Moon Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Moon Capital Management LP reported 13 stock positions worth $131.5 million. Its top holding was iShares Gold Trust (IAU) at 74.0% of the portfolio, followed by Millicom Intl Cellular (TIGO, 6.2%) and Lithia Motors (LAD, 2.8%). Compared with Q1 2025, it opened 5 new positions, sold out of 4 and reduced 4. The biggest buy was a new position in Lithia Motors (LAD) and the biggest sale Cosan SA -ADR (CSANY, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001387303
- Portfolio Value
- $131.5M (Q2 2025)
- SEC Filing
- 0001387303-25-000003 ↗ filed Aug 12, 2025
Holdings Value
Holdings 13 stocks · $131.5M
| IAU iShares Gold Trust | 73.96% | 1,559,604 | $97.3M | No change |
| TIGO Millicom Intl Cellular S.A. | 6.15% | 215,923 | $8.1M | No change |
| LAD Lithia Motors Inc. | 2.77% | 10,798 | $3.6M | New |
| GDX Vaneck Gold Miners ETF | 2.34% | 59,123 | $3.1M | No change |
| BWA Borgwarner Inc. | 2.33% | 91,371 | $3.1M | Reduce -40.7% |
| GDXJ Vaneck Junior Gold Miners | 2.09% | 40,627 | $2.7M | No change |
| ABG Asbury Automotive Group | 1.94% | 10,673 | $2.5M | New |
| DAN Dana Inc. | 1.66% | 127,092 | $2.2M | New |
| EWZ iShares MSCI Brazil ETF | 1.64% | 74,597 | $2.2M | Reduce -11.8% |
| ALV Autoliv Inc. | 1.40% | 16,453 | $1.8M | Reduce -57.1% |
| IAUX I-80 Gold Corp. | 1.37% | 3,000,000 | $1.8M | New |
| CSANY Cosan SA -ADR | 1.24% | 322,073 | $1.6M | Reduce -70.8% |
| PCAR Paccar Inc. | 1.13% | 15,641 | $1.5M | New |
Portfolio Sells Q1 2025 → Q2 2025
| CSANY Cosan SA -ADR | Reduce -70.8% | 1.24% | −3.32 |
| AN Autonation Inc. | Sold out | 0.00% | −2.11 |
| ALV Autoliv Inc. | Reduce -57.1% | 1.40% | −1.29 |
| APTV Aptiv PLC | Sold out | 0.00% | −1.21 |
| IHS Ihs Holding Ltd. | Sold out | 0.00% | −1.17 |
| BWA Borgwarner Inc. | Reduce -40.7% | 2.33% | −1.17 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −1.01 |
| EWZ iShares MSCI Brazil ETF | Reduce -11.8% | 1.64% | −0.10 |
Portfolio Buys Q1 2025 → Q2 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 |