Eschler Asset Management LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Eschler Asset Management LLP reported 100 stock positions worth $154.6 million. Its top holding was Strategy (MSTR) at 9.3% of the portfolio, followed by Vaneck Junior Gold Miners (GDXJ, 9.0%) and Vaneck Gold Miners ETF (GDX, 6.5%). Compared with Q4 2023, it opened 55 new positions, sold out of 27, added to 12 and reduced 16. The biggest buy was a new position in Strategy (MSTR) and the biggest sale Newmont (NEM, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001910874
- Portfolio Value
- $154.6M (Q1 2024)
- SEC Filing
- 0000919574-24-003025 ↗ filed May 15, 2024
Holdings Value
Holdings 100 stocks · $154.6M
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 9.26% | 8,400 | $14.3M | New |
| GDXJ Vaneck Junior Gold Miners | 8.96% | 368,930 | $13.8M | Add +23.0% |
| GDX Vaneck Gold Miners ETF | 6.48% | 316,659 | $10.0M | Add +5.5% |
| FCX Freeport-McMoran Inc. | 6.08% | 200,000 | $9.4M | No change |
| AEM Agnico Eagle Mines Ltd. | 5.79% | 150,000 | $8.9M | Reduce -30.9% |
| RIO Rio Tinto PLC-Spon ADR | 3.59% | 84,100 | $5.5M | Add +10.5% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 3.03% | 409,200 | $4.7M | Add +2.7% |
| PDD PDD Holdings Inc. | 2.69% | 35,764 | $4.2M | New |
| HQH Abrdn Healthcare Investors | 2.62% | 243,560 | $4.1M | Reduce -7.6% |
| NEM Newmont Corp. | 2.32% | 100,000 | $3.6M | Reduce -60.0% |
| GOOGL Alphabet Inc. Class A | 1.94% | 19,758 | $3.0M | New |
| RA Brookfield Real Assets Incom | 1.92% | 229,500 | $3.0M | No change |
| IAUX I-80 Gold Corp. | 1.73% | 2,000,000 | $2.7M | Add +33.3% |
| META Meta Platforms Inc. Class A | 1.70% | 5,405 | $2.6M | Reduce -0.4% |
| IMCR Immunocore Holdings PLC-ADR | 1.68% | 40,000 | $2.6M | No change |
| INDA iShares MSCI India ETF | 1.40% | 42,000 | $2.2M | Add +74.3% |
| AZO AutoZone Inc. | 1.22% | 598 | $1.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.09% | 3,310 | $1.7M | Reduce -13.8% |
| CPNG Coupang Inc. | 1.05% | 91,100 | $1.6M | No change |
| MELI MercadoLibre Inc. | 1.03% | 1,055 | $1.6M | Reduce -21.2% |
| FSK FS KKR Capital Corp. | 1.02% | 82,800 | $1.6M | Add +3.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 1.01% | 12,160 | $1.6M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.99% | 34,900 | $1.5M | New |
| MSFT Microsoft Corp. | 0.98% | 3,609 | $1.5M | New |
| HTHT H World Group Ltd.-ADR | 0.95% | 38,000 | $1.5M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.90% | 116,475 | $1.4M | New |
| UPST Upstart Holdings Inc. | 0.87% | 50,000 | $1.3M | New |
| SVM Silvercorp Metals Inc. | 0.86% | 406,634 | $1.3M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.82% | 2 | $1.3M | No change |
| IIPR Innovative Industrial Proper | 0.80% | 12,013 | $1.2M | Add +56.9% |
| TLT iShares 20+ Year Treasury BD | 0.79% | 12,900 | $1.2M | New |
| BLK BlackRock Finance Inc. | 0.79% | 1,459 | $1.2M | No change |
| OR Osisko Gold Royalties Ltd. | 0.78% | 73,800 | $1.2M | New |
| PSEC Prospect Capital Corp. | 0.76% | 215,000 | $1.2M | Add +22.9% |
| PSLV Sprott Physical Silver Trust | 0.76% | 140,000 | $1.2M | New |
| VIPS Vipshop Holdings Ltd. - ADR | 0.74% | 69,475 | $1.2M | Add +26.7% |
| GLOB Globant SA | 0.72% | 5,500 | $1.1M | New |
| VKTX Viking Therapeutics Inc. | 0.65% | 12,292 | $1.0M | New |
