GMT CAPITAL CORP

Hedge Fund • Long/Short

GMT CAPITAL CORP is a Long/Short Hedge Fund based in Atlanta, GA led by Thomas Eugene Claugus, reporting $5.6B in AUM as of Q3 2025 with 34% Basic Materials concentration, 70% concentrated in top 10 holdings, and 19% allocation to HBM.

PresidentThomas Eugene Claugus

Portfolio Value: $2.2B
Positions: 67
Top Holding: HBM at 19.3%
Last Reported: Q3 2025

Address2859 Paces Ferry Road Se, Suite 1710, Atlanta, GA, 30339, United States

Top Holdings

Largest long holdings in GMT CAPITAL CORP's portfolio (69.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Hudbay Minerals HBM	Copper Basic Materials	$425.8M	19.30%	-$57.5M Sold	7.10% 28.1M shares	Q4 2016 Held for 8y 11m
2 Delta Air Lines DAL	Airlines, Airports & Air Services Industrials	$278.6M	12.63%	-$34.4M Sold	0.75% 4.9M shares	Q1 2022 Held for 3y 8m
3 Ero Copper ERO	Copper Basic Materials	$131.9M	5.98%	-$19.4M Sold	6.28% 6.5M shares	Q1 2022 Held for 3y 8m
4 Cracker Barrel Old Country Store CBRL	Restaurants Consumer Cyclical	$124.9M	5.66%	—	12.73% 2.8M shares	Q1 2025 Held for 8 months
5 United Airlines Holdings UAL	Airlines, Airports & Air Services Industrials	$105.4M	4.78%	-$10.5M Sold	0.34% 1.1M shares	Q1 2023 Held for 2y 8m
6 Jazz Pharmaceuticals JAZZ	Biotechnology Healthcare	$104.5M	4.74%	+$3.2M Bought	1.31% 792.8K shares	Q3 2024 Held for 1y 2m
7 Travel + Leisure TNL	Travel Services Consumer Cyclical	$103.1M	4.67%	-$42.3M Sold	2.67% 1.7M shares	Q2 2022 Held for 3y 5m
8 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$94.0M	4.26%	-$14.1M Sold	0.00% 386.0K shares	Q1 2014 Held for 11y 8m
9 Bath & Body Works BBWI	Specialty Retail Consumer Cyclical	$89.3M	4.05%	-$15.5M Sold	1.68% 3.5M shares	Q2 2022 Held for 3y 5m
10 Alamos Gold Inc. AGI	Gold Basic Materials	$82.1M	3.72%	-$20.7M Sold	0.56% 2.4M shares	Q3 2024 Held for 1y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in GMT CAPITAL CORP's latest filing

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Market Value

$2.2B

Prior: $2.4B

Q/Q Change

-7.68%

-$183.4M

Net Flows % of MV

-23.74%

Turnover Ratio

13.86%

New Purchases

1 stocks

$18.6M

Added To

3 stocks

+$25.2M

Sold Out Of

6 stocks

$47.6M

Reduced Holdings

21 stocks

-$519.9M

Increased Positions

Position	Shares Δ	Change
1 Equinox Gold EQX	New	0 → 1.7M +$18.6M
2 Osisko Development ODV	+575.47%	814.2K → 5.5M +$15.9M
3 CMPS Compass Pathways CMPS	+59.66%	1.8M → 2.8M +$6.1M
4 Jazz Pharmaceuticals JAZZ	+3.18%	768.4K → 792.8K +$3.2M

Decreased Positions

Position	Shares Δ	Change
1 Becton, Dickinson and Company BDX	Sold	90.5K → 0 −$15.6M
2 Wesco International WCC	Sold	65.8K → 0 −$12.2M
3 Integra Resources ITRG	Sold	6.5M → 0 −$9.8M
4 Signet Jewelers SIG	Sold	101.8K → 0 −$8.1M
5 Gran Tierra Energy GTE	Sold	300.0K → 0 −$1.4M