Glenorchy Capital Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 18, 2024), Glenorchy Capital Ltd reported 62 stock positions worth $133.0 million. Its top holding was Sprott Uranium Miners ETF (URNM) at 8.2% of the portfolio, followed by Global X MSCI Greece ETF (GREK, 4.6%) and Vaneck Gold Miners ETF (GDX, 3.8%). Compared with Q2 2024, it opened 4 new positions, sold out of 3, added to 31 and reduced 26. The biggest buy was Pampa Energia SA-Spon ADR (PAM, shares +36%) and the biggest sale Tidewater (TDW, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- BOOROLITE, C3
- CIK
- 0002008506
- Portfolio Value
- $133.0M (Q3 2024)
- SEC Filing
- 0001085146-24-005007 ↗ filed Oct 18, 2024
Holdings Value
Holdings 62 stocks · $133.0M
| URNM Sprott Uranium Miners ETF | 8.20% | 237,849 | $10.9M | Add +1.3% |
| GREK Global X MSCI Greece ETF | 4.64% | 142,753 | $6.2M | Add +15.9% |
| GDX Vaneck Gold Miners ETF | 3.83% | 127,871 | $5.1M | Add +2.3% |
| PAM Pampa Energia SA-Spon ADR | 3.40% | 75,223 | $4.5M | Add +35.5% |
| DXJ Wisdomtree Japan Hedged Eq | 3.31% | 41,475 | $4.4M | Reduce -25.6% |
| FRO Frontline PLC | 2.99% | 174,300 | $4.0M | Reduce -0.9% |
| GLD SPDR Gold Shares | 2.96% | 16,193 | $3.9M | Add +16.8% |
| BMA Banco Macro SA-ADR | 2.92% | 61,146 | $3.9M | Reduce -25.3% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 2.62% | 335,855 | $3.5M | Reduce -12.5% |
| CEPU Central Puerto-Sponsored ADR | 2.48% | 347,650 | $3.3M | Reduce -5.6% |
| COPX Global X Copper Miners ETF | 2.11% | 59,350 | $2.8M | Add +27.9% |
| DBB Invesco DB Base Metals Fund | 2.07% | 132,329 | $2.8M | Add +33.8% |
| DHT DHT Holdings Inc. | 2.05% | 246,996 | $2.7M | Reduce -16.4% |
| INSW International Seaways Inc. | 1.94% | 50,006 | $2.6M | Reduce -2.4% |
| TEN Tsakos Energy Navigation Ltd. | 1.93% | 102,480 | $2.6M | Reduce -1.8% |
| BTU Peabody Energy Corp. | 1.88% | 94,464 | $2.5M | Add +12.0% |
| RIG Transocean Ltd. | 1.87% | 586,219 | $2.5M | Add +34.0% |
| CRESY Cresud S.A.-Spons ADR | 1.84% | 282,741 | $2.4M | Add +32.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.83% | 114,978 | $2.4M | Reduce -37.8% |
| CNX CNX Resources Corp. | 1.76% | 71,996 | $2.3M | Reduce -1.9% |
| NTR Nutrien Ltd. | 1.72% | 47,648 | $2.3M | Add +32.4% |
| FTI Technipfmc PLC | 1.71% | 86,760 | $2.3M | Reduce -33.2% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.69% | 202,551 | $2.2M | Reduce -25.3% |
| TNK Teekay Tankers Ltd. Class A | 1.69% | 38,475 | $2.2M | Reduce -30.1% |
| MOS The Mosaic Co. | 1.68% | 83,379 | $2.2M | Add +39.2% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 1.66% | 26,918 | $2.2M | Add +73.7% |
| CRK Comstock Resources Inc. | 1.65% | 197,713 | $2.2M | Add +91.1% |
| ASC Ardmore Shipping Corp. | 1.62% | 119,112 | $2.2M | Reduce -21.6% |
| STNG Scorpio Tankers Inc. | 1.61% | 30,004 | $2.1M | Reduce -30.4% |
| OII Oceaneering Intl Inc. | 1.45% | 77,477 | $1.9M | Reduce -1.7% |
| GEOS Geospace Technologies Corp. | 1.45% | 186,217 | $1.9M | Add +2.7% |
| RRC Range Resources Corp. | 1.41% | 61,033 | $1.9M | Reduce -0.1% |
| AR Antero Resources Corp. | 1.40% | 64,863 | $1.9M | Reduce -17.5% |
| LOMA Loma Negra Cia Ind-Spon ADR | 1.40% | 230,311 | $1.9M | Add +196.9% |
