Glenorchy Capital Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Glenorchy Capital Ltd reported 62 stock positions worth $185.0 million. Its top holding was iShares MSCI Brazil ETF (EWZ) at 5.5% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 5.3%) and Frontline (FRO, 3.5%). Compared with Q4 2025, it opened 6 new positions, sold out of 3, added to 49 and reduced 6. The biggest buy was a new position in iShares MSCI Chile ETF (ECH) and the biggest sale an exit from Global X MSCI Greece ETF (GREK).
- Most Recent 13F
- Q2 2026
- Location
- BOOROLITE, C3
- CIK
- 0002008506
- Portfolio Value
- $185.0M (Q1 2026)
- SEC Filing
- 0002008506-26-000002 ↗ filed May 14, 2026
Holdings Value
Holdings 62 stocks · $185.0M
| EWZ iShares MSCI Brazil ETF | 5.52% | 266,027 | $10.2M | Add +1.7% |
| GDX Vaneck Gold Miners ETF | 5.33% | 107,410 | $9.9M | Reduce -2.2% |
| FRO Frontline PLC | 3.52% | 186,865 | $6.5M | Add +4.4% |
| ECNS iShares MSCI China Small-Cap | 3.49% | 198,622 | $6.5M | Add +7.3% |
| ECH iShares MSCI Chile ETF | 3.22% | 149,744 | $6.0M | New |
| PAM Pampa Energia SA-Spon ADR | 3.08% | 64,297 | $5.7M | Add +4.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 2.88% | 115,113 | $5.3M | Add +1.4% |
| CEPU Central Puerto-Sponsored ADR | 2.69% | 295,779 | $5.0M | Add +1.5% |
| RIG Transocean Ltd. | 2.69% | 750,502 | $5.0M | Add +8.5% |
| LOMA Loma Negra Cia Ind-Spon ADR | 2.59% | 432,065 | $4.8M | Add +5.4% |
| FTI Technipfmc PLC | 2.59% | 69,236 | $4.8M | Reduce -1.5% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 2.52% | 378,082 | $4.7M | Add +0.6% |
| SSL Sasol Ltd.-Sponsored ADR | 2.44% | 348,220 | $4.5M | New |
| TEN Tsakos Energy Navigation Ltd. | 2.37% | 111,018 | $4.4M | Add +5.5% |
| DHT DHT Holdings Inc. | 2.33% | 235,427 | $4.3M | Add +4.3% |
| CRESY Cresud S.A.-Spons ADR | 2.26% | 328,160 | $4.2M | Add +3.3% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 2.24% | 257,507 | $4.1M | Add +3.5% |
| NE Noble Corp. PLC | 2.17% | 81,839 | $4.0M | Add +6.8% |
| INSW International Seaways Inc. | 2.10% | 53,180 | $3.9M | Add +6.4% |
| LXU LSB Industries Inc. | 2.05% | 254,766 | $3.8M | New |
| BMA Banco Macro SA-ADR | 2.01% | 48,112 | $3.7M | Add +4.4% |
| SDRL Seadrill Limited | 2.00% | 81,477 | $3.7M | New |
| BORR Borr Drilling Ltd. | 1.92% | 614,531 | $3.5M | Reduce -0.3% |
| BTU Peabody Energy Corp. | 1.85% | 103,652 | $3.4M | Add +5.0% |
| VAL Valaris Ltd. | 1.63% | 30,813 | $3.0M | Add +0.1% |
| TNK Teekay Tankers Ltd. Class A | 1.49% | 37,501 | $2.7M | Add +1.5% |
| EQT Eqt Corp. | 1.45% | 42,025 | $2.7M | Add +2.2% |
| OII Oceaneering Intl Inc. | 1.42% | 74,265 | $2.6M | Add +1.7% |
| IPI Intrepid Potash Inc. | 1.42% | 61,235 | $2.6M | Add +3.7% |
| WFRD Weatherford International PL | 1.41% | 27,582 | $2.6M | Add +1.6% |
| RRC Range Resources Corp. | 1.37% | 56,257 | $2.5M | Add +2.8% |
| CNX CNX Resources Corp. | 1.37% | 65,555 | $2.5M | Add +2.1% |
| AR Antero Resources Corp. | 1.35% | 59,004 | $2.5M | Add +3.3% |
