Euro Pacific Asset Management, LLC
Sector Allocation
- Materials67.2%$821.1M
- Financials10.0%$121.7M
- Energy5.6%$68.6M
- Consumer Staples5.0%$61.3M
- Healthcare3.9%$48.0M
- Technology2.8%$34.4M
- Communication Services2.5%$30.9M
- Industrials1.6%$19.4M
- Other0.8%$10.3M
- Utilities0.3%$4.0M
AUM History
13fpro.ai/research/fund/euro-pacific-asset-management-llc-1796651
Conviction and streaks
Stable · top 10 = 49.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
AEM
$90.2MB
$66.9MFNV
$66.4MPAAS
$64.1MMTA
$61.1MNEM
$58.1MFSM
$54.3MEQX
$53.8MBTG
$46.6MRGLD
$45.6MWPM
$44.5MBTI
$40.3MOR
$38.9MAU
$32.0MIAG
$27.5MNVO
$27.2MELE
$26.3MKGC
$24.8MACN
$22.3MDC
$21.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/euro-pacific-asset-management-llc-1796651
Euro Pacific Asset Management, LLC 13F holdings — Q3 2026
$1.2B portfolio (+39.0% QoQ) · 108 holdings · Q3 2026 13F · top 10 are 50% of the stock portfolio
$90.2M
7.4% of stocks
-0.3%This quarter-5.3%Since filed3+ qtrsHeld$66.9M
5.5% of stocks
-0.7%This quarter-5.6%Since filed3+ qtrsHeld$66.4M
5.4% of stocks
+1%This quarter-5.4%Since filed3+ qtrsHeld$64.1M
5.3% of stocks
-0.1%This quarter-9.4%Since filed3+ qtrsHeld$61.1M
5.0% of stocks
-0.2%This quarter-11.5%Since filed3+ qtrsHeld$58.1M
4.8% of stocks
+53%This quarter-4.5%Since filed3+ qtrsHeld$54.3M
4.4% of stocks
-0.2%This quarter-12.1%Since filed3+ qtrsHeld$53.8M
4.4% of stocks
+67%This quarter-7.4%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$46.6M
3.8% of stocks
+4%This quarter-7.7%Since filed3+ qtrsHeld$45.6M
3.7% of stocks
+5%This quarter+0.3%Since filed3+ qtrsHeld
All holdings — Euro Pacific Asset Management, LLC (Q3 2026)
108 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Wheaton Precious Metals Corp. | Materials | $44.5M | 3.6% | 294K | -0.0% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | British American Tobacco p.l.c.adr | Consumer Staples | $40.3M | 3.3% | 722K | +11% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | OR Royalties Inc. | Materials | $38.9M | 3.2% | 1.05M | +2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | AngloGold Ashanti PLC | Materials | $32.0M | 2.6% | 285K | +4% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | IAMGOLD CORP | Materials | $27.5M | 2.3% | 1.34M | +5% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | NOVO NORDISK A Sadr | Healthcare | $27.2M | 2.2% | 593K | -0.2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Elemental Royalty Corp | Materials | $26.3M | 2.1% | 1.15M | +5% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | KINROSS GOLD CORP | Materials | $24.8M | 2.0% | 806K | +6% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Accenture plc | Technology | $22.3M | 1.8% | 117K | +11% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Dakota Gold Corp. | Materials | $21.5M | 1.8% | 3.54M | -0.0% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | EQUINOR ASAadr | Energy | $17.8M | 1.4% | 414K | +33% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Triple Flag Precious Metals Corp. | Financials | $17.4M | 1.4% | 515K | -0.3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | VanEck Merk Gold ETFetf/fund | Financials | $16.0M | 1.3% | 374K | -0.7% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | TotalEnergies SE | Energy | $15.7M | 1.3% | 175K | -0.6% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | BP PLCadr | Energy | $15.5M | 1.3% | 358K | -0.3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $SHEL | Shell plc | Energy | $14.7M | 1.2% | 158K | -1% | |||
