SEC 13F Intelligence

Managers / Q2 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
$1.1B
Q2 2025
Positions
163
includes revealed positions
Filings on Record
30
2019–present window
Filed
Jul 22, 2025
original filing

Summary

Euro Pacific Asset Management, LLC reported $1.1B in U.S.-listed holdings across 163 positions for Q2 2025.

Its largest position, AEM, represents 9.4% of the portfolio.

Compared with Q1 2025, the fund opened 11 new positions and exited 6.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+57.7%
share of reported value
Largest Position
+9.4%
Agnico Eagle Mines
New / Exited
11 / 6
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: 75.9%ADR: 17.8%ETP: 4.8%Other: 1.5%Closed-End Fund: 0.1%Other: 0.0%
  • Common Stock · 75.9% · $813M
  • ADR · 17.8% · $191M
  • ETP · 4.8% · $51M
  • Other · 1.5% · $16M
  • Closed-End Fund · 0.1% · $604,000
  • Other · 0.0% · $452,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BBARRICK MINING CORPREVEALEDNEW+4.34M4.34M+$79M$79M
OROR ROYALTIES INCREVEALEDNEW+2.16M2.16M+$54M$54M
AUANGLOGOLD ASHANTI PLCREVEALEDNEW+69.6K69.6K+$3M$3M
BHPBHP GROUP LTD-SPON ADRREVEALEDNEW+111.1K111.1K+$3M$3M
QUALISHARES MSCI USA QUALITY FACREVEALEDNEW+7.1K7.1K+$1M$1M
ACWXISHARES MSCI ACWI EX US ETFREVEALEDNEW+21.3K21.3K+$1M$1M
SPYMSPDR PORTFOLIO S&P 500 ETFREVEALEDNEW+10.1K10.1K+$734,000$734,000
ASRGRUPO AEROPORTUARIO SUR-ADRREVEALEDNEW+1.3K1.3K+$432,000$432,000

