Eschler Asset Management LLP
Long book
$100.3M
Q1 2026
Positions
33
Top-10 weight
81%
concentration
Last quarter
+2.1%
SPY +14.8%
Turnover
58%
of book per quarter
Strategy in plain words
auto-generated from filingsEschler Asset Management LLP is an institutional manager, running a $100.3M US long book across 33 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VANECK JUNIOR GOLD MINERS, I-80 GOLD CORP, NEWMONT CORP, ALPHABET INC-CL C, VANGUARD TOTAL INTL STOCK.
Over the last 9 quarters its long book ran on average 6.9pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.6%
Q2 2024
+16.3%
Q3 2024
+8.6%
Q4 2024
+1.9%
Q1 2025
+9.0%
Q2 2025
+58.2%
Q3 2025
+3.2%
Q4 2025
+2.2%
Q1 2026
+2.1%
Sector allocation
Materials 48%
Technology 25%
Industrials 9%
Energy 5%
Financials 3%
Healthcare 2%
Services media 2%
Consumer discretionary 2%
Long book by quarter
What does Eschler Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| IAUX I-80 GOLD CORP | Materials | 9.0M | $13.7M | 13.6% | +20.0% |
| NEM NEWMONT CORP | Materials | 100.0K | $10.8M | 10.8% | -42.9% |
| GOOG ALPHABET INC-CL C | Technology | 29.7K | $8.5M | 8.5% | +102.2% |
| BE BLOOM ENERGY CORP- A | Industrials | 35.0K | $4.7M | 4.7% | New |
| META META PLATFORMS INC-CLASS A | Technology | 5.4K | $3.1M | 3.1% | -0.8% |
| VAL VALARIS LTD | Energy | 14.3K | $1.4M | 1.4% | Held |
| MELI MERCADOLIBRE INC | Services media | 750 | $1.3M | 1.3% | +106.0% |
| HCA HCA HEALTHCARE INC | Healthcare | 2.3K | $1.1M | 1.1% | +21.2% |
| SAM BOSTON BEER COMPANY INC-A | Consumer staples | 4.6K | $1.1M | 1.1% | Held |
| NVDA NVIDIA CORP | Technology | 5.8K | $1.0M | 1.0% | -67.8% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 70.0K | $1.0M | 1.0% | Held |
| NRP NATURAL RESOURCE PARTNERS LP | Materials | 8.0K | $968K | 1.0% | Held |
| EQT EQT CORP | Energy | 14.8K | $943K | 0.9% | New |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 9.7K | $795K | 0.8% | Held |
| IPI INTREPID POTASH INC | Materials | 18.5K | $790K | 0.8% | New |
| NOW SERVICENOW INC | Technology | 6.9K | $721K | 0.7% | New |
| BLK BLACKROCK INC | Financials | 736 | $708K | 0.7% | -3.4% |
| RIG TRANSOCEAN LTD | Energy | 94.0K | $623K | 0.6% | -34.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.0K | $425K | 0.4% | -6.1% |
| RBLX ROBLOX CORP -CLASS A | Technology | 6.8K | $387K | 0.4% | Held |
| BHC BAUSCH HEALTH COS INC | Healthcare | 37.5K | $203K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 35 | $100.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 57 | $148.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 72 | $134.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 63 | $132.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 41 | $40.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 50 | $42.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 65 | $67.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 55 | $127.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 103 | $154.6M | canonical | SEC ↗ |
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