Vault-13

Eschler Asset Management LLP

London, X0 · CIK 1910874 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · limited liability partnership

As an employer

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

CityCountryPeople
London (main office)9 officesUnited Kingdom United Kingdomabout 22
LonodnUnited Kingdom United Kingdom3

In the UK

CompanyTownStaffPay gap reportFCA register
ESCHLER ASSET MANAGEMENT LLP Limited Liability PartnershipFCA: Authorised · manages investments, manages AIFs, advises, deals London Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$55.9m reported value -44.3% vs Q1 2026
33positions
66.6%in top 10
11 new 4 added 8 reduced 11 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($311.5k notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 VANGUARD STAR FDS VG TL INTL STK F VXUS VXUS 62,218 $5.3m9.52% 9.52% UnchangedShares held: Q3 2025 0, Q4 2025 62.2k, Q1 2026 62.2k, Q2 2026 62.2k
2 VANGUARD INDEX FDS S&P 500 ETF SHS VOO VOO 7,552 $5.2m9.28% 9.28% UnchangedShares held: Q3 2025 0, Q4 2025 7.6k, Q1 2026 7.6k, Q2 2026 7.6k
3 ALPHABET INC CAP STK CL C GOOG GOOG 14,540 $5.1m9.19% 9.19% ReducedShares held: Q3 2025 0, Q4 2025 14.7k, Q1 2026 29.7k, Q2 2026 14.5k -15.2k -15,158 -51.0%
4 ISHARES TR US AER DEF ETF ITA ITA 20,571 $5.0m8.92% 8.92% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 20.6k
5 KASPI KZ JSC SPONSORED ADS KSPI KSPI 37,983 $3.3m5.89% 5.89% AddedShares held: Q3 2025 7.4k, Q4 2025 14.0k, Q1 2026 31.5k, Q2 2026 38.0k +6.5k +6,510 20.7%
6 META PLATFORMS INC CL A META META 5,355 $3.0m5.40% 5.40% UnchangedShares held: Q3 2025 5.8k, Q4 2025 5.4k, Q1 2026 5.4k, Q2 2026 5.4k
7 VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH VGSH 48,682 $2.8m5.07% 5.07% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 48.7k
8 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM TSM 5,305 $2.5m4.53% 4.53% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.0k, Q2 2026 5.3k +4.3k +4,305 430.5%
9 SANDISK CORP COM SNDK SNDK 1,105 $2.5m4.50% 4.50% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.1k
10 SELECT SECTOR SPDR TR INDL XLI XLI 13,074 $2.4m4.33% 4.33% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 13.1k
11 MERCADOLIBRE INC COM MELI MELI 921 $1.6m2.80% 2.80% AddedShares held: Q3 2025 157, Q4 2025 364, Q1 2026 750, Q2 2026 921 +171 +171 22.8%
12 NU HLDGS LTD ORD SHS CL A NU NU 112,000 $1.5m2.68% 2.68% AddedShares held: Q3 2025 85.6k, Q4 2025 70.0k, Q1 2026 70.0k, Q2 2026 112.0k +42.0k +42,000 60.0%
13 HILTON WORLDWIDE HLDGS INC COM HLT HLT 4,358 $1.4m2.58% 2.58% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 4.4k
14 VANECK ETF TRUST JUNIOR GOLD MINE GDXJ GDXJ 14,245 $1.4m2.50% 2.50% ReducedShares held: Q3 2025 55.8k, Q4 2025 200.0k, Q1 2026 210.4k, Q2 2026 14.2k -196.2k -196,203 -93.2%
15 NVIDIA CORPORATION COM NVDA NVDA 5,478 $1.1m1.96% 1.96% ReducedShares held: Q3 2025 7.3k, Q4 2025 17.9k, Q1 2026 5.8k, Q2 2026 5.5k -304 -304 -5.3%
16 ROBINHOOD MKTS INC COM CL A HOOD HOOD 10,876 $1.1m1.95% 1.95% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 10.9k
