Sprott Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Sprott Inc. reported 187 stock positions worth $1.7 billion. Its top holding was Agnico Eagle Mines (AEM) at 6.9% of the portfolio, followed by Sprott Focus Trust (FUND, 6.5%) and Wheaton Precious Metals (WPM, 4.7%). Compared with Q4 2024, it opened 18 new positions, sold out of 12, added to 80 and reduced 52. The biggest buy was Coeur Mining (CDE, shares +889%) and the biggest sale an exit from Silvercrest Metals (SILV).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001512920
- Portfolio Value
- $1.7B (Q1 2025)
- SEC Filing
- 0001512920-25-000003 ↗ filed May 14, 2025
Holdings Value
Holdings 187 stocks · $1.7B
| AEM Agnico Eagle Mines Ltd. | 6.88% | 1,073,416 | $116.3M | Reduce -5.5% |
| FUND Sprott Focus Trust Inc. | 6.54% | 14,932,818 | $110.7M | Add +1.1% |
| WPM Wheaton Precious Metals Corp. | 4.66% | 1,014,954 | $78.9M | Add +2.2% |
| PAAS Pan American Silver Corp. | 4.50% | 2,948,457 | $76.2M | Add +1.2% |
| SII Sprott Inc. | 4.21% | 1,584,688 | $71.1M | Add +1.5% |
| OR Osisko Gold Royalties Ltd. | 4.05% | 3,240,773 | $68.4M | Reduce -4.7% |
| CDE Coeur Mining Inc. | 3.96% | 11,324,856 | $67.0M | Add +889.3% |
| AGI Alamos Gold Inc. Class A | 3.52% | 2,226,069 | $59.5M | Reduce -4.1% |
| VZLA Vizsla Silver Corp. | 3.20% | 23,703,712 | $54.1M | Add +3.9% |
| PHYS Sprott Physical Gold Trust | 2.83% | 1,988,236 | $47.8M | Reduce -4.8% |
| SAND Sandstorm Gold Ltd. | 2.36% | 5,281,973 | $39.9M | Add +18.3% |
| IAG Iamgold Corp. | 2.20% | 5,952,037 | $37.2M | Add +5.1% |
| FNV Franco-Nevada Corp. | 2.20% | 235,998 | $37.2M | Add +0.8% |
| KGC Kinross Gold Corp. | 2.19% | 2,932,567 | $37.0M | Add +1.7% |
| PPTA Perpetua Resources Corp. | 2.15% | 3,395,395 | $36.3M | Add +15.5% |
| MAG Mag Silver Corp. | 2.06% | 2,289,923 | $34.9M | Reduce -13.6% |
| AG First Majestic Silver Corp. | 1.82% | 4,612,904 | $30.9M | Add +603.8% |
| EQX Equinox Gold Corp. | 1.81% | 4,445,158 | $30.6M | Reduce -41.2% |
| XOM Exxon Mobil Corp. | 1.65% | 234,950 | $27.9M | Reduce -7.5% |
| NEM Newmont Corp. | 1.54% | 539,978 | $26.1M | Reduce -1.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.51% | 278,654 | $25.6M | Reduce -29.3% |
| NUE Nucor Corp. | 1.41% | 198,665 | $23.9M | Add +2.2% |
| FHI Federated Hermes Inc. | 1.37% | 567,135 | $23.1M | Add +0.5% |
| PSLV Sprott Physical Silver Trust | 1.31% | 1,914,733 | $22.2M | Add +1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.31% | 41,646 | $22.2M | Reduce -23.8% |
| CEF Sprott Physical Gold and Sil | 1.16% | 687,467 | $19.5M | Reduce -0.0% |
| HP Helmerich & Payne | 1.06% | 684,273 | $17.9M | Add +15.4% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.92% | 198,305 | $15.5M | Add +0.8% |
| TFPM Triple Flag Precious Met | 0.89% | 787,094 | $15.1M | Reduce -1.8% |
| EGO Eldorado Gold Corp. | 0.86% | 861,647 | $14.5M | Add +20.8% |
| APAM Artisan Partners Asset Ma -A | 0.85% | 369,595 | $14.5M | No change |
| THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN | 0.82% | 21,614,267 | $13.8M | Reduce -7.3% |
| MAC COPPER LTD | 0.72% | 1,269,599 | $12.1M | Reduce -3.4% |
| RS Reliance Inc. | 0.71% | 41,560 | $12.0M | No change |
| CALM Cal-Maine Foods Inc. | 0.71% | 131,800 | $12.0M | Add +14.6% |
| STLD Steel Dynamics Inc. | 0.69% | 93,700 | $11.7M | No change |
| HL Hecla Mining Co. | 0.69% | 2,107,582 | $11.7M | Reduce -12.7% |
| IAUX I-80 Gold Corp. | 0.69% | 19,700,922 | $11.6M | Add +15.0% |
| AU Anglogold Ashanti PLC | 0.67% | 303,509 | $11.3M | Add +232.9% |
| TPL Texas Pacific Land Corp. | 0.65% | 8,261 | $10.9M | Add +2.2% |
| SKE Skeena Resources Ltd. | 0.64% | 1,076,366 | $10.9M | Reduce -3.0% |
| RGLD Royal Gold Inc. | 0.64% | 65,833 | $10.8M | Add +10.3% |
| CRUS Cirrus Logic Inc. | 0.56% | 94,840 | $9.5M | No change |
| SLSR Solaris Resources Inc. | 0.56% | 2,782,579 | $9.4M | Add +2.0% |
| EXK Endeavour Silver Corp. | 0.55% | 2,171,492 | $9.3M | Add +36.9% |
| BKE The Buckle Inc. | 0.54% | 240,000 | $9.2M | No change |
| ERO Ero Copper Corp. | 0.54% | 748,185 | $9.1M | Add +64.3% |
| WLK Westlake Corp. | 0.53% | 90,000 | $9.0M | Add +38.5% |
| ASA ASA Gold and Precious Metals | 0.50% | 280,183 | $8.4M | Add +74.9% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.48% | 284,340 | $8.1M | No change |
| KW Kennedy-Wilson Holdings Inc. | 0.44% | 861,660 | $7.5M | Add +0.4% |
| SLV iShares Silver Trust | 0.44% | 240,484 | $7.5M | Reduce -7.7% |
| STR Sitio Royalties Corp. Class A | 0.41% | 352,992 | $7.0M | Add +7.1% |
| MMI Marcus & Millichap Inc. | 0.35% | 174,000 | $6.0M | Add +2.4% |
| THO Thor Industries Inc. | 0.34% | 75,000 | $5.7M | Add +50.0% |
| SVM Silvercorp Metals Inc. | 0.31% | 1,354,657 | $5.2M | Add +39.1% |
| GDX Vaneck Gold Miners ETF | 0.31% | 112,947 | $5.2M | Add +47.5% |
| FSM Fortuna Mining Corp. | 0.30% | 845,710 | $5.2M | Reduce -34.6% |
| VSH Vishay Intertechnology Inc. | 0.28% | 300,000 | $4.8M | No change |
| CCJ Cameco Corp. | 0.28% | 113,082 | $4.7M | Add +1.1% |
| LB Landbridge Co. LLC-A | 0.27% | 64,213 | $4.6M | Reduce -1.6% |
| GBUG Sprott Active Gold & Silver | 0.25% | 195,440 | $4.2M | New |
| AAPL Apple Inc. | 0.23% | 17,770 | $3.9M | Reduce -35.6% |
| SSRM SSR Mining Inc. | 0.23% | 384,034 | $3.9M | Add +136.3% |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.22% | 1,828,339 | $3.7M | Reduce -39.4% |
| SGML Sigma Lithium Corp. | 0.22% | 357,677 | $3.7M | Reduce -5.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 45,300 | $3.6M | Add +18.6% |
| BTG B2GOLD Corp. | 0.19% | 1,155,774 | $3.3M | Reduce -62.5% |
| USAS Americas Gold and Silver Cor | 0.18% | 5,757,602 | $3.1M | Add +5.2% |
| SIL Global X Silver Miners ETF | 0.18% | 77,551 | $3.1M | Add +78.8% |
| TMQ Trilogy Metals Inc. | 0.17% | 1,888,777 | $2.9M | Reduce -9.8% |
| NGD New Gold Inc. | 0.17% | 764,879 | $2.8M | Add +1.2% |
| GDXJ Vaneck Junior Gold Miners | 0.16% | 48,555 | $2.8M | New |
