Glenorchy Capital Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Glenorchy Capital Ltd reported 59 stock positions worth $139.5 million. Its top holding was Sprott Uranium Miners ETF (URNM) at 7.0% of the portfolio, followed by Kranesh Csi China Internet (KWEB, 5.0%) and Pampa Energia SA-Spon ADR (PAM, 4.6%). Compared with Q3 2024, it opened 3 new positions, sold out of 6, added to 26 and reduced 28. The biggest buy was a new position in Kranesh Csi China Internet (KWEB) and the biggest sale an exit from Wisdomtree Japan Hedged Eq (DXJ).
- Most Recent 13F
- Q2 2026
- Location
- BOOROLITE, C3
- CIK
- 0002008506
- Portfolio Value
- $139.5M (Q4 2024)
- SEC Filing
- 0001085146-25-001417 ↗ filed Feb 14, 2025
Holdings Value
Holdings 59 stocks · $139.5M
| URNM Sprott Uranium Miners ETF | 7.01% | 242,749 | $9.8M | Add +2.1% |
| KWEB Kranesh Csi China Internet | 4.99% | 237,883 | $7.0M | New |
| PAM Pampa Energia SA-Spon ADR | 4.59% | 72,792 | $6.4M | Reduce -3.2% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 4.30% | 315,095 | $6.0M | Reduce -6.2% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 4.18% | 137,074 | $5.8M | Add +19.2% |
| GREK Global X MSCI Greece ETF | 4.11% | 147,680 | $5.7M | Add +3.5% |
| LOMA Loma Negra Cia Ind-Spon ADR | 3.96% | 462,366 | $5.5M | Add +100.8% |
| BMA Banco Macro SA-ADR | 3.76% | 54,176 | $5.2M | Reduce -11.4% |
| EXE Expand Energy Corp. | 3.52% | 49,294 | $4.9M | Add +83.1% |
| CEPU Central Puerto-Sponsored ADR | 3.49% | 335,991 | $4.9M | Reduce -3.4% |
| CRESY Cresud S.A.-Spons ADR | 3.18% | 351,183 | $4.4M | Add +24.2% |
| GDX Vaneck Gold Miners ETF | 3.12% | 128,452 | $4.4M | Add +0.5% |
| GLD SPDR Gold Shares | 2.85% | 16,439 | $4.0M | Add +1.5% |
| CRK Comstock Resources Inc. | 2.69% | 205,976 | $3.8M | Add +4.2% |
| CNX CNX Resources Corp. | 1.87% | 71,039 | $2.6M | Reduce -1.3% |
| FRO Frontline PLC | 1.85% | 182,325 | $2.6M | Add +4.6% |
| FTI Technipfmc PLC | 1.74% | 83,864 | $2.4M | Reduce -3.3% |
| RIG Transocean Ltd. | 1.68% | 623,216 | $2.3M | Add +6.3% |
| DHT DHT Holdings Inc. | 1.63% | 244,756 | $2.3M | Reduce -0.9% |
| AR Antero Resources Corp. | 1.61% | 63,895 | $2.2M | Reduce -1.5% |
| RRC Range Resources Corp. | 1.57% | 61,054 | $2.2M | Add +0.0% |
| EQT Eqt Corp. | 1.55% | 46,755 | $2.2M | Reduce -0.9% |
| GIFI Gulf Island Fabrication Inc. | 1.44% | 295,483 | $2.0M | Reduce -0.8% |
| OII Oceaneering Intl Inc. | 1.44% | 76,852 | $2.0M | Reduce -0.8% |
| BTU Peabody Energy Corp. | 1.41% | 94,156 | $2.0M | Reduce -0.3% |
| NE Noble Corp. PLC | 1.35% | 59,865 | $1.9M | Add +84.9% |
| TEN Tsakos Energy Navigation Ltd. | 1.33% | 106,954 | $1.9M | Add +4.4% |
| GEOS Geospace Technologies Corp. | 1.33% | 184,720 | $1.9M | Reduce -0.8% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.30% | 194,237 | $1.8M | Reduce -4.1% |
| INSW International Seaways Inc. | 1.30% | 50,328 | $1.8M | Add +0.6% |
| ARCH Arch Resources Inc. | 1.27% | 12,517 | $1.8M | Reduce -1.3% |
| GPRK Geopark Ltd. | 1.20% | 180,030 | $1.7M | New |
