Filed: 5/14/2026ACC: 0001172661-26-001832
📋 What this filing means
CARRHAE CAPITAL LLP filed this quarterly 13F‑HR report disclosing 27 equity positions with a total reported market value of $3.34B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
27
Positions
$3.34B
Total AUM (reported)
57.02M
Total Shares
Allocation by class
UNIT SER 1$1.43B42.9%
SPONSORED ADS$811.47M24.3%
COM$191.44M5.7%
ISHARES$179.02M5.4%
SPON ADR REP PFD$171.31M5.1%
ADR$130.53M3.9%
UNITS$75.94M2.3%
Portfolio Concentration
Top 3$1.87B55.9%
4–10$984.38M29.5%
11–25$474.96M14.2%
Rest$11.46M0.3%
Top 3 weight
55.9%
Top 10 weight
85.4%
Voting Authority Distribution
Total shares with voting rights: 57.02M
Sole
Full voting authority
55M
shares
% of voting shares96.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.03M
shares
% of voting shares3.6%
Investment Discretion (by position count)
Sole27
Shared0
Other0
Dominant voting typeSole · 96.4% of voting shares
Institutional Holdings27
Rows:
INVESCO QQQ TR
SOLEShares2.48M
TypeSH
Market value$1.43B
42.86%
Sole
2.48M
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MANUFAC
SOLEShares659.18K
TypeSH
Market value$222.77M
6.68%
Sole
631.09K
Shared
0.00
None
28.09K
ALIBABA GROUP HLDG LTD
SOLEShares1.70M
TypeSH
Market value$213.24M
6.39%
Sole
1.63M
Shared
0.00
None
74.33K
ISHARES SILVER TR
SOLEShares2.63M
TypeSH
Market value$179.02M
5.36%
Sole
2.63M
Shared
0.00
None
0.00
EMBRAER S.A.
SOLEShares2.89M
TypeSH
Market value$171.41M
5.14%
Sole
2.78M
Shared
0.00
None
103.86K
ITAU UNIBANCO HLDG S A
SOLEShares20.44M
TypeSH
Market value$171.31M
5.13%
Sole
19.64M
Shared
0.00
None
798.70K
ELDORADO GOLD CORP NEW
SOLEShares4.90M
TypeSH
Market value$168.14M
5.04%
Sole
4.71M
Shared
0.00
None
190.54K
ICICI BANK LIMITED
SOLEShares5.04M
TypeSH
Market value$130.53M
3.91%
Sole
4.87M
Shared
0.00
None
172.47K
GDS HLDGS LTD
SOLEShares2.18M
TypeSH
Market value$88.02M
2.64%
Sole
2.10M
Shared
0.00
None
86.83K
UNITED STS OIL FD LP
SOLEShares596.80K
TypeSH
Market value$75.94M
2.28%
Sole
596.80K
Shared
0.00
None
0.00
COPA HOLDINGS SA
SOLEShares518.11K
TypeSH
Market value$58.86M
1.76%
Sole
496.64K
Shared
0.00
None
21.47K
SPDR GOLD TR
SOLEShares135.80K
TypeSH
Market value$58.43M
1.75%
Sole
135.80K
Shared
0.00
None
0.00
KRANESHARES TRUST
SOLEShares1.86M
TypeSH
Market value$52.86M
1.58%
Sole
1.86M
Shared
0.00
None
0.00
PDD HOLDINGS INC
SOLEShares515.27K
TypeSH
Market value$52.65M
1.58%
Sole
508.78K
Shared
0.00
None
6.50K
JBS N.V.
SOLEShares2.55M
TypeSH
Market value$45.73M
1.37%
Sole
2.32M
Shared
0.00
None
227.97K
DBX ETF TR
SOLEShares1.34M
TypeSH
Market value$43.58M
1.31%
Sole
1.34M
Shared
0.00
None
0.00
HESAI GROUP
SOLEShares1.57M
TypeSH
Market value$29.99M
0.90%
Sole
1.51M
Shared
0.00
None
60.98K
SLB LIMITED
SOLEShares556.82K
TypeSH
Market value$28.61M
0.86%
Sole
556.82K
Shared
0.00
None
0.00
ANGLOGOLD ASHANTI PLC
SOLEShares252.97K
TypeSH
Market value$24.63M
0.74%
Sole
230.37K
Shared
0.00
None
22.59K
HALLIBURTON CO
SOLEShares597.72K
TypeSH
Market value$23.31M
0.70%
Sole
597.72K
Shared
0.00
None
0.00
TENARIS S A
SOLEShares337.43K
TypeSH
Market value$19.63M
0.59%
Sole
337.43K
Shared
0.00
None
0.00
VNET GROUP INC
SOLEShares1.51M
TypeSH
Market value$12.69M
0.38%
Sole
1.44M
Shared
0.00
None
69.76K
ARCELORMITTAL SA LUXEMBOURG
SOLEShares196.68K
TypeSH
Market value$10.22M
0.31%
Sole
179.19K
Shared
0.00
None
17.49K
NETEASE COM INC
SOLEShares69.17K
TypeSH
Market value$7.74M
0.23%
Sole
62.90K
Shared
0.00
None
6.27K
VISTA ENERGY S.A.B. DE C.V.
