Equinox Partners Investment Management Llc Q2 2026 Portfolio Activity: Significant Energy Buys, Exit from Metals Corp

For the second quarter of 2026 (ending June 30, 2026), Equinox Partners Investment Management Llc made several notable adjustments to its portfolio. The investment manager maintained most of its existing holdings but saw significant changes in a few key positions, primarily concentrated within the Energy and Basic Materials sectors.

Prominent Purchases This Quarter

The investor demonstrated strong conviction in certain energy companies during Q2 2026. A particularly noteworthy increase was observed in its position in YPF Sociedad Anonima (YPF), which grew by a substantial 52.93%. This significant stake growth suggests renewed confidence or interest from the investment manager in this major Latin American energy player.

Additionally, Equinox Partners Investment Management Llc established a new position during Q2 with B2Gold Corp (BTG). The allocation for B2Gold increased from zero to 10.62% of the total portfolio value in this quarter, indicating a strategic entry into the gold mining sector.

Major Sale and Portfolio Shift

The most significant change during Q2 involved the divestment of New Pacific Metals Corp (NEWP). The investor sold shares in this position, reducing its portfolio allocation from 10.62% to just 0.89%, a staggering decrease of -92.98%. This exit represents a major shift away from the metals sector.

Furthermore, there were notable changes reported for other holdings. The investor sold shares in SPROTT Asset Management LP (PSLV), although this stock is listed as a fund rather than an equity company. Similarly, adjustments were noted for Vista Energy and Galiano Gold within the Basic Materials space.

Overall Portfolio Changes

The overall portfolio value stood at $207,655,911 (approximately 207.7 million USD) as of June 30, 2026. The changes in specific holdings resulted in shifts across the investor's sector allocations.

• Energy allocation increased from 68.67% to an estimated range between 69.54% and 71.29%, depending on valuation fluctuations during the quarter.
• Basic Materials allocation saw a significant boost, rising from approximately 23.05% (pre-change) to around 28.08% of the total portfolio value after incorporating the sale of NewP and potential gains elsewhere in this sector.

This quarter's activity highlights Equinox Partners Investment Management Llc's focus on specific opportunities within Energy while strategically exiting a position in Basic Materials, likely due to performance or strategic direction reasons. The changes reflect their active management approach for the period ending June 30, 2026.