Euro Pacific Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Euro Pacific Asset Management, LLC reported 68 stock positions worth $504.8 million. Its top holding was Agnico Eagle Mines (AEM) at 7.9% of the portfolio, followed by Barrick Gold (B, 6.7%) and Pan American Silver (PAAS, 5.4%). Compared with Q1 2024, it opened 2 new positions, sold out of 6, added to 23 and reduced 42. The biggest buy was Anglogold Ashanti (AU, shares +205%) and the biggest sale Alamos Gold Class A (AGI, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- DORADO, PR
- CIK
- 0001796651
- Portfolio Value
- $504.8M (Q2 2024)
- SEC Filing
- 0001796651-24-000006 ↗ filed Jul 30, 2024
Holdings Value
Holdings 68 stocks · $504.8M
| AEM Agnico Eagle Mines Ltd. | 7.93% | 609,738 | $40.0M | Reduce -0.7% |
| B Barrick Gold Corp. | 6.66% | 2,015,178 | $33.6M | Add +1.6% |
| PAAS Pan American Silver Corp. | 5.43% | 1,377,339 | $27.4M | Reduce -1.7% |
| FNV Franco-Nevada Corp. | 5.29% | 225,022 | $26.7M | Add +0.5% |
| FSM Fortuna Mining Corp. | 4.19% | 4,323,453 | $21.1M | Reduce -5.8% |
| BTI British American Tob-SP ADR | 4.15% | 672,223 | $20.9M | Add +2.4% |
| OR Osisko Gold Royalties Ltd. | 3.62% | 1,172,055 | $18.3M | Reduce -0.0% |
| WPM Wheaton Precious Metals Corp. | 3.35% | 321,634 | $16.9M | Reduce -3.0% |
| NEM Newmont Corp. | 3.01% | 362,895 | $15.2M | Reduce -8.5% |
| PM Philip Morris International | 2.99% | 148,456 | $15.1M | Reduce -1.5% |
| RGLD Royal Gold Inc. | 2.98% | 119,847 | $15.0M | Add +1.3% |
| BTG B2GOLD Corp. | 2.97% | 5,539,087 | $15.0M | Add +11.6% |
| EQX Equinox Gold Corp. | 2.87% | 2,773,612 | $14.5M | Add +23.2% |
| UL Unilever PLC | 2.86% | 260,821 | $14.4M | Reduce -1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.75% | 96,362 | $13.9M | Reduce -2.1% |
| BP BP PLC-Spons ADR | 2.72% | 379,037 | $13.7M | Reduce -1.3% |
| SHEL Shell PLC-ADR | 2.62% | 182,178 | $13.2M | Reduce -2.3% |
| MTA Metalla Royalty & Streaming | 2.42% | 4,418,829 | $12.2M | Add +9.7% |
| KGC Kinross Gold Corp. | 2.40% | 1,453,643 | $12.1M | Reduce -10.1% |
| TTE Totalenergies SE -Spon ADR | 2.35% | 175,509 | $11.9M | Reduce -1.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.17% | 239,224 | $10.9M | Reduce -1.1% |
| NVS Novartis AG-Sponsored ADR | 2.08% | 98,409 | $10.5M | Reduce -1.0% |
| IAUX I-80 Gold Corp. | 2.03% | 9,778,427 | $10.2M | Add +26.2% |
| IAG Iamgold Corp. | 1.85% | 2,495,159 | $9.4M | Reduce -9.0% |
| OUNZ Vaneck Merk Gold ETF | 1.80% | 400,442 | $9.1M | Add +0.8% |
| GSK GSK PLC-Spon ADR | 1.69% | 221,222 | $8.5M | Reduce -2.9% |
| EQNR Equinor ASA-Spon ADR | 1.61% | 284,700 | $8.1M | Reduce -1.0% |
