13F-HR 1 gemsmanagement13f.4q12.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 ----------------- FORM 13F ----------------- FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gems Management Limited. Address: Centreville House, Suite 2B, 2nd Terrace West PO BOx CB 12809 Nassau, Bahamas Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Cedric Lancelot Carroll Title: Managing Director Phone: (242) 326-1904 Signature, Place, and Date of Signing: Cedric Lancelot Carroll Nassau, Bahamas 7 February 2013 ------------------------ ------------------------ ------------------------ [Signature] [City, State] [Date] Report type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this report manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holding are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 45 ------------- Form 13F Information Table Value Total: $58,978 ------------- (thousands) List of Other Included Managers: N/A Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE Form 13F Information Table For the year ended December 31, 2012
TITLE OF VALUE SH OR PRN SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE AMERICAN CAPITAL AGENCY CORP COM 02503X105 15,895 550,000 SH SOLE 550,000 ERICSSON ADR B SEK 10 294821608 1,080 106,928 SH SOLE 106,928 CURRENCYSHARES EURO TR EURO SHS 23130C108 469 3,584 SH SOLE 3,584 ISHARES TR FTSE CHINA25 IDX 464287184 2,506 61,962 SH SOLE 61,962 GLOBAL X FDS FTSE COLOMBIA20 37950E200 928 41,705 SH SOLE 41,705 GOOGLE INC CL A 38259P508 1,094 1,546 SH SOLE 1,546 CLAYMORE EXCHANGE TRD FD TR GUGG CHN SML CAP 18383Q853 341 14,197 SH SOLE 14,197 CLAYMORE EXCHANGE TRD FD TR GUGG FRNTR MKT 18383Q838 474 23,965 SH SOLE 23,965 ISHARES TR HIGH YLD CORP 464288513 3,390 36,317 SH SOLE 36,317 ISHARES TR JPMORGAN USD 464288281 470 3,831 SH SOLE 3,831 JUNIPER NETWORKS INC COM 48203R104 1,081 54,954 SH SOLE 54,954 MARKET VECTORS ETF TR BRAZL SMCP ETF 57060U613 339 7,959 SH SOLE 7,959 MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 479 17,435 SH SOLE 17,435 MARKET VECTORS ETF TR RUSSIA ETF 57060U506 2,024 67,694 SH SOLE 67,694 MARKET VECTORS ETF TR RUSSIA SMALLCP 57060U399 339 22,252 SH SOLE 22,252 MARKET VECTORS ETF TR VIETNAM ETF 57060U761 957 53,180 SH SOLE 53,180 MASTERCARD INC CL A 57636Q104 1,081 2,201 SH SOLE 2,201 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1,066 57,135 SH SOLE 57,135 ISHARES INC MSCI AUSTRALIA 464286103 479 19,044 SH SOLE 19,044 ISHARES INC MSCI BRAZIL 464286400 2,015 36,015 SH SOLE 36,015 ISHARES INC MSCI BRIC INDX 464286657 477 11,673 SH SOLE 11,673 ISHARES INC MSCI JAPAN 464286848 474 48,625 SH SOLE 48,625 ISHARES INC MSCI PAC J IDX 464286665 795 16,868 SH SOLE 16,868 ISHARES INC MSCI STH AFRCA 464286780 936 13,070 SH SOLE 13,070 ISHARES INC MSCI THAILAND 464286624 937 11,359 SH SOLE 11,359 ISHARES INC MSCI TURKEY FD 464286715 931 13,947 SH SOLE 13,947 PROSHARES TR PSHS ULTSHRT QQQ 74347X237 575 19,392 SH SOLE 19,392 NETFLIX INC COM 64110L106 1,104 11,922 SH SOLE 11,922 NOKIA CORP SPONSORED ADR 654902204 1,104 279,528 SH SOLE 279,528 ORACLE CORP COM 68389X105 1,075 32,253 SH SOLE 32,253 PLANTRONICS INC NEW COM 727493108 1,092 29,608 SH SOLE 29,608 ISHARES TR S&P EURO PLUS 464287861 612 15,579 SH SOLE 15,579 SPDR SERIES TRUST S&P HOMEBUILD 78464A888 398 14,969 SH SOLE 14,969 ISHARES TR S&P LTN AM 40 464287390 476 10,859 SH SOLE 10,859 SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 528 14,071 SH SOLE 14,071 SPDR SERIES TRUST BRC HGH YLD BD 78464A417 3,392 83,320 SH SOLE 83,320 SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 1,268 30,677 SH SOLE 30,677 SPRINT NEXTEL CORP COM SER 1 852061100 1,061 187,063 SH SOLE 187,063 PROSHARES TR PSHS ULT BASMATL 74347R776 268 7,318 SH SOLE 7,318 PROSHARES TR ULTRA FNCLS NEW 74347X633 332 4,899 SH SOLE 4,899 PROSHARES TR PSHS TECHNOLOGY 74347X153 579 15,654 SH SOLE 15,654 PROSHARES TR II ULTRASHORT YEN N 74347W569 1,034 20,368 SH SOLE 20,368 INVESCO SR INCOME TR COM 46131H107 575 111,069 SH SOLE 111,069 VANGUARD TAX MANAGED INTL FD MSCI EAFE ETF 921943858 1,180 33,486 SH SOLE 33,486 VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 1,268 28,470 SH SOLE 28,470