Eschler Asset Management LLP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Eschler Asset Management LLP reported 50 stock positions worth $127.2 million. Its top holding was Agnico Eagle Mines (AEM) at 19.9% of the portfolio, followed by Vaneck Junior Gold Miners (GDXJ, 9.9%) and Vaneck Gold Miners ETF (GDX, 7.5%). Compared with Q1 2024, it opened 10 new positions, sold out of 60, added to 12 and reduced 14. The biggest buy was Agnico Eagle Mines (AEM, shares +167%) and the biggest sale an exit from Rio Tinto PLC-Spon ADR (RIO).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001910874
- Portfolio Value
- $127.2M (Q2 2024)
- SEC Filing
- 0000919574-24-004615 ↗ filed Aug 14, 2024
Holdings Value
Holdings 50 stocks · $127.2M
| AEM Agnico Eagle Mines Ltd. | 19.89% | 400,000 | $25.3M | Add +166.7% |
| GDXJ Vaneck Junior Gold Miners | 9.93% | 324,158 | $12.6M | Reduce -12.1% |
| GDX Vaneck Gold Miners ETF | 7.46% | 300,000 | $9.5M | Reduce -5.3% |
| FCX Freeport-McMoran Inc. | 7.39% | 200,000 | $9.4M | No change |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 6.44% | 6,000 | $8.2M | Reduce -28.6% |
| IAUX I-80 Gold Corp. | 5.08% | 5,500,000 | $6.5M | Add +175.0% |
| AGI Alamos Gold Inc. Class A | 5.03% | 408,500 | $6.4M | Add +401.2% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 3.42% | 386,300 | $4.4M | Reduce -5.6% |
| PDD PDD Holdings Inc. | 3.41% | 32,600 | $4.3M | Reduce -8.8% |
| FBTC Fidelity Wise Origin Bitcoin | 2.82% | 65,000 | $3.6M | Add +622.2% |
| NEM Newmont Corp. | 2.82% | 100,000 | $3.6M | No change |
| IMCR Immunocore Holdings PLC-ADR | 2.04% | 40,000 | $2.6M | No change |
| GOOG Alphabet Inc. Class C | 1.84% | 16,140 | $2.3M | New |
| AZO AutoZone Inc. | 1.71% | 733 | $2.2M | Add +22.6% |
| META Meta Platforms Inc. Class A | 1.68% | 5,355 | $2.1M | Reduce -0.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.44% | 3 | $1.8M | Add +50.0% |
| BLK BlackRock Finance Inc. | 1.14% | 2,138 | $1.5M | Add +46.5% |
| HDB HDFC Bank Ltd.-ADR | 1.12% | 22,200 | $1.4M | Add +40.5% |
| NTES Netease Inc.-ADR | 1.06% | 14,000 | $1.4M | New |
| UPST Upstart Holdings Inc. | 1.06% | 50,000 | $1.3M | No change |
| TSLA Tesla Inc. | 1.04% | 6,617 | $1.3M | New |
| MSFT Microsoft Corp. | 0.82% | 2,407 | $1.0M | Reduce -33.3% |
| TLT iShares 20+ Year Treasury BD | 0.73% | 10,135 | $930K | Reduce -21.4% |
| SILV Silvercrest Metals Inc. | 0.71% | 111,078 | $900K | No change |
| SCHW Schwab (charles) Corp. | 0.60% | 10,345 | $762K | New |
| LEA Lear Corp. | 0.58% | 6,500 | $743K | New |
| SPGI S&P Global Inc. | 0.58% | 1,645 | $734K | New |
| IBKR Interactive Brokers Gro Class A | 0.56% | 5,800 | $711K | Reduce -5.1% |
| AAP Advance Auto Parts Inc. | 0.55% | 11,640 | $695K | No change |
| MAG Mag Silver Corp. | 0.55% | 60,000 | $695K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 1,692 | $688K | No change |
| SA Seabridge Gold Inc. | 0.52% | 50,000 | $667K | No change |
| PROSHARES VIX SHORT-TERM FUT | 0.48% | 56,478 | $607K | Add +4.5% |
| VAL Valaris Ltd. | 0.44% | 7,750 | $557K | Reduce -4.9% |
| RTO Rentokil Initial PLC-SP ADR | 0.43% | 18,500 | $549K | Add +85.0% |
| VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD | 0.43% | 50,000 | $545K | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.40% | 1,969 | $511K | Reduce -29.9% |
| LBRDK Liberty Broadband-C | 0.39% | 9,000 | $493K | New |
| PYPL PayPal Holdings Inc. | 0.38% | 9,033 | $479K | Reduce -33.1% |
| IBN Icici Bank Ltd.-Spon ADR | 0.34% | 15,100 | $435K | Add +67.8% |
| KKR KKR & Co. Inc. | 0.32% | 4,815 | $401K | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 0.25% | 27,409 | $324K | Reduce -60.5% |
| PINS Pinterest Inc. Class A | 0.25% | 9,230 | $322K | No change |
| CNH CNH Industrial NV | 0.25% | 31,712 | $321K | New |
| AMZN Amazon.com Inc. | 0.25% | 2,040 | $312K | No change |
| SE Sea Ltd.-ADR | 0.22% | 4,000 | $286K | Reduce -66.5% |
| VOXR Vox Royalty Corp. | 0.18% | 85,000 | $226K | Add +41.7% |
| RBLX Roblox Corp. Class A | 0.16% | 6,850 | $202K | No change |
| B Barrick Gold Corp. | 0.16% | 12,000 | $200K | New |
| YMM Full Truck Alliance -SPN ADR | 0.11% | 17,800 | $140K | New |
Portfolio Sells Q1 2024 → Q2 2024
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −3.59 |
