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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
+16.1%
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
$97.6M
AUM Growth
-$268M
(-73%)
Cap. Flow
-$269M
Cap. Flow
% of AUM
-276%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
2
Increased
2
Reduced
1
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gerdau
GGB
|
+$26.3M |
| 2 |
NBIS
Nebius Group N.V.
NBIS
|
+$12.6M |
| 3 |
LOMA
Loma Negra
LOMA
|
+$9.05M |
| 4 |
Cemex
CX
|
+$2.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VEON
VEON
|
+$45.8M |
| 2 |
Credicorp
BAP
|
+$15.9M |
| 3 |
MBT
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
|
+$2.53M |
| 4 |
JD.com
JD
|
+$1.55M |
| 5 |
Alibaba
BABA
|
+$391K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 43.5% |
| 2 | Communication Services | 37.39% |
| 3 | Consumer Discretionary | 1.08% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NBIS
1
Nebius Group N.V.
NBIS
$42.8B
| $36.5M | 37.39% |
925,070
+320,860
| +53% | +$12.6M |
|
|
2
Gerdau
GGB
$9.74B
| $26.5M | 27.14% |
+7,161,569
| New | +$26.3M |
|
3
CALL
Golar LNG
GLNG
$4.95B
| $17.6M | 18.02% |
642,900
| – | – |
|
|
LOMA
4
Loma Negra
LOMA
$1.34B
| $13.5M | 13.84% |
633,396
+398,394
| +170% | +$9.05M |
|
|
5
Cemex
CX
$17.3B
| $2.47M | 2.53% |
+372,900
| New | +$2.79M |
|
|
6
JD.com
JD
$42.7B
| $1.06M | 1.08% |
26,100
-34,210
| -57% | -$1.55M |
|
|
7
Alibaba
BABA
$277B
| – | – |
-2,265
| Closed | -$391K |
|
|
8
Credicorp
BAP
$31.1B
| – | – |
-76,851
| Closed | -$15.9M |
|
9
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.1B
| – | – |
-1,109,800
| Closed | -$52.3M |
|
10
PUT
Rio Tinto
RIO
$149B
| – | – |
-657,500
| Closed | -$34.8M |
|
11
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| – | – |
-625,000
| Closed | -$167M |
|
|
12
VEON
VEON
$3.57B
| – | – |
-477,072
| Closed | -$45.8M |
|
|
MBT
13
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| – | – |
-248,000
| Closed | -$2.53M |
|
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Carrhae Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Carrhae Capital held 13 positions worth $97.6M, down 73% from $365M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Carrhae Capital withdrew a net $269M in Q1 2018, closing 7 positions and reducing 1 holding. Its most notable exit was VEON, an estimated $45.8M position sold in full.
By sector, the portfolio is most concentrated in Materials at 44% of assets, up from 1.5% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Carrhae Capital opened a new position in Gerdau worth $26.5M.
- Carrhae Capital's largest Q1 2018 buy was Gerdau: 7,161,569 shares worth $26.5M.
- Carrhae Capital added most to Nebius Group N.V. in Q1 2018, an estimated $12.6M increase.
- Carrhae Capital's biggest Q1 2018 reduction was JD.com, cutting an estimated $1.55M.
- Carrhae Capital fully exited VEON in Q1 2018, selling an estimated $45.8M.
- Carrhae Capital's ten largest holdings make up 100% of its $97.6M portfolio in Q1 2018.
- Carrhae Capital opened 2 new positions and closed 7 in Q1 2018.
- Carrhae Capital's portfolio value fell 73% quarter-over-quarter to $97.6M.
Based on Carrhae Capital's 13F filing for Q1 2018, filed 27 Nov 2024.