Filed: 11/12/2025ACC: 0001172661-25-004724
📋 What this filing means
CARRHAE CAPITAL LLP filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $1.70B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$1.70B
Total AUM (reported)
37.78M
Total Shares
Allocation by class
SPONSORED ADS$524.41M30.9%
COM$245.05M14.4%
XTRACK HRVST CSI$226.51M13.3%
ISHARES$212.76M12.5%
ADR$121.00M7.1%
SPONSORD ADS$95.27M5.6%
GOLD SHS$92.07M5.4%
Portfolio Concentration
Top 3$607.24M35.8%
4–10$690.58M40.7%
11–25$399.95M23.6%
Rest$3.0K0.0%
Top 3 weight
35.8%
Top 10 weight
76.4%
Voting Authority Distribution
Total shares with voting rights: 37.78M
Sole
Full voting authority
37.78M
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)
Sole26
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings26
Rows:
DBX ETF TR
SOLEShares6.87M
TypeSH
Market value$226.51M
13.34%
Sole
6.87M
Shared
0.00
None
0.00
ISHARES SILVER TR
SOLEShares5.02M
TypeSH
Market value$212.76M
12.53%
Sole
5.02M
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares601.43K
TypeSH
Market value$167.97M
9.89%
Sole
601.43K
Shared
0.00
None
0.00
ELDORADO GOLD CORP NEW
SOLEShares4.99M
TypeSH
Market value$144.30M
8.50%
Sole
4.99M
Shared
0.00
None
0.00
ICICI BANK LIMITED
SOLEShares4M
TypeSH
Market value$121.00M
7.13%
Sole
4M
Shared
0.00
None
0.00
SEA LTD
SOLEShares533.06K
TypeSH
Market value$95.27M
5.61%
Sole
533.06K
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares259K
TypeSH
Market value$92.07M
5.42%
Sole
259K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares498.23K
TypeSH
Market value$89.05M
5.25%
Sole
498.23K
Shared
0.00
None
0.00
ANGLOGOLD ASHANTI PLC
SOLEShares1.10M
TypeSH
Market value$77.65M
4.57%
Sole
1.10M
Shared
0.00
None
0.00
EMBRAER S.A.
SOLEShares1.18M
TypeSH
Market value$71.25M
4.20%
Sole
1.18M
Shared
0.00
None
0.00
GDS HLDGS LTD
SOLEShares1.65M
TypeSH
Market value$63.79M
3.76%
Sole
1.65M
Shared
0.00
None
0.00
PDD HOLDINGS INC
SOLEShares386.92K
TypeSH
Market value$51.14M
3.01%
Sole
386.92K
Shared
0.00
None
0.00
SYNOPSYS INC
SOLEShares96.22K
TypeSH
Market value$47.47M
2.80%
Sole
96.22K
Shared
0.00
None
0.00
MAKEMYTRIP LIMITED MAURITIUS
SOLEShares378.10K
TypeSH
Market value$35.39M
2.08%
Sole
378.10K
Shared
0.00
None
0.00
FULL TRUCK ALLIANCE CO LTD
SOLEShares2.67M
TypeSH
Market value$34.69M
2.04%
Sole
2.67M
Shared
0.00
None
0.00
EQT CORP
SOLEShares520.04K
TypeSH
Market value$28.31M
1.67%
Sole
520.04K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares644.38K
TypeSH
Market value$25.27M
1.49%
Sole
644.38K
Shared
0.00
None
0.00
FRANCO NEV CORP
SOLEShares112.05K
TypeSH
Market value$24.98M
1.47%
Sole
112.05K
Shared
0.00
None
0.00
VISTA ENERGY S.A.B. DE C.V.
