Eschler Asset Management LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Eschler Asset Management LLP reported 41 stock positions worth $40.4 million. Its top holding was Rio Tinto PLC-Spon ADR (RIO) at 10.5% of the portfolio, followed by Meta Platforms Class A (META, 7.7%) and Alamos Gold Class A (AGI, 6.3%). Compared with Q4 2024, it opened 14 new positions, sold out of 22, added to 7 and reduced 11. The biggest buy was a new position in iShares 20+ Year Treasury BD (TLT) and the biggest sale Strategy (MSTR, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001910874
- Portfolio Value
- $40.4M (Q1 2025)
- SEC Filing
- 0000919574-25-003234 ↗ filed May 15, 2025
Holdings Value
Holdings 41 stocks · $40.4M
| RIO Rio Tinto PLC-Spon ADR | 10.47% | 69,275 | $4.2M | Reduce -27.4% |
| META Meta Platforms Inc. Class A | 7.68% | 5,355 | $3.1M | Reduce -14.3% |
| AGI Alamos Gold Inc. Class A | 6.34% | 95,726 | $2.6M | Add +63.6% |
| GOOGL Alphabet Inc. Class A | 6.29% | 16,298 | $2.5M | Reduce -14.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 5.93% | 3 | $2.4M | No change |
| AZO AutoZone Inc. | 4.38% | 464 | $1.8M | No change |
| TLT iShares 20+ Year Treasury BD | 3.93% | 17,433 | $1.6M | New |
| NGD New Gold Inc. | 3.58% | 390,048 | $1.4M | New |
| BLK BlackRock Inc. | 3.36% | 1,433 | $1.4M | Reduce -35.0% |
| SAND Sandstorm Gold Ltd. | 2.80% | 150,000 | $1.1M | No change |
| MELI MercadoLibre Inc. | 2.56% | 531 | $1.0M | New |
| TIGR Up Fintech Holding Ltd. - ADR | 2.55% | 119,982 | $1.0M | New |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 2.48% | 8,766 | $1.0M | New |
| EQX Equinox Gold Corp. | 2.40% | 140,662 | $968K | New |
| TME Tencent Music Entertainm-ADR | 2.26% | 14,300 | $913K | New |
| XLRE SS Real Estate Select Sector | 2.24% | 21,605 | $904K | New |
| MAG Mag Silver Corp. | 2.08% | 55,000 | $840K | No change |
| NRP Natural Resource Partners LP | 2.06% | 8,000 | $831K | New |
| QXO Qxo Inc. | 2.01% | 60,000 | $812K | New |
| SCHW Schwab (charles) Corp. | 2.00% | 10,345 | $810K | Reduce -3.5% |
| KRYS Krystal Biotech Inc. | 1.97% | 4,403 | $794K | New |
| VIXY Proshares Vix Short-Term Fut | 1.70% | 13,652 | $686K | New |
| VAL Valaris Ltd. | 1.65% | 17,012 | $668K | Add +119.5% |
| RERE Atrenew Inc. | 1.65% | 226,700 | $666K | Add +163.6% |
| NVDA Nvidia Corp. | 1.55% | 5,782 | $624K | New |
| SE Sea Ltd.-ADR | 1.42% | 4,400 | $574K | Reduce -72.5% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 1.39% | 59,600 | $563K | Add +70.8% |
| KKR KKR & Co. Inc. | 1.38% | 4,815 | $559K | No change |
| AMZN Amazon.com Inc. | 1.04% | 2,211 | $420K | Add +8.4% |
| SA Seabridge Gold Inc. | 1.01% | 35,000 | $408K | Add +40.0% |
| RBLX Roblox Corp. Class A | 0.99% | 6,850 | $399K | No change |
| PDD PDD Holdings Inc. | 0.94% | 3,200 | $379K | Reduce -36.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.78% | 10,000 | $315K | Reduce -44.4% |
| EH Ehang Holdings Ltd.-SPS ADR | 0.72% | 13,988 | $292K | New |
| PINS Pinterest Inc. Class A | 0.71% | 9,230 | $286K | No change |
| RTO Rentokil Initial PLC-SP ADR | 0.71% | 12,458 | $285K | Reduce -3.9% |
| LXU LSB Industries Inc. | 0.64% | 39,500 | $260K | Add +31.7% |
| VOXR Vox Royalty Corp. | 0.61% | 85,000 | $248K | No change |
| BHC Bausch Health Cos Inc. | 0.60% | 37,506 | $244K | No change |
| PYPL PayPal Holdings Inc. | 0.60% | 3,730 | $242K | Reduce -43.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.53% | 749 | $216K | Reduce -92.3% |
Portfolio Sells Q4 2024 → Q1 2025
| MSTR Strategy Inc. | Reduce -92.3% | 0.53% | −6.10 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -27.4% | 10.47% | −2.74 |
| SE Sea Ltd.-ADR | Reduce -72.5% | 1.42% | −2.57 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −2.56 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −2.54 |
| GOOGL Alphabet Inc. Class A | Reduce -14.9% | 6.29% | −2.28 |
| BLK BlackRock Inc. | Reduce -35.0% | 3.36% | −1.96 |
| ARCO Arcos Dorados Holdings Inc. Class A | Sold out | 0.00% | −1.93 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −1.92 |
| LEA Lear Corp. | Sold out | 0.00% | −1.89 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −1.86 |
| VINP Vinci Compass Investments LT | Sold out | 0.00% | −1.18 |
| CIM Chimera Investment Corp. | Sold out | 0.00% | −1.15 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −1.06 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −1.05 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.93 |
| META Meta Platforms Inc. Class A | Reduce -14.3% | 7.68% | −0.92 |
| VIPS Vipshop Holdings Ltd. - ADR | Sold out | 0.00% | −0.87 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.84 |
| PYPL PayPal Holdings Inc. | Reduce -43.2% | 0.60% | −0.72 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −0.68 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.66 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.51 |
| TRUP Trupanion Inc. | Sold out | 0.00% | −0.50 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -44.4% | 0.78% | −0.48 |
| TOKE Cambria Cannabis ETF | Sold out | 0.00% | −0.48 |
| MLCO Melco Resorts & Entert-ADR | Sold out | 0.00% | −0.41 |
| MSOS Advisorshares Pure US Cann | Sold out | 0.00% | −0.40 |
| PDD PDD Holdings Inc. | Reduce -36.0% | 0.94% | −0.20 |
| GROY Gold Royalty Corp. | Sold out | 0.00% | −0.18 |
| MKTW Marketwise Inc. | Sold out | 0.00% | −0.15 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -3.9% | 0.71% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -3.5% | 2.00% | +0.14 |
Portfolio Buys Q4 2024 → Q1 2025
| TLT iShares 20+ Year Treasury BD | New | 3.93% | +3.93 |
| AGI Alamos Gold Inc. Class A | Add +63.6% | 6.34% | +3.80 |
| NGD New Gold Inc. | New | 3.58% | +3.58 |
| MELI MercadoLibre Inc. | New | 2.56% | +2.56 |
| TIGR Up Fintech Holding Ltd. - ADR | New | 2.55% | +2.55 |
| BJ Bj's Wholesale Club Holdings | New | 2.48% | +2.48 |
| EQX Equinox Gold Corp. | New | 2.40% | +2.40 |
| TME Tencent Music Entertainm-ADR | New | 2.26% | +2.26 |
| XLRE SS Real Estate Select Sector | New | 2.24% | +2.24 |
| NRP Natural Resource Partners LP | New | 2.06% | +2.06 |
| QXO Qxo Inc. | New | 2.01% | +2.01 |
| KRYS Krystal Biotech Inc. | New | 1.97% | +1.97 |
| VIXY Proshares Vix Short-Term Fut | New | 1.70% | +1.70 |
| NVDA Nvidia Corp. | New | 1.55% | +1.55 |
| RERE Atrenew Inc. | Add +163.6% | 1.65% | +1.07 |
| VAL Valaris Ltd. | Add +119.5% | 1.65% | +0.85 |
| EH Ehang Holdings Ltd.-SPS ADR | New | 0.72% | +0.72 |
| NOAH Noah Holdings Ltd.-Spon ADS | Add +70.8% | 1.39% | +0.43 |
| SA Seabridge Gold Inc. | Add +40.0% | 1.01% | +0.34 |
| LXU LSB Industries Inc. | Add +31.7% | 0.64% | +0.11 |
| AMZN Amazon.com Inc. | Add +8.4% | 1.04% | −0.01 |
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 |