Carrhae Capital LLP Q2 2025 Filing

Filed August 5, 2025

Portfolio Value

$1.4T

Holdings

27

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (27 positions)

#StockSharesValue% PortfolioType
1
SLVISHARES SILVER TR
4,304,243$141.2B10.32%Call
2
EMBJEMBRAER S.A.
1,973,790$112.3B8.21%
3
ASHRDBX ETF TR
3,865,000$106.4B7.78%Call
4
EEMISHARES TR
1,995,000$96.2B7.04%Put
5
ELDELDORADO GOLD CORP NEW
4,514,485$91.8B6.71%
6
SESEA LTD
412,960$66.0B4.83%
7
BABAALIBABA GROUP HLDG LTD
523,722$59.4B4.34%
8
FCXFREEPORT-MCMORAN INC
1,349,063$58.5B4.28%
9
TSMTAIWAN SEMICONDUCTOR MFG LTD
258,001$58.4B4.27%
10
MMYTMAKEMYTRIP LIMITED MAURITIUS
576,586$56.5B4.13%
11
CPACOPA HOLDINGS SA
512,143$56.3B4.12%
12
AUANGLOGOLD ASHANTI PLC
1,200,111$54.7B4.00%
13
PDDPDD HOLDINGS INC
503,595$52.7B3.85%
14
YUMCYUM CHINA HLDGS INC
1,092,990$48.9B3.57%
15
BAPCREDICORP LTD
213,806$47.8B3.49%
16
FNVFRANCO NEV CORP
274,946$45.1B3.30%
17
TECK/BTECK RESOURCES LTD
1,107,431$44.7B3.27%
18
LVSLAS VEGAS SANDS CORP
961,827$41.8B3.06%
19
BEKEKE HLDGS INC
1,361,179$24.1B1.77%
20
VISTVISTA ENERGY S.A.B. DE C.V.
400,582$19.2B1.40%
21
RNWRENEW ENERGY GLOBAL PLC
2,767,298$19.1B1.40%
22
N1UANEW ORIENTAL ED & TECHNOLOGY
346,937$18.7B1.37%
23
HBMHUDBAY MINERALS INC
1,544,993$16.4B1.20%
24
NXPINXP SEMICONDUCTORS N V
63,342$13.8B1.01%
25
GDSGDS HLDGS LTD
416,903$12.7B0.93%
26
EHEHANG HLDGS LTD
271,700$4.7B0.34%
27
RNWRENEW ENERGY GLOBAL PLC
64,966$8.6M0.00%