Euro Pacific Asset Management

DORADO, PRfiles as Euro Pacific Asset Management, LLC

$880m in 96 US stocks at the end of 30 June 2026. The top 10 are 49.3% of the money. It changed about 11.1% of the portfolio this quarter.

Value

$880m

Stocks

Top 10 share

49.3%

Turnover

11.1%

What changed this quarter

New

Bought for the first time this quarter.

None this quarter.

Added

Bought more of a stock they already held.

Equinox GoldEQX
2.8% of the fund
+9%
Elemental RoyaltyELE
2.2% of the fund
+14%
Novo Nordisk A SNVO
2.1% of the fund
+27%
Western Copper & GoldWRN
1.4% of the fund
+6%
Orla MNG LTD NewORLA
1.0% of the fund
+12%
AccentureACN
0.9% of the fund
+59%
Joint Stock Co Kaspi.kzKSPI
0.7% of the fund
+243%
BHP Billiton LimitedBHP
0.6% of the fund
+4%
Banco Bradesco S ABBD
0.4% of the fund
+4%
Gold FieldsGFI
0.3% of the fund
+2%
Ishares Silver TRSLV
0.1% of the fund
+10%
EnbridgeENB
<0.1% of the fund
+3%
First Majestic SilverAG
<0.1% of the fund
+71%
Southeast Airport GroupASR
<0.1% of the fund
+3%
Cemex SAB de CVCX
<0.1% of the fund
+3%
Telefonica Brasil SAVIV
<0.1% of the fund
+3%
Global X FDSURA
<0.1% of the fund
+7%
WiproWIT
<0.1% of the fund
+9%

Cut

Sold some of their stake.

Barrick MiningB
6.4% of the fund
-10%
NewmontNEM
1.8% of the fund
-14%
Vaneck Merk Gold ETFOUNZ
1.7% of the fund
-3%
Sprott Asset Management LPCEF
1.5% of the fund
-7%
Kinross GoldKGC
1.4% of the fund
-2%
Equinor ASAEQNR
1.3% of the fund
-3%
ASML Holding NVASML
0.7% of the fund
-8%
International Business MachinesIBM
0.6% of the fund
-9%
Ivanhoe ElectricIE
0.5% of the fund
-5%
First TR Exch Traded FD IIIFEMB
0.4% of the fund
-5%
Ishares TRIGOV
0.2% of the fund
-4%
Wisdomtree TRUSFR
0.2% of the fund
-34%
Spdr Series TrustBWX
0.1% of the fund
-2%
DiageoDEO
<0.1% of the fund
-4%
Spdr Gold TRGLD
<0.1% of the fund
-5%
Buenaventura MiningBVN
<0.1% of the fund
-4%
United MicroelectronicsUMC
<0.1% of the fund
-4%
Rio TintoRIO
<0.1% of the fund
-4%
Vaneck ETF TrustGDX
<0.1% of the fund
-19%
Energy Transfer L PET
<0.1% of the fund
-3%
Ishares Gold TRIAU
<0.1% of the fund
-56%
Mayfair GoldMINE
<0.1% of the fund
-31%
Vodafone GroupVOD
<0.1% of the fund
-2%

Sold out

Sold their entire stake.

None this quarter.

