Carrhae Capital LLP
- SEC CIK
- 0001555254
- Latest filing
- Jul 15, 2026
Holdings in Q2 2026
Holdings as of Jun 30, 2026, filed Jul 15, 2026. Long positions only; changes compare share counts with Q1 2026.
- Positions
- 23
- +2 vs. Q1 2026
- Portfolio value
- $1.52B
- +$100.3M (+7.1%) vs. Q1 2026
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 414,556 | $198.0M | 13.0% | −144,324−25.8% | Reduced | History |
| SESea Ltd | SPONSORD ADS | 1,466,148 | $140.5M | 9.3% | +1,466,148 | New | History |
| EMBJEmbraer S.A. | ADR | 2,029,766 | $129.5M | 8.5% | −858,914−29.7% | Reduced | History |
| EGOEldorado Gold Corp | COM | 3,909,137 | $121.5M | 8.0% | −988,614−20.2% | Reduced | History |
| IBNIcici Bank Ltd | ADR | 3,496,179 | $101.5M | 6.7% | −1,543,564−30.6% | Reduced | History |
| GDSGDS Holdings Ltd | SPONSORED ADS | 3,300,419 | $99.1M | 6.5% | +1,115,757+51.1% | Added | History |
| PBRPetrobras - Petroleo Brasileiro SA | SPONSORED ADR | 5,411,909 | $87.5M | 5.8% | +5,411,909 | New | History |
| ITUBItau Unibanco Holding S.A. | SPON ADR REP PFD | 9,643,006 | $78.8M | 5.2% | −10,800,127−52.8% | Reduced | History |
| GGALGrupo Financiero Galicia SA | SPONSORED ADR | 1,360,220 | $68.1M | 4.5% | +1,360,220 | New | History |
| ASMLASML Holding NV | ADR | 32,056 | $63.8M | 4.2% | +32,056 | New | History |
| CPACopa Holdings, S.A. | CL A | 400,262 | $62.3M | 4.1% | −117,852−22.7% | Reduced | History |
| AUAngloGold Ashanti PLC | COM SHS | 756,610 | $61.2M | 4.0% | +503,644+199.1% | Added | History |
| PPCPilgrims Pride Corp | Stock | 1,856,460 | $52.2M | 3.4% | +1,856,460 | New | History |
| BABAAlibaba Group Holding Ltd | ADR | 500,160 | $48.0M | 3.2% | −833,910−62.5% | Reduced | History |
| NTESNetEase, Inc. | SPONSORED ADS | 306,577 | $39.3M | 2.6% | +237,410+343.2% | Added | History |
| SLBSLB Limited | Stock | 834,322 | $38.8M | 2.6% | +277,506+49.8% | Added | History |
| CPNGCoupang, Inc. | CL A | 2,198,457 | $38.2M | 2.5% | +2,198,457 | New | History |
| HALHalliburton Co | Stock | 726,193 | $24.7M | 1.6% | +128,472+21.5% | Added | History |
| BBDBank Bradesco | SP ADR PFD NEW | 4,484,271 | $15.6M | 1.0% | +4,484,271 | New | History |
| TSTenaris SA | SPONSORED ADS | 278,311 | $15.4M | 1.0% | −59,117−17.5% | Reduced | History |
| MMYTMakeMyTrip Ltd | Stock | 221,385 | $11.8M | 0.8% | +70,823+47.0% | Added | History |
| VNETVNET Group, Inc. | SPONSORED ADS A | 1,467,195 | $11.8M | 0.8% | −45,860−3.0% | Reduced | History |
| BEKEKE Holdings Inc. | SPONSORED ADS | 697,760 | $10.1M | 0.7% | +697,760 | New | History |
Options (6)
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 |
|---|---|---|---|
| Invesco QQQ Trust Series I46090E103 | ETF | $1.06B | – |
| iShares Tr464287234 | MSCI EMG MKT ETF | $549.2M | – |
| GLDSPDR Gold Trust | ETF | – | $224.0M |
| BABAAlibaba Group Holding Ltd | ADR | – | $138.3M |
| Kraneshares Trust500767306 | CSI CHI INTERNET | – | $65.9M |
| USOUnited States Oil Fund, LP | UNITS | $63.5M | – |
Sold out since Q1 2026 (6)
Positions held at the end of Q1 2026 that are gone from this filing.
| Security | Class | Shares in Q1 2026 | Value in Q1 2026 | % of portfolio in Q1 2026 | History |
|---|---|---|---|---|---|
| PDDPDD Holdings Inc. | SPONSORED ADS | 515,274 | $52.7M | 3.7% | History |
| JBSJBS N.V. | ADR | 2,546,345 | $45.7M | 3.2% | History |
| HSAIHesai Group | SPONSORED ADS | 1,568,343 | $30.0M | 2.1% | History |
| MTArcelorMittal | NY REGISTRY SH | 196,677 | $10.2M | 0.7% | History |
| VISTVista Energy, S.A.B. de C.V. | SPONSORED ADS | 79,692 | $6.01M | 0.4% | History |
| RNWReNew Energy Global plc | CL A SHS | 1,277,071 | $5.85M | 0.4% | History |