Carrhae Capital LLP Hedge Fund

CIK: 0001555254 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 5, 2025

Total Value ($000): $1,367,784 (100.0% shares, 0.0% debt)

Holdings (28)

SLV ISHARES SILVER TR 8.7%

Value ($000) $119,674 Shares 3,647,500 Est. Cost $31.21 Unrealized —

EMBJ EMBRAER S.A. 8.2%

Value ($000) $112,328 Shares 1,973,790 Est. Cost $56.91 Unrealized —

ASHR DBX ETF TR 7.8%

Value ($000) $106,442 Shares 3,865,000 Est. Cost $26.52 Unrealized —

EEM ISHARES TR 7.0%

Value ($000) $96,239 Shares 1,995,000 Est. Cost — Unrealized —

EGO ELDORADO GOLD CORP NEW 6.7%

Value ($000) $91,825 Shares 4,514,485 Est. Cost $10.78 Unrealized +80.6%

SE SEA LTD 4.8%

Value ($000) $66,049 Shares 412,960 Est. Cost $99.34 Unrealized —

BABA ALIBABA GROUP HLDG LTD 4.3%

Value ($000) $59,395 Shares 523,722 Est. Cost $132.23 Unrealized —

FCX FREEPORT-MCMORAN INC 4.3%

Value ($000) $58,482 Shares 1,349,063 Est. Cost $37.70 Unrealized 0.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.3%