17 BLOCK H & R INC COM HRB HRB 27,000 $1.0m1.84% 1.84% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 27.0k
18 DUOLINGO INC CL A COM DUOL DUOL 7,806 $897.8k1.61% 1.61% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 7.8k
19 HCA HEALTHCARE INC COM HCA HCA 2,190 $853.7k1.53% 1.53% ReducedShares held: Q3 2025 0, Q4 2025 1.9k, Q1 2026 2.3k, Q2 2026 2.2k -125 -125 -5.4%
20 COPART INC COM CPRT CPRT 30,000 $845.7k1.51% 1.51% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 30.0k
21 VALARIS LTD CL A VAL VAL 11,300 $820.4k1.47% 1.47% ReducedShares held: Q3 2025 13.0k, Q4 2025 14.3k, Q1 2026 14.3k, Q2 2026 11.3k -3.0k -3,000 -21.0%
22 BOSTON BEER INC CL A SAM SAM 4,600 $814.3k1.46% 1.46% UnchangedShares held: Q3 2025 2.5k, Q4 2025 4.6k, Q1 2026 4.6k, Q2 2026 4.6k
23 NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR NRP NRP 8,000 $776.0k1.39% 1.39% UnchangedShares held: Q3 2025 8.0k, Q4 2025 8.0k, Q1 2026 8.0k, Q2 2026 8.0k
24 SERVICENOW INC COM NOW NOW 6,900 $685.0k1.23% 1.23% UnchangedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 6.9k, Q2 2026 6.9k
25 KANZHUN LIMITED SPONSORED ADS BZ BZ 53,000 $682.1k1.22% 1.22% ReducedShares held: Q3 2025 150.0k, Q4 2025 150.0k, Q1 2026 250.0k, Q2 2026 53.0k -197.0k -197,000 -78.8%
26 BLACKROCK INC COM BLK BLK 696 $669.1k1.20% 1.20% ReducedShares held: Q3 2025 802, Q4 2025 762, Q1 2026 736, Q2 2026 696 -40 -40 -5.4%
27 AMAZON COM INC COM AMZN AMZN 2,040 $486.1k0.87% 0.87% UnchangedShares held: Q3 2025 2.2k, Q4 2025 2.2k, Q1 2026 2.0k, Q2 2026 2.0k
28 ATRENEW INC SPONSORED ADS RERE RERE 124,600 $482.2k0.86% 0.86% ReducedShares held: Q3 2025 175.7k, Q4 2025 62.3k, Q1 2026 142.3k, Q2 2026 124.6k -17.7k -17,700 -12.4%
29 VOX ROYALTY CORP COM VOXR VOXR 102,000 $481.4k0.86% 0.86% NewShares held: Q3 2025 64.2k, Q4 2025 64.2k, Q1 2026 0, Q2 2026 102.0k
30 ROBLOX CORP CL A RBLX RBLX 6,850 $372.4k0.67% 0.67% UnchangedShares held: Q3 2025 6.8k, Q4 2025 6.8k, Q1 2026 6.8k, Q2 2026 6.8k
31 NOAH HLDGS LTD SPON ADS NOAH NOAH 24,600 $245.8k0.44% 0.44% UnchangedShares held: Q3 2025 37.1k, Q4 2025 24.6k, Q1 2026 24.6k, Q2 2026 24.6k
32 MARVELL TECHNOLOGY INC COM MRVL MRVL 800 $238.3k0.43% 0.43% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 800
33 BAUSCH HEALTH COS INC COM BHC BHC 37,506 $184.9k0.33% 0.33% UnchangedShares held: Q3 2025 37.5k, Q4 2025 0, Q1 2026 37.5k, Q2 2026 37.5k

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
I-80 GOLD CORP IAUX IAUX 9,000,000 $13.7m9.0m shares
NEWMONT CORP NEM NEM 100,000 $10.8m100.0k shares
BLOOM ENERGY CORP BE BE 35,000 $4.7m35.0k shares
IMMUNOCORE HLDGS PLC IMCR IMCR 80,000 $2.4m80.0k shares
FUTU HLDGS LTD FUTU FUTU 11,000 $1.5m11.0k shares
EQT CORP EQT EQT 14,814 $942.8k14.8k shares
BUILDERS FIRSTSOURCE INC BLDR BLDR 9,660 $795.3k9.7k shares
INTREPID POTASH INC IPI IPI 18,462 $789.6k18.5k shares
TRANSOCEAN LTD RIG RIG 94,000 $623.2k94.0k shares
HESAI GROUP HSAI HSAI 17,300 $330.8k17.3k shares
KRANESHARES TRUST KWEB KWEB 11,000 $312.7k11.0k shares

Options (notional value)

UnderlyingTickerTypeShares controlled NotionalChange
ISHARES INC Put Put 350 $311.5k350 shares New