# GMT Capital Corp

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1106191. Source: https://holderbook.com/funds/1106191-gmt-capital-corp/

- Reported value: $1.9B
- Positions: 68
- Weight of the ten largest: 72.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| HUDBAY MINERALS INC | [HBM](https://holderbook.com/stocks/HBM/) | $431.5M | 18,281,369 | 22.5% | 5 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $305.8M | 3,264,600 | 15.9% | 18 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $109.3M | 453,500 | 5.7% | 8 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $98.8M | 726,800 | 5.2% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $86.8M | 245,800 | 4.5% | 32 |
| BATH & BODY WORKS INC | [BBWI](https://holderbook.com/stocks/BBWI/) | $80.9M | 3,497,500 | 4.2% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $80.1M | 224,140 | 4.2% | 32 |
| ERO COPPER CORP | [ERO](https://holderbook.com/stocks/ERO/) | $75.5M | 2,830,054 | 3.9% | 18 |
| TRAVEL PLUS LEISURE CO | [TNL](https://holderbook.com/stocks/TNL/) | $65.7M | 859,241 | 3.4% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $64.8M | 271,800 | 3.4% | 2 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $58.0M | 1,491,300 | 3.0% | 2 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $55.0M | 1,816,175 | 2.9% | 8 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $47.5M | 299,200 | 2.5% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $47.3M | 126,900 | 2.5% | 2 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $42.3M | 581,000 | 2.2% | 2 |
| MARRIOTT VACATIONS WORLDWIDE | [VAC](https://holderbook.com/stocks/VAC/) | $42.2M | 414,050 | 2.2% | 2 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $29.7M | 478,020 | 1.5% | 25 |
| CRACKER BARREL OLD CTRY STOR | [CBRL](https://holderbook.com/stocks/CBRL/) | $29.1M | 545,200 | 1.5% | 6 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $25.2M | 1,186,100 | 1.3% | 2 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $20.6M | 2,119,700 | 1.1% | 4 |
| FASTLY INC | [FSLY](https://holderbook.com/stocks/FSLY/) | $11.0M | 598,800 | 0.6% | 2 |
| THREDUP INC | [TDUP](https://holderbook.com/stocks/TDUP/) | $8.8M | 1,286,200 | 0.5% | 2 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $8.4M | 308,600 | 0.4% | 6 |
| OSISKO DEVELOPMENT CORP | [ODV](https://holderbook.com/stocks/ODV/) | $7.9M | 3,215,333 | 0.4% | 6 |
| CLOVER HEALTH INVESTMENTS CO | [CLOV](https://holderbook.com/stocks/CLOV/) | $6.8M | 1,305,200 | 0.4% | 2 |
| KYNDRYL HLDGS INC | [KD](https://holderbook.com/stocks/KD/) | $6.3M | 558,100 | 0.3% | 12 |
| OCUGEN INC | [OCGN](https://holderbook.com/stocks/OCGN/) | $5.4M | 3,505,398 | 0.3% | 2 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $4.8M | 23,320 | 0.2% | 32 |
| ORLA MNG LTD NEW | [ORLA](https://holderbook.com/stocks/ORLA/) | $4.7M | 476,600 | 0.2% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $4.6M | 9,410 | 0.2% | 2 |
| AMERICAN SUPERCONDUCTOR CORP | [AMSC](https://holderbook.com/stocks/AMSC/) | $4.5M | 108,066 | 0.2% | 2 |
| UNDER ARMOUR INC | [UA](https://holderbook.com/stocks/UA/) | $3.8M | 617,898 | 0.2% | 2 |
| PRECIGEN INC | [PGEN](https://holderbook.com/stocks/PGEN/) | $3.8M | 668,830 | 0.2% | 2 |
| AMC ENTMT HLDGS INC | [AMC](https://holderbook.com/stocks/AMC/) | $3.5M | 1,816,151 | 0.2% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $3.3M | 7,000 | 0.2% | 14 |
| UNDER ARMOUR INC | [UAA](https://holderbook.com/stocks/UAA/) | $2.8M | 435,780 | 0.1% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $2.8M | 64,600 | 0.1% | 1 |
