Q3 2025 · 13F-HR
Eschler Asset Management LLPholdings as filed
Filed 2025-11-13 · accession 0000919574-25-006725
$134.9M
Reported value
67
Positions
2025-09-30
Period end
The Brief · Eschler Asset Management LLP · Q3 2025
AI · grounded in 13F
Eschler Asset Management LLP established a new position in GDS valued at $18.6M. The fund also initiated new stakes in NEM for $14.8M and NGDN for $11.3M. Additional new positions include SE at $10.4M and AGI at $7.7M. The fund ended the period with 67 positions and total AUM of $134.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 36165L108 | GDS | GDS HLDGS LTD | $18.6M | 13.8% | 481,471 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $14.8M | 10.9% | 175,000 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $11.3M | 8.37% | 1,572,076 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $10.4M | 7.69% | 58,000 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $7.7M | 5.73% | 221,620 | Common | SOLE |
| 44955L106 | IAUX | I-80 GOLD CORP | $7.2M | 5.31% | 7,500,000 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $7.0M | 5.21% | 100,000 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $5.5M | 4.10% | 55,781 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.2M | 3.15% | 5,784 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $4.2M | 3.12% | 25,000 | Common | SOLE |
| 26853E102 | EH | EHANG HLDGS LTD | $3.7M | 2.75% | 200,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $3.6M | 2.70% | 14,970 | Common | SOLE |
| 48553T106 | BZ | KANZHUN LIMITED | $3.5M | 2.60% | 150,000 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $2.3M | 1.68% | 3 | Common | SOLE |
| 45258D105 | IMCR | IMMUNOCORE HLDGS PLC | $1.5M | 1.08% | 40,000 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $1.4M | 1.05% | 331 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $1.4M | 1.02% | 85,615 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.4M | 1.01% | 7,299 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $1.2M | 0.89% | 4,726 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $1.0M | 0.76% | 10,724 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $1.0M | 0.75% | 45,200 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $948,862 | 0.70% | 6,850 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $935,028 | 0.69% | 802 | Common | SOLE |
| 596278101 | MIDD | MIDDLEBY CORP | $930,510 | 0.69% | 7,000 | Common | SOLE |
| 428050108 | HSAI | HESAI GROUP | $862,670 | 0.64% | 30,700 | Common | SOLE |
| 63900P608 | NRP | NATURAL RESOURCE PARTNERS L | $840,000 | 0.62% | 8,000 | Common | SOLE |
| 00138L108 | RERE | ATRENEW INC | $808,220 | 0.60% | 175,700 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $804,413 | 0.60% | 71,567 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $679,564 | 0.50% | 2,875 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $661,301 | 0.49% | 3,700 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $651,059 | 0.48% | 63,026 | Common | SOLE |
| 115637209 | BF/B | BROWN FORMAN CORP | $649,108 | 0.48% | 23,970 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $634,010 | 0.47% | 13,000 | Common | SOLE |
| 05352A100 | AVTR | AVANTOR INC | $624,000 | 0.46% | 50,000 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $604,432 | 0.45% | 7,400 | Common | SOLE |
| 45781V101 | IIPR | INNOVATIVE INDL PPTYS INC | $544,641 | 0.40% | 10,165 | Common | SOLE |
| 00108J109 | ACMR | ACM RESH INC | $544,064 | 0.40% | 13,904 | Common | SOLE |
| 100557107 | SAM | BOSTON BEER INC | $528,550 | 0.39% | 2,500 | Common | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $525,840 | 0.39% | 42,000 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $507,508 | 0.38% | 11,808 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $488,663 | 0.36% | 972 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $474,271 | 0.35% | 2,160 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $434,700 | 0.32% | 18,000 | Common | SOLE |
| 65487X102 | NOAH | NOAH HLDGS LTD | $429,989 | 0.32% | 37,100 | Common | SOLE |
| 00768Y453 | MSOS | ADVISORSHARES TR | $413,511 | 0.31% | 86,328 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $388,544 | 0.29% | 3,376 | Common | SOLE |
| 517834107 | LVS | LAS VEGAS SANDS CORP | $376,530 | 0.28% | 7,000 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $374,400 | 0.28% | 120,000 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $366,900 | 0.27% | 157 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $362,760 | 0.27% | 12,000 | Common | SOLE |
| 09075V102 | BNTX | BIONTECH SE | $353,060 | 0.26% | 3,580 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $303,592 | 0.23% | 15,007 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $303,450 | 0.22% | 15,000 | Common | SOLE |
| 46138E800 | CQQQ | INVESCO EXCH TRADED FD TR II | $297,292 | 0.22% | 5,038 | Common | SOLE |
| 72352L106 | PINS | PINTEREST INC | $296,929 | 0.22% | 9,230 | Common | SOLE |
| 003262102 | PALL | ABRDN PALLADIUM ETF TRUST | $294,216 | 0.22% | 2,577 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $285,609 | 0.21% | 4,259 | Common | SOLE |
| 92919F103 | VOXR | VOX ROYALTY CORP | $276,060 | 0.20% | 64,200 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $268,344 | 0.20% | 21,382 | Common | SOLE |
| 82835P103 | SVM | SILVERCORP METALS INC | $262,293 | 0.19% | 41,502 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $253,710 | 0.19% | 3,000 | Common | SOLE |
| 218352102 | CORT | CORCEPT THERAPEUTICS INC | $251,823 | 0.19% | 3,030 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $248,098 | 0.18% | 479 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $241,914 | 0.18% | 37,506 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $236,629 | 0.18% | 1,073 | Common | SOLE |
| 413216300 | HMY | HARMONY GOLD MINING CO LTD | $210,867 | 0.16% | 11,618 | Common | SOLE |
| 42806J700 | HTZ | HERTZ GLOBAL HLDGS INC | $195,371 | 0.14% | 28,731 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.