Holdings

Agnico Eagle MinesAEM
Share
6.7%
Value
$59m
Shares
445,665
Held
Barrick MiningB
Share
6.4%
Value
$57m
Shares
1,499,768
-10%
Franco NevadaFNV
Share
6.1%
Value
$54m
Shares
249,158
Held
PAN American SilverPAAS
Share
5.4%
Value
$48m
Shares
1,237,376
Held
Metalla Royalty & StreamingMTA
Share
4.9%
Value
$43m
Shares
5,842,386
Held
British American Tobacco p.l.c.BTI
Share
4.5%
Value
$40m
Shares
649,046
Held
Fortuna MiningFSM
Share
4.4%
Value
$38m
Shares
4,496,366
Held
Royal GoldRGLD
Share
3.7%
Value
$33m
Shares
165,540
Held
OR RoyaltiesOR
Share
3.6%
Value
$32m
Shares
1,029,143
Held
Wheaton Precious MetalsWPM
Share
3.5%
Value
$31m
Shares
294,401
Held
B2goldBTG
Share
3.5%
Value
$31m
Shares
8,148,760
Held
Equinox GoldEQX
Share
2.8%
Value
$25m
Shares
2,504,533
+9%
Triple Flag Precious MetalsTFPM
Share
2.7%
Value
$24m
Shares
516,687
Held
AngloGold AshantiAU
Share
2.6%
Value
$23m
Shares
273,286
Held
IamgoldIAG
Share
2.4%
Value
$21m
Shares
1,276,626
Held
Elemental RoyaltyELE
Share
2.2%
Value
$19m
Shares
1,096,976
+14%
Novo Nordisk A SNVO
Share
2.1%
Value
$18m
Shares
594,135
+27%
NewmontNEM
Share
1.8%
Value
$16m
Shares
298,622
-14%
Dakota GoldDC
Share
1.8%
Value
$16m
Shares
3,539,571
Held
BPBP
Share
1.7%
Value
$15m
Shares
359,263
Held
Vaneck Merk Gold ETFOUNZ
Share
1.7%
Value
$15m
Shares
376,497
-3%
Bank of Nova ScotiaBNS
Share
1.6%
Value
$14m
Shares
169,506
Held
Sprott Asset Management LPCEF
Share
1.5%
Value
$13m
Shares
255,698
-7%
Kinross GoldKGC
Share
1.4%
Value
$12m
Shares
762,026
-2%
Western Copper & GoldWRN
Share
1.4%
Value
$12m
Shares
2,567,670
+6%
Omega Healthcare InvestorsOHI
Share
1.3%
Value
$12m
Shares
5,800
Held
Equinor ASAEQNR
Share
1.3%
Value
$11m
Shares
310,826
-3%
Orla MNG LTD NewORLA
Share
1.0%
Value
$9m
Shares
977,099
+12%
Ambev SAABEV
Share
0.9%
Value
$8m
Shares
2,300,241
Held
AccentureACN
Share
0.9%
Value
$8m
Shares
105,716
+59%
SK TelecomSKM
Share
0.8%
Value
$7m
Shares
223,223
Held
GSKGSK
Share
0.7%
Value
$7m
Shares
206,634
Held
Joint Stock Co Kaspi.kzKSPI
Share
0.7%
Value
$6m
Shares
108,521
+243%
TotalEnergies SETTE
Share
0.7%
Value
$6m
Shares
175,795
Held
Vale S AVALE
Share
0.7%
Value
$6m
Shares
499,617
Held
ASML Holding NVASML
Share
0.7%
Value
$6m
Shares
2,725
-8%
International Business MachinesIBM
Share
0.6%
Value
$6m
Shares
921
-9%
BHP Billiton LimitedBHP
Share
0.6%
Value
$5m
Shares
60,907
+4%
Novartis AGNVS
Share
0.6%
Value
$5m
Shares
41,457
Held
Sprott Asset Management LPPSLV
Share
0.5%
Value
$5m
Shares
284,621
Held
BCEBCE
Share
0.5%
Value
$5m
Shares
207,076
Held
ShellSHEL
Share
0.5%
Value
$4m
Shares
159,744
Held
Algonquin Power & UtilitiesAQN
Share
0.5%
Value
$4m
Shares
703,450
Held
Ivanhoe ElectricIE
Share
0.5%
Value
$4m
Shares
418,938
-5%
Banco Bradesco S ABBD
Share
0.4%
Value
$4m
Shares
1,101,780
+4%
Philip Morris InternationalPM
Share
0.4%
Value
$4m
Shares
45,877
Held
Itau Unibanco Hldg S AITUB
Share
0.4%
Value
$3m
Shares
424,486
Held
First TR Exch Traded FD IIIFEMB
Share
0.4%
Value
$3m
Shares
109,054
-5%
NutrienNTR
Share
