Euro Pacific Asset Management 13F annual report
Euro Pacific Asset Management is an investment fund managing more than $504 million ran by Michael Quain. There are currently 67 companies in Mr. Quain’s portfolio. The largest investments include Agnico Eagle Mines Ltd and Barrick Gold, together worth $73.7 million.
$504 million Assets Under Management (AUM)
As of 23rd July 2024, Euro Pacific Asset Management’s top holding is 609,738 shares of Agnico Eagle Mines Ltd currently worth over $40 million and making up 7.9% of the portfolio value.
Relative to the number of outstanding shares of Agnico Eagle Mines Ltd, Euro Pacific Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 2,015,178 shares of Barrick Gold worth $33.6 million, whose value grew 17.1% in the past six months.
The third-largest holding is Pan American Silver Corp worth $27.4 million and the next is Franco-Nevada worth $26.7 million, with 225,022 shares owned.
Currently, Euro Pacific Asset Management's portfolio is worth at least $504 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Euro Pacific Asset Management
The Euro Pacific Asset Management office and employees reside in Dorado, Puerto Rico. According to the last 13-F report filed with the SEC, Michael Quain serves as the Chief Compliance Officer at Euro Pacific Asset Management.
Recent trades
In the most recent 13F filing, Euro Pacific Asset Management revealed that it had opened a new position in
Fortuna Mining and bought 4,323,453 shares worth $21.1 million.
This means they effectively own approximately 0.1% of the company.
Fortuna Mining makes up
7.5%
of the fund's Materials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Barrick Gold by buying
32,512 additional shares.
This makes their stake in Barrick Gold total 2,015,178 shares worth $33.6 million.
Barrick Gold dropped approximately 0.1% in the past year.
On the other hand, there are companies that Euro Pacific Asset Management is getting rid of from its portfolio.
Euro Pacific Asset Management closed its position in Fortuna Mining on 30th July 2024.
It sold the previously owned 4,590,002 shares for $17.4 million.
Michael Quain also disclosed a decreased stake in Agnico Eagle Mines Ltd by approximately 0.1%.
This leaves the value of the investment at $40 million and 609,738 shares.
One of the smallest hedge funds
The two most similar investment funds to Euro Pacific Asset Management are Vhcp Management Iii and Pnc Managed Account Solutions. They manage $504 million and $503 million respectively.
Michael Quain investment strategy
Euro Pacific Asset Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Materials — making up 55.7% of
the total portfolio value.
The fund focuses on investments in the Canada as
32.8% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
18% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $22.6 billion.
The complete list of Euro Pacific Asset Management trades based on 13F SEC filings
These positions were updated on July 30th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Agnico Eagle Mines Ltd |
0.69%
609,738
|
$40,022,000 | 7.94% |
| Barrick Gold Corp. |
1.64%
2,015,178
|
$33,628,000 | 6.67% |
| Pan American Silver Corp |
1.66%
1,377,339
|
$27,406,000 | 5.43% |
| Franco-Nevada Corporation |
0.51%
225,022
|
$26,679,000 | 5.29% |
| Fortuna Mining Corp. |
Opened
4,323,453
|
$21,145,000 | 4.19% |
| British American Tob-sp Adr |
2.43%
672,223
|
$20,933,000 | 4.15% |
| Osisko Gold Royalties Ltd |
0.02%
1,172,055
|
$18,251,000 | 3.62% |
| Fortuna Mining Corp. |
Closed
4,590,002
|
$17,385,000 | |
| Wheaton Precious Metals Corp |
2.99%
321,634
|
$16,893,000 | 3.35% |
| Newmont Corp |
8.53%
362,895
|
$15,200,000 | 3.01% |
| Philip Morris International Inc |
1.50%
148,456
|
$15,114,000 | 3.00% |
| Royal Gold, Inc. |
1.32%
119,847
|
$15,022,000 | 2.98% |
| B2gold Corp |
11.59%
5,539,087
