Gemsstock Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Gemsstock Ltd. reported 17 stock positions worth $560.9 million. Its top holding was iShares MSCI Emerging Market (EEM) at 31.8% of the portfolio, followed by iShares MSCI Brazil ETF (EWZ, 17.4%) and Equinox Gold (EQX, 5.5%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 9 and reduced 5. The biggest buy was a new position in iShares MSCI Emerging Market (EEM) and the biggest sale JSC Kaspi.kz ADR (KSPI, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001724140
- Portfolio Value
- $560.9M (Q2 2025)
- SEC Filing
- 0001724140-25-000014 ↗ filed Aug 14, 2025
Holdings Value
Holdings 17 stocks · $560.9M
| EEM iShares MSCI Emerging Market | 31.83% | 81,522 | $178.5M | New |
| EWZ iShares MSCI Brazil ETF | 17.38% | 3,377,800 | $97.4M | New |
| EQX Equinox Gold Corp. | 5.46% | 5,324,477 | $30.6M | Add +26.8% |
| DB Deutsche Bank AG-Registered | 5.43% | 1,026,753 | $30.4M | Add +118.4% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 4.95% | 327,362 | $27.8M | Reduce -20.2% |
| B Barrick Mining Corp. | 4.26% | 1,147,200 | $23.9M | Add +46.1% |
| NEM Newmont Corp. | 4.17% | 401,665 | $23.4M | Add +37.4% |
| GDXJ Vaneck Junior Gold Miners | 3.54% | 293,358 | $19.8M | Add +83.7% |
| AR Antero Resources Corp. | 3.39% | 472,556 | $19.0M | Add +103.5% |
| EQT Eqt Corp. | 3.24% | 311,357 | $18.2M | Add +79.5% |
| GGAL Grupo Financiero Galicia-ADR | 3.03% | 337,302 | $17.0M | Add +1.0% |
| GPOR Gulfport Energy Corp. | 2.80% | 78,195 | $15.7M | Add +65.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.77% | 1,130,469 | $15.5M | New |
| TECK Teck Resources Ltd.-CLS B | 2.51% | 348,970 | $14.1M | Reduce -26.0% |
| BMA Banco Macro SA-ADR | 2.46% | 196,725 | $13.8M | Reduce -4.8% |
| VIST Vista Energy Sab DE CV | 2.10% | 246,315 | $11.8M | Reduce -11.5% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.68% | 231,274 | $3.8M | Reduce -4.1% |
Portfolio Sells Q1 2025 → Q2 2025
| KSPI JSC Kaspi.kz ADR | Reduce -20.2% | 4.95% | −9.39 |
| MOS The Mosaic Co. | Sold out | 0.00% | −5.28 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −5.26 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −5.07 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −4.42 |
| TECK Teck Resources Ltd.-CLS B | Reduce -26.0% | 2.51% | −3.96 |
| BMA Banco Macro SA-ADR | Reduce -4.8% | 2.46% | −3.42 |
| VIST Vista Energy Sab DE CV | Reduce -11.5% | 2.10% | −2.78 |
| BBAR Bbva Argentina SA-ADR | Reduce -4.1% | 0.68% | −0.97 |
Portfolio Buys Q1 2025 → Q2 2025
| EEM iShares MSCI Emerging Market | New | 31.83% | +31.83 |
| EWZ iShares MSCI Brazil ETF | New | 17.38% | +17.38 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 2.77% | +2.77 |
| DB Deutsche Bank AG-Registered | Add +118.4% | 5.43% | +1.25 |
| GDXJ Vaneck Junior Gold Miners | Add +83.7% | 3.54% | +0.09 |
| AR Antero Resources Corp. | Add +103.5% | 3.39% | −0.14 |
| EQT Eqt Corp. | Add +79.5% | 3.24% | −0.26 |
| GPOR Gulfport Energy Corp. | Add +65.7% | 2.80% | −0.47 |
| NEM Newmont Corp. | Add +37.4% | 4.17% | −1.14 |
| B Barrick Mining Corp. | Add +46.1% | 4.26% | −1.49 |
| GGAL Grupo Financiero Galicia-ADR | Add +1.0% | 3.03% | −3.83 |
| EQX Equinox Gold Corp. | Add +26.8% | 5.46% | −5.43 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 13 | $307.5M | GDX, VIST, KSPI, GPOR, BMA |
| Q1 2026 | 28 | $948.8M | EQX, GPOR, AMZN, B, VIST |
| Q4 2025 | 22 | $793.4M | EQX, GPOR, SOXX, QQQ, AMZN |
| Q3 2025 | 15 | $486.1M | EEM, EQX, EQT, GDXJ, NEM |
| Q2 2025 | 17 | $560.9M | EEM, EWZ, EQX, DB, KSPI |
| Q1 2025 | 18 | $265.4M | KSPI, EQX, GGAL, TECK, BMA |
| Q4 2024 | 16 | $483.2M | QQQ, RSP, GOOG, AMZN, NU |
| Q3 2024 | 9 | $206.8M | QQQ, AMZN, B, NEM, GOOG |
| Q2 2024 | 13 | $313.7M | AMZN, TECK, GOOG, AVGO, TSM |
| Q1 2024 | 13 | $265.0M | TECK, NU, GOOG, AVGO, JPM |