Moon Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Moon Capital Management LP reported 12 stock positions worth $126.2 million. Its top holding was iShares Gold Trust (IAU) at 72.9% of the portfolio, followed by Millicom Intl Cellular (TIGO, 5.2%) and Cosan SA -ADR (CSANY, 4.6%). Compared with Q4 2024, it opened 1 new position, sold out of 6, added to 4 and reduced 4. The biggest buy was Millicom Intl Cellular (TIGO, shares +286%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001387303
- Portfolio Value
- $126.2M (Q1 2025)
- SEC Filing
- 0001387303-25-000002 ↗ filed May 15, 2025
Holdings Value
Holdings 12 stocks · $126.2M
| IAU iShares Gold Trust | 72.85% | 1,559,604 | $92.0M | No change |
| TIGO Millicom Intl Cellular S.A. | 5.18% | 215,923 | $6.5M | Add +285.6% |
| CSANY Cosan SA -ADR | 4.55% | 1,101,344 | $5.7M | Reduce -9.5% |
| BWA Borgwarner Inc. | 3.50% | 154,061 | $4.4M | Add +424.0% |
| ALV Autoliv Inc. | 2.69% | 38,357 | $3.4M | Add +24.3% |
| GDX Vaneck Gold Miners ETF | 2.15% | 59,123 | $2.7M | No change |
| AN Autonation Inc. | 2.11% | 16,417 | $2.7M | Reduce -22.1% |
| GDXJ Vaneck Junior Gold Miners | 1.84% | 40,627 | $2.3M | No change |
| EWZ iShares MSCI Brazil ETF | 1.73% | 84,597 | $2.2M | Add +781.5% |
| APTV Aptiv PLC | 1.21% | 25,739 | $1.5M | New |
| IHS Ihs Holding Ltd. | 1.17% | 284,097 | $1.5M | Reduce -84.3% |
| BABA Alibaba Group Holding-SP ADR | 1.01% | 9,647 | $1.3M | Reduce -50.0% |
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −10.86 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −3.77 |
| IHS Ihs Holding Ltd. | Reduce -84.3% | 1.17% | −2.85 |
| IAUX I-80 Gold Corp. | Sold out | 0.00% | −2.21 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −2.19 |
| STLA Stellantis NV | Sold out | 0.00% | −1.86 |
| AN Autonation Inc. | Reduce -22.1% | 2.11% | −0.62 |
| CSANY Cosan SA -ADR | Reduce -9.5% | 4.55% | −0.48 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.37 |
| BABA Alibaba Group Holding-SP ADR | Reduce -50.0% | 1.01% | −0.23 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $148.1M | IAU, GDX, IAUX, BWA, APTV |
| Q1 2026 | 13 | $165.6M | IAU, APTV, GDX, IAUX, GDXJ |
| Q4 2025 | 11 | $160.7M | IAU, DIA, IAUX, APTV, GDX |
| Q3 2025Amended | 11 | $135.9M | IAU, GDX, GDXJ, IAUX, GM |
| Q2 2025 | 13 | $131.5M | IAU, TIGO, LAD, GDX, BWA |
| Q1 2025 | 12 | $126.2M | IAU, TIGO, CSANY, BWA, ALV |
| Q4 2024 | 17 | $131.5M | IAU, SPY, CSANY, IHS, ITUB |
| Q3 2024 | 17 | $138.2M | IAU, CSANY, IAUX, EWZ, APTV |
| Q2 2024 | 16 | $118.1M | IAU, IAUX, CSANY, VC, EWZ |
| Q1 2024 | 14 | $99.6M | IAU, BWA, APTV, EWZ, GM |