| NTR Nutrien Ltd. | 0.16% | 55,731 | $2.8M | Add +7.4% |
| SGOV iShares 0-3 Month Treasury B | 0.16% | 26,934 | $2.7M | Add +13.6% |
| UEC Uranium Energy Corp. | 0.16% | 556,784 | $2.7M | Add +2.8% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.16% | 280,876 | $2.6M | Reduce -0.0% |
| CNL Collective Mining Ltd. | 0.15% | 297,070 | $2.6M | Reduce -35.4% |
| DC Dakota Gold Corp. | 0.15% | 973,337 | $2.6M | Reduce -2.7% |
| GBTC Grayscale Bitcoin Trust ETF | 0.15% | 38,290 | $2.5M | Add +8.4% |
| B Barrick Gold Corp. | 0.14% | 124,252 | $2.4M | Add +2.3% |
| SA Seabridge Gold Inc. | 0.13% | 183,863 | $2.1M | Reduce -48.7% |
| MTA Metalla Royalty & Streaming | 0.12% | 724,299 | $2.1M | Reduce -0.8% |
| LZM Lifezone Metals Ltd. | 0.12% | 492,347 | $2.1M | Add +40.0% |
| SND Smart Sand Inc. | 0.11% | 750,000 | $1.9M | No change |
| NXE Nexgen Energy Ltd. | 0.11% | 404,848 | $1.8M | Add +3.7% |
| CTVA Corteva Inc. | 0.11% | 28,433 | $1.8M | Add +6.5% |
| LGO Largo Inc. | 0.10% | 1,072,056 | $1.7M | Add +5.4% |
| MP MP Materials Corp. | 0.09% | 65,709 | $1.6M | Add +11.6% |
| BAM Brookfield Asset Mgmt-A | 0.08% | 28,891 | $1.4M | Add +11.6% |
| FCX Freeport-McMoran Inc. | 0.08% | 36,192 | $1.4M | Reduce -0.3% |
| NEWP New Pacific Metals Corp. | 0.08% | 1,220,816 | $1.3M | Add +20.6% |
| UROY Uranium Royalty Corp. | 0.08% | 762,228 | $1.3M | Reduce -8.7% |
| PEO Adams Natural Resources Fund | 0.08% | 58,226 | $1.3M | Add +10.9% |
| LNG Cheniere Energy Inc. | 0.08% | 5,734 | $1.3M | Add +8.3% |
| SGDJ Sprott Jr. Gold Miners ETF | 0.08% | 29,922 | $1.3M | Reduce -1.0% |
| SGDM Sprott Gold Miners ETF | 0.07% | 32,170 | $1.2M | Reduce -66.6% |
| CME Cme Group Inc. | 0.07% | 4,468 | $1.2M | Add +4.8% |
| SILJ Amplify Junior Silver Miners | 0.07% | 96,451 | $1.2M | Add +297.7% |
| SPPP Sprott Physical Platinum And | 0.07% | 114,737 | $1.1M | Reduce -19.5% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($116.8M), ISHARES TR calls ($18.1M), ISHARES SILVER TR calls ($11.3M), ISHARES TR calls ($5.1M), ISHARES TR puts ($1.3M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $405K (not counted above)
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q4 2024 → Q1 2025
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −4.29 |
| GATO Gatos Silver Inc. | Sold out | 0.00% | −2.33 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -29.3% | 1.51% | −0.88 |
| EQX Equinox Gold Corp. | Reduce -41.2% | 1.81% | −0.72 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -23.8% | 1.31% | −0.34 |
| NG Novagold Resources Inc. | Reduce -99.3% | 0.00% | −0.33 |
| MAG Mag Silver Corp. | Reduce -13.6% | 2.06% | −0.33 |
| BTG B2GOLD Corp. | Reduce -62.5% | 0.19% | −0.31 |
| AAPL Apple Inc. | Reduce -35.6% | 0.23% | −0.23 |
| MAC COPPER LTD | Reduce -3.4% | 0.72% | −0.21 |
| XOM Exxon Mobil Corp. | Reduce -7.5% | 1.65% | −0.16 |
| RDUS Radius Recycling Inc. Class A | Sold out | 0.00% | −0.16 |
