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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
+11.2%
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
$562M
AUM Growth
+$56.3M
Cap. Flow
+$15.4M
Cap. Flow %
2.74%
Top 10 Hldgs %
76.76%
Holding
28
New
7
Increased
5
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$23.6M
2
YMM icon
Full Truck Alliance
YMM
+$22.5M
3
NTES icon
NetEase
NTES
+$18.7M
4
EMBJ
Embraer S.A. ADS
EMBJ
+$15.8M
5
MMYT icon
MakeMyTrip
MMYT
+$11.1M

Top Sells

Rank Stock Value
1
TS icon
Tenaris
TS
+$23.6M
2
BIDU icon
Baidu
BIDU
+$18.1M
3
XP icon
XP
XP
+$16.7M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$16M
5
CPA icon
Copa Holdings
CPA
+$13.5M

Sector Composition

Rank Sector Weight
1 Materials 28.92%
2 Technology 16.57%
3 Financials 13.61%
4 Consumer Discretionary 10.76%
5 Consumer Staples 8.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGO icon
1
Eldorado Gold
EGO
$8.4B
$85.7M 15.25%
6,093,156
+609,275
+11% +$7.41M
TSM icon
2
TSMC
TSM
$2.03T
$63.3M 11.25%
464,914
-3,096
-0.7% -$385K
IBN icon
3
ICICI Bank
IBN
$109B
$51M 9.06%
1,929,382
-70,192
-4% -$1.75M
FXI icon
4
CALL
iShares China Large-Cap ETF
FXI
$4.27B
$45.8M 8.14%
+1,902,500
New +$43.9M
AU icon
5
AngloGold Ashanti
AU
$39.9B
$44.9M 7.98%
2,022,263
+147,857
+8% +$2.79M
NTES icon
6
NetEase
NTES
$81.5B
$40.2M 7.14%
388,115
+182,910
+89% +$18.7M
FMX icon
7
Fomento Económico Mexicano
FMX
$43.5B
$26.9M 4.78%
206,370
-71,304
-26% -$9.31M
XP icon
8
XP
XP
$8.68B
$25.6M 4.54%
995,857
-665,654
-40% -$16.7M
YMM icon
9
Full Truck Alliance
YMM
$9.64B
$24.6M 4.37%
+3,378,147
New +$22.5M
YUMC icon
10
Yum China
YUMC
$15.6B
$23.8M 4.24%
+598,622
New +$23.6M
EMBJ
11
Embraer S.A. ADS
EMBJ
$12.3B
$21.2M 3.77%
+795,066
New +$15.8M
EDU icon
12
New Oriental
EDU
$8.08B
$18.5M 3.3%
213,442
-70,984
-25% -$6.03M
FNV icon
13
Franco-Nevada
FNV
$40.6B
$18.5M 3.28%
154,886
+97,118
+168% +$10.7M
MMYT icon
14
MakeMyTrip
MMYT
$5.1B
$13.9M 2.47%
+195,421
New +$11.1M
RIO icon
15
Rio Tinto
RIO
$149B
$13.5M 2.4%
211,880
-124,857
-37% -$8.36M
BABA icon
16
Alibaba
BABA
$276B
$11.8M 2.09%
162,396
-133,887
-45% -$9.81M
PDD icon
17
Pinduoduo
PDD
$122B
$11.1M 1.97%
95,231
+3,257
+4% +$427K
RNW icon
18
ReNew
RNW
$2.22B
$11M 1.96%
1,836,579
– –
DLO icon
19
CALL
dLocal
DLO
$4.38B
$5.88M 1.05%
+400,000
New +$6.69M
DLO icon
20
dLocal
DLO
$4.38B
$5.35M 0.95%
+364,176
New +$6.09M
RNWWW
21
ReNew Energy Global PLC Warrant
RNWWW
$63K
$32.5K 0.01%
64,966
– –
BAP icon
22
Credicorp
BAP
$30.9B
– –
-47,668
Closed -$7.15M
BIDU icon
23
Baidu
BIDU
$35.7B
– –
-152,173
Closed -$18.1M
CPA icon
24
Copa Holdings
CPA
$5.71B
– –
-126,622
Closed -$13.5M
NU icon
25
Nu Holdings
NU
$70.9B
– –
-1,397,013
Closed -$11.6M
1
2

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ACM
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GCM
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VI
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JFG
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SPC
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Carrhae Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Carrhae Capital held 28 positions worth $562M, up 11% from $506M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Carrhae Capital's Q1 2024 filing shows 7 new, 5 increased, 7 reduced and 7 closed positions. Its largest new stake was Yum China: 598,622 shares worth $23.8M. The largest sale was Tenaris, an estimated $23.6M.

By sector, the portfolio is most concentrated in Materials at 29% of assets, up from 27% a quarter earlier, followed by Technology and Financials.

  • Carrhae Capital's largest Q1 2024 buy was Yum China: 598,622 shares worth $23.8M.
  • Carrhae Capital added most to NetEase in Q1 2024, an estimated $18.7M increase.
  • Carrhae Capital's biggest Q1 2024 reduction was XP, cutting an estimated $16.7M.
  • Carrhae Capital fully exited Tenaris in Q1 2024, selling an estimated $23.6M.
  • Carrhae Capital's ten largest holdings make up 77% of its $562M portfolio in Q1 2024.
  • Carrhae Capital opened 7 new positions and closed 7 in Q1 2024.
  • Carrhae Capital's portfolio value rose 11% quarter-over-quarter to $562M.

Based on Carrhae Capital's 13F filing for Q1 2024, filed 21 Aug 2024.