SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Carrhae Capital LLP

CIK 0001555254 · 112 JERMYN STREET, LONDON, X0, SW1Y 6LS · 00442032054850

Reported Value
$2.6B
Q4 2025
Positions
35
Filings on Record
47
2019–present window
Filed
Feb 6, 2026
original filing

Summary

Carrhae Capital Llp reported $2.6B in U.S.-listed holdings across 35 positions for Q4 2025.

Its largest position, TSM, represents 6.8% of the portfolio.

Compared with Q3 2025, the fund opened 11 new positions and exited 3.

Reported Value by Quarter

13F Reported Value
Q2 ’24: $506MQ2 ’24Q3 ’24: $291MQ3 ’24Q4 ’24: $1.2BQ4 ’24Q1 ’25: $1.4BQ1 ’25Q2 ’25: $1.4BQ2 ’25Q3 ’25: $1.7BQ3 ’25Q4 ’25: $2.6BQ4 ’25Q1 ’26: $3.3BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 41.9%ADR: 32.1%Common Stock: 15.3%Other: 10.7%
  • ETP · 41.9% · $1.1B
  • ADR · 32.1% · $848M
  • Common Stock · 15.3% · $404M
  • Other · 10.7% · $283M

Quarter-over-Quarter Changes full breakdown →

Holdings — Q4 2025

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Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.3B29May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.6B35Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.7B27Nov 20, 2025RESTATEMENTchanges · EDGAR ↗
Q2 2025$1.4B28Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.4B24May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.2B25Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$291M15Nov 27, 202413F-HRchanges · EDGAR ↗
Q2 2024$506M21Aug 21, 202413F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Carrhae Capital (DIFC) Ltd028-25885

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.