| SA Seabridge Gold Inc. | Reduce -48.7% | 0.13% | −0.14 |
| EMX Emx Royalty Corp. | Reduce -39.4% | 0.22% | −0.13 |
| SGDM Sprott Gold Miners ETF | Reduce -66.6% | 0.07% | −0.11 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.10 |
| OSISKO DEVELOPMENT CORP | Reduce -51.9% | 0.06% | −0.10 |
| HL Hecla Mining Co. | Reduce -12.7% | 0.69% | −0.10 |
| FSM Fortuna Mining Corp. | Reduce -34.6% | 0.30% | −0.06 |
| SGML Sigma Lithium Corp. | Reduce -5.9% | 0.22% | −0.06 |
| EU Encore Energy Corp. | Reduce -30.4% | 0.02% | −0.06 |
| OR Osisko Gold Royalties Ltd. | Reduce -4.7% | 4.05% | −0.05 |
| ITRG Integra Resources Corp. | Reduce -64.5% | 0.04% | −0.04 |
| UROY Uranium Royalty Corp. | Reduce -8.7% | 0.08% | −0.04 |
| CTGO Contango Silver & Gold Inc. | Sold out | 0.00% | −0.04 |
| LAR Lithium Americas Argentina C | Sold out | 0.00% | −0.04 |
| ETHE Grayscale Ethereum Staking E | Reduce -21.4% | 0.02% | −0.03 |
| FURY Fury Gold Mines Ltd. | Reduce -92.5% | 0.00% | −0.02 |
| PZG Paramount Gold Nevada Corp. | Reduce -44.4% | 0.02% | −0.02 |
| BTU Peabody Energy Corp. | Sold out | 0.00% | −0.02 |
| SPPP Sprott Physical Platinum And | Reduce -19.5% | 0.07% | −0.02 |
| SLV iShares Silver Trust | Reduce -7.7% | 0.44% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -11.6% | 0.06% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -0.3% | 0.08% | −0.01 |
| SETM Sprott Critical Material ETF | Reduce -9.4% | 0.03% | −0.01 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -12.6% | 0.03% | −0.01 |
| LB Landbridge Co. LLC-A | Reduce -1.6% | 0.27% | −0.01 |
| BTC Grayscale Bitcoin Mini ETF | Reduce -6.3% | 0.01% | −0.01 |
| SLB SLB Ltd. | Reduce -23.1% | 0.01% | −0.00 |
| PPLT Abrdn Physical Platinum SHRS | Reduce -3.6% | 0.07% | −0.00 |
| CACI Caci International Inc. Class A | Reduce -1.6% | 0.01% | −0.00 |
| WRN Western Copper and Gold Corp. | Sold out | 0.00% | −0.00 |
| GROY Gold Royalty Corp. | Reduce -11.9% | 0.03% | −0.00 |
| SKE Skeena Resources Ltd. | Reduce -3.0% | 0.64% | −0.00 |
| LODE Comstock Inc. | Sold out | 0.00% | −0.00 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Reduce -34.0% | 0.00% | −0.00 |
| INVESCO QQQ TR | Sold out | 0.00% | 0.00 |
| URANIUM ENERGY CORP | Sold out | 0.00% | 0.00 |
| MTA Metalla Royalty & Streaming | Reduce -0.8% | 0.12% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| CDE Coeur Mining Inc. | Add +889.3% | 3.96% | +3.52 |
| AG First Majestic Silver Corp. | Add +603.8% | 1.82% | +1.59 |
| WPM Wheaton Precious Metals Corp. | Add +2.2% | 4.66% | +0.94 |
| SAND Sandstorm Gold Ltd. | Add +18.3% | 2.36% | +0.70 |
| VZLA Vizsla Silver Corp. | Add +3.9% | 3.20% | +0.63 |
| PAAS Pan American Silver Corp. | Add +1.2% | 4.50% | +0.58 |
| AU Anglogold Ashanti PLC | Add +232.9% | 0.67% | +0.53 |
| KGC Kinross Gold Corp. | Add +1.7% | 2.19% | +0.41 |
| FNV Franco-Nevada Corp. | Add +0.8% | 2.20% | +0.37 |
| ASA ASA Gold and Precious Metals | Add +74.9% | 0.50% | +0.28 |
