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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
+10.93%
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
$315M
AUM Growth
-$157M
Cap. Flow
-$185M
Cap. Flow %
-58.63%
Top 10 Hldgs %
79.07%
Holding
32
New
8
Increased
6
Reduced
6
Closed
11

Top Buys

Rank Stock Value
1
TCOM icon
Trip.com Group
TCOM
+$25.3M
2
AU icon
AngloGold Ashanti
AU
+$17.3M
3
IBN icon
ICICI Bank
IBN
+$14.6M
4
SLB icon
SLB Ltd
SLB
+$12.1M
5
GGB icon
Gerdau
GGB
+$7.44M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$22.6M
2
MELI icon
Mercado Libre
MELI
+$19M
3
EGO icon
Eldorado Gold
EGO
+$15.2M
4
KOS icon
Kosmos Energy
KOS
+$12.9M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$12.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.73%
2 Materials 24.88%
3 Energy 16.92%
4 Financials 13.09%
5 Technology 9.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGO icon
1
Eldorado Gold
EGO
$8.4B
$40.8M 12.95%
3,936,190
-1,634,046
-29% -$15.2M
IBN icon
2
ICICI Bank
IBN
$109B
$36.8M 11.67%
1,703,290
+700,873
+70% +$14.6M
BABA icon
3
Alibaba
BABA
$276B
$34.8M 11.04%
340,121
-225,608
-40% -$22.6M
TSM icon
4
TSMC
TSM
$2.03T
$29.9M 9.48%
320,948
-12,266
-4% -$1.1M
TCOM icon
5
Trip.com Group
TCOM
$28.5B
$25.7M 8.15%
+681,258
New +$25.3M
BKR icon
6
Baker Hughes
BKR
$58B
$24.9M 7.9%
862,391
-45,613
-5% -$1.38M
AU icon
7
AngloGold Ashanti
AU
$39.9B
$20.6M 6.55%
+852,276
New +$17.3M
MMYT icon
8
MakeMyTrip
MMYT
$5.1B
$13M 4.11%
529,336
+114,880
+28% +$3.05M
NTES icon
9
NetEase
NTES
$81.5B
$11.5M 3.66%
130,416
+29,417
+29% +$2.54M
SLB icon
10
SLB Ltd
SLB
$74.2B
$11.2M 3.56%
+228,542
New +$12.1M
RNW icon
11
ReNew
RNW
$2.22B
$9.67M 3.07%
1,719,800
+24,900
+1% +$133K
VIST icon
12
Vista Energy
VIST
$7.16B
$9.35M 2.97%
472,594
+116,681
+33% +$2M
YPF icon
13
YPF
YPF
$19.5B
$7.83M 2.49%
713,354
-248,950
-26% -$2.74M
JD icon
14
JD.com
JD
$42.9B
$7.67M 2.43%
174,702
+74,087
+74% +$3.83M
IEF icon
15
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
$7.26M 2.3%
73,233
-121,442
-62% -$11.9M
GGB icon
16
Gerdau
GGB
$9.72B
$6.83M 2.17%
+1,662,028
New +$7.44M
TX icon
17
Ternium
TX
$9.68B
$6.49M 2.06%
+157,319
New +$6.18M
BAP icon
18
Credicorp
BAP
$30.9B
$4.48M 1.42%
+33,819
New +$4.54M
FCX icon
19
Freeport-McMoran
FCX
$88.6B
$3.65M 1.16%
+89,236
New +$3.71M
GDX icon
20
VanEck Gold Miners ETF
GDX
$22.7B
$2.33M 0.74%
+72,001
New +$2.18M
RNW icon
21
CALL
ReNew
RNW
$2.22B
$365K 0.12%
64,965
– –
BP icon
22
BP
BP
$107B
– –
-92,972
Closed -$3.25M
HDB icon
23
HDFC Bank
HDB
$121B
– –
-64,924
Closed -$2.22M
IEI icon
24
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
– –
-37,879
Closed -$4.35M
KOS icon
25
Kosmos Energy
KOS
$1.39B
– –
-2,026,536
Closed -$12.9M
1
2

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ACM
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GCM
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VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
JFG
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SL
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SPC
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Carrhae Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Carrhae Capital held 32 positions worth $315M, down 33% from $472M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Carrhae Capital withdrew a net $185M in Q1 2023, closing 11 positions and reducing 6 holdings. Its most notable exit was Mercado Libre, an estimated $19M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, up from 19% a quarter earlier, followed by Materials and Energy.

Against the trend, Carrhae Capital opened a new position in Trip.com Group worth $25.7M.

  • Carrhae Capital's largest Q1 2023 buy was Trip.com Group: 681,258 shares worth $25.7M.
  • Carrhae Capital added most to ICICI Bank in Q1 2023, an estimated $14.6M increase.
  • Carrhae Capital's biggest Q1 2023 reduction was Alibaba, cutting an estimated $22.6M.
  • Carrhae Capital fully exited Mercado Libre in Q1 2023, selling an estimated $19M.
  • Carrhae Capital's ten largest holdings make up 79% of its $315M portfolio in Q1 2023.
  • Carrhae Capital opened 8 new positions and closed 11 in Q1 2023.
  • Carrhae Capital's portfolio value fell 33% quarter-over-quarter to $315M.

Based on Carrhae Capital's 13F filing for Q1 2023, filed 27 Nov 2024.