Eschler Asset Management LL.P. 13F annual report

Eschler Asset Management LL.P. is an investment fund managing more than $127 billion ran by Theron Ris. There are currently 48 companies in Mr. Ris’s portfolio. The largest investments include Agnico Eagle Mines Ltd and VanEck ETF Trust, together worth $47.4 billion.

Limited to 30 biggest holdings

$127 billion Assets Under Management (AUM)

As of 7th August 2024, Eschler Asset Management LL.P.’s top holding is 400,000 shares of Agnico Eagle Mines Ltd currently worth over $25.3 billion and making up 19.9% of the portfolio value. Relative to the number of outstanding shares of Agnico Eagle Mines Ltd, Eschler Asset Management LL.P. owns more than approximately 0.1% of the company. In addition, the fund holds 624,158 shares of VanEck ETF Trust worth $22.1 billion, whose value grew 6.9% in the past six months. The third-largest holding is Freeport-McMoRan Inc worth $9.4 billion and the next is Microstrategy worth $8.2 billion, with 6,000 shares owned.

Currently, Eschler Asset Management LL.P.'s portfolio is worth at least $127 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Eschler Asset Management LL.P.

The Eschler Asset Management LL.P. office and employees reside in Cambridge, United Kingdom. According to the last 13-F report filed with the SEC, Theron Ris serves as the Member at Eschler Asset Management LL.P..

Recent trades

In the most recent 13F filing, Eschler Asset Management LL.P. revealed that it had opened a new position in I-80 Gold Corp and bought 5,500,000 shares worth $6.46 billion.

The investment fund also strengthened its position in Agnico Eagle Mines Ltd by buying 132,499 additional shares. This makes their stake in Agnico Eagle Mines Ltd total 400,000 shares worth $25.3 billion. Agnico Eagle Mines Ltd soared 61.1% in the past year.

On the other hand, there are companies that Eschler Asset Management LL.P. is getting rid of from its portfolio. Eschler Asset Management LL.P. closed its position in Taiwan Semiconductor Mfg Ltd on 14th August 2024. It sold the previously owned 106,200 shares for $9.88 billion. Theron Ris also disclosed a decreased stake in VanEck ETF Trust by approximately 0.1%. This leaves the value of the investment at $22.1 billion and 624,158 shares.

One of the smallest hedge funds

The two most similar investment funds to Eschler Asset Management LL.P. are Greenwich Investment Management and Marketfield Asset Management. They manage $127 billion and $127 billion respectively.

Theron Ris investment strategy

Eschler Asset Management LL.P.’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Materials — making up 37.1% of the total portfolio value. The fund focuses on investments in the United States as 41.7% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 46% of the total holdings value. On the other hand, small-cap stocks make up only 2.1% of the portfolio. The average market cap of the portfolio companies is close to $174 billion.

