Gemsstock Ltd. — 13F holdings

Gemsstock Ltd. reported 13 holdings worth $307M in its 13F filing for Q2 2026, filed August 14, 2026.

Largest positions

1. GDX VANECK ETF TRUST — $57.9M (18.8%)
2. VIST VISTA ENERGY S.A.B. DE C.V. — $45.5M (14.8%)
3. KSPI KASPI KZ JSC — $34.2M (11.1%)
4. GPOR GULFPORT ENERGY CORP — $23.7M (7.7%)
5. BMA Banco Macro SA — $22.0M (7.2%)
6. NU NU HLDGS LTD — $19.8M (6.4%)
7. ITUB ITAU UNIBANCO HLDG S A — $18.9M (6.2%)
8. EQX EQUINOX GOLD CORP — $18.5M (6.0%)
9. MELI Mercadolibre Inc — $18.4M (6.0%)
10. PBR PETROLEO BRASILEIRO SA PETRO — $15.2M (4.9%)