VR Advisory Services Ltd — 13F Holdings & Portfolio
CIK 1348145 · latest 13F-HR filed 2026-08-14
VR Advisory Services Ltd manages $1.13B in 13F-reported U.S. long-equity assets across 43 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are YPF (13.03%), AERO (8.55%), KSPI (8.07%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 3; 17 existing positions rose in reported value and 15 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$1.13B
Long-equity book
Holdings
43
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+6 / −3 / ↑17 / ↓15
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26YPF13.0% · 0%AERO8.6% · +3%KSPI8.1% · -2%AZUL7.1% · newAER5.8% · +16%PUMP5.2% · +66%HEPS5.0% · +18%LTH4.4% · +4%IRS3.7% · 0%CORZ3.5% · -36%DVN3.5% · newLULU3.1% · +108%GLNG3.0% · newTDAY2.8% · +0%VEON2.8% · +53%TDS2.6% · +10%KYIV2.4% · 0%NU2.4% · +99%VIST2.1% · 0%SVC1.8% · newPAM1.7% · 0%ECO1.5% · 0%GPRK1.5% · +155%MU1.1% · -53%CF1.1% · +37%CRESY0.7% · 0%TGS0.5% · 0%NEM0.5% · 0%HAFN0.5% · newHSDT0.1% · 0%SOLZ0.0% · 0%USDEW0.0% · newSOUNW0.0% · 0%AENTW0.0% · 0%NIOBW0.0% · 0%FLDDW0.0% · 0%BKKT.WS0.0% · 0%BKSY0.0% · newSPWRW0.0% · 0%PGYWW0.0% · 0%PSQH.WS0.0% · 0%SLND.WS0.0% · 0%KIDZW0.0% · 0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 64.3%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 31, 2026.
Assets Under Management
$9.77B
Discretionary
$9.77B
Employees
42
Accounts
7
Address
601 LEXINGTON AVENUE
SUITE 5930
NEW YORK, NY 10022
SUITE 5930
NEW YORK, NY 10022
Phone
+1 646 571 1870
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DEITZ, RICHARD, ANDREW Control | FUND MANAGER since Mar 1999 | Less than 5% | Individual |
| DU TOIT, EMILE Control | CHIEF FINANCIAL OFFICER, DIRECTOR since Jun 2007 | Less than 5% | Individual |
| JOHNSON, JEFFREY, MICHAEL Control | MANAGING PARTNER, DIRECTOR since May 2009 | Less than 5% | Individual |
| PENNER, STEPHEN, NEIL Control | GENERAL COUNSEL since Jul 2019 | Less than 5% | Individual |
| RAJU, ASHOK, VADREVU Control | CHIEF OPERATING OFFICER since Jan 2019 | Less than 5% | Individual |
| VR CAPITAL PARTICIPATION LTD. Control | SHAREHOLDER since Jan 2012 | 75% or more | Foreign Entity |
| OLSSON, FREDRIK, CARL | CHIEF COMPLIANCE OFFICER since Mar 2022 | Less than 5% | Individual |
| DEITZ, RICHARD, ANDREW Control Indirect owner via VR CAPITAL PARTICIPATION LTD. | MEMBER since Apr 2012 | 25–50% | Individual |
| DEITZ, RICHARD, ANDREW Control Indirect owner via VR CAPITAL HOLDINGS LTD. | FUND MANAGER since Mar 1999 | General partner, trustee or manager | Individual |
| VR CAPITAL GROUP LTD. Control Indirect owner via VR CAPITAL PARTICIPATION LTD. | MEMBER since Apr 2012 | 50–75% | Foreign Entity |
