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CC
Carrhae Capital Portfolio holdings
AUM
$3.62B
1-Year Est. Return
34.35%
This Fund
S&P 500
This Quarter
Est. Return
-3.33%
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
$365M
AUM Growth
-$25.4M
(-6.5%)
Cap. Flow
-$65.8M
Cap. Flow
% of AUM
-18.01%
Top 10 Holdings %
Top 10 Hldgs %
99.89%
Holding
15
New
4
Increased
2
Reduced
4
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBIS
Nebius Group N.V.
NBIS
|
+$19.7M |
| 2 |
LOMA
Loma Negra
LOMA
|
+$5.18M |
| 3 |
MBT
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
|
+$2.56M |
| 4 |
JD.com
JD
|
+$2.37M |
| 5 |
VEON
VEON
|
+$229K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$24.5M |
| 2 |
Credicorp
BAP
|
+$13.6M |
| 3 |
AZUL
Azul
AZUL
|
+$12.4M |
| 4 |
Galicia Financial Group
GGAL
|
+$12M |
| 5 |
BITA
Bitauto Holdings Limited
BITA
|
+$4.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.64% |
| 2 | Financials | 4.36% |
| 3 | Materials | 1.48% |
| 4 | Consumer Discretionary | 0.79% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $167M | 45.64% |
625,000
-90,800
| -13% | -$23.6M |
|
2
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
| $52.3M | 14.31% |
1,109,800
| – | – |
|
|
3
VEON
VEON
$3.57B
| $45.8M | 12.53% |
477,072
+2,346
| +0.5% | +$229K |
|
4
PUT
Rio Tinto
RIO
$149B
| $34.8M | 9.52% |
657,500
+39,000
| +6% | +$1.9M |
|
|
NBIS
5
Nebius Group N.V.
NBIS
$43.1B
| $19.8M | 5.42% |
+604,210
| New | +$19.7M |
|
6
CALL
Golar LNG
GLNG
$4.95B
| $19.2M | 5.24% |
642,900
-175,000
| -21% | -$4.21M |
|
|
7
Credicorp
BAP
$30.9B
| $15.9M | 4.36% |
76,851
-65,479
| -46% | -$13.6M |
|
|
LOMA
8
Loma Negra
LOMA
$1.34B
| $5.41M | 1.48% |
+235,002
| New | +$5.18M |
|
|
MBT
9
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $2.53M | 0.69% |
+248,000
| New | +$2.56M |
|
|
10
JD.com
JD
$42.9B
| $2.5M | 0.68% |
+60,310
| New | +$2.37M |
|
|
11
Alibaba
BABA
$276B
| $391K | 0.11% |
2,265
-136,730
| -98% | -$24.5M |
|
|
AZUL
12
DELISTED
Azul
AZUL
| – | – |
-450,328
| Closed | -$12.4M |
|
|
13
Galicia Financial Group
GGAL
$7.9B
| – | – |
-233,265
| Closed | -$12M |
|
|
SUPV
14
Grupo Supervielle
SUPV
$842M
| – | – |
-113,500
| Closed | -$2.8M |
|
|
BITA
15
DELISTED
Bitauto Holdings Limited
BITA
| – | – |
-104,583
| Closed | -$4.67M |
|
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Carrhae Capital's Q4 2017 Portfolio in Review
As of Q4 2017, Carrhae Capital held 15 positions worth $365M, down 6.5% from $391M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Carrhae Capital withdrew a net $65.8M in Q4 2017, closing 4 positions and reducing 4 holdings. Its most notable exit was Azul, an estimated $12.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 19% of assets, up from 13% a quarter earlier, followed by Financials and Materials.
Against the trend, Carrhae Capital opened a new position in Nebius Group N.V. worth $19.8M.
- Carrhae Capital's largest Q4 2017 buy was Nebius Group N.V.: 604,210 shares worth $19.8M.
- Carrhae Capital added most to VEON in Q4 2017, an estimated $229K increase.
- Carrhae Capital's biggest Q4 2017 reduction was Alibaba, cutting an estimated $24.5M.
- Carrhae Capital fully exited Azul in Q4 2017, selling an estimated $12.4M.
- Carrhae Capital's ten largest holdings make up 100% of its $365M portfolio in Q4 2017.
- Carrhae Capital opened 4 new positions and closed 4 in Q4 2017.
- Carrhae Capital's portfolio value fell 6.5% quarter-over-quarter to $365M.
Based on Carrhae Capital's 13F filing for Q4 2017, filed 27 Nov 2024.