Eh, no. If I'm not mistaken, Gil-Galad had one of the elven rings before he was killed.
Unless you are just counting during the War of the Ring.
A more time consuming one to figure out would be to track the dwarf rings.
Depending on source Gil-Galad had one or 2 rings at one time but by the end of the second age had passed them on ...
According to Unfinished Tales, at the start of the War of the Elves and Sauron, Celebrimbor gave Narya together with the Ring Vilya to Gil-galad. Gil-galad entrusted Narya to his lieutenant Círdan, Lord of the Havens of Mithlond, who kept it after Gil-galad's death. According to
The Lord of the Rings, Gil-galad received only Vilya, while Círdan received Narya from the very beginning along with Galadriel receiving Nenya from the start.
In the Third Age, Círdan, recognizing Gandalf's true nature as one of the Maiar from Valinor, gave him the ring to aid him in his labours.
When Sauron laid waste to Eregion, Vilya was sent to the Elven-King Gil-galad far away in Lindon, where it was later given to Elrond, who bore it
through the later years of the Second Age and all of the Third.
SO.. by the time of the start of the War of the Ring in the Third Age.. they were held by Galdalf, Galadriel, and Elrond