VR Advisory Services Ltd

Fundamental concentrated ★Highest signal CIK 1348145
League rank
#718
in Fundamental concentrated · #5421 overall
Long book
$844.9M
Q1 2026
Positions
40
Top-10 weight
70%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

VR Advisory Services Ltd is a concentrated fundamental stock-picker, running a $844.9M US long book across 40 positions.

The portfolio is concentrated: the top 10 names carry 70% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: YPF S.A.-SPONSORED ADR, JSC KASPI.KZ ADR, GRUPO AEROMEXICO SAB DE CV, AERCAP HOLDINGS NV, COTERRA ENERGY INC.

Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 3 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
-5.5%
Q2 2024
+3.8%
Q3 2024
+32.6%
Q4 2024
-11.7%
Q1 2025
-3.2%
Q2 2025
-7.2%
Q3 2025
+21.6%
Q4 2025
+1.6%
Q1 2026
+9.7%

Sector allocation

Other
29%
Services media
23%
Energy
14%
Financials
14%
Communications
13%
Industrials
5%
Technology
2%
Materials
2%

Long book by quarter

$211.2M
Q1 2024
$247.5M
Q2 2024
$290.2M
Q3 2024
$400.2M
Q4 2024
$383.4M
Q1 2025
$375.2M
Q2 2025
$412.4M
Q3 2025
$631.8M
Q4 2025
$844.9M
Q1 2026

What does VR Advisory own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AER AERCAP HOLDINGS NVServices media384.8K$52.8M6.2%+92.4%
CTRA COTERRA ENERGY INC1.4M$47.8M5.7%New
CORZ CORE SCIENTIFIC INCFinancials2.4M$36.1M4.3%+18.6%
PUMP PROPETRO HOLDING CORPEnergy2.5M$35.5M4.2%+184.3%
LTH LIFE TIME GROUP HOLDINGS INCServices media1.2M$31.8M3.8%+64.8%
TDS TELEPHONE AND DATA SYSTEMSCommunications730.9K$30.8M3.6%+27.6%
TDAY USA TODAY CO INCOther3.7M$26.0M3.1%New
LULU LULULEMON ATHLETICA INCOther148.7K$22.8M2.7%+26.0%
ECO OKEANIS ECO TANKERS CORPIndustrials343.7K$17.4M2.1%+33.6%
KYIV KYIVSTAR GROUP LTDCommunications1.7M$16.9M2.0%New
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials1.0M$14.4M1.7%New
CF CF INDUSTRIES HOLDINGS INCOther80.8K$10.5M1.2%New
PARR PAR PACIFIC HOLDINGS INCEnergy150.0K$9.4M1.1%New
MU MICRON TECHNOLOGY INCTechnology23.0K$7.8M0.9%New
GPRK GEOPARK LTDEnergy742.5K$7.1M0.8%-32.8%
NEM NEWMONT CORPMaterials55.2K$6.0M0.7%Held
HSDT SOLANA COFinancials581.3K$1.0M0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202640$844.9M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTFeb 18, 202637$631.8M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202637$522.4M SEC ↗
Q3 202513F-HRNov 14, 202536$412.4M canonicalSEC ↗
Q2 202513F-HRAug 14, 202533$375.2M canonicalSEC ↗
Q1 202513F-HRMay 15, 202530$383.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202531$400.2M canonicalSEC ↗
Q3 202413F-HRNov 14, 202441$290.2M canonicalSEC ↗
Q2 202413F-HRAug 14, 202441$247.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202445$211.2M canonicalSEC ↗