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CIK: 0001555254
Total reported value
$3.6B
$3.6B
34 檔
32.1%
In Q4 2025, Carrhae Capital LLP's U.S. equity holdings reached a combined market value of $3.6B, distributed across 34 disclosed stock positions.
In Q4 2025, Carrhae Capital LLP displayed an active expansion posture, initiating 11 new positions and adding to 11 existing holdings, outstripping position reductions.
In terms of portfolio concentration, the top 5 core holdings (including QQQ, KWEB, SLV) accounted for 32.1% of total reported equity market value during Q4 2025.
Top New Position Initiated
QQQ
市值: $284.5M
Top Position Liquidated / Trimmed
FCX
前期市值: $25.3M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 10.76% | -13.50% | — | |
| 2 | KWEB | Kranesh Csi China Internet | ETF-Emerging Markets | 8.80% | +0.24% | — | |
| 3 | SLV | Ishares Silver Trust | ETF-Commodities | 8.18% | -5.36% | EXIT | |
| 4 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 8.15% | +15.16% | NEW | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 8.07% | -1.21% | +16.65% | |
| 6 | EGO | Eldorado Gold CORP | Stock-Other | 5.45% | -1.68% | -19.71% | |
| 7 | ASHR | Xtrackers Harvest Csi 300 Ch | ETF-Other | 4.95% | -1.31% | EXIT | |
| 8 | SE | Sea Ltd-adr | Stock-Comm Services | 4.07% | +3.88% | NEW | |
| 9 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 3.74% | — | — | |
| 10 | NU | Nu Holdings Ltd. | Stock-Financials | 3.13% | — | — | |
| 11 | GDS | Gds Holdings LTD - Adr | Stock-Other | 2.86% | +0.10% | +31.48% | |
| 12 | EMBJ | Embraer Sa-spon Adr | Stock-Industrials | 2.79% | -1.56% | -2.66% | |
| 13 | MMYT | MakeMyTrip Limited | Stock-Other | 2.33% | +0.16% | +98.61% | |
| 14 | FNV | Franco-nevada CORP | Stock-Materials | 2.30% | — | +162.17% | |
| 15 | IBN | Icici Bank Ltd-spon Adr | Stock-Financials | 2.25% | -1.11% | -50.21% | |
| 16 | BBD | Banco Bradesco-adr | Stock-Other | 2.04% | +0.43% | NEW | |
| 17 | JBS | Jbs N.v. | Stock-Other | 1.99% | -1.37% | EXIT | |
| 18 | BAP | Credicorp Ltd. | Stock-Financials | 1.83% | — | — | |
| 19 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 1.71% | -1.25% | -38.05% | |
| 20 | SNPS | Synopsys Inc | Stock-Tech | 1.69% | — | -0.88% | |
| 21 | BIDU | Baidu Inc - Spon Adr | Stock-Comm Services | 1.69% | — | — | |
| 22 | GGAL | Grupo Financiero Galicia-adr | Stock-Other | 1.62% | +1.88% | NEW | |
| 23 | YMM | Full Truck Alliance -spn Adr | Stock-Other | 1.55% | — | +42.35% | |
| 24 | VIST | Vista Energy Sab De Cv | Stock-Other | 1.53% | -0.18% | EXIT | |
| 25 | EQT | Eqt CORP | Stock-Energy | 1.51% | — | +43.31% | |
| 26 | GLD | Spdr Gold Shares | ETF-Commodities | 1.08% | +4.43% | -72.12% | |
| 27 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 0.96% | -1.58% | EXIT | |
| 28 | WRD | Weride Inc-adr | Stock-Other | 0.80% | — | +48.39% | |
| 29 | HBM | Hudbay Minerals Inc | Stock-Other | 0.60% | — | — | |
| 30 | CPA | Copa Holdings, S.A. | Stock-Other | 0.57% | -0.04% | — | |
| 31 | RNW | ReNew Energy Global Plc | Stock-Other | 0.53% | -0.18% | EXIT | |
