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Livermore
Livermore
ZHEN

TT International Asset Management LTD

SEC CIK
0001809187
Latest filing
Jul 7, 2026

The latest 13F from TT International Asset Management LTD covers Q2 2026 (filed Jul 7, 2026): 49 long positions worth $783.3M. The top 10 holdings make up 89.1% of the portfolio, and the largest is Credicorp Ltd (BAP) at 17.6%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$106.4M
Added
16
Est. +$268.8M
Reduced
21
Est. −$245.2M
Sold out
11
Est. −$227.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. BAPCredicorp Ltd
    17.6%$137.6MHistory
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    12.5%$97.9MHistory
  3. ONTOOnto Innovation Inc.
    11.8%$92.1MHistory
  4. EGOEldorado Gold Corp
    10.6%$82.9MHistory
  5. IBNIcici Bank Ltd
    9.4%$73.6MHistory

Share of portfolio

Top 5 holdings and the other 44 positions, by share of portfolio value

  1. BAP17.6%
  2. TSM12.5%
  3. ONTO11.8%
  4. EGO10.6%
  5. IBN9.4%
  6. Other 44 positions38.2%

Biggest buys

New and added positions, by estimated amount bought

  1. ONTOOnto Innovation Inc.
    +$92.1MNewHistory
  2. BAPCredicorp Ltd
    +$75.5MAddedHistory
  3. IBNIcici Bank Ltd
    +$67.5MAddedHistory
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$55.7MAddedHistory
  5. ASXASE Technology Holding Co., Ltd.
    +$39.0MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ONTOOnto Innovation Inc.
    +11.75 pp0.0% → 11.8%History
  2. BAPCredicorp Ltd
    +11.62 pp5.9% → 17.6%History
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +9.00 pp3.5% → 12.5%History
  4. IBNIcici Bank Ltd
    +8.80 pp0.6% → 9.4%History
  5. ASXASE Technology Holding Co., Ltd.
    +5.13 pp0.1% → 5.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BABAAlibaba Group Holding Ltd
    −$88.4MReducedHistory
  2. BIDUBaidu, Inc.
    −$69.9MSold outHistory
  3. VISTVista Energy, S.A.B. de C.V.
    −$62.0MReducedHistory
  4. YPFYpf Sociedad Anonima
    −$59.6MSold outHistory
  5. BMAMacro Bank Inc.
    −$43.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BABAAlibaba Group Holding Ltd
    −12.63 pp12.7% → 0.1%History
  2. VISTVista Energy, S.A.B. de C.V.
    −8.01 pp8.1% → 0.1%History
  3. BIDUBaidu, Inc.
    −7.63 pp7.6% → 0.0%History
  4. YPFYpf Sociedad Anonima
    −6.51 pp6.5% → 0.0%History
  5. BTGB2GOLD Corp
    −4.68 pp4.7% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$783.3M
−$132.7M (−14.5%) vs. prior quarter
Positions
49
+1 vs. prior quarter
Top 10 concentration
89.1%
Top 10 as share of value
Turnover
44.2%
Q2 2026, one quarter
Average holding period
3.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.18B (Q2 2021)

Q1 2021: $1.87BQ2 2021: $2.18BQ3 2021: $1.80BQ4 2021: $1.50BQ1 2022: $1.43BQ2 2022: $1.15BQ3 2022: $885.6MQ4 2022: $1.02BQ1 2023: $913.4MQ2 2023: $601.4MQ3 2023: $669.2MQ4 2023: $783.3MQ1 2024: $1.06BQ2 2024: $781.5MQ3 2024: $814.9MQ4 2024: $689.0MQ1 2025: $669.6MQ2 2025: $495.9MQ3 2025: $516.4MQ4 2025: $473.5MQ1 2026: $916.0MQ2 2026: $783.3M
Q1 2021Q2 2026
13F filings of TT International Asset Management LTD by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 202649$783.3MBAPTSMONTOvs. Q1 2026SEC
Q1 2026Apr 24, 202648$916.0MBABAITUBARISvs. Q4 2025SEC
Q4 2025Jan 23, 202641$473.5MBABAGGALBMAvs. Q3 2025SEC
Q3 2025Oct 2, 202537$516.4MBABAPAMONTOvs. Q2 2025SEC
Q2 2025Jul 10, 202549$495.9MMakemytrip Limited MauritiusPAMBABAvs. Q1 2025SEC
Q1 2025Apr 22, 202554$669.6MPAMBMABABAvs. Q4 2024SEC
Q4 2024Jun 16, 2026Amended56$689.0MBMAPAMTSMvs. Q3 2024SEC
Q3 2024Nov 18, 202457$814.9MYPFVISTAUvs. Q2 2024SEC
Q2 2024Aug 14, 202456$781.5MYPFHDBVISTvs. Q1 2024SEC
Q1 2024May 14, 202444$1.06BMELIYPFVISTvs. Q4 2023SEC
Q4 2023Feb 29, 202444$783.3MMELIYPFVISTvs. Q3 2023SEC
Q3 2023Nov 14, 202342$669.2MMELIQFINPBRvs. Q2 2023SEC
Q2 2023Aug 1, 2023Amended39$601.4MQFINTSMAUvs. Q1 2023SEC
Q1 2023May 10, 202351$913.4MTSMQFINAUvs. Q4 2022SEC
Q4 2022Feb 7, 202344$1.02BQFINBABAJDvs. Q3 2022SEC
Q3 2022Nov 18, 202235$885.6MQFINBarrick Gold CorpBABAvs. Q2 2022SEC
Q2 2022Aug 16, 202238$1.15BBABAQFINBarrick Gold Corpvs. Q1 2022SEC
Q1 2022May 16, 202250$1.43BBABAQFINRenew Energy Global PLC-Avs. Q4 2021SEC
Q4 2021Feb 15, 202246$1.50BCXQFINGLOBvs. Q3 2021SEC
Q3 2021Nov 15, 202165$1.80BVNETCXRNWvs. Q2 2021SEC
Q2 2021Aug 6, 202171$2.18BQFINVNETPBRvs. Q1 2021SEC
Q1 2021May 14, 202164$1.87BVALEQFINVNET–SEC