Glenorchy Capital Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Glenorchy Capital Ltd reported 59 stock positions worth $160.2 million. Its top holding was iShares MSCI Brazil ETF (EWZ) at 5.8% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 5.0%) and Frontline (FRO, 4.1%). Compared with Q1 2026, it sold out of 3, added to 50 and reduced 9. The biggest buy was Bbva Argentina SA-ADR (BBAR, shares +2%) and the biggest sale an exit from Loma Negra Cia Ind-Spon ADR (LOMA).
- Most Recent 13F
- Q2 2026
- Location
- BOOROLITE, C3
- CIK
- 0002008506
- Portfolio Value
- $160.2M (Q2 2026)
- SEC Filing
- 0002008506-26-000004 ↗ filed Jul 29, 2026
Holdings Value
Holdings 59 stocks · $160.2M
| EWZ iShares MSCI Brazil ETF | 5.79% | 268,876 | $9.3M | Add +1.1% |
| GDX Vaneck Gold Miners ETF | 5.00% | 106,062 | $8.0M | Reduce -1.3% |
| FRO Frontline PLC | 4.08% | 187,906 | $6.5M | Add +0.6% |
| ECH iShares MSCI Chile ETF | 3.87% | 156,160 | $6.2M | Add +4.3% |
| ECNS iShares MSCI China Small-Cap | 3.58% | 203,667 | $5.7M | Add +2.5% |
| PAM Pampa Energia SA-Spon ADR | 3.37% | 65,655 | $5.4M | Add +2.1% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 3.27% | 115,298 | $5.2M | Add +0.2% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 3.23% | 263,410 | $5.2M | Add +2.3% |
| BMA Banco Macro SA-ADR | 2.88% | 49,879 | $4.6M | Add +3.7% |
| FTI Technipfmc PLC | 2.83% | 68,312 | $4.5M | Reduce -1.3% |
| CEPU Central Puerto-Sponsored ADR | 2.77% | 298,810 | $4.4M | Add +1.0% |
| INSW International Seaways Inc. | 2.56% | 53,538 | $4.1M | Add +0.7% |
| DHT DHT Holdings Inc. | 2.48% | 240,458 | $4.0M | Add +2.1% |
| TEN Tsakos Energy Navigation Ltd. | 2.46% | 111,180 | $3.9M | Add +0.1% |
| CRESY Cresud S.A.-Spons ADR | 2.37% | 338,520 | $3.8M | Add +3.2% |
| RIG Transocean Ltd. | 2.33% | 764,300 | $3.7M | Add +1.8% |
| SSL Sasol Ltd.-Sponsored ADR | 2.19% | 357,657 | $3.5M | Add +2.7% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 2.02% | 380,466 | $3.2M | Add +0.6% |
| SDRL Seadrill Limited | 1.94% | 82,323 | $3.1M | Add +1.0% |
| NE Noble Corp. PLC | 1.90% | 81,516 | $3.0M | Reduce -0.4% |
| OII Oceaneering Intl Inc. | 1.88% | 74,354 | $3.0M | Add +0.1% |
| LXU LSB Industries Inc. | 1.80% | 266,876 | $2.9M | Add +4.8% |
| BORR Borr Drilling Ltd. | 1.58% | 612,198 | $2.5M | Reduce -0.4% |
| BTU Peabody Energy Corp. | 1.58% | 109,113 | $2.5M | Add +5.3% |
| TNK Teekay Tankers Ltd. Class A | 1.54% | 37,937 | $2.5M | Add +1.2% |
| EQT Eqt Corp. | 1.42% | 42,831 | $2.3M | Add +1.9% |
| WFRD Weatherford International PL | 1.42% | 27,889 | $2.3M | Add +1.1% |
| CNX CNX Resources Corp. | 1.42% | 66,807 | $2.3M | Add +1.9% |
| VAL Valaris Ltd. | 1.36% | 30,034 | $2.2M | Reduce -2.5% |
| RRC Range Resources Corp. | 1.32% | 56,989 | $2.1M | Add +1.3% |
| STNG Scorpio Tankers Inc. | 1.32% | 30,521 | $2.1M | Add +0.9% |
| AR Antero Resources Corp. | 1.31% | 59,607 | $2.1M | Add +1.0% |
| IPI Intrepid Potash Inc. | 1.25% | 61,006 | $2.0M | Reduce -0.4% |
| ASC Ardmore Shipping Corp. | 1.19% | 135,775 | $1.9M | Add +2.1% |
| GPRK Geopark Ltd. | 1.17% | 205,785 | $1.9M | Add +2.0% |