SOLEShares688.40K
TypeSH
Market value$23.68M
1.39%
Sole
688.40K
Shared
0.00
None
0.00
RENEW ENERGY GLOBAL PLC
SOLEShares2.77M
TypeSH
Market value$21.31M
1.26%
Sole
2.77M
Shared
0.00
None
0.00
WERIDE INC
SOLEShares1.63M
TypeSH
Market value$16.15M
0.95%
Sole
1.63M
Shared
0.00
None
0.00
GRUPO FINANCIERO GALICIA S.A
SOLEShares315.70K
TypeSH
Market value$8.70M
0.51%
Sole
315.70K
Shared
0.00
None
0.00
PONY AI INC
SOLEShares297.30K
TypeSH
Market value$6.69M
0.39%
Sole
297.30K
Shared
0.00
None
0.00
SHELL PLC
SOLEShares88.63K
TypeSH
Market value$6.34M
0.37%
Sole
88.63K
Shared
0.00
None
0.00
JBS N.V.
SOLEShares404.67K
TypeSH
Market value$6.04M
0.36%
Sole
404.67K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
DBX ETF TRSOLE | XTRACK HRVST CSI | 6.87M | SH | $226.51M 13.34% | 6.87M | 0.00 | 0.00 |
ISHARES SILVER TRSOLE | ISHARES | 5.02M | SH | $212.76M 12.53% | 5.02M | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 601.43K | SH | $167.97M 9.89% | 601.43K | 0.00 | 0.00 |
ELDORADO GOLD CORP NEWSOLE | COM | 4.99M | SH | $144.30M 8.50% | 4.99M | 0.00 | 0.00 |
ICICI BANK LIMITEDSOLE | ADR | 4M | SH | $121.00M 7.13% | 4M | 0.00 | 0.00 |
SEA LTDSOLE | SPONSORD ADS | 533.06K | SH | $95.27M 5.61% | 533.06K | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 259K | SH | $92.07M 5.42% | 259K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 498.23K | SH | $89.05M 5.25% | 498.23K | 0.00 | 0.00 |
ANGLOGOLD ASHANTI PLCSOLE | COM SHS | 1.10M | SH | $77.65M 4.57% | 1.10M | 0.00 | 0.00 |
EMBRAER S.A.SOLE | SPONSORED ADS | 1.18M | SH | $71.25M 4.20% | 1.18M | 0.00 | 0.00 |
GDS HLDGS LTDSOLE | SPONSORED ADS | 1.65M | SH | $63.79M 3.76% | 1.65M | 0.00 | 0.00 |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 386.92K | SH | $51.14M 3.01% | 386.92K | 0.00 | 0.00 |
SYNOPSYS INCSOLE | COM | 96.22K | SH | $47.47M 2.80% | 96.22K | 0.00 | 0.00 |
MAKEMYTRIP LIMITED MAURITIUSSOLE | SHS | 378.10K | SH | $35.39M 2.08% | 378.10K | 0.00 | 0.00 |
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 2.67M | SH | $34.69M 2.04% | 2.67M | 0.00 | 0.00 |
EQT CORPSOLE | COM | 520.04K | SH | $28.31M 1.67% | 520.04K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 644.38K | SH | $25.27M 1.49% | 644.38K | 0.00 | 0.00 |
FRANCO NEV CORPSOLE | COM | 112.05K | SH | $24.98M 1.47% | 112.05K | 0.00 | 0.00 |
VISTA ENERGY S.A.B. DE C.V.SOLE | SPONSORED ADS | 688.40K | SH | $23.68M 1.39% | 688.40K | 0.00 | 0.00 |
RENEW ENERGY GLOBAL PLCSOLE | CL A SHS | 2.77M | SH | $21.31M 1.26% | 2.77M | 0.00 | 0.00 |
WERIDE INCSOLE | SPONSORED ADS | 1.63M | SH | $16.15M 0.95% | 1.63M | 0.00 | 0.00 |
GRUPO FINANCIERO GALICIA S.ASOLE | SPONSORED ADR | 315.70K | SH | $8.70M 0.51% | 315.70K | 0.00 | 0.00 |
PONY AI INCSOLE | SPONSORED ADS | 297.30K | SH | $6.69M 0.39% | 297.30K | 0.00 | 0.00 |
SHELL PLCSOLE | SPON ADS | 88.63K | SH | $6.34M 0.37% | 88.63K | 0.00 | 0.00 |
JBS N.V.SOLE | CL A SHS | 404.67K | SH | $6.04M 0.36% | 404.67K | 0.00 | 0.00 |
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