Asia Research & Capital Management Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Asia Research & Capital Management Ltd reported 5 stock positions worth $217.2 million. Its top holding was Expand Energy (EXE) at 66.6% of the portfolio, followed by Eqt (EQT, 21.1%) and Southwestern Energy (SWN, 9.7%). Compared with Q2 2024, it opened 2 new positions, sold out of 1, added to 1 and reduced 1. The biggest buy was Expand Energy (EXE, shares +631%) and the biggest sale an exit from Teck Resources Ltd.-CLS B (TECK).

Most Recent 13F
Q3 2025
Location
HONG KONG, K3
CIK
0001668453
Portfolio Value
$217.2M (Q3 2024)
SEC Filing
0001104659-24-116247 ↗ filed Nov 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $359.8M Q1 2024 Q2 2024: $115.9M Q2 2024 Q3 2024: $217.2M $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 5 stocks · $217.2M
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 66.58% 1,758,117 $144.6M Add +631.0%
EQT Eqt Corp. 21.07% 1,248,833 $45.8M New
SWN Southwestern Energy Co. 9.74% 2,974,605 $21.1M No change
AA Alcoa Corp. 1.77% 99,466 $3.8M New
FCX Freeport-McMoran Inc. 0.85% 37,154 $1.9M Reduce -94.8%

Portfolio Sells Q2 2024 → Q3 2024
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −35.40
FCX Freeport-McMoran Inc. Reduce -94.8% 0.85% −29.41

Portfolio Buys Q2 2024 → Q3 2024
EXE Expand Energy Corp. Add +631.0% 66.58% +49.52
EQT Eqt Corp. New 21.07% +21.07
AA Alcoa Corp. New 1.77% +1.77

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