Carrhae Capital LLP
- SEC CIK
- 0001555254
- Latest filing
- Jul 15, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Nov 20, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 23
- −2 vs. Q2 2025
- Portfolio value
- $1.05B
- +$7.87M (+0.8%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| EGOEldorado Gold Corp | COM | 4,994,738 | $144.3M | 13.7% | +480,253+10.6% | Added | History |
| IBNIcici Bank Ltd | ADR | 4,002,553 | $121.0M | 11.5% | +4,002,553 | New | History |
| SESea Ltd | SPONSORD ADS | 533,060 | $95.3M | 9.0% | +120,100+29.1% | Added | History |
| BABAAlibaba Group Holding Ltd | ADR | 498,234 | $89.0M | 8.5% | −25,488−4.9% | Reduced | History |
| AUAngloGold Ashanti PLC | COM SHS | 1,104,051 | $77.6M | 7.4% | −96,060−8.0% | Reduced | History |
| EMBJEmbraer S.A. | ADR | 1,178,651 | $71.2M | 6.8% | −795,139−40.3% | Reduced | History |
| GDSGDS Holdings Ltd | SPONSORED ADS | 1,648,278 | $63.8M | 6.1% | +1,231,375+295.4% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 196,332 | $54.8M | 5.2% | −61,669−23.9% | Reduced | History |
| PDDPDD Holdings Inc. | SPONSORED ADS | 386,924 | $51.1M | 4.9% | −116,671−23.2% | Reduced | History |
| SNPSSynopsys Inc | COM | 96,215 | $47.5M | 4.5% | +96,215 | New | History |
| MMYTMakeMyTrip Ltd | Stock | 378,097 | $35.4M | 3.4% | −198,489−34.4% | Reduced | History |
| YMMFull Truck Alliance Co. Ltd. | SPONSORED ADS | 2,674,774 | $34.7M | 3.3% | +2,674,774 | New | History |
| EQTEQT Corp | Stock | 520,036 | $28.3M | 2.7% | +520,036 | New | History |
| FCXFreeport-McMoran Inc | Stock | 644,376 | $25.3M | 2.4% | −704,687−52.2% | Reduced | History |
| FNVFranco Nevada Corp | Stock | 112,054 | $25.0M | 2.4% | −162,892−59.2% | Reduced | History |
| VISTVista Energy, S.A.B. de C.V. | SPONSORED ADS | 688,405 | $23.7M | 2.2% | +287,823+71.9% | Added | History |
| RNWReNew Energy Global plc | CL A SHS | 2,767,298 | $21.3M | 2.0% | 00.0% | Unchanged | History |
| WRDWeRide Inc. | ADR | 1,631,583 | $16.2M | 1.5% | +1,631,583 | New | History |
| GGALGrupo Financiero Galicia SA | SPONSORED ADR | 315,700 | $8.70M | 0.8% | +315,700 | New | History |
| PONYPony AI Inc. | SPONSORED ADS | 297,295 | $6.69M | 0.6% | +297,295 | New | History |
| SHELShell plc | ADR | 88,632 | $6.34M | 0.6% | +88,632 | New | History |
| JBSJBS N.V. | ADR | 404,673 | $6.04M | 0.6% | +404,673 | New | History |
| ReNew Energy Global plcG7500M120 | *W EXP 08/30/202 | 64,966 | $2.96K | <0.1% | 00.0% | Unchanged | – |
Options (4)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
Sold out since Q2 2025 (11)
Positions held at the end of Q2 2025 that are gone from this filing.
| Security | Class | Shares in Q2 2025 | Value in Q2 2025 | % of portfolio in Q2 2025 | History |
|---|---|---|---|---|---|
| CPACopa Holdings, S.A. | CL A | 512,143 | $56.3M | 5.4% | History |
| YUMCYum China Holdings, Inc. | COM | 1,092,990 | $48.9M | 4.7% | History |
| BAPCredicorp Ltd | COM | 213,806 | $47.8M | 4.6% | History |
| TECKTeck Resources Ltd | CL B | 1,107,431 | $44.7M | 4.3% | History |
| LVSLas Vegas Sands Corp | COM | 961,827 | $41.8M | 4.0% | History |
| BEKEKE Holdings Inc. | SPONSORED ADS | 1,361,179 | $24.1M | 2.3% | History |
| SLViShares Silver Trust | ETF | 656,743 | $21.5M | 2.1% | History |
| EDUNew Oriental Education & Technology Group Inc. | SPON ADR | 346,937 | $18.7M | 1.8% | History |
| HBMHudbay Minerals Inc. | COM | 1,544,993 | $16.4M | 1.6% | History |
| NXPINXP Semiconductors N.V. | COM | 63,342 | $13.8M | 1.3% | History |
| EHEHang Holdings Ltd | ADS | 271,700 | $4.72M | 0.5% | History |