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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
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 558,880.0 $188.9M 5.66% -30K -5.0% $337.95 +18.8%
2 SLV CALL ISHARES SILVER TR Financial Services 2,627,200.0 $179.0M 5.37% -728K -21.7% $68.14 +1.9%
3 KWEB CALL KRANESHARES TRUST 1,859,200.0 $52.9M 1.58% -5.0M -72.8% $28.43 -2.8%
4 JBS N.V. 2,546,345.0 $45.7M 1.37% -1.1M -30.2% $17.96
5 ASHR CALL DBX ETF TR 1,335,300.0 $43.6M 1.31% -2.6M -66.5% $32.64 +8.0%
6 TSM PUT TAIWAN SEMICONDUCTOR MANUFAC Technology 100,300.0 $33.9M 1.02% -13K -11.3% $337.95 +18.8%
7 VIST VISTA ENERGY S.A.B. DE C.V. Energy 79,692.0 $6.0M 0.18% -751K -90.4% $75.47 -0.2%
8 RNW RENEW ENERGY GLOBAL PLC Utilities 1,277,071.0 $5.8M 0.17% -1.2M -48.1% $4.58 +21.2%
9 MMYT MAKEMYTRIP LIMITED MAURITIUS Consumer Cyclical 150,562.0 $5.6M 0.17% -600K -80.0% $37.29 +15.3%

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%