13F HOLDINGS REPORT
Carrhae Capital LLP
Quarter ended Q1 2025 · Filed May 2, 2025 · Accession 0001172661-25-001564
Total Value
$1.37B
Positions
24
Other Managers
0
Confidential Omitted
No
Holdings (24)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287234 | 7,764,700 | $339.3M | 24.82% |
| 2 | DBX ETF TR | 233051879 | 5,264,000 | $139.9M | 10.23% |
| 3 | ELDORADO GOLD CORP NEW | 284902509 | 6,689,304 | $112.5M | 8.23% |
| 4 | ICICI BANK LIMITED | IBN | 2,581,585 | $81.4M | 5.95% |
| 5 | ALIBABA GROUP HLDG LTD | BBAAY | 558,973 | $73.9M | 5.41% |
| 6 | SEA LTD | SE | 551,700 | $72.0M | 5.27% |
| 7 | COPA HOLDINGS SA | CPA | 777,929 | $71.9M | 5.26% |
| 8 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 4,516,382 | $64.8M | 4.74% |
| 9 | ANGLOGOLD ASHANTI PLC | AU | 1,340,959 | $49.8M | 3.64% |
| 10 | TECK RESOURCES LTD | TCKRF | 1,275,810 | $46.5M | 3.40% |
| 11 | HDFC BANK LTD | HDB | 595,900 | $39.6M | 2.90% |
| 12 | MAKEMYTRIP LIMITED MAURITIUS | MMYT | 397,945 | $39.0M | 2.85% |
| 13 | CREDICORP LTD | BAP | 198,875 | $37.0M | 2.71% |
| 14 | DBX ETF TR | 233051879 | 1,053,785 | $28.0M | 2.05% |
| 15 | ISHARES TR | 464287184 | 764,500 | $27.4M | 2.00% |
| 16 | PDD HOLDINGS INC | PDD | 196,437 | $23.2M | 1.70% |
| 17 | RENEW ENERGY GLOBAL PLC | RNWWW | 3,654,991 | $21.5M | 1.57% |
| 18 | FRANCO NEV CORP | FNV | 134,994 | $21.3M | 1.56% |
| 19 | NXP SEMICONDUCTORS N V | NXPI | 107,428 | $20.4M | 1.49% |
| 20 | GERDAU SA | GGB | 6,568,703 | $18.7M | 1.36% |
| 21 | ISHARES SILVER TR | SLV | 576,960 | $17.9M | 1.31% |
| 22 | HUDBAY MINERALS INC | HBM | 1,876,665 | $14.2M | 1.04% |
| 23 | KRANESHARES TRUST | 500767306 | 193,593 | $6.8M | 0.49% |
| 24 | RENEW ENERGY GLOBAL PLC | RNWWW | 64,966 | $6,256 | 0.00% |