SEC 13F Intelligence

Managers / Q3 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
$829M
Q3 2025
Positions
89
Filings on Record
30
2019–present window
Filed
Oct 14, 2025
original filing

Summary

Euro Pacific Asset Management, LLC reported $829M in U.S.-listed holdings across 89 positions for Q3 2025.

Its largest position, AEM, represents 8.9% of the portfolio.

Compared with Q2 2025, the fund opened 7 new positions and exited 2.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+54.9%
share of reported value
Largest Position
+8.9%
Agnico Eagle Mines
New / Exited
7 / 2
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: 77.8%ADR: 17.5%ETP: 3.4%Other: 1.2%Closed-End Fund: 0.1%Other: 0.1%
  • Common Stock · 77.8% · $645M
  • ADR · 17.5% · $145M
  • ETP · 3.4% · $28M
  • Other · 1.2% · $10M
  • Closed-End Fund · 0.1% · $653,000
  • Other · 0.1% · $452,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TFPMTRIPLE FLAG PRECIOUS METNEW+528.4K528.4K+$15M$15M
ORLAORLA MINING LTDNEW+334.4K334.4K+$4M$4M
NUNU HOLDINGS LTD/CAYMAN ISL-ANEW+232.9K232.9K+$4M$4M
GRABGRAB HOLDINGS LTD - CL ANEW+379.7K379.7K+$2M$2M
ASMLASML HOLDING NV-NY REG SHSNEW+438438+$354,000$354,000
GLDSPDR GOLD SHARESNEW+715715+$247,000$247,000
UMCUNITED MICROELECTRON-SP ADRNEW+10.0K10.0K+$80,000$80,000
EXMOCEXXON MOBIL CORPSOLD OUT−4.2K0−$433,000$0

