SEC 13F Intelligence

Managers / Q2 2024 · view latest →

North of South Capital LLP

CIK 0002033334 · 16 KINNERTON PLACE SOUTH, LONDON, X0, SW1X 8EH · 44 207 152 6061

Reported Value
$386M
Q2 2024
Positions
17
Filings on Record
8
2019–present window
Filed
Aug 13, 2024
original filing

Summary

North Of South Capital LLP reported $386M in U.S.-listed holdings across 17 positions for Q2 2024.

The portfolio is heavily concentrated: TSM alone accounts for 24.1% of reported value.

Portfolio Metrics

Top-10 Concentration
+94.8%
share of reported value
Largest Position
+24.1%
Taiwan Semiconductor Mfg

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’24: $386MQ2 ’24Q3 ’24: $659MQ3 ’24Q4 ’24: $823MQ4 ’24Q1 ’25: $895MQ1 ’25Q2 ’25: $951MQ2 ’25Q3 ’25: $1.0BQ3 ’25Q4 ’25: $1.1BQ4 ’25Q1 ’26: $1.1BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ADR: 99.9%Common Stock: 0.1%
  • ADR · 99.9% · $386M
  • Common Stock · 0.1% · $272,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+534.4K534.4K+$93M$93M
BABAALIBABA GROUP HLDG LTDNEW+1.26M1.26M+$90M$90M
BIDUBAIDU INCNEW+373.1K373.1K+$32M$32M
VIPSVIPSHOP HLDGS LTDNEW+2.18M2.18M+$28M$28M
JDJD.COM INCNEW+1.08M1.08M+$28M$28M
VLRSCONTROLADORA VUELA COMP DE ANEW+4.16M4.16M+$26M$26M
GFIGOLD FIELDS LTDNEW+1.20M1.20M+$18M$18M
KOFCOCA-COLA FEMSA SAB DE CVNEW+203.1K203.1K+$17M$17M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2024

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS24.05%$93M534.4K
2BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS23.43%$90M1.26M
3BIDUBAIDU INChistory →SPON ADR REP A8.36%$32M373.1K
4VIPSVIPSHOP HLDGS LTDhistory →SPONSORED ADS A7.36%$28M2.18M
5JDJD.COM INChistory →SPON ADS CL A7.21%$28M1.08M
6VLRSCONTROLADORA VUELA COMP DE Ahistory →SPON ADR RP 106.85%$26M4.16M
7GFIGOLD FIELDS LTDhistory →SPONSORED ADR4.61%$18M1.20M
8KOFCOCA-COLA FEMSA SAB DE CVhistory →SPONSORD ADR REP4.51%$17M203.1K
9ATHMAUTOHOME INChistory →SP ADS RP CL A4.32%$17M607.7K
10YPFYPF SOCIEDAD ANONIMAhistory →SPON ADR CL D4.11%$16M789.5K
11SQMSOCIEDAD QUIMICA Y MINERA DEhistory →SPON ADR SER B3.19%$12M302.7K
12PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.66%$3M175.7K
13KTKT CORPSPONSORED ADR0.52%$2M145.6K
14KSPIKASPI KZ JSCSPONSORED ADS0.33%$1M10.0K
15UMCUNITED MICROELECTRONICS CORPSPON ADR NEW0.33%$1M147.1K
16TVGRUPO TELEVISA S A BSPON ADR REP ORD0.07%$277,000100.0K
17SANDSTORM GOLD LTDCOM NEW0.07%$272,00050.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.1B29Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.1B27Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.0B23Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$951M21Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$895M20Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$823M18Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$659M17Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$386M17Aug 13, 202413F-HRchanges · EDGAR ↗

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 ↗.