| GRAB Grab Holdings Ltd. Class A | 0.65% | 317,800 | $998K | New |
| AGI Alamos Gold Inc. Class A | 0.64% | 81,500 | $987K | Reduce -48.7% |
| PYPL PayPal Holdings Inc. | 0.58% | 13,501 | $904K | Add +204.2% |
| HDB HDFC Bank Ltd.-ADR | 0.57% | 15,800 | $884K | Reduce -53.0% |
| OKTA Okta Inc. | 0.57% | 8,371 | $876K | New |
| LYFT LYFT Inc. Class A | 0.53% | 42,591 | $824K | New |
| FSLR First Solar Inc. | 0.53% | 4,827 | $815K | Add +79.1% |
| AAP Advance Auto Parts Inc. | 0.50% | 11,640 | $778K | New |
| HIMS Hims & Hers Health Inc. | 0.49% | 48,926 | $757K | New |
| EQX Equinox Gold Corp. | 0.49% | 125,000 | $753K | New |
| IAG Iamgold Corp. | 0.48% | 223,000 | $743K | New |
| DOCN Digitalocean Holdings Inc. | 0.46% | 18,667 | $713K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 1,692 | $712K | Reduce -43.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.45% | 2,808 | $702K | New |
| PROSHARES VIX SHORT-TERM FUT | 0.45% | 54,049 | $700K | New |
| FINV Finvolution Group-ADR | 0.44% | 136,364 | $687K | New |
| IBKR Interactive Brokers Gro Class A | 0.44% | 6,111 | $684K | No change |
| EWY iShares MSCI South Korea ETF | 0.41% | 9,400 | $631K | New |
| STLA Stellantis NV | 0.40% | 22,000 | $623K | New |
| SILV Silvercrest Metals Inc. | 0.40% | 111,078 | $613K | Reduce -53.6% |
| ASPN Aspen Aerogels Inc. | 0.38% | 33,082 | $582K | New |
| SE Sea Ltd.-ADR | 0.37% | 11,942 | $579K | New |
| FBTC Fidelity Wise Origin Bitcoin | 0.36% | 9,000 | $559K | New |
| OPP Rivernrth/Doublelne STR Opp | 0.36% | 64,556 | $552K | Reduce -4.4% |
| GCT Gigacloud Technology Inc. Class A | 0.35% | 20,463 | $547K | New |
| MAG Mag Silver Corp. | 0.35% | 60,000 | $541K | New |
| VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD | 0.34% | 50,000 | $526K | New |
| SA Seabridge Gold Inc. | 0.34% | 50,000 | $526K | No change |
| VAL Valaris Ltd. | 0.33% | 8,150 | $510K | New |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.32% | 30,000 | $490K | No change |
| KKR KKR & Co. Inc. | 0.31% | 4,815 | $486K | No change |
| ACLX Arcellx Inc. | 0.31% | 6,787 | $472K | New |
| PAR Par Technology Corp. | 0.30% | 10,557 | $463K | New |
| FC Franklin Covey Co. | 0.29% | 11,743 | $448K | New |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.29% | 30,227 | $447K | No change |
| SDHY Pgim SHRT Durat Hi YLD | 0.26% | 26,500 | $406K | No change |
| BHC Bausch Health Cos Inc. | 0.26% | 37,506 | $398K | New |
| IIF Morgan Stanley India Invest | 0.25% | 16,536 | $380K | New |
| ALLY Ally Financial Inc. | 0.24% | 9,300 | $377K | New |
| HFRO Highland Opport & Income | 0.24% | 55,000 | $375K | New |
| AMZN Amazon.com Inc. | 0.24% | 2,040 | $368K | Reduce -83.0% |
| PINS Pinterest Inc. Class A | 0.21% | 9,230 | $321K | New |
| GLBE Global-E Online Ltd. | 0.20% | 9,086 | $308K | New |
| RTO Rentokil Initial PLC-SP ADR | 0.20% | 10,000 | $302K | New |
| GREK Global X MSCI Greece ETF | 0.19% | 7,312 | $293K | New |
| LXU LSB Industries Inc. | 0.18% | 32,076 | $282K | New |
| YUMC Yum China Holdings Inc. | 0.17% | 6,780 | $270K | New |
| RBLX Roblox Corp. Class A | 0.17% | 6,850 | $262K | Reduce -4.0% |
| MKTW Marketwise Inc. | 0.17% | 110,851 | $258K | No change |
| BEN Franklin Templeton Inc. | 0.16% | 8,667 | $244K | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.15% | 9,000 | $238K | New |
