SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Euro Pacific Asset Management, LLC

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

Reported Value
$551M
Q1 2025
Positions
79
Filings on Record
30
2019–present window
Filed
May 9, 2025
original filing

Summary

Euro Pacific Asset Management, LLC reported $551M in U.S.-listed holdings across 79 positions for Q1 2025.

Its largest position, AEM, represents 10.2% of the portfolio.

Compared with Q4 2024, the fund opened 9 new positions and exited 1.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+54.7%
share of reported value
Largest Position
+10.2%
Agnico Eagle Mines
New / Exited
9 / 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
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: 72.0%ADR: 20.7%ETP: 4.4%Other: 2.7%Closed-End Fund: 0.1%Other: 0.1%
  • Common Stock · 72.0% · $397M
  • ADR · 20.7% · $114M
  • ETP · 4.4% · $24M
  • Other · 2.7% · $15M
  • Closed-End Fund · 0.1% · $585,000
  • Other · 0.1% · $469,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TLKTELKOM INDONESIA PERSERO-ADRNEW+43.6K43.6K+$658,000$658,000
IAUISHARES GOLD TRUSTNEW+6.6K6.6K+$390,000$390,000
HYINWisdomTree Alternative IncomNEW+21.4K21.4K+$382,000$382,000
XFRAXBLACKROCK FLTNG RT INC STRATNEW+28.2K28.2K+$364,000$364,000
VZLAVIZSLA SILVER CORPNEW+150.0K150.0K+$341,000$341,000
BABAALIBABA GROUP HOLDING-SP ADRNEW+2.5K2.5K+$331,000$331,000
EXMOCEXXON MOBIL CORPNEW+1.9K1.9K+$226,000$226,000
IBMINTL BUSINESS MACHINES CORPNEW+891891+$221,000$221,000