| ICL Icl Group Ltd. | 1.17% | 331,149 | $1.6M | Add +2.6% |
| STNG Scorpio Tankers Inc. | 1.09% | 30,705 | $1.5M | Add +2.3% |
| TNK Teekay Tankers Ltd. Class A | 1.07% | 37,658 | $1.5M | Reduce -2.1% |
| ASC Ardmore Shipping Corp. | 1.03% | 118,560 | $1.4M | Reduce -0.5% |
| TGS Transportador Gas-ADR SP B | 1.01% | 48,205 | $1.4M | Reduce -4.3% |
| VAL Valaris Ltd. | 1.00% | 31,620 | $1.4M | Add +10.2% |
| TDW Tidewater Inc. | 1.00% | 25,419 | $1.4M | Add +11.9% |
| IPI Intrepid Potash Inc. | 0.99% | 62,928 | $1.4M | Add +1.1% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.97% | 411,120 | $1.4M | Reduce -0.3% |
| XPRO Expro Group Holdings NV | 0.85% | 95,014 | $1.2M | Add +12.5% |
| NTR Nutrien Ltd. | 0.83% | 25,894 | $1.2M | Reduce -45.7% |
| MOS The Mosaic Co. | 0.82% | 46,315 | $1.1M | Reduce -44.5% |
| SMHI Seacor Marine Holdings Inc. | 0.80% | 169,221 | $1.1M | Add +11.1% |
| IVV iShares Core S&P 500 ETF | 0.47% | 1,118 | $658K | No change |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.47% | 43,938 | $656K | Add +5.4% |
| BTI British American Tob-SP ADR | 0.45% | 17,440 | $633K | Reduce -1.8% |
| BWLP BW LPG Ltd. | 0.40% | 50,137 | $552K | Add +0.5% |
| PBR Petroleo Brasileiro-Spon ADR | 0.39% | 42,504 | $547K | Reduce -1.7% |
| HAFN Hafnia Ltd. | 0.38% | 98,451 | $525K | New |
| ECO Okeanis Eco Tankers Corp. | 0.37% | 25,728 | $522K | Reduce -0.4% |
| TRMD Torm PLC-A | 0.37% | 26,731 | $520K | Reduce -1.0% |
| MNDO Mind Cti Ltd. | 0.36% | 252,156 | $498K | Reduce -3.3% |
| EC Ecopetrol SA-Sponsored ADR | 0.30% | 53,302 | $422K | Reduce -0.5% |
| STLA Stellantis NV | 0.27% | 28,701 | $375K | Add +4.9% |
| SBLK Star Bulk Carriers Corp. | 0.26% | 24,433 | $365K | Add +0.9% |
| CIVI Civitas Resources Inc. | 0.25% | 7,633 | $350K | Reduce -0.7% |
| URG Ur-Energy Inc. | 0.03% | 31,356 | $36K | No change |
Options reported separately and not counted above: SPY puts ($25.4M), VAL calls ($4.9M), GLD calls ($993K), DSX calls ($31K), NE calls ($9K), SBSW calls ($330).
Portfolio Sells Q3 2024 → Q4 2024
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −3.31 |
| COPX Global X Copper Miners ETF | Sold out | 0.00% | −2.11 |
| DBB Invesco DB Base Metals Fund | Sold out | 0.00% | −2.07 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −1.35 |
| NTR Nutrien Ltd. | Reduce -45.7% | 0.83% | −0.89 |
| MOS The Mosaic Co. | Reduce -44.5% | 0.82% | −0.86 |
| TNK Teekay Tankers Ltd. Class A | Reduce -2.1% | 1.07% | −0.61 |
| ASC Ardmore Shipping Corp. | Reduce -0.5% | 1.03% | −0.59 |
| HAFN Hafnia Ltd. | Sold out | 0.00% | −0.55 |
| BTU Peabody Energy Corp. | Reduce -0.3% | 1.41% | −0.47 |
| DHT DHT Holdings Inc. | Reduce -0.9% | 1.63% | −0.42 |
| HOS Hornbeck Offshore Services I | Reduce -4.1% | 1.30% | −0.39 |
| LND Brasilagro-Cia Bra - SPN ADR | Sold out | 0.00% | −0.39 |
| TRMD Torm PLC-A | Reduce -1.0% | 0.37% | −0.32 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Reduce -0.3% | 0.97% | −0.30 |
| ECO Okeanis Eco Tankers Corp. | Reduce -0.4% | 0.37% | −0.26 |
