Gmt Capital Corp.

Institutional manager·CIK 0001106191
Latest Qtr return
+37.8%
SPY latest qtr
+17.6%
Alpha
+20.2ptsvs SPY
Invested
$2.2B
Holdings
77
Trades YTD
16

Performance · Fund vs SPY

Cumulative return · quarterly snapshots
+0%+105%Gmt +101.2%SPY +72.2%Q1 '25Q2 '25Q3 '25Q4 '25

Coverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.

EDITORIAL BRIEF · refreshed Jul 2, 2026

Why follow Gmt Capital Corp. right now?

GMT Capital Corp. reported $2.2B across 77 positions as of 31 March 2026. The portfolio is heavily concentrated in two sectors: mining accounts for roughly 29% via HBM (20.9%), ERO (4.4%), and AGI (4.0%), while airlines represent approximately 17.5% through DAL (13.4%) and UAL (4.1%). HBM alone — 21.9M shares of Hudbay Minerals — constitutes the single largest position by a substantial margin.

Notable additions include CI&T (+176%), Kyndryl (+52%), Itaú Unibanco (+45%), and Bath & Body Works (+28%), the latter now a 3.6% position. Alphabet appears twice (GOOG/GOOGL combined ~6.8%). Reported quarterly alpha reached +20.2% in Q1 2026 and +21.4% in Q4 2025, against SPY returns of +17.6% and +17.7% respectively. Past performance is not indicative of future results.

Generated from public SEC filings. Not investment advice.…

Read the full 128-word brief. Pro members get the complete editorial analysis on every curated manager, plus Sunday Pulse + Stock Picks.

Unlock with Pro — $9.99/mo

Top holdings · current snapshot

Source: 13F-HR
01
$HBM
HUDBAY MINERALS INC
Q4 2025: Sold 11.1% (24.64M → 21.90M shares)
20.9%
-3.7%
~$20.87 Mar 2026
02
$DAL
DELTA AIR LINES INC DEL
Q4 2025: Sold 0.8% (4.46M → 4.42M shares)
13.4%
+24.1%
~$66.48 Mar 2026
03
$JAZZ
JAZZ PHARMACEUTICALS PLC
Q4 2025: Sold 9.0% (638.5k → 581.0k shares)
5.0%
+25.1%
~$189.05 Mar 2026
04
$ERO
ERO COPPER CORP
Q4 2025: Sold 18.3% (4.47M → 3.65M shares)
4.4%
-2.4%
~$26.56 Mar 2026
05
$UAL
UNITED AIRLS HLDGS INC
Q4 2025: Increased +5.2% (920.9k → 968.7k shares)
4.1%
+31.4%
~$92.07 Mar 2026
06
$AGI
ALAMOS GOLD INC NEW
Q4 2025: Sold 2.6% (2.01M → 1.96M shares)
4.0%
-8.0%
~$44.35 Mar 2026
07
$TNL
TRAVEL PLUS LEISURE CO
Q4 2025: Sold 12.2% (1.40M → 1.22M shares)
3.9%
+12.1%
~$69.19 Mar 2026
08
$GOOG
ALPHABET INC
Q4 2025: Sold 9.0% (319.6k → 290.7k shares)
3.8%
+31.2%
~$286.86 Mar 2026
09
$BBWI
BATH & BODY WORKS INC
Q4 2025: Increased +28.1% (3.26M → 4.17M shares)
3.6%
+7.2%
~$18.67 Mar 2026
10
$GOOGL
ALPHABET INC
Held since at least Q1 2024
3.0%
+32.3%
~$287.56 Mar 2026
See all 77 holdings · Pro →

Recent trades · Last 90 days

Gmt Capital Corp.
Insider · Form 4
SOLD
$CBRLCRACKER BARREL OLD COUNTRY STORE, INC
$1.1M
FORM 4
Gmt Capital Corp.
Insider · Form 4
SOLD
$CBRLCRACKER BARREL OLD COUNTRY STORE, INC
$1.1M
FORM 4
Gmt Capital Corp.
Insider · Form 4
SOLD
$CBRLCRACKER BARREL OLD COUNTRY STORE, INC
$1.1M
FORM 4
Gmt Capital Corp.
Insider · Form 4
SOLD
$CBRLCRACKER BARREL OLD COUNTRY STORE, INC
$1.1M
FORM 4
Gmt Capital Corp.
Insider · Form 4
SOLD
$CBRLCRACKER BARREL OLD COUNTRY STORE, INC
$1.1M
FORM 4
See full trade history →

Convergence · Gmt Capital Corp.

Pattern cards reflect public SEC EDGAR and Congressional filing data only. Detection uses filing dates; trade execution dates may differ. Past convergence patterns do not predict future returns. Nothing here is investment advice.

Source data: SEC EDGAR · 13F-HR filings · Performance through 2026-03-31 · Last refreshed 13:32 UTC.