Filed: 8/5/2025ACC: 0001172661-25-002883
📋 What this filing means
CARRHAE CAPITAL LLP filed this quarterly 13F‑HR report disclosing 27 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.
27
Positions
$1.37B
Total AUM (reported)
32.88M
Total Shares
Allocation by class
SPONSORED ADS$338.91M24.8%
COM$305.63M22.3%
ISHARES$141.22M10.3%
XTRACK HRVST CSI$106.44M7.8%
CL B$103.20M7.5%
MSCI EMG MKT ETF$96.24M7.0%
SPONSORD ADS$66.05M4.8%
Portfolio Concentration
Top 3$359.99M26.3%
4–10$486.94M35.6%
11–25$516.12M37.7%
Rest$4.73M0.3%
Top 3 weight
26.3%
Top 10 weight
61.9%
Voting Authority Distribution
Total shares with voting rights: 32.88M
Sole
Full voting authority
32.88M
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)
Sole27
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings27
Rows:
ISHARES SILVER TR
SOLEShares4.30M
TypeSH
Market value$141.22M
10.32%
Sole
4.30M
Shared
0.00
None
0.00
EMBRAER S.A.
SOLEShares1.97M
TypeSH
Market value$112.33M
8.21%
Sole
1.97M
Shared
0.00
None
0.00
DBX ETF TR
SOLEShares3.87M
TypeSH
Market value$106.44M
7.78%
Sole
3.87M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2M
TypeSH
Market value$96.24M
7.04%
Sole
2M
Shared
0.00
None
0.00
ELDORADO GOLD CORP NEW
SOLEShares4.51M
TypeSH
Market value$91.82M
6.71%
Sole
4.51M
Shared
0.00
None
0.00
SEA LTD
SOLEShares412.96K
TypeSH
Market value$66.05M
4.83%
Sole
412.96K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares523.72K
TypeSH
Market value$59.40M
4.34%
Sole
523.72K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares1.35M
TypeSH
Market value$58.48M
4.28%
Sole
1.35M
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares258K
TypeSH
Market value$58.43M
4.27%
Sole
258K
Shared
0.00
None
0.00
MAKEMYTRIP LIMITED MAURITIUS
SOLEShares576.59K
TypeSH
Market value$56.52M
4.13%
Sole
576.59K
Shared
0.00
None
0.00
COPA HOLDINGS SA
SOLEShares512.14K
TypeSH
Market value$56.32M
4.12%
Sole
512.14K
Shared
0.00
None
0.00
ANGLOGOLD ASHANTI PLC
SOLEShares1.20M
TypeSH
Market value$54.69M
4.00%
Sole
1.20M
Shared
0.00
None
0.00
PDD HOLDINGS INC
SOLEShares503.60K
TypeSH
Market value$52.71M
3.85%
Sole
503.60K
Shared
0.00
None
0.00
YUM CHINA HLDGS INC
SOLEShares1.09M
TypeSH
Market value$48.87M
3.57%
Sole
1.09M
Shared
0.00
None
0.00
CREDICORP LTD
SOLEShares213.81K
TypeSH
Market value$47.79M
3.49%
Sole
213.81K
Shared
0.00
None
0.00
FRANCO NEV CORP
SOLEShares274.95K
TypeSH
Market value$45.07M
3.30%
Sole
274.95K
Shared
0.00
None
0.00
TECK RESOURCES LTD
SOLEShares1.11M
TypeSH
Market value$44.72M
3.27%
Sole
1.11M
Shared
0.00
None
0.00
LAS VEGAS SANDS CORP
SOLEShares961.83K
TypeSH
Market value$41.85M
3.06%
Sole
961.83K
Shared
0.00
None
0.00
KE HLDGS INC
SOLEShares1.36M
TypeSH
Market value$24.15M
1.77%
Sole
1.36M
Shared
0.00
None
0.00
VISTA ENERGY S.A.B. DE C.V.
