SEC 13F Intelligence

Managers / Q4 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
$468M
Q4 2023
Positions
68
Filings on Record
30
2019–present window
Filed
Jan 31, 2024
original filing

Summary

Euro Pacific Asset Management, LLC reported $468M in U.S.-listed holdings across 68 positions for Q4 2023.

Its largest position, ABX, represents 7.1% of the portfolio.

The book was largely unchanged from Q3 2023.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+42.7%
share of reported value
Largest Position
+7.1%
Barrick Gold

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: 66.2%ADR: 27.7%Other: 3.1%ETP: 2.9%
  • Common Stock · 66.2% · $310M
  • ADR · 27.7% · $130M
  • Other · 3.1% · $15M
  • ETP · 2.9% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EMXEMX ROYALTY CORPADDED+4.12M5.43M+$2M$4M
SPROTT PHYSICAL GOLD TRUSTADDED+39.6K52.3K+$648,000$829,000
GFIGOLD FIELDS LTD-SPONS ADRTRIMMED−420.5K170.4K−$4M$2M
VGZVISTA GOLD CORPTRIMMED−3.07M2.36M−$1M$1M
IAGIAMGOLD CORPADDED+885.7K2.73M+$3M$7M
AUANGLOGOLD ASHANTI PLCADDED+17.1K75.0K+$486,000$1M
TSMTAIWAN SEMICONDUCTOR-SP ADRADDED+7363.4K+$124,000$366,000
MTAMETALLA ROYALTY & STREAMINGADDED+588.9K3.40M+$2M$10M