0.4%
Value
$3m
Shares
102,302
Held
Grab HoldingsGRAB
Share
0.3%
Value
$3m
Shares
653,429
Held
Nu HoldingsNU
Share
0.3%
Value
$2m
Shares
231,126
Held
UnileverUL
Share
0.3%
Value
$2m
Shares
65,892
Held
Gold FieldsGFI
Share
0.3%
Value
$2m
Shares
66,105
+2%
Ishares TRIGOV
Share
0.2%
Value
$2m
Shares
45,658
-4%
FMCFMC
Share
0.2%
Value
$2m
Shares
159,184
Held
Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKTLK
Share
0.2%
Value
$2m
Shares
380,208
Held
Wisdomtree TRUSFR
Share
0.2%
Value
$2m
Shares
30,471
-34%
HaleonHLN
Share
0.2%
Value
$1m
Shares
86,513
Held
Ishares Silver TRSLV
Share
0.1%
Value
$1m
Shares
5,615
+10%
Spdr Series TrustBWX
Share
0.1%
Value
$1m
Shares
54,586
-2%
Janus Detroit STR TRJAAA
Share
0.1%
Value
$1m
Shares
9,996
Held
InfosysINFY
Share
0.1%
Value
$903,000
Shares
68,229
Held
Taiwan Semiconductor ManufacturingTSM
Share
<0.1%
Value
$825,000
Shares
2,873
Held
EnbridgeENB
Share
<0.1%
Value
$636,000
Shares
11,965
+3%
Sprott Asset Management LPPHYS
Share
<0.1%
Value
$622,000
Shares
46,655
Held
First Majestic SilverAG
Share
<0.1%
Value
$620,000
Shares
58,333
+71%
DiageoDEO
Share
<0.1%
Value
$608,000
Shares
7,195
-4%
Spdr Gold TRGLD
Share
<0.1%
Value
$590,000
Shares
1,310
-5%
Buenaventura MiningBVN
Share
<0.1%
Value
$546,000
Shares
14,987
-4%
MercadoLibreMELI
Share
<0.1%
Value
$515,000
Shares
302
Held
United MicroelectronicsUMC
Share
<0.1%
Value
$500,000
Shares
17,814
-4%
Rio TintoRIO
Share
<0.1%
Value
$415,000
Shares
47,146
-4%
Coeur MiningCDE
Share
<0.1%
Value
$393,000
Shares
19,145
Held
Southeast Airport GroupASR
Share
<0.1%
Value
$390,000
Shares
3,005
+3%
Blackrock Floating Rate IncoXFRAX
Share
<0.1%
Value
$358,000
Shares
31,965
Held
Vaneck ETF TrustGDX
Share
<0.1%
Value
$337,000
Shares
11,655
-19%
Avino Silver & Gold MinesASM
Share
<0.1%
Value
$311,000
Shares
10,000
Held
Endeavour SilverEXK
Share
<0.1%
Value
$296,000
Shares
32,520
Held
Alamos GoldAGI
Share
<0.1%
Value
$287,000
Shares
9,461
Held
Energy Transfer L PET
Share
<0.1%
Value
$279,000
Shares
13,865
-3%
Ishares Gold TRIAU
Share
<0.1%
Value
$255,000
Shares
3,373
-56%
Mayfair GoldMINE
Share
<0.1%
Value
$230,000
Shares
93,600
-31%
Hecla MiningHL
Share
<0.1%
Value
$212,000
Shares
8,698
Held
Vodafone GroupVOD
Share
<0.1%
Value
$207,000
Shares
15,545
-2%
Cemex SAB de CVCX
Share
<0.1%
Value
$167,000
Shares
13,436
+3%
Spdr Series TrustPSK
Share
<0.1%
Value
$154,000
Shares
19,030
Held
Telefonica Brasil SAVIV
Share
<0.1%
Value
$144,000
Shares
10,539
+3%
Sanofi SASNY
Share
<0.1%
Value
$142,000
Shares
45,868
Held
DOWDOW
Share
<0.1%
Value
$133,000
Shares
4,876
Held
Vanguard Whitehall FDSVWOB
Share
<0.1%
Value
$102,000
Shares
10,300
Held
Global X FDSURA
Share
<0.1%
Value
$99,000
Shares
6,780
+7%
WiproWIT
Share
<0.1%
Value
$91,000
Shares
38,895
+9%
Ishares TRUSHY
Share
<0.1%
Value
$68,000
Shares
16,210
Held
i-80 GoldIAUX
Share
<0.1%
Value
$22,000
Shares
66,672
Held
Vizsla SilverVZLA
Share
<0.1%
Value
$22,000
Shares
23,885
Held
Vaneck ETF TrustGDXJ
Share
<0.1%
Value
$18,000
Shares
3,035
Held