| CEF Sprott Physical Gold and Sil | 1.50% | 342,753 | $7.6M | Reduce -1.9% |
| ABEV Ambev SA-ADR | 1.37% | 3,348,703 | $6.9M | Reduce -1.1% |
| NTR Nutrien Ltd. | 1.13% | 111,815 | $5.7M | Reduce -1.0% |
| TFPM Triple Flag Precious Met | 1.05% | 341,813 | $5.3M | Reduce -18.6% |
| SILV Silvercrest Metals Inc. | 0.95% | 587,005 | $4.8M | Reduce -2.1% |
| AU Anglogold Ashanti PLC | 0.68% | 137,131 | $3.4M | Add +205.2% |
| FEMB First Trust Emerging Markets | 0.64% | 117,125 | $3.2M | Add +2.3% |
| BBD Banco Bradesco-ADR | 0.57% | 1,274,337 | $2.9M | Reduce -0.2% |
| BCE Bce Inc. | 0.48% | 73,751 | $2.4M | Reduce -2.0% |
| AQN Algonquin Power & Utilities | 0.42% | 363,485 | $2.1M | Add +0.7% |
| INFY Infosys Ltd.-SP ADR | 0.42% | 113,520 | $2.1M | Add +182.5% |
| PSLV Sprott Physical Silver Trust | 0.41% | 212,229 | $2.1M | Add +6.9% |
| IGOV iShares International Treasu | 0.38% | 48,863 | $1.9M | Add +2.5% |
| SKM SK Telecom Co. Ltd.-Spon ADR | 0.31% | 75,679 | $1.6M | Reduce -3.1% |
| IE Ivanhoe Electric Inc. / US | 0.25% | 131,226 | $1.2M | Add +8.3% |
| BWX SS SPDR BB Intl Treasury BD | 0.24% | 56,363 | $1.2M | Add +2.7% |
| NTES Netease Inc.-ADR | 0.24% | 12,495 | $1.2M | Reduce -0.7% |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.21% | 2,234,546 | $1.1M | Reduce -43.7% |
| DEO Diageo PLC-Sponsored ADR | 0.21% | 8,349 | $1.1M | Add +2.5% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.20% | 173,724 | $1.0M | Reduce -0.2% |
| PHYS Sprott Physical Gold Trust | 0.17% | 48,380 | $850K | Reduce -0.0% |
| HLN Haleon PLC-ADR | 0.16% | 98,753 | $829K | Reduce -2.8% |
| DC Dakota Gold Corp. | 0.16% | 309,432 | $793K | Reduce -1.1% |
| VALE Vale SA-SP ADR | 0.14% | 64,887 | $729K | Add +7.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 3,374 | $590K | Add +7.9% |
| MELI MercadoLibre Inc. | 0.10% | 293 | $485K | Reduce -3.0% |
| VOD Vodafone Group PLC-SP ADR | 0.09% | 51,864 | $460K | Reduce -10.4% |
| USFR Wisdomtree Floating Rate Tre | 0.09% | 9,093 | $457K | New |
| SAP Sap SE-Sponsored ADR | 0.08% | 1,876 | $385K | Reduce -7.5% |
| ENB Enbridge Inc. | 0.07% | 9,830 | $349K | Add +34.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.06% | 4,839 | $324K | Reduce -0.1% |
| GDX Vaneck Gold Miners ETF | 0.06% | 9,008 | $306K | Reduce -14.2% |
| GFI Gold Fields Ltd.-Spons ADR | 0.04% | 13,849 | $215K | Add +15.1% |
| AG First Majestic Silver Corp. | 0.04% | 36,030 | $210K | Reduce -16.2% |
| ET Energy Transfer LP | 0.04% | 12,715 | $207K | New |
| AGI Alamos Gold Inc. Class A | 0.04% | 12,422 | $196K | Reduce -94.9% |
| KT KT Corp.-SP ADR | 0.04% | 12,887 | $184K | Reduce -1.6% |
