SEC 13F Intelligence

Managers / Q3 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
$427M
Q3 2023
Positions
68
Filings on Record
30
2019–present window
Filed
Nov 6, 2023
original filing

Summary

Euro Pacific Asset Management, LLC reported $427M in U.S.-listed holdings across 68 positions for Q3 2023.

Its largest position, ABX, represents 6.3% of the portfolio.

Compared with Q2 2023, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+42.1%
share of reported value
Largest Position
+6.3%
Barrick Gold
New / Exited
5 / 3
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: 62.5%ADR: 31.0%Other: 3.5%ETP: 3.0%
  • Common Stock · 62.5% · $267M
  • ADR · 31.0% · $132M
  • Other · 3.5% · $15M
  • ETP · 3.0% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AUANGLOGOLD ASHANTI PLCNEW+57.8K57.8K+$916,000$916,000
SPROTT PHYSICAL GOLD TRUSTNEW+12.7K12.7K+$181,000$181,000
SASEABRIDGE GOLD INCNEW+13.5K13.5K+$143,000$143,000
CXCEMEX SAB-SPONS ADR PART CERNEW+10.5K10.5K+$72,000$72,000
VOXRVOX ROYALTY CORPNEW+58.4K58.4K+$0$0
VTEXSOLD OUT−243.2K0−$1M$0
CI&T INCSOLD OUT−93.5K0−$586,000$0
HKDAMTD DIGITAL INCSOLD OUT−443.0K0−$57,000$0

