Filed: 7/15/2026ACC: 0001172661-26-002627
📋 What this filing means
CARRHAE CAPITAL LLP filed this quarterly 13F‑HR report disclosing 28 equity positions with a total reported market value of $3.62B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
28
Positions
$3.62B
Total AUM (reported)
60.60M
Total Shares
Allocation by class
UNIT SER 1$1.06B29.4%
SPONSORED ADS$677.75M18.7%
MSCI EMG MKT ETF$549.18M15.2%
GOLD SHS$223.98M6.2%
COM$198.37M5.5%
SPONSORED ADR$155.51M4.3%
SPONSORD ADS$140.50M3.9%
Portfolio Concentration
Top 3$1.84B50.7%
4–10$976.41M27.0%
11–25$775.03M21.4%
Rest$33.73M0.9%
Top 3 weight
50.7%
Top 10 weight
77.7%
Voting Authority Distribution
Total shares with voting rights: 60.60M
Sole
Full voting authority
58.43M
shares
% of voting shares96.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.17M
shares
% of voting shares3.6%
Investment Discretion (by position count)
Sole28
Shared0
Other0
Dominant voting typeSole · 96.4% of voting shares
Institutional Holdings28
Rows:
INVESCO QQQ TR
SOLEShares1.44M
TypeSH
Market value$1.06B
29.36%
Sole
1.44M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares8.03M
TypeSH
Market value$549.18M
15.16%
Sole
8.03M
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares608K
TypeSH
Market value$223.98M
6.18%
Sole
608K
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MANUFAC
SOLEShares414.56K
TypeSH
Market value$197.98M
5.47%
Sole
400.91K
Shared
0.00
None
13.65K
ALIBABA GROUP HLDG LTD
SOLEShares1.94M
TypeSH
Market value$186.29M
5.14%
Sole
1.80M
Shared
0.00
None
143.44K
SEA LTD
SOLEShares1.47M
TypeSH
Market value$140.50M
3.88%
Sole
1.40M
Shared
0.00
None
71.11K
EMBRAER S.A.
SOLEShares2.03M
TypeSH
Market value$129.50M
3.58%
Sole
1.94M
Shared
0.00
None
90.66K
ELDORADO GOLD CORP NEW
SOLEShares3.91M
TypeSH
Market value$121.54M
3.36%
Sole
3.75M
Shared
0.00
None
163.40K
ICICI BANK LIMITED
SOLEShares3.50M
TypeSH
Market value$101.49M
2.80%
Sole
3.40M
Shared
0.00
None
98.40K
GDS HLDGS LTD
SOLEShares3.30M
TypeSH
Market value$99.11M
2.74%
Sole
3.15M
Shared
0.00
None
154.53K
PETROLEO BRASILEIRO S A
SOLEShares5.41M
TypeSH
Market value$87.46M
2.41%
Sole
5.21M
Shared
0.00
None
204.45K
ITAU UNIBANCO HLDG S A
SOLEShares9.64M
TypeSH
Market value$78.78M
2.18%
Sole
9.07M
Shared
0.00
None
576.21K
GRUPO FINANCIERO GALICIA S.A
SOLEShares1.36M
TypeSH
Market value$68.05M
1.88%
Sole
1.32M
Shared
0.00
None
37.44K
KRANESHARES TRUST
SOLEShares2.69M
TypeSH
Market value$65.86M
1.82%
Sole
2.69M
Shared
0.00
None
0.00
ASML HLDG NV
SOLEShares32.06K
TypeSH
Market value$63.77M
1.76%
Sole
30.92K
Shared
0.00
None
1.13K
UNITED STS OIL FD LP
SOLEShares596.80K
TypeSH
Market value$63.52M
1.75%
Sole
596.80K
Shared
0.00
None
0.00
COPA HOLDINGS SA
SOLEShares400.26K
TypeSH
Market value$62.27M
1.72%
Sole
379K
Shared
0.00
None
21.27K
ANGLOGOLD ASHANTI PLC
SOLEShares756.61K
TypeSH
Market value$61.20M
1.69%
Sole
718.32K
Shared
0.00
None
38.29K
PILGRIMS PRIDE CORP
SOLEShares1.86M
TypeSH
Market value$52.19M
1.44%
Sole
1.68M
Shared
0.00
