Carrhae Capital LLP Q3 2025 Filing
Filed November 12, 2025
Portfolio Value
$1.7T
Holdings
26
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (26 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ASHRDBX ETF TR | 6,868,000 | $226.5B | 13.34% | Call |
| 2 | SLVISHARES SILVER TR | 5,021,400 | $212.8B | 12.53% | Call |
| 3 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 601,432 | $168.0B | 9.89% | Put |
| 4 | ELDELDORADO GOLD CORP NEW | 4,994,738 | $144.3B | 8.50% | |
| 5 | IBNICICI BANK LIMITED | 4,002,553 | $121.0B | 7.13% | |
| 6 | SESEA LTD | 533,060 | $95.3B | 5.61% | |
| 7 | GQ9SPDR GOLD TR | 259,000 | $92.1B | 5.42% | Call |
| 8 | BABAALIBABA GROUP HLDG LTD | 498,234 | $89.0B | 5.25% | |
| 9 | AUANGLOGOLD ASHANTI PLC | 1,104,051 | $77.6B | 4.57% | |
| 10 | EMBJEMBRAER S.A. | 1,178,651 | $71.2B | 4.20% | |
| 11 | GDSGDS HLDGS LTD | 1,648,278 | $63.8B | 3.76% | |
| 12 | PDDPDD HOLDINGS INC | 386,924 | $51.1B | 3.01% | |
| 13 | SNPSSYNOPSYS INC | 96,215 | $47.5B | 2.80% | |
| 14 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 378,097 | $35.4B | 2.08% | |
| 15 | YMMFULL TRUCK ALLIANCE CO LTD | 2,674,774 | $34.7B | 2.04% | |
| 16 | EQTEQT CORP | 520,036 | $28.3B | 1.67% | |
| 17 | FCXFREEPORT-MCMORAN INC | 644,376 | $25.3B | 1.49% | |
| 18 | FNVFRANCO NEV CORP | 112,054 | $25.0B | 1.47% | |
| 19 | VISTVISTA ENERGY S.A.B. DE C.V. | 688,405 | $23.7B | 1.39% | |
| 20 | RNWRENEW ENERGY GLOBAL PLC | 2,767,298 | $21.3B | 1.26% | |
| 21 | WRDWERIDE INC | 1,631,583 | $16.2B | 0.95% | |
| 22 | GGALGRUPO FINANCIERO GALICIA S.A | 315,700 | $8.7B | 0.51% | |
| 23 | PONYPONY AI INC | 297,295 | $6.7B | 0.39% | |
| 24 | SHELSHELL PLC | 88,632 | $6.3B | 0.37% | |
| 25 | JBSJBS N.V. | 404,673 | $6.0B | 0.36% | |
| 26 | RNWRENEW ENERGY GLOBAL PLC | 64,966 | $3.0M | 0.00% |