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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
-0.02%
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
$227M
AUM Growth
-$88.2M
Cap. Flow
-$89.9M
Cap. Flow %
-39.64%
Top 10 Hldgs %
94.16%
Holding
25
New
4
Increased
2
Reduced
7
Closed
11

Top Buys

Rank Stock Value
1
SQM icon
Sociedad Química y Minera de Chile
SQM
+$17.8M
2
TSM icon
TSMC
TSM
+$16.4M
3
FMX icon
Fomento Económico Mexicano
FMX
+$14.8M
4
KOS icon
Kosmos Energy
KOS
+$6.7M
5
ALB icon
Albemarle
ALB
+$4.18M

Top Sells

Rank Stock Value
1
TCOM icon
Trip.com Group
TCOM
+$25.7M
2
BKR icon
Baker Hughes
BKR
+$17.1M
3
IBN icon
ICICI Bank
IBN
+$13M
4
AU icon
AngloGold Ashanti
AU
+$12.3M
5
NTES icon
NetEase
NTES
+$11.5M

Sector Composition

Rank Sector Weight
1 Materials 29.96%
2 Technology 22.14%
3 Consumer Discretionary 18.66%
4 Financials 11.5%
5 Consumer Staples 7.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.03T
$50.2M 22.14%
497,409
+176,461
+55% +$16.4M
EGO icon
2
Eldorado Gold
EGO
$8.4B
$35.3M 15.57%
3,495,117
-441,073
-11% -$4.67M
BABA icon
3
Alibaba
BABA
$276B
$30.6M 13.5%
367,183
+27,062
+8% +$2.37M
IBN icon
4
ICICI Bank
IBN
$109B
$26.1M 11.5%
1,129,787
-573,503
-34% -$13M
SQM icon
5
Sociedad Química y Minera de Chile
SQM
$19.1B
$18.2M 8.03%
+250,750
New +$17.8M
FMX icon
6
Fomento Económico Mexicano
FMX
$43.5B
$16.4M 7.21%
+147,561
New +$14.8M
MMYT icon
7
MakeMyTrip
MMYT
$5.1B
$11.7M 5.17%
434,209
-95,127
-18% -$2.44M
RNW icon
8
ReNew
RNW
$2.22B
$8.71M 3.84%
1,588,596
-131,204
-8% -$718K
BKR icon
9
Baker Hughes
BKR
$58B
$8.67M 3.82%
274,202
-588,189
-68% -$17.1M
AU icon
10
AngloGold Ashanti
AU
$39.9B
$7.69M 3.39%
364,815
-487,461
-57% -$12.3M
KOS icon
11
Kosmos Energy
KOS
$1.39B
$6.16M 2.72%
+1,028,684
New +$6.7M
ALB icon
12
Albemarle
ALB
$13.3B
$4.56M 2.01%
+20,428
New +$4.18M
FCX icon
13
Freeport-McMoran
FCX
$88.6B
$2.18M 0.96%
54,398
-34,838
-39% -$1.33M
RNW icon
14
CALL
ReNew
RNW
$2.22B
$356K 0.16%
64,965
– –
BAP icon
15
Credicorp
BAP
$30.9B
– –
-33,819
Closed -$4.48M
GDX icon
16
VanEck Gold Miners ETF
GDX
$22.7B
– –
-72,001
Closed -$2.33M
GGB icon
17
Gerdau
GGB
$9.72B
– –
-1,662,028
Closed -$6.83M
IEF icon
18
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
– –
-73,233
Closed -$7.26M
JD icon
19
JD.com
JD
$42.9B
– –
-174,702
Closed -$7.67M
NTES icon
20
NetEase
NTES
$81.5B
– –
-130,416
Closed -$11.5M
SLB icon
21
SLB Ltd
SLB
$74.2B
– –
-228,542
Closed -$11.2M
TCOM icon
22
Trip.com Group
TCOM
$28.5B
– –
-681,258
Closed -$25.7M
TX icon
23
Ternium
TX
$9.68B
– –
-157,319
Closed -$6.49M
VIST icon
24
Vista Energy
VIST
$7.16B
– –
-472,594
Closed -$9.35M
YPF icon
25
YPF
YPF
$19.5B
– –
-713,354
Closed -$7.83M

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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 2023 Portfolio in Review

As of Q2 2023, Carrhae Capital held 25 positions worth $227M, down 28% from $315M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Carrhae Capital withdrew a net $89.9M in Q2 2023, closing 11 positions and reducing 7 holdings. Its most notable exit was Trip.com Group, an estimated $25.7M position sold in full.

By sector, the portfolio is most concentrated in Materials at 30% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Carrhae Capital opened a new position in Sociedad Química y Minera de Chile worth $18.2M.

  • Carrhae Capital's largest Q2 2023 buy was Sociedad Química y Minera de Chile: 250,750 shares worth $18.2M.
  • Carrhae Capital added most to TSMC in Q2 2023, an estimated $16.4M increase.
  • Carrhae Capital's biggest Q2 2023 reduction was Baker Hughes, cutting an estimated $17.1M.
  • Carrhae Capital fully exited Trip.com Group in Q2 2023, selling an estimated $25.7M.
  • Carrhae Capital's ten largest holdings make up 94% of its $227M portfolio in Q2 2023.
  • Carrhae Capital opened 4 new positions and closed 11 in Q2 2023.
  • Carrhae Capital's portfolio value fell 28% quarter-over-quarter to $227M.

Based on Carrhae Capital's 13F filing for Q2 2023, filed 27 Nov 2024.