Sprott Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Sprott Inc. reported 181 stock positions worth $1.5 billion. Its top holding was Sprott Focus Trust (FUND) at 7.2% of the portfolio, followed by Agnico Eagle Mines (AEM, 5.9%) and Sprott (SII, 4.4%). Compared with Q3 2024, it opened 38 new positions, sold out of 2, added to 87 and reduced 44. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +100%) and the biggest sale Gatos Silver (GATO, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001512920
- Portfolio Value
- $1.5B (Q4 2024)
- SEC Filing
- 0001512920-25-000001 ↗ filed Feb 4, 2025
Holdings Value
Holdings 181 stocks · $1.5B
| FUND Sprott Focus Trust Inc. | 7.19% | 14,777,915 | $108.1M | Add +2.3% |
| AEM Agnico Eagle Mines Ltd. | 5.91% | 1,136,240 | $88.9M | Add +2.3% |
| SII Sprott Inc. | 4.38% | 1,561,188 | $65.8M | Add +6.9% |
| SILV Silvercrest Metals Inc. | 4.29% | 7,069,597 | $64.4M | Reduce -13.9% |
| OR Osisko Gold Royalties Ltd. | 4.09% | 3,399,816 | $61.5M | Reduce -1.3% |
| PAAS Pan American Silver Corp. | 3.92% | 2,914,743 | $58.9M | Reduce -0.8% |
| WPM Wheaton Precious Metals Corp. | 3.72% | 993,447 | $55.9M | Add +29.3% |
| AGI Alamos Gold Inc. Class A | 2.85% | 2,320,978 | $42.8M | Reduce -5.3% |
| PHYS Sprott Physical Gold Trust | 2.80% | 2,087,486 | $42.0M | Add +14.9% |
| VZLA Vizsla Silver Corp. | 2.57% | 22,805,466 | $38.7M | Add +17.4% |
| EQX Equinox Gold Corp. | 2.53% | 7,560,059 | $38.0M | Reduce -6.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.40% | 394,009 | $36.0M | Add +99.7% |
| MAG Mag Silver Corp. | 2.40% | 2,649,507 | $36.0M | Add +8.5% |
| GATO Gatos Silver Inc. | 2.33% | 2,501,110 | $35.0M | Reduce -27.4% |
| PPTA Perpetua Resources Corp. | 2.09% | 2,938,871 | $31.4M | Add +5.3% |
| IAG Iamgold Corp. | 1.94% | 5,664,327 | $29.2M | Reduce -8.5% |
| FNV Franco-Nevada Corp. | 1.83% | 234,136 | $27.5M | Add +22.4% |
| XOM Exxon Mobil Corp. | 1.82% | 253,948 | $27.3M | Add +4.7% |
| KGC Kinross Gold Corp. | 1.78% | 2,883,662 | $26.7M | Add +9.9% |
| SAND Sandstorm Gold Ltd. | 1.66% | 4,465,843 | $24.9M | Add +77.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.65% | 54,653 | $24.8M | Reduce -29.7% |
| FHI Federated Hermes Inc. | 1.54% | 564,135 | $23.2M | Reduce -4.2% |
| NUE Nucor Corp. | 1.51% | 194,349 | $22.7M | Add +8.5% |
| NEM Newmont Corp. | 1.36% | 547,345 | $20.4M | Reduce -9.6% |
| HP Helmerich & Payne | 1.26% | 593,069 | $19.0M | Add +1.9% |
| PSLV Sprott Physical Silver Trust | 1.21% | 1,892,049 | $18.3M | Add +35.5% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 1.12% | 196,706 | $16.8M | Add +0.9% |
| CEF Sprott Physical Gold and Sil | 1.09% | 687,712 | $16.3M | Reduce -13.1% |
| APAM Artisan Partners Asset Ma -A | 1.06% | 369,595 | $15.9M | Reduce -1.3% |
| MAC COPPER LTD | 0.93% | 1,314,105 | $14.0M | Reduce -12.4% |
| BKE The Buckle Inc. | 0.81% | 240,000 | $12.2M | Reduce -7.7% |
| TFPM Triple Flag Precious Met | 0.80% | 801,081 | $12.0M | Reduce -11.0% |
| HL Hecla Mining Co. | 0.79% | 2,413,202 | $11.8M | Reduce -14.5% |