Company	Share of fund	Value	Shares	Change
Agnico Eagle MinesAEM	6.7%	$59m	445,665	Held
Barrick MiningB	6.4%	$57m	1,499,768	-10%
Franco NevadaFNV	6.1%	$54m	249,158	Held
PAN American SilverPAAS	5.4%	$48m	1,237,376	Held
Metalla Royalty & StreamingMTA	4.9%	$43m	5,842,386	Held
British American Tobacco p.l.c.BTI	4.5%	$40m	649,046	Held
Fortuna MiningFSM	4.4%	$38m	4,496,366	Held
Royal GoldRGLD	3.7%	$33m	165,540	Held
OR RoyaltiesOR	3.6%	$32m	1,029,143	Held
Wheaton Precious MetalsWPM	3.5%	$31m	294,401	Held
B2goldBTG	3.5%	$31m	8,148,760	Held
Equinox GoldEQX	2.8%	$25m	2,504,533	+9%
Triple Flag Precious MetalsTFPM	2.7%	$24m	516,687	Held
AngloGold AshantiAU	2.6%	$23m	273,286	Held
IamgoldIAG	2.4%	$21m	1,276,626	Held
Elemental RoyaltyELE	2.2%	$19m	1,096,976	+14%
Novo Nordisk A SNVO	2.1%	$18m	594,135	+27%
NewmontNEM	1.8%	$16m	298,622	-14%
Dakota GoldDC	1.8%	$16m	3,539,571	Held
BPBP	1.7%	$15m	359,263	Held
Vaneck Merk Gold ETFOUNZ	1.7%	$15m	376,497	-3%
Bank of Nova ScotiaBNS	1.6%	$14m	169,506	Held
Sprott Asset Management LPCEF	1.5%	$13m	255,698	-7%
Kinross GoldKGC	1.4%	$12m	762,026	-2%
Western Copper & GoldWRN	1.4%	$12m	2,567,670	+6%
Omega Healthcare InvestorsOHI	1.3%	$12m	5,800	Held
Equinor ASAEQNR	1.3%	$11m	310,826	-3%
Orla MNG LTD NewORLA	1.0%	$9m	977,099	+12%
Ambev SAABEV	0.9%	$8m	2,300,241	Held
AccentureACN	0.9%	$8m	105,716	+59%
SK TelecomSKM	0.8%	$7m	223,223	Held
GSKGSK	0.7%	$7m	206,634	Held
Joint Stock Co Kaspi.kzKSPI	0.7%	$6m	108,521	+243%
TotalEnergies SETTE	0.7%	$6m	175,795	Held
Vale S AVALE	0.7%	$6m	499,617	Held
ASML Holding NVASML	0.7%	$6m	2,725	-8%
International Business MachinesIBM	0.6%	$6m	921	-9%
BHP Billiton LimitedBHP	0.6%	$5m	60,907	+4%
Novartis AGNVS	0.6%	$5m	41,457	Held
Sprott Asset Management LPPSLV	0.5%	$5m	284,621	Held
BCEBCE	0.5%	$5m	207,076	Held
ShellSHEL	0.5%	$4m	159,744	Held
Algonquin Power & UtilitiesAQN	0.5%	$4m	703,450	Held
Ivanhoe ElectricIE	0.5%	$4m	418,938	-5%
Banco Bradesco S ABBD	0.4%	$4m	1,101,780	+4%
Philip Morris InternationalPM	0.4%	$4m	45,877	Held
Itau Unibanco Hldg S AITUB	0.4%	$3m	424,486	Held
First TR Exch Traded FD IIIFEMB	0.4%	$3m	109,054	-5%
NutrienNTR	0.4%	$3m	102,302	Held
Grab HoldingsGRAB	0.3%	$3m	653,429	Held
Nu HoldingsNU	0.3%	$2m	231,126	Held
UnileverUL	0.3%	$2m	65,892	Held
Gold FieldsGFI	0.3%	$2m	66,105	+2%
