Livermore

Carrhae Capital LLP

SEC CIK
0001555254

Holdings, Q2 2026

Positions as of Jun 30, 2026, filed Jul 15, 2026.SEC

Positions
23
+2 vs. Q1 2026
Total value
$1.52B
+$100.28M (+7.1%) vs. Q1 2026

Compare with Q1 2026: new, added, reduced and sold out

Positions

Long positions only. Changes compare share counts with Q1 2026.

Carrhae Capital LLP holdings in Q2 2026
SecurityClassSharesValue% of portfolioChange in sharesActionHistory
TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADSADR414,556$197.98M13.05%−144,324−25.8%ReducedView
SESEA LTDSPONSORD ADS1,466,148$140.5M9.26%+1,466,148NewView
EMBJEMBRAER S.A. SPONSORED ADSADR2,029,766$129.5M8.53%−858,914−29.7%ReducedView
EGOELDORADO GOLD CORP NEWCOM3,909,137$121.54M8.01%−988,614−20.2%ReducedView
IBNICICI BANK LIMITEDADR3,496,179$101.49M6.69%−1,543,564−30.6%ReducedView
GDSGDS HLDGS LTDSPONSORED ADS3,300,419$99.11M6.53%+1,115,757+51.1%AddedView
PBRPETROLEO BRASILEIRO S ASPONSORED ADR5,411,909$87.46M5.76%+5,411,909NewView
ITUBITAU UNIBANCO HLDG S ASPON ADR REP PFD9,643,006$78.78M5.19%−10,800,127−52.8%ReducedView
GGALGRUPO FINANCIERO GALICIA S.ASPONSORED ADR1,360,220$68.05M4.48%+1,360,220NewView
ASMLASML HLDG NV N Y REGISTRY SHSADR32,056$63.77M4.20%+32,056NewView
CPACOPA HOLDINGS SACL A400,262$62.27M4.10%−117,852−22.7%ReducedView
AUANGLOGOLD ASHANTI PLCCOM SHS756,610$61.2M4.03%+503,644+199.1%AddedView
PPCPILGRIMS PRIDE CORP COMStock1,856,460$52.19M3.44%+1,856,460NewView
BABAALIBABA GROUP HLDG LTD SPONSORED ADSADR500,160$48.01M3.16%−833,910−62.5%ReducedView
NTESNETEASE COM INCSPONSORED ADS306,577$39.28M2.59%+237,410+343.2%AddedView
SLBSLB LIMITED COM STKStock834,322$38.79M2.56%+277,506+49.8%AddedView
CPNGCOUPANG INCCL A2,198,457$38.19M2.52%+2,198,457NewView
HALHALLIBURTON CO COMStock726,193$24.65M1.62%+128,472+21.5%AddedView
BBDBANCO BRADESCO S ASP ADR PFD NEW4,484,271$15.56M1.03%+4,484,271NewView
TSTENARIS S ASPONSORED ADS278,311$15.44M1.02%−59,117−17.5%ReducedView
MMYTMAKEMYTRIP LIMITED MAURITIUS SHSStock221,385$11.8M0.78%+70,823+47.0%AddedView
VNETVNET GROUP INCSPONSORED ADS A1,467,195$11.8M0.78%−45,860−3.0%ReducedView
BEKEKE HLDGS INCSPONSORED ADS697,760$10.14M0.67%+697,760NewView

Options (6)

Put and call positions reported in the same filing. The value is that of the underlying shares, as reported on Form 13F.

Carrhae Capital LLP option positions in Q2 2026
SecurityClassPutsCalls
INVESCO QQQ TRUST SERIES I46090E103ETF$1.06B–
ISHARES TR464287234MSCI EMG MKT ETF$549.18M–
GLDSPDR GOLD SHARESETF–$223.98M
BABAALIBABA GROUP HLDG LTD SPONSORED ADSADR–$138.29M
KRANESHARES TRUST500767306CSI CHI INTERNET–$65.86M
USOUNITED STS OIL FD LPUNITS$63.52M–

Sold out since Q1 2026 (6)

Positions held at the end of Q1 2026 that are no longer in this filing.

Carrhae Capital LLP positions sold out since Q1 2026
SecurityClassShares, Q1 2026Value, Q1 2026% of portfolio, Q1 2026
PDDPDD HOLDINGS INCSPONSORED ADS515,274$52.65M3.72%
JBSJBS N.V. CL A SHSADR2,546,345$45.73M3.23%
HSAIHESAI GROUPSPONSORED ADS1,568,343$29.99M2.12%
MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH196,677$10.22M0.72%
VISTVISTA ENERGY S.A.B. DE C.V.SPONSORED ADS79,692$6.01M0.42%
RNWRENEW ENERGY GLOBAL PLCCL A SHS1,277,071$5.85M0.41%

13F filings by quarter

Carrhae Capital LLP 13F filings by quarter
QuarterFiledPositionsTotal valueChangesFiling
Q2 2026Jul 15, 202623$1.52Bvs. Q1 2026SEC
Q1 2026May 14, 202621$1.42Bvs. Q4 2025SEC
Q4 2025Feb 6, 202628$1.5Bvs. Q3 2025SEC
Q3 2025Nov 20, 2025Amended23$1.05Bvs. Q2 2025SEC
Q2 2025Aug 5, 202525$1.05Bvs. Q1 2025SEC
Q1 2025May 2, 202521$860.35Mvs. Q4 2024SEC
Q4 2024Feb 11, 202522$846.48Mvs. Q3 2024SEC
Q3 2024Oct 18, 202422$875.51Mvs. Q2 2024SEC
Q2 2024Aug 9, 202419$611.15Mvs. Q1 2024SEC
Q1 2024Aug 21, 202419$510.59Mvs. Q4 2023SEC
Q4 2023Aug 21, 202421$505.98Mvs. Q3 2023SEC
Q3 2023Nov 27, 202414$290.81Mvs. Q2 2023SEC
Q2 2023Nov 27, 202413$226.42Mvs. Q1 2023SEC
Q1 2023Nov 27, 202420$314.57Mvs. Q4 2022SEC
Q4 2022Nov 27, 202422$313.34Mvs. Q3 2022SEC
Q3 2022Nov 27, 202414$137.06Mvs. Q2 2022SEC
Q2 2022Nov 27, 202417$118.11Mvs. Q1 2022SEC
Q1 2022Nov 27, 202416$219.02Mvs. Q4 2021SEC
Q4 2021Nov 27, 202412$145.69Mvs. Q3 2021SEC
Q3 2021Nov 27, 20249$117.81Mvs. Q2 2021SEC
Q2 2021Nov 27, 202415$220.38Mvs. Q1 2021SEC
Q1 2021Nov 27, 202410$145.78M–SEC