| VR CAPITAL HOLDINGS LTD. Control Indirect owner via VR CAPITAL GROUP LTD. | MEMBER since Aug 2014 | 75% or more | Foreign Entity |
Ownership & leadership changes · 9 filings with changes since Mar 30, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 31, 2022 filing
- AddedOLSSON, FREDRIK, CARL · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedPENNER, STEPHEN, NEIL · title GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL
May 8, 2020 filing
- AddedDEITZ, RICHARD, ANDREW · FUND MANAGER · General partner, trustee or manager · indirect via VR CAPITAL HOLDINGS LTD. · control person
- AddedVR CAPITAL GROUP LTD. · MEMBER · 50–75% · indirect via VR CAPITAL PARTICIPATION LTD. · control person
- AddedVR CAPITAL HOLDINGS LTD. · MEMBER · 75% or more · indirect via VR CAPITAL GROUP LTD. · control person
- ChangedDEITZ, RICHARD, ANDREW · indirect via VR CAPITAL PARTICIPATION LTD.: title SHAREHOLDER (VOTING SHARES) → MEMBER
Feb 27, 2020 filing
- No longer listedTOUSSI, SINA · GENERAL COUNSEL · Less than 5% · control person · listed since Sep 2012
- ChangedPENNER, STEPHEN, NEIL · title CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER; now a control person
Mar 31, 2019 filing
- AddedRAJU, ASHOK, VADREVU · CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedJOHNSON, JEFFREY, MICHAEL · title CHIEF OPERATING OFFICER, DIRECTOR → MANAGING PARTNER, DIRECTOR
Mar 30, 2018 filing
- No longer listedRICHARD ANDREW DEITZ · SHAREHOLDER (VOTING SHARES) · 25–50% · indirect via VR CAPITAL PARTICIPATION LTD. · control person · listed since Jan 2012
- No longer listedSENBANJO, OLAITAN · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Feb 2015
- AddedDEITZ, RICHARD, ANDREW · SHAREHOLDER (VOTING SHARES) · 25–50% · indirect via VR CAPITAL PARTICIPATION LTD. · control person
- AddedPENNER, STEPHEN, NEIL · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 30, 2016 filing
- No longer listedRICHARD DEITZ · SHAREHOLDER (VOTING SHARES) · 25–50% · indirect via VR CAPITAL PARTICIPATION LTD. · control person · listed since Jan 2012
- AddedRICHARD ANDREW DEITZ · SHAREHOLDER (VOTING SHARES) · 25–50% · indirect via VR CAPITAL PARTICIPATION LTD. · control person
Mar 31, 2015 filing
- AddedSENBANJO, OLAITAN · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedTOUSSI, SINA · title CHIEF LEGAL OFFICER, CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL
Mar 31, 2014 filing
- ChangedDEITZ, RICHARD, ANDREW · title FUND MANAGER, DIRECTOR → FUND MANAGER
- ChangedDU TOIT, EMILE · title FINANCE MANAGER, DIRECTOR → CHIEF FINANCIAL OFFICER, DIRECTOR
- ChangedJOHNSON, JEFFREY, MICHAEL · title CHIEF FINANCIAL OFFICER, DIRECTOR → CHIEF OPERATING OFFICER, DIRECTOR
Apr 1, 2013 filing
- No longer listedCLATEMAN, PETER, LAURENCE · CHIEF LEGAL OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2009
