North of South Capital LLP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
North of South Capital LLP disclosed 21 US equity positions worth $951.1m in its Q2 2025 13F filing. The largest position was BABA at 25.0% of the reported book, followed by JD and TSM. Against the Q1 2025 filing, it opened 2 new positions, added to 13 and reduced 3 among the top 21 holdings.
What did North of South Capital LLP own in Q2 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GRP-ADR | Consumer Cyclical | 25.0% | $237.4m | 2,092,869 | 14% | added |
| 2 | JD JD.COM INC-ADR | Consumer Cyclical | 13.6% | $129.7m | 3,974,215 | 20% | added |
| 3 | TSM TAIWAN SEMIC-ADR | Technology | 10.6% | $100.9m | 445,597 | 1% | added |
| 4 | YMM FULL TRUCK A-ADR | Technology | 9.8% | $93.6m | 7,924,966 | 29% | added |
| 5 | KT KT CORP-ADR | Communication Services | 9.1% | $86.9m | 4,180,113 | 9% | added |
| 6 | ATHM AUTOHOME INC-ADR | Communication Services | 6.0% | $56.9m | 2,205,961 | 13% | added |
| 7 | BIDU BAIDU INC-SP ADR | Communication Services | 5.6% | $53.1m | 618,650 | 11% | added |
| 8 | YPF YPF SA-ADR | Energy | 5.1% | $48.8m | 1,550,349 | 12% | added |
| 9 | VIPS VIPSHOP HOLD-ADR | Consumer Cyclical | 5.1% | $48.5m | 3,224,215 | -19% | reduced |
| 10 | LAUR LAUREATE EDUCATI | Consumer Defensive | 3.9% | $36.9m | 1,578,937 | 26% | added |
| 11 | VLRS CONTROLADORA-ADR | 2.5% | $23.6m | 4,964,410 | 1% | added | |
| 12 | PAAS PAN AMER SILVER | Basic Materials | 1.6% | $15.7m | 551,278 | – | new |
| 13 | IBN ICICI BANK-ADR | Financial Services | 1.1% | $10.6m | 315,620 | 518% | added |
| 14 | TIGO MILLICOM INTL | Communication Services | 0.2% | $2.0m | 52,881 | 18% | added |
| 15 | BAP CREDICORP LTD | Financial Services | 0.2% | $1.8m | 8,256 | – | new |
| 16 | AXIAY ELETROBRAS-ADR | 0.2% | $1.6m | 219,652 | 0% | held | |
| 17 | PBR PETROBRAS SA-ADR | Energy | 0.1% | $1.4m | 113,724 | -36% | reduced |
| 18 | TGS TRANSPORT GA-ADR | Energy | 0.1% | $958.3k | 37,000 | 48% | added |
| 19 | BBAR BBVA ARGENT-ADR | 0.1% | $493.8k | 30,000 | 0% | held | |
| 20 | TV GRUPO TELEV-ADR | 0.0% | $219.0k | 100,000 | 0% | held | |
| 21 | EMBJ EMBRAER SA-ADR | Industrials | 0.0% | $136.6k | 2,400 | -99% | reduced |
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.