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

Holdings — Q2 2025REVEALED

84 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAGNICO EAGLE MINES LTDREVEALEDhistory →COM9.43%$101M946.2K
2BBARRICK MINING CORPREVEALEDhistory →COM7.40%$79M4.34M
3PAASPAN AMERICAN SILVER CORPREVEALEDhistory →COM6.48%$69M2.66M
4FNVFRANCO-NEVADA CORPREVEALEDhistory →COM6.10%$65M457.3K
5FSMFORTUNA MINING CORPREVEALEDhistory →COM NEW5.28%$57M8.84M
6OROR ROYALTIES INCREVEALEDhistory →COM SHS5.04%$54M2.16M
7WPMWHEATON PRECIOUS METALS CORPREVEALEDhistory →COM4.74%$51M587.3K
8BTIBRITISH AMERICAN TOB-SP ADRREVEALEDhistory →SPONSORED ADR4.66%$50M1.33M
9BTGB2GOLD CORPREVEALEDhistory →COM4.59%$49M13.91M
10MTAMETALLA ROYALTY & STREAMINGREVEALEDhistory →COM NEW3.97%$43M11.32M
11NEMNEWMONT CORPREVEALEDhistory →COM3.96%$42M919.3K
12RGLDROYAL GOLD INCREVEALEDhistory →COM3.73%$40M232.3K
13OUNZVANECK MERK GOLD ETFREVEALEDhistory →GOLD TRUST2.72%$29M911.2K
14KGCKINROSS GOLD CORPREVEALEDhistory →COM2.10%$23M1.86M
15IAGIAMGOLD CORPREVEALEDhistory →COM1.70%$18M2.49M
16DCDAKOTA GOLD CORPREVEALEDhistory →COM1.59%$17M4.64M
17NVSNOVARTIS AG-SPONSORED ADRREVEALEDhistory →SPONSORED ADR1.56%$17M186.1K
18BPBP PLC-SPONS ADRREVEALEDhistory →SPONSORED ADR1.53%$16M730.5K
19UNILEVER PLC-SPONSORED ADRREVEALEDSPON ADR NEW1.48%$16M329.7K
20EQXEQUINOX GOLD CORPREVEALEDhistory →COM1.45%$16M2.75M
21SHELSHELL PLC-ADRREVEALEDhistory →SPON ADS1.42%$15M333.7K
22BNSBANK OF NOVA SCOTIAREVEALEDhistory →COM1.30%$14M354.4K
23TTENTOTALENERGIES SE -SPON ADRREVEALEDhistory →SPONSORED ADS1.24%$13M327.0K
24GSKGSK PLC-SPON ADRREVEALEDhistory →SPONSORED ADR1.22%$13M426.5K
25PMPHILIP MORRIS INTERNATIONALREVEALEDhistory →COM1.17%$13M96.6K
26ABEVAMBEV SA-ADRREVEALEDhistory →SPONSORED ADR1.10%$12M6.31M
27NVONOVO-NORDISK A/S-SPONS ADRREVEALEDhistory →ADR1.04%$11M230.9K
28SPROTT PHYSICAL GOLD AND SILREVEALEDTR UNIT0.88%$9M625.6K
29NTRNUTRIEN LTDREVEALEDCOM0.83%$9M210.8K
30EQNREQUINOR ASA-SPON ADRREVEALEDSPONSORED ADR0.80%$9M537.8K
31IAUXI-80 GOLD CORPREVEALEDCOM0.80%$9M14.32M
32IEIVANHOE ELECTRIC INC / USREVEALEDCOM0.79%$8M963.4K
33TLKTELKOM INDONESIA PERSERO-ADRREVEALEDSPONSORED ADR0.76%$8M735.9K
34SPROTT PHYSICAL SILVER TRUSTREVEALEDTR UNIT0.66%$7M623.2K
35FEMBFIRST TRUST EMERGING MARKETSREVEALEDEME MRK BD ETF0.61%$7M223.0K
36SKMSK TELECOM CO LTD-SPON ADRREVEALEDSPONSORED ADR0.51%$6M243.1K
37BCEBCE INCREVEALEDCOM NEW0.41%$4M247.3K
38IGOVISHARES INTERNATIONAL TREASUREVEALEDINTL TREA BD ETF0.38%$4M93.1K
39AQNALGONQUIN POWER & UTILITIESREVEALEDCOM0.38%$4M709.3K
40BBDBANCO BRADESCO-ADRREVEALEDSP ADR PFD NEW0.34%$4M1.17M
41AUANGLOGOLD ASHANTI PLCREVEALEDCOM SHS0.30%$3M69.6K
42BHPBHP GROUP LTD-SPON ADRREVEALEDSPONSERED ADS0.27%$3M111.1K
