13F HOLDINGS REPORT
Carrhae Capital LLP
Quarter ended Q2 2025 · Filed August 5, 2025 · Accession 0001172661-25-002883
Total Value
$1.37B
Positions
28
Other Managers
0
Confidential Omitted
No
Holdings (28)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES SILVER TR | SLV | 3,647,500 | $119.7M | 8.75% |
| 2 | EMBRAER S.A. | EMBJ | 1,973,790 | $112.3M | 8.21% |
| 3 | DBX ETF TR | 233051879 | 3,865,000 | $106.4M | 7.78% |
| 4 | ISHARES TR | 464287234 | 1,995,000 | $96.2M | 7.04% |
| 5 | ELDORADO GOLD CORP NEW | 284902509 | 4,514,485 | $91.8M | 6.71% |
| 6 | SEA LTD | SE | 412,960 | $66.0M | 4.83% |
| 7 | ALIBABA GROUP HLDG LTD | BBAAY | 523,722 | $59.4M | 4.34% |
| 8 | FREEPORT-MCMORAN INC | FCX | 1,349,063 | $58.5M | 4.28% |
| 9 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 258,001 | $58.4M | 4.27% |
| 10 | MAKEMYTRIP LIMITED MAURITIUS | MMYT | 576,586 | $56.5M | 4.13% |
| 11 | COPA HOLDINGS SA | CPA | 512,143 | $56.3M | 4.12% |
| 12 | ANGLOGOLD ASHANTI PLC | AU | 1,200,111 | $54.7M | 4.00% |
| 13 | PDD HOLDINGS INC | PDD | 503,595 | $52.7M | 3.85% |
| 14 | YUM CHINA HLDGS INC | YUMC | 1,092,990 | $48.9M | 3.57% |
| 15 | CREDICORP LTD | BAP | 213,806 | $47.8M | 3.49% |
| 16 | FRANCO NEV CORP | FNV | 274,946 | $45.1M | 3.30% |
| 17 | TECK RESOURCES LTD | TCKRF | 1,107,431 | $44.7M | 3.27% |
| 18 | LAS VEGAS SANDS CORP | LVS | 961,827 | $41.8M | 3.06% |
| 19 | KE HLDGS INC | BEKE | 1,361,179 | $24.1M | 1.77% |
| 20 | ISHARES SILVER TR | SLV | 656,743 | $21.5M | 1.58% |
| 21 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 400,582 | $19.2M | 1.40% |
| 22 | RENEW ENERGY GLOBAL PLC | RNWWW | 2,767,298 | $19.1M | 1.40% |
| 23 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 346,937 | $18.7M | 1.37% |
| 24 | HUDBAY MINERALS INC | HBM | 1,544,993 | $16.4M | 1.20% |
| 25 | NXP SEMICONDUCTORS N V | NXPI | 63,342 | $13.8M | 1.01% |
| 26 | GDS HLDGS LTD | GDHLF | 416,903 | $12.7M | 0.93% |
| 27 | EHANG HLDGS LTD | EH | 271,700 | $4.7M | 0.34% |
| 28 | RENEW ENERGY GLOBAL PLC | RNWWW | 64,966 | $8,647 | 0.00% |