Filed: 5/2/2025ACC: 0001172661-25-001564
📋 What this filing means
CARRHAE CAPITAL LLP filed this quarterly 13F‑HR report disclosing 23 equity positions with a total reported market value of $1.37B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
23
Positions
$1.37B
Total AUM (reported)
47.71M
Total Shares
Allocation by class
MSCI EMG MKT ETF$339.32M24.8%
COM$205.47M15.0%
XTRACK HRVST CSI$167.86M12.3%
SPONSORED ADS$136.75M10.0%
ADR$81.37M6.0%
SPONSORD ADS$71.99M5.3%
CL A$71.93M5.3%
Portfolio Concentration
Top 3$619.70M45.3%
4–10$460.22M33.7%
11–25$287.02M21.0%
Top 3 weight
45.3%
Top 10 weight
79.0%
Voting Authority Distribution
Total shares with voting rights: 47.71M
Sole
Full voting authority
47.71M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole23
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings23
Rows:
ISHARES TR
SOLEShares7.76M
TypeSH
Market value$339.32M
24.82%
Sole
7.76M
Shared
0.00
None
0.00
DBX ETF TR
SOLEShares6.32M
TypeSH
Market value$167.86M
12.28%
Sole
6.32M
Shared
0.00
None
0.00
ELDORADO GOLD CORP NEW
SOLEShares6.69M
TypeSH
Market value$112.51M
8.23%
Sole
6.69M
Shared
0.00
None
0.00
ICICI BANK LIMITED
SOLEShares2.58M
TypeSH
Market value$81.37M
5.95%
Sole
2.58M
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares558.97K
TypeSH
Market value$73.91M
5.41%
Sole
558.97K
Shared
0.00
None
0.00
SEA LTD
SOLEShares551.70K
TypeSH
Market value$71.99M
5.27%
Sole
551.70K
Shared
0.00
None
0.00
COPA HOLDINGS SA
SOLEShares777.93K
TypeSH
Market value$71.93M
5.26%
Sole
777.93K
Shared
0.00
None
0.00
PETROLEO BRASILEIRO SA PETRO
SOLEShares4.52M
TypeSH
Market value$64.76M
4.74%
Sole
4.52M
Shared
0.00
None
0.00
ANGLOGOLD ASHANTI PLC
SOLEShares1.34M
TypeSH
Market value$49.78M
3.64%
Sole
1.34M
Shared
0.00
None
0.00
TECK RESOURCES LTD
SOLEShares1.28M
TypeSH
Market value$46.48M
3.40%
Sole
1.28M
Shared
0.00
None
0.00
HDFC BANK LTD
SOLEShares595.90K
TypeSH
Market value$39.59M
2.90%
Sole
595.90K
Shared
0.00
None
0.00
MAKEMYTRIP LIMITED MAURITIUS
SOLEShares397.94K
TypeSH
Market value$38.99M
2.85%
Sole
397.94K
Shared
0.00
None
0.00
CREDICORP LTD
SOLEShares198.88K
TypeSH
Market value$37.02M
2.71%
Sole
198.88K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares764.50K
TypeSH
Market value$27.40M
2.00%
Sole
764.50K
Shared
0.00
None
0.00
PDD HOLDINGS INC
SOLEShares196.44K
TypeSH
Market value$23.25M
1.70%
Sole
196.44K
Shared
0.00
None
0.00
RENEW ENERGY GLOBAL PLC
SOLEShares3.65M
TypeSH
Market value$21.53M
1.57%
Sole
3.65M
Shared
0.00
None
0.00
FRANCO NEV CORP
SOLEShares134.99K
TypeSH
Market value$21.27M
1.56%
Sole
134.99K
Shared
0.00
None
0.00
NXP SEMICONDUCTORS N V
SOLEShares107.43K
TypeSH
