Carrhae Capital LLP
CIK: 0001555254Latest portfolio: $2.6B · Q4 2025
Holdings
34
Total Value
$2.6B
New Positions
11
Closed Positions
3
Top Holdings
View All 34 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | NDQINVESCO QQQ TR | 463,200 | $284.5M | 10.76% | NEW | Put |
| 2 | KWEBKRANESHARES TRUST | 6,833,500 | $232.7M | 8.80% | NEW | Call |
| 3 | SLVISHARES SILVER TR | 3,354,800 | $216.1M | 8.18% | -1,666,600 | Call |
| 4 | EEMISHARES TR | 3,940,000 | $215.6M | 8.15% | NEW | Put |
| 5 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 701,559 | $213.2M | 8.07% | +100K | Put |
| 6 | ELDELDORADO GOLD CORP NEW | 4,010,214 | $144.0M | 5.45% | -984,524 | |
| 7 | ASHRDBX ETF TR | 3,983,200 | $130.8M | 4.95% | -2,884,800 | Call |
| 8 | SESEA LTD | 843,557 | $107.6M | 4.07% | +310K | |
| 9 | TECK/BTECK RESOURCES LTD | 2,063,912 | $98.8M | 3.74% | NEW | |
| 10 | NUNU HLDGS LTD | 4,942,239 | $82.7M | 3.13% | NEW | |
| 11 | GDSGDS HLDGS LTD | 2,167,199 | $75.6M | 2.86% | +519K | |
| 12 | EMBJEMBRAER S.A. | 1,147,269 | $73.8M | 2.79% | -31,382 | |
| 13 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 750,942 | $61.7M | 2.33% | +373K | |
| 14 | FNVFRANCO NEV CORP | 293,772 | $60.9M | 2.30% | +182K | |
| 15 | IBNICICI BANK LIMITED | 1,992,766 | $59.4M | 2.25% | -2,009,787 | |
| 16 | BBDBANCO BRADESCO S A | 16,185,404 | $53.9M | 2.04% | NEW | |
| 17 | JBSJBS N.V. | 3,649,226 | $52.6M | 1.99% | +3.2M | |
| 18 | BAPCREDICORP LTD | 168,399 | $48.3M | 1.83% | NEW | |
| 19 | BABAALIBABA GROUP HLDG LTD | 308,639 | $45.2M | 1.71% | -189,595 | |
| 20 | SNPSSYNOPSYS INC | 95,365 | $44.8M | 1.69% | -850 | |
| 21 | BIDUNBAIDU INC | 341,747 | $44.7M | 1.69% | NEW | |
| 22 | GGALGRUPO FINANCIERO GALICIA S.A | 795,204 | $42.9M | 1.62% | +480K | |
| 23 | YMMFULL TRUCK ALLIANCE CO LTD | 3,807,441 | $40.9M | 1.55% | +1.1M | |
| 24 | VISTVISTA ENERGY S.A.B. DE C.V. | 830,212 | $40.4M | 1.53% | +142K | |
| 25 | EQTEQT CORP | 745,266 | $39.9M | 1.51% | +225K |
Quarterly Changes
New Positions
Increased Positions
Sector Breakdown
Financial Services0.0% ($2.3268021555714404e+39T)
Technology0.0% ($2.1611621319575635e+26T)
Unknown0.0% ($284548988404.5T)
Consumer Cyclical0.0% ($107612616674.5T)
Basic Materials0.0% ($60893.2T)
Industrials0.0% ($7.4T)
Energy0.0% ($4.0T)
Utilities0.0% ($138.9M)
Consumer Defensive0.0% ($52.6M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 6, 2026 | $2.6B | 35 |
| Q3 2025 | Nov 12, 2025 | $1.7T | 27 |
| Q2 2025 | Aug 5, 2025 | $1.4T | 28 |
| Q1 2025 | May 2, 2025 | $1.4T | 24 |
| Q4 2024 | Feb 11, 2025 | $1.2T | 25 |
| Q3 2024 | Nov 27, 2024 | $291.2T | 15 |
| Q3 2024 | Nov 27, 2024 | $226.8T | 14 |
| Q3 2024 | Nov 27, 2024 | $314.9T | 21 |
| Q3 2024 | Nov 27, 2024 | $471.8T | 24 |
| Q3 2024 | Nov 27, 2024 | $137.4T | 15 |
| Q3 2024 | Nov 27, 2024 | $118.5T | 18 |
| Q3 2024 | Nov 27, 2024 | $277.4T | 18 |
| Q3 2024 | Nov 27, 2024 | $291.9T | 14 |
| Q3 2024 | Nov 27, 2024 | $289.7T | 11 |
| Q3 2024 | Nov 27, 2024 | $454.1T | 16 |
| Q3 2024 | Nov 27, 2024 | $357.3T | 12 |
| Q3 2024 | Nov 27, 2024 | $187.3T | 9 |
| Q3 2024 | Nov 27, 2024 | $169.1T | 9 |
| Q3 2024 | Nov 27, 2024 | $156.7T | 10 |
| Q3 2024 | Nov 27, 2024 | $123.6T | 8 |
| Q3 2024 | Nov 27, 2024 | $306.7T | 8 |
| Q3 2024 | Nov 27, 2024 | $290.3T | 12 |
| Q3 2024 | Nov 27, 2024 | $319.4T | 16 |
| Q3 2024 | Nov 27, 2024 | $237.8T | 13 |
| Q3 2024 | Nov 27, 2024 | $314.5T | 11 |
| Q3 2024 | Nov 27, 2024 | $329.5T | 8 |
| Q3 2024 | Nov 27, 2024 | $283.7T | 8 |
| Q3 2024 | Nov 27, 2024 | $97.6T | 6 |
| Q3 2024 | Nov 27, 2024 | $365.4T | 11 |
| Q3 2024 | Nov 27, 2024 | $390.8T | 11 |
| Q3 2024 | Nov 27, 2024 | $133.6T | 6 |
| Q3 2024 | Nov 27, 2024 | $143.2T | 7 |
| Q3 2024 | Nov 27, 2024 | $235.8T | 11 |
| Q3 2024 | Nov 27, 2024 | $128.6T | 12 |
| Q3 2024 | Nov 27, 2024 | $107.5T | 13 |
| Q3 2024 | Nov 27, 2024 | $116.1T | 9 |
| Q3 2024 | Nov 27, 2024 | $36.8T | 5 |
| Q3 2024 | Nov 27, 2024 | $77.6T | 12 |
| Q3 2024 | Nov 27, 2024 | $227.6T | 13 |
| Q3 2024 | Nov 27, 2024 | $156.1T | 11 |
Fund Information
Carrhae Capital LLP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $2.6B across 34 holdings. The largest position is INVESCO QQQ TR (NDQ), representing 10.8% of the portfolio. Compared to the previous quarter, the fund opened 11 new positions and closed 3 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.