| GEOS Geospace Technologies Corp. | Reduce -0.8% | 1.33% | −0.12 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -1.7% | 0.39% | −0.08 |
| EC Ecopetrol SA-Sponsored ADR | Reduce -0.5% | 0.30% | −0.06 |
| ARCH Arch Resources Inc. | Reduce -1.3% | 1.27% | −0.05 |
| CIVI Civitas Resources Inc. | Reduce -0.7% | 0.25% | −0.04 |
| BTI British American Tob-SP ADR | Reduce -1.8% | 0.45% | −0.03 |
| MNDO Mind Cti Ltd. | Reduce -3.3% | 0.36% | −0.03 |
| OII Oceaneering Intl Inc. | Reduce -0.8% | 1.44% | −0.01 |
| FTI Technipfmc PLC | Reduce -3.3% | 1.74% | +0.03 |
| CNX CNX Resources Corp. | Reduce -1.3% | 1.87% | +0.10 |
| GIFI Gulf Island Fabrication Inc. | Reduce -0.8% | 1.44% | +0.18 |
| AR Antero Resources Corp. | Reduce -1.5% | 1.61% | +0.21 |
| EQT Eqt Corp. | Reduce -0.9% | 1.55% | +0.25 |
| TGS Transportador Gas-ADR SP B | Reduce -4.3% | 1.01% | +0.32 |
| BMA Banco Macro SA-ADR | Reduce -11.4% | 3.76% | +0.84 |
| CEPU Central Puerto-Sponsored ADR | Reduce -3.4% | 3.49% | +1.01 |
| PAM Pampa Energia SA-Spon ADR | Reduce -3.2% | 4.59% | +1.19 |
| BBAR Bbva Argentina SA-ADR | Reduce -6.2% | 4.30% | +1.69 |
Portfolio Buys Q3 2024 → Q4 2024
| KWEB Kranesh Csi China Internet | New | 4.99% | +4.99 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +100.8% | 3.96% | +2.56 |
| YPF YPF S.A.-Sponsored ADR | Add +19.2% | 4.18% | +2.34 |
| EXE Expand Energy Corp. | Add +83.1% | 3.52% | +1.85 |
| CRESY Cresud S.A.-Spons ADR | Add +24.2% | 3.18% | +1.34 |
| GPRK Geopark Ltd. | New | 1.20% | +1.20 |
| CRK Comstock Resources Inc. | Add +4.2% | 2.69% | +1.04 |
| NE Noble Corp. PLC | Add +84.9% | 1.35% | +0.47 |
| HAFN Hafnia Ltd. | New | 0.38% | +0.38 |
| RRC Range Resources Corp. | Add +0.0% | 1.57% | +0.16 |
| ICL Icl Group Ltd. | Add +2.6% | 1.17% | +0.14 |
| IRS Irsa -SP ADR | Add +5.4% | 0.47% | +0.11 |
| STLA Stellantis NV | Add +4.9% | 0.27% | −0.02 |
| GLD SPDR Gold Shares | Add +1.5% | 2.85% | −0.11 |
| IPI Intrepid Potash Inc. | Add +1.1% | 0.99% | −0.13 |
| BWLP BW LPG Ltd. | Add +0.5% | 0.40% | −0.14 |
| SBLK Star Bulk Carriers Corp. | Add +0.9% | 0.26% | −0.17 |
| RIG Transocean Ltd. | Add +6.3% | 1.68% | −0.20 |
| VAL Valaris Ltd. | Add +10.2% | 1.00% | −0.20 |
| TDW Tidewater Inc. | Add +11.9% | 1.00% | −0.23 |
| XPRO Expro Group Holdings NV | Add +12.5% | 0.85% | −0.24 |
| SMHI Seacor Marine Holdings Inc. | Add +11.1% | 0.80% | −0.31 |
| STNG Scorpio Tankers Inc. | Add +2.3% | 1.09% | −0.51 |
| GREK Global X MSCI Greece ETF | Add +3.5% | 4.11% | −0.53 |
| TEN Tsakos Energy Navigation Ltd. | Add +4.4% | 1.33% | −0.60 |
| INSW International Seaways Inc. | Add +0.6% | 1.30% | −0.64 |
| GDX Vaneck Gold Miners ETF | Add +0.5% | 3.12% | −0.71 |
| FRO Frontline PLC | Add +4.6% | 1.85% | −1.14 |
| URNM Sprott Uranium Miners ETF | Add +2.1% | 7.01% | −1.19 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -85.3% | 43,300 | $25.4M |
| TDW Tidewater Inc. | call | Sold out | 140,000 | $10.1Mbefore exit |
| NE Noble Corp. PLC | call | Add +9900.0% | 300 | $9K |
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 |