Market value$20.42M
1.49%
Sole
107.43K
Shared
0.00
None
0.00
GERDAU SA
SOLEShares6.57M
TypeSH
Market value$18.66M
1.36%
Sole
6.57M
Shared
0.00
None
0.00
ISHARES SILVER TR
SOLEShares576.96K
TypeSH
Market value$17.88M
1.31%
Sole
576.96K
Shared
0.00
None
0.00
HUDBAY MINERALS INC
SOLEShares1.88M
TypeSH
Market value$14.24M
1.04%
Sole
1.88M
Shared
0.00
None
0.00
KRANESHARES TRUST
SOLEShares193.59K
TypeSH
Market value$6.76M
0.49%
Sole
193.59K
Shared
0.00
None
0.00
RENEW ENERGY GLOBAL PLC
SOLEShares64.97K
TypeSH
Market value$6.3K
<0.01%
Sole
64.97K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | MSCI EMG MKT ETF | 7.76M | SH | $339.32M 24.82% | 7.76M | 0.00 | 0.00 |
DBX ETF TRSOLE | XTRACK HRVST CSI | 6.32M | SH | $167.86M 12.28% | 6.32M | 0.00 | 0.00 |
ELDORADO GOLD CORP NEWSOLE | COM | 6.69M | SH | $112.51M 8.23% | 6.69M | 0.00 | 0.00 |
ICICI BANK LIMITEDSOLE | ADR | 2.58M | SH | $81.37M 5.95% | 2.58M | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 558.97K | SH | $73.91M 5.41% | 558.97K | 0.00 | 0.00 |
SEA LTDSOLE | SPONSORD ADS | 551.70K | SH | $71.99M 5.27% | 551.70K | 0.00 | 0.00 |
COPA HOLDINGS SASOLE | CL A | 777.93K | SH | $71.93M 5.26% | 777.93K | 0.00 | 0.00 |
PETROLEO BRASILEIRO SA PETROSOLE | SPONSORED ADR | 4.52M | SH | $64.76M 4.74% | 4.52M | 0.00 | 0.00 |
ANGLOGOLD ASHANTI PLCSOLE | COM SHS | 1.34M | SH | $49.78M 3.64% | 1.34M | 0.00 | 0.00 |
TECK RESOURCES LTDSOLE | CL B | 1.28M | SH | $46.48M 3.40% | 1.28M | 0.00 | 0.00 |
HDFC BANK LTDSOLE | SPONSORED ADS | 595.90K | SH | $39.59M 2.90% | 595.90K | 0.00 | 0.00 |
MAKEMYTRIP LIMITED MAURITIUSSOLE | SHS | 397.94K | SH | $38.99M 2.85% | 397.94K | 0.00 | 0.00 |
CREDICORP LTDSOLE | COM | 198.88K | SH | $37.02M 2.71% | 198.88K | 0.00 | 0.00 |
ISHARES TRSOLE | CHINA LG-CAP ETF | 764.50K | SH | $27.40M 2.00% | 764.50K | 0.00 | 0.00 |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 196.44K | SH | $23.25M 1.70% | 196.44K | 0.00 | 0.00 |
RENEW ENERGY GLOBAL PLCSOLE | CL A SHS | 3.65M | SH | $21.53M 1.57% | 3.65M | 0.00 | 0.00 |
FRANCO NEV CORPSOLE | COM | 134.99K | SH | $21.27M 1.56% | 134.99K | 0.00 | 0.00 |
NXP SEMICONDUCTORS N VSOLE | COM | 107.43K | SH | $20.42M 1.49% | 107.43K | 0.00 | 0.00 |
GERDAU SASOLE | SPON ADR REP PFD | 6.57M | SH | $18.66M 1.36% | 6.57M | 0.00 | 0.00 |
ISHARES SILVER TRSOLE | ISHARES | 576.96K | SH | $17.88M 1.31% | 576.96K | 0.00 | 0.00 |
HUDBAY MINERALS INCSOLE | COM | 1.88M | SH | $14.24M 1.04% | 1.88M | 0.00 | 0.00 |
KRANESHARES TRUSTSOLE | CSI CHI INTERNET | 193.59K | SH | $6.76M 0.49% | 193.59K | 0.00 | 0.00 |
RENEW ENERGY GLOBAL PLCSOLE | *W EXP 08/21/202 | 64.97K | SH | $6.3K <0.01% | 64.97K | 0.00 | 0.00 |