- AddedTOUSSI, SINA · CHIEF LEGAL OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedRICHARD DEITZ · indirect via VR CAPITAL PARTICIPATION LTD.: title SHAREHOLDER → SHAREHOLDER (VOTING SHARES)
Mar 30, 2012 filing (earliest on record)
- ListedCLATEMAN, PETER, LAURENCE · CHIEF LEGAL OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedDEITZ, RICHARD, ANDREW · FUND MANAGER, DIRECTOR · Less than 5% · control person
- ListedDU TOIT, EMILE · FINANCE MANAGER, DIRECTOR · Less than 5% · control person
- ListedJOHNSON, JEFFREY, MICHAEL · CHIEF FINANCIAL OFFICER, DIRECTOR · Less than 5% · control person
- ListedRICHARD DEITZ · SHAREHOLDER · 25–50% · indirect via VR CAPITAL PARTICIPATION LTD. · control person
- ListedVR CAPITAL PARTICIPATION LTD. · SHAREHOLDER · 75% or more · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- GRUPO AEROMEXICO SAB DE CV$23.7M +32.6%
- PROPETRO HLDG CORP$23.2M +65.4%
- LIFE TIME GROUP HOLDINGS INC$18.1M +57.0%
- D MARKET ELECTR SVCS & TRADI$13.3M +30.7%
- VEON LTD$13.2M +72.2%
Top Trims
- VISTA ENERGY S.A.B. DE C.V.-$4.3M -15.5%
- PAMPA ENERGIA SA-$1.5M -7.2%
- CRESUD S A C I F Y A-$1.0M -11.9%
- TRANSPORTADORA DE GAS DEL SU-$952.2K -14.1%
- NEWMONT CORP-$819.5K -13.7%
New Positions
- AZUL S A$79.6M
- DEVON ENERGY CORP NEW$39.4M
- GOLAR LNG LTD$34.0M
- SERVICE PPTYS TR$20.5M
- HAFNIA LTD$5.1M
Exited Positions
- COTERRA ENERGY INC$47.8M
- PAR PAC HOLDINGS INC$9.4M
- ASPIRE BIOPHARMA HLDGS INC$1.7K
VR Advisory Services Ltd Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | YPF SOCIEDAD ANONIMA | YPF | 984245100 | $146.9M | 13.03% | 3,231,396 | SH |
| 2 | GRUPO AEROMEXICO SAB DE CV | AERO | 40054J109 | $96.4M | 8.55% | 5,355,255 | SH |
| 3 | KASPI KZ JSC | KSPI | 48581R205 | $91.0M | 8.07% | 1,049,999 | SH |
| 4 | AZUL S A | AZUL | 05501U601 | $79.6M | 7.06% | 8,854,652 | SH |
| 5 | AERCAP HOLDINGS NV | AER | N00985106 | $65.1M | 5.78% | 446,793 | SH |
| 6 | PROPETRO HLDG CORP | PUMP | 74347M108 | $58.8M | 5.21% | 4,097,401 | SH |
| 7 | D MARKET ELECTR SVCS & TRADI | HEPS | 23292B104 | $56.4M | 5.01% | 19,390,670 | SH |
| 8 | LIFE TIME GROUP HOLDINGS INC | LTH | 53190C102 | $49.9M | 4.43% | 1,221,597 | SH |
| 9 | IRSA INVERSIONES Y REP S A | IRS | 450047303 | $41.2M | 3.66% | 2,670,087 | SH |
| 10 | CORE SCIENTIFIC INC NEW | CORZ | 21874A106 | $39.7M | 3.52% | 1,552,206 | SH |
| 11 | DEVON ENERGY CORP NEW | DVN | 25179M103 | $39.4M | 3.49% | 952,565 | SH |
| 12 | LULULEMON ATHLETICA INC | LULU | 550021109 | $35.3M | 3.13% | 309,402 | SH |
| 13 | GOLAR LNG LTD | GLNG | G9456A100 | $34.0M | 3.02% | 682,493 | SH |
| 14 | USA TODAY CO INC | TDAY | 36472T109 | $31.6M | 2.80% | 3,698,460 | SH |
| 15 | VEON LTD | VEON | 91822M502 | $31.4M | 2.78% | 601,205 | SH |
