Equinox Partners Investment Management LLC
Long book
$245.4M
Q1 2026
Positions
11
Top-10 weight
98%
concentration
Last quarter
-19.9%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsEquinox Partners Investment Management LLC is a concentrated fundamental stock-picker, specialised in energy (69% of the long book), running a $245.4M US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: KOSMOS ENERGY LTD, GRAN TIERRA ENERGY INC, NEW PACIFIC METALS CORP, GALIANO GOLD INC, VISTA ENERGY SAB DE CV.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+10.1%
Q2 2024
-10.8%
Q3 2024
-11.4%
Q4 2024
-7.2%
Q1 2025
+1.6%
Q2 2025
+37.4%
Q3 2025
+12.7%
Q4 2025
+32.0%
Q1 2026
-19.9%
Sector allocation
Energy 65%
Materials 35%
Long book by quarter
What does Equinox Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KOS KOSMOS ENERGY LTD | Energy | 20.7M | $57.5M | 23.4% | +6.2% |
| GTE GRAN TIERRA ENERGY INC | Energy | 6.4M | $57.2M | 23.3% | Held |
| NEWP NEW PACIFIC METALS CORP | Materials | 6.7M | $27.8M | 11.3% | +18.5% |
| GAU GALIANO GOLD INC | Materials | 9.4M | $23.4M | 9.5% | -32.4% |
| VZLA VIZSLA SILVER CORP | Materials | 2.3M | $7.5M | 3.0% | -35.6% |
| ITRG INTEGRA RESOURCES CORP | Materials | 2.4M | $6.5M | 2.7% | -59.1% |
| PDS PRECISION DRILLING CORP | Energy | 65.2K | $6.4M | 2.6% | +116.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 11 | $245.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 12 | $191.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 9 | $185.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9 | $175.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 9 | $174.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 9 | $147.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 9 | $145.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 9 | $155.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 8 | $123.1M | canonical | SEC ↗ |
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