| TDW Tidewater Inc. | 1.15% | 27,609 | $1.8M | Add +0.8% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.15% | 210,068 | $1.8M | Add +1.1% |
| XPRO Expro Group Holdings NV | 1.06% | 114,969 | $1.7M | Add +2.7% |
| ICL Icl Group Ltd. | 1.06% | 340,574 | $1.7M | Add +2.7% |
| SMHI Seacor Marine Holdings Inc. | 1.05% | 219,261 | $1.7M | Add +4.0% |
| MOS The Mosaic Co. | 1.04% | 78,625 | $1.7M | Add +6.1% |
| CRK Comstock Resources Inc. | 0.96% | 102,948 | $1.5M | Add +6.8% |
| CNR Core Natural Resources Inc. | 0.94% | 18,837 | $1.5M | Add +4.0% |
| EXE Expand Energy Corp. | 0.84% | 14,697 | $1.3M | Add +7.1% |
| ECO Okeanis Eco Tankers Corp. | 0.81% | 26,198 | $1.3M | Reduce -5.4% |
| TGS Transportador Gas-ADR SP B | 0.80% | 42,920 | $1.3M | Add +3.5% |
| BTI British American Tob-SP ADR | 0.72% | 18,660 | $1.2M | Add +4.2% |
| EC Ecopetrol SA-Sponsored ADR | 0.69% | 77,125 | $1.1M | Add +6.1% |
| BWLP BW LPG Ltd. | 0.64% | 59,240 | $1.0M | Add +0.6% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.64% | 66,697 | $1.0M | Add +5.0% |
| SBLK Star Bulk Carriers Corp. | 0.63% | 40,242 | $1.0M | Add +3.9% |
| PBR Petroleo Brasileiro-Spon ADR | 0.60% | 59,324 | $959K | Add +2.9% |
| TRMD Torm PLC-A | 0.57% | 34,898 | $909K | Add +4.4% |
| HAFN Hafnia Ltd. | 0.52% | 127,066 | $830K | Add +2.3% |
| SM SM Energy Co. | 0.48% | 29,653 | $774K | Add +5.0% |
| CALM Cal-Maine Foods Inc. | 0.45% | 9,031 | $728K | Add +8.9% |
| WB Weibo Corp.-Spon ADR | 0.35% | 77,498 | $563K | Add +13.1% |
| GEOS Geospace Technologies Corp. | 0.29% | 68,488 | $464K | Reduce -60.5% |
| MNDO Mind Cti Ltd. | 0.10% | 160,513 | $165K | Reduce -5.4% |
Options reported separately and not counted above: QQQ puts ($2.3B), TLT puts ($206.5M), VAL calls ($8.0M), SPY puts ($672K), DSX calls ($33K), BORR calls ($4K).
Portfolio Sells Q1 2026 → Q2 2026
| LOMA Loma Negra Cia Ind-Spon ADR | Sold out | 0.00% | −2.59 |
| GEOS Geospace Technologies Corp. | Reduce -60.5% | 0.29% | −0.85 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.39 |
| BORR Borr Drilling Ltd. | Reduce -0.4% | 1.58% | −0.34 |
| GDX Vaneck Gold Miners ETF | Reduce -1.3% | 5.00% | −0.33 |
| NE Noble Corp. PLC | Reduce -0.4% | 1.90% | −0.27 |
| VAL Valaris Ltd. | Reduce -2.5% | 1.36% | −0.27 |
| IPI Intrepid Potash Inc. | Reduce -0.4% | 1.25% | −0.17 |
| ENIC Enel Chile SA-ADR | Sold out | 0.00% | −0.03 |
| MNDO Mind Cti Ltd. | Reduce -5.4% | 0.10% | −0.00 |
| ECO Okeanis Eco Tankers Corp. | Reduce -5.4% | 0.81% | +0.03 |
| FTI Technipfmc PLC | Reduce -1.3% | 2.83% | +0.24 |
Portfolio Buys Q1 2026 → Q2 2026
| BBAR Bbva Argentina SA-ADR | Add +2.3% | 3.23% | +0.99 |
| BMA Banco Macro SA-ADR | Add +3.7% | 2.88% | +0.87 |
| ECH iShares MSCI Chile ETF | Add +4.3% | 3.87% | +0.65 |
| FRO Frontline PLC | Add +0.6% | 4.08% | +0.56 |
| INSW International Seaways Inc. | Add +0.7% | 2.56% | +0.47 |
| OII Oceaneering Intl Inc. | Add +0.1% | 1.88% | +0.46 |
| YPF YPF S.A.-Sponsored ADR | Add +0.2% | 3.27% | +0.40 |
| PAM Pampa Energia SA-Spon ADR | Add +2.1% | 3.37% | +0.29 |
| EWZ iShares MSCI Brazil ETF | Add +1.1% | 5.79% | +0.27 |
| SMHI Seacor Marine Holdings Inc. | Add +4.0% | 1.05% | +0.23 |