Value ($000) $58,435 Shares 258,001 Est. Cost $226.49 Unrealized —

MMYT MAKEMYTRIP LIMITED MAURITIUS 4.1%

Value ($000) $56,517 Shares 576,586 Est. Cost $89.69 Unrealized +12.5%

CPA COPA HOLDINGS SA 4.1%

Value ($000) $56,320 Shares 512,143 Est. Cost $84.32 Unrealized +12.9%

AU ANGLOGOLD ASHANTI PLC 4.0%

Value ($000) $54,689 Shares 1,200,111 Est. Cost $21.89 Unrealized +91.4%

PDD PDD HOLDINGS INC 3.9%

Value ($000) $52,706 Shares 503,595 Est. Cost $112.23 Unrealized —

YUMC YUM CHINA HLDGS INC 3.6%

Value ($000) $48,868 Shares 1,092,990 Est. Cost $44.71 Unrealized 0.0%

BAP CREDICORP LTD 3.5%

Value ($000) $47,790 Shares 213,806 Est. Cost $174.06 Unrealized +13.3%

FNV FRANCO NEV CORP 3.3%

Value ($000) $45,069 Shares 274,946 Est. Cost $141.29 Unrealized +16.9%

TECK TECK RESOURCES LTD 3.3%

Value ($000) $44,718 Shares 1,107,431 Est. Cost $41.48 Unrealized -12.9%

LVS LAS VEGAS SANDS CORP 3.1%

Value ($000) $41,849 Shares 961,827 Est. Cost $38.47 Unrealized 0.0%

BEKE KE HLDGS INC 1.8%

Value ($000) $24,147 Shares 1,361,179 Est. Cost $17.74 Unrealized —

SLV ISHARES SILVER TR 1.6%

Value ($000) $21,548 Shares 656,743 Est. Cost $31.21 Unrealized —

VIST VISTA ENERGY S.A.B. DE C.V. 1.4%

Value ($000) $19,152 Shares 400,582 Est. Cost $47.81 Unrealized —

RNW RENEW ENERGY GLOBAL PLC 1.4%

Value ($000) $19,122 Shares 2,767,298 Est. Cost $7.64 Unrealized -14.5%

EDU NEW ORIENTAL ED & TECHNOLOGY 1.4%

Value ($000) $18,717 Shares 346,937 Est. Cost $53.95 Unrealized —

HBM HUDBAY MINERALS INC 1.2%

Value ($000) $16,392 Shares 1,544,993 Est. Cost $8.14 Unrealized +2.3%

NXPI NXP SEMICONDUCTORS N V 1.0%

Value ($000) $13,840 Shares 63,342 Est. Cost $209.53 Unrealized -8.0%

GDS GDS HLDGS LTD 0.9%

Value ($000) $12,745 Shares 416,903 Est. Cost $30.57 Unrealized —

EH EHANG HLDGS LTD 0.3%

Value ($000) $4,717 Shares 271,700 Est. Cost $17.36 Unrealized —

RNWWW RENEW ENERGY GLOBAL PLC 0.0%

Value ($000) $9 Shares 64,966 Est. Cost $1.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLV	ISHARES SILVER TR	3,647,500	$119,674	8.7%	$31.21	—	Call	46428Q109
EMBJ	EMBRAER S.A.	1,973,790	$112,328	8.2%	$56.91	—	SPONSORED ADS	29082A107
ASHR	DBX ETF TR	3,865,000	$106,442	7.8%	$26.52	—	Call	233051879
EEM	ISHARES TR	1,995,000	$96,239	7.0%	—	—	Put	464287234
EGO	ELDORADO GOLD CORP NEW	4,514,485	$91,825	6.7%	$10.78	+80.6%	COM	284902509
SE	SEA LTD	412,960	$66,049	4.8%	$99.34	—	SPONSORD ADS	81141R100
BABA	ALIBABA GROUP HLDG LTD	523,722	$59,395	4.3%	$132.23	—	SPONSORED ADS	01609W102
FCX	FREEPORT-MCMORAN INC	1,349,063	$58,482	4.3%	$37.70	0.0%	CL B	35671D857
TSM	TAIWAN SEMICONDUCTOR MFG LTD	258,001	$58,435	4.3%	$226.49	—	SPONSORED ADS	874039100
MMYT	MAKEMYTRIP LIMITED MAURITIUS	576,586	$56,517	4.1%	$89.69	+12.5%	SHS	V5633W109
CPA	COPA HOLDINGS SA	512,143	$56,320	4.1%	$84.32	+12.9%	CL A	P31076105
AU	ANGLOGOLD ASHANTI PLC	1,200,111	$54,689	4.0%	$21.89	+91.4%	COM SHS	G0378L100
PDD	PDD HOLDINGS INC	503,595	$52,706	3.9%	$112.23	—	SPONSORED ADS	722304102
YUMC	YUM CHINA HLDGS INC	1,092,990	$48,868	3.6%	$44.71	0.0%	COM	98850P109
BAP	CREDICORP LTD	213,806	$47,790	3.5%	$174.06	+13.3%	COM	G2519Y108
FNV	FRANCO NEV CORP	274,946	$45,069	3.3%	$141.29	+16.9%	COM	351858105
TECK	TECK RESOURCES LTD	1,107,431	$44,718	3.3%	$41.48	-12.9%	CL B	878742204
LVS	LAS VEGAS SANDS CORP	961,827	$41,849	3.1%	$38.47	0.0%	COM	517834107
BEKE	KE HLDGS INC	1,361,179	$24,147	1.8%	$17.74	—	SPONSORED ADS	482497104
SLV	ISHARES SILVER TR	656,743	$21,548	1.6%	$31.21	—	ISHARES	46428Q109
VIST	VISTA ENERGY S.A.B. DE C.V.	400,582	$19,152	1.4%	$47.81	—	SPONSORED ADS	92837L109
RNW	RENEW ENERGY GLOBAL PLC	2,767,298	$19,122	1.4%	$7.64	-14.5%	CL A SHS	G7500M104
EDU	NEW ORIENTAL ED & TECHNOLOGY	346,937	$18,717	1.4%	$53.95	—	SPON ADR	647581206
HBM	HUDBAY MINERALS INC	1,544,993	$16,392	1.2%	$8.14	+2.3%	COM	443628102
NXPI	NXP SEMICONDUCTORS N V	63,342	$13,840	1.0%	$209.53	-8.0%	COM	N6596X109
GDS	GDS HLDGS LTD	416,903	$12,745	0.9%	$30.57	—	SPONSORED ADS	36165L108
EH	EHANG HLDGS LTD	271,700	$4,717	0.3%	$17.36	—	ADS	26853E102
RNWWW	RENEW ENERGY GLOBAL PLC	64,966	$9	0.0%	$1.09	—	*W EXP 08/21/202	G7500M120