| 16 | TELEPHONE & DATA SYS INC | TDS | 879433829 | $29.6M | 2.63% | 800,904 | SH |
| 17 | KYIVSTAR GROUP LTD | KYIV | G5331N101 | $26.9M | 2.39% | 1,666,276 | SH |
| 18 | NU HLDGS LTD | NU | G6683N103 | $26.6M | 2.36% | 1,993,668 | SH |
| 19 | VISTA ENERGY S.A.B. DE C.V. | VIST | 92837L109 | $23.5M | 2.09% | 368,652 | SH |
| 20 | SERVICE PPTYS TR | SVC | 81761L102 | $20.5M | 1.82% | 12,132,933 | SH |
| 21 | PAMPA ENERGIA SA | PAM | 697660207 | $19.1M | 1.69% | 232,138 | SH |
| 22 | OKEANIS ECO TANKERS COR | ECO | Y64177101 | $17.2M | 1.53% | 343,729 | SH |
| 23 | GEOPARK LTD | GPRK | G38327105 | $17.2M | 1.53% | 1,890,957 | SH |
| 24 | MICRON TECHNOLOGY INC | MU | 595112103 | $12.4M | 1.10% | 10,750 | SH |
| 25 | CF INDUSTRIES HOLD | CF | 125269100 | $12.0M | 1.06% | 110,780 | SH |
| 26 | CRESUD S A C I F Y A | CRESY | 226406106 | $7.8M | 0.69% | 692,830 | SH |
| 27 | TRANSPORTADORA DE GAS DEL SU | TGS | 893870204 | $5.8M | 0.51% | 195,115 | SH |
| 28 | NEWMONT CORP | NEM | 651639106 | $5.2M | 0.46% | 55,187 | SH |
| 29 | HAFNIA LTD | HAFN | Y2990R101 | $5.1M | 0.45% | 766,069 | SH |
| 30 | SOLANA CO | HSDT | 42328V876 | $959.2K | 0.09% | 581,310 | SH |
| 31 | VOLATILITY SHS TR | SOLZ | 92864M822 | $428.0K | 0.04% | 58,000 | SH |
| 32 | STABLECOINX INC | USDEW | 85238K118 | $82.0K | 0.01% | 200,000 | SH |
| 33 | SOUNDHOUND AI INC | SOUNW | 836100115 | $48.0K | 0.00% | 25,000 | SH |
| 34 | ALLIANCE ENTERTAINMENT HOLDI | AENTW | 01861F110 | $43.0K | 0.00% | 100,000 | SH |
| 35 | NIOCORP DEVS LTD | NIOBW | 654484153 | $21.5K | 0.00% | 15,356 | SH |
| 36 | FOLD HLDGS INC | FLDDW | 29103K118 | $19.2K | 0.00% | 187,500 | SH |
| 37 | BAKKT INC | BKKT.WS | 05759B115 | $9.7K | 0.00% | 150,000 | SH |
| 38 | BLACKSKY TECHNOLOGY INC | BKSY | 09263B116 | $6.5K | 0.00% | 130,600 | SH |
| 39 | SUNPOWER INC | SPWRW | 20460L112 | $5.2K | 0.00% | 37,500 | SH |
| 40 | PAGAYA TECHNOLOGIES LTD | PGYWW | M7S64L107 | $3.5K | 0.00% | 66,666 | SH |
| 41 | PSQ HOLDINGS INC | PSQH.WS | 693691115 | $2.1K | 0.00% | 53,333 | SH |
| 42 | SOUTHLAND HLDGS INC | SLND.WS | 84445C118 | $1.9K | 0.00% | 75,000 | SH |
| 43 | KIDZ AI INC | KIDZW | 182744110 | $1.9K | 0.00% | 150,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.13B | 43 | 0001315863-26-000591 |
| 2026-03-31 | 2026-05-15 | $844.9M | 40 | 0001315863-26-000424 |
| 2025-12-31 | 2026-02-18 | $631.8M | 37 | 0001315863-26-000188 |
| 2025-12-31 | 2026-02-17 | $522.4M | 37 | 0001315863-26-000170 |
Filer Information
Address
INTERTRUST CORPORATE SERVICES (CAYMAN)ONE NEXUS WAY
CAMANA BAY, GRAND CAYMAN, E9 KY1-9005
Phone
(646) 571-1870
Filing Manager
VR Advisory Services Ltd
CAMANA BAY, GRAND CAYMAN, E9
Signatory
Fredrik Olsson
Chief Compliance Officer