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Livermore
Livermore
ZHEN

Euro Pacific Asset Management, LLC

SEC CIK
0001796651
Latest filing
Aug 6, 2026

The latest 13F from Euro Pacific Asset Management, LLC covers Q2 2026 (filed Aug 6, 2026): 96 long positions worth $860.8M. The top 10 holdings make up 50.3% of the portfolio, and the largest is Agnico Eagle Mines Ltd (AEM) at 6.8%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
33
Est. +$19.2M
Reduced
47
Est. −$15.5M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. AEMAgnico Eagle Mines Ltd
    6.8%$59.0MHistory
  2. BBarrick Mining Corp
    6.6%$56.6MHistory
  3. FNVFranco Nevada Corp
    6.2%$53.7MHistory
  4. PAASPan American Silver Corp
    5.5%$47.7MHistory
  5. MTAMetalla Royalty & Streaming Ltd.
    5.0%$42.9MHistory

Share of portfolio

Top 5 holdings and the other 91 positions, by share of portfolio value

  1. AEM6.8%
  2. B6.6%
  3. FNV6.2%
  4. PAAS5.5%
  5. MTA5.0%
  6. Other 91 positions69.8%

Biggest buys

New and added positions, by estimated amount bought

  1. KSPIJoint Stock Co Kaspi.kz
    +$4.55MAddedHistory
  2. NVONovo Nordisk A S
    +$3.87MAddedHistory
  3. ACNAccenture plc
    +$2.81MAddedHistory
  4. ELEElemental Royalty Corp
    +$2.38MAddedHistory
  5. EQXEquinox Gold Corp.
    +$2.10MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MTAMetalla Royalty & Streaming Ltd.
    +1.32 pp3.7% → 5.0%History
  2. WRNWestern Copper & Gold Corp
    +0.79 pp0.6% → 1.4%History
  3. KSPIJoint Stock Co Kaspi.kz
    +0.51 pp0.2% → 0.7%History
  4. ELEElemental Royalty Corp
    +0.44 pp1.8% → 2.3%History
  5. BHPBHP Group Ltd
    +0.29 pp0.3% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BBarrick Mining Corp
    −$6.25MReducedHistory
  2. NEMNEWMONT Corp
    −$2.68MReducedHistory
  3. CEFSprott Physical Gold & Silver Trust
    −$946.9KReducedHistory
  4. WisdomTree Tr97717Y527
    −$795.2KReduced
  5. PAASPan American Silver Corp
    −$593.7KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AEMAgnico Eagle Mines Ltd
    −1.48 pp8.3% → 6.8%History
  2. NEMNEWMONT Corp
    −1.09 pp3.0% → 1.9%History
  3. SHELShell plc
    −0.73 pp1.2% → 0.5%History
  4. PAASPan American Silver Corp
    −0.70 pp6.2% → 5.5%History
  5. KGCKinross Gold Corp
    −0.57 pp2.0% → 1.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$860.8M
−$148.3M (−14.7%) vs. prior quarter
Positions
96
0 vs. prior quarter
Top 10 concentration
50.3%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
16.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.01B (Q1 2026)

