Euro Pacific Asset Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Euro Pacific Asset Management, LLC reported 96 stock positions worth $879.5 million. Its top holding was Agnico Eagle Mines (AEM) at 6.7% of the portfolio, followed by Barrick Mining (B, 6.4%) and Franco-Nevada (FNV, 6.1%). Compared with Q1 2026, it added to 33 and reduced 47. The biggest buy was Metalla Royalty & Streaming (MTA, shares +2%) and the biggest sale Agnico Eagle Mines (AEM, shares −0%).

Most Recent 13F
Q2 2026
Location
DORADO, PR
CIK
0001796651
Portfolio Value
$879.5M (Q2 2026)
SEC Filing
0001796651-26-000004 ↗ filed Aug 6, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $491.4M Q1 2024 Q2 2024: $504.8M Q2 2024 Q3 2024: $542.5M Q3 2024 Q4 2024: $463.9M Q4 2024 Q1 2025: $551.1M Q1 2025 Q2 2025: $619.9M Q2 2025 Q3 2025: $828.7M Q3 2025 Q4 2025: $900.9M Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $879.5M $879.5M Q2 2026

Holdings 96 stocks · $879.5M
AEM Agnico Eagle Mines Ltd. 6.70% 445,665 $59.0M Reduce -0.4%
B Barrick Mining Corp. 6.44% 1,499,768 $56.6M Reduce -9.9%
FNV Franco-Nevada Corp. 6.10% 249,158 $53.7M Reduce -0.2%
PAAS Pan American Silver Corp. 5.42% 1,237,376 $47.7M Reduce -1.2%
MTA Metalla Royalty & Streaming 4.88% 5,842,386 $42.9M Add +1.7%
BTI British American Tob-SP ADR 4.51% 649,046 $39.7M Reduce -0.7%
FSM Fortuna Mining Corp. 4.37% 4,496,366 $38.4M Add +0.2%
RGLD Royal Gold Inc. 3.70% 165,540 $32.5M Add +0.1%
OR Or Royalties Inc. 3.59% 1,029,143 $31.6M Add +0.2%
WPM Wheaton Precious Metals Corp. 3.55% 294,401 $31.2M Reduce 0.0%
BTG B2GOLD Corp. 3.50% 8,148,760 $30.8M Add +0.1%
EQX Equinox Gold Corp. 2.82% 2,504,533 $24.8M Add +9.2%
TFPM Triple Flag Precious Met 2.74% 516,687 $24.1M Reduce -0.7%
AU Anglogold Ashanti PLC 2.61% 273,286 $22.9M Add +0.2%
IAG Iamgold Corp. 2.35% 1,276,626 $20.7M Add +0.6%
ELE Elemental Royalty Corp. 2.21% 1,096,976 $19.4M Add +13.9%
NVO Novo-Nordisk A/S-Spons ADR 2.07% 594,135 $18.2M Add +27.1%
NEM Newmont Corp. 1.82% 298,622 $16.0M Reduce -14.3%
DC Dakota Gold Corp. 1.77% 3,539,571 $15.5M Add +0.2%
BP BP PLC-Spons ADR 1.68% 359,263 $14.8M Reduce -0.8%
OUNZ Vaneck Merk Gold ETF 1.65% 376,497 $14.6M Reduce -2.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 1.59% 169,506 $13.9M Reduce -1.3%
CEF Sprott Physical Gold and Sil 1.50% 255,698 $13.2M Reduce -6.7%
KGC Kinross Gold Corp. 1.36% 762,026 $12.0M Reduce -2.3%
WRN Western Copper and Gold Corp. 1.35% 2,567,670 $11.9M Add +6.0%
OHI Omega Healthcare Investors 1.32% 5,800 $11.6M No change
EQNR Equinor ASA-Spon ADR 1.27% 310,826 $11.2M Reduce -2.9%
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 1.01% 977,099 $8.9M Add +11.9%
ABEV Ambev SA-ADR 0.87% 2,300,241 $7.7M Reduce -1.3%
ACN Accenture PLC Class A 0.86% 105,716 $7.5M Add +59.4%
SKM SK Telecom Co. Ltd.-Spon ADR 0.80% 223,223 $7.0M Reduce -0.1%
