GMT Capital portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
GMT Capital reported a $1.9 bn portfolio of 66 companies (68 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are HBM, DAL, GOOG. During the quarter it exited MGM Resorts International.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then GMT Capital has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
49 positions with a change (7 new, 8 added to, 18 trimmed, 16 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Delta Air Lines−26%fewer sharesReduced13.4% → 15.9%
- Hudbay Minerals−17%fewer sharesReduced20.9% → 22.5%
- Marriott Vacations Worldwide−60%fewer sharesReduced3.0% → 2.2%
- Cracker Barrel Old Country Store−66%fewer sharesReduced2.0% → 1.5%
- United Airlines Holdings−25%fewer sharesReduced4.1% → 5.2%
- Jazz Pharmaceuticals−22%fewer sharesReduced5.0% → 5.7%
- Travel & Leisure−30%fewer sharesReduced3.9% → 3.4%
- Kyndryl Holdings−81%fewer sharesReduced1.8% → 0.3%
- Rayonier−51%fewer sharesReduced2.3% → 1.3%
- ERO Copper−23%fewer sharesReduced4.4% → 3.9%
- Vistra Operations+71%more sharesIncreased1.2% → 2.5%
- MGM Resorts International−0.9 ppof portfolioSold out0.9% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Hudbay MineralsHBM22.5%
- Delta Air LinesDAL15.9%
- AlphabetGOOG · GOOGL8.7%
- Jazz PharmaceuticalsJAZZ5.7%
- United Airlines HoldingsUAL5.2%
- Bath & Body WorksBBWI4.2%
- ERO CopperERO3.9%
- Travel & LeisureTNL3.4%
- Amazon.comAMZN3.4%
- Fidelity National Information ServicesFIS3.0%
- Alamos GoldAGI2.9%
- Vistra OperationsVST2.5%
- MicrosoftMSFT2.5%
- Omnicom GroupOMC2.2%
- Marriott Vacations WorldwideVAC2.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 31%
- ● Industrials 24%
- ● Consumer Discretionary 16%
- ● Communication Services 9%
- ● Health Care 7%
- ● Information Technology 7%
- ● Financials 3%
- ● Utilities 3%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q2 2026: 68
Q2 2026: 73%
Q2 2026: 16.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 17, 2026 (high confidence).
The data, as reported: GMT CAPITAL CORP. (CRD 160404): 7.B private funds: 3 hedge (gross assets $6.5 bn); 5.D assets by client type: pooled vehicles 95% (of $6.9 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
- Hill Path CapitalInvestment firm · $1.9 bn
- Southeastern Asset ManagementInvestment firm · $1.9 bn
- Sourcerock GroupInvestment firm · $1.9 bn
- Broadwood CapitalInvestment firm · $1.9 bn
- Greenhouse Funds LLLPInvestment firm · $1.9 bn
- Cacti Asset ManagementInvestment firm · $1.9 bn