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Carrhae Capital Portfolio holdings

AUM $3.62B
1-Year Est. Return 34.35%
This Fund
S&P 500
This Quarter Est. Return
-2.66%
1 Year Est. Return
+34.35%
3 Year Est. Return
+159.37%
5 Year Est. Return
+138.22%
10 Year Est. Return
+750.7%
AUM
$1.2B
AUM Growth
+$320M
Cap. Flow
+$369M
Cap. Flow %
30.83%
Top 10 Hldgs %
73.13%
Holding
29
New
7
Increased
10
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
AU icon
AngloGold Ashanti
AU
+$56.9M
2
BEKE icon
KE Holdings
BEKE
+$36M
3
JD icon
JD.com
JD
+$32M
4
EMBJ
Embraer S.A. ADS
EMBJ
+$31.2M
5
EDU icon
New Oriental
EDU
+$23M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$76.9M
2
PDD icon
Pinduoduo
PDD
+$45.1M
3
GDX icon
VanEck Gold Miners ETF
GDX
+$43.1M
4
FCX icon
Freeport-McMoran
FCX
+$23.1M
5
BAP icon
Credicorp
BAP
+$21.3M

Sector Composition

Rank Sector Weight
1 Materials 17.27%
2 Industrials 13.35%
3 Consumer Discretionary 11.06%
4 Consumer Staples 9.48%
5 Technology 6.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
26
Alibaba
BABA
$276B
– –
-724,856
Closed -$76.9M
FCX icon
27
Freeport-McMoran
FCX
$88.6B
– –
-463,275
Closed -$23.1M
GDX icon
28
VanEck Gold Miners ETF
GDX
$22.7B
– –
-1,081,695
Closed -$43.1M
VALE icon
29
Vale
VALE
$62.6B
– –
-1,749,987
Closed -$20.4M
1
2

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GCM
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VI
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JFG
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SL
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Carrhae Capital's Q4 2024 Portfolio in Review

As of Q4 2024, Carrhae Capital held 29 positions worth $1.2B, up 37% from $876M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Carrhae Capital deployed $369M of net new capital in Q4 2024, opening 7 new positions and adding to 10 existing holdings. Its largest new stake was KE Holdings: 1,745,724 shares worth $32.2M.

By sector, the portfolio is most concentrated in Materials at 17% of assets, down from 24% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Pinduoduo, an estimated $45.1M trimmed.

  • Carrhae Capital's largest Q4 2024 buy was KE Holdings: 1,745,724 shares worth $32.2M.
  • Carrhae Capital added most to AngloGold Ashanti in Q4 2024, an estimated $56.9M increase.
  • Carrhae Capital's biggest Q4 2024 reduction was Pinduoduo, cutting an estimated $45.1M.
  • Carrhae Capital fully exited Alibaba in Q4 2024, selling an estimated $76.9M.
  • Carrhae Capital's ten largest holdings make up 73% of its $1.2B portfolio in Q4 2024.
  • Carrhae Capital opened 7 new positions and closed 4 in Q4 2024.
  • Carrhae Capital's portfolio value rose 37% quarter-over-quarter to $1.2B.

Based on Carrhae Capital's 13F filing for Q4 2024, filed 11 Feb 2025.