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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
+19.86%
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
$238M
AUM Growth
-$76.7M
(-24%)
Cap. Flow
-$109M
Cap. Flow
% of AUM
-45.82%
Top 10 Holdings %
Top 10 Hldgs %
98.4%
Holding
16
New
5
Increased
1
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$11.2M |
| 2 |
Alibaba
BABA
|
+$10.7M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.62M |
| 4 |
Vale
VALE
|
+$1.42M |
| 5 |
Southern Copper
SCCO
|
+$1.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$30.5M |
| 2 |
Copa Holdings
CPA
|
+$23.6M |
| 3 |
Golar LNG
GLNG
|
+$8.85M |
| 4 |
Gerdau
GGB
|
+$7.68M |
| 5 |
NBIS
Nebius Group N.V.
NBIS
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.83% |
| 2 | Financials | 14.68% |
| 3 | Energy | 11.96% |
| 4 | Communication Services | 10.43% |
| 5 | Materials | 4.86% |
| 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
| $82.1M | 34.54% |
290,800
-21,200
| -7% | -$5.76M |
|
2
ICICI Bank
IBN
$109B
| $33.9M | 14.26% |
2,958,817
-59,352
| -2% | -$617K |
|
|
3
Alibaba
BABA
$276B
| $31.5M | 13.25% |
172,723
+63,755
| +59% | +$10.7M |
|
|
NBIS
4
Nebius Group N.V.
NBIS
$43.1B
| $24.8M | 10.43% |
722,435
-193,006
| -21% | -$6.4M |
|
5
Petrobras
PBR
$116B
| $14.3M | 5.99% |
895,135
-205,759
| -19% | -$3.27M |
|
|
6
Golar LNG
GLNG
$4.95B
| $14.2M | 5.97% |
673,124
-401,307
| -37% | -$8.85M |
|
|
7
JD.com
JD
$42.9B
| $13.3M | 5.58% |
+440,159
| New | +$11.2M |
|
|
8
Gerdau
GGB
$9.72B
| $8.75M | 3.68% |
2,840,100
-2,368,320
| -45% | -$7.68M |
|
|
AZUL
9
DELISTED
Azul
AZUL
| $7.42M | 3.12% |
253,939
-92,410
| -27% | -$2.76M |
|
|
10
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $3.76M | 1.58% |
+13,327
| New | +$3.62M |
|
|
11
Vale
VALE
$62.6B
| $1.43M | 0.6% |
+109,522
| New | +$1.42M |
|
|
12
Southern Copper
SCCO
$140B
| $1.38M | 0.58% |
+37,518
| New | +$1.2M |
|
13
HDFC Bank
HDB
$121B
| $997K | 0.42% |
+34,400
| New | +$892K |
|
|
14
Copa Holdings
CPA
$5.71B
| – | – |
-299,527
| Closed | -$23.6M |
|
|
15
iShares MSCI Emerging Markets ETF
EEM
$28B
| – | – |
-779,633
| Closed | -$30.5M |
|
|
16
CALL
Golar LNG
GLNG
$4.95B
| – | – |
-2,236,100
| Closed | -$48.7M |
|
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Carrhae Capital's Q1 2019 Portfolio in Review
As of Q1 2019, Carrhae Capital held 16 positions worth $238M, down 24% from $315M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Carrhae Capital withdrew a net $109M in Q1 2019, closing 3 positions and reducing 7 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $30.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 4.7% a quarter earlier, followed by Financials and Energy.
Against the trend, Carrhae Capital opened a new position in JD.com worth $13.3M.
- Carrhae Capital's largest Q1 2019 buy was JD.com: 440,159 shares worth $13.3M.
- Carrhae Capital added most to Alibaba in Q1 2019, an estimated $10.7M increase.
- Carrhae Capital's biggest Q1 2019 reduction was Golar LNG, cutting an estimated $8.85M.
- Carrhae Capital fully exited iShares MSCI Emerging Markets ETF in Q1 2019, selling an estimated $30.5M.
- Carrhae Capital's ten largest holdings make up 98% of its $238M portfolio in Q1 2019.
- Carrhae Capital opened 5 new positions and closed 3 in Q1 2019.
- Carrhae Capital's portfolio value fell 24% quarter-over-quarter to $238M.
Based on Carrhae Capital's 13F filing for Q1 2019, filed 27 Nov 2024.