The complete list of Eschler Asset Management LL.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Agnico Eagle Mines Ltd	49.53% 400,000	$25,297,500,000	19.89%
VanEck ETF Trust	7.95% 624,158	$22,122,735,000	17.39%
Taiwan Semiconductor Mfg Ltd	Closed 106,200	$9,878,724,000
Alibaba Group Hldg Ltd	Closed 92,600	$9,461,868,000
Freeport-McMoRan Inc	33.33% 200,000	$9,404,000,000	7.39%
Microstrategy Inc.	33.60% 6,000	$8,195,820,000	6.44%
I-80 Gold Corp	Opened 5,500,000	$6,460,000,000	5.08%
Alamos Gold Inc.	346.45% 408,500	$6,397,090,000	5.03%
Yum China Holdings Inc	Closed 94,900	$6,015,711,000
Noah Hldgs Ltd	93.15% 386,300	$4,350,795,000	3.42%
PDD Holdings Inc	72.82% 32,600	$4,335,114,000	3.41%
Fidelity Wise Origin Bitcoin	Opened 65,000	$3,593,200,000	2.82%
Newmont Corp	Opened 100,000	$3,584,000,000	2.82%
Dada Nexus Ltd	Closed 360,000	$3,049,200,000
Immunocore Hldgs Plc	33.33% 40,000	$2,600,000,000	2.04%
Alphabet Inc	No change 16,140	$2,341,142,000	1.84%
Autozone Inc.	Opened 733	$2,172,685,000	1.71%
Meta Platforms Inc	15.24% 5,355	$2,135,291,000	1.68%
Berkshire Hathaway Inc.	Opened 1,695	$2,525,029,000	1.99%
Par Technology Corp.	Closed 46,089	$1,565,182,000
Blackrock Inc.	53.48% 2,138	$1,454,109,000	1.14%
HDFC Bank Ltd.	Opened 22,200	$1,428,126,000	1.12%
NetEase Inc	Opened 14,000	$1,350,440,000	1.06%
Daqo New Energy Corp	Closed 28,827	$1,350,257,000
Upstart Holdings, Inc.	Opened 50,000	$1,344,500,000	1.06%
Farfetch Ltd	Closed 271,759	$1,334,337,000
Tesla Inc	Opened 6,617	$1,328,540,000	1.04%
Franklin Covey Co.	Closed 30,765	$1,183,530,000
Microsoft Corporation	Opened 2,407	$1,037,222,000	0.82%
Ishares Tr	63.75% 10,135	$930,190,000	0.73%
SilverCrest Metals Inc	No change 111,078	$899,732,000	0.71%
Trupanion Inc	Closed 19,986	$857,200,000
Vanguard Intl Equity Index F	Closed 8,610	$792,895,000
Global E Online Ltd	Closed 24,436	$787,572,000
Schwab Charles Corp	Opened 10,345	$762,323,000	0.60%
Lear Corp.	Opened 6,500	$742,885,000	0.58%
S&P Global Inc	Opened 1,645	$733,791,000	0.58%
APi Group Corporation	Closed 32,371	$727,700,000
Interactive Brokers Group In	Opened 5,800	$711,138,000	0.56%
Advance Auto Parts Inc	Opened 11,640	$695,024,000	0.55%
MAG Silver Corp.	Opened 60,000	$694,800,000	0.55%
Seabridge Gold, Inc.	Opened 50,000	$666,500,000	0.52%
Advanced Micro Devices Inc.	Closed 6,529	$639,907,000
Expeditors Intl Wash Inc	Closed 5,800	$638,696,000
Proshares Tr Ii	Opened 56,478	$607,080,000	0.48%
Valaris Ltd	Opened 7,750	$556,915,000	0.44%
Select Sector Spdr Tr	Closed 3,720	$556,289,000
Hasbro, Inc.	Closed 10,357	$556,067,000
Star Bulk Carriers Corp	Closed 26,058	$550,345,000
Rentokil Initial Plc	Opened 18,500	$548,525,000	0.43%
Vinci Partners Invts Ltd	Opened 50,000	$545,000,000	0.43%
Osisko Gold Royalties Ltd	Closed 32,980	$521,744,000
Warner Bros.Discovery Inc	Closed 33,855	$511,211,000
Gallagher Arthur J & Co	Opened 1,969	$510,540,000	0.40%
Wiley John & Sons Inc	Closed 13,141	$509,477,000
Liberty Broadband Corp	Opened 9,000	$493,380,000	0.39%
Lam Research Corp.	Closed 927	$491,421,000
Wix.com Ltd	Closed 4,914	$490,417,000
PayPal Holdings Inc	142.17% 9,033	$478,908,000	0.38%
Applied Matls Inc	Closed 3,836	$471,176,000
Lantheus Holdings Inc	Closed 5,621	$464,070,000
Brookfield Asset Managmt Ltd	Closed 13,364	$437,270,000
Icici Bank Limited	Opened 15,100	$435,031,000	0.34%
Monolithic Pwr Sys Inc	Closed 864	$432,467,000
AT&T Inc.	Closed 22,000	$423,500,000
Ishares Inc	Closed 12,007	$423,127,000
XPEL Inc	Closed 6,100	$414,495,000
KKR & Co. Inc	No change 4,815	$400,733,000	0.32%
Arista Networks Inc	Closed 2,257	$378,860,000
Costco Whsl Corp New	Closed 727	$361,224,000
EverQuote Inc	Closed 25,628	$356,229,000
Vipshop Hldgs Ltd	50.00% 27,409	$323,616,000	0.25%
Pinterest Inc	No change 9,230	$321,679,000	0.25%
Cnh Indl N V	Opened 31,712	$321,243,000	0.25%
Invesco Exch Traded Fd Tr Ii	Closed 9,977	$562,230,000
Amazon.com Inc.	84.21% 2,040	$311,765,000	0.25%
Bausch Health Cos Inc	Closed 37,506	$303,799,000
Zim Integrated Shipping Serv	Closed 12,266	$289,232,000
Sea Ltd	89.15% 4,000	$285,680,000	0.22%
Embraer S.A.	Closed 17,291	$283,054,000
Comstock Res Inc	Closed 21,692	$234,057,000
Travelzoo	Closed 37,543	$226,760,000
Vox Royalty Corp	Opened 85,000	$226,100,000	0.18%
Franklin Resources, Inc.	Closed 8,098	$218,160,000
Marketwise Inc	Closed 110,851	$205,074,000
Advisorshares Tr	Closed 36,000	$204,840,000
Dream Finders Homes, Inc.	Closed 15,385	$203,851,000
Roblox Corporation	0.29% 6,850	$201,571,000	0.16%
Barrick Gold Corp.	Opened 12,000	$200,160,000	0.16%
Full Truck Alliance Co. Ltd.	Opened 17,800	$139,730,000	0.11%
No transactions found
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