North of South Capital LLP Diversified Active

Name: North of South Capital LLP Q2 2026 13F Filing | 13F Explorer
Creator: North of South Capital LLP
Published: 2026-07-30

Location: London, United Kingdom

CIK: 0002033334 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 30, 2026

Total Value: $1.359B (100.0% shares, 0.0% debt)

Holdings (28)

New Positions (3)

YUMC YUM CHINA HO 4.6%

Value $62.8M Shares 1,536,481 Est. Cost $40.87 Unrealized —

HDB HDFC BANK-ADR 3.0%

Value $41.15M Shares 1,593,267 Est. Cost $25.83 Unrealized —

JOYY JOYY INC-ADR 0.2%

Value $2.619M Shares 39,681 Est. Cost $65.99 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
YUMC	YUM CHINA HO	1,536,481	$62.8M	4.6%	$40.87	—	COMMON STOCK	98850P109
HDB	HDFC BANK-ADR	1,593,267	$41.15M	3.0%	$25.83	—	SPONSORED ADS	40415F101
JOYY	JOYY INC-ADR	39,681	$2.619M	0.2%	$65.99	—	ADS REPSTG COM	46591M109

Increased Positions (11)

KSPI JSC KASPI.KZ 6.3%

Value $85.55M (+102.7%) Shares 987,390 (+73.3%) Est. Cost $79.46 Unrealized —

JD JD.COM INC-ADR 12.5%

Value $170M (+30.1%) Shares 6,661,845 (+51.0%) Est. Cost $30.76 Unrealized —

IBN ICICI BANK-ADR 18.6%

Value $252M (+15.4%) Shares 8,690,448 (+3.0%) Est. Cost $29.57 Unrealized —

BIDU BAIDU INC-SP ADR 7.7%

Value $105M (+27.5%) Shares 918,941 (+24.3%) Est. Cost $102.56 Unrealized —

YPF YPF SA-ADR 13.5%

Value $183M (+12.3%) Shares 4,023,562 (+14.2%) Est. Cost $37.72 Unrealized —

YMM FULL TRUCK A-ADR 7.7%

Value $105M (+13.8%) Shares 12,936,046 (+16.4%) Est. Cost $10.58 Unrealized —

TGS TRANSPORT GA-ADR 1.9%

Value $25.66M (+15.7%) Shares 863,044 (+34.6%) Est. Cost $33.35 Unrealized —

KT KT CORP-ADR 0.3%

Value $4.021M (+96.9%) Shares 232,718 (+144.4%) Est. Cost $16.82 Unrealized —

TLK TELEKOMUNIKA-ADR 0.1%

Value $944K (-26.6%) Shares 70,259 (+2.1%) Est. Cost $18.57 Unrealized —

AXIA AXIA ENERGIA-ADR 0.1%

Value $1.873M (+10.4%) Shares 177,337 (+17.9%) Est. Cost $9.84 Unrealized —

HMY HARMONY GOLD-ADR 0.2%

Value $2.144M (+3.7%) Shares 140,946 (+4.8%) Est. Cost $18.42 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KSPI	JSC KASPI.KZ	987,390 (+73.3%)	$85.55M (+102.7%)	6.3%	$79.46	—	SPONSORED ADS	48581R205
JD	JD.COM INC-ADR	6,661,845 (+51.0%)	$170M (+30.1%)	12.5%	$30.76	—	SPON ADS CL A	47215P106
IBN	ICICI BANK-ADR	8,690,448 (+3.0%)	$252M (+15.4%)	18.6%	$29.57	—	ADR	45104G104
BIDU	BAIDU INC-SP ADR	918,941 (+24.3%)	$105M (+27.5%)	7.7%	$102.56	—	SPON ADR REP A	056752108
YPF	YPF SA-ADR	4,023,562 (+14.2%)	$183M (+12.3%)	13.5%	$37.72	—	SPON ADR CL D	984245100
YMM	FULL TRUCK A-ADR	12,936,046 (+16.4%)	$105M (+13.8%)	7.7%	$10.58	—	SPONSORED ADS	35969L108
TGS	TRANSPORT GA-ADR	863,044 (+34.6%)	$25.66M (+15.7%)	1.9%	$33.35	—	SPONSORED ADS	893870204
KT	KT CORP-ADR	232,718 (+144.4%)	$4.021M (+96.9%)	0.3%	$16.82	—	SPONSORED ADR	48268K101
TLK	TELEKOMUNIKA-ADR	70,259 (+2.1%)	$944K (-26.6%)	0.1%	$18.57	—	SPONSORED ADR	715684106
AXIA	AXIA ENERGIA-ADR	177,337 (+17.9%)	$1.873M (+10.4%)	0.1%	$9.84	—	SPONSORED ADR	15234Q207
HMY	HARMONY GOLD-ADR	140,946 (+4.8%)	$2.144M (+3.7%)	0.2%	$18.42	—	SPONSORED ADR	413216300

Exited Positions (4)

