Carrhae Capital LLP
CIK 0001555254
Annualised vol
2.221982%
Beta
0.05077
HHI
1266.926339
Top-10 weight
76.343547%
VaR 95%
0.178978%
VaR 99%
0.385855%
Max drawdown
3.577888%
Matched value
17.604805%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SE | NEW | 1,466,148 | - | - | 140,500,963 |
| EMBJ | REDUCED | 2,029,766 | 2,888,680 | -29.73% | 129,499,071 |
| IBN | REDUCED | 3,496,179 | 5,039,743 | -30.63% | 101,494,076 |
| AU | ADDED | 756,610 | 252,966 | 199.1% | 61,202,183 |
| PPC | NEW | 1,856,460 | - | - | 52,185,091 |
| NTES | ADDED | 306,577 | 69,167 | 343.24% | 39,284,777 |
| SLB | ADDED | 834,322 | 556,816 | 49.84% | 38,787,630 |
| CPNG | NEW | 2,198,457 | - | - | 38,187,198 |
| HAL | ADDED | 726,193 | 597,721 | 21.49% | 24,654,252 |
| VNET | REDUCED | 1,467,195 | 1,513,055 | -3.03% | 11,796,248 |
| JBS | CLOSED OUT | 0 | 2,546,345 | -100.0% | 0 |
| HSAI | CLOSED OUT | 0 | 1,568,343 | -100.0% | 0 |
| RNW | CLOSED OUT | 0 | 1,277,071 | -100.0% | 0 |
| PDD | CLOSED OUT | 0 | 515,274 | -100.0% | 0 |
| VIST | CLOSED OUT | 0 | 79,692 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 1,063,361,600 | 29.36 | 1444000.0 | |
| - | ISHARES TR | MSCI EMG MKT ETF | 464287234 | 549,181,798 | 15.16 | 8027800.0 | |
| - | SPDR GOLD TR | GOLD SHS | 78463V107 | 223,975,040 | 6.18 | 608000.0 | |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 197,979,509 | 5.47 | 414556.0 | |
| SE | NEW | SEA LTD | SPONSORD ADS | 81141R100 | 140,500,963 | 3.88 | 1466148.0 |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 138,287,984 | 3.82 | 1440800.0 | |
| EMBJ | REDUCED | EMBRAER S.A. | SPONSORED ADS | 29082A107 | 129,499,071 | 3.58 | 2029766.0 |
| - | ELDORADO GOLD CORP NEW | COM | 284902509 | 121,535,069 | 3.36 | 3909137.0 | |
| IBN | REDUCED | ICICI BANK LIMITED | ADR | 45104G104 | 101,494,076 | 2.8 | 3496179.0 |
| - | GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 99,111,583 | 2.74 | 3300419.0 | |
| - | PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 | 87,456,449 | 2.41 | 5411909.0 | |
| - | ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | 78,783,359 | 2.18 | 9643006.0 | |
| - | GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 | 68,051,807 | 1.88 | 1360220.0 | |
| - | KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | 65,863,452 | 1.82 | 2691600.0 | |
| - | ASML HLDG NV | N Y REGISTRY SHS | N07059210 | 63,773,489 | 1.76 | 32056.0 | |
| - | UNITED STS OIL FD LP | UNITS | 91232N207 | 63,523,392 | 1.75 | 596800.0 | |
| - | COPA HOLDINGS SA | CL A | P31076105 | 62,268,759 | 1.72 | 400262.0 | |
| AU | ADDED | ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 | 61,202,183 | 1.69 | 756610.0 |
| PPC | NEW | PILGRIMS PRIDE CORP | COM | 72147K108 | 52,185,091 | 1.44 | 1856460.0 |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 48,005,357 | 1.33 | 500160.0 | |
| NTES | ADDED | NETEASE COM INC | SPONSORED ADS | 64110W102 | 39,284,777 | 1.08 | 306577.0 |
| SLB | ADDED | SLB LIMITED | COM STK | 806857108 | 38,787,630 | 1.07 | 834322.0 |
| CPNG | NEW | COUPANG INC | CL A | 22266T109 | 38,187,198 | 1.05 | 2198457.0 |
| HAL | ADDED | HALLIBURTON CO | COM | 406216101 | 24,654,252 | 0.68 | 726193.0 |
| - | BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 | 15,560,420 | 0.43 | 4484271.0 | |
| - | TENARIS S A | SPONSORED ADS | 88031M109 | 15,443,477 | 0.43 | 278311.0 | |
| - | MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 | 11,797,607 | 0.33 | 221385.0 | |
| VNET | REDUCED | VNET GROUP INC | SPONSORED ADS A | 90138A103 | 11,796,248 | 0.33 | 1467195.0 |
| - | KE HLDGS INC | SPONSORED ADS | 482497104 | 10,138,453 | 0.28 | 697760.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-15 | 3,621,690,093 | 29 | 2.221982 | 0.05077 | 3.577888 |
| 2026-03-31 | 2026-05-14 | 3,336,949,917 | 29 | 1.812292 | 0.031565 | 3.135534 |
| 2025-12-31 | 2026-02-06 | 2,643,321,233 | 35 | 2.958176 | 0.062956 | 5.368284 |
| 2025-09-30 | 2025-11-20 | 1,697,770,423 | 27 | 4.584709 | 0.11059 | 6.042944 |
| 2025-03-31 | 2025-05-02 | 1,366,933,007 | 24 | 3.484167 | 0.046904 | 5.827231 |
| 2024-12-31 | 2025-02-11 | 1,195,435,016 | 25 | 4.829922 | 0.098986 | 6.708599 |