GSK GSK PLC-Spon ADR 0.75% 206,634 $6.6M Reduce -0.8%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.73% 108,521 $6.4M Add +242.6%
TTE Totalenergies SE 0.72% 175,795 $6.3M Reduce -1.2%
VALE Vale SA-SP ADR 0.67% 499,617 $5.9M Add +0.2%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.65% 2,725 $5.7M Reduce -8.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.63% 921 $5.5M Reduce -8.9%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.58% 60,907 $5.1M Add +3.5%
NVS Novartis AG-Sponsored ADR 0.56% 41,457 $4.9M Reduce -0.3%
PSLV Sprott Physical Silver Trust 0.55% 284,621 $4.8M Reduce -0.3%
BCE Bce Inc. 0.52% 207,076 $4.6M Reduce -0.3%
SHEL Shell PLC-ADR 0.49% 159,744 $4.3M Reduce -1.2%
AQN Algonquin Power & Utilities 0.48% 703,450 $4.2M No change
IE Ivanhoe Electric Inc. / US 0.46% 418,938 $4.0M Reduce -4.8%
BBD Banco Bradesco-ADR 0.44% 1,101,780 $3.9M Add +4.2%
PM Philip Morris International 0.43% 45,877 $3.8M Reduce -1.0%
ITUB Itau Unibanco H-Spon PRF ADR 0.40% 424,486 $3.5M Reduce -0.1%
FEMB First Trust Emerging Markets 0.37% 109,054 $3.2M Reduce -4.5%
NTR Nutrien Ltd. 0.36% 102,302 $3.1M Reduce -0.9%
GRAB Grab Holdings Ltd. Class A 0.32% 653,429 $2.8M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.28% 231,126 $2.5M Reduce -1.1%
UL Unilever PLC-Sponsored ADR 0.28% 65,892 $2.5M Reduce -1.0%
GFI Gold Fields Ltd.-Spons ADR 0.27% 66,105 $2.4M Add +2.5%
IGOV iShares International Treasu 0.21% 45,658 $1.9M Reduce -4.2%
FMC FMC Corp. 0.21% 159,184 $1.8M Add +0.2%
TLK Telkom Indonesia Persero-ADR filed as TELEKOMUNIKASI IND 0.19% 380,208 $1.6M Reduce -0.2%
USFR Wisdomtree Floating Rate Tre 0.17% 30,471 $1.5M Reduce -34.1%
HLN Haleon PLC-ADR 0.15% 86,513 $1.3M Reduce -1.6%
SLV iShares Silver Trust 0.15% 5,615 $1.3M Add +10.2%
BWX SS SPDR BB Intl Treasury BD 0.14% 54,586 $1.2M Reduce -2.4%
JAAA Janus Henderson Aaa Clo ETF 0.13% 9,996 $1.1M No change
INFY Infosys Ltd.-SP ADR 0.10% 68,229 $903K Add +0.9%
TSM Taiwan Semiconductor-SP ADR 0.09% 2,873 $825K Add +1.6%
ENB Enbridge Inc. 0.07% 11,965 $636K Add +3.0%
PHYS Sprott Physical Gold Trust 0.07% 46,655 $622K Add +0.5%
AG First Majestic Silver Corp. 0.07% 58,333 $620K Add +70.7%
DEO Diageo PLC-Sponsored ADR 0.07% 7,195 $608K Reduce -4.0%
GLD SPDR Gold Shares 0.07% 1,310 $590K Reduce -5.0%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.06% 14,987 $546K Reduce -3.5%
MELI MercadoLibre Inc. 0.06% 302 $515K Add +1.0%
UMC United Microelectron-SP ADR 0.06% 17,814 $500K Reduce -4.0%
RIO Rio Tinto PLC-Spon ADR 0.05% 47,146 $415K Reduce -4.2%
CDE Coeur Mining Inc. 0.04% 19,145 $393K No change
ASR Grupo Aeroportuario Sur-ADR 0.04% 3,005 $390K Add +2.8%
XFRAX BlackRock Fltng RT Inc. Strat 0.04% 31,965 $358K No change
GDX Vaneck Gold Miners ETF 0.04% 11,655 $337K Reduce -19.4%