| GLNG Golar LNG Ltd. | 0.14% | 9,250 | $223K | New |
| ABEV Ambev SA-ADR | 0.13% | 80,500 | $200K | Reduce -86.6% |
| XEADX Allspring Income Opport | 0.12% | 29,000 | $192K | No change |
| WBD Warner Bros Discovery Inc. | 0.11% | 19,386 | $169K | Reduce -4.5% |
| NCV Virtus Convertible & Income | 0.10% | 45,000 | $149K | New |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.09% | 55,878 | $133K | New |
| VOXR Vox Royalty Corp. | 0.07% | 60,000 | $113K | New |
| MLCO Melco Resorts & Entert-ADR | 0.07% | 14,000 | $101K | New |
| JPC Nuveen Prefered & Income Opp | 0.06% | 12,000 | $86K | Reduce -69.2% |
| GROY Gold Royalty Corp. | 0.05% | 62,731 | $83K | New |
| YSG Yatsen Holding Ltd.-ADR | 0.04% | 30,000 | $63K | New |
Portfolio Sells Q4 2023 → Q1 2024
| NEM Newmont Corp. | Reduce -60.0% | 2.32% | −5.89 |
| AEM Agnico Eagle Mines Ltd. | Reduce -30.9% | 5.79% | −3.66 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.89 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.33 |
| HDB HDFC Bank Ltd.-ADR | Reduce -53.0% | 0.57% | −1.22 |
| AMZN Amazon.com Inc. | Reduce -83.0% | 0.24% | −1.21 |
| ABEV Ambev SA-ADR | Reduce -86.6% | 0.13% | −1.20 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −1.06 |
| AGI Alamos Gold Inc. Class A | Reduce -48.7% | 0.64% | −1.06 |
| XAODX Abrdn Total Dynamic Dividend | Sold out | 0.00% | −1.00 |
| HQH Abrdn Healthcare Investors | Reduce -7.6% | 2.62% | −0.99 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.74 |
| MELI MercadoLibre Inc. | Reduce -21.2% | 1.03% | −0.67 |
| BLOK Amplify Blockchain Tech ETF | Sold out | 0.00% | −0.64 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.61 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.60 |
| DPG Duff & Phelps Utility & Inc. | Sold out | 0.00% | −0.50 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -43.5% | 0.46% | −0.47 |
| SILV Silvercrest Metals Inc. | Reduce -53.6% | 0.40% | −0.45 |
| WAL Western Alliance Bancorp | Sold out | 0.00% | −0.42 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.39 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.35 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.34 |
| FSM Fortuna Silver Mines Inc. | Sold out | 0.00% | −0.34 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.33 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −0.29 |
| NXE Nexgen Energy Ltd. | Sold out | 0.00% | −0.28 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.27 |
| JFR Nuveen Floating Rate Income | Sold out | 0.00% | −0.27 |
| RTX RTX Corp. | Sold out | 0.00% | −0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.8% | 1.09% | −0.26 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.25 |
| EVER Everquote Inc. Class A | Sold out | 0.00% | −0.25 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.24 |
| STNE Stoneco Ltd. Class A | Sold out | 0.00% | −0.23 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.23 |
| HAS Hasbro Inc. | Sold out | 0.00% | −0.20 |
| WLY Wiley (john) & Sons Class A | Sold out | 0.00% | −0.17 |
| JPC Nuveen Prefered & Income Opp | Reduce -69.2% | 0.06% | −0.17 |
| OPP Rivernrth/Doublelne STR Opp | Reduce -4.4% | 0.36% | −0.10 |
| RBLX Roblox Corp. Class A | Reduce -4.0% | 0.17% | −0.09 |
| WBD Warner Bros Discovery Inc. | Reduce -4.5% | 0.11% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 1.70% | +0.18 |
