Glenorchy Capital Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 15, 2025), Glenorchy Capital Ltd reported 58 stock positions worth $134.2 million. Its top holding was Kranesh Csi China Internet (KWEB) at 6.2% of the portfolio, followed by Sprott Uranium Miners ETF (URNM, 5.9%) and Global X MSCI Greece ETF (GREK, 5.3%). Compared with Q4 2024, it opened 1 new position, sold out of 2, added to 32 and reduced 23. The biggest buy was Global X MSCI Greece ETF (GREK, shares +3%) and the biggest sale an exit from Arch Resources (ARCH).
- Most Recent 13F
- Q2 2026
- Location
- BOOROLITE, C3
- CIK
- 0002008506
- Portfolio Value
- $134.2M (Q1 2025)
- SEC Filing
- 0001085146-25-005307 ↗ filed Aug 15, 2025
Holdings Value
Holdings 58 stocks · $134.2M
| KWEB Kranesh Csi China Internet | 6.19% | 237,804 | $8.3M | Reduce -0.0% |
| URNM Sprott Uranium Miners ETF | 5.94% | 245,798 | $8.0M | Add +1.3% |
| GREK Global X MSCI Greece ETF | 5.32% | 152,133 | $7.1M | Add +3.0% |
| GDX Vaneck Gold Miners ETF | 4.39% | 128,251 | $5.9M | Reduce -0.2% |
| PAM Pampa Energia SA-Spon ADR | 4.11% | 71,535 | $5.5M | Reduce -1.7% |
| EXE Expand Energy Corp. | 4.06% | 48,895 | $5.4M | Reduce -0.8% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 3.86% | 285,849 | $5.2M | Reduce -9.3% |
| LOMA Loma Negra Cia Ind-Spon ADR | 3.72% | 454,287 | $5.0M | Reduce -1.8% |
| GLD SPDR Gold Shares | 3.46% | 16,110 | $4.6M | Reduce -2.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 3.41% | 130,473 | $4.6M | Reduce -4.8% |
| CRK Comstock Resources Inc. | 3.03% | 200,262 | $4.1M | Reduce -2.8% |
| BMA Banco Macro SA-ADR | 2.90% | 51,632 | $3.9M | Reduce -4.7% |
| CRESY Cresud S.A.-Spons ADR | 2.88% | 349,968 | $3.9M | Reduce -0.3% |
| CEPU Central Puerto-Sponsored ADR | 2.75% | 332,687 | $3.7M | Reduce -1.0% |
| FRO Frontline PLC | 2.13% | 192,412 | $2.9M | Add +5.5% |
| FTI Technipfmc PLC | 1.97% | 83,608 | $2.6M | Reduce -0.3% |
| DHT DHT Holdings Inc. | 1.94% | 248,112 | $2.6M | Add +1.4% |
| AR Antero Resources Corp. | 1.90% | 63,209 | $2.6M | Reduce -1.1% |
| EQT Eqt Corp. | 1.84% | 46,263 | $2.5M | Reduce -1.1% |
| RRC Range Resources Corp. | 1.81% | 60,791 | $2.4M | Reduce -0.4% |
| CNX CNX Resources Corp. | 1.67% | 71,390 | $2.2M | Add +0.5% |
| RIG Transocean Ltd. | 1.55% | 656,767 | $2.1M | Add +5.4% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 1.43% | 419,393 | $1.9M | Add +2.0% |
| GIFI Gulf Island Fabrication Inc. | 1.42% | 294,604 | $1.9M | Reduce -0.3% |
| ICL Icl Group Ltd. | 1.41% | 333,241 | $1.9M | Add +0.6% |
| TEN Tsakos Energy Navigation Ltd. | 1.41% | 110,904 | $1.9M | Add +3.7% |
| IPI Intrepid Potash Inc. | 1.38% | 63,126 | $1.9M | Add +0.3% |
| INSW International Seaways Inc. | 1.29% | 52,273 | $1.7M | Add +3.9% |
| OII Oceaneering Intl Inc. | 1.24% | 76,489 | $1.7M | Reduce -0.5% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.24% | 200,341 | $1.7M | Add +3.1% |