| TDW Tidewater Inc. | 1.24% | 27,381 | $2.3M | Add +4.4% |
| STNG Scorpio Tankers Inc. | 1.22% | 30,254 | $2.3M | Add +3.9% |
| GEOS Geospace Technologies Corp. | 1.14% | 173,339 | $2.1M | Add +1.4% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.11% | 207,774 | $2.1M | Add +3.7% |
| CRK Comstock Resources Inc. | 1.10% | 96,378 | $2.0M | Reduce -46.5% |
| ASC Ardmore Shipping Corp. | 1.10% | 133,016 | $2.0M | Add +4.7% |
| XPRO Expro Group Holdings NV | 1.05% | 111,910 | $1.9M | Add +5.7% |
| GPRK Geopark Ltd. | 1.04% | 201,826 | $1.9M | Add +7.7% |
| CNR Core Natural Resources Inc. | 1.03% | 18,118 | $1.9M | Add +6.7% |
| MOS The Mosaic Co. | 1.02% | 74,103 | $1.9M | Add +19.6% |
| ICL Icl Group Ltd. | 0.93% | 331,637 | $1.7M | Add +7.2% |
| SMHI Seacor Marine Holdings Inc. | 0.82% | 210,927 | $1.5M | Add +9.4% |
| EXE Expand Energy Corp. | 0.81% | 13,719 | $1.5M | Reduce -43.4% |
| ECO Okeanis Eco Tankers Corp. | 0.78% | 27,706 | $1.4M | Add +11.4% |
| TGS Transportador Gas-ADR SP B | 0.78% | 41,460 | $1.4M | Add +8.3% |
| PBR Petroleo Brasileiro-Spon ADR | 0.65% | 57,678 | $1.2M | Add +22.3% |
| EC Ecopetrol SA-Sponsored ADR | 0.59% | 72,700 | $1.1M | Add +16.3% |
| BTI British American Tob-SP ADR | 0.57% | 17,917 | $1.0M | Add +16.5% |
| BWLP BW LPG Ltd. | 0.56% | 58,883 | $1.0M | Add +18.1% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.56% | 63,547 | $1.0M | Add +18.6% |
| HAFN Hafnia Ltd. | 0.52% | 124,253 | $957K | Add +25.6% |
| TRMD Torm PLC-A | 0.50% | 33,427 | $933K | Add +20.9% |
| SBLK Star Bulk Carriers Corp. | 0.48% | 38,746 | $890K | Add +27.8% |
| SM SM Energy Co. | 0.48% | 28,249 | $881K | New |
| IVV iShares Core S&P 500 ETF | 0.39% | 1,118 | $730K | No change |
| CALM Cal-Maine Foods Inc. | 0.35% | 8,292 | $656K | Add +90.2% |
| WB Weibo Corp.-Spon ADR | 0.32% | 68,502 | $599K | Add +76.5% |
| MNDO Mind Cti Ltd. | 0.11% | 169,621 | $195K | Reduce -2.2% |
| ENIC Enel Chile SA-ADR | 0.03% | 14,559 | $57K | New |
Options reported separately and not counted above: QQQ puts ($1.3B), TLT puts ($210.9M), VAL calls ($10.8M), SPY puts ($585K), DSX calls ($39K).
Portfolio Sells Q4 2025 → Q1 2026
| GREK Global X MSCI Greece ETF | Sold out | 0.00% | −5.68 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −4.86 |
| CRK Comstock Resources Inc. | Reduce -46.5% | 1.10% | −1.62 |
| EXE Expand Energy Corp. | Reduce -43.4% | 0.81% | −0.93 |
| GDX Vaneck Gold Miners ETF | Reduce -2.2% | 5.33% | −0.80 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −0.25 |
| MNDO Mind Cti Ltd. | Reduce -2.2% | 0.11% | −0.02 |
| BORR Borr Drilling Ltd. | Reduce -0.3% | 1.92% | +0.30 |
| FTI Technipfmc PLC | Reduce -1.5% | 2.59% | +0.55 |
Portfolio Buys Q4 2025 → Q1 2026
| ECH iShares MSCI Chile ETF | New | 3.22% | +3.22 |
| SSL Sasol Ltd.-Sponsored ADR | New | 2.44% | +2.44 |
| LXU LSB Industries Inc. | New | 2.05% | +2.05 |
| SDRL Seadrill Limited | New | 2.00% | +2.00 |
| FRO Frontline PLC | Add +4.4% | 3.52% | +0.98 |
| TEN Tsakos Energy Navigation Ltd. | Add +5.5% | 2.37% | +0.83 |
