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Portfolio (Quarterly) Guide ↗

Carrhae Capital LLP

· CIK 0001555254
13F Portfolio $3.6B AUM 29 positions Filed Jul 15, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 9 New 9 Added 10 Reduced 9 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 GLD CALL SPDR GOLD TR Financial Services 608,000.0 $224.0M 6.18% +472K +347.7% $368.38 +14.4%
2 BABA CALL ALIBABA GROUP HLDG LTD Consumer Cyclical 1,440,800.0 $138.3M 3.82% +1.1M +294.1% $95.98 +24.8%
3 GDS GDS HLDGS LTD Technology 3,300,419.0 $99.1M 2.74% +1.1M +51.1% $30.03 +8.4%
4 KWEB CALL KRANESHARES TRUST 2,691,600.0 $65.9M 1.82% +832K +44.8% $24.47 +7.4%
5 ANGLOGOLD ASHANTI PLC 756,610.0 $61.2M 1.69% +504K +199.1% $80.89
6 NTES NETEASE COM INC Technology 306,577.0 $39.3M 1.08% +237K +343.2% $128.14 -3.7%
7 SLB SLB LIMITED Energy 834,322.0 $38.8M 1.07% +278K +49.8% $46.49 +15.3%
8 HAL HALLIBURTON CO Energy 726,193.0 $24.7M 0.68% +128K +21.5% $33.95 +1.4%
9 MMYT MAKEMYTRIP LIMITED MAURITIUS Consumer Cyclical 221,385.0 $11.8M 0.33% +71K +47.0% $53.29 +11.0%

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 30.4%
Consumer Cyclical 17.6%
Industrials 14.2%
Energy 12.3%
Financial Services 12.0%
Basic Materials 9.0%
Consumer Defensive 3.9%
Real Estate 0.7%