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North of South Capital LLP

Q2 2026 13F filing

Updated 42 days ago

28 disclosed positions worth $1.4B

Portfolio value

$1.4B

Total holdings

28

New positions

3

Closed positions

4

Increased

11

Decreased

10

Turnover

25.0%

Filed

2026-07-30

Full holdings

Every line item disclosed in Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	I IBN ICICI BANK-ADR	$252.3M	8.69M	18.57%	Added(+3.0%)
2	Y YPF YPF SA-ADR	$183M	4.02M	13.47%	Added(+14.2%)
3	J JDCMF JD.COM INC-ADR	$169.7M	6.66M	12.49%	Added(+51.0%)
4	T TSMWF TAIWAN SEMIC-ADR	$158.1M	331.0K	11.63%	Trimmed(-18.8%)
5	Y YMM FULL TRUCK A-ADR	$105M	12.94M	7.73%	Added(+16.4%)
6	B BAIDF BAIDU INC-SP ADR	$105M	918.9K	7.73%	Added(+24.3%)
7	? N/A JSC KASPI.KZ	$85.5M	987.4K	6.30%	Added(+73.3%)
8	A ATHM AUTOHOME INC-ADR	$65.2M	3.43M	4.80%	Trimmed(-7.4%)
9	Y YUMC YUM CHINA HO	$62.8M	1.54M	4.62%	—
10	? N/A LAUREATE EDUCATI	$42.6M	1.17M	3.13%	Trimmed(-23.3%)
11	H HDB HDFC BANK-ADR	$41.2M	1.59M	3.03%	—
12	P PAASF PAN AMER SILVER	$26.8M	598.7K	1.97%	Trimmed(-48.0%)
13	? N/A TRANSPORT GA-ADR	$25.7M	863.0K	1.89%	Added(+34.6%)
14	E ETHA ISHARES MSCI IND	$10.9M	221.0K	0.80%	Unchanged
15	K KT KT CORP-ADR	$4M	232.7K	0.30%	Added(+144.4%)
16	? N/A VISTA ENERGY SAB	$2.6M	41.4K	0.19%	Trimmed(-0.2%)
17	? N/A JOYY INC-ADR	$2.6M	39.7K	0.19%	—
18	B BBAAY ALIBABA GRP-ADR	$2.4M	24.8K	0.18%	Trimmed(-31.2%)
19	H HGMCF HARMONY GOLD-ADR	$2.1M	140.9K	0.16%	Added(+4.8%)
20	P PBR-A PETROBRAS SA-ADR	$2.1M	131.7K	0.16%	Trimmed(-42.1%)
21	A AXIA-PC AXIA ENERGIA-ADR	$1.9M	177.3K	0.14%	Added(+17.9%)
22	B BAP CREDICORP LTD	$1.7M	4.5K	0.13%	Trimmed(-36.5%)
23	U UMC UNITED MICRO-ADR	$1.4M	50.7K	0.10%	Trimmed(-87.5%)
24	L LOMA LOMA NEGRA C-ADR	$1.2M	108.2K	0.09%	Trimmed(-33.8%)
25	? N/A TELEKOMUNIKA-ADR	$944K	70.3K	0.07%	Added(+2.0%)
26	M MUX MCEWEN INC	$907K	50.0K	0.07%	Unchanged
27	B BBAR BBVA ARGENT-ADR	$588K	30.0K	0.04%	Unchanged
28	? N/A GRUPO TELEV-ADR	$271K	100.0K	0.02%	Unchanged

I

ICICI BANK-ADR

+3.0%

Value

$252.3M

Shares

8.69M

% Port

18.57%

Y

YPF SA-ADR

+14.2%

Value

$183M

Shares

4.02M

% Port

13.47%

J

JD.COM INC-ADR

+51.0%

Value

$169.7M

Shares

6.66M

% Port

12.49%

T

TAIWAN SEMIC-ADR

-18.8%

Value

$158.1M

Shares

331.0K

% Port

11.63%

Y

FULL TRUCK A-ADR

+16.4%

Value

$105M

Shares

12.94M

% Port

7.73%

B

BAIDU INC-SP ADR

+24.3%

Value

$105M

Shares

918.9K

% Port

7.73%

?

7.N/A

JSC KASPI.KZ

+73.3%

Value

$85.5M

Shares

987.4K

% Port

6.30%

A

AUTOHOME INC-ADR

-7.4%

Value

$65.2M

Shares

3.43M

% Port

4.80%

Y

YUM CHINA HO

Value

$62.8M

Shares

1.54M

% Port

4.62%

?

10.N/A

LAUREATE EDUCATI

-23.3%

Value

$42.6M

Shares

1.17M

% Port

3.13%

H

11.HDB

HDFC BANK-ADR

Value

$41.2M

Shares

1.59M

% Port

3.03%

P

PAN AMER SILVER

-48.0%

Value

$26.8M

Shares

598.7K

% Port

1.97%

?

13.N/A

TRANSPORT GA-ADR

+34.6%

Value

$25.7M

Shares

863.0K

% Port

1.89%

E

ISHARES MSCI IND

Unchanged

Value

$10.9M

Shares

221.0K

% Port

0.80%

K

15.KT

KT CORP-ADR

+144.4%

Value

$4M

Shares

232.7K

% Port

0.30%

?

16.N/A

VISTA ENERGY SAB

-0.2%

Value

$2.6M

Shares

41.4K

% Port

0.19%

?

17.N/A

JOYY INC-ADR

Value

$2.6M

Shares

39.7K

% Port

0.19%

B

ALIBABA GRP-ADR

-31.2%

Value

$2.4M

Shares

24.8K

% Port

0.18%

H

HARMONY GOLD-ADR

+4.8%

Value

$2.1M

Shares

140.9K

% Port

0.16%

P

PETROBRAS SA-ADR

-42.1%

Value

$2.1M

Shares

131.7K

% Port

0.16%

A

AXIA ENERGIA-ADR

+17.9%

Value

$1.9M

Shares

177.3K

% Port

0.14%

B

22.BAP

CREDICORP LTD

-36.5%

Value

$1.7M

Shares

4.5K

% Port

0.13%

U

23.UMC

UNITED MICRO-ADR

-87.5%

Value

$1.4M

Shares

50.7K

% Port

0.10%

L

LOMA NEGRA C-ADR

-33.8%

Value

$1.2M

Shares

108.2K

% Port

0.09%

?

25.N/A

TELEKOMUNIKA-ADR

+2.0%

Value

$944K

Shares

70.3K

% Port

0.07%

M

26.MUX

MCEWEN INC

Unchanged

Value

$907K

Shares

50.0K

% Port

0.07%

B

BBVA ARGENT-ADR

Unchanged

Value

$588K

Shares

30.0K

% Port

0.04%

?

28.N/A

GRUPO TELEV-ADR

Unchanged

Value

$271K

Shares

100.0K

% Port

0.02%