| CALM Cal-Maine Foods Inc. | 0.79% | 115,000 | $11.8M | Reduce -20.7% |
| RS Reliance Inc. | 0.74% | 41,560 | $11.2M | Reduce -0.2% |
| STLD Steel Dynamics Inc. | 0.71% | 93,700 | $10.7M | Reduce -5.3% |
| EGO Eldorado Gold Corp. | 0.71% | 713,431 | $10.6M | Reduce -11.2% |
| THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN | 0.69% | 23,318,766 | $10.4M | Reduce -1.6% |
| SKE Skeena Resources Ltd. | 0.64% | 1,109,950 | $9.7M | Add +5.1% |
| CRUS Cirrus Logic Inc. | 0.63% | 94,840 | $9.4M | No change |
| TPL Texas Pacific Land Corp. | 0.59% | 8,080 | $8.9M | Add +26.6% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.58% | 284,340 | $8.7M | No change |
| KW Kennedy-Wilson Holdings Inc. | 0.57% | 858,583 | $8.6M | Reduce -0.1% |
| SLSR Solaris Resources Inc. | 0.56% | 2,727,627 | $8.5M | Add +18.9% |
| IAUX I-80 Gold Corp. | 0.55% | 17,125,261 | $8.2M | Reduce -1.9% |
| RGLD Royal Gold Inc. | 0.52% | 59,713 | $7.9M | Add +29.2% |
| BTG B2GOLD Corp. | 0.50% | 3,081,222 | $7.5M | Add +10.1% |
| WLK Westlake Corp. | 0.50% | 65,000 | $7.5M | No change |
| AAPL Apple Inc. | 0.46% | 27,590 | $6.9M | Add +20.8% |
| SLV iShares Silver Trust | 0.46% | 260,594 | $6.9M | Add +2.5% |
| CDE Coeur Mining Inc. | 0.44% | 1,144,754 | $6.5M | Reduce -62.6% |
| MMI Marcus & Millichap Inc. | 0.43% | 170,000 | $6.5M | No change |
| STR Sitio Royalties Corp. Class A | 0.42% | 329,455 | $6.3M | Add +9.9% |
| ERO Ero Copper Corp. | 0.41% | 455,289 | $6.1M | Add +42.2% |
| EXK Endeavour Silver Corp. | 0.39% | 1,586,302 | $5.8M | Add +23.1% |
| CCJ Cameco Corp. | 0.38% | 111,896 | $5.8M | Add +44.5% |
| FSM Fortuna Mining Corp. | 0.37% | 1,292,796 | $5.5M | Reduce -14.5% |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.35% | 3,014,481 | $5.2M | Add +31.4% |
| VSH Vishay Intertechnology Inc. | 0.34% | 300,000 | $5.1M | No change |
| NG Novagold Resources Inc. | 0.33% | 1,511,197 | $5.0M | Reduce -16.9% |
| THO Thor Industries Inc. | 0.32% | 50,000 | $4.8M | No change |
| SGML Sigma Lithium Corp. | 0.28% | 380,215 | $4.3M | Add +0.0% |
| LB Landbridge Co. LLC-A | 0.28% | 65,232 | $4.2M | Add +35.0% |
| SA Seabridge Gold Inc. | 0.27% | 358,130 | $4.1M | Add +13.0% |
| UEC Uranium Energy Corp. | 0.24% | 541,425 | $3.6M | Add +120.1% |
| AG First Majestic Silver Corp. | 0.24% | 655,445 | $3.6M | Add +26.3% |
| ASA ASA Gold and Precious Metals | 0.22% | 160,183 | $3.2M | New |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 38,200 | $3.0M | No change |
| SVM Silvercorp Metals Inc. | 0.19% | 973,711 | $2.9M | Reduce -7.5% |
| SGDM Sprott Gold Miners ETF | 0.18% | 96,275 | $2.7M | Reduce -46.6% |
| GBTC Grayscale Bitcoin Trust ETF | 0.17% | 35,326 | $2.6M | Add +83.2% |
| GDX Vaneck Gold Miners ETF | 0.17% | 76,594 | $2.6M | Add +577.3% |
| NXE Nexgen Energy Ltd. | 0.17% | 390,498 | $2.6M | Reduce -27.9% |
| LZM Lifezone Metals Ltd. | 0.16% | 351,612 | $2.4M | Add +0.0% |
| RDUS Radius Recycling Inc. Class A | 0.16% | 160,000 | $2.4M | Reduce -46.7% |
| TMQ Trilogy Metals Inc. | 0.16% | 2,094,652 | $2.4M | Add +64.9% |
