Gemsstock Ltd. 13F: Quarter-over-Quarter Portfolio Changes
Gemsstock Ltd. reported a disclosed portfolio value of approximately $337.5 million in its latest SEC Form 13F-HR filing for Q2 2026, down 64.4% quarter on quarter. Over the quarter, the fund initiated 5 new positions, bought more shares in 4 holdings, trimmed 4 holdings, and exited 19 positions.
Gemsstock Ltd.'s top buy was Vaneck ETF Trust (GDX) . The fund bought 275.8% more shares, lifting the position's portfolio weight by 15.2 percentage points. Its top sell was Equinox Gold CORP (EQX) . The fund sold 77.1% of its previously reported shares, reducing the position's portfolio weight by 7.1 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SPDR GOLD TR | GLD | 8.9% | History → |
| BANCO MACRO SA | BMA | 6.5% | History → |
| PETROLEO BRASILEIRO SA - PETROBRAS | PBR | 4.5% | Holders → |
| YPF SOCIEDAD ANONIMA | YPF | 4.3% | Holders → |
| CORPORACION AMER ARPTS S A | CAAP | 2.3% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| VANECK ETF TRUST | GDX | +15.2% | +275.8% | History → |
| ELDORADO GOLD CORP | EGO | +2.2% | +14.2% | Holders → |
| NU HLDGS LTD | NU | +3.9% | +13.7% | History → |
| VISTA ENERGY S.A.B. DE C.V. | VIST | +8.1% | +6.4% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| EQUINOX GOLD CORP | EQX | -7.1% | 77.1% | History → |
| GULFPORT ENERGY CORP | GPOR | -4.3% | 72.5% | History → |
| KASPI KZ JSC | KSPI | 6.2% | 22.5% | History → |
| ITAU UNIBANCO HOLDING SA | ITUB | 3.5% | 3.8% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| AMAZON.COM INC | AMZN | 6.4% |
| BARRICK MNG CORP | B | 5.9% |
| EXPAND ENERGY CORPORATION | EXE | 5.1% |
| EQT CORP | EQT | 4.9% |
| ANTERO RESOURCES CORP | AR | 4.4% |
| NEWMONT CORP | NEM | 4.3% |
| ALPHABET INC | GOOG | 4.0% |
| UBS GROUP AG | UBS | 2.6% |
| GRUPO FINANCIERO GALICIA S.A | GGAL | 2.3% |
| TECK RESOURCES LTD | TECK | 2.3% |
| DEUTSCHE BANK AG NAMEN AKT | DB | 2.2% |
| VALE S.A., ADR | VALE | 2.1% |
| NVIDIA CORPORATION | NVDA | 2.0% |
| SALESFORCE INC | CRM | 2.0% |
| JPMORGAN CHASE & CO | JPM | 2.0% |
| GLOBAL X FDS | COPX | 1.9% |
| COMSTOCK RES INC | CRK | 1.8% |
| ISHARES SILVER TR | SLV | 1.4% |
| ISHARES INC | TUR | 0.1% |
Net Portfolio Value ChangeQ2 2026
- $0.9BPrior quarter
- $0.3BCurrent quarter
- $-0.6BNet delta
- -64.4%% change
Methodology & FAQ
How Gemsstock Ltd. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Gemsstock Ltd.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Gemsstock Ltd. buy in Q2 2026?
In Q2 2026, Gemsstock Ltd. initiated 5 new positions (SPDR GOLD TR (GLD), BANCO MACRO SA (BMA), PETROLEO BRASILEIRO SA - PETROBRAS (PBR), YPF SOCIEDAD ANONIMA (YPF), CORPORACION AMER ARPTS S A (CAAP)); bought more shares of VANECK ETF TRUST (GDX), ELDORADO GOLD CORP (EGO), NU HLDGS LTD (NU), VISTA ENERGY S.A.B. DE C.V. (VIST).
What stocks did Gemsstock Ltd. sell in Q2 2026?
