Q2 2026 13F · SEC CIK 1106191

GMT Capital Corp

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.9B
Reported positions: 68
Top holdings a year, 3 yrs: +27.7%
Assets under management: $6.9B

GMT Capital Corp is a hedge fund that reported 68 positions worth $1.9B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Hudbay Minerals Inc (HBM, 22.5%), Delta Air Lines Inc (DAL, 15.9%), Jazz Pharmaceuticals PLC (JAZZ, 5.7%). A portfolio copying its top holdings returned 27.7% a year over the last 3 years, against 22.3% for the S&P 500.

GMT Capital Corp holdings largest 50 of 68 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

GMT Capital Corp 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
HBMHudbay Minerals Inc	22.5%	20.9%	18,281,369	-16.5%	$431.5M
DALDelta Air Lines Inc	15.9%	13.4%	3,264,600	-26.2%	$305.8M
JAZZJazz Pharmaceuticals PLC	5.7%	5.0%	453,500	-21.9%	$109.3M
UALUnited Airls Hldgs Inc	5.2%	4.1%	726,800	-25.0%	$98.8M
GOOGAlphabet Inc	4.5%	3.8%	245,800	-15.4%	$86.8M
BBWIBath & Body Works Inc (BBWI)	4.2%	3.6%	3,497,500	-16.2%	$80.9M
GOOGLAlphabet Inc	4.2%	3.0%	224,140	-3.5%	$80.1M
EROEro Copper Corp	3.9%	4.4%	2,830,054	-22.5%	$75.5M
TNLTravel Plus Leisure Co	3.4%	3.9%	859,241	-29.8%	$65.7M
AMZNAmazon Com Inc	3.4%	2.6%	271,800	+0.4%	$64.8M
FISFidelity Natl Information Sv	3.0%	3.0%	1,491,300	+5.9%	$58.0M
AGIAlamos Gold Inc	2.9%	4.0%	1,816,175	-7.1%	$55.0M
VSTVistra Corp	2.5%	1.2%	299,200	+71.1%	$47.5M
MSFTMicrosoft Corp	2.5%	1.9%	126,900	+10.8%	$47.3M
OMCOmnicom Group Inc	2.2%	2.2%	581,000	-7.7%	$42.3M
VACMarriott Vacations Worldwide	2.2%	3.0%	414,050	-59.5%	$42.2M
SSNCSs&c Tech Hldgs	1.5%	2.2%	478,020	-32.2%	$29.7M
CBRLCracker Barrel Old Country Sto	1.5%	2.0%	545,200	-65.7%	$29.1M
RYNRayonier Incorporated REIT	1.3%	2.3%	1,186,100	-50.7%	$25.2M
EQXEquinox Gold Corp	1.1%	0.7%	2,119,700	+90.8%	$20.6M
FSLYFastly Inc	0.6%	0.8%	598,800	+0.0%	$11.0M
TDUPThredup Inc	0.5%	0.1%	1,286,200	+83.3%	$8.8M
RIOTRiot Platforms Inc	0.4%	0.2%	308,600	+0.0%	$8.4M
68828E809Osisko Development Corp	0.4%	0.5%	3,215,333	+2.8%	$7.9M
CLOVClover Health Investments Co	0.4%	0.1%	1,305,200	+0.0%	$6.8M
KDKyndryl Hldgs Inc Common Stock	0.3%	1.8%	558,100	-81.0%	$6.3M
OCGNOcugen Inc	0.3%	0.3%	3,505,398	+0.0%	$5.4M
EAElectronic Arts Inc	0.2%	0.2%	23,320	+0.0%	$4.8M
ORLAOrla Mng Ltd New	0.2%	—	476,600	—	$4.7M
CIENCiena Corp	0.2%	0.2%	9,410	+0.0%	$4.6M
AMSCAmerican Superconductor Corp	0.2%	0.2%	108,066	+0.0%	$4.5M
UAUnder Armour Inc	0.2%	0.2%	617,898	+0.0%	$3.8M
PGENPrecigen Inc	0.2%	0.1%	668,830	+0.0%	$3.8M
AMCAmc Entmt Hldgs Inc	0.2%	—	1,816,151	—	$3.5M
TSMTaiwan Semiconductor Manufac	0.2%	0.1%	7,000	+0.0%	$3.3M
UAAUnder Armour Inc	0.1%	0.1%	435,780	+0.0%	$2.8M
BSXBoston Scientific Corp	0.1%	—	64,600	—	$2.8M
SMCISuper Micro Computer Inc	0.1%	—	92,700	—	$2.7M
EVGOEvgo Inc	0.1%	—	1,377,090	—	$2.6M
RUNSunrun Inc	0.1%	0.1%	167,900	+0.0%	$2.2M
UUnity Software Inc Com	0.1%	—	73,100	—	$2.1M
KODKEastman Kodak Co	0.1%	—	200,000	—	$1.9M
MRVLMarvell Technology Inc	0.1%	—	5,600	—	$1.7M
CLNEClean Energy Fuels Corp	0.1%	—	767,758	—	$1.6M
UPSTUpstart Hldgs Inc	0.1%	—	42,000	—	$1.5M
BYNDBeyond Meat Inc	0.1%	—	1,974,500	—	$1.5M
TBBKBancorp Inc	0.1%	—	23,400	—	$1.5M
OBEObsidian Energy Ltd	0.1%	—	180,008	—	$1.5M
ROOTRoot Inc	0.1%	—	20,900	—	$1.2M
MARAMara Holdings Inc	0.1%	—	83,800	—	$1.2M