| MSTR Strategy Inc. | Reduce -28.6% | 6.44% | −2.82 |
| HQH Abrdn Healthcare Investors | Sold out | 0.00% | −2.62 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.94 |
| RA Brookfield Real Assets Incom | Sold out | 0.00% | −1.92 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −1.40 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −1.09 |
| CPNG Coupang Inc. | Sold out | 0.00% | −1.05 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −1.03 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −1.02 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −1.01 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.99 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.95 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.90 |
| SVM Silvercorp Metals Inc. | Sold out | 0.00% | −0.86 |
| IIPR Innovative Industrial Proper | Sold out | 0.00% | −0.80 |
| OR Osisko Gold Royalties Ltd. | Sold out | 0.00% | −0.78 |
| PSEC Prospect Capital Corp. | Sold out | 0.00% | −0.76 |
| PSLV Sprott Physical Silver Trust | Sold out | 0.00% | −0.76 |
| GLOB Globant SA | Sold out | 0.00% | −0.72 |
| VKTX Viking Therapeutics Inc. | Sold out | 0.00% | −0.65 |
| GRAB Grab Holdings Ltd. Class A | Sold out | 0.00% | −0.65 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.57 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −0.53 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.53 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -60.5% | 0.25% | −0.49 |
| HIMS Hims & Hers Health Inc. | Sold out | 0.00% | −0.49 |
| EQX Equinox Gold Corp. | Sold out | 0.00% | −0.49 |
| IAG Iamgold Corp. | Sold out | 0.00% | −0.48 |
| DOCN Digitalocean Holdings Inc. | Sold out | 0.00% | −0.46 |
| FINV Finvolution Group-ADR | Sold out | 0.00% | −0.44 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.41 |
| STLA Stellantis NV | Sold out | 0.00% | −0.40 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.38 |
| OPP Rivernrth/Doublelne STR Opp | Sold out | 0.00% | −0.36 |
| GCT Gigacloud Technology Inc. Class A | Sold out | 0.00% | −0.35 |
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −0.32 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.31 |
| PAR Par Technology Corp. | Sold out | 0.00% | −0.30 |
| FC Franklin Covey Co. | Sold out | 0.00% | −0.29 |
| XFFCX Flaherty & Crumrine Pref Inc. | Sold out | 0.00% | −0.29 |
| SDHY Pgim SHRT Durat Hi YLD | Sold out | 0.00% | −0.26 |
| BHC Bausch Health Cos Inc. | Sold out | 0.00% | −0.26 |
| IIF Morgan Stanley India Invest | Sold out | 0.00% | −0.25 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −0.24 |
| HFRO Highland Opport & Income | Sold out | 0.00% | −0.24 |
| PYPL PayPal Holdings Inc. | Reduce -33.1% | 0.38% | −0.21 |
| GLBE Global-E Online Ltd. | Sold out | 0.00% | −0.20 |
| GREK Global X MSCI Greece ETF | Sold out | 0.00% | −0.19 |
| LXU LSB Industries Inc. | Sold out | 0.00% | −0.18 |
Portfolio Buys Q1 2024 → Q2 2024
| AEM Agnico Eagle Mines Ltd. | Add +166.7% | 19.89% | +14.10 |
| AGI Alamos Gold Inc. Class A | Add +401.2% | 5.03% | +4.39 |
| IAUX I-80 Gold Corp. | Add +175.0% | 5.08% | +3.34 |
| FBTC Fidelity Wise Origin Bitcoin | Add +622.2% | 2.82% | +2.46 |
| GOOG Alphabet Inc. Class C | New | 1.84% | +1.84 |
| NTES Netease Inc.-ADR | New | 1.06% | +1.06 |
| TSLA Tesla Inc. | New | 1.04% | +1.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +50.0% | 1.44% | +0.62 |
| SCHW Schwab (charles) Corp. | New | 0.60% | +0.60 |
| LEA Lear Corp. | New | 0.58% | +0.58 |
| SPGI S&P Global Inc. | New | 0.58% | +0.58 |
| HDB HDFC Bank Ltd.-ADR | Add +40.5% | 1.12% | +0.55 |
| AZO AutoZone Inc. | Add +22.6% | 1.71% | +0.49 |
| LBRDK Liberty Broadband-C | New | 0.39% | +0.39 |
| BLK BlackRock Finance Inc. | Add +46.5% | 1.14% | +0.36 |
| CNH CNH Industrial NV | New | 0.25% | +0.25 |
| RTO Rentokil Initial PLC-SP ADR | Add +85.0% | 0.43% | +0.24 |
| IBN Icici Bank Ltd.-Spon ADR | Add +67.8% | 0.34% | +0.19 |
| B Barrick Gold Corp. | New | 0.16% | +0.16 |
| YMM Full Truck Alliance -SPN ADR | New | 0.11% | +0.11 |
| VOXR Vox Royalty Corp. | Add +41.7% | 0.18% | +0.10 |
| PROSHARES VIX SHORT-TERM FUT | Add +4.5% | 0.48% | +0.02 |
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 |