GL
Gemsstock Ltd Portfolio holdings
AUM
$307M
Turnover
71.88%
1-Year Est. Return
30.64%
This Fund
S&P 500
This Quarter
Est. Return
-8.07%
1 Year Est. Return
+30.64%
3 Year Est. Return
+148.72%
5 Year Est. Return
+303.38%
10 Year Est. Return
–
AUM
$307M
AUM Growth
-$641M
(-68%)
Cap. Flow
-$588M
Cap. Flow
% of AUM
-191.26%
Top 10 Holdings %
Top 10 Hldgs %
89.14%
Holding
32
New
4
Increased
4
Reduced
4
Closed
19
Avg Time Held
0.6
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$49.7M |
| 2 |
Banco Macro
BMA
|
+$19.5M |
| 3 |
Petrobras
PBR
|
+$18.3M |
| 4 |
YPF Sociedad Anonima ADS
YPF
|
+$14.9M |
| 5 |
Corporacion America
CAAP
|
+$7.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equinox Gold
EQX
|
+$82.3M |
| 2 |
Gulfport Energy Corp
GPOR
|
+$66.5M |
| 3 |
Amazon
AMZN
|
+$60.3M |
| 4 |
Barrick Mining
B
|
+$55.6M |
| 5 |
Expand Energy Corp
EXE
|
+$48.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 32.15% |
| 2 | Financials | 19.76% |
| 3 | Miscellaneous | 18.83% |
| 4 | Technology | 11.12% |
| 5 | Materials | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
VanEck Gold Miners ETF
GDX
$25B
| $57.9M | 18.83% |
767,100
+563,000
| +276% | +$49.7M |
2026 Q1
1 quarter
|
|
2
Vista Energy
VIST
$7.74B
| $45.5M | 14.8% |
713,004
+42,729
| +6% | +$3.01M |
2024 Q4
6 quarters
|
|
3
Kaspi.kz JSC
KSPI
$18B
| $34.2M | 11.12% |
394,491
-114,656
| -23% | -$9.73M |
2024 Q4
6 quarters
|
|
|
4
Gulfport Energy Corp
GPOR
$2.93B
| $23.7M | 7.72% |
139,899
-368,318
| -72% | -$66.5M |
2025 Q1
5 quarters
|
|
|
5
Banco Macro
BMA
$4.08B
| $22M | 7.17% |
+237,969
| New | +$19.5M |
2026 Q2
0 quarters
|
|
6
Nu Holdings
NU
$72.1B
| $19.8M | 6.44% |
1,481,697
+178,076
| +14% | +$2.4M |
2026 Q1
1 quarter
|
|
7
Itaú Unibanco
ITUB
$107B
| $18.9M | 6.16% |
2,316,513
-91,600
| -4% | -$759K |
2025 Q3
3 quarters
|
|
|
8
Equinox Gold
EQX
$12B
| $18.5M | 6.01% |
1,900,000
-6,382,105
| -77% | -$82.3M |
2024 Q2
8 quarters
|
|
9
Mercado Libre
MELI
$93.2B
| $18.4M | 5.98% |
10,830
| – | – |
2025 Q4
2 quarters
|
|
|
10
Petrobras
PBR
$167B
| $15.2M | 4.93% |
+937,800
| New | +$18.3M |
2026 Q2
0 quarters
|
|
|
11
YPF Sociedad Anonima ADS
YPF
$20.5B
| $14.4M | 4.7% |
+317,699
| New | +$14.9M |
2026 Q2
0 quarters
|
|
12
Eldorado Gold
EGO
$8.98B
| $11.2M | 3.64% |
360,000
+44,862
| +14% | +$1.46M |
2026 Q1
1 quarter
|
|
|
13
Corporacion America
CAAP
$3.93B
| $7.76M | 2.53% |
+308,364
| New | +$7.93M |
2026 Q2
0 quarters
|
|
|
14
Amazon
AMZN
$2.74T
| – | – |
-289,300
| Closed | -$60.3M | – |
|
15
Antero Resources
AR
$11.3B
| – | – |
-992,354
| Closed | -$42.1M | – |
|
16
Global X Copper Miners ETF NEW
COPX
$6.94B
| – | – |
-241,200
| Closed | -$18.4M | – |
|
17
Comstock Resources
CRK
$4.02B
| – | – |
-813,937
| Closed | -$17.2M | – |
|
18
Salesforce
CRM
$194B
| – | – |
-100,500
| Closed | -$18.8M | – |
|
19
Deutsche Bank
DB
$61.6B
| – | – |
-711,800
| Closed | -$20.7M | – |
|
20
EQT Corp
EQT
$33B
| – | – |
-735,967
| Closed | -$46.8M | – |
|
21
Galicia Financial Group
GGAL
$5.71B
| – | – |
-473,448
| Closed | -$22.1M | – |
|
|
22
Barrick Mining
B
$64B
| – | – |
-1,363,284
| Closed | -$55.6M | – |
|
23
Alphabet (Google) Class C
GOOG
$4.2T
| – | – |
-131,020
| Closed | -$37.6M | – |
|
24
JPMorgan Chase
JPM
$890B
| – | – |
-63,400
| Closed | -$18.6M | – |
|
25
Newmont
NEM
$118B
| – | – |
-373,315
| Closed | -$40.4M | – |
|
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Gemsstock Ltd's Q2 2026 Portfolio in Review
As of Q2 2026, Gemsstock Ltd held 32 positions worth $307M, down 68% from $949M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Gemsstock Ltd withdrew a net $588M in Q2 2026, closing 19 positions and reducing 4 holdings. Its most notable exit was Amazon, an estimated $60.3M position sold in full.
By sector, the portfolio is most concentrated in Energy at 32% of assets, down from 33% a quarter earlier, followed by Financials and Miscellaneous.
Against the trend, Gemsstock Ltd opened a new position in Banco Macro worth $22M.
- Gemsstock Ltd's largest Q2 2026 buy was Banco Macro: 237,969 shares worth $22M.
- Gemsstock Ltd added most to VanEck Gold Miners ETF in Q2 2026, an estimated $49.7M increase.
- Gemsstock Ltd's biggest Q2 2026 reduction was Equinox Gold, cutting an estimated $82.3M.
- Gemsstock Ltd fully exited Amazon in Q2 2026, selling an estimated $60.3M.
- Gemsstock Ltd's ten largest holdings make up 89% of its $307M portfolio in Q2 2026.
- Gemsstock Ltd opened 4 new positions and closed 19 in Q2 2026.
- Gemsstock Ltd's portfolio value fell 68% quarter-over-quarter to $307M.
Based on Gemsstock Ltd's 13F filing for Q2 2026, filed 10 Aug 2026.