CARRHAE CAPITAL LLP

PrivateCIK: 1555254
Location

LONDON, X0

29
Positions
$3.10B
Total AUM (reported)
57.02M
Total Shares

Allocation by class

TOTAL AUM$3.10B29 positions
SPONSORED ADS$803.61M25.9%
UNIT SER 1$724.01M23.3%
COM$298.75M9.6%
GOLD SHS$225.30M7.3%
SPON ADR REP PFD$185.23M6.0%
MSCI EMG MKT ETF$162.10M5.2%
SPONSORED ADR$143.96M4.6%

Portfolio Concentration

Top 342.2%4–1036.0%11–2520.1%Rest1.7%TOP 1078.2%0%100%
Top 3$1.31B42.2%
4–10$1.12B36.0%
11–25$622.70M20.1%
Rest$53.07M1.7%

Top 3 weight

42.2%

Top 10 weight

78.2%

Voting Authority Distribution

Total shares with voting rights: 57.02M

Sole

Full voting authority

55.21M

shares

% of voting shares96.8%
Shared

Joint voting authority

0.00

shares

% of voting shares0.0%
None

No voting authority

1.81M

shares

% of voting shares3.2%

Investment Discretion (by position count)

Sole0
Shared0
Other29
Dominant voting typeSole · 96.8% of voting shares
Institutional Holdings29
Rows:

INVESCO QQQ TR

DFND
UNIT SER 1
Shares978.70K
TypeSH
Market value$724.01M
23.34%
Sole
978.70K
Shared
0.00
None
0.00

ALIBABA GROUP HLDG LTD

DFND
SPONSORED ADS
Shares3.29M
TypeSH
Market value$353.44M
11.39%
Sole
3.14M
Shared
0.00
None
149.93K

TAIWAN SEMICONDUCTOR MANUFAC

DFND
SPONSORED ADS
Shares507.11K
TypeSH
Market value$231.34M
7.46%
Sole
495.90K
Shared
0.00
None
11.21K

SPDR GOLD TR

DFND
GOLD SHS
Shares591.60K
TypeSH
Market value$225.30M
7.26%
Sole
591.60K
Shared
0.00
None
0.00

ELDORADO GOLD CORP NEW

DFND
COM
Shares5.15M
TypeSH
Market value$198.21M
6.39%
Sole
4.99M
Shared
0.00
None
161.50K

ITAU UNIBANCO HLDG S A

DFND
SPON ADR REP PFD
Shares21.72M
TypeSH
Market value$185.23M
5.97%
Sole
21M
Shared
0.00
None
712.85K

ISHARES TR

DFND
MSCI EMG MKT ETF
Shares2.43M
TypeSH
Market value$162.10M
5.23%
Sole
2.43M
Shared
0.00
None
0.00

SEA LTD

DFND
SPONSORD ADS
Shares1.23M
TypeSH
Market value$120.24M
3.88%
Sole
1.17M
Shared
0.00
None
66.49K

ISHARES SILVER TR

DFND
ISHARES
Shares2.19M
TypeSH
Market value$119.37M
3.85%
Sole
2.19M
Shared
0.00
None
0.00

GDS HLDGS LTD

DFND
SPONSORED ADS
Shares3.43M
TypeSH
Market value$107.25M
3.46%
Sole
3.29M
Shared
0.00
None
146.75K

PETROLEO BRASILEIRO S A

DFND
SPONSORED ADR
Shares4.06M
TypeSH
Market value$84.69M
2.73%
Sole
3.87M
Shared
0.00
None
186.41K

ASE TECHNOLOGY HLDG CO LTD

DFND
SPONSORED ADS
Shares1.46M
TypeSH
Market value$65.12M
2.10%
Sole
1.44M
Shared
0.00
None
25.18K

ICICI BK LTD

DFND
ADR
Shares2.32M
TypeSH
Market value$63.97M
2.06%
Sole
2.30M
Shared
0.00
None
19.84K

BP PLC

DFND
SPONSORED ADR
Shares1.35M
TypeSH
Market value$59.27M
1.91%
Sole
1.26M
Shared
0.00
None
85.70K

ISHARES INC

DFND
MSCI STH KOR ETF
Shares295.70K
TypeSH
Market value$54.05M
1.74%
Sole
295.70K
Shared
0.00
None
0.00

SHELL PLC

DFND
SPON ADS
Shares567.75K
TypeSH
Market value$53.96M
1.74%
Sole
532.20K
Shared
0.00
None
35.55K

MICRON TECHNOLOGY INC

DFND
COM
Shares43K
TypeSH
Market value$45.80M
1.48%
Sole
41.10K
Shared
0.00
None
1.90K

EMBRAER S.A.

DFND
SPONSORED ADS
Shares403.07K
TypeSH
Market value$30.36M
0.98%
Sole
392.55K
Shared
0.00
None
10.52K

COPA HOLDINGS SA

DFND
CL A
Shares226.47K
TypeSH
Market value$29.86M
0.96%
Sole
220.56K
Shared
0.00
None
5.91K

ISHARES TR

DFND
20 YR TR BD ETF
Shares376.79K
TypeSH
Market value$29.31M
0.94%
Sole
376.79K
Shared
0.00
None
0.00

KRANESHARES TRUST

DFND
CSI CHI INTERNET
Shares1.11M
TypeSH
Market value$27.33M
0.88%
Sole
1.11M
Shared
0.00
None
0.00

INTEL CORP

DFND
COM
Shares197.12K
TypeSH
Market value$23.70M
0.76%
Sole
182.10K
Shared
0.00
None
15.02K

VANECK ETF TRUST

DFND
GOLD MINERS ETF
Shares252.82K
TypeSH
Market value$22.20M
0.72%
Sole
252.82K
Shared
0.00
None
0.00

NXP SEMICONDUCTORS N V

DFND
COM
Shares71.48K
TypeSH
Market value$16.98M
0.55%
Sole
64.69K
Shared
0.00
None
6.79K

TENARIS S A

DFND
SPONSORED ADS
Shares291.89K
TypeSH
Market value$16.11M
0.52%
Sole
270.79K
Shared
0.00
None
21.10K
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