SOLEShares79.69K
TypeSH
Market value$6.01M
0.18%
Sole
79.69K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRSOLE | UNIT SER 1 | 2.48M | SH | $1.43B 42.86% | 2.48M | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MANUFACSOLE | SPONSORED ADS | 659.18K | SH | $222.77M 6.68% | 631.09K | 0.00 | 28.09K |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 1.70M | SH | $213.24M 6.39% | 1.63M | 0.00 | 74.33K |
ISHARES SILVER TRSOLE | ISHARES | 2.63M | SH | $179.02M 5.36% | 2.63M | 0.00 | 0.00 |
EMBRAER S.A.SOLE | SPONSORED ADS | 2.89M | SH | $171.41M 5.14% | 2.78M | 0.00 | 103.86K |
ITAU UNIBANCO HLDG S ASOLE | SPON ADR REP PFD | 20.44M | SH | $171.31M 5.13% | 19.64M | 0.00 | 798.70K |
ELDORADO GOLD CORP NEWSOLE | COM | 4.90M | SH | $168.14M 5.04% | 4.71M | 0.00 | 190.54K |
ICICI BANK LIMITEDSOLE | ADR | 5.04M | SH | $130.53M 3.91% | 4.87M | 0.00 | 172.47K |
GDS HLDGS LTDSOLE | SPONSORED ADS | 2.18M | SH | $88.02M 2.64% | 2.10M | 0.00 | 86.83K |
UNITED STS OIL FD LPSOLE | UNITS | 596.80K | SH | $75.94M 2.28% | 596.80K | 0.00 | 0.00 |
COPA HOLDINGS SASOLE | CL A | 518.11K | SH | $58.86M 1.76% | 496.64K | 0.00 | 21.47K |
SPDR GOLD TRSOLE | GOLD SHS | 135.80K | SH | $58.43M 1.75% | 135.80K | 0.00 | 0.00 |
KRANESHARES TRUSTSOLE | CSI CHI INTERNET | 1.86M | SH | $52.86M 1.58% | 1.86M | 0.00 | 0.00 |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 515.27K | SH | $52.65M 1.58% | 508.78K | 0.00 | 6.50K |
JBS N.V.SOLE | CL A SHS | 2.55M | SH | $45.73M 1.37% | 2.32M | 0.00 | 227.97K |
DBX ETF TRSOLE | XTRACK HRVST CSI | 1.34M | SH | $43.58M 1.31% | 1.34M | 0.00 | 0.00 |
HESAI GROUPSOLE | SPONSORED ADS | 1.57M | SH | $29.99M 0.90% | 1.51M | 0.00 | 60.98K |
SLB LIMITEDSOLE | COM STK | 556.82K | SH | $28.61M 0.86% | 556.82K | 0.00 | 0.00 |
ANGLOGOLD ASHANTI PLCSOLE | COM SHS | 252.97K | SH | $24.63M 0.74% | 230.37K | 0.00 | 22.59K |
HALLIBURTON COSOLE | COM | 597.72K | SH | $23.31M 0.70% | 597.72K | 0.00 | 0.00 |
TENARIS S ASOLE | SPONSORED ADS | 337.43K | SH | $19.63M 0.59% | 337.43K | 0.00 | 0.00 |
VNET GROUP INCSOLE | SPONSORED ADS A | 1.51M | SH | $12.69M 0.38% | 1.44M | 0.00 | 69.76K |
ARCELORMITTAL SA LUXEMBOURGSOLE | NY REGISTRY SH | 196.68K | SH | $10.22M 0.31% | 179.19K | 0.00 | 17.49K |
NETEASE COM INCSOLE | SPONSORED ADS | 69.17K | SH | $7.74M 0.23% | 62.90K | 0.00 | 6.27K |
VISTA ENERGY S.A.B. DE C.V.SOLE | SPONSORED ADS | 79.69K | SH | $6.01M 0.18% | 79.69K | 0.00 | 0.00 |
Page 1 of 2