SOLEShares400.58K
TypeSH
Market value$19.15M
1.40%
Sole
400.58K
Shared
0.00
None
0.00
RENEW ENERGY GLOBAL PLC
SOLEShares2.77M
TypeSH
Market value$19.12M
1.40%
Sole
2.77M
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares346.94K
TypeSH
Market value$18.72M
1.37%
Sole
346.94K
Shared
0.00
None
0.00
HUDBAY MINERALS INC
SOLEShares1.54M
TypeSH
Market value$16.39M
1.20%
Sole
1.54M
Shared
0.00
None
0.00
NXP SEMICONDUCTORS N V
SOLEShares63.34K
TypeSH
Market value$13.84M
1.01%
Sole
63.34K
Shared
0.00
None
0.00
GDS HLDGS LTD
SOLEShares416.90K
TypeSH
Market value$12.74M
0.93%
Sole
416.90K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES SILVER TRSOLE | ISHARES | 4.30M | SH | $141.22M 10.32% | 4.30M | 0.00 | 0.00 |
EMBRAER S.A.SOLE | SPONSORED ADS | 1.97M | SH | $112.33M 8.21% | 1.97M | 0.00 | 0.00 |
DBX ETF TRSOLE | XTRACK HRVST CSI | 3.87M | SH | $106.44M 7.78% | 3.87M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 2M | SH | $96.24M 7.04% | 2M | 0.00 | 0.00 |
ELDORADO GOLD CORP NEWSOLE | COM | 4.51M | SH | $91.82M 6.71% | 4.51M | 0.00 | 0.00 |
SEA LTDSOLE | SPONSORD ADS | 412.96K | SH | $66.05M 4.83% | 412.96K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 523.72K | SH | $59.40M 4.34% | 523.72K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 1.35M | SH | $58.48M 4.28% | 1.35M | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 258K | SH | $58.43M 4.27% | 258K | 0.00 | 0.00 |
MAKEMYTRIP LIMITED MAURITIUSSOLE | SHS | 576.59K | SH | $56.52M 4.13% | 576.59K | 0.00 | 0.00 |
COPA HOLDINGS SASOLE | CL A | 512.14K | SH | $56.32M 4.12% | 512.14K | 0.00 | 0.00 |
ANGLOGOLD ASHANTI PLCSOLE | COM SHS | 1.20M | SH | $54.69M 4.00% | 1.20M | 0.00 | 0.00 |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 503.60K | SH | $52.71M 3.85% | 503.60K | 0.00 | 0.00 |
YUM CHINA HLDGS INCSOLE | COM | 1.09M | SH | $48.87M 3.57% | 1.09M | 0.00 | 0.00 |
CREDICORP LTDSOLE | COM | 213.81K | SH | $47.79M 3.49% | 213.81K | 0.00 | 0.00 |
FRANCO NEV CORPSOLE | COM | 274.95K | SH | $45.07M 3.30% | 274.95K | 0.00 | 0.00 |
TECK RESOURCES LTDSOLE | CL B | 1.11M | SH | $44.72M 3.27% | 1.11M | 0.00 | 0.00 |
LAS VEGAS SANDS CORPSOLE | COM | 961.83K | SH | $41.85M 3.06% | 961.83K | 0.00 | 0.00 |
KE HLDGS INCSOLE | SPONSORED ADS | 1.36M | SH | $24.15M 1.77% | 1.36M | 0.00 | 0.00 |
VISTA ENERGY S.A.B. DE C.V.SOLE | SPONSORED ADS | 400.58K | SH | $19.15M 1.40% | 400.58K | 0.00 | 0.00 |
RENEW ENERGY GLOBAL PLCSOLE | CL A SHS | 2.77M | SH | $19.12M 1.40% | 2.77M | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 346.94K | SH | $18.72M 1.37% | 346.94K | 0.00 | 0.00 |
HUDBAY MINERALS INCSOLE | COM | 1.54M | SH | $16.39M 1.20% | 1.54M | 0.00 | 0.00 |
NXP SEMICONDUCTORS N VSOLE | COM | 63.34K | SH | $13.84M 1.01% | 63.34K | 0.00 | 0.00 |
GDS HLDGS LTDSOLE | SPONSORED ADS | 416.90K | SH | $12.74M 0.93% | 416.90K | 0.00 | 0.00 |
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