Carrhae Capital LLP
•CIK: 1555254•Filing: Q4 2025
**Carrhae Capital LLP** manages $2.6B across a concentrated portfolio of 34 positions. The fund exhibits significant exposure to technology and global markets, notably holding NDQ at $284.5M and KWEB at $232.7M. Further allocations include substantial positions in SLV ($216.1M) and EEM ($215.6M), indicating a strategic tilt toward commodities and international equities. This top-down approach is underpinned by deep conviction in key growth sectors, as evidenced by the top ten holdings.
Total AUM
$1.5B
+ $1.1B in options
QoQ Performance
+42.5%
Positions
27
+ 6 options
Top 10 Concentration
64.8%
Latest Filing
Q4 2025
Top Holdings Allocation
NDQ
KWEB
SLV
EEM
TSM
ELD
ASHR
NDQ10.9%
KWEB8.9%
SLV8.3%
EEM8.3%
TSM6.9%
ELD5.5%
ASHR5.0%
SE4.1%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW11 new positions
↑11 increased
↓11 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024