North of South Capital LLP reported 26 positions worth $1.35B for the quarter ended Jun 30, 2026, up 22.2% on the prior quarter. It opened 3 new positions, added to 11, trimmed 10 and exited 4. Its largest holding is Icici Bank Ltd at 18.7% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| YUMC Yum China Holdings, Inc. | +1.54M | – | $62.80M | 4.66% |
| JD JD.com, Inc. | +2.25M | +51.0% | $57.33M | 12.6% |
| HDB Hdfc Bank Ltd | +1.59M | – | $41.15M | 3.05% |
| KSPI Joint Stock Co Kaspi.kz | +417.7K | +73.3% | $36.19M | 6.35% |
| YPF Ypf Sociedad Anonima | +499.3K | +14.2% | $22.70M | 13.58% |
| BIDU Baidu, