Eschler Asset Management LLP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Eschler Asset Management LLP reported 57 stock positions worth $132.6 million. Its top holding was Bloom Energy Class A (BE) at 11.9% of the portfolio, followed by Alamos Gold Class A (AGI, 8.8%) and GDS Holdings Ltd. - ADR (GDS, 8.2%). Compared with Q1 2025, it opened 37 new positions, sold out of 21, added to 6 and reduced 7. The biggest buy was a new position in Bloom Energy Class A (BE) 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
- $132.6M (Q2 2025)
- SEC Filing
- 0000919574-25-004891 ↗ filed Aug 14, 2025
Holdings Value
Holdings 57 stocks · $132.6M
| BE Bloom Energy Corp. Class A | 11.87% | 655,000 | $15.7M | New |
| AGI Alamos Gold Inc. Class A | 8.79% | 438,620 | $11.6M | Add +358.2% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 8.21% | 355,200 | $10.9M | New |
| GDXJ Vaneck Junior Gold Miners | 7.65% | 150,000 | $10.1M | New |
| NGD New Gold Inc. | 5.90% | 1,579,297 | $7.8M | Add +304.9% |
| AEM Agnico Eagle Mines Ltd. | 4.49% | 50,000 | $5.9M | New |
| NEM Newmont Corp. | 4.39% | 100,000 | $5.8M | New |
| IAUX I-80 Gold Corp. | 3.39% | 7,500,000 | $4.5M | New |
| HSAI Hesai Group | 3.34% | 205,600 | $4.4M | New |
| PONY Pony AI Inc. | 3.20% | 320,300 | $4.2M | New |
| EH Ehang Holdings Ltd.-SPS ADR | 2.62% | 200,000 | $3.5M | Add +1329.8% |
| YMM Full Truck Alliance -SPN ADR | 2.23% | 250,000 | $3.0M | New |
| META Meta Platforms Inc. Class A | 2.17% | 5,355 | $2.9M | No change |
| BZ Kanzhun Ltd. - ADR | 2.02% | 150,000 | $2.7M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.64% | 158,734 | $2.2M | New |
| GD General Dynamics Corp. | 1.53% | 6,936 | $2.0M | New |
| GOOG Alphabet Inc. Class C | 1.42% | 14,540 | $1.9M | New |
| SMCI Super Micro Computer Inc. | 1.41% | 38,169 | $1.9M | New |
| SBSW Sibanye-Stillwater Ltd.-ADR | 1.37% | 251,590 | $1.8M | New |
| CQQQ Invesco China Technology ETF | 1.36% | 40,761 | $1.8M | New |
| HTZ Hertz Global Hldgs Inc. | 1.23% | 239,629 | $1.6M | New |
| SE Sea Ltd.-ADR | 1.06% | 9,000 | $1.4M | Add +104.5% |
| ERO Ero Copper Corp. | 1.03% | 80,910 | $1.4M | New |
| IMCR Immunocore Holdings PLC-ADR | 0.95% | 40,000 | $1.3M | New |
| ENVA Enova International Inc. | 0.86% | 10,238 | $1.1M | New |
| EQT Eqt Corp. | 0.82% | 18,554 | $1.1M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.77% | 8,286 | $1.0M | New |
| SVM Silvercorp Metals Inc. | 0.76% | 238,329 | $1.0M | New |
| FLUT Flutter Entertainment PLC-Di | 0.74% | 4,726 | $983K | New |
| EXE Expand Energy Corp. | 0.73% | 8,253 | $965K | New |
| BSX Boston Scientific Corp. | 0.70% | 8,690 | $933K | New |
| RKLB Rocket Lab Corp. | 0.70% | 25,988 | $930K | New |
| BRO Brown & Brown Inc. | 0.69% | 8,275 | $917K | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.66% | 2,713 | $868K | New |
| SEI Solaris Energy Infrastructur | 0.65% | 30,599 | $866K | New |
| AAOI Applied Optoelectronics Inc. | 0.65% | 33,331 | $856K | New |
| SAND Sandstorm Gold Ltd. | 0.60% | 85,000 | $799K | Reduce -43.3% |
| NRP Natural Resource Partners LP | 0.58% | 8,000 | $764K | No change |
| TME Tencent Music Entertainm-ADR | 0.54% | 10,298 | $722K | Reduce -28.0% |
| RERE Atrenew Inc. | 0.54% | 226,700 | $721K | No change |
| CORT Corcept Therapeutics Inc. | 0.54% | 9,728 | $714K | New |
| NVDA Nvidia Corp. | 0.48% | 5,478 | $630K | Reduce -5.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.47% | 7,400 | $628K | New |
| GVA Granite Construction Inc. | 0.43% | 6,159 | $576K | New |
| SHCO Soho House & Co. Inc. | 0.43% | 76,700 | $564K | New |
| BLK BlackRock Inc. | 0.40% | 696 | $532K | Reduce -51.4% |
| RBLX Roblox Corp. Class A | 0.40% | 9,230 | $525K | Add +34.7% |
| SA Seabridge Gold Inc. | 0.38% | 35,000 | $508K | No change |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 0.34% | 37,100 | $451K | Reduce -37.8% |
| PPTA Perpetua Resources Corp. | 0.32% | 35,000 | $425K | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.30% | 12,000 | $404K | Add +20.0% |
| TIGR Up Fintech Holding Ltd. - ADR | 0.30% | 41,147 | $397K | Reduce -65.7% |
| AMZN Amazon.com Inc. | 0.25% | 2,040 | $326K | Reduce -7.7% |
| PALL Abrdn Physical Palladium SHS | 0.23% | 3,000 | $302K | New |
| VOXR Vox Royalty Corp. | 0.20% | 85,000 | $269K | No change |
| PYPL PayPal Holdings Inc. | 0.15% | 3,730 | $202K | No change |
| BHC Bausch Health Cos Inc. | 0.14% | 37,506 | $182K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −10.47 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −6.29 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −5.93 |
| AZO AutoZone Inc. | Sold out | 0.00% | −4.38 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −3.93 |
| BLK BlackRock Inc. | Reduce -51.4% | 0.40% | −2.96 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −2.56 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −2.48 |
| EQX Equinox Gold Corp. | Sold out | 0.00% | −2.40 |
| TIGR Up Fintech Holding Ltd. - ADR | Reduce -65.7% | 0.30% | −2.25 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −2.24 |
| SAND Sandstorm Gold Ltd. | Reduce -43.3% | 0.60% | −2.20 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −2.08 |
| QXO Qxo Inc. | Sold out | 0.00% | −2.01 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −2.00 |
| KRYS Krystal Biotech Inc. | Sold out | 0.00% | −1.97 |
| TME Tencent Music Entertainm-ADR | Reduce -28.0% | 0.54% | −1.72 |
| VIXY Proshares Vix Short-Term Fut | Sold out | 0.00% | −1.70 |
| VAL Valaris Ltd. | Sold out | 0.00% | −1.65 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.38 |
| NVDA Nvidia Corp. | Reduce -5.3% | 0.48% | −1.07 |
| NOAH Noah Holdings Ltd.-Spon ADS | Reduce -37.8% | 0.34% | −1.05 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.94 |
| AMZN Amazon.com Inc. | Reduce -7.7% | 0.25% | −0.79 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.71 |
| RTO Rentokil Initial PLC-SP ADR | Sold out | 0.00% | −0.71 |
| LXU LSB Industries Inc. | Sold out | 0.00% | −0.64 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.53 |
Portfolio Buys Q1 2025 → Q2 2025
| BE Bloom Energy Corp. Class A | New | 11.87% | +11.87 |
| GDS GDS Holdings Ltd. - ADR | New | 8.21% | +8.21 |
| GDXJ Vaneck Junior Gold Miners | New | 7.65% | +7.65 |
| AEM Agnico Eagle Mines Ltd. | New | 4.49% | +4.49 |
| NEM Newmont Corp. | New | 4.39% | +4.39 |
| IAUX I-80 Gold Corp. | New | 3.39% | +3.39 |
| HSAI Hesai Group | New | 3.34% | +3.34 |
| PONY Pony AI Inc. | New | 3.20% | +3.20 |
| AGI Alamos Gold Inc. Class A | Add +358.2% | 8.79% | +2.45 |
| NGD New Gold Inc. | Add +304.9% | 5.90% | +2.31 |
| YMM Full Truck Alliance -SPN ADR | New | 2.23% | +2.23 |
| BZ Kanzhun Ltd. - ADR | New | 2.02% | +2.02 |
| EH Ehang Holdings Ltd.-SPS ADR | Add +1329.8% | 2.62% | +1.90 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.64% | +1.64 |
| GD General Dynamics Corp. | New | 1.53% | +1.53 |
| GOOG Alphabet Inc. Class C | New | 1.42% | +1.42 |
| SMCI Super Micro Computer Inc. | New | 1.41% | +1.41 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 1.37% | +1.37 |
| CQQQ Invesco China Technology ETF | New | 1.36% | +1.36 |
| HTZ Hertz Global Hldgs Inc. | New | 1.23% | +1.23 |
| ERO Ero Copper Corp. | New | 1.03% | +1.03 |
| IMCR Immunocore Holdings PLC-ADR | New | 0.95% | +0.95 |
| ENVA Enova International Inc. | New | 0.86% | +0.86 |
| EQT Eqt Corp. | New | 0.82% | +0.82 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.77% | +0.77 |
| SVM Silvercorp Metals Inc. | New | 0.76% | +0.76 |
| FLUT Flutter Entertainment PLC-Di | New | 0.74% | +0.74 |
| EXE Expand Energy Corp. | New | 0.73% | +0.73 |
| BSX Boston Scientific Corp. | New | 0.70% | +0.70 |
| RKLB Rocket Lab Corp. | New | 0.70% | +0.70 |
| BRO Brown & Brown Inc. | New | 0.69% | +0.69 |
| AJG Arthur J Gallagher & Co. | New | 0.66% | +0.66 |
| SEI Solaris Energy Infrastructur | New | 0.65% | +0.65 |
| AAOI Applied Optoelectronics Inc. | New | 0.65% | +0.65 |
| CORT Corcept Therapeutics Inc. | New | 0.54% | +0.54 |
| KSPI JSC Kaspi.kz ADR | New | 0.47% | +0.47 |
| GVA Granite Construction Inc. | New | 0.43% | +0.43 |
| SHCO Soho House & Co. Inc. | New | 0.43% | +0.43 |
| PPTA Perpetua Resources Corp. | New | 0.32% | +0.32 |
| PALL Abrdn Physical Palladium SHS | New | 0.23% | +0.23 |
| SE Sea Ltd.-ADR | Add +104.5% | 1.06% | −0.36 |
| IBN Icici Bank Ltd.-Spon ADR | Add +20.0% | 0.30% | −0.48 |
| RBLX Roblox Corp. Class A | Add +34.7% | 0.40% | −0.59 |
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 |