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

Holdings — Q4 2023

68 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ABXBARRICK GOLD CORPhistory →SPONSORED ADR7.13%$33M1.85M
2AEMAGNICO EAGLE MINES LTDhistory →COM6.70%$31M572.4K
3PAASPAN AMERICAN SILVER CORPhistory →COM4.86%$23M1.39M
4BTIBRITISH AMERICAN TOB-SP ADRhistory →SPONSORED ADR3.89%$18M615.7K
5FORTUNA SILVER MINES INCCOM3.76%$18M4.56M
6OREUROSISKO GOLD ROYALTIES LTDhistory →COM3.57%$17M1.17M
7WPMWHEATON PRECIOUS METALS CORPhistory →COM3.48%$16M330.9K
8PMPHILIP MORRIS INTERNATIONALhistory →COM3.16%$15M155.6K
9UNILEVER PLC-SPONSORED ADRSPON ADR NEW3.13%$15M302.0K
10FNVFRANCO-NEVADA CORPhistory →COM3.07%$14M129.8K
11SHELSHELL PLC-ADRhistory →SPON ADS3.03%$14M214.0K
12RGLDROYAL GOLD INChistory →SPON ADS2.99%$14M115.9K
13BPBP PLC-SPONS ADRhistory →SPONSORED ADS2.97%$14M390.8K
14BTGB2GOLD CORPhistory →SPONSORED ADR2.94%$14M4.35M
15NVONOVO-NORDISK A/S-SPONS ADRhistory →ADR2.76%$13M125.4K
16NEMNEWMONT CORPhistory →COM2.68%$13M303.6K
17TTENTOTALENERGIES SE -SPON ADRhistory →SPONSORED ADS2.62%$12M180.4K
18BNSBANK OF NOVA SCOTIAhistory →SPONSORED ADR2.50%$12M242.2K
19NVSNOVARTIS AG-SPONSORED ADRhistory →SPONSORED ADR2.37%$11M109.4K
20EQXEQUINOX GOLD CORPhistory →COM2.34%$11M2.26M
21MTAMETALLA ROYALTY & STREAMINGhistory →COM NEW2.22%$10M3.40M
22IAUXI-80 GOLD CORPhistory →COM2.09%$10M5.58M
23ABEVAMBEV SA-ADRhistory →SPONSORED ADS2.08%$10M3.48M
24KGCKINROSS GOLD CORPhistory →COM2.04%$10M1.58M
25EQNREQUINOR ASA-SPON ADRhistory →SPONSORED ADR1.96%$9M288.8K
26GSKGSK PLC-SPON ADRhistory →SPONSORED ADR1.87%$9M234.1K
27OUNZVANECK MERK GOLD TRUSThistory →GOLD TRUST1.49%$7M346.8K
28IAGIAMGOLD CORPhistory →COM1.47%$7M2.73M
29SPROTT PHYSICAL GOLD AND SILTR UNIT1.47%$7M360.3K
30NTRNUTRIEN LTDhistory →COM1.41%$7M115.8K
31TFPMTRIPLE FLAG PRECIOUS METhistory →COM1.19%$6M419.6K
32BBDBANCO BRADESCO-ADRSP ADR PFD NEW1.00%$5M1.33M
33EMXEMX ROYALTY CORPCOM0.91%$4M5.43M
34SILVERCREST METALS INCBLOOMBERG INTL T0.82%$4M588.5K
35AGIALAMOS GOLD INC-CLASS ACOM CL A0.70%$3M244.0K
36FEMBFIRST TRUST EMERGING MARKETSEME MRK BD ETF0.68%$3M108.0K
37BCEBCE INCSPONSORED ADS0.68%$3M78.6K
38CCUCIA CERVECERIAS UNI-SPON ADRSPONSORED ADR0.62%$3M229.2K
39GFIGOLD FIELDS LTD-SPONS ADRSPONSORED ADR0.53%$2M170.4K
40AQNALGONQUIN POWER & UTILITIESCOM0.49%$2M361.8K
41IGOVISHARES INTERNATIONAL TREASUINTL TREA BD ETF0.40%$2M44.7K
42SKMSK TELECOM CO LTD-SPON ADRSPONSORED ADR0.39%$2M83.9K
43SPROTT PHYSICAL SILVER TRUSTTR UNIT0.34%$2M199.9K
44AUANGLOGOLD ASHANTI PLCCOM0.30%$1M75.0K
45ITUBITAU UNIBANCO H-SPON PRF ADRSPON ADR REP PFD0.26%$1M174.9K
46BWXSPDR BLOOMBERG INT TREASURYBLOOMBERG INTL T0.26%$1M51.3K
47NTESNETEASE INC-ADRSPONSORED ADS0.26%$1M12.9K
48DEODIAGEO PLC-SPONSORED ADRSPON ADR NEW0.26%$1M8.2K
49VGZVISTA GOLD CORPCOM NEW0.23%$1M2.36M
50HLNHALEON PLC-ADRSPONSORED ADR0.19%$870,000105.3K
51MELIMERCADOLIBRE INCCOM0.19%$868,000550
52SPROTT PHYSICAL GOLD TRUSTBLOOMBERG INTL T0.18%$829,00052.3K
53DCDAKOTA GOLD CORPSPON ADR REP PFD0.17%$795,000303.8K
54INFYINFOSYS LTD-SP ADRCOM0.16%$730,00039.5K
55VALEVALE SA-SP ADRSPONSORED ADS0.15%$710,00044.7K
56VODVODAFONE GROUP PLC-SP ADRSPONSORED ADR0.11%$536,00060.4K
57SAPSAP SE-SPONSORED ADRBLOOMBERG INTL T0.09%$406,0002.5K
58TSMTAIWAN SEMICONDUCTOR-SP ADRSPONSORED ADS0.08%$366,0003.4K
59GDXVANECK GOLD MINERS ETFGOLD TRUST0.06%$303,0009.8K
60AGFIRST MAJESTIC SILVER CORPCOM0.06%$296,00048.3K
61CNICANADIAN NATL RAILWAY COCOM0.05%$242,0001.8K
62KTKT CORP-SP ADRSPON ADR REP PFD0.04%$201,00014.1K
63SASEABRIDGE GOLD INCBLOOMBERG INTL T0.03%$163,00013.5K
64VIVTELEFONICA BRASIL-ADRNEW ADR0.03%$138,00012.5K
65CXCEMEX SAB-SPONS ADR PART CERCOM0.02%$92,00011.5K
66WITWIPRO LTD-ADRCOM0.02%$75,00013.0K
67EXKENDEAVOUR SILVER CORPCOM0.01%$54,00027.5K
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 ↗.