Carrhae Capital’s NetEase NTES Stock Holding History

Carrhae Capital’s Portfolio NTES Stock Details NTES Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q3	–	Sell	-306,577	Closed	-$39.3M	–	37
2026 Q2	$39.3M	Buy	306,577 +237,410	+343%	+$28M	1.08%	21
2026 Q1	$7.74M	Buy	+69,167	New	+$8.58M	0.23%	26
2024 Q2	–	Sell	-388,115	Closed	-$40.2M	–	25
2024 Q1	$40.2M	Buy	388,115 +182,910	+89%	+$18.7M	7.14%	6
2023 Q4	$19.1M	Buy	+205,205	New	+$21.8M	3.78%	11
2023 Q2	–	Sell	-130,416	Closed	-$11.5M	–	20
2023 Q1	$11.5M	Buy	130,416 +29,417	+29%	+$2.54M	3.66%	9
2022 Q4	$7.34M	Buy	+100,999	New	+$6.87M	1.55%	15
2022 Q1	–	Sell	-206,344	Closed	-$21M	–	19
2021 Q4	$21M	Buy	+206,344	New	+$21M	7.2%	3
2021 Q1	–	Sell	-117,881	Closed	-$11.3M	–	15
2020 Q4	$11.3M	Buy	117,881 +56,981	+94%	+$5.11M	6.03%	6
2020 Q3	$5.54M	Sell	60,900 -53,610	-47%	-$5.04M	3.27%	9
2020 Q2	$9.8M	Buy	+114,510	New	+$8.62M	6.28%	4

Other funds holding NTES

Ninety One (UK) London, United Kingdom $45.5B AUM 15.2% 1-Year Est. Return

Temasek Holdings Singapore $36.7B AUM 6.83% 1-Year Est. Return

Ninety One North America New York $2.13B AUM 8.8% 1-Year Est. Return

Todd Asset Management Louisville, Kentucky $5.51B AUM 33.77% 1-Year Est. Return

BI Asset Management Fondsmaeglerselskab Kobenhavn, Denmark $13.1B AUM 35.37% 1-Year Est. Return

Swedbank Stockholm, Sweden $118B AUM 40.52% 1-Year Est. Return

Perpetual Ltd Sydney, New South Wales, Australia $6.57B AUM 14.15% 1-Year Est. Return

AssetMark Inc Concord, California $59.5B AUM 15.92% 1-Year Est. Return

Crossmark Global Holdings Houston, Texas $7.69B AUM 31.68% 1-Year Est. Return

Robeco Institutional Asset Management Rotterdam, Netherlands $83.2B AUM 35.34% 1-Year Est. Return

Carrhae Capital's NTES Position: Q3 2026 in Review

Carrhae Capital sold out of NetEase (NTES) in Q3 2026, closing a stake of 306,577 shares — an estimated $39.3M sold.

Carrhae Capital first reported a position in NTES in Q2 2020 and held it in 10 quarters. The position peaked at $40.2M in Q1 2024. 112 funds tracked by Wall St. Rank hold NTES as of Q3 2026.

Carrhae Capital reported no remaining NetEase position as of Q3 2026 after selling out during the quarter.
Carrhae Capital sold 306,577 NetEase shares in Q3 2026, an estimated $39.3M.
Carrhae Capital first reported a position in NetEase in Q2 2020 and held it in 10 quarters.
Carrhae Capital's NetEase position peaked at $40.2M in Q1 2024.
112 funds tracked by Wall St. Rank held NetEase as of Q3 2026.

Based on Carrhae Capital's 13F filing for Q3 2026, filed 20 Oct 2026.