Carrhae Capital LLP — 13F holdings

Carrhae Capital LLP reported 30 holdings worth $3.10B in its 13F filing for Q3 2026, filed October 20, 2026.

Largest positions

1. QQQ INVESCO QQQ TR — $724M (23.3%)
2. BABA ALIBABA GROUP HLDG LTD — $353M (11.4%)
3. TSM TAIWAN SEMICONDUCTOR MFG LTD — $231M (7.5%)
4. GLD SPDR GOLD TR — $225M (7.3%)
5. EGO ELDORADO GOLD CORP NEW — $198M (6.4%)
6. ITUB ITAU UNIBANCO HLDG S A — $185M (6.0%)
7. EEM ISHARES TR — $162M (5.2%)
8. SE SEA LTD — $120M (3.9%)
9. SLV ISHARES SILVER TR — $119M (3.8%)
10. GDS GDS HLDGS LTD — $107M (3.5%)