43RIORIO TINTO PLC-SPON ADRREVEALEDSPONSORED ADR0.26%$3M92.5K
44BWXSPDR BLOOMBERG INT TREASURYREVEALEDBLOOMBERG INTL T0.24%$3M108.0K
45ITUBITAU UNIBANCO H-SPON PRF ADRREVEALEDSPON ADR REP PFD0.23%$2M357.4K
46INFYINFOSYS LTD-SP ADRREVEALEDSPONSORED ADR0.22%$2M131.1K
47EMXEMX ROYALTY CORPREVEALEDCOM0.18%$2M756.7K
48SPROTT PHYSICAL GOLD TRUSTREVEALEDUNIT0.16%$2M98.1K
49MELIMERCADOLIBRE INCREVEALEDCOM0.14%$2M578
50QUALISHARES MSCI USA QUALITY FACREVEALEDMSCI USA QLT FCT0.12%$1M7.1K
51ACWXISHARES MSCI ACWI EX US ETFREVEALEDMSCI ACWI EX US0.12%$1M21.3K
52IAUISHARES GOLD TRUSTREVEALEDISHARES NEW0.11%$1M18.1K
53VALEVALE SA-SP ADRREVEALEDSPONSORED ADS0.10%$1M130.4K
54DEODIAGEO PLC-SPONSORED ADRREVEALEDSPON ADR NEW0.10%$1M16.6K
55HLNHALEON PLC-ADRREVEALEDSPON ADS0.09%$961,000184.3K
56TSMTAIWAN SEMICONDUCTOR-SP ADRREVEALEDSPONSORED ADS0.09%$912,0005.7K
57GDXVANECK GOLD MINERS ETFREVEALEDGOLD MINERS ETF0.08%$853,00024.8K
58SPYMSPDR PORTFOLIO S&P 500 ETFREVEALEDPORTFOLIO S&P5000.07%$734,00010.1K
59GFIGOLD FIELDS LTD-SPONS ADRREVEALEDSPONSORED ADR0.07%$706,00029.3K
60WRNWESTERN COPPER AND GOLD CORPREVEALEDCOM0.06%$695,000585.3K
61USFRWISDOMTREE FLOATING RATE TREREVEALEDFLOATING RAT TREA0.06%$676,00013.4K
62VWOBVANGUARD EMERG MKTS GOV BNDREVEALEDEM MK GOV BD ETF0.05%$574,0008.8K
63USHYISHARES BROAD USD HIGH YIELDREVEALEDBROAD USD HIGH0.05%$558,00029.8K
64JAAAJANUS HENDERSON AAA CLO ETFREVEALEDHENDRSON AAA CL0.05%$557,00022.0K
65AGIALAMOS GOLD INC-CLASS AREVEALEDCOM CL A0.05%$534,00022.2K
66SAPSAP SE-SPONSORED ADRREVEALEDSPON ADR0.05%$518,0001.7K
67PSKSPDR ICE PREFERRED SECURITIEREVEALEDICE PFD SEC ETF0.05%$507,00031.9K
68ENBENBRIDGE INCREVEALEDCOM0.04%$461,00020.3K
69AGFIRST MAJESTIC SILVER CORPREVEALEDCOM0.04%$457,00082.5K
70EXMOCEXXON MOBIL CORPREVEALEDCOM0.04%$433,0004.2K
71ASRGRUPO AEROPORTUARIO SUR-ADRREVEALEDSPON ADR0.04%$432,0001.3K
72KTKT CORP-SP ADRREVEALEDSPONSORED ADR0.04%$402,00018.7K
73XFRAXBLACKROCK FLTNG RT INC STRATREVEALEDCOM0.03%$371,00056.4K
74HYINWISDOMTREE PRIVATE CREDIT ANREVEALEDALTRNTVE INCM FD0.03%$369,00042.9K
75VODVODAFONE GROUP PLC-SP ADRREVEALEDSPONSORED ADR0.03%$300,00027.8K
76IBMINTL BUSINESS MACHINES CORPREVEALEDCOM0.02%$262,000891
77URAGLOBAL X URANIUM ETFREVEALEDGLOBAL X URANIUM0.02%$245,0006.3K
78ETENERGY TRANSFER LPREVEALEDCOM UT LTD PTN0.02%$239,00026.4K
79IFNINDIA FUND INCREVEALEDCOM0.02%$233,00028.2K
80OHIOMEGA HEALTHCARE INVESTORSREVEALEDCOM0.02%$213,0005.8K
81WITWIPRO LTD-ADRREVEALEDSPON ADR 1 SH0.01%$154,00048.0K
82CXCEMEX SAB-SPONS ADR PART CERREVEALEDSPON ADR NEW0.01%$148,00020.7K
83EXKENDEAVOUR SILVER CORPREVEALEDCOM0.01%$136,00055.0K
84HKDAMTD DIGITAL INC-ADRREVEALEDSPONSORED ADS0.01%$54,000417.8K

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 ↗.