North of South Capital LLP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
North of South Capital LLP disclosed 20 US equity positions worth $895.2m in its Q1 2025 13F filing. The largest position was BABA at 27.0% of the reported book, followed by JD and YMM. Against the Q4 2024 filing, it opened 4 new positions, added to 4 and reduced 8 among the top 20 holdings.
What did North of South Capital LLP own in Q1 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GRP-ADR | Consumer Cyclical | 27.0% | $241.8m | 1,828,864 | -7% | reduced |
| 2 | JD JD.COM INC-ADR | Consumer Cyclical | 15.2% | $136.3m | 3,314,174 | 14% | added |
| 3 | YMM FULL TRUCK A-ADR | Technology | 8.8% | $78.6m | 6,157,928 | 8% | added |
| 4 | TSM TAIWAN SEMIC-ADR | Technology | 8.2% | $73.2m | 440,807 | -15% | reduced |
| 5 | KT KT CORP-ADR | Communication Services | 7.6% | $67.9m | 3,831,521 | -9% | reduced |
| 6 | VIPS VIPSHOP HOLD-ADR | Consumer Cyclical | 7.0% | $62.6m | 3,993,198 | 5% | added |
| 7 | ATHM AUTOHOME INC-ADR | Communication Services | 6.1% | $54.2m | 1,954,958 | -1% | reduced |
| 8 | BIDU BAIDU INC-SP ADR | Communication Services | 5.7% | $51.3m | 557,237 | -9% | reduced |
| 9 | YPF YPF SA-ADR | Energy | 5.4% | $48.6m | 1,387,350 | 12% | added |
| 10 | LAUR LAUREATE EDUCATI | Consumer Defensive | 2.9% | $25.7m | 1,256,065 | 0% | held |
| 11 | VLRS CONTROLADORA-ADR | 2.9% | $25.6m | 4,911,106 | -1% | reduced | |
| 12 | EMBJ EMBRAER SA-ADR | Industrials | 2.2% | $20.0m | 433,241 | -50% | reduced |
| 13 | PBR PETROBRAS SA-ADR | Energy | 0.3% | $2.6m | 178,360 | -10% | reduced |
| 14 | IBN ICICI BANK-ADR | Financial Services | 0.2% | $1.6m | 51,055 | 0% | held |
| 15 | AXIAY ELETROBRAS-ADR | 0.2% | $1.6m | 219,652 | – | new | |
| 16 | TIGO MILLICOM INTL | Communication Services | 0.2% | $1.4m | 44,881 | – | new |
| 17 | SKM SK TELEC-SPN ADR | Communication Services | 0.1% | $912.4k | 42,917 | 0% | held |
| 18 | TGS TRANSPORT GA-ADR | Energy | 0.1% | $661.5k | 25,000 | – | new |
| 19 | BBAR BBVA ARGENT-ADR | 0.1% | $543.6k | 30,000 | – | new | |
| 20 | TV GRUPO TELEV-ADR | 0.0% | $175.0k | 100,000 | 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.