| IAG Iamgold Corp. | Add +5.1% | 2.20% | +0.26 |
| GBUG Sprott Active Gold & Silver | New | 0.25% | +0.25 |
| GDXJ Vaneck Junior Gold Miners | New | 0.16% | +0.16 |
| EXK Endeavour Silver Corp. | Add +36.9% | 0.55% | +0.16 |
| SSRM SSR Mining Inc. | Add +136.3% | 0.23% | +0.15 |
| EGO Eldorado Gold Corp. | Add +20.8% | 0.86% | +0.15 |
| IAUX I-80 Gold Corp. | Add +15.0% | 0.69% | +0.14 |
| GDX Vaneck Gold Miners ETF | Add +47.5% | 0.31% | +0.13 |
| ERO Ero Copper Corp. | Add +64.3% | 0.54% | +0.13 |
| SVM Silvercorp Metals Inc. | Add +39.1% | 0.31% | +0.11 |
| RGLD Royal Gold Inc. | Add +10.3% | 0.64% | +0.11 |
| PSLV Sprott Physical Silver Trust | Add +1.2% | 1.31% | +0.10 |
| SIL Global X Silver Miners ETF | Add +78.8% | 0.18% | +0.09 |
| PPTA Perpetua Resources Corp. | Add +15.5% | 2.15% | +0.06 |
| MKL Markel Group Inc. | New | 0.05% | +0.05 |
| SILJ Amplify Junior Silver Miners | Add +297.7% | 0.07% | +0.05 |
| TPL Texas Pacific Land Corp. | Add +2.2% | 0.65% | +0.05 |
| NFGC New Found Gold Corp. | Add +817.7% | 0.06% | +0.05 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.05% | +0.05 |
| STNG Scorpio Tankers Inc. | New | 0.04% | +0.04 |
| NGD New Gold Inc. | Add +1.2% | 0.17% | +0.04 |
| USAS Americas Gold and Silver Cor | Add +5.2% | 0.18% | +0.04 |
| WLK Westlake Corp. | Add +38.5% | 0.53% | +0.04 |
| MP MP Materials Corp. | Add +11.6% | 0.09% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.03% | +0.03 |
| EXP Eagle Materials Inc. | Add +123.0% | 0.05% | +0.02 |
| IFF Intl Flavors & Fragrances | New | 0.02% | +0.02 |
| WM Waste Management Inc. | New | 0.02% | +0.02 |
| THO Thor Industries Inc. | Add +50.0% | 0.34% | +0.02 |
| B Barrick Gold Corp. | Add +2.3% | 0.14% | +0.02 |
| INSW International Seaways Inc. | New | 0.02% | +0.02 |
| VGK Vanguard Ftse Europe ETF | New | 0.02% | +0.02 |
| NVR NVR Inc. | Add +121.4% | 0.04% | +0.02 |
| VNOM Viper Energy Inc. | New | 0.02% | +0.02 |
| BRO Brown & Brown Inc. | New | 0.01% | +0.01 |
| DVN Devon Energy Corp. | New | 0.01% | +0.01 |
| ASM Avino Silver & Gold Mines | Add +4.2% | 0.03% | +0.01 |
| ICE Intercontinental Exchange Inc. | Add +40.8% | 0.04% | +0.01 |
| RSG Republic Services Inc. | New | 0.01% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +18.6% | 0.21% | +0.01 |
Options Activity Q4 2024 → Q1 2025
| STATE STR SPDR S&P 500 ETF T | put | Reduce -7.0% | 224,500 | $116.8M |
| ISHARES TR | call | Add +9.1% | 192,100 | $18.1M |
| ISHARES SILVER TR | call | New | 404,000 | $11.3M |
| ISHARES TR | put | Reduce -90.4% | 15,000 | $1.3M |
| VANECK ETF TRUST | put | Sold out | 17,300 | $680Kbefore exit |
| AMPLIFY ETF TR | put | Sold out | 15,000 | $149Kbefore exit |
| AMPLIFY ETF TR | call | Sold out | 10,000 | $99Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | Add +0.3% | 812,524 | $374K |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | Reduce -19.3% | 33,903 | $25K |
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 |