Gemsstock
London, X0files as Gemsstock Ltd.
$307m in 13 US stocks at the end of 30 June 2026. The top 10 are 89.1% of the money. It changed about 67.8% of the portfolio this quarter.
Value
$307m
Stocks
13
Top 10 share
89.1%
Turnover
67.8%
What changed this quarter
New
Bought for the first time this quarter.
- Macro BankBMA7.2% of the fund
- Petrobras - Petroleo Brasileiro SAPBR4.9% of the fund
- YPF Sociedad AnonimaYPF4.7% of the fund
- Corporacion America AirportsCAAP2.5% of the fund
Added
Bought more of a stock they already held.
- Vaneck ETF TrustGDX18.8% of the fund+276%
- Vista Energy S.A.B. de C.V.VIST14.8% of the fund+6%
- Nu HoldingsNU6.4% of the fund+14%
- Eldorado GoldEGO3.6% of the fund+14%
Cut
Sold some of their stake.
- Joint Stock Co Kaspi.kzKSPI11.1% of the fund-23%
- Gulfport EnergyGPOR7.7% of the fund-72%
- Itau Unibanco Hldg S AITUB6.2% of the fund-4%
- Equinox GoldEQX6.0% of the fund-77%
Sold out
Sold their entire stake.
- Amazon.comAMZN-100%
- Barrick MiningB-100%
- Expand EnergyEXE-100%
- EQTEQT-100%
- Antero ResourcesAR-100%
- NewmontNEM-100%
- AlphabetGOOG-100%
- UBS Group AGUBS-100%
- Grupo Financiero Galicia S.AGGAL-100%
- Teck ResourcesTECK-100%
- Deutsche Bank AktiengesellschaftDB-100%
- Vale S AVALE-100%
- NvidiaNVDA-100%
- SalesforceCRM-100%
- JPMorgan ChaseJPM-100%
- Global X FDSCOPX-100%
- Comstock ResourcesCRK-100%
- Ishares Silver TRSLV-100%
- IsharesTUR-100%
Holdings
- Vaneck ETF TrustGDX
- Share
- 18.8%
- Value
- $58m
- Shares
- 767,100
+276%
- Vista Energy S.A.B. de C.V.VIST
- Share
- 14.8%
- Value
- $45m
- Shares
- 713,004
+6%
- Itau Unibanco Hldg S AITUB
- Share
- 6.2%
- Value
- $19m
- Shares
- 2,316,513
-4%
- Equinox GoldEQX
- Share
- 6.0%
- Value
- $18m
- Shares
- 1,900,000
-77%
- Eldorado GoldEGO
- Share
- 3.6%
- Value
- $11m
- Shares
- 360,000
+14%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vaneck ETF TrustGDX | 18.8% | $58m | 767,100 | +276% |
| Vista Energy S.A.B. de C.V.VIST | 14.8% | $45m | 713,004 | +6% |
| Joint Stock Co Kaspi.kzKSPI | 11.1% | $34m | 394,491 | -23% |
| Gulfport EnergyGPOR | 7.7% | $24m | 139,899 | -72% |
| Macro BankBMA | 7.2% | $22m | 237,969 | New |
| Nu HoldingsNU | 6.4% | $20m | 1,481,697 | +14% |
| Itau Unibanco Hldg S AITUB | 6.2% | $19m | 2,316,513 | -4% |
| Equinox GoldEQX | 6.0% | $18m | 1,900,000 | -77% |
| MercadoLibreMELI | 6.0% | $18m | 10,830 | Held |
| Petrobras - Petroleo Brasileiro SAPBR | 4.9% | $15m | 937,800 | New |
| YPF Sociedad AnonimaYPF | 4.7% | $14m | 317,699 | New |
| Eldorado GoldEGO | 3.6% | $11m | 360,000 | +14% |
| Corporacion America AirportsCAAP | 2.5% | $8m | 308,364 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 45.2% since 30 June 2025.
Where the money is
Energy17.3%
Technology17.1%
Financial services13.6%
Materials9.6%
Industrials2.5%
Other39.8%
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.