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Portfolio (Quarterly) Guide ↗

Carrhae Capital LLP

· CIK 0001555254
13F Portfolio $3.3B AUM 29 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 10 New 10 Added 9 Reduced 16 Exited
Page 2 of 2  ·  29 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ANGLOGOLD ASHANTI PLC 252,966.0 $24.6M 0.74% +155K +157.4% $97.36
22 HAL HALLIBURTON CO Energy 597,721.0 $23.3M 0.70% NEW $38.99 +7.6%
23 TS TENARIS S A Energy 337,428.0 $19.6M 0.59% NEW $58.18 +4.3%
24 VNET VNET GROUP INC Technology 1,513,055.0 $12.7M 0.38% NEW $8.39 +21.7%
25 MT ARCELORMITTAL SA LUXEMBOURG Basic Materials 196,677.0 $10.2M 0.31% NEW $51.98 +23.3%
26 NTES NETEASE COM INC Technology 69,167.0 $7.7M 0.23% NEW $111.94 +2.1%
27 VIST VISTA ENERGY S.A.B. DE C.V. Energy 79,692.0 $6.0M 0.18% -751K -90.4% $75.47 -0.2%
28 RNW RENEW ENERGY GLOBAL PLC Utilities 1,277,071.0 $5.8M 0.17% -1.2M -48.1% $4.58 +21.2%
29 MMYT MAKEMYTRIP LIMITED MAURITIUS Consumer Cyclical 150,562.0 $5.6M 0.17% -600K -80.0% $37.29 +15.3%
Page 2 of 2  ·  29 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 24.4%
Consumer Cyclical 21.0%
Industrials 18.9%
Basic Materials 14.7%
Financial Services 14.1%
Energy 6.4%
Utilities 0.5%