Fund HoldingsCarrhae Capital LLP

Total Portfolio Value
$2.64B
Total Bought
$1.43B
Total Sold
$493.06M
Net Transaction
+$933.63M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
INVESCO QQQ TR(Put)0463,200+463,2000284,548+284,548
KRANESHARES TRUST(Call)06,833,500+6,833,5000232,681+232,681
ISHARES TR(Put)03,940,000+3,940,0000215,557+215,557
TAIWAN SEMICONDUCTOR MFG LTD(TSM)196,332588,459+392,12754,834178,8276.77%+123,993
TECK RESOURCES LTD(TECK)02,063,912+2,063,912098,8413.74%+98,841
NU HLDGS LTD(NU)04,942,239+4,942,239082,7333.13%+82,733
BANCO BRADESCO S A016,185,404+16,185,404053,8972.04%+53,897
CREDICORP LTD(BAP)0168,399+168,399048,3311.83%+48,331
JBS N.V.(JBS)404,6733,649,226+3,244,5536,04252,6221.99%+46,580
BAIDU INC0341,747+341,747044,6531.69%+44,653
FRANCO NEV CORP(FNV)112,054293,772+181,71824,97860,8932.30%+35,915
GRUPO FINANCIERO GALICIA S.A(GGAL)315,700795,204+479,5048,70142,8931.62%+34,193
MAKEMYTRIP LIMITED MAURITIUS
SHS
378,097750,942+372,84535,39061,6672.33%+26,277
VISTA ENERGY S.A.B. DE C.V.(VIST)688,405830,212+141,80723,68140,3981.53%+16,717
HUDBAY MINERALS INC(HBM)0802,513+802,513015,9300.60%+15,930
COPA HOLDINGS SA(CPA)0124,717+124,717015,0420.57%+15,042
SEA LTD(SE)533,060843,557+310,49795,274107,6134.07%+12,339
GDS HLDGS LTD(GDS)1,648,2782,167,199+518,92163,78875,6352.86%+11,847
EQT CORP(EQT)520,036745,266+225,23028,30639,9461.51%+11,641
FULL TRUCK ALLIANCE CO LTD(YMM)2,674,7743,807,441+1,132,66734,69240,8541.55%+6,162
WERIDE INC(WRD)1,631,5832,421,132+789,54916,15321,0150.80%+4,863
KASPI KZ JSC(KSPI)050,668+50,66803,9590.15%+3,959
ISHARES SILVER TR(SLV)(Call)5,021,4003,354,800-1,666,600212,757216,116+3,359
EMBRAER S.A.(EMBJ)1,178,6511,147,269-31,38271,24973,8502.79%+2,600
RENEW ENERGY GLOBAL PLC(RNW)64,96664,9660310.00%-2
ELDORADO GOLD CORP NEW(EGO)4,994,7384,010,214-984,524144,298144,0475.45%-251
SYNOPSYS INC(SNPS)96,21595,365-85047,47244,7951.69%-2,677
SHELL PLC(SHEL)88,6320-88,6326,3400-6,340
PONY AI INC(PONY)297,2950-297,2956,6860-6,686
RENEW ENERGY GLOBAL PLC(RNW)2,767,2982,458,933-308,36521,30813,8930.53%-7,415
FREEPORT-MCMORAN INC(FCX)644,3760-644,37625,2720-25,272
PDD HOLDINGS INC(PDD)386,924222,654-164,27051,14025,2470.96%-25,893
ALIBABA GROUP HLDG LTD(BABA)498,234308,639-189,59589,04945,2401.71%-43,809
ICICI BANK LIMITED(IBN)4,002,5531,992,766-2,009,787120,99759,3842.25%-61,613
SPDR GOLD TR(GLD)(Call)259,00072,200-186,80092,06728,614-63,453
ANGLOGOLD ASHANTI PLC(AU)1,104,05198,283-1,005,76877,6488,3820.32%-69,266
TAIWAN SEMICONDUCTOR MFG LTD(TSM)(Put)405,100113,100-292,000113,14034,370-78,770
DBX ETF TR(Call)6,868,0003,983,200-2,884,800226,507130,848-95,659
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