Eschler Asset Management LLP
London, X0
$56m in 33 US stocks at the end of 30 June 2026. The top 10 are 66.6% of the money. It changed about 61.6% of the portfolio this quarter.
Value
$56m
Stocks
33
Top 10 share
66.6%
Turnover
61.6%
What changed this quarter
New
Bought for the first time this quarter.
- Ishares TRITA8.9% of the fund
- Vanguard Scottsdale FDSVGSH5.1% of the fund
- SandiskSNDK4.5% of the fund
- Select Sector Spdr TRXLI4.3% of the fund
- Hilton Worldwide HoldingsHLT2.6% of the fund
- Robinhood MarketsHOOD2.0% of the fund
- H&R BlockHRB1.8% of the fund
- DuolingoDUOL1.6% of the fund
- CopartCPRT1.5% of the fund
- VOX RoyaltyVOXR0.9% of the fund
- Marvell TechnologyMRVL0.4% of the fund
Added
Bought more of a stock they already held.
- Joint Stock Co Kaspi.kzKSPI5.9% of the fund+21%
- Taiwan Semiconductor ManufacturingTSM4.5% of the fund+431%
- MercadoLibreMELI2.8% of the fund+23%
- Nu HoldingsNU2.7% of the fund+60%
Cut
Sold some of their stake.
- AlphabetGOOG9.2% of the fund-51%
- Vaneck ETF TrustGDXJ2.5% of the fund-93%
- NvidiaNVDA2.0% of the fund-5%
- HCA HealthcareHCA1.5% of the fund-5%
- ValarisVAL1.5% of the fund-21%
- KanzhunBZ1.2% of the fund-79%
- BlackRockBLK1.2% of the fund-5%
- AtrenewRERE0.9% of the fund-12%
Sold out
Sold their entire stake.
- i-80 GoldIAUX-100%
- NewmontNEM-100%
- Bloom EnergyBE-100%
- Immunocore HldgsIMCR-100%
- Futu HldgsFUTU-100%
- EQTEQT-100%
- Builders FirstSourceBLDR-100%
- Intrepid PotashIPI-100%
- TransoceanRIG-100%
- Hesai GroupHSAI-100%
- Kraneshares TrustKWEB-100%
Holdings
- Vanguard Star FDSVXUS
- Share
- 9.5%
- Value
- $5m
- Shares
- 62,218
Held
- Vanguard Index FDSVOO
- Share
- 9.3%
- Value
- $5m
- Shares
- 7,552
Held
- Ishares TRITA
- Share
- 8.9%
- Value
- $5m
- Shares
- 20,571
New
- Vanguard Scottsdale FDSVGSH
- Share
- 5.1%
- Value
- $3m
- Shares
- 48,682
New
- Select Sector Spdr TRXLI
- Share
- 4.3%
- Value
- $2m
- Shares
- 13,074
New
- Vaneck ETF TrustGDXJ
- Share
- 2.5%
- Value
- $1m
- Shares
- 14,245
-93%
- AtrenewRERE
- Share
- 0.9%
- Value
- $482,202
- Shares
- 124,600
-12%
- VOX RoyaltyVOXR
- Share
- 0.9%
- Value
- $481,387
- Shares
- 102,000
New
- Noah HldgsNOAH
- Share
- 0.4%
- Value
- $245,754
- Shares
- 24,600
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vanguard Star FDSVXUS | 9.5% | $5m | 62,218 | Held |
| Vanguard Index FDSVOO | 9.3% | $5m | 7,552 | Held |
| AlphabetGOOG | 9.2% | $5m | 14,540 | -51% |
| Ishares TRITA | 8.9% | $5m | 20,571 | New |
| Joint Stock Co Kaspi.kzKSPI | 5.9% | $3m | 37,983 | +21% |
| Meta PlatformsMETA | 5.4% | $3m | 5,355 | Held |
| Vanguard Scottsdale FDSVGSH | 5.1% | $3m | 48,682 | New |
| Taiwan Semiconductor ManufacturingTSM | 4.5% | $3m | 5,305 | +431% |
| SandiskSNDK | 4.5% | $3m | 1,105 | New |
| Select Sector Spdr TRXLI | 4.3% | $2m | 13,074 | New |
| MercadoLibreMELI | 2.8% | $2m | 921 | +23% |
| Nu HoldingsNU | 2.7% | $1m | 112,000 | +60% |
| Hilton Worldwide HoldingsHLT | 2.6% | $1m | 4,358 | New |
| Vaneck ETF TrustGDXJ | 2.5% | $1m | 14,245 | -93% |
| NvidiaNVDA | 2.0% | $1m | 5,478 | -5% |
| Robinhood MarketsHOOD | 2.0% | $1m | 10,876 | New |
| H&R BlockHRB | 1.8% | $1m | 27,000 | New |
| DuolingoDUOL | 1.6% | $897,846 | 7,806 | New |
| HCA HealthcareHCA | 1.5% | $853,679 | 2,190 | -5% |
| CopartCPRT | 1.5% | $845,700 | 30,000 | New |
| ValarisVAL | 1.5% | $820,380 | 11,300 | -21% |
| Boston BeerSAM | 1.5% | $814,338 | 4,600 | Held |
| Natural Resource Partners LPNRP | 1.4% | $776,000 | 8,000 | Held |
| ServiceNowNOW | 1.2% | $685,032 | 6,900 | Held |
| KanzhunBZ | 1.2% | $682,110 | 53,000 | -79% |
| BlackRockBLK | 1.2% | $669,105 | 696 | -5% |
| Amazon.comAMZN | 0.9% | $486,112 | 2,040 | Held |
| AtrenewRERE | 0.9% | $482,202 | 124,600 | -12% |
| VOX RoyaltyVOXR | 0.9% | $481,387 | 102,000 | New |
| RobloxRBLX | 0.7% | $372,425 | 6,850 | Held |
| Noah HldgsNOAH | 0.4% | $245,754 | 24,600 | Held |
| Marvell TechnologyMRVL | 0.4% | $238,312 | 800 | New |
| Bausch Health CompaniesBHC | 0.3% | $184,866 | 37,506 | Held |
Options (1)
- Ishares
- Type
- Put
- Value
- $311,500
- Contracts
- 350
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares | Put | $311,500 | 350 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 57.8% since 30 June 2025.
Where the money is
Technology23.2%
Media & telecom14.6%
Retail & consumer6.9%
Financial services5.8%
Energy2.9%
Health care1.9%
Industrials1.5%
Everyday goods1.5%
Materials0.9%
Other40.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.