GL
Gemsstock Ltd.: 13F Stock Holdings & Portfolio (Q2 2026)
Gemsstock Ltd.CIK: 0001724140
High-turnover traderSector-focusedContrarian
Total reported value
$307.5M
Reporting period: 2026-06-30 · Number of holdings: 13
Gemsstock Ltd. disclosed 13 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $307.5M and a quarterly turnover rate of 133.9%.
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Personality snowflake
- Concentration
- 41
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 26
- Sizing Uniformity
- 94
Gemsstock Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.103 — mathematically equivalent to about 10 equally-sized positions, close to its 13 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.60), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 2.2 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 24% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd GDX
+275.8% $39.1M
Add VIST
+6.4% -$5.1M
New buy BMA
Add KSPI
-22.5% -$3.5M
Trim EQX
-77.1% -$101.3M
Sold out AMZN
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 17.15% | +16.86% | +275.85% | |
| 2 | VIST | Vista Energy Sab De Cv | Stock-Other | 13.48% | +9.47% | +6.37% | |
| 3 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 10.13% | +7.15% | -22.52% | |
| 4 | GLD | Spdr Gold Shares | ETF-Commodities | 8.89% | — | — | |
| 5 | GPOR | Gulfport Energy CORP | Stock-Other | 7.04% | -3.61% | -72.47% | |
| 6 | BMA | Banco Macro Sa-adr | Stock-Other | 6.53% | +7.17% | NEW | |
| 7 | NU | Nu Holdings Ltd. | Stock-Financials | 5.87% | +4.47% | +13.66% | |
| 8 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 5.61% | +4.03% | -3.80% | |
| 9 | EQX | Equinox Gold CORP | Stock-Other | 5.47% | -6.61% | -77.06% | |
| 10 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 5.45% | +4.01% | — | |
| 11 | PBR | Petroleo Brasileiro-spon Adr | Stock-Energy | 4.49% | +4.93% | NEW | |
| 12 | YPF | Ypf S.a.-sponsored Adr | Stock-Other | 4.28% | +4.70% | NEW | |
| 13 | EGO | Eldorado Gold CORP | Stock-Other | 3.32% | +2.50% | +14.24% | |
| 14 | ✓ | Corporacion Amer Arpts S A | Stock-Other | 2.30% | +2.53% | NEW |
Portfolio Performance
Performance for Q3 2026
+4.8%
Performance Last 4 Quarters
+55.5%
- Stdev
- +16.5%
- Beta
- +0.65
- Alpha
- +20.1%
- Max Drawdown
- -8.4%
- Annualized Perf
- +36.9%
- Batting Avg vs S&P
- +61.1%
- Sortino
- +4.77
- Stutzer
- +0.58
- Treynor
- +0.51
- Sterling
- +2.4
- Calmar
- +4.41
- Information Ratio
- +0.88
- Tracking Error
- +14.9%
- Stdev Down
- +6.9%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +57.2%
- Worst 12 Months
- +11.6%
- Efficiency Ratio
- +1
- Sharpe
- +2.01
- Stdev Sectors
- +14.4%
- Skewness
- -0.1
- Kurtosis
- -0.28
- Upside Potential
- +6.15
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 13 | $307.5M | 100 | ||
| 2026 Q1 | 28 | $948.8M | 82 | ||
| 2025 Q4 | 22 | $746.1M | 84 | ||
| 2025 Q3 | 15 | $486.1M | 94 | ||
| 2025 Q2 | 17 | $560.9M | 0 | ||
| 2025 Q1 | 18 | $265.4M | 100 | ||
| 2024 Q4 | 16 | $483.2M | 0 | ||
| 2024 Q3 | 9 | $206.8M | 0 | ||
| 2024 Q2 | 13 | $313.7M | 0 | ||
| 2024 Q1 | 13 | $265.0M | 0 | ||
| 2023 Q4 | 13 | $269.4M | 0 | ||
| 2023 Q3 | 9 | $228.0M | 0 | ||
| 2023 Q2 | 7 | $148.2M | 0 | ||
| 2023 Q1 | 7 | $91.5M | 0 | ||
| 2022 Q4 | 8 | $125.6M | 0 | ||
| 2022 Q3 | 5 | $101.1M | 0 | ||
| 2022 Q2 | 7 | $77.9M | 0 | ||
| 2022 Q1 | 13 | $376.2M | 0 | ||
| 2021 Q4 | 18 | $260.5M | 0 | ||
| 2021 Q3 | 15 | $220.5M | 0 | ||
| 2021 Q2 | 17 | $317.1M | 72 | ||
| 2021 Q1 | 14 | $179.8M | 50 | ||
| 2020 Q4 | 13 | $163.8M | 100 | ||
| 2020 Q3 | 10 | $68.8M | 100 | ||
| 2020 Q2 | 9 | $91.8M | 83 | ||
| 2020 Q1 | 14 | $151.5M | 100 | ||
| 2019 Q4 | 9 | $71.3M | 0 |
Holding changes this quarter
