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NOSC
North of South Capital Portfolio holdings
AUM
$1.36B
1-Year Est. Return
26.43%
This Fund
S&P 500
This Quarter
Est. Return
+5.64%
1 Year Est. Return
+26.43%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.36B
AUM Growth
+$246M
(+22%)
Cap. Flow
+$199M
Cap. Flow
% of AUM
14.68%
Top 10 Holdings %
Top 10 Hldgs %
90.47%
Holding
32
New
3
Increased
11
Reduced
10
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yum China
YUMC
|
+$70.3M |
| 2 |
JD.com
JD
|
+$66.3M |
| 3 |
HDFC Bank
HDB
|
+$39.9M |
| 4 |
Kaspi.kz JSC
KSPI
|
+$35.4M |
| 5 |
YPF Sociedad Anonima ADS
YPF
|
+$23.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$31M |
| 2 |
Pan American Silver
PAAS
|
+$29.6M |
| 3 |
Laureate Education
LAUR
|
+$12M |
| 4 |
United Microelectronic
UMC
|
+$6.06M |
| 5 |
Autohome
ATHM
|
+$4.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.76% |
| 2 | Financials | 21.77% |
| 3 | Consumer Discretionary | 17.29% |
| 4 | Energy | 15.71% |
| 5 | Communication Services | 13.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
ICICI Bank
IBN
$105B
| $252M | 18.57% |
8,690,448
+250,476
| +3% | +$6.77M |
|
|
2
YPF Sociedad Anonima ADS
YPF
$21.8B
| $183M | 13.47% |
4,023,562
+499,310
| +14% | +$23.4M |
|
|
3
JD.com
JD
$36.5B
| $170M | 12.49% |
6,661,845
+2,250,164
| +51% | +$66.3M |
|
|
4
TSMC
TSM
$2.25T
| $158M | 11.63% |
330,957
-76,420
| -19% | -$31M |
|
5
Full Truck Alliance
YMM
$8.48B
| $105M | 7.73% |
12,936,046
+1,817,923
| +16% | +$15.5M |
|
6
Baidu
BIDU
$31.2B
| $105M | 7.73% |
918,941
+179,642
| +24% | +$22.2M |
|
|
7
Kaspi.kz JSC
KSPI
$19B
| $85.5M | 6.3% |
987,390
+417,709
| +73% | +$35.4M |
|
|
8
Autohome
ATHM
$2.5B
| $65.2M | 4.8% |
3,428,188
-272,443
| -7% | -$4.92M |
|
|
9
Yum China
YUMC
$14.4B
| $62.8M | 4.62% |
+1,536,481
| New | +$70.3M |
|
|
10
Laureate Education
LAUR
$4.98B
| $42.6M | 3.13% |
1,171,708
-355,184
| -23% | -$12M |
|
|
11
HDFC Bank
HDB
$120B
| $41.2M | 3.03% |
+1,593,267
| New | +$39.9M |
|
|
12
Pan American Silver
PAAS
$20.9B
| $26.8M | 1.97% |
598,713
-552,397
| -48% | -$29.6M |
|
13
Transportadora de Gas del Sur
TGS
$4.47B
| $25.7M | 1.89% |
863,044
+222,045
| +35% | +$6.87M |
|
14
iShares MSCI India ETF
INDA
$6.59B
| $10.9M | 0.8% |
220,987
| – | – |
|
15
KT
KT
$9.48B
| $4.02M | 0.3% |
232,718
+137,516
| +144% | +$2.74M |
|
16
Vista Energy
VIST
$8.44B
| $2.64M | 0.19% |
41,443
-76
| -0.2% | -$5.35K |
|
|
JOYY
17
JOYY Inc
JOYY
$3.78B
| $2.62M | 0.19% |
+39,681
| New | +$2.47M |
|
18
Alibaba
BABA
$272B
| $2.38M | 0.18% |
24,816
-11,238
| -31% | -$1.41M |
|
19
Harmony Gold Mining
HMY
$12.9B
| $2.14M | 0.16% |
140,946
+6,456
| +5% | +$107K |
|
20
Petrobras
PBR
$137B
| $2.13M | 0.16% |
131,715
-95,968
| -42% | -$1.88M |
|
|
AXIA
21
DELISTED
AXIA Energia
AXIA
| $1.87M | 0.14% |
177,337
+26,926
| +18% | +$306K |
|
22
Credicorp
BAP
$30B
| $1.73M | 0.13% |
4,453
-2,561
| -37% | -$876K |
|
|
23
United Microelectronic
UMC
$56.8B
| $1.38M | 0.1% |
50,700
-354,375
| -87% | -$6.06M |
|
|
LOMA
24
Loma Negra
LOMA
$1.14B
| $1.24M | 0.09% |
108,237
-55,329
| -34% | -$630K |
|
25
Telkom Indonesia
TLK
$14.7B
| $944K | 0.07% |
70,259
+1,414
| +2% | +$23.5K |
|
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North of South Capital's Q2 2026 Portfolio in Review
As of Q2 2026, North of South Capital held 32 positions worth $1.36B, up 22% from $1.11B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
North of South Capital deployed $199M of net new capital in Q2 2026, opening 3 new positions and adding to 11 existing holdings. Its largest new stake was Yum China: 1,536,481 shares worth $62.8M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was TSMC, an estimated $31M trimmed.
- North of South Capital's largest Q2 2026 buy was Yum China: 1,536,481 shares worth $62.8M.
- North of South Capital added most to JD.com in Q2 2026, an estimated $66.3M increase.
- North of South Capital's biggest Q2 2026 reduction was TSMC, cutting an estimated $31M.
- North of South Capital fully exited LATAM Airlines Group S.A. in Q2 2026, selling an estimated $1.95M.
- North of South Capital's ten largest holdings make up 90% of its $1.36B portfolio in Q2 2026.
- North of South Capital opened 3 new positions and closed 4 in Q2 2026.
- North of South Capital's portfolio value rose 22% quarter-over-quarter to $1.36B.
Based on North of South Capital's 13F filing for Q2 2026, filed 30 Jul 2026.