| NE Noble Corp. PLC | 1.18% | 66,990 | $1.6M | Add +11.9% |
| TNK Teekay Tankers Ltd. Class A | 1.12% | 39,321 | $1.5M | Add +4.4% |
| GPRK Geopark Ltd. | 1.08% | 178,712 | $1.4M | Reduce -0.7% |
| GEOS Geospace Technologies Corp. | 1.03% | 191,938 | $1.4M | Add +3.9% |
| BTU Peabody Energy Corp. | 1.01% | 100,299 | $1.4M | Add +6.5% |
| CNR Core Natural Resources Inc. | 0.99% | 17,309 | $1.3M | New |
| VAL Valaris Ltd. | 0.96% | 32,954 | $1.3M | Add +4.2% |
| MOS The Mosaic Co. | 0.96% | 47,612 | $1.3M | Add +2.8% |
| TGS Transportador Gas-ADR SP B | 0.93% | 47,239 | $1.2M | Reduce -2.0% |
| ASC Ardmore Shipping Corp. | 0.93% | 126,822 | $1.2M | Add +7.0% |
| STNG Scorpio Tankers Inc. | 0.89% | 31,935 | $1.2M | Add +4.0% |
| TDW Tidewater Inc. | 0.84% | 26,826 | $1.1M | Add +5.5% |
| XPRO Expro Group Holdings NV | 0.75% | 101,465 | $1.0M | Add +6.8% |
| SMHI Seacor Marine Holdings Inc. | 0.68% | 180,658 | $914K | Add +6.8% |
| BTI British American Tob-SP ADR | 0.53% | 17,260 | $714K | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 0.47% | 1,118 | $628K | No change |
| PBR Petroleo Brasileiro-Spon ADR | 0.47% | 43,638 | $626K | Add +2.7% |
| EC Ecopetrol SA-Sponsored ADR | 0.44% | 56,009 | $585K | Add +5.1% |
| ECO Okeanis Eco Tankers Corp. | 0.43% | 26,355 | $580K | Add +2.4% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.43% | 44,280 | $571K | Add +0.8% |
| BWLP BW LPG Ltd. | 0.41% | 51,097 | $554K | Add +1.9% |
| TRMD Torm PLC-A | 0.35% | 28,667 | $472K | Add +7.2% |
| MNDO Mind Cti Ltd. | 0.33% | 250,983 | $447K | Reduce -0.5% |
| SBLK Star Bulk Carriers Corp. | 0.30% | 26,190 | $408K | Add +7.2% |
| HAFN Hafnia Ltd. | 0.30% | 97,031 | $404K | Reduce -1.4% |
| STLA Stellantis NV | 0.26% | 31,163 | $349K | Add +8.6% |
| CIVI Civitas Resources Inc. | 0.22% | 8,280 | $289K | Add +8.5% |
| URG Ur-Energy Inc. | 0.02% | 31,356 | $21K | No change |
Options reported separately and not counted above: SPY puts ($23.5M), VAL calls ($4.3M), GLD calls ($692K), DSX calls ($24K), NE calls ($7K), SBSW calls ($458).
Portfolio Sells Q4 2024 → Q1 2025
| ARCH Arch Resources Inc. | Sold out | 0.00% | −1.27 |
| BMA Banco Macro SA-ADR | Reduce -4.7% | 2.90% | −0.85 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.83 |
| YPF YPF S.A.-Sponsored ADR | Reduce -4.8% | 3.41% | −0.77 |
| CEPU Central Puerto-Sponsored ADR | Reduce -1.0% | 2.75% | −0.74 |
| PAM Pampa Energia SA-Spon ADR | Reduce -1.7% | 4.11% | −0.47 |
| BBAR Bbva Argentina SA-ADR | Reduce -9.3% | 3.86% | −0.45 |
| CRESY Cresud S.A.-Spons ADR | Reduce -0.3% | 2.88% | −0.30 |
| LOMA Loma Negra Cia Ind-Spon ADR | Reduce -1.8% | 3.72% | −0.24 |
| OII Oceaneering Intl Inc. | Reduce -0.5% | 1.24% | −0.19 |
| GPRK Geopark Ltd. | Reduce -0.7% | 1.08% | −0.12 |
| TGS Transportador Gas-ADR SP B | Reduce -2.0% | 0.93% | −0.08 |
| HAFN Hafnia Ltd. | Reduce -1.4% | 0.30% | −0.08 |
