Q2 2025 · 13F-HR
Carrhae Capital LLPholdings as filed
Filed 2025-08-05 · accession 0001172661-25-002883
$1.37B
Reported value
28
Positions
2025-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46428Q109 | SLV | ISHARES SILVER TR | $119.7M | 8.75% | 3,647,500 | CALL | SOLE |
| 29082A107 | EMBJ | EMBRAER S.A. | $112.3M | 8.21% | 1,973,790 | Common | SOLE |
| 233051879 | ASHR | DBX ETF TR | $106.4M | 7.78% | 3,865,000 | CALL | SOLE |
| 464287234 | EEM | ISHARES TR | $96.2M | 7.04% | 1,995,000 | PUT | SOLE |
| 284902509 | EGO | ELDORADO GOLD CORP NEW | $91.8M | 6.71% | 4,514,485 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $66.0M | 4.83% | 412,960 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $59.4M | 4.34% | 523,722 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $58.5M | 4.28% | 1,349,063 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $58.4M | 4.27% | 258,001 | Common | SOLE |
| V5633W109 | MMYT | MAKEMYTRIP LIMITED MAURITIUS | $56.5M | 4.13% | 576,586 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $56.3M | 4.12% | 512,143 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $54.7M | 4.00% | 1,200,111 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $52.7M | 3.85% | 503,595 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $48.9M | 3.57% | 1,092,990 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $47.8M | 3.49% | 213,806 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $45.1M | 3.30% | 274,946 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $44.7M | 3.27% | 1,107,431 | Common | SOLE |
| 517834107 | LVS | LAS VEGAS SANDS CORP | $41.8M | 3.06% | 961,827 | Common | SOLE |
| 482497104 | BEKE | KE HLDGS INC | $24.1M | 1.77% | 1,361,179 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $21.5M | 1.58% | 656,743 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $19.2M | 1.40% | 400,582 | Common | SOLE |
| G7500M104 | RNW | RENEW ENERGY GLOBAL PLC | $19.1M | 1.40% | 2,767,298 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $18.7M | 1.37% | 346,937 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $16.4M | 1.20% | 1,544,993 | Common | SOLE |
| N6596X109 | NXPI | NXP SEMICONDUCTORS N V | $13.8M | 1.01% | 63,342 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $12.7M | 0.93% | 416,903 | Common | SOLE |
| 26853E102 | EH | EHANG HLDGS LTD | $4.7M | 0.34% | 271,700 | Common | SOLE |
| G7500M120 | RNWWW | RENEW ENERGY GLOBAL PLC | $8,647 | 0.00% | 64,966 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.