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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
-16.48%
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
$119M
AUM Growth
-$159M
Cap. Flow
-$127M
Cap. Flow %
-107.05%
Top 10 Hldgs %
88.33%
Holding
24
New
6
Increased
4
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
PPC icon
Pilgrim's Pride
PPC
+$16.7M
2
EC icon
Ecopetrol
EC
+$12.6M
3
BKR icon
Baker Hughes
BKR
+$8.8M
4
MELI icon
Mercado Libre
MELI
+$8.67M
5
CPA icon
Copa Holdings
CPA
+$6.55M

Top Sells

Rank Stock Value
1
TSM icon
TSMC
TSM
+$43M
2
JD icon
JD.com
JD
+$20M
3
BABA icon
Alibaba
BABA
+$18.4M
4
EPAM icon
EPAM Systems
EPAM
+$11.4M
5
YUMC icon
Yum China
YUMC
+$11.2M

Sector Composition

Rank Sector Weight
1 Materials 21.56%
2 Consumer Staples 17.46%
3 Consumer Discretionary 16.87%
4 Energy 14.88%
5 Financials 14.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGO icon
1
Eldorado Gold
EGO
$8.4B
$18.4M 15.53%
2,880,070
-372,991
-11% -$3.39M
PPC icon
2
Pilgrim's Pride
PPC
$7.09B
$17.7M 14.95%
+567,488
New +$16.7M
IBN icon
3
ICICI Bank
IBN
$109B
$17.3M 14.58%
974,001
+83,119
+9% +$1.55M
RNW icon
4
ReNew
RNW
$2.22B
$11M 9.25%
1,694,900
– –
EC icon
5
Ecopetrol
EC
$32.5B
$8.62M 7.27%
+793,845
New +$12.6M
MMYT icon
6
MakeMyTrip
MMYT
$5.1B
$7.76M 6.55%
302,093
-140,810
-32% -$3.63M
BKR icon
7
Baker Hughes
BKR
$58B
$7.51M 6.34%
+260,291
New +$8.8M
MELI icon
8
Mercado Libre
MELI
$94.4B
$6.34M 5.35%
+9,951
New +$8.67M
CPA icon
9
Copa Holdings
CPA
$5.71B
$5.89M 4.97%
+92,905
New +$6.55M
MT icon
10
ArcelorMittal
MT
$50.7B
$4.2M 3.54%
185,881
+111,855
+151% +$3.28M
JD icon
11
JD.com
JD
$42.9B
$3.54M 2.98%
55,069
-346,750
-86% -$20M
FMX icon
12
Fomento Económico Mexicano
FMX
$43.5B
$2.97M 2.51%
44,057
+7,166
+19% +$530K
AU icon
13
AngloGold Ashanti
AU
$39.9B
$2.43M 2.05%
164,577
+100,836
+158% +$1.91M
BABA icon
14
Alibaba
BABA
$276B
$2.37M 2%
20,818
-188,116
-90% -$18.4M
TS icon
15
Tenaris
TS
$28.1B
$1.5M 1.27%
58,524
-8,471
-13% -$261K
GGB icon
16
Gerdau
GGB
$9.72B
$517K 0.44%
+151,951
New +$676K
RNW icon
17
CALL
ReNew
RNW
$2.22B
$420K 0.35%
64,965
– –
CIAN
18
DELISTED
Cian PLC American Depositary Shares, each representing one Ordinary Share
CIAN
$85.8K 0.07%
88,441
– –
EPAM icon
19
EPAM Systems
EPAM
$5.25B
– –
-38,583
Closed -$11.4M
GDS icon
20
GDS Holdings
GDS
$6.14B
– –
-259,164
Closed -$10.2M
KOS icon
21
Kosmos Energy
KOS
$1.39B
– –
-1,232,989
Closed -$8.87M
SPY icon
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
– –
-128,000
Closed -$57.8M
TSM icon
23
TSMC
TSM
$2.03T
– –
-412,213
Closed -$43M
YUMC icon
24
Yum China
YUMC
$15.6B
– –
-268,922
Closed -$11.2M

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SCM
Saba Capital Management New York $3.62B AUM 13% 1-Year Est. Return
ACM
Advent Capital Management New York $3.63B AUM 0.29% 1-Year Est. Return
GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
JFG
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
Sigma Planning Corp Ann Arbor, Michigan $3.6B AUM 24.57% 1-Year Est. Return

Carrhae Capital's Q2 2022 Portfolio in Review

As of Q2 2022, Carrhae Capital held 24 positions worth $119M, down 57% from $277M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Carrhae Capital withdrew a net $127M in Q2 2022, closing 6 positions and reducing 5 holdings. Its most notable exit was TSMC, an estimated $43M position sold in full.

By sector, the portfolio is most concentrated in Materials at 22% of assets, up from 15% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.

Against the trend, Carrhae Capital opened a new position in Pilgrim's Pride worth $17.7M.

  • Carrhae Capital's largest Q2 2022 buy was Pilgrim's Pride: 567,488 shares worth $17.7M.
  • Carrhae Capital added most to ArcelorMittal in Q2 2022, an estimated $3.28M increase.
  • Carrhae Capital's biggest Q2 2022 reduction was JD.com, cutting an estimated $20M.
  • Carrhae Capital fully exited TSMC in Q2 2022, selling an estimated $43M.
  • Carrhae Capital's ten largest holdings make up 88% of its $119M portfolio in Q2 2022.
  • Carrhae Capital opened 6 new positions and closed 6 in Q2 2022.
  • Carrhae Capital's portfolio value fell 57% quarter-over-quarter to $119M.

Based on Carrhae Capital's 13F filing for Q2 2022, filed 27 Nov 2024.