| OSISKO DEVELOPMENT CORP | 0.16% | 1,466,468 | $2.4M | Add +84.9% |
| SGOV iShares 0-3 Month Treasury B | 0.16% | 23,715 | $2.4M | Add +795.6% |
| NTR Nutrien Ltd. | 0.15% | 51,892 | $2.3M | Add +3.9% |
| DC Dakota Gold Corp. | 0.15% | 1,000,311 | $2.2M | Add +2218.7% |
| AU Anglogold Ashanti PLC | 0.14% | 91,168 | $2.1M | Add +0.7% |
| USAS Americas Gold and Silver Cor | 0.14% | 5,472,102 | $2.1M | New |
| CNL Collective Mining Ltd. | 0.13% | 460,000 | $1.9M | Reduce -72.7% |
| B Barrick Gold Corp. | 0.13% | 121,426 | $1.9M | Add +63.1% |
| NGD New Gold Inc. | 0.12% | 756,023 | $1.9M | Reduce -16.8% |
| MTA Metalla Royalty & Streaming | 0.12% | 730,174 | $1.8M | Add +2927.3% |
| UROY Uranium Royalty Corp. | 0.12% | 834,478 | $1.8M | Add +108.2% |
| LGO Largo Inc. | 0.12% | 1,016,809 | $1.7M | Add +156.8% |
| SND Smart Sand Inc. | 0.11% | 750,000 | $1.7M | No change |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.10% | 281,001 | $1.6M | Add +23.1% |
| ALAB Astera Labs Inc. | 0.10% | 11,600 | $1.5M | No change |
| CTVA Corteva Inc. | 0.10% | 26,707 | $1.5M | Add +0.0% |
| BAM Brookfield Asset Mgmt-A | 0.09% | 25,886 | $1.4M | Add +21.1% |
| FCX Freeport-McMoran Inc. | 0.09% | 36,284 | $1.4M | Add +138.7% |
| SIL Global X Silver Miners ETF | 0.09% | 43,381 | $1.4M | New |
| DNN Denison Mines Corp. | 0.09% | 732,166 | $1.3M | Reduce -41.5% |
| SPPP Sprott Physical Platinum And | 0.08% | 142,607 | $1.3M | Add +68.6% |
| EU Encore Energy Corp. | 0.08% | 370,320 | $1.3M | Add +893.0% |
| ITRG Integra Resources Corp. | 0.08% | 1,411,459 | $1.2M | Add +107.6% |
| TQQQ Proshares Ultrapro QQQ | 0.08% | 15,400 | $1.2M | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($141.5M), ISHARES TR calls ($16.3M), ISHARES TR puts ($13.7M), ISHARES TR calls ($5.1M), VANECK ETF TRUST puts ($680K), AMPLIFY ETF TR puts ($149K), AMPLIFY ETF TR calls ($99K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $626K (not counted above)
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q3 2024 → Q4 2024
| GATO Gatos Silver Inc. | Reduce -27.4% | 2.33% | −1.00 |
| CDE Coeur Mining Inc. | Reduce -62.6% | 0.44% | −0.91 |
| IAUX I-80 Gold Corp. | Reduce -1.9% | 0.55% | −0.75 |
| NEM Newmont Corp. | Reduce -9.6% | 1.36% | −0.72 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -29.7% | 1.65% | −0.64 |
| EQX Equinox Gold Corp. | Reduce -6.0% | 2.53% | −0.61 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -98.3% | 0.01% | −0.59 |
| SILV Silvercrest Metals Inc. | Reduce -13.9% | 4.29% | −0.58 |
| HL Hecla Mining Co. | Reduce -14.5% | 0.79% | −0.42 |
| MAC COPPER LTD | Reduce -12.4% | 0.93% | −0.40 |
| AGI Alamos Gold Inc. Class A | Reduce -5.3% | 2.85% | −0.28 |
| CTGO Contango Silver & Gold Inc. | Reduce -73.9% | 0.04% | −0.25 |
| CNL Collective Mining Ltd. | Reduce -72.7% | 0.13% | −0.22 |
| RDUS Radius Recycling Inc. Class A | Reduce -46.7% | 0.16% | −0.19 |
| EGO Eldorado Gold Corp. | Reduce -11.2% | 0.71% | −0.19 |
| SGDM Sprott Gold Miners ETF | Reduce -46.6% | 0.18% | −0.18 |
