Eschler Asset Management LLP
Eschler Asset Management LLP, managed by Theron de Ris, reported 33 positions worth $55.90M in its 2026 Q2 13F filing: 11 new and 11 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +78.2% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +4.9% | +11.4% |
| 2025 Q3 | +58.8% | +7.6% |
| 2025 Q4 | +4.3% | +3.1% |
| 2026 Q1 | +1.8% | -5.8% |
| 2026 Q2 | +0.7% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| VXUS | VANGUARD STAR FDS | $5.32M | 9.50% | NO CHANGE |
| VOO | VANGUARD INDEX FDS | $5.19M | 9.30% | NO CHANGE |
| GOOG | ALPHABET INC | $5.14M | 9.20% | -51% |
| ITA | ISHARES TR | $4.99M | 8.90% | NEW |
| KSPI | KASPI KZ JSC | $3.29M | 5.90% | +20.7% |
| META | META PLATFORMS INC | $3.02M | 5.40% | NO CHANGE |
| VGSH | VANGUARD SCOTTSDALE FDS | $2.83M | 5.10% | NEW |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $2.53M | 4.50% | +430.5% |
| SNDK | SANDISK CORP | $2.51M | 4.50% | NEW |
| XLI | SELECT SECTOR SPDR TR | $2.42M | 4.30% | NEW |
| MELI | MERCADOLIBRE INC | $1.56M | 2.80% | +22.8% |
| NU | NU HLDGS LTD | $1.50M | 2.70% | +60% |
| HLT | HILTON WORLDWIDE HLDGS INC | $1.44M | 2.60% | NEW |
| GDXJ | VANECK ETF TRUST | $1.40M | 2.50% | -93.2% |
| NVDA | NVIDIA CORPORATION | $1.10M | 2.00% | -5.3% |
| HOOD | ROBINHOOD MKTS INC | $1.09M | 2.00% | NEW |
| HRB | BLOCK H & R INC | $1.03M | 1.80% | NEW |
| DUOL | DUOLINGO INC | $897.85K | 1.60% | NEW |
| HCA | HCA HEALTHCARE INC | $853.68K | 1.50% | -5.4% |
| CPRT | COPART INC | $845.70K | 1.50% | NEW |
| VAL | VALARIS LTD | $820.38K | 1.50% | -21% |
| SAM | BOSTON BEER INC | $814.34K | 1.50% | NO CHANGE |
| NRP | NATURAL RESOURCE PARTNERS LP | $776.00K | 1.40% | NO CHANGE |
| NOW | SERVICENOW INC | $685.03K | 1.20% | NO CHANGE |
| BZ | KANZHUN LIMITED | $682.11K | 1.20% | -78.8% |
| BLK | BLACKROCK INC | $669.11K | 1.20% | -5.4% |
| AMZN | AMAZON COM INC | $486.11K | 0.87% | NO CHANGE |
| RERE | ATRENEW INC | $482.20K | 0.86% | -12.4% |
| VOXR | VOX ROYALTY CORP | $481.39K | 0.86% | NEW |
| RBLX | ROBLOX CORP | $372.43K | 0.67% | NO CHANGE |
| NOAH | NOAH HLDGS LTD | $245.75K | 0.44% | NO CHANGE |
| MRVL | MARVELL TECHNOLOGY INC | $238.31K | 0.43% | NEW |
| BHC | BAUSCH HEALTH COS INC | $184.87K | 0.33% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.