| SUPER MICRO COMPUTER INC | [SMCI](https://holderbook.com/stocks/SMCI/) | $2.7M | 92,700 | 0.1% | 2 |
| EVGO INC | [EVGO](https://holderbook.com/stocks/EVGO/) | $2.6M | 1,377,090 | 0.1% | 1 |
| SUNRUN INC | [RUN](https://holderbook.com/stocks/RUN/) | $2.2M | 167,900 | 0.1% | 2 |
| UNITY SOFTWARE INC | [U](https://holderbook.com/stocks/U/) | $2.1M | 73,100 | 0.1% | 2 |
| EASTMAN KODAK CO | [KODK](https://holderbook.com/stocks/KODK/) | $1.9M | 200,000 | 0.1% | 9 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.7M | 5,600 | 0.1% | 21 |
| CLEAN ENERGY FUELS CORP | [CLNE](https://holderbook.com/stocks/CLNE/) | $1.6M | 767,758 | 0.1% | 2 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $1.5M | 42,000 | 0.1% | 2 |
| BEYOND MEAT INC | [BYND](https://holderbook.com/stocks/BYND/) | $1.5M | 1,974,500 | 0.1% | 2 |
| BANCORP INC DEL | [TBBK](https://holderbook.com/stocks/TBBK/) | $1.5M | 23,400 | 0.1% | 1 |
| OBSIDIAN ENERGY LTD | [OBE](https://holderbook.com/stocks/OBE/) | $1.5M | 180,008 | 0.1% | 2 |
| ROOT INC | [ROOT](https://holderbook.com/stocks/ROOT/) | $1.2M | 20,900 | 0.1% | 1 |
| MARA HOLDINGS INC | [MARA](https://holderbook.com/stocks/MARA/) | $1.2M | 83,800 | 0.1% | 5 |
| CI&T INC | [CINT](https://holderbook.com/stocks/CINT/) | $962.3K | 288,110 | 0.1% | 3 |
| GLOBANT S A | [GLOB](https://holderbook.com/stocks/GLOB/) | $891.4K | 30,800 | 0.0% | 2 |
| XPENG INC | [XPEV](https://holderbook.com/stocks/XPEV/) | $687.2K | 51,900 | 0.0% | 1 |
| CHARGEPOINT HOLDINGS INC | [CHPT](https://holderbook.com/stocks/CHPT/) | $598.6K | 101,290 | 0.0% | 2 |
| FILANA THERAPEUTICS INC | [FLNA](https://holderbook.com/stocks/FLNA/) | $535.6K | 450,100 | 0.0% | 2 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $480.9K | 3,960 | 0.0% | 2 |
| OUTSET MED INC | [OM](https://holderbook.com/stocks/OM/) | $423.8K | 98,108 | 0.0% | 2 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $396.3K | 7,948 | 0.0% | 2 |
| PELOTON INTERACTIVE INC | [PTON](https://holderbook.com/stocks/PTON/) | $364.1K | 61,600 | 0.0% | 1 |
| GAOTU TECHEDU INC | [GOTU](https://holderbook.com/stocks/GOTU/) | $295.3K | 177,900 | 0.0% | 10 |
| STEREOTAXIS INC | [STXS](https://holderbook.com/stocks/STXS/) | $217.7K | 126,581 | 0.0% | 2 |
| TIDEWATER INC NEW | [TDW](https://holderbook.com/stocks/TDW/) | $209.2K | 3,140 | 0.0% | 2 |
| SENSEONICS HLDGS INC | [SENS](https://holderbook.com/stocks/SENS/) | $207.1K | 36,468 | 0.0% | 3 |
| INOVIO PHARMACEUTICALS INC | [INO](https://holderbook.com/stocks/INO/) | $138.7K | 126,119 | 0.0% | 2 |
| CANOPY GROWTH CORPORATION | [CGC](https://holderbook.com/stocks/CGC/) | $131.5K | 138,459 | 0.0% | 2 |
| NANO X IMAGING LTD | [NNOX](https://holderbook.com/stocks/NNOX/) | $110.0K | 94,850 | 0.0% | 2 |
| AWARE INC MASS | [AWRE](https://holderbook.com/stocks/AWRE/) | $33.2K | 24,600 | 0.0% | 2 |
| CANAAN INC | [CAN](https://holderbook.com/stocks/CAN/) | $28.3K | 98,400 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +17.5% | +14.8% | +2.7% | 100% |
| Q1 2026 | -2.3% | -4.6% | +2.3% | 100% |
| Q4 2025 | +11.2% | +2.4% | +8.8% | 100% |
| Q3 2025 | +16.4% | +7.8% | +8.6% | 100% |
| Q2 2025 | +13.3% | +10.5% | +2.8% | 97% |
| Q1 2025 | -4.6% | -4.6% | -0.0% | 100% |
| Q4 2024 | -0.9% | +2.1% | -3.1% | 100% |
| Q3 2024 | +4.3% | +5.4% | -1.2% | 92% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.9B | 68 |
| Q1 2026 | $2.2B | 77 |
| Q4 2025 | $1.9B | 38 |
| Q3 2025 | $2.2B | 68 |
| Q2 2025 | $2.4B | 71 |
| Q1 2025 | $1.9B | 69 |
| Q4 2024 | $2.1B | 56 |
| Q3 2024 | $2.5B | 72 |
| Q2 2024 | $2.7B | 68 |
| Q1 2024 | $2.5B | 53 |
| Q4 2023 | $2.7B | 50 |
| Q3 2023 | $2.7B | 108 |