ASM Avino Silver & Gold Mines 0.04% 10,000 $311K No change
EXK Endeavour Silver Corp. 0.03% 32,520 $296K No change
AGI Alamos Gold Inc. Class A 0.03% 9,461 $287K Reduce -0.2%
ET Energy Transfer LP 0.03% 13,865 $279K Reduce -3.5%
IAU iShares Gold Trust 0.03% 3,373 $255K Reduce -56.5%
MINE Mayfair Gold Corp. 0.03% 93,600 $230K Reduce -31.4%
HL Hecla Mining Co. 0.02% 8,698 $212K No change
VOD Vodafone Group PLC-SP ADR 0.02% 15,545 $207K Reduce -2.0%
CX Cemex Sab-Spons ADR Part Cer 0.02% 13,436 $167K Add +2.9%
PSK SS SPDR Ice Pref Sec ETF 0.02% 19,030 $154K No change
VIV Telefonica Brasil-ADR 0.02% 10,539 $144K Add +2.6%
SNY Sanofi-ADR 0.02% 45,868 $142K Add +0.4%
DOW Dow Inc. filed as DOW HLDGS INC 0.02% 4,876 $133K No change
VWOB Vanguard Emerg MKTS Gov BND 0.01% 10,300 $102K No change
URA Global X Uranium ETF 0.01% 6,780 $99K Add +7.5%
WIT Wipro Ltd.-ADR 0.01% 38,895 $91K Add +9.3%
USHY iShares Broad Usd High Yield 0.01% 16,210 $68K No change
IAUX I-80 Gold Corp. 0.00% 66,672 $22K No change
VZLA Vizsla Silver Corp. 0.00% 23,885 $22K No change
GDXJ Vaneck Junior Gold Miners 0.00% 3,035 $18K No change

Portfolio Sells Q1 2026 → Q2 2026
AEM Agnico Eagle Mines Ltd. Reduce -0.4% 6.70% −1.63
NEM Newmont Corp. Reduce -14.3% 1.82% −1.13
PAAS Pan American Silver Corp. Reduce -1.2% 5.42% −0.81
SHEL Shell PLC-ADR Reduce -1.2% 0.49% −0.75
KGC Kinross Gold Corp. Reduce -2.3% 1.36% −0.60
TTE Totalenergies SE Reduce -1.2% 0.72% −0.58
TLK Telkom Indonesia Persero-ADR Reduce -0.2% 0.19% −0.47
PM Philip Morris International Reduce -1.0% 0.43% −0.37
NTR Nutrien Ltd. Reduce -0.9% 0.36% −0.32
GSK GSK PLC-Spon ADR Reduce -0.8% 0.75% −0.25
RIO Rio Tinto PLC-Spon ADR Reduce -4.2% 0.05% −0.25
WPM Wheaton Precious Metals Corp. Reduce 0.0% 3.55% −0.21
UL Unilever PLC-Sponsored ADR Reduce -1.0% 0.28% −0.12
PSLV Sprott Physical Silver Trust Reduce -0.3% 0.55% −0.10
OUNZ Vaneck Merk Gold ETF Reduce -2.6% 1.65% −0.07
IE Ivanhoe Electric Inc. / US Reduce -4.8% 0.46% −0.07
USFR Wisdomtree Floating Rate Tre Reduce -34.1% 0.17% −0.06
GDX Vaneck Gold Miners ETF Reduce -19.4% 0.04% −0.05
NU Nu Holdings Ltd./Cayman Isl-A Reduce -1.1% 0.28% −0.04
IAU iShares Gold Trust Reduce -56.5% 0.03% −0.04
MINE Mayfair Gold Corp. Reduce -31.4% 0.03% −0.02
NVS Novartis AG-Sponsored ADR Reduce -0.3% 0.56% −0.01
AGI Alamos Gold Inc. Class A Reduce -0.2% 0.03% −0.01
BVN Cia DE Minas Buenaventur-ADR Reduce -3.5% 0.06% −0.01
GLD SPDR Gold Shares Reduce -5.0% 0.07% −0.00
VOD Vodafone Group PLC-SP ADR Reduce -2.0% 0.02% −0.00
DEO Diageo PLC-Sponsored ADR Reduce -4.0% 0.07% 0.00
ET Energy Transfer LP Reduce -3.5% 0.03% +0.01
BWX SS SPDR BB Intl Treasury BD Reduce -2.4% 0.14% +0.01
BCE Bce Inc. Reduce -0.3% 0.52% +0.02
IGOV iShares International Treasu Reduce -4.2% 0.21% +0.02
FEMB First Trust Emerging Markets Reduce -4.5% 0.37% +0.04
