Gmt Capital Corp.
- Regulatory AUM
- $6.9B
- Discretionary
- $6.9B
- Clients
- 6
- Avg AUM / client
- $1.1B
- Accounts
- 6
- Employees
- 19
AUM over time
Annual snapshots from Form ADV filings · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 4 | $6.5B | 94.8% |
| Corporations and other businesses | 1 | $13.9M | 0.2% |
| Other | 1 | $343M | 4.98% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $5.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Bay Resource Partners Offshore Master Fund, L.P. master | Hedge Fund | Cayman Islands | $2.2B | 26 |
| Bay Resource Partners, L.P. | Hedge Fund | Delaware | $1.9B | 50 |
| Bay Ii Resource Partners, L.P. | Hedge Fund | Delaware | $1.2B | 47 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Claugus, Thomas, Eugene | President | Jan 1993 (34y) | 75% or more | |
| Randall, Harold, Nathaniel | Managing Director & Chief Operating Officer | Jan 2016 (11y) | Less than 5% | |
| Idilby, Omar, Ziad | General Counsel & Chief Compliance Officer | Aug 2020 (6y) | Less than 5% | |
| Walker, Joseph, Daniel | Chief Financial Officer | Jan 2021 (6y) | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $5.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Bay Resource Partners Offshore Master Fund, L.P. | Hedge Fund | $2.2B | $500K | 26 |
| Bay Resource Partners, L.P. | Hedge Fund | $1.9B | $1.0M | 50 |
| Bay Ii Resource Partners, L.P. | Hedge Fund | $1.2B | $1.0M | 47 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 2.02 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON DECEMBER 21, 2012, GMT CAPITAL CORP. ("GMT") MAINTAINED AN OPEN FUTURES EQUIVALENT POSITION OF 2,555 LONG JANUARY 2013 HENRY HUB NATURAL GAS FUTURES CONTRACTS WHICH WAS 1,555 CONTRACTS (155.50%) OVER THE STANDARD EXPIRATION MONTH LIMIT IN EFFECT FOR TRADE DATES DECEMBER 24, 26, AND 27, 2012. AS A RESULT, GMT WAS FOUND TO HAVE VIOLATED RULE 562. Status: Final Sanction Detail: IN ACCORDANCE WITH THE SETTLEMENT OFFER, A PANEL OF THE NYMEX BUSINESS CONDUCT COMMITTEE (THE "PANEL") ORDERED GMT TO PAY A FINE IN THE AMOUNT OF $40,000 AND TO DISGORGE PROFITS IN THE AMOUNT OF $8,820, BOTH OF WHICH WERE PAID ON FEBRUARY 21, 2014. Summary: PURSUANT TO AN OFFER OF SETTLEMENT GMT PRESENTED AT A HEARING ON FEBRUARY 5, 2014, IN WHICH GMT NEITHER ADMITTED NOR DENIED THE RULE VIOLATION UPON WHICH THE PENALTY IS BASED, THE PANEL FOUND THAT IT HAD JURISDICTION OVER GMT PURSUANT TO NYMEX RULE 418 AND THAT ON DECEMBER 21, 2012, GMT MAINTAINED AN OPEN FUTURES EQUIVALENT POSITION OF 2,555 LONG JANUARY 2013 HENRY HUB NATURAL GAS FUTURES CONTRACTS WHICH WAS 1,555 CONTRACTS (155.50%) OVER THE STANDARD EXPIRATION MONTH LIMIT IN EFFECT FOR TRADE DATES DECEMBER 24, 26, AND 27, 2012. GMT SUBSEQUENTLY LIQUIDATED ITS OVERAGE POSITION, RESULTING IN PROFITS OF $8,820.00. THE PANEL FOUND THAT AS A RESULT, GMT VIOLATED RULE 562. IN ACCORDANCE WITH THE SETTLEMENT OFFER, THE PANEL ORDERED GMT TO PAY A FINE TO THE EXCHANGE IN THE AMOUNT OF $40,000 AND TO DISGORGE PROFITS IN THE AMOUNT OF $8,820. THIS ACTION BECAME FINAL ON FEBRUARY 5, 2014 AND EFFECTIVE FEBRUARY 7, 2014.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- National Financial Services (Fidelity) $167M (2% of AUM) Mar 2026
- Goldman Sachs $109M (2% of AUM) Mar 2026
- Fidelity Investments Institutional Services Company, Inc. $73.9M (1% of AUM) Mar 2019
- Fidelity Distributors Company Llc $71.5M (1% of AUM) Aug 2020
- Citigroup Global Markets Inc. $40.0M (1% of AUM) Mar 2026
- Bofa Securities, Inc. $32.4M (0% of AUM) Mar 2026
- Merrill Lynch $19.5M (0% of AUM) Mar 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 17, 2026.
View current Form ADV (SEC/IAPD) ↗