Gemsstock portfolio
Concentrated managerType not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 10, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · amendment (replaces the original) of Aug 14, 2026 ↗ · 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.
The Q2 2025 13F filing also has internal inconsistencies and is not included in totals.
Gemsstock reported a $307M portfolio of 13 positions to the SEC as of the end of Q2 2026. Its largest positions are GDX, VIST, KSPI. During the quarter it exited Amazon.com and Barrick Mining.
Sections with a free account
What changed this quarter
31 positions with a change (4 new, 4 added to, 4 trimmed, 19 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Gulfport Energy−72%fewer sharesReduced11.3% → 7.7%
- Equinox Gold−77%fewer sharesReduced12.6% → 6.0%
- Amazon.com−6.4 ppof portfolioSold out6.4% → —
- Barrick Mining−5.9 ppof portfolioSold out5.9% → —
- Expand Energy−5.1 ppof portfolioSold out5.1% → —
- EQT−4.9 ppof portfolioSold out4.9% → —
- Vaneck ETF Trust+276%more sharesIncreased2.0% → 18.8%
- Antero Resources−4.4 ppof portfolioSold out4.4% → —
- Newmont−4.3 ppof portfolioSold out4.3% → —
- Alphabet−4.0 ppof portfolioSold out4.0% → —
- UBS Group−2.6 ppof portfolioSold out2.6% → —
- Grupo Financiero Galicia−2.3 ppof portfolioSold out2.3% → —
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
- Vaneck ETF TrustGDX18.8%
- Vista Energy, S.A.B. de C.V.VIST14.8%
- Joint Stock Company Kaspi.kzKSPI11.1%
- Gulfport EnergyGPOR7.7%
- Macro BankBMA7.2%
- Nu HoldingsNU6.4%
- Itau Unibanco HoldingITUB6.2%
- Equinox GoldEQX6.0%
- MercadoLibreMELI6.0%
- Petrobras - Petroleo BrasileiroPBR4.9%
- YPF Sociedad AnonimaYPF4.7%
- Eldorado GoldEGO3.6%
- Corporacion America AirportsCAAP2.5%
“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
- ● Energy 32%
- ● Financials 31%
- ● No sector 19%
- ● Materials 10%
- ● Consumer Discretionary 6%
- ● Industrials 3%
How its portfolio changed (8 quarters)
Q2 2026: 13
Q2 2026: 89%
Q2 2026: 41.6%
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.
13F filings with amendments or confidential positions
- 13F Q2 2026 ↗filed Aug 10, 2026Amendment of Aug 14, 2026 (replaces the original) ↗
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
Type not verified. It meets the portfolio criteria of a concentrated manager, but its type is not verified: we found no official document that is enough to say what kind of entity it is. It may be an investment firm, but also an adviser adding up client accounts, a bank or a family vehicle. It counts in the tallies like the rest; keep that in mind when reading it. How the type is assigned
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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