter
Top-10 Concentration
+39.7%
share of reported value
Largest Position
+6.7%
Barrick Gold
New / Exited
6 / 11
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 · 65.4% · $305M
- ADR · 28.6% · $133M
- Other · 3.8% · $18M
- ETP · 2.2% · $10M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TFPMTRIPLE FLAG PRECIOUS METAL | NEW | +299.7K | 299.7K | +$4M | $4M |
| AQNALGONQUIN PWR UTILS CORP | NEW | +200.0K | 200.0K | +$2M | $2M |
| NTESNETEASE INC | NEW | +10.5K | 10.5K | +$928,000 | $928,000 |
| MELIMERCADOLIBRE INC | NEW | +500 | 500 | +$659,000 | $659,000 |
| GDXVANECK ETF TRUST | NEW | +10.9K | 10.9K | +$353,000 | $353,000 |
| VOXRVOX ROYALTY CORP | NEW | +391.7K | 391.7K | +$0 | $0 |
| AGFIRST MAJESTIC SILVER CORP | ADDED | +111.5K | 151.2K | +$742,000 | $1M |
| TTENTOTALENERGIES SE | ADDED | +129.7K | 181.5K | +$7M | $11M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
66 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ABXBARRICK GOLD CORPhistory → | COM | 6.72% | $31M | 1.69M |
| 2 | AEMAGNICO EAGLE MINES LTDhistory → | COM | 4.77% | $22M | 435.6K |
| 3 | BTIBRITISH AMERN TOB PLChistory → | SPONSORED ADR | 4.21% | $20M | 558.6K |
| 4 | OREUROSISKO GOLD ROYALTIES LTDhistory → | COM | 4.18% | $19M | 1.23M |
| 5 | UNILEVER PLC | SPON ADR NEW | 3.38% | $16M | 302.8K |
| 6 | NEMNEWMONT CORPhistory → | COM | 3.38% | $16M | 321.0K |
| 7 | FNVFRANCO NEV CORPhistory → | COM | 3.29% | $15M | 105.3K |
| 8 | FORTUNA SILVER MINES INC | COM | 3.29% | $15M | 4.02M |
| 9 | PMPHILIP MORRIS INTL INChistory → | COM | 3.26% | $15M | 156.3K |
| 10 | BPBP PLChistory → | SPONSORED ADR | 3.23% | $15M | 396.3K |
| 11 | RGLDROYAL GOLD INChistory → | COM | 3.17% | $15M | 114.2K |
| 12 | YRIYAMANA GOLD INChistory → | COM | 3.04% | $14M | 2.42M |
| 13 | BTGB2GOLD CORPhistory → | COM | 3.04% | $14M | 3.58M |
| 14 | PAASPAN AMERN SILVER CORPhistory → | COM | 2.88% | $13M | 736.0K |
| 15 | MTAMETALLA RTY & STREAMING LTDhistory → | COM NEW | 2.74% | $13M | 2.28M |
| 16 | SHELSHELL PLChistory → | SPON ADS | 2.73% | $13M | 220.7K |
| 17 | WPMWHEATON PRECIOUS METALS CORPhistory → | COM | 2.60% | $12M | 252.2K |
| 18 | NVSNOVARTIS AGhistory → | SPONSORED ADR | 2.45% | $11M | 124.1K |
| 19 | EQXEQUINOX GOLD CORPhistory → | COM | 2.38% | $11M | 2.15M |
| 20 | BNSBANK NOVA SCOTIA B Chistory → | COM | 2.37% | $11M | 219.4K |
| 21 | TTENTOTALENERGIES SEhistory → | SPONSORED ADS | 2.30% | $11M | 181.5K |
| 22 | NVONOVO-NORDISK A Shistory → | ADR | 2.24% | $10M | 65.6K |
| 23 | ABEVAMBEV SAhistory → | SPONSORED ADR | 2.12% | $10M | 3.50M |
| 24 | GFIGOLD FIELDS LTDhistory → | SPONSORED ADR | 2.09% | $10M | 731.3K |
| 25 | NTRNUTRIEN LTDhistory → | COM | 1.91% | $9M | 120.4K |
| 26 | IAUXI-80 GOLD CORPhistory → | COM | 1.76% | $8M | 3.37M |