Q1 2021: $389.4MQ2 2021: $410.2MQ3 2021: $382.8MQ4 2021: $443.9MQ1 2022: $509.7MQ2 2022: $422.1MQ3 2022: $380.7MQ4 2022: $437.1MQ1 2023: $466.4MQ2 2023: $457.8MQ3 2023: $427.1MQ4 2023: $468.1MQ1 2024: $491.4MQ2 2024: $504.8MQ3 2024: $542.5MQ4 2024: $463.9MQ1 2025: $551.1MQ2 2025: $619.9MQ3 2025: $828.7MQ4 2025: $900.9MQ1 2026: $1.01BQ2 2026: $860.8M
Q1 2021Q2 2026
13F filings of Euro Pacific Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 202696$860.8MAEMBFNVvs. Q1 2026SEC
Q1 2026May 6, 202696$1.01BAEMPAASBvs. Q4 2025SEC
Q4 2025Jan 21, 2026Amended93$900.9MAEMBPAASvs. Q3 2025SEC
Q3 2025Oct 14, 202589$828.7MAEMBPAASvs. Q2 2025SEC
Q2 2025Jul 23, 2025Amended84$619.9MAEMBPAASvs. Q1 2025SEC
Q1 2025May 9, 202579$551.1MAEMBarrick Gold CorpFNVvs. Q4 2024SEC
Q4 2024Jan 21, 202571$463.9MAEMBarrick Gold CorpPAASvs. Q3 2024SEC
Q3 2024Nov 6, 202475$542.5MAEMBarrick Gold CorpPAASvs. Q2 2024SEC
Q2 2024Jul 30, 202468$504.8MAEMBarrick Gold CorpPAASvs. Q1 2024SEC
Q1 2024May 7, 202472$491.4MAEMBarrick Gold CorpFNVvs. Q4 2023SEC
Q4 2023Jan 31, 202468$468.1MBarrick Gold CorpAEMPAASvs. Q3 2023SEC
Q3 2023Nov 6, 202368$427.1MBarrick Gold CorpAEMPAASvs. Q2 2023SEC
Q2 2023Aug 14, 202366$457.8MBarrick Gold CorpAEMBTIvs. Q1 2023SEC
Q1 2023May 12, 202366$466.4MBarrick Gold CorpAEMBTIvs. Q4 2022SEC
Q4 2022Feb 14, 202371$437.1MBarrick Gold CorpAEMBTIvs. Q3 2022SEC
Q3 2022Nov 14, 202260$380.7MBarrick Gold CorpBTIAEMvs. Q2 2022SEC
Q2 2022Aug 15, 202264$422.1MBarrick Gold CorpBTIAEMvs. Q1 2022SEC
Q1 2022May 13, 202262$509.7MBarrick Gold CorpNEMAEMvs. Q4 2021SEC
Q4 2021Feb 14, 202262$443.9MBarrick Gold CorpNEMBTIvs. Q3 2021SEC
Q3 2021Nov 12, 202156$382.8MNEMBarrick Gold CorpBTIvs. Q2 2021SEC
Q2 2021Aug 6, 202148$410.2MNEMBarrick Gold CorpBTIvs. Q1 2021SEC
Q1 2021May 14, 202151$389.4MNEMBarrick Gold CorpFSM–SEC

13D and 13G filings

Companies where Euro Pacific Asset Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Euro Pacific Asset Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
MTAMetalla Royalty & Streaming Ltd.13G/A6.20%5.83M shares0.00 ppfrom 6.20%Feb 8, 202111 filingsSep 10, 2026SEC

Latest filings

17 filings on file made by Euro Pacific Asset Management, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Euro Pacific Asset Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
MTAMetalla Royalty & Streaming Ltd.Sep 10, 20264:06 PM ET13G/A6.20%5.83M shares0.00 ppfrom 6.20%Oct 31, 2025SEC
MTAMetalla Royalty & Streaming Ltd.Sep 8, 20265:19 PM ET13G6.20%5.83M shares–Aug 31, 2026SEC
MTAMetalla Royalty & Streaming Ltd.Jan 8, 202413G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.Jul 10, 202313GOld format–––SEC
VGZVista Gold CorpJan 10, 202313G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.Jan 10, 202313G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.Aug 17, 202213G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.Aug 10, 202213G/AOld format–––SEC
Magna Gold Corp.Aug 10, 202213G/AOld format–––SEC
VGZVista Gold CorpJun 10, 202213GOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.May 10, 202213GOld format–––SEC
Medgold Resources Corp.Jul 8, 202113G/AOld format–––SEC
VGZVista Gold CorpJun 10, 202113G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.May 10, 202113G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.Apr 9, 202113G/AOld format–––SEC
MTAMetalla Royalty & Streaming Ltd.Feb 8, 202113G/AOld format–––SEC
Euro Pacific Asset Management, LLCJan 8, 20213:21 PM ET13G/AOld format–––SEC