North Of South Capital LLP: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 2033334) · Explore on the interactive board
North Of South Capital LLP disclosed 28 US equity positions worth $1.4bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed July 30, 2026). Its largest position is IBN at 18.6% of the reported book, followed by YPF, JD. The top ten holdings are 90.5% of the book, and the portfolio behaves like about 10 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 11, reduced 9 and exited 4. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does North Of South Capital LLP own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 3 new, 11 added, 9 reduced, 4 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | IBN ICICI BANK-ADR | Financial Services | 18.6% | $252.3m | 8,690,448 | 3% | added |
| 2 | YPF YPF SA-ADR | Energy | 13.5% | $183.0m | 4,023,562 | 14% | added |
| 3 | JD JD.COM INC-ADR | Consumer Cyclical | 12.5% | $169.7m | 6,661,845 | 51% | added |
| 4 | TSM TAIWAN SEMIC-ADR | Technology | 11.6% | $158.1m | 330,957 | -19% | reduced |
| 5 | YMM FULL TRUCK A-ADR | Technology | 7.7% | $105.0m | 12,936,046 | 16% | added |
| 6 | BIDU BAIDU INC-SP ADR | Communication Services | 7.7% | $105.0m | 918,941 | 24% | added |
| 7 | KSPI JSC KASPI.KZ | Technology | 6.3% | $85.5m | 987,390 | 73% | added |
| 8 | ATHM AUTOHOME INC-ADR | Communication Services | 4.8% | $65.2m | 3,428,188 | -7% | reduced |
| 9 | YUMC YUM CHINA HO | Consumer Cyclical | 4.6% | $62.8m | 1,536,481 | – | new |
| 10 | LAUR LAUREATE EDUCATI | Consumer Defensive | 3.1% | $42.6m | 1,171,708 | -23% | reduced |
| 11 | HDB HDFC BANK-ADR | Financial Services | 3.0% | $41.2m | 1,593,267 | – | new |
| 12 | PAAS PAN AMER SILVER | Basic Materials | 2.0% | $26.8m | 598,713 | -48% | reduced |
| 13 | TGS TRANSPORT GA-ADR | Energy | 1.9% | $25.7m | 863,044 | 35% | added |
| 14 | INDA ISHARES MSCI IND | 0.8% | $10.9m | 220,987 | 0% | held | |
| 15 | KT KT CORP-ADR | Communication Services | 0.3% | $4.0m | 232,718 | 144% | added |
| 16 | VIST VISTA ENERGY SAB | Energy | 0.2% | $2.6m | 41,443 | -0% | held |
| 17 | JOYY JOYY INC-ADR | Communication Services | 0.2% | $2.6m | 39,681 | – | new |
| 18 | BABA ALIBABA GRP-ADR | Consumer Cyclical | 0.2% | $2.4m | 24,816 | -31% | reduced |
| 19 | HMY HARMONY GOLD-ADR | Basic Materials | 0.2% | $2.1m | 140,946 | 5% | added |
| 20 | PBR PETROBRAS SA-ADR | Energy | 0.2% | $2.1m | 131,715 | -42% | reduced |
| 21 | AXIAY AXIA ENERGIA-ADR | 0.1% | $1.9m | 177,337 | 18% | added | |
| 22 | BAP CREDICORP LTD | Financial Services | 0.1% | $1.7m | 4,453 | -37% | reduced |
| 23 | UMC UNITED MICRO-ADR | Technology | 0.1% | $1.4m | 50,700 | -87% | reduced |
| 24 | LOMA LOMA NEGRA C-ADR | 0.1% | $1.2m | 108,237 | -34% | reduced | |
| 25 | TLK TELEKOMUNIKA-ADR | Communication Services | 0.1% | $943.6k | 70,259 | 2% | added |
| 26 | MUX MCEWEN INC | 0.1% | $906.5k | 50,000 | 0% | held | |
| 27 | BBAR BBVA ARGENT-ADR | 0.0% | $588.3k | 30,000 | 0% | held | |
| 28 | TV GRUPO TELEV-ADR | Communication Services | 0.0% | $271.0k | 100,000 | 0% | held |
What did North Of South Capital LLP sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| LTM LATAM AIRLINES G | 41.9% | $2.0m |
| AMX AMERICA MOVIL SA | 22.7% | $1.1m |
| TS TENARIS-ADR | 22.6% | $1.1m |
| AUGO AURA MINERALS | 12.8% | $596.0k |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 25.8% |
| Financial Services | 21.7% |
| Consumer Cyclical | 17.3% |
| Energy | 15.7% |
| Communication Services | 13.1% |
| Consumer Defensive | 3.1% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is North Of South Capital LLP's portfolio?
Across every quarter North Of South Capital LLP has filed, its median largest position is 19.1% of the book and its median top-ten weight is 92.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 4.0 completed holding spells, the median lasted 1.0 quarters; 28.0 positions are still open and their final length is unknown.