| CEF Sprott Physical Gold and Sil | Reduce -13.1% | 1.09% | −0.15 |
| NG Novagold Resources Inc. | Reduce -16.9% | 0.33% | −0.14 |
| THM Intl Tower Hill Mines Ltd. | Reduce -1.6% | 0.69% | −0.14 |
| TFPM Triple Flag Precious Met | Reduce -11.0% | 0.80% | −0.13 |
| IAG Iamgold Corp. | Reduce -8.5% | 1.94% | −0.13 |
| SVM Silvercorp Metals Inc. | Reduce -7.5% | 0.19% | −0.10 |
| STLD Steel Dynamics Inc. | Reduce -5.3% | 0.71% | −0.09 |
| FSM Fortuna Mining Corp. | Reduce -14.5% | 0.37% | −0.08 |
| DNN Denison Mines Corp. | Reduce -41.5% | 0.09% | −0.06 |
| NXE Nexgen Energy Ltd. | Reduce -27.9% | 0.17% | −0.05 |
| NGD New Gold Inc. | Reduce -16.8% | 0.12% | −0.04 |
| KW Kennedy-Wilson Holdings Inc. | Reduce -0.1% | 0.57% | −0.04 |
| ASLE Aersale Corp. | Sold out | 0.00% | −0.03 |
| RS Reliance Inc. | Reduce -0.2% | 0.74% | −0.03 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -27.8% | 0.03% | −0.02 |
| FMC FMC Corp. | Reduce -6.4% | 0.01% | −0.01 |
| SETM Sprott Critical Material ETF | Reduce -1.5% | 0.04% | −0.01 |
| CC The Chemours Co. | Reduce -12.2% | 0.02% | −0.01 |
| GRAYSCALE ETHEREUM MINI TR E | Sold out | 0.00% | −0.00 |
| PAAS Pan American Silver Corp. | Reduce -0.8% | 3.92% | −0.00 |
| DAR Darling Ingredients Inc. | Reduce -3.4% | 0.01% | −0.00 |
| PWR Quanta Services Inc. | Reduce -2.9% | 0.05% | +0.00 |
| CME Cme Group Inc. | Reduce -3.1% | 0.07% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 0.03% | +0.01 |
| OR Osisko Gold Royalties Ltd. | Reduce -1.3% | 4.09% | +0.01 |
| TSLA Tesla Inc. | Reduce -7.2% | 0.06% | +0.02 |
| APAM Artisan Partners Asset Ma -A | Reduce -1.3% | 1.06% | +0.02 |
| BKE The Buckle Inc. | Reduce -7.7% | 0.81% | +0.08 |
| CALM Cal-Maine Foods Inc. | Reduce -20.7% | 0.79% | +0.09 |
| FHI Federated Hermes Inc. | Reduce -4.2% | 1.54% | +0.16 |
Portfolio Buys Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +99.7% | 2.40% | +1.24 |
| WPM Wheaton Precious Metals Corp. | Add +29.3% | 3.72% | +0.72 |
| SAND Sandstorm Gold Ltd. | Add +77.9% | 1.66% | +0.69 |
| PHYS Sprott Physical Gold Trust | Add +14.9% | 2.80% | +0.43 |
| PPTA Perpetua Resources Corp. | Add +5.3% | 2.09% | +0.42 |
| SII Sprott Inc. | Add +6.9% | 4.38% | +0.33 |
| FNV Franco-Nevada Corp. | Add +22.4% | 1.83% | +0.31 |
| PSLV Sprott Physical Silver Trust | Add +35.5% | 1.21% | +0.28 |
| TPL Texas Pacific Land Corp. | Add +26.6% | 0.59% | +0.23 |
| ASA ASA Gold and Precious Metals | New | 0.22% | +0.22 |
| KGC Kinross Gold Corp. | Add +9.9% | 1.78% | +0.21 |
| MAG Mag Silver Corp. | Add +8.5% | 2.40% | +0.20 |
| VZLA Vizsla Silver Corp. | Add +17.4% | 2.57% | +0.19 |
| AEM Agnico Eagle Mines Ltd. | Add +2.3% | 5.91% | +0.18 |
| SLSR Solaris Resources Inc. | Add +18.9% | 0.56% | +0.18 |
| LB Landbridge Co. LLC-A | Add +35.0% | 0.28% | +0.16 |
| CCJ Cameco Corp. | Add +44.5% | 0.38% | +0.15 |
| GDX Vaneck Gold Miners ETF | Add +577.3% | 0.17% | +0.14 |
| UEC Uranium Energy Corp. | Add +120.1% | 0.24% | +0.14 |
| SGOV iShares 0-3 Month Treasury B | Add +795.6% | 0.16% | +0.14 |