| 32 | AU | AngloGold Ashanti plc | Stock-Materials | 0.32% | +0.95% | -91.10% | |
| 33 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 0.15% | — | — | |
| 34 | ✓ | Renew Energy Global PLC | Stock-Other | — | — | — |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JBS | Jbs N.v. | +1.6% | +801.77% | Add |
| 2 | GGAL | Grupo Financiero Galicia-adr | +1.1% | +151.89% | Add |
| 3 | FNV | Franco-nevada CORP | +0.8% | +162.17% | Add |
| 4 | MMYT | MakeMyTrip Limited | +0.3% | +98.61% | Add |
| 5 | VIST | Vista Energy Sab De Cv | +0.1% | +20.60% | Add |
| 6 | ✓ | Renew Energy Global PLC | — | — | Unchanged |
| 7 | WRD | Weride Inc-adr | -0.2% | +48.39% | Add |
| 8 | EQT | Eqt CORP | -0.2% | +43.31% | Add |
| 9 | YMM | Full Truck Alliance -spn Adr | -0.5% | +42.35% | Add |
| 10 | RNW | ReNew Energy Global Plc | -0.7% | -11.14% | Trim |
| 11 | GDS | Gds Holdings LTD - Adr | -0.9% | +31.48% | Add |
| 12 | SNPS | Synopsys Inc | -1.1% | -0.88% | Trim |
| 13 | EMBJ | Embraer Sa-spon Adr | -1.4% | -2.66% | Trim |
| 14 | SE | Sea Ltd-adr | -1.5% | +58.25% | Add |
| 15 | TSM | Taiwan Semiconductor-sp Adr | -1.8% | +16.65% | Add |
| 16 | PDD | Pdd Holdings Inc | -2.1% | -42.46% | Trim |
| 17 | EGO | Eldorado Gold CORP | -3.1% | -19.71% | Trim |
| 18 | BABA | Alibaba Group Holding-sp Adr | -3.5% | -38.05% | Trim |
| 19 | AU | AngloGold Ashanti plc | -4.3% | -91.10% | Trim |
| 20 | GLD | Spdr Gold Shares | -4.3% | -72.12% | Trim |
| 21 | SLV | Ishares Silver Trust | -4.4% | -33.19% | Trim |
| 22 | IBN | Icici Bank Ltd-spon Adr | -4.9% | -50.21% | Trim |
| 23 | ASHR | Xtrackers Harvest Csi 300 Ch | -8.4% | -42.00% | Trim |
| 24 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | New buy |
| 25 | KWEB | Kranesh Csi China Internet | — | NEW | New buy |
| 26 | EEM | Ishares Msci Emerging Market | — | NEW | New buy |
| 27 | TECK | Teck Resources Ltd-cls B | — | NEW | New buy |
| 28 | NU | Nu Holdings Ltd. | — | NEW | New buy |
| 29 | BBD | Banco Bradesco-adr | — | NEW | New buy |
| 30 | BAP | Credicorp Ltd. | — | NEW | New buy |
| 31 | BIDU | Baidu Inc - Spon Adr | — | NEW | New buy |
| 32 | FCX | Freeport-mcmoran Inc | — | EXIT | Sold out |
| 33 | HBM | Hudbay Minerals Inc | — | NEW | New buy |
| 34 | CPA | Copa Holdings, S.A. | — | NEW | New buy |
| 35 | PONY | Pony Ai Inc | — | EXIT | Sold out |
| 36 | SHEL | Shell Plc-adr | — | EXIT | Sold out |
| 37 | KSPI | Jsc Kaspi.kz Adr | — | NEW | New buy |
According to official SEC Form 13F filings, Carrhae Capital LLP reported a total U.S. public equity portfolio value of $3.6B across 34 disclosed positions in Q4 2025.
During Q4 2025, Carrhae Capital LLP's top holdings by market value included QQQ (10.8%)、KWEB (8.8%)、SLV (8.2%). The largest single position, QQQ, represented 10.8% of total portfolio value.
In Q4 2025, Carrhae Capital LLP made 36 total portfolio adjustments, initiating 11 new buys, adding to 11 positions, trimming 11 holdings, and fully liquidating 3 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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