Carrhae Capital LLP
- SEC CIK
- 0001555254
- Latest filing
- Jul 15, 2026
Holdings in Q4 2024
Holdings as of Dec 31, 2024, filed Feb 11, 2025. Long positions only; changes compare share counts with Q3 2024.
- Positions
- 22
- 0 vs. Q3 2024
- Portfolio value
- $846.5M
- −$29.0M (−3.3%) vs. Q3 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| EMBJEmbraer S.A. | ADR | 2,670,740 | $98.0M | 11.6% | +866,919+48.1% | Added | History |
| EGOEldorado Gold Corp | COM | 6,040,730 | $89.8M | 10.6% | +738,233+13.9% | Added | History |
| AUAngloGold Ashanti PLC | COM SHS | 3,459,193 | $79.8M | 9.4% | +2,177,783+170.0% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 383,886 | $75.8M | 9.0% | +20,623+5.7% | Added | History |
| EDUNew Oriental Education & Technology Group Inc. | SPON ADR | 1,042,689 | $66.9M | 7.9% | +358,502+52.4% | Added | History |
| CPACopa Holdings, S.A. | CL A | 701,867 | $61.7M | 7.3% | +145,967+26.3% | Added | History |
| IBNIcici Bank Ltd | ADR | 1,751,047 | $52.3M | 6.2% | +425,882+32.1% | Added | History |
| SESea Ltd | SPONSORD ADS | 474,672 | $50.4M | 5.9% | −74,722−13.6% | Reduced | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 543,167 | $46.4M | 5.5% | +103,131+23.4% | Added | History |
| BEKEKE Holdings Inc. | SPONSORED ADS | 1,745,724 | $32.2M | 3.8% | +1,745,724 | New | History |
| JDJD.com, Inc. | SPON ADS CL A | 827,951 | $28.7M | 3.4% | +827,951 | New | History |
| RNWReNew Energy Global plc | CL A SHS | 3,654,991 | $25.0M | 2.9% | 00.0% | Unchanged | History |
| FNVFranco Nevada Corp | Stock | 206,418 | $24.3M | 2.9% | −17,666−7.9% | Reduced | History |
| MMYTMakeMyTrip Ltd | Stock | 210,950 | $23.7M | 2.8% | −144,009−40.6% | Reduced | History |
| YUMCYum China Holdings, Inc. | COM | 489,307 | $23.6M | 2.8% | +19,007+4.0% | Added | History |
| TSTenaris SA | SPONSORED ADS | 437,806 | $16.5M | 2.0% | +437,806 | New | History |
| DBX ETF Tr233051879 | XTRACK HRVST CSI | 506,000 | $13.4M | 1.6% | +506,000 | New | – |
| CXCemex SAB de CV | SPON ADR NEW | 2,215,050 | $12.5M | 1.5% | +350,400+18.8% | Added | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 20,931 | $12.3M | 1.4% | −5,606−21.1% | Reduced | History |
| BAPCredicorp Ltd | COM | 40,669 | $7.46M | 0.9% | −113,908−73.7% | Reduced | History |
| PDDPDD Holdings Inc. | SPONSORED ADS | 60,220 | $5.84M | 0.7% | −387,740−86.6% | Reduced | History |
| ReNew Energy Global plcG7500M120 | *W EXP 08/30/202 | 64,966 | $10.6K | <0.1% | 00.0% | Unchanged | – |
Options (3)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| iShares Tr464287234 | MSCI EMG MKT ETF | $184.1M | – |
| DBX ETF Tr233051879 | XTRACK HRVST CSI | – | $115.3M |
| AAPLApple Inc. | Stock | $49.5M | – |
Sold out since Q3 2024 (4)
Positions held at the end of Q3 2024 that are gone from this filing.
| Security | Class | Shares in Q3 2024 | Value in Q3 2024 | % of portfolio in Q3 2024 | History |
|---|---|---|---|---|---|
| BABAAlibaba Group Holding Ltd | ADR | 724,856 | $76.9M | 8.8% | History |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 1,081,695 | $43.1M | 4.9% | – |
| FCXFreeport-McMoran Inc | Stock | 463,275 | $23.1M | 2.6% | History |
| VALEVale S.A. | SPONSORED ADS | 1,749,987 | $20.4M | 2.3% | History |