Carrhae Capital’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Carrhae Capital’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-20,931	Closed	-$12.3M	–	32
2024 Q4	$12.3M	Sell	20,931 -5,606	-21%	-$3.3M	1.03%	22
2024 Q3	$15.2M	Buy	26,537 +12,442	+88%	+$6.88M	1.74%	20
2024 Q2	$7.67M	Buy	+14,095	New	+$7.38M	0.89%	19
2020 Q2	–	Sell	-29,456	Closed	-$7.59M	–	14
2020 Q1	$7.59M	Buy	+29,456	New	+$8.99M	6.14%	5
2019 Q3	–	Sell	-56,495	Closed	-$16.7M	–	16
2019 Q2	$16.6M	Buy	56,495 +43,168	+324%	+$12.4M	5.18%	8
2019 Q1	$3.76M	Buy	+13,327	New	+$3.62M	1.58%	10
2017 Q1	–	Sell	-23,800	Closed	-$5.53M	–	12
2016 Q4	$5.32M	Buy	+23,800	New	+$5.2M	2.26%	10
2015 Q2	–	Sell	-23,500	Closed	-$4.94M	–	16
2015 Q1	$4.85M	Buy	+23,500	New	+$4.85M	3.11%	7

Other funds holding SPY

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

Carrhae Capital's SPY Position: Q1 2025 in Review

Carrhae Capital sold out of State Street SPDR S&P 500 ETF Trust (SPY) in Q1 2025, closing a stake of 20,931 shares — an estimated $12.3M sold.

Carrhae Capital first reported a position in SPY in Q1 2015 and held it in 8 quarters. The position peaked at $16.6M in Q2 2019. 4,172 funds tracked by Wall St. Rank hold SPY as of Q1 2025.

Carrhae Capital reported no remaining State Street SPDR S&P 500 ETF Trust position as of Q1 2025 after selling out during the quarter.
Carrhae Capital sold 20,931 State Street SPDR S&P 500 ETF Trust shares in Q1 2025, an estimated $12.3M.
Carrhae Capital first reported a position in State Street SPDR S&P 500 ETF Trust in Q1 2015 and held it in 8 quarters.
Carrhae Capital's State Street SPDR S&P 500 ETF Trust position peaked at $16.6M in Q2 2019.
4,172 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q1 2025.

Based on Carrhae Capital's 13F filing for Q1 2025, filed 2 May 2025.