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Livermore
Livermore
ZHEN

VR Advisory Services Ltd

SEC CIK
0001348145
Latest filing
Aug 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
36
+3 vs. Q2 2025
Portfolio value
$412.4M
+$37.2M (+9.9%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of VR Advisory Services Ltd in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Paysafe LtdG6964L115*W EXP 08/11/202132,285$2.45K<0.1%00.0%Unchanged–
ASBPWAspire-Lakewood Holdings, Inc.*W EXP 02/14/20399,692$2.98K<0.1%00.0%UnchangedHistory
SPWRWSunPower Inc.Warrant37,500$9.96K<0.1%00.0%UnchangedHistory
PSQ Holdings, Inc.693691115Warrant53,333$10.1K<0.1%00.0%Unchanged–
KIDZWKIDZ AI Inc.*W EXP 04/03/203150,000$12.0K<0.1%+150,000NewHistory
Southland Hldgs I 28 Wtfwarrants Exp 02/14/2884445C118ETF75,000$14.5K<0.1%00.0%Unchanged–
ASBPAspire-Lakewood Holdings, Inc.COM97,391$20.1K<0.1%00.0%UnchangedHistory
BlackSky Technology Inc.09263B116*W EXP 10/30/202130,600$22.0K<0.1%00.0%Unchanged–
NIOBWNiocorp Developments Ltd*W EXP 03/17/20215,356$28.3K<0.1%00.0%UnchangedHistory
PGYWWPagaya Technologies Ltd.*W EXP 09/01/20266,666$33.3K<0.1%00.0%UnchangedHistory
AENTWAlliance Entertainment Holding CorpCOM100,000$59.0K<0.1%00.0%UnchangedHistory
Bakkt Holdings Inc05759B115*W EXP 07/01/202150,000$67.5K<0.1%00.0%Unchanged–
FLDDWFold Holdings, Inc.*W EXP 10/19/202187,500$94.1K<0.1%00.0%UnchangedHistory
SOUNWSoundhound AI, Inc.*W EXP 04/26/20225,000$179.6K<0.1%00.0%UnchangedHistory
RILYBRC Group Holdings, Inc.COM52,000$230.7K0.1%00.0%UnchangedHistory
Solana ETF92864M822ETP58,000$1.28M0.3%+58,000New–
GPRKGeoPark LtdUSD SHS234,685$1.49M0.4%00.0%UnchangedHistory
HSDTSolana CoCOM CL A NEW581,310$3.59M0.9%+581,310NewHistory
TGSGas Transporter of the South IncSPONSORED ADS B195,115$4.10M1.0%−20,646−9.6%ReducedHistory
NEMNEWMONT CorpStock55,187$4.65M1.1%+55,187NewHistory
INDVIndivior Pharmaceuticals, Inc.ORD199,997$4.82M1.2%−441,213−68.8%ReducedHistory
PBFPBF Energy Inc.CL A170,945$5.16M1.3%00.0%UnchangedHistory
VEONVEON Ltd.SPONSORED ADS100,166$5.45M1.3%+10,000+11.1%AddedHistory
NBRNabors Industries LtdSHS134,789$5.51M1.3%00.0%UnchangedHistory
CRESYCresud IncSPONSORED ADR886,474$8.16M2.0%+470,365+113.0%AddedHistory
ECOOkeanis Eco Tankers Corp.SHS350,088$10.3M2.5%00.0%UnchangedHistory
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS368,652$12.7M3.1%+368,652NewHistory
AERAerCap Holdings N.V.SHS110,000$13.3M3.2%+37,000+50.7%AddedHistory
PAMPampa Energy Inc.SPONS ADR LVL I272,013$16.3M4.0%00.0%UnchangedHistory
PUMPProPetro Holding Corp.COM3,679,359$19.3M4.7%+2,504,634+213.2%AddedHistory
CORZCore Scientific, Inc.COM1,211,747$21.7M5.3%+1,211,747NewHistory
ALSumisho Air Lease CorpCL A375,000$23.9M5.8%00.0%UnchangedHistory
IRSIrsa Investments & Representations IncGLOBL DEP RCPT2,656,161$31.4M7.6%+404,550+18.0%AddedHistory
HEPSD-MARKET Electronic Services & TradingSPONSORED ADS15,941,737$42.9M10.4%+2,007,252+14.4%AddedHistory
YPFYpf Sociedad AnonimaSPON ADR CL D3,605,533$87.6M21.2%+200,000+5.9%AddedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS1,077,369$88.0M21.3%00.0%UnchangedHistory

Sold out since Q2 2025 (3)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of VR Advisory Services Ltd sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
Irsa Inversiones Y Rep S AP5880C134*W EXP 05/25/2022,730,134$4.59M1.2%–
CARAvis Budget Group, Inc.COM25,000$4.23M1.1%History
Cresud S A C I F Y AP3311R259*W EXP 03/08/2021,924,767$1.62M0.4%–