Asia Research & Capital Management Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Asia Research & Capital Management Ltd reported 4 stock positions worth $115.9 million. Its top holding was Teck Resources Ltd.-CLS B (TECK) at 35.4% of the portfolio, followed by Freeport-McMoran (FCX, 30.3%) and Southwestern Energy (SWN, 17.3%). Compared with Q1 2024, it opened 1 new position, added to 1 and reduced 2. The biggest buy was a new position in Expand Energy (EXE) and the biggest sale Freeport-McMoran (FCX, shares −83%).

Most Recent 13F
Q3 2025
Location
HONG KONG, K3
CIK
0001668453
Portfolio Value
$115.9M (Q2 2024)
SEC Filing
0001104659-24-089108 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $359.8M Q1 2024 Q2 2024: $115.9M $115.9M Q2 2024 Q3 2024: $217.2M Q3 2024 Q4 2024: $0 Q4 2024 Q1 2025: $0 Q1 2025 Q2 2025: $0 Q2 2025 Q3 2025: $0 Q3 2025

Holdings 4 stocks · $115.9M
TECK Teck Resources Ltd.-CLS B 35.40% 856,521 $41.0M Reduce -75.3%
FCX Freeport-McMoran Inc. 30.26% 721,659 $35.1M Reduce -82.9%
SWN Southwestern Energy Co. 17.27% 2,974,605 $20.0M Add +697.8%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 17.06% 240,500 $19.8M New

Portfolio Sells Q1 2024 → Q2 2024
FCX Freeport-McMoran Inc. Reduce -82.9% 30.26% −24.76
TECK Teck Resources Ltd.-CLS B Reduce -75.3% 35.40% −8.79

Portfolio Buys Q1 2024 → Q2 2024
EXE Expand Energy Corp. New 17.06% +17.06
SWN Southwestern Energy Co. Add +697.8% 17.27% +16.49

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 0$0
Q2 2025 0$0
Q1 2025 0$0
Q4 2024 0$0
Q3 2024 5$217.2MEXE, EQT, SWN, AA, FCX
Q2 2024 4$115.9MTECK, FCX, SWN, EXE
Q1 2024 3$359.8MFCX, TECK, SWN