Major Shifts in Gmt Capital Corp's Portfolio as of June 2026
This filing reveals significant reductions and new positions established by the investor during Q1 2026.
As of Gmt Capital Corp's latest filing dated June 30, 2026, substantial changes have occurred within its portfolio. The investment firm has significantly reduced its holdings in several major stocks while establishing new positions and exiting some existing ones.
Prominent Reductions: Major Holdings Sold
Gmt Capital Corp reported notable decreases across key sectors during this quarter. In the Basic Materials sector, HUDBAY MINERALS INC (HBM) saw its shares reduced by 16.54%, representing a significant sell position for the investor.
The Industrial sector experienced substantial selling activity with DELTA AIR LINES INC DEL (DAL) witnessing an 8,327,900 share reduction (-26.19%) and UNITED AIRLS HLDGS INC (UAL) shares falling by 24.97%. Additionally, the investor sold a considerable portion of its ERO COPPER CORP (ERO) stake, reducing it by 22.54%.
Focus on Consumer Cyclical and Technology Sectors
The portfolio's sector allocation shows a continued emphasis on certain areas despite overall changes. Basic Materials remains the largest sector for Gmt Capital Corp with approximately $595 million invested, followed closely by Industrials at around $411 million.
However, within these sectors and others like Consumer Cyclical ($302M) and Communication Services ($217M), specific actions were taken. The investor sold shares in several stocks prominent in the filings: CRACKER BARREL OLD CTRY STOR (CBRL), which is in Consumer Cyclical, saw a 65.73% reduction (-104,550 shares).
New Investments and Exits
Gmt Capital Corp has initiated new positions or significantly increased its stake in several companies this quarter. Notable purchases include FIDELITY NATL INFORMATION SV (FIS) where the investor added 83,500 shares representing a 5.93% increase.
Additionally, stocks like EQUINOX GOLD CORP (EQX) and ORLA MNG LTD NEW (ORLA) were acquired or increased upon, with the latter being newly added. The investor also purchased shares of GLOBANT S A (L44385109), though this position is relatively small.
Detailed Changes in Holdings
The complete list of changed holdings provides further granularity on the investor's activities. Beyond the major sales mentioned, Gmt Capital Corp also sold shares in other companies like KYNDRYL HLDGS INC (KD) and GLOBANT S A.
Conversely, the investor established positions in stocks such as EVGO INC (EVGO) and THREDUP INC (TDUP). Some holdings saw minor adjustments, like a slight increase in AMAZON COM INC (AMZN), while others experienced small percentage changes.
No Activity Disclosed for Certain Categories
The filing does not provide information on holdings within the Real Estate sector or any further details. No activity is disclosed in this filing for sectors like Healthcare, Financial Services, and Unknown categories beyond what was already reported as part of their allocations.