Carrhae Capital LL.P. 13F annual report
Carrhae Capital LL.P. is an investment fund managing more than $606 billion ran by Robin Howes. There are currently 17 companies in Mr. Howes’s portfolio. The largest investments include Eldorado Gold and Alibaba Group Hldg Ltd, together worth $161 billion.
$606 billion Assets Under Management (AUM)
As of 14th August 2024, Carrhae Capital LL.P.’s top holding is 5,994,078 shares of Eldorado Gold currently worth over $88.7 billion and making up 14.6% of the portfolio value.
Relative to the number of outstanding shares of Eldorado Gold, Carrhae Capital LL.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 1,001,048 shares of Alibaba Group Hldg Ltd worth $72.1 billion.
The third-largest holding is Icici Bank Limited worth $64 billion and the next is Taiwan Semiconductor Mfg Ltd worth $50.9 billion, with 293,014 shares owned.
Currently, Carrhae Capital LL.P.'s portfolio is worth at least $606 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Carrhae Capital LL.P.
The Carrhae Capital LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Robin Howes serves as the CHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER at Carrhae Capital LL.P..
Recent trades
In the most recent 13F filing, Carrhae Capital LL.P. revealed that it had opened a new position in
Vale S.A and bought 2,210,904 shares worth $24.7 billion.
This means they effectively own approximately 0.1% of the company.
Vale S.A makes up
14.4%
of the fund's Materials sector allocation and has decreased its share price by 15.6% in the past year.
The investment fund also strengthened its position in Alibaba Group Hldg Ltd by buying
838,652 additional shares.
This makes their stake in Alibaba Group Hldg Ltd total 1,001,048 shares worth $72.1 billion.
On the other hand, there are companies that Carrhae Capital LL.P. is getting rid of from its portfolio.
Carrhae Capital LL.P. closed its position in NetEase Inc on 21st August 2024.
It sold the previously owned 388,115 shares for $40.2 billion.
Robin Howes also disclosed a decreased stake in Eldorado Gold by approximately 0.1%.
This leaves the value of the investment at $88.7 billion and 5,994,078 shares.
One of the average hedge funds
The two most similar investment funds to Carrhae Capital LL.P. are State Of Wyoming and Coppell Advisory Solutions. They manage $606 billion and $606 billion respectively.
Robin Howes investment strategy
Carrhae Capital LL.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Materials — making up 28.3% of
the total portfolio value.
The fund focuses on investments in the Canada as
11.8% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
18% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $29.1 billion.
The complete list of Carrhae Capital LL.P. trades based on 13F SEC filings
These positions were updated on August 21st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Eldorado Gold Corp. |
1.63%
5,994,078
|
$88,652,413,000 | 14.62% |
| Alibaba Group Hldg Ltd |
516.42%
1,001,048
|
$72,075,456,000 | 11.89% |
| Icici Bank Limited |
15.07%
2,220,095
|
$63,960,937,000 | 10.55% |
| Taiwan Semiconductor Mfg Ltd |
36.97%
293,014
|
$50,928,763,000 | 8.40% |
| Embraer S.A. |
126.51%
1,800,911
|
$46,463,504,000 | 7.66% |
| AngloGold Ashanti Plc. |
17.99%
1,658,495
|
$41,677,979,000 | 6.88% |
| New Oriental Ed & Technology |
145.66%
524,339
|
$40,756,870,000 | 6.72% |
| NetEase Inc |
Closed
388,115
|
$40,158,259,000 | |
| Fomento Economico Mexicano S |
46.09%
301,496
|
$32,456,044,000 | 5.35% |
| Full Truck Alliance Co. Ltd. |
17.43%
3,966,866
|
$31,893,603,000 | 5.26% |
| XP Inc |
Closed
995,857
|
$25,553,691,000 | |
| Makemytrip Limited Mauritius |
50.35%
293,821
|
$24,710,346,000 | 4.08% |
| Vale S.A. |
Opened
2,210,904
|
$24,695,798,000 | 4.07% |
| Yum China Holdings Inc |
Closed
598,622
|
$23,819,169,000 | |
| KE Holdings Inc. |
Opened
1,348,487
|
$19,081,091,000 | 3.15% |
| Hudbay Minerals Inc. |
Opened
1,845,991
|
$16,706,219,000 | 2.76% |
| Franco Nev Corp |
13.02%
134,716
|
$15,966,540,000 | 2.63% |
| PDD Holdings Inc |
18.74%
113,079
|
$15,033,853,000 | 2.48% |
| Rio Tinto plc |
Closed
211,880
|
$13,505,231,000 | |
| Renew Energy Global Plc |
17.56%
2,159,172
|
$13,473,233,000 | 2.22% |
| Spdr S&p 500 Etf Tr |
Opened
14,095
|
$7,670,781,000 | 1.27% |
| Dlocal Ltd |
Closed
364,176
|
$5,353,387,000 | |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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