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VR Advisory Services Ltd

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13F filer, CIK 1348145, CAMANA BAY, GRAND CAYMAN, Cayman Islands

VR Advisory Services Ltd reported $375,185,076 across 33 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 90.89% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-005256

Period
2025-06-30
Reported value
$375M
Holdings
33
Top 10 weight
90.89%
New
3
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
KSPIadded+121,907$10.3M
HEPSadded+1,520,902$4.11M
VEONadded+47,463$2.19M
RILYnew+52,000$97.8K
ASPIRE BIOPHARMA HLDGS INC …new+97,391$26.2K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CARreduced-74,643-$12.6M
TGSreduced-216,697-$5.61M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001085146-25-005256, largest first. % of portfolio is the value over $375,185,076, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
YPFYPF SOCIEDAD ANONIMAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,405,533 shares; 2024Q4: 3,405,533 shares; 2025Q1: 3,405,533 shares; 2025Q2: 3,405,533 shares 3,405,533$107M28.55%0Timeline
KSPIKASPI KZ JSCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 734,208 shares; 2024Q4: 836,163 shares; 2025Q1: 955,462 shares; 2025Q2: 1,077,369 shares 1,077,369$91.5M24.38%+121,907Timeline
HEPSD MARKET ELECTR SVCS & TRADIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,746,358 shares; 2025Q1: 12,413,583 shares; 2025Q2: 13,934,485 shares 13,934,485$37.6M10.03%+1,520,902Timeline
IRSIRSA INVERSIONES Y REP S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,173,342 shares; 2024Q4: 2,251,611 shares; 2025Q1: 2,251,611 shares; 2025Q2: 2,251,611 shares 2,251,611$31.4M8.36%0Timeline
ALAIR LEASE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 375,000 shares; 2024Q4: 375,000 shares; 2025Q1: 375,000 shares; 2025Q2: 375,000 shares 375,000$21.9M5.85%0Timeline
PAMPAMPA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 272,013 shares; 2024Q4: 272,013 shares; 2025Q1: 272,013 shares; 2025Q2: 272,013 shares 272,013$18.9M5.03%0Timeline
INDIVIOR PLCINDIVIOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 641,210 shares; 2024Q4: 641,210 shares; 2025Q1: 641,210 shares; 2025Q2: 641,210 shares 641,210$9.54M2.54%0
AERAERCAP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,000 shares; 2024Q4: 73,000 shares; 2025Q1: 73,000 shares; 2025Q2: 73,000 shares 73,000$8.54M2.28%0Timeline
ECOOKEANIS ECO TANKERS CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 350,088 shares; 2024Q4: 350,088 shares; 2025Q1: 350,088 shares; 2025Q2: 350,088 shares 350,088$7.54M2.01%0Timeline
PUMPPROPETRO HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,174,725 shares; 2025Q2: 1,174,725 shares 1,174,725$7.01M1.87%0Timeline
TGSTRANSPORTADORA DE GAS DEL SUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 627,864 shares; 2024Q4: 627,864 shares; 2025Q1: 432,458 shares; 2025Q2: 215,761 shares 215,761$5.59M1.49%-216,697Timeline
IRSA INVERSIONES Y REP S AIRSA INVERSIONES Y REP S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,732,065 shares; 2024Q4: 2,730,134 shares; 2025Q1: 2,730,134 shares; 2025Q2: 2,730,134 shares 2,730,134$4.59M1.22%0
CRESYCRESUD S A C I F Y AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 416,109 shares; 2024Q4: 416,109 shares; 2025Q1: 416,109 shares; 2025Q2: 416,109 shares 416,109$4.48M1.19%0Timeline
CARAVIS BUDGET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,643 shares; 2024Q4: 99,643 shares; 2025Q1: 99,643 shares; 2025Q2: 25,000 shares 25,000$4.23M1.13%-74,643Timeline
VEONVEON LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 42,703 shares; 2025Q1: 42,703 shares; 2025Q2: 90,166 shares 90,166$4.15M1.11%+47,463Timeline
NBRNABORS INDUSTRIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,364 shares; 2024Q4: 134,789 shares; 2025Q1: 134,789 shares; 2025Q2: 134,789 shares 134,789$3.78M1.01%0Timeline
PBFPBF ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 170,945 shares; 2025Q2: 170,945 shares 170,945$3.7M0.99%0Timeline
Cresud S A C I F Y A Warran…Cresud S A C I F Y A Warrant Exp …Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,924,767 shares; 2024Q4: 1,924,767 shares; 2025Q1: 1,924,767 shares; 2025Q2: 1,924,767 shares 1,924,767$1.62M0.43%0
GPRKGEOPARK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 234,685 shares; 2024Q4: 234,685 shares; 2025Q1: 234,685 shares; 2025Q2: 234,685 shares 234,685$1.53M0.41%0Timeline
FLDDWFOLD HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 187,500 shares; 2024Q4: not reported; 2025Q1: 187,500 shares; 2025Q2: 187,500 shares 187,500$133K0.04%0Timeline
SOUNWSOUNDHOUND AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares 25,000$112K0.03%0Timeline
RILYBRC GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,000 shares 52,000$97.8K0.03%newTimeline
BLACKSKY TECHNOLOGY INCBLACKSKY TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,600 shares; 2024Q4: 130,600 shares; 2025Q1: 130,600 shares; 2025Q2: 130,600 shares 130,600$38.6K0.01%0
BAKKT INCBAKKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,000 shares; 2024Q4: 150,000 shares; 2025Q1: 150,000 shares; 2025Q2: 150,000 shares 150,000$28.6K0.01%0
ASPIRE BIOPHARMA HLDGS INC …ASPIRE BIOPHARMA HLDGS INC COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 97,391 shares 97,391$26.2K0.01%new
SOUTHLAND HLDGS INCSOUTHLAND HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,000 shares; 2024Q4: 75,000 shares; 2025Q1: 75,000 shares; 2025Q2: 75,000 shares 75,000$24K0.01%0
AENTWALLIANCE ENTERTAINMENT HOLDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,000 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares 100,000$18K<0.01%0Timeline
SPWRWSUNPOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,500 shares; 2024Q4: 37,500 shares; 2025Q1: 37,500 shares; 2025Q2: 37,500 shares 37,500$12.2K<0.01%0Timeline
PSQ HOLDINGS INCPSQ HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,333 shares; 2024Q4: 53,333 shares; 2025Q1: 53,333 shares; 2025Q2: 53,333 shares 53,333$11.2K<0.01%0
PGYWWPAGAYA TECHNOLOGIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,666 shares; 2024Q4: 66,666 shares; 2025Q1: 66,666 shares; 2025Q2: 66,666 shares 66,666$11.2K<0.01%0Timeline
NIOBWNIOCORP DEVS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,356 shares; 2024Q4: 15,356 shares; 2025Q1: 15,356 shares; 2025Q2: 15,356 shares 15,356$7.79K<0.01%0Timeline
ASBPWASPIRE-LAKEWOOD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 99,692 shares 99,692$4.45K<0.01%newTimeline
PAYSAFE LIMITEDPAYSAFE LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,285 shares; 2024Q4: 132,285 shares; 2025Q1: 132,285 shares; 2025Q2: 132,285 shares 132,285$2.18K<0.01%0

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001085146-25-005256 base2025-08-14acceptance time not in the bulk data set