| SWN Southwestern Energy Co. | 1.35% | 252,467 | $1.8M | Add +13.2% |
| ARCH Arch Resources Inc. | 1.32% | 12,686 | $1.8M | Reduce -1.5% |
| EQT Eqt Corp. | 1.30% | 47,200 | $1.7M | Add +4.5% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 1.27% | 412,515 | $1.7M | New |
| GIFI Gulf Island Fabrication Inc. | 1.26% | 298,005 | $1.7M | Add +24.5% |
| TDW Tidewater Inc. | 1.23% | 22,713 | $1.6M | Reduce -71.7% |
| VAL Valaris Ltd. | 1.20% | 28,703 | $1.6M | Reduce -4.3% |
| IPI Intrepid Potash Inc. | 1.12% | 62,214 | $1.5M | Add +95.7% |
| SMHI Seacor Marine Holdings Inc. | 1.11% | 152,320 | $1.5M | New |
| XPRO Expro Group Holdings NV | 1.09% | 84,427 | $1.4M | Add +26.6% |
| ICL Icl Group Ltd. | 1.03% | 322,761 | $1.4M | Add +60.4% |
| NE Noble Corp. PLC | 0.88% | 32,373 | $1.2M | Add +126.3% |
| TGS Transportador Gas-ADR SP B | 0.69% | 50,399 | $924K | Reduce -9.9% |
| TRMD Torm PLC-A | 0.69% | 26,996 | $923K | Reduce -11.1% |
| ECO Okeanis Eco Tankers Corp. | 0.64% | 25,837 | $848K | Reduce -9.3% |
| HAFN Hafnia Ltd. | 0.55% | 101,967 | $726K | New |
| BWLP BW LPG Ltd. | 0.54% | 49,892 | $712K | New |
| BTI British American Tob-SP ADR | 0.49% | 17,753 | $649K | Add +7.6% |
| IVV iShares Core S&P 500 ETF | 0.48% | 1,118 | $645K | No change |
| PBR Petroleo Brasileiro-Spon ADR | 0.47% | 43,247 | $623K | Add +8.2% |
| SBLK Star Bulk Carriers Corp. | 0.43% | 24,208 | $573K | Add +19.1% |
| LND Brasilagro-Cia Bra - SPN ADR | 0.39% | 109,584 | $514K | Add +14.8% |
| MNDO Mind Cti Ltd. | 0.39% | 260,783 | $514K | Add +13.8% |
| EC Ecopetrol SA-Sponsored ADR | 0.36% | 53,583 | $479K | Add +16.5% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.36% | 41,676 | $474K | Reduce -37.2% |
| CIVI Civitas Resources Inc. | 0.29% | 7,690 | $390K | Add +1.9% |
| STLA Stellantis NV | 0.29% | 27,361 | $384K | Add +29.6% |
| URG Ur-Energy Inc. | 0.03% | 31,356 | $37K | Reduce -5.7% |
Options reported separately and not counted above: SPY puts ($169.0M), TDW calls ($10.1M), VAL calls ($6.2M), GLD calls ($997K), DSX calls ($40K), SBSW calls ($411), NE calls ($108).
Portfolio Sells Q2 2024 → Q3 2024
| TDW Tidewater Inc. | Reduce -71.7% | 1.23% | −4.40 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -25.6% | 3.31% | −1.33 |
| DO Diamond Offshore Drilling Inc. | Sold out | 0.00% | −1.27 |
| TNK Teekay Tankers Ltd. Class A | Reduce -30.1% | 1.69% | −1.10 |
| STNG Scorpio Tankers Inc. | Reduce -30.4% | 1.61% | −0.97 |
| YPF YPF S.A.-Sponsored ADR | Reduce -37.8% | 1.83% | −0.90 |
| ASC Ardmore Shipping Corp. | Reduce -21.6% | 1.62% | −0.90 |
| FTI Technipfmc PLC | Reduce -33.2% | 1.71% | −0.79 |
| HOS Hornbeck Offshore Services I | Reduce -25.3% | 1.69% | −0.69 |
| BMA Banco Macro SA-ADR | Reduce -25.3% | 2.92% | −0.54 |
| AR Antero Resources Corp. | Reduce -17.5% | 1.40% | −0.49 |
| DHT DHT Holdings Inc. | Reduce -16.4% | 2.05% | −0.47 |
| VAL Valaris Ltd. | Reduce -4.3% | 1.20% | −0.44 |
| FRO Frontline PLC | Reduce -0.9% | 2.99% | −0.34 |
| TEN Tsakos Energy Navigation Ltd. | Reduce -1.8% | 1.93% | −0.31 |
| INSW International Seaways Inc. | Reduce -2.4% | 1.94% | −0.29 |
| TRMD Torm PLC-A | Reduce -11.1% | 0.69% | −0.17 |
