North of South Capital LLP

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
28
Quarter
2025 Q4
Top Holding
IBN (19.8%)
Top 10 Concentration
91.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 28
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
IBN
ICICI BANK-ADR
Financial Services 19.79% 9.41% #1 4
Prev: #5
10.0 4,150,207 128.2%
P
S
7,388,440 $220,175,512 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMIC-AD...
Technology 12.39% 12.25% #2 1
Prev: #3
5.0 -2,565 -0.6%
P
S
453,780 $137,899,204 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JD
JD.COM INC-ADR
Consumer Cyclical 10.97% 13.69% #3 2
Prev: #1
6.4 180,081 4.4%
P
S
4,253,012 $122,061,444 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
YMM
FULL TRUCK A-AD...
Technology 10.46% 13.22% #4 2
Prev: #2
6.2 240,446 2.3%
P
S
10,847,821 $116,397,119 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PAAS
PAN AMER SILVER
Basic Materials 10.00% 11.17% #5 1
Prev: #4
4.1 -852,494 -28.4%
P
S
2,147,562 $111,265,187 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KT
KT CORP-ADR
Communication Services 7.72% 8.03% #6
Prev: #6
5.1 246,124 5.7%
P
S
4,529,411 $85,922,927 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
YPF
YPF SA-ADR
Energy 5.43% 3.78% #7 4
Prev: #11
4.2 50,395 3.1%
P
S
1,670,378 $60,400,868 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BIDU
BAIDU INC-SP AD...
Communication Services 5.00% 5.26% #8 1
Prev: #9
4.0 10,768 2.6%
P
S
426,013 $55,662,859 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LAUR
LAUREATE EDUCAT...
Consumer Defensive 4.65% 4.87% #9 1
Prev: #10
1.9 -67,927 -4.2%
P
S
1,537,384 $51,763,719 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ATHM
AUTOHOME INC-AD...
Communication Services 4.55% 6.27% #10 2
Prev: #8
1.8 -12,075 -0.5%
P
S
2,272,864 $50,593,953 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VIPS
VIPSHOP HOLD-AD...
Consumer Cyclical 3.60% 6.33% #11 4
Prev: #7
1.5 -1,093,316 -32.6%
P
S
2,262,683 $40,026,862 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VLRS
CONTROLADORA-AD...
Industrials 3.19% 3.51% #12
Prev: #12
1.3 -1,085,436 -21.4%
P
S
3,996,297 $35,487,117 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GRP-ADR
Consumer Cyclical 0.52% 0.60% #13
Prev: #13
2.2 4,395 12.6%
P
S
39,398 $5,774,959 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PBR
PETROBRAS SA-AD...
Energy 0.28% 0.35% #14 1
Prev: #15
0.1 -19,520 -6.8%
P
S
265,853 $3,150,358 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BAP
CREDICORP LTD
Financial Services 0.27% 0.10% #15 4
Prev: #19
2.4 6,519 163.0%
P
S
10,519 $3,018,953 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HMY
HARMONY GOLD-AD...
Basic Materials 0.17% #16
Prev: #—
2.1 95,204 no change
NEW
95,204 $1,894,560 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UMC
UNITED MICRO-AD...
Technology 0.14% 0.09% #17 3
Prev: #20
2.2 77,000 61.6%
P
S
202,000 $1,587,720 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LOMA
LOMA NEGRA C-AD...
Basic Materials 0.14% #18
Prev: #—
2.1 120,000 no change
NEW
120,000 $1,554,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TIGO
MILLICOM INTL
Communication Services 0.13% 0.13% #19 2
Prev: #17
0.1 no change no change
P
S
27,054 $1,499,874 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KSPI
JSC KASPI.KZ
Technology 0.13% #20
Prev: #—
2.1 18,237 no change
NEW
18,237 $1,424,857 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORAAF
AURA MINERALS
Unknown 0.13% 0.30% #21 5
Prev: #16
0.2 -55,188 -66.5%
P
S
27,798 $1,401,436 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MUX
MCEWEN INC
Basic Materials 0.08% 0.08% #22 1
Prev: #21
0.0 no change no change
P
S
50,000 $925,500 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LTM
LATAM AIRLINES ...
Industrials 0.08% #23
Prev: #—
2.0 16,743 no change
NEW
16,743 $904,289 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EBR
AXIA ENERGIA-AD...
Unknown 0.07% 0.42% #24 10
Prev: #14
0.3 -354,705 -80.7%
P
S
84,977 $778,389 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BBAR
BBVA ARGENT-ADR
Financial Services 0.05% 0.02% #25 2
Prev: #23
0.0 no change no change
P
S
30,000 $542,100 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SKM
SK TELEC-SPN AD...
Communication Services 0.00% 0.11%
Sold All 😨
(Was: #18)
0.3 -52,439 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 28 holdings

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