Carrhae Capital LLP Hedge Fund

Location: London, United Kingdom

CIK: 0001555254 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Aug 21, 2024

Total Value: $506M (100.0% shares, 0.0% debt)

Holdings (21)

EGO ELDORADO GOLD CORP NEW 14.1%

Value $71.13M Shares 5,483,881 Share Price $12.97 Est. Cost/Share $9.16 Unrealized @ Report Date +41.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 9.6%

Value $48.67M Shares 468,010 Share Price $104.00 Est. Cost/Share $84.50 Unrealized @ Report Date +23.1%

IBN ICICI BANK LIMITED 9.4%

Value $47.67M Shares 1,999,574 Share Price $23.84 Est. Cost/Share $21.42 Unrealized @ Report Date +11.3%

Value $43.32M Shares 1,661,511 Share Price $26.07 Est. Cost/Share $22.82 Unrealized @ Report Date +14.2%

FMX FOMENTO ECONOMICO MEXICANO S 7.2%

Value $36.19M Shares 277,674 Share Price $130.35 Est. Cost/Share $106.53 Unrealized @ Report Date +22.4%

AU ANGLOGOLD ASHANTI PLC 6.9%

Value $35.03M Shares 1,874,406 Share Price $18.69 * Est. Cost/Share $16.76 Unrealized @ Report Date +3.6%

RIO RIO TINTO PLC 5.0%

Value $25.07M Shares 336,737 Share Price $74.46 Est. Cost/Share $67.09 Unrealized @ Report Date +11.0%

TS TENARIS S A 4.7%

Value $23.59M Shares 678,747 Share Price $34.76 Est. Cost/Share $33.52 Unrealized @ Report Date +3.7%

BABA ALIBABA GROUP HLDG LTD 4.5%

Value $22.96M Shares 296,283 Share Price $77.51 Est. Cost/Share $89.69 Unrealized @ Report Date -13.6%

EDU NEW ORIENTAL ED & TECHNOLOGY 4.1%

Value $20.84M Shares 284,426 Share Price $73.28 Est. Cost/Share $57.50 Unrealized @ Report Date +27.5%

NTES NETEASE INC 3.8%

Value $19.12M Shares 205,205 Share Price $93.16 Est. Cost/Share $106.22 Unrealized @ Report Date -12.3%

BIDU BAIDU INC 3.6%

Value $18.12M Shares 152,173 Share Price $119.09 Est. Cost/Share $115.54 Unrealized @ Report Date +3.1%

QQQ INVESCO QQQ TR 3.2%

Value $15.95M Shares 38,952 Share Price $409.52 Est. Cost/Share $379.61 Unrealized @ Report Date +7.9%

RNW RENEW ENERGY GLOBAL PLC 2.8%

Value $14.07M Shares 1,836,579 Share Price $7.66 Est. Cost/Share $9.32 Unrealized @ Report Date -17.8%

CPA COPA HOLDINGS SA 2.7%

Value $13.46M Shares 126,622 Share Price $106.31 * Est. Cost/Share $80.12 Unrealized @ Report Date +16.9%

PDD PDD HOLDINGS INC 2.7%

Value $13.46M Shares 91,974 Share Price $146.31 Est. Cost/Share $121.27 Unrealized @ Report Date +20.6%

TME TENCENT MUSIC ENTMT GROUP 2.4%

Value $12.06M Shares 1,338,475 Share Price $9.01 Est. Cost/Share $6.67 Unrealized @ Report Date +35.1%

NU NU HLDGS LTD 2.3%

Value $11.64M Shares 1,397,013 Share Price $8.33 Est. Cost/Share $8.08 Unrealized @ Report Date +3.1%

BAP CREDICORP LTD 1.4%

Value $7.147M Shares 47,668 Share Price $149.93 * Est. Cost/Share $120.19 Unrealized @ Report Date +15.6%

FNV FRANCO NEV CORP 1.3%

Value $6.401M Shares 57,768 Share Price $110.81 Est. Cost/Share $119.31 Unrealized @ Report Date -8.7%

RNWWW RENEW ENERGY GLOBAL PLC 0.0%

Value $70,813 Shares 64,966 Share Price $1.09 Est. Cost/Share $1.09 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EGO	ELDORADO GOLD CORP NEW	5,483,881	$71.13M	14.1%	$12.97	$9.16	+41.6%	COM	284902509
TSM	TAIWAN SEMICONDUCTOR MFG LTD	468,010	$48.67M	9.6%	$104.00	$84.50	+23.1%	SPONSORED ADS	874039100
IBN	ICICI BANK LIMITED	1,999,574	$47.67M	9.4%	$23.84	$21.42	+11.3%	ADR	45104G104
XP	XP INC	1,661,511	$43.32M	8.6%	$26.07	$22.82	+14.2%	CL A	G98239109
FMX	FOMENTO ECONOMICO MEXICANO S	277,674	$36.19M	7.2%	$130.35	$106.53	+22.4%	SPON ADR UNITS	344419106
AU	ANGLOGOLD ASHANTI PLC	1,874,406	$35.03M	6.9%	$18.69 *	$16.76	+3.6%	COM SHS	G0378L100
RIO	RIO TINTO PLC	336,737	$25.07M	5.0%	$74.46	$67.09	+11.0%	SPONSORED ADR	767204100
TS	TENARIS S A	678,747	$23.59M	4.7%	$34.76	$33.52	+3.7%	SPONSORED ADS	88031M109
BABA	ALIBABA GROUP HLDG LTD	296,283	$22.96M	4.5%	$77.51	$89.69	-13.6%	SPONSORED ADS	01609W102
EDU	NEW ORIENTAL ED & TECHNOLOGY	284,426	$20.84M	4.1%	$73.28	$57.50	+27.5%	SPON ADR	647581206
NTES	NETEASE INC	205,205	$19.12M	3.8%	$93.16	$106.22	-12.3%	SPONSORED ADS	64110W102
BIDU	BAIDU INC	152,173	$18.12M	3.6%	$119.09	$115.54	+3.1%	SPON ADR REP A	056752108
QQQ	INVESCO QQQ TR	38,952	$15.95M	3.2%	$409.52	$379.61	+7.9%	UNIT SER 1	46090E103
RNW	RENEW ENERGY GLOBAL PLC	1,836,579	$14.07M	2.8%	$7.66	$9.32	-17.8%	CL A SHS	G7500M104
CPA	COPA HOLDINGS SA	126,622	$13.46M	2.7%	$106.31 *	$80.12	+16.9%	CL A	P31076105
PDD	PDD HOLDINGS INC	91,974	$13.46M	2.7%	$146.31	$121.27	+20.6%	SPONSORED ADS	722304102
TME	TENCENT MUSIC ENTMT GROUP	1,338,475	$12.06M	2.4%	$9.01	$6.67	+35.1%	SPON ADS	88034P109
NU	NU HLDGS LTD	1,397,013	$11.64M	2.3%	$8.33	$8.08	+3.1%	ORD SHS CL A	G6683N103
BAP	CREDICORP LTD	47,668	$7.147M	1.4%	$149.93 *	$120.19	+15.6%	COM	G2519Y108
FNV	FRANCO NEV CORP	57,768	$6.401M	1.3%	$110.81	$119.31	-8.7%	COM	351858105
RNWWW	RENEW ENERGY GLOBAL PLC	64,966	$70,813	0.0%	$1.09	$1.09	—	*W EXP 08/21/202	G7500M120