| ARCH Arch Resources Inc. | Reduce -1.5% | 1.32% | −0.13 |
| RRC Range Resources Corp. | Reduce -0.1% | 1.41% | −0.10 |
| TGS Transportador Gas-ADR SP B | Reduce -9.9% | 0.69% | −0.09 |
| IRS Irsa -SP ADR | Reduce -37.2% | 0.36% | −0.08 |
| QIWI Qiwi PLC-Sponsored ADR | Sold out | 0.00% | −0.04 |
| ECO Okeanis Eco Tankers Corp. | Reduce -9.3% | 0.64% | −0.03 |
| DNN Denison Mines Corp. | Sold out | 0.00% | −0.02 |
| URG Ur-Energy Inc. | Reduce -5.7% | 0.03% | −0.01 |
| BBAR Bbva Argentina SA-ADR | Reduce -12.5% | 2.62% | +0.01 |
| CEPU Central Puerto-Sponsored ADR | Reduce -5.6% | 2.48% | +0.02 |
| OII Oceaneering Intl Inc. | Reduce -1.7% | 1.45% | +0.08 |
| CNX CNX Resources Corp. | Reduce -1.9% | 1.76% | +0.45 |
Portfolio Buys Q2 2024 → Q3 2024
| PAM Pampa Energia SA-Spon ADR | Add +35.5% | 3.40% | +1.59 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 1.27% | +1.27 |
| SMHI Seacor Marine Holdings Inc. | New | 1.11% | +1.11 |
| GREK Global X MSCI Greece ETF | Add +15.9% | 4.64% | +1.03 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +196.9% | 1.40% | +1.01 |
| CRK Comstock Resources Inc. | Add +91.1% | 1.65% | +0.86 |
| GLD SPDR Gold Shares | Add +16.8% | 2.96% | +0.76 |
| EXE Expand Energy Corp. | Add +73.7% | 1.66% | +0.73 |
| GDX Vaneck Gold Miners ETF | Add +2.3% | 3.83% | +0.71 |
| DBB Invesco DB Base Metals Fund | Add +33.8% | 2.07% | +0.60 |
| IPI Intrepid Potash Inc. | Add +95.7% | 1.12% | +0.57 |
| COPX Global X Copper Miners ETF | Add +27.9% | 2.11% | +0.57 |
| HAFN Hafnia Ltd. | New | 0.55% | +0.55 |
| CRESY Cresud S.A.-Spons ADR | Add +32.0% | 1.84% | +0.54 |
| BWLP BW LPG Ltd. | New | 0.54% | +0.54 |
| BTU Peabody Energy Corp. | Add +12.0% | 1.88% | +0.51 |
| NE Noble Corp. PLC | Add +126.3% | 0.88% | +0.41 |
| MOS The Mosaic Co. | Add +39.2% | 1.68% | +0.40 |
| ICL Icl Group Ltd. | Add +60.4% | 1.03% | +0.40 |
| NTR Nutrien Ltd. | Add +32.4% | 1.72% | +0.37 |
| GEOS Geospace Technologies Corp. | Add +2.7% | 1.45% | +0.25 |
| SWN Southwestern Energy Co. | Add +13.2% | 1.35% | +0.24 |
| GIFI Gulf Island Fabrication Inc. | Add +24.5% | 1.26% | +0.19 |
| RIG Transocean Ltd. | Add +34.0% | 1.87% | +0.15 |
| BTI British American Tob-SP ADR | Add +7.6% | 0.49% | +0.11 |
| MNDO Mind Cti Ltd. | Add +13.8% | 0.39% | +0.07 |
| EQT Eqt Corp. | Add +4.5% | 1.30% | +0.07 |
| SBLK Star Bulk Carriers Corp. | Add +19.1% | 0.43% | +0.07 |
| LND Brasilagro-Cia Bra - SPN ADR | Add +14.8% | 0.39% | +0.06 |
| PBR Petroleo Brasileiro-Spon ADR | Add +8.2% | 0.47% | +0.04 |
| EC Ecopetrol SA-Sponsored ADR | Add +16.5% | 0.36% | −0.02 |
| STLA Stellantis NV | Add +29.6% | 0.29% | −0.02 |
| XPRO Expro Group Holdings NV | Add +26.6% | 1.09% | −0.04 |
| CIVI Civitas Resources Inc. | Add +1.9% | 0.29% | −0.09 |
| URNM Sprott Uranium Miners ETF | Add +1.3% | 8.20% | −0.31 |
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -2.2% | 294,600 | $169.0M |
| DO Diamond Offshore Drilling Inc. | call | Sold out | 8,700 | $135Kbefore exit |
| DSX Diana Shipping Inc. | call | Add +40.2% | 15,700 | $40K |
| SBSW Sibanye-Stillwater Ltd.-ADR | call | New | 100 | $411 |
| NE Noble Corp. PLC | call | Reduce -99.0% | 3 | $108 |
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 |