| 27 | EQNREQUINOR ASAhistory → | SPONSORED ADR | 1.72% | $8M | 282.6K |
| 28 | GSKGSK PLChistory → | SPONSORED ADR | 1.71% | $8M | 224.2K |
| 29 | KGCKINROSS GOLD CORPhistory → | COM | 1.69% | $8M | 1.67M |
| 30 | SPROTT PHYSICAL GOLD AND SILVE | TR UNIT | 1.47% | $7M | 361.5K |
| 31 | OUNZVANECK MERK GOLD TRhistory → | GOLD TRUST | 1.31% | $6M | 314.6K |
| 32 | CCUCOMPANIA CERVECERIAS UNIDAShistory → | SPONSORED ADR | 1.22% | $6M | 363.4K |
| 33 | SANDSTORM GOLD LTD | COM NEW | 1.10% | $5M | 880.6K |
| 34 | IAGIAMGOLD CORPhistory → | COM | 1.06% | $5M | 1.83M |
| 35 | TFPMTRIPLE FLAG PRECIOUS METAL | COM | 0.96% | $4M | 299.7K |
| 36 | BBDBANCO BRADESCO S A | SP ADR PFD NEW | 0.88% | $4M | 1.57M |
| 37 | BCEBCE INC | COM NEW | 0.82% | $4M | 84.7K |
| 38 | VGZVISTA GOLD CORP | COM NEW | 0.73% | $3M | 5.68M |
| 39 | EMXEMX RTY CORP | COM | 0.69% | $3M | 1.69M |
| 40 | AGIALAMOS GOLD INC NEW | COM CL A | 0.63% | $3M | 241.4K |
| 41 | FEMBFIRST TR EXCH TRADED FD III | EME MRK BD ETF | 0.40% | $2M | 66.4K |
| 42 | SPROTT PHYSICAL SILVER TR | TR UNIT | 0.39% | $2M | 220.9K |
| 43 | AQNALGONQUIN PWR UTILS CORP | COM | 0.36% | $2M | 200.0K |
| 44 | DEODIAGEO PLC | SPON ADR NEW | 0.32% | $2M | 8.2K |
| 45 | SKMSK TELECOM LTD | SPONSORED ADR | 0.31% | $1M | 70.3K |
| 46 | AGFIRST MAJESTIC SILVER CORP | COM | 0.23% | $1M | 151.2K |
| 47 | IGOVISHARES TR | INTL TREA BD ETF | 0.23% | $1M | 26.1K |
| 48 | VTEX | SHS CL A | 0.20% | $934,000 | 243.2K |
| 49 | NTESNETEASE INC | SPONSORED ADS | 0.20% | $928,000 | 10.5K |
| 50 | HLNHALEON PLC | SPON ADS | 0.19% | $907,000 | 111.1K |
| 51 | ITUBITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 0.18% | $837,000 | 171.5K |
| 52 | ARCO PLATFORM LTD | COM CL A | 0.15% | $715,000 | 65.2K |
| 53 | SILVERCREST METALS INC | COM | 0.15% | $714,000 | 100.0K |
| 54 | BWXSPDR SER TR | BLOOMBERG INTL T | 0.15% | $684,000 | 28.9K |
| 55 | VALEVALE S A | SPONSORED ADS | 0.14% | $663,000 | 41.9K |
| 56 | MELIMERCADOLIBRE INC | COM | 0.14% | $659,000 | 500 |
| 57 | DCDAKOTA GOLD CORP | COM | 0.14% | $633,000 | 175.5K |
| 58 | ANGLOGOLD ASHANTI LIMITED | SPONSORED ADR | 0.11% | $526,000 | 21.7K |
| 59 | CI&T INC | COM CL A | 0.11% | $515,000 | 93.5K |
| 60 | VODVODAFONE GROUP PLC NEW | SPONSORED ADR | 0.10% | $482,000 | 42.8K |
| 61 | GDXVANECK ETF TRUST | GOLD MINERS ETF | 0.08% | $353,000 | 10.9K |
| 62 | SAPSAP SE | SPON ADR | 0.07% | $332,000 | 2.5K |
| 63 | CNICANADIAN NATL RY CO | COM | 0.05% | $252,000 | 2.1K |
| 64 | KTKT CORP | SPONSORED ADR | 0.03% | $133,000 | 11.0K |
| 65 | EXKENDEAVOUR SILVER CORP | COM | 0.02% | $70,000 | 18.0K |
| 66 | VOXRVOX ROYALTY CORP | COM | 0.00% | $0 | 391.7K |
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 ↗.