13F HOLDINGS REPORT
North of South Capital LLP
Quarter ended Q3 2025 · Filed October 27, 2025 · Accession 0002033334-25-000007
Total Value
$1.04B
Positions
23
Other Managers
0
Confidential Omitted
No
Holdings (23)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JD.COM INC-ADR | JDCMF | 4,072,931 | $142.5M | 13.69% |
| 2 | FULL TRUCK A-ADR | YMM | 10,607,375 | $137.6M | 13.22% |
| 3 | TAIWAN SEMIC-ADR | 874039100 | 456,345 | $127.5M | 12.25% |
| 4 | PAN AMER SILVER | 697900108 | 3,000,056 | $116.2M | 11.17% |
| 5 | ICICI BANK-ADR | IBN | 3,238,233 | $97.9M | 9.41% |
| 6 | KT CORP-ADR | KT | 4,283,287 | $83.5M | 8.03% |
| 7 | VIPSHOP HOLD-ADR | VIPS | 3,355,999 | $65.9M | 6.33% |
| 8 | AUTOHOME INC-ADR | ATHM | 2,284,939 | $65.2M | 6.27% |
| 9 | BAIDU INC-SP ADR | BAIDF | 415,245 | $54.7M | 5.26% |
| 10 | LAUREATE EDUCATI | LAUR | 1,605,311 | $50.6M | 4.87% |
| 11 | YPF SA-ADR | YPF | 1,619,983 | $39.3M | 3.78% |
| 12 | CONTROLADORA-ADR | 21240E105 | 5,081,733 | $36.5M | 3.51% |
| 13 | ALIBABA GRP-ADR | BBAAY | 35,003 | $6.3M | 0.60% |
| 14 | ELETROBRAS-ADR | 15234Q207 | 439,682 | $4.4M | 0.42% |
| 15 | PETROBRAS SA-ADR | 71654V408 | 285,373 | $3.6M | 0.35% |
| 16 | AURA MINERALS | AUGO | 82,986 | $3.1M | 0.30% |
| 17 | MILLICOM INTL | L6388F110 | 27,054 | $1.3M | 0.13% |
| 18 | SK TELEC-SPN ADR | SKM | 52,439 | $1.1M | 0.11% |
| 19 | CREDICORP LTD | BAP | 4,000 | $1.1M | 0.10% |
| 20 | UNITED MICRO-ADR | UMC | 125,000 | $947,500 | 0.09% |
| 21 | MCEWEN INC | MUX | 50,000 | $855,000 | 0.08% |
| 22 | GRUPO TELEV-ADR | GRPFF | 100,000 | $269,000 | 0.03% |
| 23 | BBVA ARGENT-ADR | BBAR | 30,000 | $249,600 | 0.02% |