| 27 | $KSPI | Joint Stock Co Kaspi.kz | Industrials | $13.4M | 1.1% | 126K | +16% | |||
| 28 | $BNS | BANK OF NOVA SCOTIA | Financials | $12.0M | 1.0% | 129K | -24% | |||
| 29 | $VOD | VODAFONE GROUP PUBLIC LTD CO | Communication Services | $11.5M | 0.9% | 7.02M | New | |||
| 30 | $CEF | Sprott Physical Gold & Silver Trust | Financials | $11.4M | 0.9% | 252K | -1% | |||
| 31 | $GSK | GSK plc | Healthcare | $10.3M | 0.8% | 205K | -0.8% | |||
| 32 | $SKM | SK TELECOM CO LTD | Communication Services | $8.6M | 0.7% | 224K | +0.2% | |||
| 33 | $PM | Philip Morris International Inc. | Consumer Staples | $8.6M | 0.7% | 46K | -0.5% | |||
| 34 | $NTR | Nutrien Ltd. | Materials | $7.9M | 0.7% | 102K | -0.4% | |||
| 35 | $VALE | Vale S.A. | Materials | $7.6M | 0.6% | 499K | -0.0% | |||
| 36 | $ABEV | AMBEV S.A. | Consumer Staples | $6.7M | 0.6% | 2.26M | -2% | |||
| 37 | $NVS | NOVARTIS AG | Healthcare | $6.4M | 0.5% | 41K | -0.9% | |||
| 38 | $WRN | Western Copper & Gold Corp | Materials | $6.4M | 0.5% | 2.56M | -0.4% | |||
| 39 | $PSLV | Sprott Physical Silver Trust | Financials | $6.1M | 0.5% | 279K | -2% | |||
| 40 | $BHP | BHP Group Ltd | Materials | $5.8M | 0.5% | 65K | +6% | |||
| 41 | $TLK | PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK | Communication Services | $5.6M | 0.5% | 378K | -0.6% | |||
| 42 | $BCE | BCE INC | Communication Services | $4.8M | 0.4% | 205K | -1.0% | |||
| 43 | $RIO | RIO TINTO PLC | Materials | $4.8M | 0.4% | 47K | -0.5% | |||
| 44 | $ASML | ASML HOLDING NV | Technology | $4.6M | 0.4% | 2,724 | -0.0% | |||
| 45 | $IE | Ivanhoe Electric Inc. | Materials | $4.6M | 0.4% | 414K | -1% | |||
| 46 | $UL | UNILEVER PLC | Consumer Staples | $4.2M | 0.3% | 66K | -0.2% | |||
| 47 | $AQN | ALGONQUIN POWER & UTILITIES CORP. | Utilities | $4.0M | 0.3% | 703K | — | |||
| 48 | $SOBO | South Bow Corp | Energy | $3.7M | 0.3% | 1.14M | +3% | |||
| 49 | $NU | Nu Holdings Ltd. | Financials | $3.4M | 0.3% | 231K | +0.1% | |||
| 50 | $ITUB | Itau Unibanco Holding S.A. | Financials | $3.2M | 0.3% | 426K | +0.4% | |||
| 51 | — | FIRST TR EXCH TRADED FD III - EME MRK BD ETF | — | $3.2M | 0.3% | 109K | +0.1% | |||
| 52 | $GFI | GOLD FIELDS LTD | Materials | $3.1M | 0.3% | 66K | +0.1% | |||
| 53 | $SE | Sea Ltd | Industrials | $2.5M | 0.2% | 22K | New | |||
| 54 | $GRAB | Grab Holdings Ltd | Industrials | $2.3M | 0.2% | 653K | — | |||
| 55 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $2.0M | 0.2% | 1,052 | +248% | |||
| 56 | $SNY | Sanofi | Healthcare | $2.0M | 0.2% | 45K | -1% | |||
| 57 | $SAP | SAP SE | Technology | $1.9M | 0.2% | 8,748 | New | |||
| 58 | — | ISHARES TR - INTL TREA BD ETF | — | $1.9M | 0.1% | 46K | +0.6% | |||
| 59 | $FMC | FMC CORP | Healthcare | $1.8M | 0.1% | 159K | +0.1% | |||