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

Holdings — Q3 2025

89 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAGNICO EAGLE MINES LTDhistory →COM8.93%$74M464.8K
2BBARRICK MINING CORPhistory →COM7.81%$65M2.17M
3PAASPAN AMERICAN SILVER CORPhistory →COM5.95%$49M1.33M
4FNVFRANCO-NEVADA CORPhistory →COM5.89%$49M234.1K
5OROR ROYALTIES INChistory →COM SHS4.88%$40M1.02M
6FSMFORTUNA MINING CORPhistory →COM NEW4.74%$39M4.43M
7BTGB2GOLD CORPhistory →COM4.46%$37M7.54M
8MTAMETALLA ROYALTY & STREAMINGhistory →COM NEW4.31%$36M5.69M
9BTIBRITISH AMERICAN TOB-SP ADRhistory →SPONSORED ADR4.04%$34M660.5K
10NEMNEWMONT CORPhistory →COM3.88%$32M435.7K
11RGLDROYAL GOLD INChistory →COM3.86%$32M160.8K
12WPMWHEATON PRECIOUS METALS CORPhistory →COM3.81%$32M285.7K
13EQXEQUINOX GOLD CORPhistory →COM2.34%$19M1.76M
14IAGIAMGOLD CORPhistory →COM2.30%$19M1.47M
15NVONOVO-NORDISK A/S-SPONS ADRhistory →ADR2.11%$17M278.8K
16KGCKINROSS GOLD CORPhistory →COM2.02%$17M776.4K
17TFPMTRIPLE FLAG PRECIOUS METhistory →COM1.85%$15M528.4K
18OUNZVANECK MERK GOLD ETFhistory →GOLD TRUST1.78%$15M394.5K
19DCDAKOTA GOLD CORPhistory →COM1.47%$12M2.68M
20BPBP PLC-SPONS ADRhistory →SPONSORED ADR1.42%$12M364.1K
21SHELSHELL PLC-ADRhistory →SPON ADS1.41%$12M164.6K
22NVSNOVARTIS AG-SPONSORED ADRhistory →SPONSORED ADR1.38%$11M91.8K
23TTENTOTALENERGIES SE -SPON ADRhistory →SPONSORED ADS1.32%$11M180.7K
24BNSBANK OF NOVA SCOTIAhistory →COM1.26%$10M175.6K
25UNILEVER PLC-SPONSORED ADRSPON ADR NEW1.19%$10M164.2K
26SPROTT PHYSICAL GOLD AND SILTR UNIT1.08%$9M298.6K
27GSKGSK PLC-SPON ADRhistory →SPONSORED ADR1.06%$9M212.0K
28PMPHILIP MORRIS INTERNATIONALCOM0.99%$8M47.4K
29EQNREQUINOR ASA-SPON ADRSPONSORED ADR0.96%$8M319.8K
30AUANGLOGOLD ASHANTI PLCCOM SHS0.93%$8M108.2K
31ABEVAMBEV SA-ADRSPONSORED ADR0.87%$7M3.13M
32TLKTELKOM INDONESIA PERSERO-ADRSPONSORED ADR0.80%$7M378.7K
33NTRNUTRIEN LTDCOM0.74%$6M104.2K
34IEIVANHOE ELECTRIC INC / USCOM0.68%$6M452.1K
35IAUXI-80 GOLD CORPCOM0.60%$5M5.23M
36SPROTT PHYSICAL SILVER TRUSTTR UNIT0.53%$4M287.7K
37ORLAORLA MINING LTDCOM0.43%$4M334.4K
38NUNU HOLDINGS LTD/CAYMAN ISL-AORD SHS CL A0.43%$4M232.9K
39FEMBFIRST TRUST EMERGING MARKETSEME MRK BD ETF0.39%$3M107.0K
40BCEBCE INCCOM NEW0.37%$3M134.4K
41BHPBHP GROUP LTD-SPON ADRSPONSERED ADS0.34%$3M58.3K
42RIORIO TINTO PLC-SPON ADRSPONSORED ADR0.34%$3M47.7K
43SKMSK TELECOM CO LTD-SPON ADRSPONSORED ADR0.32%$3M122.2K
44GRABGRAB HOLDINGS LTD - CL ACLASS A ORD0.27%$2M379.7K
45BBDBANCO BRADESCO-ADRSP ADR PFD NEW0.24%$2M584.3K
46IGOVISHARES INTERNATIONAL TREASUINTL TREA BD ETF0.23%$2M44.6K
47AQNALGONQUIN POWER & UTILITIESCOM0.23%$2M354.7K
48EMXEMX ROYALTY CORPCOM0.22%$2M345.8K
49ITUBITAU UNIBANCO H-SPON PRF ADRSPON ADR REP PFD0.16%$1M179.3K
50SPROTT PHYSICAL GOLD TRUSTUNIT0.15%$1M47.8K
51BWXSPDR BLOOMBERG INT TREASURYBLOOMBERG INTL T0.15%$1M51.8K
52INFYINFOSYS LTD-SP ADRSPONSORED ADR0.13%$1M65.8K
53HLNHALEON PLC-ADRSPON ADS0.11%$942,00090.8K
54DEODIAGEO PLC-SPONSORED ADRSPON ADR NEW0.10%$813,0008.2K
55WRNWESTERN COPPER AND GOLD CORPCOM0.09%$786,000391.3K
56VALEVALE SA-SP ADRSPONSORED ADS0.09%$765,00072.4K
57QUALISHARES MSCI USA QUALITY FACMSCI USA QLT FCT0.09%$762,0003.9K
58ACWXISHARES MSCI ACWI EX US ETFMSCI ACWI EX US0.09%$759,00011.7K
59GDXVANECK GOLD MINERS ETFGOLD MINERS ETF0.09%$741,00012.4K
60MELIMERCADOLIBRE INCCOM0.08%$683,000290
61VWOBVANGUARD EMERG MKTS GOV BNDEM MK GOV BD ETF0.08%$673,00010.3K
62IAUISHARES GOLD TRUSTISHARES NEW0.08%$659,0009.1K
63JAAAJANUS HENDERSON AAA CLO ETFHENDRSON AAA CL0.08%$658,00013.0K
64TSMTAIWAN SEMICONDUCTOR-SP ADRSPONSORED ADS0.08%$654,0002.6K
65ASRGRUPO AEROPORTUARIO SUR-ADRSPON ADR SER B0.08%$645,0002.0K
66USHYISHARES BROAD USD HIGH YIELDBROAD USD HIGH0.07%$608,00016.2K
67PSKSPDR ICE PREFERRED SECURITIEICE PFD SEC ETF0.07%$604,00019.0K
68GFIGOLD FIELDS LTD-SPONS ADRSPONSORED ADR0.07%$581,00013.7K
69USFRWISDOMTREE FLOATING RATE TREFLOATING RAT TREA0.06%$484,0009.6K
70ENBENBRIDGE INCCOM0.06%$461,00010.2K
71XFRAXBLACKROCK FLTNG RT INC STRATCOM0.05%$420,00032.0K
72AGIALAMOS GOLD INC-CLASS ACOM CL A0.05%$374,00011.2K
73HYINWISDOMTREE PRV CRD & ALT INCALTRNTVE INCM FD0.04%$369,00021.4K
74ASMLASML HOLDING NV-NY REG SHSN Y REGISTRY SHS0.04%$354,000438
75AGFIRST MAJESTIC SILVER CORPCOM0.04%$320,00035.4K
76IBMINTL BUSINESS MACHINES CORPCOM0.03%$262,000891
77SPYMSPDR PORTFOLIO S&P 500 ETFPORTFOLIO S&P5000.03%$259,0003.3K
78GLDSPDR GOLD SHARESGOLD SHS0.03%$247,000715
79URAGLOBAL X URANIUM ETFGLOBAL X URANIUM0.03%$245,0006.3K
80ETENERGY TRANSFER LPCOM UT LTD PTN0.03%$239,00013.2K
81IFNINDIA FUND INCCOM0.03%$233,00014.1K
82SAPSAP SE-SPONSORED ADRSPON ADR0.03%$221,000823
83OHIOMEGA HEALTHCARE INVESTORSCOM0.03%$213,0005.8K
84VODVODAFONE GROUP PLC-SP ADRSPONSORED ADR0.02%$157,00013.4K
85EXKENDEAVOUR SILVER CORPCOM0.02%$136,00027.5K
86CXCEMEX SAB-SPONS ADR PART CERSPON ADR NEW0.01%$102,00011.0K
87UMCUNITED MICROELECTRON-SP ADRSPON ADR NEW0.01%$80,00010.0K
88WITWIPRO LTD-ADRSPON ADR 1 SH0.01%$73,00026.3K
89HKDAMTD DIGITAL INC-ADRSPONSORED ADS0.00%$9,00071.0K

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 ↗.