Gemsstock Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Gemsstock Ltd. reported 22 stock positions worth $793.4 million. Its top holding was Equinox Gold (EQX) at 9.2% of the portfolio, followed by Gulfport Energy (GPOR, 8.8%) and iShares Semiconductor ETF (SOXX, 6.8%). Compared with Q3 2025, it opened 8 new positions, sold out of 1, added to 9 and reduced 5. The biggest buy was a new position in iShares Semiconductor ETF (SOXX) and the biggest sale Vaneck Junior Gold Miners (GDXJ, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001724140
- Portfolio Value
- $793.4M (Q4 2025)
- SEC Filing
- 0001724140-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 22 stocks · $793.4M
| EQX Equinox Gold Corp. | 9.23% | 5,217,177 | $73.2M | Reduce -4.2% |
| GPOR Gulfport Energy Corp. | 8.84% | 337,349 | $70.2M | Add +79.3% |
| SOXX iShares Semiconductor ETF | 6.83% | 10,634 | $54.2M | New |
| QQQ Invesco QQQ Trust Series 1 | 6.61% | 8,772 | $52.5M | New |
| AMZN Amazon.com Inc. | 6.37% | 219,100 | $50.6M | New |
| B Barrick Mining Corp. | 6.36% | 1,157,850 | $50.4M | Add +8.5% |
| EWY iShares MSCI South Korea ETF | 6.06% | 494,500 | $48.1M | New |
| EXE Expand Energy Corp. | 5.57% | 400,500 | $44.2M | Add +75.0% |
| EEM iShares MSCI Emerging Market | 4.87% | 678,757 | $38.6M | Add +1205.3% |
| EQT Eqt Corp. | 4.58% | 678,257 | $36.4M | Add +0.8% |
| SMH Vaneck Semiconductor ETF | 4.53% | 99,800 | $35.9M | Add +81.1% |
| AR Antero Resources Corp. | 4.13% | 949,754 | $32.7M | Add +34.1% |
| MSFT Microsoft Corp. | 4.08% | 66,945 | $32.4M | New |
| NEM Newmont Corp. | 3.91% | 310,415 | $31.0M | Reduce -26.5% |
| VIST Vista Energy Sab DE CV | 3.76% | 613,017 | $29.8M | Add +97.7% |
| CRK Comstock Resources Inc. | 2.42% | 827,694 | $19.2M | New |
| JPM JPMorgan Chase & Co. | 2.21% | 54,400 | $17.5M | New |
| MELI MercadoLibre Inc. | 2.16% | 8,500 | $17.1M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | 2.05% | 2,276,813 | $16.3M | Reduce -2.2% |
| GDXJ Vaneck Junior Gold Miners | 1.92% | 133,558 | $15.2M | Reduce -63.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 1.85% | 188,262 | $14.7M | Add +0.9% |
| TECK Teck Resources Ltd.-CLS B | 1.66% | 274,270 | $13.1M | Reduce -3.7% |
Portfolio Sells Q3 2025 → Q4 2025
| GDXJ Vaneck Junior Gold Miners | Reduce -63.5% | 1.92% | −5.54 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −3.55 |
| NEM Newmont Corp. | Reduce -26.5% | 3.91% | −3.42 |
| EQX Equinox Gold Corp. | Reduce -4.2% | 9.23% | −3.33 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -2.2% | 2.05% | −1.46 |
| TECK Teck Resources Ltd.-CLS B | Reduce -3.7% | 1.66% | −0.92 |
Portfolio Buys Q3 2025 → Q4 2025
| SOXX iShares Semiconductor ETF | New | 6.83% | +6.83 |
| QQQ Invesco QQQ Trust Series 1 | New | 6.61% | +6.61 |
| AMZN Amazon.com Inc. | New | 6.37% | +6.37 |
| EWY iShares MSCI South Korea ETF | New | 6.06% | +6.06 |
| MSFT Microsoft Corp. | New | 4.08% | +4.08 |
| CRK Comstock Resources Inc. | New | 2.42% | +2.42 |
| JPM JPMorgan Chase & Co. | New | 2.21% | +2.21 |
| MELI MercadoLibre Inc. | New | 2.16% | +2.16 |
| GPOR Gulfport Energy Corp. | Add +79.3% | 8.84% | +1.84 |
| VIST Vista Energy Sab DE CV | Add +97.7% | 3.76% | +1.57 |
| SMH Vaneck Semiconductor ETF | Add +81.1% | 4.53% | +0.83 |
| EXE Expand Energy Corp. | Add +75.0% | 5.57% | +0.57 |
| AR Antero Resources Corp. | Add +34.1% | 4.13% | −0.76 |
| B Barrick Mining Corp. | Add +8.5% | 6.36% | −0.84 |
| KSPI JSC Kaspi.kz ADR | Add +0.9% | 1.85% | −1.28 |
| EQT Eqt Corp. | Add +0.8% | 4.58% | −2.95 |
| EEM iShares MSCI Emerging Market | Add +1205.3% | 4.87% | −17.51 |
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 |