UMC United Microelectron-SP ADR Reduce -4.0% 0.06% +0.04
ITUB Itau Unibanco H-Spon PRF ADR Reduce -0.1% 0.40% +0.04
HLN Haleon PLC-ADR Reduce -1.6% 0.15% +0.06
SKM SK Telecom Co. Ltd.-Spon ADR Reduce -0.1% 0.80% +0.15
EQNR Equinor ASA-Spon ADR Reduce -2.9% 1.27% +0.26
ABEV Ambev SA-ADR Reduce -1.3% 0.87% +0.26
ASML ASML Holding NV-NY Reg SHS Reduce -8.0% 0.65% +0.29
BP BP PLC-Spons ADR Reduce -0.8% 1.68% +0.30
B Barrick Mining Corp. Reduce -9.9% 6.44% +0.36
FNV Franco-Nevada Corp. Reduce -0.2% 6.10% +0.43
BNS Bank of Nova Scotia Reduce -1.3% 1.59% +0.54
IBM Intl Business Machines Corp. Reduce -8.9% 0.63% +0.60
CEF Sprott Physical Gold and Sil Reduce -6.7% 1.50% +0.68
TFPM Triple Flag Precious Met Reduce -0.7% 2.74% +0.98
BTI British American Tob-SP ADR Reduce -0.7% 4.51% +1.02

Portfolio Buys Q1 2026 → Q2 2026
MTA Metalla Royalty & Streaming Add +1.7% 4.88% +1.21
WRN Western Copper and Gold Corp. Add +6.0% 1.35% +0.76
KSPI JSC Kaspi.kz ADR Add +242.6% 0.73% +0.50
ELE Elemental Royalty Corp. Add +13.9% 2.21% +0.40
BHP BHP Group Ltd.-Spon ADR Add +3.5% 0.58% +0.28
SLV iShares Silver Trust Add +10.2% 0.15% +0.10
BBD Banco Bradesco-ADR Add +4.2% 0.44% +0.05
AG First Majestic Silver Corp. Add +70.7% 0.07% +0.04
ENB Enbridge Inc. Add +3.0% 0.07% +0.02
TSM Taiwan Semiconductor-SP ADR Add +1.6% 0.09% +0.02
FSM Fortuna Mining Corp. Add +0.2% 4.37% +0.02
VALE Vale SA-SP ADR Add +0.2% 0.67% +0.02
INFY Infosys Ltd.-SP ADR Add +0.9% 0.10% +0.01
MELI MercadoLibre Inc. Add +1.0% 0.06% +0.01
CX Cemex Sab-Spons ADR Part Cer Add +2.9% 0.02% +0.00
WIT Wipro Ltd.-ADR Add +9.3% 0.01% +0.00
VIV Telefonica Brasil-ADR Add +2.6% 0.02% −0.00
IAG Iamgold Corp. Add +0.6% 2.35% −0.01
URA Global X Uranium ETF Add +7.5% 0.01% −0.01
DC Dakota Gold Corp. Add +0.2% 1.77% −0.03
GFI Gold Fields Ltd.-Spons ADR Add +2.5% 0.27% −0.04
ASR Grupo Aeroportuario Sur-ADR Add +2.8% 0.04% −0.05
AU Anglogold Ashanti PLC Add +0.2% 2.61% −0.06
PHYS Sprott Physical Gold Trust Add +0.5% 0.07% −0.06
FMC FMC Corp. Add +0.2% 0.21% −0.06
BTG B2GOLD Corp. Add +0.1% 3.50% −0.14
NVO Novo-Nordisk A/S-Spons ADR Add +27.1% 2.07% −0.15
SNY Sanofi-ADR Add +0.4% 0.02% −0.20
OR Or Royalties Inc. Add +0.2% 3.59% −0.23
ORLA Orla Mining Ltd. Add +11.9% 1.01% −0.36
EQX Equinox Gold Corp. Add +9.2% 2.82% −0.41
RGLD Royal Gold Inc. Add +0.1% 3.70% −0.46
ACN Accenture PLC Class A Add +59.4% 0.86% −0.70

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 96$879.5MAEM, B, FNV, PAAS, MTA
Q1 2026 96$1.0BAEM, PAAS, B, FNV, FSM
Q4 2025Amended 93$900.9MAEM, B, PAAS, FNV, MTA
Q3 2025 89$828.7MAEM, B, PAAS, FNV, OR
Q2 2025Amended 84$619.9MAEM, B, PAAS, FNV, BTI
Q1 2025 79$551.1MAEM, B, FNV, PAAS, BTI
Q4 2024 71$463.9MAEM, B, PAAS, FNV, BTI
Q3 2024 75$542.5MAEM, B, PAAS, FNV, BTI
Q2 2024 68$504.8MAEM, B, PAAS, FNV, FSM
Q1 2024 72$491.4MAEM, B, FNV, PAAS, BTI