Carrhae Capital LLP Hedge Fund

Location: London, United Kingdom

CIK: 0001555254 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 11, 2025

Total Value: $1.195B (100.0% shares, 0.0% debt)

Holdings (25)

EEM ISHARES TR 15.4%

Value $184M Shares 4,403,300 Share Price $41.82 Est. Cost/Share — Unrealized @ Report Date —

ASHR DBX ETF TR 9.6%

Value $115M Shares 4,357,700 Share Price $26.47 Est. Cost/Share $27.89 Unrealized @ Report Date -5.1%

EMBJ EMBRAER S.A. 8.2%

Value $97.96M Shares 2,670,740 Share Price $36.68 Est. Cost/Share $27.81 Unrealized @ Report Date +31.9%

EGO ELDORADO GOLD CORP NEW 7.5%

Value $89.83M Shares 6,040,730 Share Price $14.87 Est. Cost/Share $10.32 Unrealized @ Report Date +44.1%

AU ANGLOGOLD ASHANTI PLC 6.7%

Value $79.84M Shares 3,459,193 Share Price $23.08 * Est. Cost/Share $21.89 Unrealized @ Report Date +0.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.3%

Value $75.81M Shares 383,886 Share Price $197.49 Est. Cost/Share $106.08 Unrealized @ Report Date +86.2%

EDU NEW ORIENTAL ED & TECHNOLOGY 5.6%

Value $66.92M Shares 1,042,689 Share Price $64.18 Est. Cost/Share $68.60 Unrealized @ Report Date -6.4%

CPA COPA HOLDINGS SA 5.2%

Value $61.68M Shares 701,867 Share Price $87.88 * Est. Cost/Share $83.92 Unrealized @ Report Date -1.3%

IBN ICICI BANK LIMITED 4.4%

Value $52.29M Shares 1,751,047 Share Price $29.86 Est. Cost/Share $24.09 Unrealized @ Report Date +24.0%

SE SEA LTD 4.2%

Value $50.36M Shares 474,672 Share Price $106.10 Est. Cost/Share $75.46 Unrealized @ Report Date +40.6%

AAPL APPLE INC 4.1%

Value $49.46M Shares 197,500 Share Price $250.42 Est. Cost/Share — Unrealized @ Report Date —

FMX FOMENTO ECONOMICO MEXICANO S 3.9%

Value $46.44M Shares 543,167 Share Price $85.49 Est. Cost/Share $106.07 Unrealized @ Report Date -19.4%

BEKE KE HLDGS INC 2.7%

Value $32.16M Shares 1,745,724 Share Price $18.42 Est. Cost/Share $20.61 Unrealized @ Report Date -10.6%

JD JD.COM INC 2.4%

Value $28.71M Shares 827,951 Share Price $34.67 Est. Cost/Share $38.71 Unrealized @ Report Date -10.4%

RNW RENEW ENERGY GLOBAL PLC 2.1%

Value $24.96M Shares 3,654,991 Share Price $6.83 Est. Cost/Share $7.64 Unrealized @ Report Date -10.6%

FNV FRANCO NEV CORP 2.0%

Value $24.27M Shares 206,418 Share Price $117.59 Est. Cost/Share $116.46 Unrealized @ Report Date +0.5%

MMYT MAKEMYTRIP LIMITED MAURITIUS 2.0%

Value $23.69M Shares 210,950 Share Price $112.28 Est. Cost/Share $68.26 Unrealized @ Report Date +64.5%

YUMC YUM CHINA HLDGS INC 2.0%

Value $23.57M Shares 489,307 Share Price $48.17 Est. Cost/Share $33.83 Unrealized @ Report Date +42.4%

TS TENARIS S A 1.4%

Value $16.54M Shares 437,806 Share Price $37.79 Est. Cost/Share $35.48 Unrealized @ Report Date +6.5%

ASHR DBX ETF TR 1.1%

Value $13.39M Shares 506,000 Share Price $26.47 Est. Cost/Share $27.89 Unrealized @ Report Date -5.1%

CX CEMEX SAB DE CV 1.0%

Value $12.49M Shares 2,215,050 Share Price $5.64 Est. Cost/Share $6.18 Unrealized @ Report Date -8.8%

SPY SPDR S&P 500 ETF TR 1.0%

Value $12.27M Shares 20,931 Share Price $586.08 Est. Cost/Share $537.24 Unrealized @ Report Date +9.1%