| DHT DHT Holdings Inc. | Add +2.1% | 2.48% | +0.16 |
| BTI British American Tob-SP ADR | Add +4.2% | 0.72% | +0.15 |
| SBLK Star Bulk Carriers Corp. | Add +3.9% | 0.63% | +0.15 |
| GPRK Geopark Ltd. | Add +2.0% | 1.17% | +0.13 |
| ICL Icl Group Ltd. | Add +2.7% | 1.06% | +0.13 |
| CRESY Cresud S.A.-Spons ADR | Add +3.2% | 2.37% | +0.11 |
| CALM Cal-Maine Foods Inc. | Add +8.9% | 0.45% | +0.10 |
| STNG Scorpio Tankers Inc. | Add +0.9% | 1.32% | +0.10 |
| EC Ecopetrol SA-Sponsored ADR | Add +6.1% | 0.69% | +0.10 |
| ASC Ardmore Shipping Corp. | Add +2.1% | 1.19% | +0.09 |
| ECNS iShares MSCI China Small-Cap | Add +2.5% | 3.58% | +0.09 |
| TEN Tsakos Energy Navigation Ltd. | Add +0.1% | 2.46% | +0.09 |
| IRS Irsa -SP ADR | Add +5.0% | 0.64% | +0.09 |
| BWLP BW LPG Ltd. | Add +0.6% | 0.64% | +0.08 |
| CEPU Central Puerto-Sponsored ADR | Add +1.0% | 2.77% | +0.08 |
| TRMD Torm PLC-A | Add +4.4% | 0.57% | +0.06 |
| TNK Teekay Tankers Ltd. Class A | Add +1.2% | 1.54% | +0.05 |
| CNX CNX Resources Corp. | Add +1.9% | 1.42% | +0.05 |
| HOS Hornbeck Offshore Services I | Add +1.1% | 1.15% | +0.04 |
| WB Weibo Corp.-Spon ADR | Add +13.1% | 0.35% | +0.03 |
| EXE Expand Energy Corp. | Add +7.1% | 0.84% | +0.02 |
| TGS Transportador Gas-ADR SP B | Add +3.5% | 0.80% | +0.02 |
| MOS The Mosaic Co. | Add +6.1% | 1.04% | +0.02 |
| WFRD Weatherford International PL | Add +1.1% | 1.42% | +0.01 |
| SM SM Energy Co. | Add +5.0% | 0.48% | +0.01 |
| XPRO Expro Group Holdings NV | Add +2.7% | 1.06% | +0.01 |
| HAFN Hafnia Ltd. | Add +2.3% | 0.52% | +0.00 |
| EQT Eqt Corp. | Add +1.9% | 1.42% | −0.02 |
| AR Antero Resources Corp. | Add +1.0% | 1.31% | −0.05 |
| PBR Petroleo Brasileiro-Spon ADR | Add +2.9% | 0.60% | −0.05 |
| RRC Range Resources Corp. | Add +1.3% | 1.32% | −0.05 |
| SDRL Seadrill Limited | Add +1.0% | 1.94% | −0.06 |
| CNR Core Natural Resources Inc. | Add +4.0% | 0.94% | −0.08 |
| TDW Tidewater Inc. | Add +0.8% | 1.15% | −0.09 |
| CRK Comstock Resources Inc. | Add +6.8% | 0.96% | −0.14 |
| SSL Sasol Ltd.-Sponsored ADR | Add +2.7% | 2.19% | −0.25 |
| LXU LSB Industries Inc. | Add +4.8% | 1.80% | −0.25 |
| BTU Peabody Energy Corp. | Add +5.3% | 1.58% | −0.27 |
| RIG Transocean Ltd. | Add +1.8% | 2.33% | −0.36 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +0.6% | 2.02% | −0.50 |
Options Activity Q1 2026 → Q2 2026
| QQQ Invesco QQQ Trust Series 1 | put | Add +40.2% | 3,175,800 | $2.3B |
| TLT iShares 20+ Year Treasury BD | put | Reduce -1.8% | 2,389,000 | $206.5M |
| BORR Borr Drilling Ltd. | call | New | 1,000 | $4K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 59 | $160.2M | EWZ, GDX, FRO, ECH, ECNS |
| Q1 2026 | 62 | $185.0M | EWZ, GDX, FRO, ECNS, ECH |
| Q4 2025 | 59 | $153.8M | GDX, GREK, EWZ, KWEB, ECNS |
| Q3 2025 | 58 | $137.8M | KWEB, GDX, GREK, EWZ, ECNS |
| Q2 2025 | 57 | $135.8M | URNM, GREK, KWEB, GDX, CRK |
| Q1 2025Amended | 58 | $134.2M | KWEB, URNM, GREK, GDX, PAM |
| Q4 2024 | 59 | $139.5M | URNM, KWEB, PAM, BBAR, YPF |
| Q3 2024 | 62 | $133.0M | URNM, GREK, GDX, PAM, DXJ |
| Q2 2024 | 61 | $135.8M | URNM, TDW, DXJ, GREK, BMA |
| Q1 2024 | 63 | $121.4M | URNM, TDW, DXJ, YPF, GREK |