What GMT Capital Corp bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

EQX Equinox Gold Corp+90.8% shares
TDUP Thredup Inc+83.3% shares
VST Vistra Corp+71.1% shares
MSFT Microsoft Corp+10.8% shares
FIS Fidelity Natl Information Sv+5.9% shares

Reduced

KD Kyndryl Hldgs Inc Common Stock-81.0% shares
CBRL Cracker Barrel Old Country Sto-65.7% shares
VAC Marriott Vacations Worldwide-59.5% shares
RYN Rayonier Incorporated REIT-50.7% shares
SSNC Ss&c Tech Hldgs-32.2% shares
TNL Travel Plus Leisure Co-29.8% shares
DAL Delta Air Lines Inc-26.2% shares
UAL United Airls Hldgs Inc-25.0% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +22.1% /yr; S&P 500 +11.7%
3 years: +27.7% /yr; S&P 500 +22.3%
5 years: +6.8% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F 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

Questions about GMT Capital Corp's portfolio

What stocks does GMT Capital Corp own?

GMT Capital Corp's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 68 positions worth $1.9B. The largest are Hudbay Minerals Inc (HBM) at 22.5%, Delta Air Lines Inc (DAL) at 15.9%, Jazz Pharmaceuticals PLC (JAZZ) at 5.7%, United Airls Hldgs Inc (UAL) at 5.2% and Alphabet Inc (GOOG) at 4.5%.

What did GMT Capital Corp buy last quarter?

In Q2 2026, GMT Capital Corp added Equinox Gold Corp (EQX) (+90.8% shares), Thredup Inc (TDUP) (+83.3% shares) and Vistra Corp (VST) (+71.1% shares), compared with its Q1 2026 filing.

What did GMT Capital Corp sell last quarter?

In Q2 2026, GMT Capital Corp cut from its top 50 Globant S A (GLOB), cut from its top 50 Mgm Resorts International (MGM), cut from its top 50 Compass Pathways PLC (CMPS), cut from its top 50 Teleflex Incorporated (TFX), cut from its top 50 Itau Unibanco Hldg S A (ITUB), Kyndryl Hldgs Inc Common Stock (KD) (-81.0% shares), Cracker Barrel Old Country Sto (CBRL) (-65.7% shares) and Marriott Vacations Worldwide (VAC) (-59.5% shares), compared with its Q1 2026 filing.

How has GMT Capital Corp's portfolio performed?

A portfolio copying GMT Capital Corp's 20 largest 13F holdings each quarter, from the day each filing was public, returned +27.7% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +22.1% against +11.7%. Over 5 years: +6.8% a year against +10.6%.

When is GMT Capital Corp's next 13F filing due?

13F filings are due 45 days after each quarter ends. GMT Capital Corp's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does GMT Capital Corp manage?

GMT Capital Corp reported $6.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.9B.