BAP CREDICORP LTD 0.6%

Value $7.455M Shares 40,669 Share Price $183.32 * Est. Cost/Share $159.11 Unrealized @ Report Date +9.1%

PDD PDD HOLDINGS INC 0.5%

Value $5.841M Shares 60,220 Share Price $96.99 Est. Cost/Share $123.11 Unrealized @ Report Date -21.2%

RNWWW RENEW ENERGY GLOBAL PLC 0.0%

Value $10,589 Shares 64,966 Share Price $0.16 Est. Cost/Share $1.09 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EEM	ISHARES TR	4,403,300	$184M	15.4%	$41.82	—	—	Put	464287234
ASHR	DBX ETF TR	4,357,700	$115M	9.6%	$26.47	$27.89	-5.1%	Call	233051879
EMBJ	EMBRAER S.A.	2,670,740	$97.96M	8.2%	$36.68	$27.81	+31.9%	SPONSORED ADS	29082A107
EGO	ELDORADO GOLD CORP NEW	6,040,730	$89.83M	7.5%	$14.87	$10.32	+44.1%	COM	284902509
AU	ANGLOGOLD ASHANTI PLC	3,459,193	$79.84M	6.7%	$23.08 *	$21.89	+0.4%	COM SHS	G0378L100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	383,886	$75.81M	6.3%	$197.49	$106.08	+86.2%	SPONSORED ADS	874039100
EDU	NEW ORIENTAL ED & TECHNOLOGY	1,042,689	$66.92M	5.6%	$64.18	$68.60	-6.4%	SPON ADR	647581206
CPA	COPA HOLDINGS SA	701,867	$61.68M	5.2%	$87.88 *	$83.92	-1.3%	CL A	P31076105
IBN	ICICI BANK LIMITED	1,751,047	$52.29M	4.4%	$29.86	$24.09	+24.0%	ADR	45104G104
SE	SEA LTD	474,672	$50.36M	4.2%	$106.10	$75.46	+40.6%	SPONSORD ADS	81141R100
AAPL	APPLE INC	197,500	$49.46M	4.1%	$250.42	—	—	Put	037833100
FMX	FOMENTO ECONOMICO MEXICANO S	543,167	$46.44M	3.9%	$85.49	$106.07	-19.4%	SPON ADR UNITS	344419106
BEKE	KE HLDGS INC	1,745,724	$32.16M	2.7%	$18.42	$20.61	-10.6%	SPONSORED ADS	482497104
JD	JD.COM INC	827,951	$28.71M	2.4%	$34.67	$38.71	-10.4%	SPON ADS CL A	47215P106
RNW	RENEW ENERGY GLOBAL PLC	3,654,991	$24.96M	2.1%	$6.83	$7.64	-10.6%	CL A SHS	G7500M104
FNV	FRANCO NEV CORP	206,418	$24.27M	2.0%	$117.59	$116.46	+0.5%	COM	351858105
MMYT	MAKEMYTRIP LIMITED MAURITIUS	210,950	$23.69M	2.0%	$112.28	$68.26	+64.5%	SHS	V5633W109
YUMC	YUM CHINA HLDGS INC	489,307	$23.57M	2.0%	$48.17	$33.83	+42.4%	COM	98850P109
TS	TENARIS S A	437,806	$16.54M	1.4%	$37.79	$35.48	+6.5%	SPONSORED ADS	88031M109
ASHR	DBX ETF TR	506,000	$13.39M	1.1%	$26.47	$27.89	-5.1%	XTRACK HRVST CSI	233051879
CX	CEMEX SAB DE CV	2,215,050	$12.49M	1.0%	$5.64	$6.18	-8.8%	SPON ADR NEW	151290889
SPY	SPDR S&P 500 ETF TR	20,931	$12.27M	1.0%	$586.08	$537.24	+9.1%	TR UNIT	78462F103
BAP	CREDICORP LTD	40,669	$7.455M	0.6%	$183.32 *	$159.11	+9.1%	COM	G2519Y108
PDD	PDD HOLDINGS INC	60,220	$5.841M	0.5%	$96.99	$123.11	-21.2%	SPONSORED ADS	722304102
RNWWW	RENEW ENERGY GLOBAL PLC	64,966	$10,589	0.0%	$0.16	$1.09	—	*W EXP 08/21/202	G7500M120