| GIFI Gulf Island Fabrication Inc. | Reduce -0.3% | 1.42% | −0.02 |
| MNDO Mind Cti Ltd. | Reduce -0.5% | 0.33% | −0.02 |
| BTI British American Tob-SP ADR | Reduce -1.0% | 0.53% | +0.08 |
| RRC Range Resources Corp. | Reduce -0.4% | 1.81% | +0.23 |
| FTI Technipfmc PLC | Reduce -0.3% | 1.97% | +0.23 |
| EQT Eqt Corp. | Reduce -1.1% | 1.84% | +0.30 |
| AR Antero Resources Corp. | Reduce -1.1% | 1.90% | +0.30 |
| CRK Comstock Resources Inc. | Reduce -2.8% | 3.03% | +0.34 |
| EXE Expand Energy Corp. | Reduce -0.8% | 4.06% | +0.54 |
| GLD SPDR Gold Shares | Reduce -2.0% | 3.46% | +0.61 |
| KWEB Kranesh Csi China Internet | Reduce -0.0% | 6.19% | +1.20 |
| GDX Vaneck Gold Miners ETF | Reduce -0.2% | 4.39% | +1.27 |
Portfolio Buys Q4 2024 → Q1 2025
| GREK Global X MSCI Greece ETF | Add +3.0% | 5.32% | +1.22 |
| CNR Core Natural Resources Inc. | New | 0.99% | +0.99 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +2.0% | 1.43% | +0.46 |
| IPI Intrepid Potash Inc. | Add +0.3% | 1.38% | +0.39 |
| DHT DHT Holdings Inc. | Add +1.4% | 1.94% | +0.31 |
| FRO Frontline PLC | Add +5.5% | 2.13% | +0.27 |
| ICL Icl Group Ltd. | Add +0.6% | 1.41% | +0.24 |
| MOS The Mosaic Co. | Add +2.8% | 0.96% | +0.14 |
| EC Ecopetrol SA-Sponsored ADR | Add +5.1% | 0.44% | +0.13 |
| TEN Tsakos Energy Navigation Ltd. | Add +3.7% | 1.41% | +0.08 |
| PBR Petroleo Brasileiro-Spon ADR | Add +2.7% | 0.47% | +0.07 |
| ECO Okeanis Eco Tankers Corp. | Add +2.4% | 0.43% | +0.06 |
| TNK Teekay Tankers Ltd. Class A | Add +4.4% | 1.12% | +0.05 |
| SBLK Star Bulk Carriers Corp. | Add +7.2% | 0.30% | +0.04 |
| BWLP BW LPG Ltd. | Add +1.9% | 0.41% | +0.02 |
| INSW International Seaways Inc. | Add +3.9% | 1.29% | −0.00 |
| STLA Stellantis NV | Add +8.6% | 0.26% | −0.01 |
| TRMD Torm PLC-A | Add +7.2% | 0.35% | −0.02 |
| CIVI Civitas Resources Inc. | Add +8.5% | 0.22% | −0.04 |
| VAL Valaris Ltd. | Add +4.2% | 0.96% | −0.04 |
| IRS Irsa -SP ADR | Add +0.8% | 0.43% | −0.04 |
| HOS Hornbeck Offshore Services I | Add +3.1% | 1.24% | −0.06 |
| XPRO Expro Group Holdings NV | Add +6.8% | 0.75% | −0.10 |
| ASC Ardmore Shipping Corp. | Add +7.0% | 0.93% | −0.11 |
| SMHI Seacor Marine Holdings Inc. | Add +6.8% | 0.68% | −0.11 |
| RIG Transocean Ltd. | Add +5.4% | 1.55% | −0.12 |
| TDW Tidewater Inc. | Add +5.5% | 0.84% | −0.15 |
| NE Noble Corp. PLC | Add +11.9% | 1.18% | −0.16 |
| CNX CNX Resources Corp. | Add +0.5% | 1.67% | −0.19 |
| STNG Scorpio Tankers Inc. | Add +4.0% | 0.89% | −0.20 |
| GEOS Geospace Technologies Corp. | Add +3.9% | 1.03% | −0.30 |
| BTU Peabody Energy Corp. | Add +6.5% | 1.01% | −0.40 |
| URNM Sprott Uranium Miners ETF | Add +1.3% | 5.94% | −1.07 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -3.0% | 42,000 | $23.5M |
| VAL Valaris Ltd. | call | Reduce -0.5% | 110,500 | $4.3M |
| GLD SPDR Gold Shares | call | Reduce -41.5% | 2,400 | $692K |
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 |