Equinox Partners Investment Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Equinox Partners Investment Management LLC reported 8 stock positions worth $162.6 million. Its top holding was Kosmos Energy (KOS) at 25.8% of the portfolio, followed by Galiano Gold (GAU, 23.5%) and Eldorado Gold (EGO, 11.5%). Compared with Q4 2024, it sold out of 1, added to 5 and reduced 1. The biggest buy was Sprott Physical Silver Trust (PSLV, shares +174%) and the biggest sale Galiano Gold (GAU, shares −5%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0000938552
Portfolio Value
$162.6M (Q1 2025)
SEC Filing
0000938552-25-000002 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $123.1M Q1 2024 Q2 2024: $155.3M Q2 2024 Q3 2024: $145.6M Q3 2024 Q4 2024: $147.0M Q4 2024 Q1 2025: $162.6M $162.6M Q1 2025 Q2 2025: $175.9M Q2 2025 Q3 2025: $185.2M Q3 2025 Q4 2025: $186.2M Q4 2025 Q1 2026: $240.0M Q1 2026 Q2 2026: $207.7M Q2 2026

Holdings 8 stocks · $162.6M
KOS Kosmos Energy Ltd. 25.78% 18,391,280 $41.9M Add +61.0%
GAU Galiano Gold Inc. 23.51% 31,082,506 $38.2M Reduce -5.2%
EGO Eldorado Gold Corp. 11.53% 1,114,810 $18.8M Add +17.4%
GTE Gran Tierra Energy Inc. 11.27% 3,716,114 $18.3M Add +9.6%
PSLV Sprott Physical Silver Trust 10.51% 1,473,000 $17.1M Add +173.8%
VZLA Vizsla Silver Corp. 8.42% 5,991,600 $13.7M No change
ITRG Integra Resources Corp. 7.52% 9,825,138 $12.2M Add +6.9%
OSISKO DEVELOPMENT CORP 1.46% 1,606,335 $2.4M No change

Options reported separately and not counted above: KOSMOS ENERGY LTD puts ($11.9M).

Portfolio Sells Q4 2024 → Q1 2025
GAU Galiano Gold Inc. Reduce -5.2% 23.51% −4.24
PHYS Sprott Physical Gold Trust Sold out 0.00% −1.80

Portfolio Buys Q4 2024 → Q1 2025
PSLV Sprott Physical Silver Trust Add +173.8% 10.51% +6.97
ITRG Integra Resources Corp. Add +6.9% 7.52% +2.13
EGO Eldorado Gold Corp. Add +17.4% 11.53% +1.92
KOS Kosmos Energy Ltd. Add +61.0% 25.78% −0.79
GTE Gran Tierra Energy Inc. Add +9.6% 11.27% −5.41

Options Activity Q4 2024 → Q1 2025
KOSMOS ENERGY LTD put New 5,204,800 $11.9M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$207.7MKOS, GTE, YPF, BTG, VIST
Q1 2026 10$240.0MKOS, GTE, NEWP, GAU, VIST
Q4 2025 11$186.2MGAU, GTE, ITRG, PSLV, NEWP
Q3 2025 9$185.2MGAU, KOS, VZLA, PSLV, GTE
Q2 2025 9$175.9MGAU, KOS, GTE, EGO, PSLV
Q1 2025 8$162.6MKOS, GAU, EGO, GTE, PSLV
Q4 2024 9$147.0MGAU, KOS, GTE, EGO, VZLA
Q3 2024 9$145.6MGAU, KOS, EGO, GTE, VZLA
Q2 2024 9$155.3MGAU, KOS, BTG, EGO, VZLA
Q1 2024 8$123.1MGAU, KOS, BTG, EGO, VZLA