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

Holdings — Q1 2025

79 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAGNICO EAGLE MINES LTDhistory →COM10.22%$56M519.7K
2ABXBARRICK GOLD CORPhistory →COM6.97%$38M1.97M
3FNVFRANCO-NEVADA CORPhistory →COM6.49%$36M226.8K
4PAASPAN AMERICAN SILVER CORPhistory →COM6.16%$34M1.32M
5BTIBRITISH AMERICAN TOB-SP ADRhistory →SPONSORED ADR4.99%$28M665.5K
6FSMFORTUNA MINING CORPhistory →COM NEW4.82%$27M4.35M
7OREUROSISKO GOLD ROYALTIES LTDhistory →COM4.17%$23M1.09M
8WPMWHEATON PRECIOUS METALS CORPhistory →COM4.09%$23M290.6K
9RGLDROYAL GOLD INChistory →COM3.41%$19M114.8K
10NEMNEWMONT CORPhistory →COM3.39%$19M384.8K
11BTGB2GOLD CORPhistory →COM3.02%$17M5.83M
12UNILEVER PLC-SPONSORED ADRSPON ADR NEW2.67%$15M246.2K
13MTAMETALLA ROYALTY & STREAMINGhistory →COM NEW2.65%$15M5.06M
14KGCKINROSS GOLD CORPhistory →COM2.52%$14M1.10M
15OUNZVANECK MERK GOLD ETFhistory →GOLD TRUST2.48%$14M451.3K
16PMPHILIP MORRIS INTERNATIONALhistory →COM2.42%$13M84.2K
17SHELSHELL PLC-ADRhistory →SPON ADS2.28%$13M172.0K
18BPBP PLC-SPONS ADRhistory →SPONSORED ADR2.24%$12M366.7K
19TTENTOTALENERGIES SE -SPON ADRhistory →SPONSORED ADS1.93%$11M164.9K
20NVSNOVARTIS AG-SPONSORED ADRhistory →SPONSORED ADR1.90%$10M94.0K
21SPROTT PHYSICAL GOLD AND SILTR UNIT1.65%$9M320.4K
22BNSBANK OF NOVA SCOTIAhistory →COM1.53%$8M178.5K
23GSKGSK PLC-SPON ADRhistory →SPONSORED ADR1.49%$8M213.0K
24EQXEQUINOX GOLD CORPhistory →COM1.36%$7M1.09M
25ABEVAMBEV SA-ADRhistory →SPONSORED ADR1.36%$7M3.19M
26EQNREQUINOR ASA-SPON ADRhistory →SPONSORED ADR1.32%$7M271.7K
27IAGIAMGOLD CORPhistory →COM1.30%$7M1.15M
28NVONOVO-NORDISK A/S-SPONS ADRhistory →ADR1.14%$6M90.2K
29DCDAKOTA GOLD CORPCOM0.97%$5M2.01M
30NTRNUTRIEN LTDCOM0.96%$5M106.0K
31IAUXI-80 GOLD CORPCOM0.75%$4M7.08M
32SPROTT PHYSICAL SILVER TRUSTTR UNIT0.57%$3M272.1K
33FEMBFIRST TRUST EMERGING MARKETSEME MRK BD ETF0.56%$3M113.6K
34IEIVANHOE ELECTRIC INC / USCOM0.49%$3M463.3K
35IGOVISHARES INTERNATIONAL TREASUINTL TREA BD ETF0.35%$2M47.4K
36YUMCYUM CHINA HOLDINGS INCCOM0.34%$2M35.5K
37AQNALGONQUIN POWER & UTILITIESCOM0.33%$2M354.8K
38SKMSK TELECOM CO LTD-SPON ADRSPONSORED ADR0.28%$2M71.9K
39BCEBCE INCCOM NEW0.27%$1M64.8K
40EMXEMX ROYALTY CORPCOM0.26%$1M693.2K
41NTESNETEASE INC-ADRSPONSORED ADS0.25%$1M13.2K
42BBDBANCO BRADESCO-ADRSP ADR PFD NEW0.24%$1M582.4K
43BWXSPDR BLOOMBERG INT TREASURYBLOOMBERG INTL T0.22%$1M55.0K
44WRNWESTERN COPPER AND GOLD CORPCOM0.22%$1M1.06M
45INFYINFOSYS LTD-SP ADRSPONSORED ADR0.22%$1M65.5K
46SPROTT PHYSICAL GOLD TRUSTUNIT0.20%$1M47.8K
47ITUBITAU UNIBANCO H-SPON PRF ADRSPON ADR REP PFD0.19%$1M189.4K
48HLNHALEON PLC-ADRSPON ADS0.17%$953,00093.0K
49USFRWISDOMTREE FLOATING RATE TREFLOATING RAT TREA0.16%$892,00017.7K
50DEODIAGEO PLC-SPONSORED ADRSPON ADR NEW0.15%$853,0008.1K
51TLKTELKOM INDONESIA PERSERO-ADRSPONSORED ADR0.12%$658,00043.6K
52VALEVALE SA-SP ADRSPONSORED ADS0.12%$658,00065.1K
53GDXVANECK GOLD MINERS ETFGOLD MINERS ETF0.11%$589,00012.8K
54MELIMERCADOLIBRE INCCOM0.10%$569,000289
55VWOBVANGUARD EMERG MKTS GOV BNDEM MK GOV BD ETF0.10%$563,0008.8K
56JAAAJANUS HENDERSON AAA CLO ETFHENDRSON AAA CL0.10%$555,00011.0K
57USHYISHARES BROAD USD HIGH YIELDBROAD USD HIGH0.10%$545,00014.9K
58PSKSPDR ICE PREFERRED SECURITIEICE PFD SEC ETF0.09%$515,00016.0K
59TSMTAIWAN SEMICONDUCTOR-SP ADRSPONSORED ADS0.09%$476,0002.8K
60ENBENBRIDGE INCCOM0.08%$457,00010.3K
61IAUISHARES GOLD TRUSTISHARES NEW0.07%$390,0006.6K
62HYINWisdomTree Alternative IncomALTRNTVE INCM FD0.07%$382,00021.4K
63XFRAXBLACKROCK FLTNG RT INC STRATCOM0.07%$364,00028.2K
64VZLAVIZSLA SILVER CORPCOM NEW0.06%$341,000150.0K
65BABAALIBABA GROUP HOLDING-SP ADRSPON ADS0.06%$331,0002.5K
66AGIALAMOS GOLD INC-CLASS ACOM CL A0.06%$323,00012.1K
67GFIGOLD FIELDS LTD-SPONS ADRSPONSORED ADR0.06%$308,00013.6K
68RIORIO TINTO PLC-SPON ADRSPONSORED ADR0.05%$298,0004.9K
69AGFIRST MAJESTIC SILVER CORPCOM0.05%$275,00041.2K
70ETENERGY TRANSFER LPCOM UT LTD PTN0.04%$247,00013.2K
71SAPSAP SE-SPONSORED ADRSPON ADR0.04%$235,000865
72EXMOCEXXON MOBIL CORPCOM0.04%$226,0001.9K
73OHIOMEGA HEALTHCARE INVESTORSCOM0.04%$222,0005.8K
74IFNINDIA FUND INCCOM0.04%$221,00014.1K
75IBMINTL BUSINESS MACHINES CORPCOM0.04%$221,000891
76VODVODAFONE GROUP PLC-SP ADRSPONSORED ADR0.03%$146,00015.3K
77EXKENDEAVOUR SILVER CORPCOM0.02%$106,00027.5K
78WITWIPRO LTD-ADRSPON ADR 1 SH0.01%$78,00023.6K
79CXCEMEX SAB-SPONS ADR PART CERSPON ADR NEW0.01%$61,00010.4K

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 ↗.