None
173.63K
NETEASE COM INC
SOLEShares306.58K
TypeSH
Market value$39.28M
1.08%
Sole
295.42K
Shared
0.00
None
11.16K
SLB LIMITED
SOLEShares834.32K
TypeSH
Market value$38.79M
1.07%
Sole
834.32K
Shared
0.00
None
0.00
COUPANG INC
SOLEShares2.20M
TypeSH
Market value$38.19M
1.05%
Sole
2.07M
Shared
0.00
None
128.47K
HALLIBURTON CO
SOLEShares726.19K
TypeSH
Market value$24.65M
0.68%
Sole
726.19K
Shared
0.00
None
0.00
BANCO BRADESCO S A
SOLEShares4.48M
TypeSH
Market value$15.56M
0.43%
Sole
4.36M
Shared
0.00
None
120.38K
TENARIS S A
SOLEShares278.31K
TypeSH
Market value$15.44M
0.43%
Sole
278.31K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRSOLE | UNIT SER 1 | 1.44M | SH | $1.06B 29.36% | 1.44M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 8.03M | SH | $549.18M 15.16% | 8.03M | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 608K | SH | $223.98M 6.18% | 608K | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MANUFACSOLE | SPONSORED ADS | 414.56K | SH | $197.98M 5.47% | 400.91K | 0.00 | 13.65K |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 1.94M | SH | $186.29M 5.14% | 1.80M | 0.00 | 143.44K |
SEA LTDSOLE | SPONSORD ADS | 1.47M | SH | $140.50M 3.88% | 1.40M | 0.00 | 71.11K |
EMBRAER S.A.SOLE | SPONSORED ADS | 2.03M | SH | $129.50M 3.58% | 1.94M | 0.00 | 90.66K |
ELDORADO GOLD CORP NEWSOLE | COM | 3.91M | SH | $121.54M 3.36% | 3.75M | 0.00 | 163.40K |
ICICI BANK LIMITEDSOLE | ADR | 3.50M | SH | $101.49M 2.80% | 3.40M | 0.00 | 98.40K |
GDS HLDGS LTDSOLE | SPONSORED ADS | 3.30M | SH | $99.11M 2.74% | 3.15M | 0.00 | 154.53K |
PETROLEO BRASILEIRO S ASOLE | SPONSORED ADR | 5.41M | SH | $87.46M 2.41% | 5.21M | 0.00 | 204.45K |
ITAU UNIBANCO HLDG S ASOLE | SPON ADR REP PFD | 9.64M | SH | $78.78M 2.18% | 9.07M | 0.00 | 576.21K |
GRUPO FINANCIERO GALICIA S.ASOLE | SPONSORED ADR | 1.36M | SH | $68.05M 1.88% | 1.32M | 0.00 | 37.44K |
KRANESHARES TRUSTSOLE | CSI CHI INTERNET | 2.69M | SH | $65.86M 1.82% | 2.69M | 0.00 | 0.00 |
ASML HLDG NVSOLE | N Y REGISTRY SHS | 32.06K | SH | $63.77M 1.76% | 30.92K | 0.00 | 1.13K |
UNITED STS OIL FD LPSOLE | UNITS | 596.80K | SH | $63.52M 1.75% | 596.80K | 0.00 | 0.00 |
COPA HOLDINGS SASOLE | CL A | 400.26K | SH | $62.27M 1.72% | 379K | 0.00 | 21.27K |
ANGLOGOLD ASHANTI PLCSOLE | COM SHS | 756.61K | SH | $61.20M 1.69% | 718.32K | 0.00 | 38.29K |
PILGRIMS PRIDE CORPSOLE | COM | 1.86M | SH | $52.19M 1.44% | 1.68M | 0.00 | 173.63K |
NETEASE COM INCSOLE | SPONSORED ADS | 306.58K | SH | $39.28M 1.08% | 295.42K | 0.00 | 11.16K |
SLB LIMITEDSOLE | COM STK | 834.32K | SH | $38.79M 1.07% | 834.32K | 0.00 | 0.00 |
COUPANG INCSOLE | CL A | 2.20M | SH | $38.19M 1.05% | 2.07M | 0.00 | 128.47K |
HALLIBURTON COSOLE | COM | 726.19K | SH | $24.65M 0.68% | 726.19K | 0.00 | 0.00 |
BANCO BRADESCO S ASOLE | SP ADR PFD NEW | 4.48M | SH | $15.56M 0.43% | 4.36M | 0.00 | 120.38K |
TENARIS S ASOLE | SPONSORED ADS | 278.31K | SH | $15.44M 0.43% | 278.31K | 0.00 | 0.00 |
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