In Q2 2026, Gemsstock Ltd. fully sold 19 positions (AMAZON.COM INC (AMZN), BARRICK MNG CORP (B), EXPAND ENERGY CORPORATION (EXE), EQT CORP (EQT), ANTERO RESOURCES CORP (AR), NEWMONT CORP (NEM), ALPHABET INC (GOOG), UBS GROUP AG (UBS), GRUPO FINANCIERO GALICIA S.A (GGAL), TECK RESOURCES LTD (TECK), DEUTSCHE BANK AG NAMEN AKT (DB), VALE S.A., ADR (VALE), NVIDIA CORPORATION (NVDA), SALESFORCE INC (CRM), JPMORGAN CHASE & CO (JPM), GLOBAL X FDS (COPX), COMSTOCK RES INC (CRK), ISHARES SILVER TR (SLV), ISHARES INC (TUR)); reduced holdings in EQUINOX GOLD CORP (EQX), GULFPORT ENERGY CORP (GPOR), KASPI KZ JSC (KSPI), ITAU UNIBANCO HOLDING SA (ITUB).
Which positions did Gemsstock Ltd. initiate in Q2 2026?
Gemsstock Ltd. established 5 new positions in Q2 2026: SPDR GOLD TR (GLD, 8.9%), BANCO MACRO SA (BMA, 6.5%), PETROLEO BRASILEIRO SA - PETROBRAS (PBR, 4.5%), YPF SOCIEDAD ANONIMA (YPF, 4.3%), CORPORACION AMER ARPTS S A (CAAP, 2.3%).
Which existing positions saw the largest allocation increases for Gemsstock Ltd. in Q2 2026?
Of 4 existing positions with share-count increases in Q2 2026, the largest were: VANECK ETF TRUST (GDX, +15.2% weight, +275.8% shares), ELDORADO GOLD CORP (EGO, +2.2% weight, +14.2% shares), NU HLDGS LTD (NU, +3.9% weight, +13.7% shares), VISTA ENERGY S.A.B. DE C.V. (VIST, +8.1% weight, +6.4% shares).
Which positions did Gemsstock Ltd. fully exit in Q2 2026?
Gemsstock Ltd. fully exited 19 positions in Q2 2026: AMAZON.COM INC (AMZN, last-reported weight 6.4%), BARRICK MNG CORP (B, last-reported weight 5.9%), EXPAND ENERGY CORPORATION (EXE, last-reported weight 5.1%), EQT CORP (EQT, last-reported weight 4.9%), ANTERO RESOURCES CORP (AR, last-reported weight 4.4%), NEWMONT CORP (NEM, last-reported weight 4.3%), ALPHABET INC (GOOG, last-reported weight 4.0%), UBS GROUP AG (UBS, last-reported weight 2.6%), GRUPO FINANCIERO GALICIA S.A (GGAL, last-reported weight 2.3%), TECK RESOURCES LTD (TECK, last-reported weight 2.3%), DEUTSCHE BANK AG NAMEN AKT (DB, last-reported weight 2.2%), VALE S.A., ADR (VALE, last-reported weight 2.1%), NVIDIA CORPORATION (NVDA, last-reported weight 2.0%), SALESFORCE INC (CRM, last-reported weight 2.0%), JPMORGAN CHASE & CO (JPM, last-reported weight 2.0%), GLOBAL X FDS (COPX, last-reported weight 1.9%), COMSTOCK RES INC (CRK, last-reported weight 1.8%), ISHARES SILVER TR (SLV, last-reported weight 1.4%), ISHARES INC (TUR, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for Gemsstock Ltd. in Q2 2026?
Of 4 existing positions with share-count reductions in Q2 2026, the largest were: EQUINOX GOLD CORP (EQX, -7.1% weight, -77.1% shares), GULFPORT ENERGY CORP (GPOR, -4.3% weight, -72.5% shares), KASPI KZ JSC (KSPI, 6.2% weight, -22.5% shares), ITAU UNIBANCO HOLDING SA (ITUB, 3.5% weight, -3.8% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.