| DC Dakota Gold Corp. | Add +2218.7% | 0.15% | +0.14 |
| USAS Americas Gold and Silver Cor | New | 0.14% | +0.14 |
| HP Helmerich & Payne | Add +1.9% | 1.26% | +0.13 |
| TMQ Trilogy Metals Inc. | Add +64.9% | 0.16% | +0.12 |
| AAPL Apple Inc. | Add +20.8% | 0.46% | +0.12 |
| MTA Metalla Royalty & Streaming | Add +2927.3% | 0.12% | +0.12 |
| GBTC Grayscale Bitcoin Trust ETF | Add +83.2% | 0.17% | +0.11 |
| RGLD Royal Gold Inc. | Add +29.2% | 0.52% | +0.11 |
| SIL Global X Silver Miners ETF | New | 0.09% | +0.09 |
| EMX Emx Royalty Corp. | Add +31.4% | 0.35% | +0.09 |
| SSRM SSR Mining Inc. | New | 0.08% | +0.08 |
| EU Encore Energy Corp. | Add +893.0% | 0.08% | +0.07 |
| SKE Skeena Resources Ltd. | Add +5.1% | 0.64% | +0.07 |
| URNM Sprott Uranium Miners ETF | Add +572.9% | 0.08% | +0.07 |
| SGDJ Sprott Jr. Gold Miners ETF | New | 0.07% | +0.07 |
| FUND Sprott Focus Trust Inc. | Add +2.3% | 7.19% | +0.07 |
| LGO Largo Inc. | Add +156.8% | 0.12% | +0.06 |
| EXK Endeavour Silver Corp. | Add +23.1% | 0.39% | +0.06 |
| UROY Uranium Royalty Corp. | Add +108.2% | 0.12% | +0.06 |
| XLE SS Energy Select Sector | New | 0.06% | +0.06 |
| PEO Adams Natural Resources Fund | Add +307.3% | 0.08% | +0.06 |
| PPLT Abrdn Physical Platinum SHRS | Add +338.9% | 0.07% | +0.05 |
| OSISKO DEVELOPMENT CORP | Add +84.9% | 0.16% | +0.05 |
| CF CF Industries Holdings Inc. | Add +0.9% | 1.12% | +0.05 |
| ORLA Orla Mining Ltd. | Add +23.1% | 0.10% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +138.7% | 0.09% | +0.04 |
| AG First Majestic Silver Corp. | Add +26.3% | 0.24% | +0.04 |
| ITRG Integra Resources Corp. | Add +107.6% | 0.08% | +0.04 |
| MP MP Materials Corp. | Add +177.2% | 0.06% | +0.04 |
| SPPP Sprott Physical Platinum And | Add +68.6% | 0.08% | +0.03 |
Options Activity Q3 2024 → Q4 2024
| STATE STR SPDR S&P 500 ETF T | put | Add +37.4% | 241,500 | $141.5M |
| ISHARES TR | call | Add +77.0% | 176,100 | $16.3M |
| ISHARES TR | put | Add +18.8% | 156,800 | $13.7M |
| VANECK ETF TRUST | put | New | 17,300 | $680K |
| AMPLIFY ETF TR | put | New | 15,000 | $149K |
| AMPLIFY ETF TR | call | New | 10,000 | $99K |
| URANIUM ENERGY CORP | put | Sold out | 32,000 | $2Kbefore exit |
| INVESCO QQQ TR | put | Sold out | 10,500 | $442before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | Add +11.2% | 809,686 | $596K |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | Add +294.9% | 42,019 | $21K |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | New | 15,000 | $8K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 246 | $3.0B | SII, FUND, AEM, CDE, BIL |
| Q1 2026 | 223 | $3.3B | SII, FUND, AEM, EQX, CDE |
| Q4 2025 | 201 | $2.8B | SII, EQX, FUND, CDE, AEM |
| Q3 2025 | 190 | $2.7B | CDE, AEM, SII, WPM, FUND |
| Q2 2025 | 192 | $2.0B | AEM, FUND, SII, WPM, OR |
| Q1 2025 | 187 | $1.7B | AEM, FUND, WPM, PAAS, SII |
| Q4 2024 | 181 | $1.5B | FUND, AEM, SII, SILV, OR |
| Q3 2024 | 145 | $1.6B | FUND, AEM, SILV, OR, SII |
| Q2 2024 | 136 | $1.3B | FUND, AEM, SILV, SII, PAAS |
| Q1 2024 | 137 | $1.4B | FUND, AEM, OR, SII, SILV |