LTM LATAM AIRLINES G 0.1%

Value $1.951M Shares 39,455 Est. Cost $51.38 Unrealized —

AMX AMERICA MOVIL SA 0.1%

Value $1.059M Shares 41,563 Est. Cost $25.48 Unrealized —

TS TENARIS-ADR 0.1%

Value $1.052M Shares 18,087 Est. Cost $58.18 Unrealized —

AUGO AURA MINERALS 0.0%

Value $596K Shares 7,304 Est. Cost $28.59 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LTM	LATAM AIRLINES G	39,455	$1.951M	0.1%	$51.38	—	—	51817R205
AMX	AMERICA MOVIL SA	41,563	$1.059M	0.1%	$25.48	—	—	02390A101
TS	TENARIS-ADR	18,087	$1.052M	0.1%	$58.18	—	—	88031M109
AUGO	AURA MINERALS	7,304	$596K	0.0%	$28.59	—	—	G06973112

Decreased Positions (9)

PAAS PAN AMER SILVER 2.0%

Value $26.82M (-57.4%) Shares 598,713 (-48.0%) Est. Cost $31.00 Unrealized —

TSM TAIWAN SEMIC-ADR 11.6%

Value $158M (+14.8%) Shares 330,957 (-18.8%) Est. Cost $179.96 Unrealized —

LAUR LAUREATE EDUCATI 3.1%

Value $42.56M (-20.0%) Shares 1,171,708 (-23.3%) Est. Cost $18.47 Unrealized —

PBR PETROBRAS SA-ADR 0.2%

Value $2.129M (-54.9%) Shares 131,715 (-42.1%) Est. Cost $13.14 Unrealized —

UMC UNITED MICRO-ADR 0.1%

Value $1.38M (-62.1%) Shares 50,700 (-87.5%) Est. Cost $8.34 Unrealized —

BABA ALIBABA GRP-ADR 0.2%

Value $2.382M (-47.3%) Shares 24,816 (-31.2%) Est. Cost $92.08 Unrealized —

ATHM AUTOHOME INC-ADR 4.8%

Value $65.24M (+1.5%) Shares 3,428,188 (-7.4%) Est. Cost $24.86 Unrealized —

BAP CREDICORP LTD 0.1%

Value $1.735M (-27.1%) Shares 4,453 (-36.5%) Est. Cost $239.08 Unrealized —

LOMA LOMA NEGRA C-ADR 0.1%

Value $1.239M (-31.7%) Shares 108,237 (-33.8%) Est. Cost $12.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PAAS	PAN AMER SILVER	598,713 (-48.0%)	$26.82M (-57.4%)	2.0%	$31.00	—	COMMON STOCK	697900108
TSM	TAIWAN SEMIC-ADR	330,957 (-18.8%)	$158M (+14.8%)	11.6%	$179.96	—	SPONSORED ADS	874039100
LAUR	LAUREATE EDUCATI	1,171,708 (-23.3%)	$42.56M (-20.0%)	3.1%	$18.47	—	COMMON STOCK	518613203
PBR	PETROBRAS SA-ADR	131,715 (-42.1%)	$2.129M (-54.9%)	0.2%	$13.14	—	SPONSORED ADR	71654V408
UMC	UNITED MICRO-ADR	50,700 (-87.5%)	$1.38M (-62.1%)	0.1%	$8.34	—	SPONSORED ADR	910873405
BABA	ALIBABA GRP-ADR	24,816 (-31.2%)	$2.382M (-47.3%)	0.2%	$92.08	—	SPONSORED ADS	01609W102
ATHM	AUTOHOME INC-ADR	3,428,188 (-7.4%)	$65.24M (+1.5%)	4.8%	$24.86	—	SP ADS RP CL A	05278C107
BAP	CREDICORP LTD	4,453 (-36.5%)	$1.735M (-27.1%)	0.1%	$239.08	—	COMMON STOCK	G2519Y108
LOMA	LOMA NEGRA C-ADR	108,237 (-33.8%)	$1.239M (-31.7%)	0.1%	$12.45	—	SPONSORED ADS	54150E104

Unchanged Positions (5)

INDA ISHARES MSCI IND 0.8%

Value $10.91M Shares 220,987 Est. Cost $46.84 Unrealized —

VIST VISTA ENERGY SAB 0.2%

Value $2.644M Shares 41,443 Est. Cost $75.47 Unrealized —

MUX MCEWEN INC 0.1%

Value $907K Shares 50,000 Est. Cost $11.97 Unrealized —

BBAR BBVA ARGENT-ADR 0.0%

Value $588K Shares 30,000 Est. Cost $18.12 Unrealized —

TV GRUPO TELEV-ADR 0.0%

Value $271K Shares 100,000 Est. Cost $2.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INDA	ISHARES MSCI IND	220,987	$10.91M	0.8%	$46.84	—	MSCI INDIA ETF	46429B598
VIST	VISTA ENERGY SAB	41,443	$2.644M	0.2%	$75.47	—	SPONSORED ADS A	92837L109
MUX	MCEWEN INC	50,000	$907K	0.1%	$11.97	—	COMMON STOCK	58039P305
BBAR	BBVA ARGENT-ADR	30,000	$588K	0.0%	$18.12	—	SPONSORED ADS	058934100
TV	GRUPO TELEV-ADR	100,000	$271K	0.0%	$2.77	—	SPON ADR REP ORD	40049J206