Glenorchy Capital Ltd

Fundamental diversified ★Signal CIK 2008506
League rank
#937
in Fundamental diversified · #7437 overall
Long book
$185.0M
Q1 2026
Positions
62
Top-10 weight
35%
concentration
Last quarter
-9.3%
SPY +14.8%
Turnover
14%
of book per quarter

Strategy in plain words

auto-generated from filings

Glenorchy Capital Ltd is a diversified fundamental manager, running a $185.0M US long book across 62 positions.

The portfolio is moderately concentrated (top 10 ≈ 35% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES MSCI BRAZIL ETF, VANECK GOLD MINERS ETF, FRONTLINE PLC, ISHARES MSCI CHINA SMALL-CAP, ISHARES MSCI CHILE ETF.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.2%
Q2 2024
-1.4%
Q3 2024
+4.7%
Q4 2024
-2.3%
Q1 2025
+8.6%
Q2 2025
+5.6%
Q3 2025
+13.2%
Q4 2025
+15.5%
Q1 2026
-9.3%

Sector allocation

Energy
41%
Industrials
38%
Materials
11%
Other
9%
Consumer staples
1%
Technology
0%

Long book by quarter

$121.4M
Q1 2024
$135.8M
Q2 2024
$133.0M
Q3 2024
$139.5M
Q4 2024
$268.4M
Q1 2025
$135.8M
Q2 2025
$137.8M
Q3 2025
$153.8M
Q4 2025
$185.0M
Q1 2026

What does Glenorchy Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
FRO FRONTLINE PLCIndustrials186.9K$6.5M3.5%+4.4%
RIG TRANSOCEAN LTDEnergy750.5K$5.0M2.7%+8.5%
FTI TECHNIPFMC PLCIndustrials69.2K$4.8M2.6%-1.5%
TEN TSAKOS ENERGY NAVIGATION LTDIndustrials111.0K$4.4M2.4%+5.5%
DHT DHT HOLDINGS INCIndustrials235.4K$4.3M2.3%+4.3%
NE NOBLE CORP PLCEnergy81.8K$4.0M2.2%+6.8%
INSW INTERNATIONAL SEAWAYS INCIndustrials53.2K$3.9M2.1%+6.4%
LXU LSB INDUSTRIES INCMaterials254.8K$3.8M2.1%New
SDRL SEADRILL LIMITEDEnergy81.5K$3.7M2.0%New
BORR BORR DRILLING LTDEnergy614.5K$3.5M1.9%-0.3%
BTU PEABODY ENERGY CORPMaterials103.7K$3.4M1.8%+5.0%
VAL VALARIS LTDEnergy30.8K$3.0M1.6%+0.1%
TNK TEEKAY TANKERS LTD-CLASS AIndustrials37.5K$2.7M1.5%+1.5%
EQT EQT CORPEnergy42.0K$2.7M1.4%+2.2%
OII OCEANEERING INTL INCEnergy74.3K$2.6M1.4%+1.7%
IPI INTREPID POTASH INCMaterials61.2K$2.6M1.4%+3.7%
0WE WEATHERFORD INTERNATIONAL PL27.6K$2.6M1.4%+1.5%
RRC RANGE RESOURCES CORPEnergy56.3K$2.5M1.4%+2.8%
CNX CNX RESOURCES CORPEnergy65.6K$2.5M1.4%+2.1%
AR ANTERO RESOURCES CORPEnergy59.0K$2.5M1.4%+3.3%
TDW TIDEWATER INCIndustrials27.4K$2.3M1.2%+4.4%
STNG SCORPIO TANKERS INCIndustrials30.3K$2.3M1.2%+3.9%
GEOS GEOSPACE TECHNOLOGIES CORPOther173.3K$2.1M1.1%+1.4%
HLX HELIX ENERGY SOLUTIONS GROUPEnergy207.8K$2.1M1.1%+3.7%
CRK COMSTOCK RESOURCES INCEnergy96.4K$2.0M1.1%-46.5%
ASC ARDMORE SHIPPING CORPIndustrials133.0K$2.0M1.1%+4.7%
XPRO EXPRO GROUP HOLDINGS NVEnergy111.9K$1.9M1.1%+5.7%
GPRK GEOPARK LTDEnergy201.8K$1.9M1.0%+7.7%
CNR CORE NATURAL RESOURCES INCMaterials18.1K$1.9M1.0%+6.7%
MOS MOSAIC CO/THEOther74.1K$1.9M1.0%+19.6%
ICL ICL GROUP LTDOther331.6K$1.7M0.9%+7.2%
SMHI SEACOR MARINE HOLDINGS INCIndustrials210.9K$1.5M0.8%+9.4%
EXE EXPAND ENERGY CORPEnergy13.7K$1.5M0.8%-43.4%
ECO OKEANIS ECO TANKERS CORPIndustrials27.7K$1.4M0.8%+11.5%
BWLP BW LPG LTDIndustrials58.9K$1.0M0.6%+18.1%
HAFN HAFNIA LTDIndustrials124.3K$957K0.5%+25.6%
TRMDA TORM PLC-A33.4K$933K0.5%+20.9%
SBLK STAR BULK CARRIERS CORPIndustrials38.7K$890K0.5%+27.8%
SM SM ENERGY COEnergy28.2K$881K0.5%New
CALM CAL-MAINE FOODS INCConsumer staples8.3K$656K0.4%+90.2%
MNDO MIND CTI LTDTechnology169.6K$195K0.1%-2.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202667$1.72B canonicalSEC ↗
Q4 202513F-HRJan 30, 202666$1.65B canonicalSEC ↗
Q3 202513F-HROct 30, 202566$679.9M canonicalSEC ↗
Q2 202513F-HRAug 14, 202565$670.6M canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSAug 15, 202564$162.8M canonicalSEC ↗
Q1 202513F-HRMay 13, 202558$134.2M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202565$170.8M canonicalSEC ↗
Q3 202413F-HROct 18, 202469$319.3M canonicalSEC ↗
Q2 202413F-HRJul 30, 202468$322.4M canonicalSEC ↗
Q1 202413F-HRMay 15, 202468$283.7M canonicalSEC ↗