Ishares TRIGOV	0.2%	$2m	45,658	-4%
FMCFMC	0.2%	$2m	159,184	Held
Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKTLK	0.2%	$2m	380,208	Held
Wisdomtree TRUSFR	0.2%	$2m	30,471	-34%
HaleonHLN	0.2%	$1m	86,513	Held
Ishares Silver TRSLV	0.1%	$1m	5,615	+10%
Spdr Series TrustBWX	0.1%	$1m	54,586	-2%
Janus Detroit STR TRJAAA	0.1%	$1m	9,996	Held
InfosysINFY	0.1%	$903,000	68,229	Held
Taiwan Semiconductor ManufacturingTSM	<0.1%	$825,000	2,873	Held
EnbridgeENB	<0.1%	$636,000	11,965	+3%
Sprott Asset Management LPPHYS	<0.1%	$622,000	46,655	Held
First Majestic SilverAG	<0.1%	$620,000	58,333	+71%
DiageoDEO	<0.1%	$608,000	7,195	-4%
Spdr Gold TRGLD	<0.1%	$590,000	1,310	-5%
Buenaventura MiningBVN	<0.1%	$546,000	14,987	-4%
MercadoLibreMELI	<0.1%	$515,000	302	Held
United MicroelectronicsUMC	<0.1%	$500,000	17,814	-4%
Rio TintoRIO	<0.1%	$415,000	47,146	-4%
Coeur MiningCDE	<0.1%	$393,000	19,145	Held
Southeast Airport GroupASR	<0.1%	$390,000	3,005	+3%
Blackrock Floating Rate IncoXFRAX	<0.1%	$358,000	31,965	Held
Vaneck ETF TrustGDX	<0.1%	$337,000	11,655	-19%
Avino Silver & Gold MinesASM	<0.1%	$311,000	10,000	Held
Endeavour SilverEXK	<0.1%	$296,000	32,520	Held
Alamos GoldAGI	<0.1%	$287,000	9,461	Held
Energy Transfer L PET	<0.1%	$279,000	13,865	-3%
Ishares Gold TRIAU	<0.1%	$255,000	3,373	-56%
Mayfair GoldMINE	<0.1%	$230,000	93,600	-31%
Hecla MiningHL	<0.1%	$212,000	8,698	Held
Vodafone GroupVOD	<0.1%	$207,000	15,545	-2%
Cemex SAB de CVCX	<0.1%	$167,000	13,436	+3%
Spdr Series TrustPSK	<0.1%	$154,000	19,030	Held
Telefonica Brasil SAVIV	<0.1%	$144,000	10,539	+3%
Sanofi SASNY	<0.1%	$142,000	45,868	Held
DOWDOW	<0.1%	$133,000	4,876	Held
Vanguard Whitehall FDSVWOB	<0.1%	$102,000	10,300	Held
Global X FDSURA	<0.1%	$99,000	6,780	+7%
WiproWIT	<0.1%	$91,000	38,895	+9%
Ishares TRUSHY	<0.1%	$68,000	16,210	Held
i-80 GoldIAUX	<0.1%	$22,000	66,672	Held
Vizsla SilverVZLA	<0.1%	$22,000	23,885	Held
Vaneck ETF TrustGDXJ	<0.1%	$18,000	3,035	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 17.9% since 30 June 2025.

Where the money is

Materials66.0%

Everyday goods5.0%

Financial services4.6%

Energy3.7%

Technology2.8%

Health care2.6%

Media & telecom1.5%

Real estate1.3%

Industrials0.7%

Utilities0.5%

Other11.3%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.