Carrhae Capital LLP 13F holdings, Q2 2026
Holdings as of June 30, 2026 · filings on SEC EDGAR · this is the latest filing on record
Carrhae Capital LLP disclosed 23 US equity positions worth $1.5bn in its Q2 2026 13F filing. The largest position was TSM at 13.0% of the reported book, followed by SE and EMBJ. Against the Q1 2026 filing, it opened 8 new positions, added to 6 and reduced 9 among the top 23 holdings.
What did Carrhae Capital LLP own in Q2 2026? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2026 |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 13.0% | $198.0m | 414,556 | -26% | reduced |
| 2 | SE SEA LTD | Consumer Cyclical | 9.3% | $140.5m | 1,466,148 | – | new |
| 3 | EMBJ EMBRAER S.A. | Industrials | 8.5% | $129.5m | 2,029,766 | -30% | reduced |
| 4 | EGO ELDORADO GOLD CORP NEW | Basic Materials | 8.0% | $121.5m | 3,909,137 | -20% | reduced |
| 5 | IBN ICICI BANK LIMITED | Financial Services | 6.7% | $101.5m | 3,496,179 | -31% | reduced |
| 6 | GDS GDS HLDGS LTD | Technology | 6.5% | $99.1m | 3,300,419 | 51% | added |
| 7 | PBR PETROLEO BRASILEIRO S A | Energy | 5.8% | $87.5m | 5,411,909 | – | new |
| 8 | ITUB ITAU UNIBANCO HLDG S A | Financial Services | 5.2% | $78.8m | 9,643,006 | -53% | reduced |
| 9 | GGAL GRUPO FINANCIERO GALICIA S.A | Financial Services | 4.5% | $68.1m | 1,360,220 | – | new |
| 10 | ASML ASML HLDG NV | Technology | 4.2% | $63.8m | 32,056 | – | new |
| 11 | COPA HOLDINGS SA | 4.1% | $62.3m | 400,262 | -23% | reduced | |
| 12 | AU ANGLOGOLD ASHANTI PLC | Basic Materials | 4.0% | $61.2m | 756,610 | 199% | added |
| 13 | PPC PILGRIMS PRIDE CORP | Consumer Defensive | 3.4% | $52.2m | 1,856,460 | – | new |
| 14 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 3.2% | $48.0m | 500,160 | -63% | reduced |
| 15 | NTES NETEASE COM INC | Communication Services | 2.6% | $39.3m | 306,577 | 343% | added |
| 16 | SLB SLB LIMITED | Energy | 2.6% | $38.8m | 834,322 | 50% | added |
| 17 | CPNG COUPANG INC | Consumer Cyclical | 2.5% | $38.2m | 2,198,457 | – | new |
| 18 | HAL HALLIBURTON CO | Energy | 1.6% | $24.7m | 726,193 | 21% | added |
| 19 | BBD BANCO BRADESCO S A | Financial Services | 1.0% | $15.6m | 4,484,271 | – | new |
| 20 | TS TENARIS S A | Energy | 1.0% | $15.4m | 278,311 | -18% | reduced |
| 21 | MAKEMYTRIP LIMITED MAURITIUS | 0.8% | $11.8m | 221,385 | 47% | added | |
| 22 | VNET VNET GROUP INC | Technology | 0.8% | $11.8m | 1,467,195 | -3% | reduced |
| 23 | BEKE KE HLDGS INC | Real Estate | 0.7% | $10.1m | 697,760 | – | new |
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.