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Carrhae Capital LLP

13F filer · CIK 1555254 · London

Summary
Carrhae Capital LLP reported $3.62B across 29 positions in its 13F for 2026 Q2, filed Jul 15, 2026. The largest holdings are TSM (5.5%), SE (3.9%), EMBJ (3.6%). Versus 2026 Q1, leaving options aside, it opened 8 new positions, added to 6, trimmed 9 and sold out of 6.
Reported value$3.62B
Positions29incl. options
Report period2026 Q2
FiledJul 15, 2026
New positions8
Added6
Trimmed9
Sold out6

Top 23 holdings

By reported value, options listed separately · change vs 2026 Q1

Weight 5.5%Value $197.98MPrice $456.94Shares 415K -25.82%Since Jun 30 -4.32%
Weight 3.9%Value $140.50MPrice $98.62Shares 1.47MSince Jun 30 +2.91%
Weight 3.6%Value $129.50MPrice $76.87Shares 2.03M -29.73%Since Jun 30 +20.49%
Weight 3.4%Value $121.54MPrice $38.90Shares 3.91M -20.19%Since Jun 30 +25.12%
Weight 2.8%Value $101.49MPrice $27.25Shares 3.50M -30.63%Since Jun 30 -6.13%
Weight 2.7%Value $99.11MPrice $31.28Shares 3.30M +51.07%Since Jun 30 +4.16%
Weight 2.4%Value $87.46MPrice $20.65Shares 5.41MSince Jun 30 +27.78%
Weight 2.2%Value $78.78MPrice $8.09Shares 9.64M -52.83%Since Jun 30 -0.98%
Weight 1.9%Value $68.05MPrice $37.02Shares 1.36MSince Jun 30 -26.00%
Weight 1.8%Value $63.77MPrice $1834Shares 32KSince Jun 30 -7.79%
Weight 1.7%Value $62.27MPrice $133.05Shares 400K -22.75%Since Jun 30 -14.48%
Weight 1.7%Value $61.20MPrice $94.63Shares 757K +199.10%Since Jun 30 +16.99%
Weight 1.4%Value $52.19MPrice $27.27Shares 1.86MSince Jun 30 -2.99%
Weight 1.3%Value $48.01MPrice $107.74Shares 500K -62.51%Since Jun 30 +12.25%
Weight 1.1%Value $39.28MPrice $121.82Shares 307K +343.24%Since Jun 30 -4.93%
Weight 1.1%Value $38.79MPrice $49.87Shares 834K +49.84%Since Jun 30 +7.27%
Weight 1.1%Value $38.19MPrice $13.85Shares 2.20MSince Jun 30 -20.26%
Weight 0.7%Value $24.65MPrice $31.54Shares 726K +21.49%Since Jun 30 -7.10%
Weight 0.4%Value $15.56MPrice $3.36Shares 4.48MSince Jun 30 -3.17%
Weight 0.4%Value $15.44MPrice $55.05Shares 278K -17.52%Since Jun 30 -0.79%
Weight 0.3%Value $11.80MPrice $47.12Shares 221K +47.04%Since Jun 30 -11.58%
Weight 0.3%Value $11.80MPrice $5.71Shares 1.47M -3.03%Since Jun 30 -28.98%
Weight 0.3%Value $10.14MPrice $16.60Shares 698KSince Jun 30 +14.25%

Weight is the share of the reported 13F value, including options at notional value. “Since Jun 30” compares the latest close with the quarter-end price implied by the filing (value ÷ shares).

Largest buys in 2026 Q2

SESESEA LTD≈ $140.50MNew
ASMLASMLASML HLDG NV≈ $63.77MNew

Largest sells in 2026 Q2

Options

Notional value, listed apart from stocks

QQQQQQINVESCO QQQ TRPUT$1.06BTrim
EEMEEMISHARES TRPUT$549.18MNew
GLDGLDSPDR GOLD TRCALL$223.98MAdd
KWEBKWEBKRANESHARES TRUSTCALL$65.86MAdd

Source: SEC Form 13F, values as reported by the filer. Filings lag up to 45 days after quarter end and cover only certain long positions. Research only, not investment advice.

Original filing All 13F filings on EDGAR