| VIV Telefonica Brasil-ADR | 0.02% | 12,409 | $106K | Add +0.4% |
| EXK Endeavour Silver Corp. | 0.02% | 27,520 | $96K | No change |
| WIT Wipro Ltd.-ADR | 0.02% | 12,706 | $80K | Reduce -8.2% |
| CX Cemex Sab-Spons ADR Part Cer | 0.01% | 11,406 | $75K | Reduce -1.5% |
Portfolio Sells Q1 2024 → Q2 2024
| AGI Alamos Gold Inc. Class A | Reduce -94.9% | 0.04% | −0.70 |
| CCU Cia Cervecerias Uni-Spon ADR | Sold out | 0.00% | −0.54 |
| BNS Bank of Nova Scotia | Reduce -1.1% | 2.17% | −0.35 |
| ABEV Ambev SA-ADR | Reduce -1.1% | 1.37% | −0.32 |
| OR Osisko Gold Royalties Ltd. | Reduce -0.0% | 3.62% | −0.30 |
| BP BP PLC-Spons ADR | Reduce -1.3% | 2.72% | −0.28 |
| GSK GSK PLC-Spon ADR | Reduce -2.9% | 1.69% | −0.26 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.0% | 2.35% | −0.25 |
| EMX Emx Royalty Corp. | Reduce -43.7% | 0.21% | −0.23 |
| TFPM Triple Flag Precious Met | Reduce -18.6% | 1.05% | −0.18 |
| BBD Banco Bradesco-ADR | Reduce -0.2% | 0.57% | −0.18 |
| NTR Nutrien Ltd. | Reduce -1.0% | 1.13% | −0.14 |
| SA Seabridge Gold Inc. | Sold out | 0.00% | −0.13 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.07 |
| SHEL Shell PLC-ADR | Reduce -2.3% | 2.62% | −0.06 |
| CEF Sprott Physical Gold and Sil | Reduce -1.9% | 1.50% | −0.06 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.05 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -0.2% | 0.20% | −0.04 |
| T AT&T Inc. | Sold out | 0.00% | −0.04 |
| NEM Newmont Corp. | Reduce -8.5% | 3.01% | −0.04 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Reduce -3.1% | 0.31% | −0.03 |
| BCE Bce Inc. | Reduce -2.0% | 0.48% | −0.03 |
| NTES Netease Inc.-ADR | Reduce -0.7% | 0.24% | −0.03 |
| AG First Majestic Silver Corp. | Reduce -16.2% | 0.04% | −0.02 |
| VGZ Vista Gold Corp. | Sold out | 0.00% | −0.02 |
| VOD Vodafone Group PLC-SP ADR | Reduce -10.4% | 0.09% | −0.02 |
| IAG Iamgold Corp. | Reduce -9.0% | 1.85% | −0.01 |
| EQNR Equinor ASA-Spon ADR | Reduce -1.0% | 1.61% | −0.01 |
| GDX Vaneck Gold Miners ETF | Reduce -14.2% | 0.06% | −0.01 |
| SAP Sap SE-Sponsored ADR | Reduce -7.5% | 0.08% | −0.01 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -1.5% | 0.01% | −0.01 |
| HLN Haleon PLC-ADR | Reduce -2.8% | 0.16% | −0.01 |
| KT KT Corp.-SP ADR | Reduce -1.6% | 0.04% | −0.00 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -0.1% | 0.06% | −0.00 |
| WIT Wipro Ltd.-ADR | Reduce -8.2% | 0.02% | −0.00 |
| MELI MercadoLibre Inc. | Reduce -3.0% | 0.10% | +0.00 |
| DC Dakota Gold Corp. | Reduce -1.1% | 0.16% | +0.00 |
| PHYS Sprott Physical Gold Trust | Reduce -0.0% | 0.17% | +0.03 |
