1y return+24.9%S&P 500 +20.9%
3y return+33.9%S&P 500 +68.5%
5y return+70.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2016: $95 against $334 in the S&P 500.2
VR Advisory Services LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| YPFYpf Sociedad Anonima | $146.9M | 13.0% | |
| AEROGrupo Aeromexico Sab De Cv | $96.4M | 8.6% | +3.2% |
| KSPIKaspi Kz Jsc | $91.0M | 8.1% | −2.5% |
| AZULAzul S A | $79.6M | 7.1% | New |
| Aercap Holdings NvCUSIP N00985106 | $65.1M | 5.8% | +16.1% |
| PUMPPropetro Hldg Corp | $58.8M | 5.2% | +66.2% |
| HEPSD Market Electr Svcs & Tradi | $56.4M | 5.0% | +17.7% |
| LTHLife Time Group Holdings Inc | $49.9M | 4.4% | +3.6% |
| IRSIrsa Inversiones Y Rep S A | $41.2M | 3.7% | |
| CORZCore Scientific Inc New | $39.7M | 3.5% | −35.7% |
| DVNDevon Energy Corp New | $39.4M | 3.5% | New |
| LULULululemon Athletica Inc | $35.3M | 3.1% | +108.1% |
| Golar Lng LtdCUSIP G9456A100 | $34.0M | 3.0% | New |
| TDAYUsa Today Co Inc | $31.6M | 2.8% | |
| VEONVeon Ltd | $31.4M | 2.8% | +52.7% |
| TDSTelephone & Data Sys Inc | $29.6M | 2.6% | +9.6% |
| Kyivstar Group LtdCUSIP G5331N101 | $26.9M | 2.4% | |
| Nu Hldgs LtdCUSIP G6683N103 | $26.6M | 2.4% | +99.4% |
| VISTVista Energy S.a.b. De C.v. | $23.5M | 2.1% | |
| Service Pptys TrCUSIP 81761L102 | $20.5M | 1.8% | New |
| PAMPampa Energia Sa | $19.1M | 1.7% | |
| Okeanis Eco Tankers CorCUSIP Y64177101 | $17.2M | 1.5% | |
| Geopark LtdCUSIP G38327105 | $17.2M | 1.5% | +154.7% |
| MUMicron Technology Inc | $12.4M | 1.1% | −53.3% |
| CFCf Industries Hold | $12.0M | 1.1% | +37.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PAMPampa Energia Sa | June 30, 2020 | +682.9% | $19.1M |
| YPFYpf Sociedad Anonima | September 30, 2022 | +632.2% | $146.9M |
| TGSTransportadora De Gas Del Su | June 30, 2020 | +428.1% | $5.8M |
| CRESYCresud S A C I F Y A | June 30, 2020 | +278.7% | $7.8M |
| Aercap Holdings NvCUSIP N00985106 | March 31, 2022 | +189.9% | $65.1M |
| PUMPPropetro Hldg Corp | March 31, 2025 | +95.1% | $58.8M |
| VISTVista Energy S.a.b. De C.v. | September 30, 2025 | +85.5% | $23.5M |
| IRSIrsa Inversiones Y Rep S A | December 31, 2023 | +79.5% | $41.2M |
| Kyivstar Group LtdCUSIP G5331N101 | March 31, 2026 | +59.8% | $26.9M |
| LTHLife Time Group Holdings Inc | December 31, 2025 | +53.6% | $49.9M |
Sold off last quarter
- CTRACoterra Energy Inc was $47.8M
- PARRPar Pac Holdings Inc was $9.4M
- ASBPWAspire Biopharma Hldgs Inc was $1,655
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.6% | +14.8% |
| March 31, 2026 | +1.5% | −4.6% |
| December 31, 2025 | +21.0% | +2.4% |
| September 30, 2025 | −6.4% | +7.8% |
| June 30, 2025 | −2.0% | +10.5% |
| March 31, 2025 | −11.4% | −4.6% |
| December 31, 2024 | +31.9% | +2.1% |
| September 30, 2024 | +2.5% | +5.4% |
| June 30, 2024 | −6.8% | +4.0% |
| March 31, 2024 | −2.0% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −9.6% | −3.6% |
| June 30, 2023 | +13.2% | +8.3% |
| March 31, 2023 | +3.9% | +7.0% |
| December 31, 2022 | +12.3% | +7.1% |
| September 30, 2022 | +4.7% | −5.3% |
| June 30, 2022 | −17.8% | −16.5% |
| March 31, 2022 | +14.9% | −4.9% |
| December 31, 2021 | −0.0% | +10.7% |
| September 30, 2021 | −2.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: VR Advisory Services Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1348145&type=13F-HR&dateb=&owner=include&count=40CIK 1348145
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1348145/000131586326000591/Filed August 14, 2026 · accession 0001315863-26-000591