Portfolio Buys Q4 2023 → Q1 2024
| MSTR Strategy Inc. | New | 9.26% | +9.26 |
| PDD PDD Holdings Inc. | New | 2.69% | +2.69 |
| GOOGL Alphabet Inc. Class A | New | 1.94% | +1.94 |
| KSPI JSC Kaspi.kz ADR | New | 1.01% | +1.01 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.99% | +0.99 |
| MSFT Microsoft Corp. | New | 0.98% | +0.98 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.90% | +0.90 |
| UPST Upstart Holdings Inc. | New | 0.87% | +0.87 |
| SVM Silvercorp Metals Inc. | New | 0.86% | +0.86 |
| TLT iShares 20+ Year Treasury BD | New | 0.79% | +0.79 |
| OR Osisko Gold Royalties Ltd. | New | 0.78% | +0.78 |
| PSLV Sprott Physical Silver Trust | New | 0.76% | +0.76 |
| GLOB Globant SA | New | 0.72% | +0.72 |
| VKTX Viking Therapeutics Inc. | New | 0.65% | +0.65 |
| GRAB Grab Holdings Ltd. Class A | New | 0.65% | +0.65 |
| OKTA Okta Inc. | New | 0.57% | +0.57 |
| LYFT LYFT Inc. Class A | New | 0.53% | +0.53 |
| AAP Advance Auto Parts Inc. | New | 0.50% | +0.50 |
| HIMS Hims & Hers Health Inc. | New | 0.49% | +0.49 |
| EQX Equinox Gold Corp. | New | 0.49% | +0.49 |
| IAG Iamgold Corp. | New | 0.48% | +0.48 |
| DOCN Digitalocean Holdings Inc. | New | 0.46% | +0.46 |
| AJG Arthur J Gallagher & Co. | New | 0.45% | +0.45 |
| PROSHARES VIX SHORT-TERM FUT | New | 0.45% | +0.45 |
| FINV Finvolution Group-ADR | New | 0.44% | +0.44 |
| INDA iShares MSCI India ETF | Add +74.3% | 1.40% | +0.44 |
| EWY iShares MSCI South Korea ETF | New | 0.41% | +0.41 |
| STLA Stellantis NV | New | 0.40% | +0.40 |
| ASPN Aspen Aerogels Inc. | New | 0.38% | +0.38 |
| SE Sea Ltd.-ADR | New | 0.37% | +0.37 |
| PYPL PayPal Holdings Inc. | Add +204.2% | 0.58% | +0.37 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.36% | +0.36 |
| GCT Gigacloud Technology Inc. Class A | New | 0.35% | +0.35 |
| MAG Mag Silver Corp. | New | 0.35% | +0.35 |
| VINP Vinci Compass Investments LT | New | 0.34% | +0.34 |
| VAL Valaris Ltd. | New | 0.33% | +0.33 |
| ACLX Arcellx Inc. | New | 0.31% | +0.31 |
| PAR Par Technology Corp. | New | 0.30% | +0.30 |
| FC Franklin Covey Co. | New | 0.29% | +0.29 |
| BHC Bausch Health Cos Inc. | New | 0.26% | +0.26 |
| IIF Morgan Stanley India Invest | New | 0.25% | +0.25 |
| ALLY Ally Financial Inc. | New | 0.24% | +0.24 |
| HFRO Highland Opport & Income | New | 0.24% | +0.24 |
| PINS Pinterest Inc. Class A | New | 0.21% | +0.21 |
| GLBE Global-E Online Ltd. | New | 0.20% | +0.20 |
| RTO Rentokil Initial PLC-SP ADR | New | 0.20% | +0.20 |
| IIPR Innovative Industrial Proper | Add +56.9% | 0.80% | +0.19 |
| GREK Global X MSCI Greece ETF | New | 0.19% | +0.19 |
| LXU LSB Industries Inc. | New | 0.18% | +0.18 |
| YUMC Yum China Holdings Inc. | New | 0.17% | +0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 33 | $55.9M | VXUS, VOO, GOOG, ITA, KSPI |
| Q1 2026 | 33 | $100.3M | GDXJ, IAUX, NEM, GOOG, VXUS |
| Q4 2025 | 55 | $147.1M | GDXJ, AGI, NEM, IAUX, HL |
| Q3 2025 | 67 | $134.9M | GDS, NEM, NGD, SE, AGI |
| Q2 2025 | 57 | $132.6M | BE, AGI, GDS, GDXJ, NGD |
| Q1 2025 | 41 | $40.4M | RIO, META, AGI, GOOGL, BRK.A |
| Q4 2024 | 49 | $42.5M | RIO, META, GOOGL, MSTR, BLK |
| Q3 2024 | 65 | $67.0M | MSTR, PDD, FBTC, META, GOOGL |
| Q2 2024 | 50 | $127.2M | AEM, GDXJ, GDX, FCX, MSTR |
| Q1 2024 | 100 | $154.6M | MSTR, GDXJ, GDX, FCX, AEM |