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

Holdings — Q3 2023

68 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ABXBARRICK GOLD CORPhistory →SPONSORED ADR6.32%$27M1.85M
2AEMAGNICO EAGLE MINES LTDhistory →COM6.08%$26M570.6K
3PAASPAN AMERICAN SILVER CORPhistory →COM4.72%$20M1.39M
4BTIBRITISH AMERICAN TOB-SP ADRhistory →SPONSORED ADR4.55%$19M618.1K
5BPBP PLC-SPONS ADRhistory →SPONSORED ADS3.56%$15M391.3K
6UNILEVER PLC-SPONSORED ADRSPON ADR NEW3.51%$15M302.7K
7OREUROSISKO GOLD ROYALTIES LTDhistory →COM3.40%$15M1.24M
8PMPHILIP MORRIS INTERNATIONALhistory →COM3.39%$14M156.3K
9FNVFRANCO-NEVADA CORPhistory →COM3.36%$14M107.5K
10SHELSHELL PLC-ADRhistory →SPON ADS3.26%$14M215.3K
11WPMWHEATON PRECIOUS METALS CORPhistory →COM3.14%$13M330.5K
12BTGB2GOLD CORPhistory →SPONSORED ADR2.93%$13M4.34M
13FORTUNA SILVER MINES INCCOM2.92%$12M4.58M
14RGLDROYAL GOLD INChistory →SPON ADS2.86%$12M115.0K
15TTENTOTALENERGIES SE -SPON ADRhistory →SPONSORED ADS2.81%$12M181.9K
16NEMNEWMONT CORPhistory →COM2.80%$12M323.6K
17NVONOVO-NORDISK A/S-SPONS ADRhistory →ADR2.72%$12M127.5K
18NVSNOVARTIS AG-SPONSORED ADRhistory →SPONSORED ADR2.62%$11M109.4K
19BNSBANK OF NOVA SCOTIAhistory →SPONSORED ADR2.53%$11M240.4K
20EQXEQUINOX GOLD CORPhistory →COM2.23%$10M2.26M
21EQNREQUINOR ASA-SPON ADRhistory →SPONSORED ADR2.22%$9M288.8K
22ABEVAMBEV SA-ADRhistory →SPONSORED ADS2.13%$9M3.53M
23MTAMETALLA ROYALTY & STREAMINGhistory →COM NEW2.02%$9M2.81M
24GSKGSK PLC-SPON ADRhistory →SPONSORED ADR1.97%$8M232.0K
25IAUXI-80 GOLD CORPhistory →COM1.97%$8M5.57M
26KGCKINROSS GOLD CORPhistory →COM1.87%$8M1.74M
27NTRNUTRIEN LTDhistory →COM1.69%$7M116.4K
28OUNZVANECK MERK GOLD TRUSThistory →GOLD TRUST1.53%$7M357.9K
29GFIGOLD FIELDS LTD-SPONS ADRhistory →SPONSORED ADR1.50%$6M590.9K
30SPROTT PHYSICAL GOLD AND SILTR UNIT1.45%$6M358.0K
31TFPMTRIPLE FLAG PRECIOUS METhistory →COM1.25%$5M409.6K
32IAGIAMGOLD CORPCOM0.93%$4M1.84M
33BBDBANCO BRADESCO-ADRSP ADR PFD NEW0.89%$4M1.33M
34FEMBFIRST TRUST EMERGING MARKETSEME MRK BD ETF0.73%$3M113.9K
35BCEBCE INCSPONSORED ADS0.72%$3M80.1K
36CCUCIA CERVECERIAS UNI-SPON ADRSPONSORED ADR0.69%$3M234.1K
37AGIALAMOS GOLD INC-CLASS ACOM CL A0.64%$3M243.6K
38VGZVISTA GOLD CORPCOM NEW0.55%$2M5.43M
39SILVERCREST METALS INCBLOOMBERG INTL T0.54%$2M518.6K
40EMXEMX ROYALTY CORPCOM0.52%$2M1.30M
41AQNALGONQUIN POWER & UTILITIESCOM0.50%$2M361.6K
42SKMSK TELECOM CO LTD-SPON ADRSPONSORED ADR0.43%$2M84.2K
43IGOVISHARES INTERNATIONAL TREASUINTL TREA BD ETF0.41%$2M46.9K
44SPROTT PHYSICAL SILVER TRUSTTR UNIT0.38%$2M212.1K
45NTESNETEASE INC-ADRSPONSORED ADS0.30%$1M12.9K
46DEODIAGEO PLC-SPONSORED ADRSPON ADR NEW0.28%$1M7.8K
47BWXSPDR BLOOMBERG INT TREASURYBLOOMBERG INTL T0.27%$1M54.0K
48ITUBITAU UNIBANCO H-SPON PRF ADRSPON ADR REP PFD0.22%$940,000174.2K
49AUANGLOGOLD ASHANTI PLCCOM0.21%$916,00057.8K
50HLNHALEON PLC-ADRSPONSORED ADR0.21%$893,000106.9K
51DCDAKOTA GOLD CORPSPON ADR REP PFD0.17%$742,000286.4K
52MELIMERCADOLIBRE INCCOM0.16%$695,000545
53VALEVALE SA-SP ADRSPONSORED ADS0.14%$597,00044.5K
54VODVODAFONE GROUP PLC-SP ADRSPONSORED ADR0.14%$595,00060.9K
55INFYINFOSYS LTD-SP ADRCOM0.14%$593,00034.4K
56SAPSAP SE-SPONSORED ADRBLOOMBERG INTL T0.08%$344,0002.5K
57GDXVANECK GOLD MINERS ETFGOLD TRUST0.06%$264,0009.8K
58AGFIRST MAJESTIC SILVER CORPCOM0.06%$246,00048.2K
59TSMTAIWAN SEMICONDUCTOR-SP ADRSPONSORED ADS0.06%$242,0002.6K
60CNICANADIAN NATL RAILWAY COCOM0.05%$222,0001.9K
61KTKT CORP-SP ADRSPON ADR REP PFD0.04%$191,00013.9K
62SPROTT PHYSICAL GOLD TRUSTBLOOMBERG INTL T0.04%$181,00012.7K
63SASEABRIDGE GOLD INCBLOOMBERG INTL T0.03%$143,00013.5K
64VIVTELEFONICA BRASIL-ADRNEW ADR0.03%$108,00012.3K
65CXCEMEX SAB-SPONS ADR PART CERCOM0.02%$72,00010.5K
66EXKENDEAVOUR SILVER CORPCOM0.02%$67,00027.5K
67WITWIPRO LTD-ADRCOM0.01%$61,00012.1K
68VOXRVOX ROYALTY CORPCOM0.00%$058.4K

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 ↗.