| RIG Transocean Ltd. | Add +8.5% | 2.69% | +0.83 |
| NE Noble Corp. PLC | Add +6.8% | 2.17% | +0.76 |
| VAL Valaris Ltd. | Add +0.1% | 1.63% | +0.62 |
| DHT DHT Holdings Inc. | Add +4.3% | 2.33% | +0.53 |
| INSW International Seaways Inc. | Add +6.4% | 2.10% | +0.52 |
| SM SM Energy Co. | New | 0.48% | +0.48 |
| TDW Tidewater Inc. | Add +4.4% | 1.24% | +0.37 |
| IPI Intrepid Potash Inc. | Add +3.7% | 1.42% | +0.35 |
| HOS Hornbeck Offshore Services I | Add +3.7% | 1.11% | +0.29 |
| PBR Petroleo Brasileiro-Spon ADR | Add +22.3% | 0.65% | +0.28 |
| OII Oceaneering Intl Inc. | Add +1.7% | 1.42% | +0.28 |
| STNG Scorpio Tankers Inc. | Add +3.9% | 1.22% | +0.26 |
| ECO Okeanis Eco Tankers Corp. | Add +11.4% | 0.78% | +0.23 |
| ASC Ardmore Shipping Corp. | Add +4.7% | 1.10% | +0.22 |
| YPF YPF S.A.-Sponsored ADR | Add +1.4% | 2.88% | +0.21 |
| TNK Teekay Tankers Ltd. Class A | Add +1.5% | 1.49% | +0.20 |
| EC Ecopetrol SA-Sponsored ADR | Add +16.3% | 0.59% | +0.18 |
| HAFN Hafnia Ltd. | Add +25.6% | 0.52% | +0.17 |
| TRMD Torm PLC-A | Add +20.9% | 0.50% | +0.15 |
| BWLP BW LPG Ltd. | Add +18.1% | 0.56% | +0.14 |
| XPRO Expro Group Holdings NV | Add +5.7% | 1.05% | +0.13 |
| GPRK Geopark Ltd. | Add +7.7% | 1.04% | +0.13 |
| CALM Cal-Maine Foods Inc. | Add +90.2% | 0.35% | +0.13 |
| RRC Range Resources Corp. | Add +2.8% | 1.37% | +0.12 |
| EWZ iShares MSCI Brazil ETF | Add +1.7% | 5.52% | +0.12 |
| SBLK Star Bulk Carriers Corp. | Add +27.8% | 0.48% | +0.10 |
| AR Antero Resources Corp. | Add +3.3% | 1.35% | +0.07 |
| WB Weibo Corp.-Spon ADR | Add +76.5% | 0.32% | +0.07 |
| SMHI Seacor Marine Holdings Inc. | Add +9.4% | 0.82% | +0.06 |
| MOS The Mosaic Co. | Add +19.6% | 1.02% | +0.05 |
| CNR Core Natural Resources Inc. | Add +6.7% | 1.03% | +0.05 |
| ENIC Enel Chile SA-ADR | New | 0.03% | +0.03 |
| WFRD Weatherford International PL | Add +1.6% | 1.41% | +0.03 |
| EQT Eqt Corp. | Add +2.2% | 1.45% | +0.01 |
| TGS Transportador Gas-ADR SP B | Add +8.3% | 0.78% | +0.00 |
| BTI British American Tob-SP ADR | Add +16.5% | 0.57% | 0.00 |
| IRS Irsa -SP ADR | Add +18.6% | 0.56% | −0.02 |
| BTU Peabody Energy Corp. | Add +5.0% | 1.85% | −0.06 |
| CNX CNX Resources Corp. | Add +2.1% | 1.37% | −0.17 |
| ICL Icl Group Ltd. | Add +7.2% | 0.93% | −0.22 |
| CRESY Cresud S.A.-Spons ADR | Add +3.3% | 2.26% | −0.35 |
| ECNS iShares MSCI China Small-Cap | Add +7.3% | 3.49% | −0.45 |
| PAM Pampa Energia SA-Spon ADR | Add +4.0% | 3.08% | −0.48 |
| CEPU Central Puerto-Sponsored ADR | Add +1.5% | 2.69% | −0.62 |
Options Activity Q4 2025 → Q1 2026
| QQQ Invesco QQQ Trust Series 1 | put | Add +11.1% | 2,265,800 | $1.3B |
| TLT iShares 20+ Year Treasury BD | put | Reduce -1.3% | 2,433,200 | $210.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -97.3% | 900 | $585K |
| NE Noble Corp. PLC | call | Sold out | 300 | $8Kbefore exit |
| SBSW Sibanye-Stillwater Ltd.-ADR | call | Sold out | 100 | $1Kbefore exit |
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 |