Eschler Asset Management LLP

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Eschler Asset Management LLP reported 33 stock positions worth $55.9 million. Its top holding was Vanguard Total Intl Stock (VXUS) at 9.5% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 9.3%) and Alphabet Class C (GOOG, 9.2%). Compared with Q1 2026, it opened 11 new positions, sold out of 11, added to 4 and reduced 8. The biggest buy was a new position in iShares U.S. Aerospace & Def (ITA) and the biggest sale Vaneck Junior Gold Miners (GDXJ, shares −93%).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001910874
Portfolio Value
$55.9M (Q2 2026)
SEC Filing
0000919574-26-005268 ↗ filed Aug 14, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $154.6M Q1 2024 Q2 2024: $127.2M Q2 2024 Q3 2024: $67.0M Q3 2024 Q4 2024: $42.5M Q4 2024 Q1 2025: $40.4M Q1 2025 Q2 2025: $132.6M Q2 2025 Q3 2025: $134.9M Q3 2025 Q4 2025: $147.1M Q4 2025 Q1 2026: $100.3M Q1 2026 Q2 2026: $55.9M $55.9M Q2 2026

Holdings 33 stocks · $55.9M
VXUS Vanguard Total Intl Stock 9.52% 62,218 $5.3M No change
VOO Vanguard S&P 500 ETF 9.28% 7,552 $5.2M No change
GOOG Alphabet Inc. Class C 9.19% 14,540 $5.1M Reduce -51.0%
ITA iShares U.S. Aerospace & Def 8.92% 20,571 $5.0M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 5.89% 37,983 $3.3M Add +20.7%
META Meta Platforms Inc. Class A 5.40% 5,355 $3.0M No change
VGSH Vanguard Short-Term Treasury 5.07% 48,682 $2.8M New
TSM Taiwan Semiconductor-SP ADR 4.53% 5,305 $2.5M Add +430.5%
SNDK Sandisk Corp. 4.50% 1,105 $2.5M New
XLI SS Industrial Select Sector 4.33% 13,074 $2.4M New
MELI MercadoLibre Inc. 2.80% 921 $1.6M Add +22.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 2.68% 112,000 $1.5M Add +60.0%
HLT Hilton Worldwide Holdings Inc. 2.58% 4,358 $1.4M New
GDXJ Vaneck Junior Gold Miners 2.50% 14,245 $1.4M Reduce -93.2%
NVDA Nvidia Corp. 1.96% 5,478 $1.1M Reduce -5.3%
HOOD Robinhood Markets Inc. Class A 1.95% 10,876 $1.1M New
HRB H&R Block Inc. filed as BLOCK H & R INC 1.84% 27,000 $1.0M New
DUOL Duolingo 1.61% 7,806 $898K New
HCA HCA Healthcare Inc. 1.53% 2,190 $854K Reduce -5.4%
CPRT Copart Inc. 1.51% 30,000 $846K New
VAL Valaris Ltd. 1.47% 11,300 $820K Reduce -21.0%
SAM Boston Beer Company Inc. Class A 1.46% 4,600 $814K No change
NRP Natural Resource Partners LP 1.39% 8,000 $776K No change
NOW ServiceNow Inc. 1.23% 6,900 $685K No change
BZ Kanzhun Ltd. - ADR 1.22% 53,000 $682K Reduce -78.8%
BLK BlackRock Inc. 1.20% 696 $669K Reduce -5.4%
AMZN Amazon.com Inc. 0.87% 2,040 $486K No change
RERE Atrenew Inc. 0.86% 124,600 $482K Reduce -12.4%
VOXR Vox Royalty Corp. 0.86% 102,000 $481K New
RBLX Roblox Corp. Class A 0.67% 6,850 $372K No change
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 0.44% 24,600 $246K No change
MRVL Marvell Technology Inc. 0.43% 800 $238K New
BHC Bausch Health Cos Inc. 0.33% 37,506 $185K No change

Options reported separately and not counted above: ISHARES INC puts ($312K).

Portfolio Sells Q1 2026 → Q2 2026
GDXJ Vaneck Junior Gold Miners Reduce -93.2% 2.50% −22.68
IAUX I-80 Gold Corp. Sold out 0.00% −13.64
NEM Newmont Corp. Sold out 0.00% −10.79
BE Bloom Energy Corp. Class A Sold out 0.00% −4.73
IMCR Immunocore Holdings PLC-ADR Sold out 0.00% −2.40
BZ Kanzhun Ltd. - ADR Reduce -78.8% 1.22% −2.12
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −1.50
EQT Eqt Corp. Sold out 0.00% −0.94
BLDR Builders Firstsource Inc. Sold out 0.00% −0.79
IPI Intrepid Potash Inc. Sold out 0.00% −0.79
RIG Transocean Ltd. Sold out 0.00% −0.62
HSAI Hesai Group Sold out 0.00% −0.33
KWEB Kranesh Csi China Internet Sold out 0.00% −0.31
VAL Valaris Ltd. Reduce -21.0% 1.47% +0.07
RERE Atrenew Inc. Reduce -12.4% 0.86% +0.20
HCA HCA Healthcare Inc. Reduce -5.4% 1.53% +0.44
BLK BlackRock Inc. Reduce -5.4% 1.20% +0.49
GOOG Alphabet Inc. Class C Reduce -51.0% 9.19% +0.70
NVDA Nvidia Corp. Reduce -5.3% 1.96% +0.96

Portfolio Buys Q1 2026 → Q2 2026
ITA iShares U.S. Aerospace & Def New 8.92% +8.92
VGSH Vanguard Short-Term Treasury New 5.07% +5.07
SNDK Sandisk Corp. New 4.50% +4.50
XLI SS Industrial Select Sector New 4.33% +4.33
TSM Taiwan Semiconductor-SP ADR Add +430.5% 4.53% +4.20
KSPI JSC Kaspi.kz ADR Add +20.7% 5.89% +3.57
HLT Hilton Worldwide Holdings Inc. New 2.58% +2.58
HOOD Robinhood Markets Inc. Class A New 1.95% +1.95
HRB H&R Block Inc. New 1.84% +1.84
NU Nu Holdings Ltd./Cayman Isl-A Add +60.0% 2.68% +1.67
DUOL Duolingo New 1.61% +1.61
CPRT Copart Inc. New 1.51% +1.51
MELI MercadoLibre Inc. Add +22.8% 2.80% +1.50
VOXR Vox Royalty Corp. New 0.86% +0.86
MRVL Marvell Technology Inc. New 0.43% +0.43

Options Activity Q1 2026 → Q2 2026
ISHARES INC put New 350 $312K

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 33$55.9MVXUS, VOO, GOOG, ITA, KSPI
Q1 2026 33$100.3MGDXJ, IAUX, NEM, GOOG, VXUS
Q4 2025 55$147.1MGDXJ, AGI, NEM, IAUX, HL
Q3 2025 67$134.9MGDS, NEM, NGD, SE, AGI
Q2 2025 57$132.6MBE, AGI, GDS, GDXJ, NGD
Q1 2025 41$40.4MRIO, META, AGI, GOOGL, BRK.A
Q4 2024 49$42.5MRIO, META, GOOGL, MSTR, BLK
Q3 2024 65$67.0MMSTR, PDD, FBTC, META, GOOGL
Q2 2024 50$127.2MAEM, GDXJ, GDX, FCX, MSTR
Q1 2024 100$154.6MMSTR, GDXJ, GDX, FCX, AEM