CIK 2033334
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 20.66% | 3 |
| Oil, Gas & Consumable Fuels | 15.34% | 3 |
| Software & IT Services | 13.17% | 2 |
| Semiconductors & Semiconductor Equipment | 12.70% | 2 |
| Specialty Retail | 11.72% | 1 |
| Software | 8.29% | 1 |
| Metals & Mining | 6.07% | 5 |
| Diversified Consumer Services | 4.78% | 1 |
| Commercial Services & Supplies | 4.20% | 2 |
| Utilities | 2.15% | 2 |
| Diversified Telecommunication Services | 0.30% | 2 |
| Banks | 0.26% | 2 |
| Airlines | 0.18% | 1 |
| Construction Materials | 0.16% | 1 |
| Media & Entertainment | 0.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IBN | ICICI BANK LIMITED | Unclassified | 19.64% |
| 2 | YPF | YPF SOCIEDAD ANONIMA | Energy | 14.63% |
| 3 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 12.37% |
| 4 | JD | JD.Com, Inc. | Consumer Discretionary | 11.72% |
| 5 | YMM | Full Truck Alliance Co. Ltd. | Information Technology | 8.29% |
| 6 | BIDU | Baidu, Inc. | Information Technology | 7.40% |
| 7 | ATHM | Autohome Inc. | Information Technology | 5.77% |
| 8 | PAAS | PAN AMERICAN SILVER CORP | Materials | 5.65% |
| 9 | LAUR | LAUREATE EDUCATION, INC. | Consumer Discretionary | 4.78% |
| 10 | KSPI | Joint Stock Co Kaspi.kz | Industrials | 3.79% |
26/29 names classified · sector 79.3% of weight · industry 79.3% · mkt cap 4.9%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 79.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 5% of book weight classified — the grid is NOT representative of the whole book.
Classified: 4.8% of book weight (1/29 names) · unclassified 95.2%: IBN, YPF, TSM, JD, YMM, BIDU, ATHM, PAAS, KSPI, TGS +18 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | IBNICICI BANK LIMITED | 8,439,972 | $219M | 19.6% | ADD 14% |
| 2 | YPFYPF SOCIEDAD ANONIMA | 3,524,252 | $163M | 14.6% | ADD 111% |
| 3 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 407,377 | $138M | 12.4% | TRIM −10% |
| 4 | JDJD.COM INC | 4,411,681 | $130M | 11.7% | ADD 4% |
| 5 | YMMFULL TRUCK ALLIANCE CO LTD | 11,118,123 | $92M | 8.3% | ADD 2% |
| 6 | BIDUBAIDU INC | 739,299 | $82M | 7.4% | ADD 74% |
| 7 | ATHMAUTOHOME INC | 3,700,631 | $64M | 5.8% | ADD 63% |
| 8 | PAASPAN AMERN SILVER CORP | 1,151,110 | $63M | 5.6% | TRIM −46% |
| 9 | LAURLAUREATE EDUCATION INC | 1,526,892 | $53M | 4.8% | HOLD |
| 10 | KSPIKASPI KZ JSC | 569,681 | $42M | 3.8% | ADD 3024% |
| 11 | TGSTRANSPORTADORA DE GAS SUR | 640,999 | $22M | 2.0% | NEW |
| 12 | INDAISHARES TR | 220,987 | $10M | 0.9% | NEW |
| 13 | PBRPETROLEO BRASILEIRO S A | 227,683 | $5M | 0.4% | TRIM −14% |
| 14 | BABAALIBABA GROUP HLDG LTD | 36,054 | $5M | 0.4% | TRIM −8% |
| 15 | UMCUnited Microelectronics ADR | 405,075 | $4M | 0.3% | ADD 101% |
| 16 | VISTVISTA ENERGY S.A.B. DE C.V. | 41,519 | $3M | 0.3% | NEW |
| 17 | BAPCREDICORP LTD | 7,014 | $2M | 0.2% | TRIM −33% |
| 18 | HMYHARMONY GOLD MINING CO LTD | 134,490 | $2M | 0.2% | ADD 41% |
| 19 | KTKT CORP | 95,202 | $2M | 0.2% | TRIM −98% |
| 20 | LTMLATAM AIRLINES GROUP SA | 39,455 | $2M | 0.2% | ADD 136% |
| 21 | LOMALOMA NEGRA C I A S A MTN 14 | 163,566 | $2M | 0.2% | ADD 36% |
| 22 | AXIACENTRAIS ELET BRAS SA | 150,411 | $2M | 0.2% | ADD 77% |
| 23 | TLKP T TELEKOMUNIKASI INDONESIA | 68,845 | $1M | 0.1% | NEW |
| 24 | AMXAMERICA MOVIL SAB DE CV | 41,563 | $1M | 0.1% | NEW |
| 25 | TSTENARIS S A | 18,087 | $1M | 0.1% | NEW |
| 26 | MUXMCEWEN INC. | 50,000 | $1M | 0.1% | HOLD |
| 27 | AUGOAURA MINERALS INC | 7,304 | $596,006 | 0.1% | TRIM −74% |
| 28 | BBARBANCO BBVA ARGENTINA S A | 30,000 | $481,800 | 0.0% | HOLD |
| 29 | TVGRUPO TELEVISA SA | 100,000 | $291,000 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IBNICICI BANK LIMITED | 51K | 51K | 316K | 3.2M | 7.4M | 8.4M | $219M |
| YPFYPF SOCIEDAD ANONIMA | 1.2M | 1.4M | 1.6M | 1.6M | 1.7M | 3.5M | $163M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | 516K | 441K | 446K | 456K | 454K | 407K | $138M |
| JDJD.COM INC | 2.9M | 3.3M | 4.0M | 4.1M | 4.3M | 4.4M | $130M |
| YMMFULL TRUCK ALLIANCE CO LTD | 5.7M | 6.2M | 7.9M | 10.6M | 10.8M | 11.1M | $92M |
| BIDUBAIDU INC | 615K | 557K | 619K | 415K | 426K | 739K | $82M |
| ATHMAUTOHOME INC | 2.0M | 2.0M | 2.2M | 2.3M | 2.3M | 3.7M | $64M |
| PAASPAN AMERN SILVER CORP | — | — | 551K | 3.0M | 2.1M | 1.2M | $63M |
| LAURLAUREATE EDUCATION INC | 1.3M | 1.3M | 1.6M | 1.6M | 1.5M | 1.5M | $53M |
| KSPIKASPI KZ JSC | — | — | — | — | 18K | 570K | $42M |
| TGSTRANSPORTADORA DE GAS SUR | — | 25K | 37K | — | — | 641K | $22M |
| INDAISHARES TR | — | — | — | — | — | 221K | $10M |
| PBRPETROLEO BRASILEIRO S A | 198K | 178K | 114K | 285K | 266K | 228K | $5M |
| BABAALIBABA GROUP HLDG LTD | 2.0M | 1.8M | 2.1M | 35K | 39K | 36K | $5M |
| UMCUnited Microelectronics ADR | 161K | — | — | 125K | 202K | 405K | $4M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
