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Livermore
Livermore
ZHEN

Gemsstock Limited

SEC CIK
0001724140
Latest filing
Aug 14, 2026

The latest 13F from Gemsstock Limited covers Q2 2026 (filed Aug 14, 2026): 13 long positions worth $307.5M. The top 10 holdings make up 89.1% of the portfolio, and the largest is VanEck ETF Trust at 18.8%. Livermore has 25 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$59.4M
Added
4
Est. +$49.0M
Reduced
4
Est. −$135.2M
Sold out
19
Est. −$546.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. VanEck ETF Trust92189F106
    18.8%$57.9M
  2. VISTVista Energy, S.A.B. de C.V.
    14.8%$45.5MHistory
  3. KSPIJoint Stock Co Kaspi.kz
    11.1%$34.2MHistory
  4. GPORGulfport Energy Corp
    7.7%$23.7MHistory
  5. BMAMacro Bank Inc.
    7.2%$22.0MHistory

Share of portfolio

Top 5 holdings and the other 8 positions, by share of portfolio value

  1. VanEck ETF Trust18.8%
  2. VIST14.8%
  3. KSPI11.1%
  4. GPOR7.7%
  5. BMA7.2%
  6. Other 8 positions40.4%

Biggest buys

New and added positions, by estimated amount bought

  1. VanEck ETF Trust92189F106
    +$42.5MAdded
  2. BMAMacro Bank Inc.
    +$22.0MNewHistory
  3. PBRPetrobras - Petroleo Brasileiro SA
    +$15.2MNewHistory
  4. YPFYpf Sociedad Anonima
    +$14.4MNewHistory
  5. CAAPCorporacion America Airports S.A.
    +$7.76MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. VanEck ETF Trust92189F106
    +16.85 pp2.0% → 18.8%
  2. VISTVista Energy, S.A.B. de C.V.
    +9.46 pp5.3% → 14.8%History
  3. BMAMacro Bank Inc.
    +7.17 pp0.0% → 7.2%History
  4. PBRPetrobras - Petroleo Brasileiro SA
    +4.93 pp0.0% → 4.9%History
  5. YPFYpf Sociedad Anonima
    +4.70 pp0.0% → 4.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GPORGulfport Energy Corp
    −$62.5MReducedHistory
  2. EQXEquinox Gold Corp.
    −$62.0MReducedHistory
  3. AMZNAmazon Com Inc
    −$60.3MSold outHistory
  4. BBarrick Mining Corp
    −$55.6MSold outHistory
  5. EXEExpand Energy Corp
    −$48.1MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. EQXEquinox Gold Corp.
    −6.62 pp12.6% → 6.0%History
  2. AMZNAmazon Com Inc
    −6.35 pp6.4% → 0.0%History
  3. BBarrick Mining Corp
    −5.86 pp5.9% → 0.0%History
  4. EXEExpand Energy Corp
    −5.07 pp5.1% → 0.0%History
  5. EQTEQT Corp
    −4.94 pp4.9% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$307.5M
−$641.3M (−67.6%) vs. prior quarter
Positions
13
−15 vs. prior quarter
Top 10 concentration
89.1%
Top 10 as share of value
Turnover
17.3%
Q2 2026, one quarter
Average holding period
4.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $948.8M (Q1 2026)

Q1 2021: $174.8MQ2 2021: $317.1MQ3 2021: $220.5MQ4 2021: $260.5MQ1 2022: $376.2MQ2 2022: $77.9MQ3 2022: $101.1MQ4 2022: $125.6MQ1 2023: $91.5MQ2 2023: $148.2MQ3 2023: $228.0MQ4 2023: $269.4MQ1 2024: $265.0MQ2 2024: $313.7MQ3 2024: $206.8MQ4 2024: $483.2MQ1 2025: $265.4MQ2 2025: $382.3MQ3 2025: $377.3MQ4 2025: $686.7MQ1 2026: $948.8MQ2 2026: $307.5M
Q1 2021Q2 2026
13F filings of Gemsstock Limited by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026Amended13$307.5MVanEck ETF TrustVISTKSPIvs. Q1 2026SEC
Q1 2026May 14, 202628$948.8MEQXGPORAMZNvs. Q4 2025SEC
Q4 2025Feb 13, 202622$686.7MEQXGPORAMZNvs. Q3 2025SEC
Q3 2025Nov 12, 202515$377.3MEQXEQTVanEck ETF Trustvs. Q2 2025SEC
Q2 2025Aug 14, 202517$382.3MiShares IncEQXDBvs. Q1 2025SEC
Q1 2025May 13, 202518$265.4MKSPIEQXGGALvs. Q4 2024SEC
Q4 2024Feb 13, 202516$483.2MInvesco QQQ Trust Series IInvesco Exchange Traded FD TGOOGvs. Q3 2024SEC
Q3 2024Nov 8, 20249$206.8MInvesco QQQ Trust Series IAMZNBarrick Gold Corpvs. Q2 2024SEC
Q2 2024Aug 6, 202413$313.7MAMZNTECKGOOGvs. Q1 2024SEC
Q1 2024May 8, 202413$265.0MTECKNUGOOGvs. Q4 2023SEC
Q4 2023Feb 9, 202413$269.4MPBRTECKJPMvs. Q3 2023SEC
Q3 2023Nov 9, 20239$228.0MSVXYSHELNUvs. Q2 2023SEC
Q2 2023Aug 10, 20237$148.2MJPMITUBNUvs. Q1 2023SEC
Q1 2023May 10, 20237$91.5MJPMTECKFreyr Batteryvs. Q4 2022SEC
Q4 2022Feb 14, 2023Amended8$125.6MPBRMOSSHELvs. Q3 2022SEC
Q3 2022Nov 9, 20225$101.1MLNGMOSSHELvs. Q2 2022SEC
Q2 2022Aug 9, 20227$77.9MSHELLNGMOSvs. Q1 2022SEC
Q1 2022May 9, 202213$376.2MPBRMOSVALEvs. Q4 2021SEC
Q4 2021Feb 7, 202218$260.5MAVGOGSRoyal Dutch Shell PLCvs. Q3 2021SEC
Q3 2021Nov 10, 202115$220.5MAVGORoyal Dutch Shell PLCMAvs. Q2 2021SEC
Q2 2021Aug 9, 202117$317.1MGOOGAMZNMUvs. Q1 2021SEC
Q1 2021May 14, 202110$174.8MMUJPMAVGO–SEC