| 60 | $HDB | HDFC BANK LTD | Financials | $1.8M | 0.1% | 78K | New | |||
| 61 | $PHYS | Sprott Physical Gold Trust | Financials | $1.6M | 0.1% | 47K | +2% | |||
| 62 | $AG | FIRST MAJESTIC SILVER CORP | Materials | $1.5M | 0.1% | 70K | +21% | |||
| 63 | $WT | WisdomTree, Inc. | Financials | $1.4M | 0.1% | 29K | -6% | |||
| 64 | $NTES | NetEase, Inc. | Technology | $1.4M | 0.1% | 11K | New | |||
| 65 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $1.2M | 0.1% | 2,990 | +4% | |||
| 66 | — | SPDR SERIES TRUST - ST INTL BBG ETF | — | $1.2M | 0.1% | 55K | +0.6% | |||
| 67 | — | VANECK ETF TRUST - GOLD MINERS ETF | — | $1.2M | 0.1% | 12K | — | |||
| 68 | $ASR | SOUTHEAST AIRPORT GROUP | Industrials | $919K | 0.1% | 3,586 | +19% | |||
| 69 | $HLN | Haleon plc | Consumer Staples | $832K | 0.1% | 85K | -1% | |||
| 70 | $INFY | Infosys Ltd | Technology | $824K | 0.1% | 68K | +0.2% | |||
| 71 | $DEO | DIAGEO PLC | Consumer Staples | $724K | 0.1% | 8,000 | +11% | |||
| 72 | $SNPS | SYNOPSYS INC | Technology | $676K | 0.1% | 10K | — | |||
| 73 | $ENB | ENBRIDGE INC | Energy | $627K | 0.1% | 12K | +3% | |||
| 74 | — | ISHARES TR - BROAD USD HIGH | — | $594K | 0.1% | 16K | — | |||
| 75 | — | ISHARES TR - MSCI USA QLT FCT | — | $552K | 0.1% | 2,481 | New | |||
| 76 | $GLD | SPDR GOLD TRUST | Financials | $535K | 0.0% | 1,310 | — | |||
| 77 | $BVN | BUENAVENTURA MINING CO INC | Materials | $514K | 0.0% | 15K | — | |||
| 78 | — | JANUS DETROIT STR TR - HENDRSON AAA CL | — | $505K | 0.0% | 9,996 | — | |||
| 79 | — | ISHARES TR - MSCI ACWI EX US | — | $442K | 0.0% | 5,706 | New | |||
| 80 | $HSBC | HSBC HOLDINGS PLC | Financials | $435K | 0.0% | 4,115 | New | |||
| 81 | $CDE | Coeur Mining, Inc. | Materials | $403K | 0.0% | 19K | — | |||
| 82 | $AGI | ALAMOS GOLD INC | Materials | $398K | 0.0% | 11K | +15% | |||
| 83 | — | VANECK ETF TRUST - JUNIOR GOLD MINE | — | $396K | 0.0% | 3,035 | — | |||
| 84 | $EXK | ENDEAVOUR SILVER CORP | Materials | $365K | 0.0% | 33K | — | |||
| 85 | $UMC | UNITED MICROELECTRONICS CORP | Technology | $364K | 0.0% | 18K | +3% | |||
| 86 | $SLV | iShares Silver Trust | Financials | $346K | 0.0% | 5,760 | +3% | |||
| 87 | $YMM | Full Truck Alliance Co. Ltd. | Technology | $310K | 0.0% | 6,780 | — | |||
| 88 | — | BLACKROCK FLOATING RATE INCO - COM | — | $309K | 0.0% | 28K | -12% | |||
| 89 | $ET | Energy Transfer LP | Energy | $299K | 0.0% | 14K | — | |||
| 90 | $MINE | MAYFAIR GOLD CORP. | Materials | $297K | 0.0% | 94K | — | |||
| 91 | $IAU | ISHARES GOLD TRUST | Financials | $293K | 0.0% | 3,504 | +4% | |||
| 92 | $OHI | OMEGA HEALTHCARE INVESTORS INC | Real Estate | $272K | 0.0% | 5,800 | — | |||
| 93 | $BABA | Alibaba Group Holding Ltd | Consumer Discretionary | $270K | 0.0% | 2,407 | New | |||
| 94 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $262K | 0.0% | 5,200 | New | |||
| 95 | $DOV | DOVER Corp | Industrials | $261K | 0.0% | 1,626 | New | |||
| 96 | $MSFT | MICROSOFT CORP | Technology | $247K | 0.0% | 487 | New | |||
| 97 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $221K | 0.0% | 944 | +2% | |||