| SILV Silvercrest Metals Inc. | Reduce -2.1% | 0.95% | +0.14 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.0% | 2.08% | +0.14 |
| WPM Wheaton Precious Metals Corp. | Reduce -3.0% | 3.35% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.1% | 2.75% | +0.19 |
| PM Philip Morris International | Reduce -1.5% | 2.99% | +0.20 |
| UL Unilever PLC | Reduce -1.2% | 2.86% | +0.22 |
| KGC Kinross Gold Corp. | Reduce -10.1% | 2.40% | +0.33 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.7% | 7.93% | +0.42 |
| FSM Fortuna Mining Corp. | Reduce -5.8% | 4.19% | +0.65 |
| PAAS Pan American Silver Corp. | Reduce -1.7% | 5.43% | +0.98 |
Portfolio Buys Q1 2024 → Q2 2024
| AU Anglogold Ashanti PLC | Add +205.2% | 0.68% | +0.48 |
| BTG B2GOLD Corp. | Add +11.6% | 2.97% | +0.32 |
| INFY Infosys Ltd.-SP ADR | Add +182.5% | 0.42% | +0.27 |
| BTI British American Tob-SP ADR | Add +2.4% | 4.15% | +0.11 |
| EQX Equinox Gold Corp. | Add +23.2% | 2.87% | +0.11 |
| USFR Wisdomtree Floating Rate Tre | New | 0.09% | +0.09 |
| PSLV Sprott Physical Silver Trust | Add +6.9% | 0.41% | +0.07 |
| OUNZ Vaneck Merk Gold ETF | Add +0.8% | 1.80% | +0.04 |
| RGLD Royal Gold Inc. | Add +1.3% | 2.98% | +0.04 |
| ET Energy Transfer LP | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.9% | 0.12% | +0.03 |
| ENB Enbridge Inc. | Add +34.1% | 0.07% | +0.02 |
| GFI Gold Fields Ltd.-Spons ADR | Add +15.1% | 0.04% | +0.00 |
| IE Ivanhoe Electric Inc. / US | Add +8.3% | 0.25% | +0.00 |
| VIV Telefonica Brasil-ADR | Add +0.4% | 0.02% | −0.01 |
| VALE Vale SA-SP ADR | Add +7.3% | 0.14% | −0.01 |
| BWX SS SPDR BB Intl Treasury BD | Add +2.7% | 0.24% | −0.01 |
| IGOV iShares International Treasu | Add +2.5% | 0.38% | −0.01 |
| FEMB First Trust Emerging Markets | Add +2.3% | 0.64% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Add +2.5% | 0.21% | −0.03 |
| IAUX I-80 Gold Corp. | Add +26.2% | 2.03% | −0.04 |
| AQN Algonquin Power & Utilities | Add +0.7% | 0.42% | −0.04 |
| MTA Metalla Royalty & Streaming | Add +9.7% | 2.42% | −0.14 |
| FNV Franco-Nevada Corp. | Add +0.5% | 5.29% | −0.16 |
| B Barrick Gold Corp. | Add +1.6% | 6.66% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $879.5M | AEM, B, FNV, PAAS, MTA |
| Q1 2026 | 96 | $1.0B | AEM, PAAS, B, FNV, FSM |
| Q4 2025Amended | 93 | $900.9M | AEM, B, PAAS, FNV, MTA |
| Q3 2025 | 89 | $828.7M | AEM, B, PAAS, FNV, OR |
| Q2 2025Amended | 84 | $619.9M | AEM, B, PAAS, FNV, BTI |
| Q1 2025 | 79 | $551.1M | AEM, B, FNV, PAAS, BTI |
| Q4 2024 | 71 | $463.9M | AEM, B, PAAS, FNV, BTI |
| Q3 2024 | 75 | $542.5M | AEM, B, PAAS, FNV, BTI |
| Q2 2024 | 68 | $504.8M | AEM, B, PAAS, FNV, FSM |
| Q1 2024 | 72 | $491.4M | AEM, B, FNV, PAAS, BTI |