Carrhae Capital LLP
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INVESCO QQQ TR(Put) | 463,200 | 2,477,800 | +2,014,600 | 284,548,392 | 1,430,136,604 | — | +1,145,588,212 |
| ITAU UNIBANCO HLDG S A(ITUB) | 0 | 20,443,133 | +20,443,133 | 0 | 171,313,455 | 12.09% | +171,313,455 |
| ALIBABA GROUP HLDG LTD(BABA) | 308,639 | 1,334,070 | +1,025,431 | 45,240,305 | 167,372,422 | 11.81% | +122,132,117 |
| EMBRAER S.A.(EMBJ) | 1,147,269 | 2,888,680 | +1,741,411 | 73,849,706 | 171,414,271 | 12.10% | +97,564,565 |
| UNITED STS OIL FD LP(USO)(Put) | 0 | 596,800 | +596,800 | 0 | 75,942,800 | — | +75,942,800 |
| ICICI BANK LIMITED(IBN) | 1,992,766 | 5,039,743 | +3,046,977 | 59,384,427 | 130,529,344 | 9.21% | +71,144,917 |
| ALIBABA GROUP HLDG LTD(BABA)(Call) | 0 | 365,600 | +365,600 | 0 | 45,868,176 | — | +45,868,176 |
| COPA HOLDINGS SA(CPA) | 124,717 | 518,114 | +393,397 | 15,042,117 | 58,862,932 | 4.15% | +43,820,815 |
| HESAI GROUP(HSAI) | 0 | 1,568,343 | +1,568,343 | 0 | 29,986,718 | 2.12% | +29,986,718 |
| SPDR GOLD TR(GLD)(Call) | 72,200 | 135,800 | +63,600 | 28,613,582 | 58,433,382 | — | +29,819,800 |
| SLB LIMITED(SLB) | 0 | 556,816 | +556,816 | 0 | 28,614,774 | 2.02% | +28,614,774 |
| PDD HOLDINGS INC(PDD) | 222,654 | 515,274 | +292,620 | 25,246,737 | 52,650,697 | 3.72% | +27,403,960 |
| ELDORADO GOLD CORP NEW(EGO) | 4,010,214 | 4,897,751 | +887,537 | 144,046,887 | 168,139,792 | 11.86% | +24,092,905 |
| HALLIBURTON CO(HAL) | 0 | 597,721 | +597,721 | 0 | 23,305,142 | 1.64% | +23,305,142 |
| TENARIS S A(TS) | 0 | 337,428 | +337,428 | 0 | 19,631,561 | 1.39% | +19,631,561 |
| ANGLOGOLD ASHANTI PLC(AU) | 98,283 | 252,966 | +154,683 | 8,381,574 | 24,628,770 | 1.74% | +16,247,196 |
| VNET GROUP INC(VNET) | 0 | 1,513,055 | +1,513,055 | 0 | 12,694,531 | 0.90% | +12,694,531 |
| GDS HLDGS LTD(GDS) | 2,167,199 | 2,184,662 | +17,463 | 75,635,245 | 88,020,032 | 6.21% | +12,384,787 |
| ARCELORMITTAL SA LUXEMBOURG(MT) | 0 | 196,677 | +196,677 | 0 | 10,223,270 | 0.72% | +10,223,270 |
| TAIWAN SEMICONDUCTOR MANUFAC(TSM) | 588,459 | 558,880 | -29,579 | 178,826,806 | 188,873,496 | 13.33% | +10,046,690 |
| NETEASE COM INC(NTES) | 0 | 69,167 | +69,167 | 0 | 7,742,554 | 0.55% | +7,742,554 |
| RENEW ENERGY GLOBAL PLC(RNW) | 64,966 | 0 | -64,966 | 526 | 0 | — | -526 |
| TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Put) | 113,100 | 100,300 | -12,800 | 34,369,959 | 33,896,385 | — | -473,574 |
| KASPI KZ JSC(KSPI) | 50,668 | 0 | -50,668 | 3,958,691 | 0 | — | -3,958,691 |
| JBS N.V.(JBS) | 3,649,226 | 2,546,345 | -1,102,881 | 52,621,839 | 45,732,356 | 3.23% | -6,889,483 |
| RENEW ENERGY GLOBAL PLC(RNW) | 2,458,933 | 1,277,071 | -1,181,862 | 13,892,971 | 5,848,985 | 0.41% | -8,043,986 |
| HUDBAY MINERALS INC(HBM) | 802,513 | 0 | -802,513 | 15,929,883 | 0 | — | -15,929,883 |
| WERIDE INC(WRD) | 2,421,132 | 0 | -2,421,132 | 21,015,426 | 0 | — | -21,015,426 |
| VISTA ENERGY S.A.B. DE C.V.(VIST) | 830,212 | 79,692 | -750,520 | 40,398,116 | 6,014,355 | 0.42% | -34,383,761 |
| ISHARES SILVER TR(SLV)(Call) | 3,354,800 | 2,627,200 | -727,600 | 216,116,216 | 179,017,408 | — | -37,098,808 |
| EQT CORP(EQT) | 745,266 | 0 | -745,266 | 39,946,258 | 0 | — | -39,946,258 |
| FULL TRUCK ALLIANCE CO LTD(YMM) | 3,807,441 | 0 | -3,807,441 | 40,853,842 | 0 | — | -40,853,842 |
| GRUPO FINANCIERO GALICIA S.A(GGAL) | 795,204 | 0 | -795,204 | 42,893,304 | 0 | — | -42,893,304 |
| BAIDU INC | 341,747 | 0 | -341,747 | 44,652,663 | 0 | — | -44,652,663 |
| SYNOPSYS INC(SNPS) | 95,365 | 0 | -95,365 | 44,794,848 | 0 | — | -44,794,848 |
| CREDICORP LTD(BAP) | 168,399 | 0 | -168,399 | 48,330,513 | 0 | — | -48,330,513 |
| BANCO BRADESCO S A | 16,185,404 | 0 | -16,185,404 | 53,897,395 | 0 | — | -53,897,395 |
| MAKEMYTRIP LIMITED MAURITIUS | 750,942 | 150,562 | -600,380 | 61,667,357 | 5,614,457 | 0.40% | -56,052,900 |
| FRANCO NEV CORP(FNV) | 293,772 | 0 | -293,772 | 60,893,060 | 0 | — | -60,893,060 |
| NU HLDGS LTD(NU) | 4,942,239 | 0 | -4,942,239 | 82,733,081 | 0 | — | -82,733,081 |
| DBX ETF TR(Call) | 3,983,200 | 1,335,300 | -2,647,900 | 130,848,120 | 43,584,192 | — | -87,263,928 |
| TECK RESOURCES LTD(TECK) | 2,063,912 | 0 | -2,063,912 | 98,840,746 | 0 | — | -98,840,746 |
| SEA LTD(SE) | 843,557 | 0 | -843,557 | 107,612,566 | 0 | — | -107,612,566 |
| KRANESHARES TRUST(Call) | 6,833,500 | 1,859,200 | -4,974,300 | 232,680,675 | 52,857,056 | — | -179,823,619 |
| ISHARES TR(Put) | 3,940,000 | 0 | -3,940,000 | 215,557,400 | 0 | — | -215,557,400 |