| 98 | $YUMC | Yum China Holdings, Inc. | Consumer Discretionary | $220K | 0.0% | 4,977 | New | |||
| 99 | $COP | CONOCOPHILLIPS | Energy | $210K | 0.0% | 1,587 | New | |||
| 100 | $CSCO | CISCO SYSTEMS, INC. | Technology | $209K | 0.0% | 1,922 | New | |||
| 101 | $BAP | CREDICORP LTD | Financials | $207K | 0.0% | 565 | New | |||
| 102 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $203K | 0.0% | 3,000 | New | |||
| 103 | $CX | CEMEX SAB DE CV | Materials | $146K | 0.0% | 14K | +1% | |||
| 104 | $VIV | TELEFONICA BRASIL S.A. | Communication Services | $123K | 0.0% | 11K | +1% | |||
| 105 | $VZLA | Vizsla Silver Corp. | Materials | $98K | 0.0% | 24K | — | |||
| 106 | $ASM | AVINO SILVER & GOLD MINES LTD | Materials | $75K | 0.0% | 10K | — | |||
| 107 | $WIT | WIPRO LTD | Technology | $74K | 0.0% | 40K | +2% | |||
| 108 | $IAUX | i-80 Gold Corp. | Materials | $29K | 0.0% | 16K | -76% |
What changed in Q3 2026
Against the previous quarter's 13F: 16 new, 41 added to, 34 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.
New positions (16)
$SESea Ltd$2.5M
first bought this quarter
$SAPSAP SE$1.9M
first bought this quarter
$HDBHDFC BANK LTD$1.8M
first bought this quarter
$NTESNetEase, Inc.$1.4M
first bought this quarter
- ISHARES TR - MSCI USA QLT FCT$552K
first bought this quarter
- ISHARES TR - MSCI ACWI EX US$442K
first bought this quarter
+10 more in the Excel export
Added to (41)
now $53.8M · held 3+ qtrs, 2 adds in a row
now $58.1M · held 3+ qtrs
$EQNREQUINOR ASA+33%
now $17.8M · held 3+ qtrs
now $40.3M · held 3+ qtrs
now $45.6M · held 3+ qtrs
now $22.3M · held 3+ qtrs, 2 adds in a row
+35 more in the Excel export
Trimmed (34)
$BNSBANK OF NOVA SCOTIA-24%
now $12.0M · held 3+ qtrs, 2 trims in a row
now $66.9M · held 3+ qtrs
now $90.2M · held 3+ qtrs
$CEFSprott Physical Gold & Silver Trust-1%
now $11.4M · held 3+ qtrs, 2 trims in a row
$SHELShell plc-1%
now $14.7M · held 3+ qtrs, 2 trims in a row
now $61.1M · held 3+ qtrs
+28 more in the Excel export
Holdings by quarter
Every 13F Euro Pacific Asset Management, LLC has filed, 27 earlier quarters. Pick one to see what it held then.
Is it too late to follow Euro Pacific Asset Management?
Q3 2026 13F filed with the SEC on Oct 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Euro Pacific Asset Management's top 20 holdings: 73/100 (our AI quality score, weighted by position size; 4 of the 20 are scored)
Top 10 since filing
-6.9%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter
Top 10 weight
50%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2026 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Euro Pacific Asset Management, LLC disclosed 108 positions worth $1.2B in its Form 13F-HR for Q3 2026, led by $AEM (AGNICO EAGLE MINES LTD) at 7.4% of the equity portfolio, followed by $B and $FNV. During the quarter the fund opened 16 new positions and exited 4 — including a new stake in $SE and a full exit from $ORLA. The portfolio is most concentrated in Materials (67.2% of disclosed assets). All figures are sourced directly from Euro Pacific Asset Management, LLC’s Form 13F-HR filing with the SEC under CIK 1796651.
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