Gemsstock 13F annual report

Gemsstock is an investment fund managing more than $314 billion ran by Andy Low. There are currently 13 companies in Mr. Low’s portfolio. The largest investments include Amazon.com and Teck Resources Ltd, together worth $93.7 billion.

$314 billion Assets Under Management (AUM)

As of 30th July 2024, Gemsstock’s top holding is 277,065 shares of Amazon.com currently worth over $53.5 billion and making up 17.1% of the portfolio value. Relative to the number of outstanding shares of Amazon.com, Gemsstock owns more than approximately 0.1% of the company. In addition, the fund holds 838,170 shares of Teck Resources Ltd worth $40.1 billion, whose value grew 14.7% in the past six months. The third-largest holding is Alphabet Inc worth $39.4 billion and the next is Broadcom Inc worth $35.3 billion, with 22,000 shares owned.

Currently, Gemsstock's portfolio is worth at least $314 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Gemsstock

The Gemsstock office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Andy Low serves as the Director at Gemsstock.

Recent trades

In the most recent 13F filing, Gemsstock revealed that it had opened a new position in Vista Energy S.a.b. De C.v. and bought 292,600 shares worth $13.3 billion.

The investment fund also strengthened its position in Amazon.com by buying 134,565 additional shares. This makes their stake in Amazon.com total 277,065 shares worth $53.5 billion. Amazon.com dropped approximately 0.1% in the past year.

On the other hand, there are companies that Gemsstock is getting rid of from its portfolio. Gemsstock closed its position in Nu Hldgs Ltd on 6th August 2024. It sold the previously owned 3,162,503 shares for $37.7 billion. Andy Low also disclosed a decreased stake in Shell Plc by approximately 0.1%. This leaves the value of the investment at $17.9 billion and 248,424 shares.

One of the smaller hedge funds

The two most similar investment funds to Gemsstock are Meridian Investment Counsel Inc and Btg Pactual Global Asset Management Ltd. They manage $314 billion and $314 billion respectively.

Andy Low investment strategy

Gemsstock’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Materials — making up 25.0% of the total portfolio value. The fund focuses on investments in the United States as 38.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 46% of the total holdings value. On the other hand, small-cap stocks make up 15.4% of the portfolio. The average market cap of the portfolio companies is close to $177 billion.

The complete list of Gemsstock trades based on 13F SEC filings

These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Amazon.com Inc.	94.43% 277,065	$53,542,811,000	17.07%
Teck Resources Ltd	1.40% 838,170	$40,148,343,000	12.80%
Alphabet Inc	15.73% 214,800	$39,398,616,000	12.56%
Nu Hldgs Ltd	Closed 3,162,503	$37,728,661,000
Broadcom Inc	9.45% 22,000	$35,321,660,000	11.26%
Taiwan Semiconductor Mfg Ltd	16.68% 191,700	$33,319,377,000	10.62%
JPMorgan Chase & Co.	3.42% 136,000	$27,507,360,000	8.77%
Itau Unibanco Hldg S A	Closed 3,424,782	$23,733,739,000
Shell Plc	1.00% 248,424	$17,931,244,000	5.72%
Vista Energy S.a.b. De C.v.	Opened 292,600	$13,307,448,000	4.24%
Equinox Gold Corp	Opened 2,499,100	$13,045,302,000	4.16%
Newmont Corp	Opened 305,100	$12,774,537,000	4.07%
Barrick Gold Corp.	Opened 750,700	$12,521,676,000	3.99%
VanEck ETF Trust	Opened 283,300	$11,932,596,000	3.80%
Petroleo Brasileiro Sa Petro	Closed 407,708	$6,201,239,000
V F Corp	Closed 362,500	$5,560,750,000
Banco Bradesco S.A.	Closed 1,720,607	$4,920,936,000
Freyr Battery Inc	No change 1,715,915	$2,917,056,000	0.93%
No transactions found
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