|
$14,976,000 | 2.97% |
| Equinox Gold Corp |
23.16%
2,773,612
|
$14,494,000 | 2.87% |
| Unilever Plc-sponsored Adr |
1.16%
260,821
|
$14,428,000 | 2.86% |
| Novo-nordisk A/s-spons Adr |
2.15%
96,362
|
$13,906,000 | 2.76% |
| Bp Plc-spons Adr |
1.26%
379,037
|
$13,710,000 | 2.72% |
| Shell Plc-adr |
2.27%
182,178
|
$13,206,000 | 2.62% |
| Metalla Royalty Streaming |
9.69%
4,418,829
|
$12,203,000 | 2.42% |
| Kinross Gold Corp. |
10.06%
1,453,643
|
$12,110,000 | 2.40% |
| Totalenergies Se -spon Adr |
0.97%
175,509
|
$11,888,000 | 2.36% |
| Bank Of Nova Scotia |
1.13%
239,224
|
$10,933,000 | 2.17% |
| Novartis Ag-sponsored Adr |
0.96%
98,409
|
$10,517,000 | 2.09% |
| I-80 Gold Corp |
26.21%
9,778,427
|
$10,224,000 | 2.03% |
| Iamgold Corp. |
8.99%
2,495,159
|
$9,358,000 | 1.86% |
| Vaneck Merk Gold Trust |
0.83%
400,442
|
$9,073,000 | 1.80% |
| Gsk Plc-spon Adr |
2.88%
221,222
|
$8,547,000 | 1.69% |
| Equinor Asa-spon Adr |
1.02%
284,700
|
$8,143,000 | 1.61% |
| Sprott Physical Gold And Sil |
1.86%
342,753
|
$7,561,000 | 1.50% |
| Ambev Sa-adr |
1.09%
3,348,703
|
$6,895,000 | 1.37% |
| Nutrien Ltd |
0.98%
111,815
|
$5,681,000 | 1.13% |
| Triple Flag Precious Met |
18.55%
341,813
|
$5,298,000 | 1.05% |
| SilverCrest Metals Inc |
2.15%
587,005
|
$4,796,000 | 0.95% |
| AngloGold Ashanti Plc. |
205.18%
137,131
|
$3,448,000 | 0.68% |
| First Trust Emerging Markets |
2.34%
117,125
|
$3,238,000 | 0.64% |
| Banco Bradesco-adr |
0.22%
1,274,337
|
$2,858,000 | 0.57% |
| Cia Cervecerias Uni-spon Adr |
Closed
220,211
|
$2,657,000 | |
| BCE Inc |
1.96%
73,751
|
$2,404,000 | 0.48% |
| Algonquin Power Utilities |
0.66%
363,485
|
$2,138,000 | 0.42% |
| Infosys Ltd-sp Adr |
182.49%
113,520
|
$2,117,000 | 0.42% |
| Sprott Physical Silver Trust |
6.93%
212,229
|
$2,084,000 | 0.41% |
| Ishares International Treasu |
2.52%
48,863
|
$1,924,000 | 0.38% |
| Sk Telecom Co Ltd-spon Adr |
3.15%
75,679
|
$1,587,000 | 0.31% |
| Ivanhoe Electric Inc / Us |
8.35%
131,226
|
$1,245,000 | 0.25% |
| Spdr Bloomberg Int Treasury |
2.70%
56,363
|
$1,233,000 | 0.24% |
| Netease Inc-adr |
0.72%
12,495
|
$1,198,000 | 0.24% |
| EMX Royalty Corp |
43.67%
2,234,546
|
$1,073,000 | 0.21% |
| Diageo Plc-sponsored Adr |
2.45%
8,349
|
$1,066,000 | 0.21% |
| Itau Unibanco H-spon Prf Adr |
0.20%
173,724
|
$1,019,000 | 0.20% |
| Sprott Physical Gold Trust |
0.04%
48,380
|
$850,000 | 0.17% |
| Haleon Plc-adr |
2.79%
98,753
|
$829,000 | 0.16% |
| Dakota Gold Corp |
1.08%
309,432
|
$793,000 | 0.16% |
| Vale Sa-sp Adr |
7.25%
64,887
|
$729,000 | 0.14% |
| Seabridge Gold, Inc. |
Closed
41,119
|
$635,000 | |
| Taiwan Semiconductor-sp Adr |
7.90%
3,374
|
$590,000 | 0.12% |
| MercadoLibre Inc |
2.98%
293
|
$485,000 | 0.10% |
| Wisdomtree Floating Rate Tre |
Opened
9,093
|
$457,000 | 0.09% |
| Sap Se-sponsored Adr |
7.50%
1,876
|
$385,000 | 0.08% |
| Enbridge Inc |
34.11%
9,830
|
$349,000 | 0.07% |
| Rio Tinto Plc-spon Adr |
0.08%
4,839
|
$324,000 | 0.06% |
| Canadian Natl Railway Co |
Closed
2,372
|
$321,000 | |
| Vaneck Gold Miners Etf |
14.22%
9,008
|
$306,000 | 0.06% |
| Exxon Mobil Corp. |
Closed
2,202
|
$257,000 | |
| Gold Fields Ltd-spons Adr |
15.09%
13,849
|
$215,000 | 0.04% |
| First Majestic Silver Corporation |
16.24%
36,030
|
$210,000 | 0.04% |
| Energy Transfer LP |
Opened
12,715
|
$207,000 | 0.04% |
| Alamos Gold Inc. |
94.94%
12,422
|
$196,000 | 0.04% |
| Att Inc |
Closed
10,931
|
$192,000 | |
| Kt Corp-sp Adr |
1.60%
12,887
|
$184,000 | 0.04% |
| Telefonica Brasil-adr |
0.40%
12,409
|
$106,000 | 0.02% |
| Endeavour Silver Corp. |
No change
27,520
|
$96,000 | 0.02% |
| Vista Gold Corp. |
Closed
170,059
|
$96,000 | |
| Wipro Ltd-adr |
8.23%
12,706
|
$80,000 | 0.02% |
| Cemex Sab-spons Adr Part Cer |
1.52%
11,406
|
$75,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 74 holdings | |||
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