Carrhae Capital LLP 13F holdings, Q4 2024
Holdings as of December 31, 2024 · filings on SEC EDGAR · latest filing →
Carrhae Capital LLP disclosed 22 US equity positions worth $846.5m in its Q4 2024 13F filing. The largest position was EMBJ at 11.6% of the reported book, followed by EGO and AU. Against the Q3 2024 filing, it opened 4 new positions, added to 10 and reduced 6 among the top 22 holdings.
What did Carrhae Capital LLP own in Q4 2024? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2024 |
|---|---|---|---|---|---|---|---|
| 1 | EMBJ EMBRAER S.A. | Industrials | 11.6% | $98.0m | 2,670,740 | 48% | added |
| 2 | EGO ELDORADO GOLD CORP NEW | Basic Materials | 10.6% | $89.8m | 6,040,730 | 14% | added |
| 3 | AU ANGLOGOLD ASHANTI PLC | Basic Materials | 9.4% | $79.8m | 3,459,193 | 170% | added |
| 4 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 9.0% | $75.8m | 383,886 | 6% | added |
| 5 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 7.9% | $66.9m | 1,042,689 | 52% | added |
| 6 | COPA HOLDINGS SA | 7.3% | $61.7m | 701,867 | 26% | added | |
| 7 | IBN ICICI BANK LIMITED | Financial Services | 6.2% | $52.3m | 1,751,047 | 32% | added |
| 8 | SE SEA LTD | Consumer Cyclical | 5.9% | $50.4m | 474,672 | -14% | reduced |
| 9 | FMX FOMENTO ECONOMICO MEXICANO S | 5.5% | $46.4m | 543,167 | 23% | added | |
| 10 | BEKE KE HLDGS INC | Real Estate | 3.8% | $32.2m | 1,745,724 | – | new |
| 11 | JD JD.COM INC | Consumer Cyclical | 3.4% | $28.7m | 827,951 | – | new |
| 12 | RENEW ENERGY GLOBAL PLC | 2.9% | $25.0m | 3,654,991 | 0% | held | |
| 13 | FNV FRANCO NEV CORP | Basic Materials | 2.9% | $24.3m | 206,418 | -8% | reduced |
| 14 | MAKEMYTRIP LIMITED MAURITIUS | 2.8% | $23.7m | 210,950 | -41% | reduced | |
| 15 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 2.8% | $23.6m | 489,307 | 4% | added |
| 16 | TS TENARIS S A | Energy | 2.0% | $16.5m | 437,806 | – | new |
| 17 | ASHR DBX ETF TR | 1.6% | $13.4m | 506,000 | – | new | |
| 18 | CX CEMEX SAB DE CV | Basic Materials | 1.5% | $12.5m | 2,215,050 | 19% | added |
| 19 | SPY SPDR S&P 500 ETF TR | 1.4% | $12.3m | 20,931 | -21% | reduced | |
| 20 | BAP CREDICORP LTD | Financial Services | 0.9% | $7.5m | 40,669 | -74% | reduced |
| 21 | PDD PDD HOLDINGS INC | Consumer Cyclical | 0.7% | $5.8m | 60,220 | -87% | reduced |
| 22 | RENEW ENERGY GLOBAL PLC | 0.0% | $10.6k | 64,966 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.