Data as of Q4 2025 (Dec 31, 2025)

GMT CAPITAL CORP

•CIK: 1106191•Filing: Q4 2025

**GMT CAPITAL CORP** manages $1.9B across a concentrated portfolio of 38 positions. The fund exhibits significant conviction in technology and industrials, highlighted by the top holding in HBM at $489.9M. Further allocations include substantial stakes in DAL ($309.5M) and ERO ($127.0M). This structure suggests a tactical, high-conviction approach targeting outsized returns within select market sectors.

Total AUM
$1.9B
QoQ Performance
-13.1%
Positions
37
Top 10 Concentration
80.9%
Latest Filing
Q4 2025

Top Holdings Allocation

HBM
DAL
ERO
JAZZ
UAL
GOOG
WD5A
HBM25.5%
DAL16.1%
ERO6.6%
JAZZ5.7%
UAL5.4%
GOOG5.2%
WD5A5.1%
AGI4.0%

📈 Biggest Buys

RRX
REGAL REXNORD CORPORATION
NEW
0.5% of portfolio
—
CI&T INC
NEW
0.1% of portfolio
SENS
SENSEONICS HLDGS INC
NEW
0.0% of portfolio

📉 Biggest Sells

HBM
HUDBAY MINERALS INC
-12.3%
25.5% of portfolio
ERO
ERO COPPER CORP
-31.3%
6.6% of portfolio
MOS
MOSAIC CO NEW
-58.5%
1.2% of portfolio
DAL
DELTA AIR LINES INC DEL
-9.2%
16.1% of portfolio
JAZZ
JAZZ PHARMACEUTICALS PLC
-19.5%
5.7% of portfolio

Sector Breakdown

Other90.1%
Technology9.0%
Consumer0.9%

🚪 Exited Positionssold since Q3 2025

RBLX
ROBLOX CORP
SOLD
$20.8M
QS
QUANTUMSCAPE CORP
SOLD
$14.3M
8QR
CONFLUENT INC
SOLD
$8.4M
OCGN
OCUGEN INC
SOLD
$6.8M
AMSC
AMERICAN SUPERCONDUCTOR CORP
SOLD
$6.4M
+28 more exited positions

Changes from Q3 2025

NEW3 new positions
↓22 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

HBM25.5%
HUDBAY MINERALS INC
$489.9M
DAL16.1%
DELTA AIR LINES INC DEL
$309.5M
ERO6.6%
ERO COPPER CORP
$127.0M
JAZZ5.7%
JAZZ PHARMACEUTICALS PLC
$108.5M
UAL5.4%
UNITED AIRLS HLDGS INC
$103.0M

⚖️ Compare Fund

Compare this fund's holdings with other hedge funds.

🎯 Fund Movement Signals

See AI-analyzed fund movement signals and accumulation patterns.

👤 Insider Trading

See what corporate insiders are buying and selling.