Gemsstock Ltd.'s most significant position changes for 2026-06-30: Sold out: Amazon.com Inc (AMZN); Sold out: Barrick Mining CORP (B); Sold out: Expand Energy CORP (EXE); Sold out: Eqt CORP (EQT); Sold out: Antero Resources CORP (AR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GDX | Vaneck Gold Miners ETF | +16.9% | +275.85% | Add |
| 2 | VIST | Vista Energy Sab De Cv | +9.5% | +6.37% | Add |
| 3 | BMA | Banco Macro Sa-adr | +7.2% | NEW | New buy |
| 4 | KSPI | Jsc Kaspi.kz Adr | +7.2% | -22.52% | Trim |
| 5 | PBR | Petroleo Brasileiro-spon Adr | +4.9% | NEW | New buy |
| 6 | YPF | Ypf S.a.-sponsored Adr | +4.7% | NEW | New buy |
| 7 | NU | Nu Holdings Ltd. | +4.5% | +13.66% | Add |
| 8 | ITUB | Itau Unibanco H-spon Prf Adr | +4% | -3.80% | Trim |
| 9 | MELI | Mercadolibre Inc | +4% | — | Unchanged |
| 10 | ✓ | Corporacion Amer Arpts S A | +2.5% | NEW | New buy |
| 11 | EGO | Eldorado Gold CORP | +2.5% | +14.24% | Add |
| 12 | TUR | Ishares Msci Turkey ETF | -0.1% | EXIT | Sold out |
| 13 | SLV | Ishares Silver Trust | -1.4% | EXIT | Sold out |
| 14 | CRK | Comstock Resources Inc | -1.8% | EXIT | Sold out |
| 15 | COPX | Global X Copper Miners ETF | -1.9% | EXIT | Sold out |
| 16 | JPM | Jpmorgan Chase & Co | -2% | EXIT | Sold out |
| 17 | CRM | Salesforce Inc | -2% | EXIT | Sold out |
| 18 | NVDA | Nvidia CORP | -2% | EXIT | Sold out |
| 19 | VALE | Vale Sa-sp Adr | -2.1% | EXIT | Sold out |
| 20 | DB | Deutsche Bank Aktiengesellschaft | -2.2% | EXIT | Sold out |
| 21 | TECK | Teck Resources Ltd-cls B | -2.3% | EXIT | Sold out |
| 22 | GGAL | Grupo Financiero Galicia-adr | -2.3% | EXIT | Sold out |
| 23 | UBS | UBS Group AG | -2.6% | EXIT | Sold out |
| 24 | GPOR | Gulfport Energy CORP | -3.6% | -72.47% | Trim |
| 25 | GOOG | Alphabet Inc-cl C | -4% | EXIT | Sold out |
| 26 | NEM | Newmont CORP | -4.3% | EXIT | Sold out |
| 27 | AR | Antero Resources CORP | -4.4% | EXIT | Sold out |
| 28 | EQT | Eqt CORP | -4.9% | EXIT | Sold out |
| 29 | EXE | Expand Energy CORP | -5.1% | EXIT | Sold out |
| 30 | B | Barrick Mining CORP | -5.9% | EXIT | Sold out |
| 31 | AMZN | Amazon.com Inc | -6.4% | EXIT | Sold out |
| 32 | EQX | Equinox Gold CORP | -6.6% | -77.06% | Trim |
Filing History
FAQ
What is Gemsstock Ltd. and what type of investor is it?
Gemsstock Ltd. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $307.5M, spread across 13 disclosed positions.
What are Gemsstock Ltd.'s largest equity positions?
Based on the latest 13F filing, Gemsstock Ltd.'s top holdings by market value are:
1. Vaneck Gold Miners ETF (GDX) — $57.9M (17.1%)
2. Vista Energy Sab De Cv (VIST) — $45.5M (13.5%)
3. Jsc Kaspi.kz Adr (KSPI) — $34.2M (10.1%)
4. Spdr Gold Shares (GLD) — $30.0M (8.9%)
5. Gulfport Energy CORP (GPOR) — $23.7M (7.0%)
What changes did Gemsstock Ltd. make in its most recent portfolio filing?
In the latest reported quarter, Gemsstock Ltd. made 31 notable position adjustments: 4 new positions were initiated, 4 existing holdings were added to, 4 positions were partially reduced, and 19 were completely exited. The largest of these moves: Sold out: Amazon.com Inc (AMZN); Sold out: Barrick Mining CORP (B); Sold out: Expand Energy CORP (EXE); Sold out: Eqt CORP (EQT); Sold out: Antero Resources CORP (AR)
What sectors does Gemsstock Ltd. focus on?
Gemsstock Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 53.6%
• Consumer Discretionary: 25.4%
• Energy: 21.0%
Investment Profile
Gemsstock Ltd. returned an annualized 36.9% over the trailing 36 months — outperforming the S&P 500 by 20.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.65 (less volatile than the market) and a 61% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 53.6% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
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Developer Access
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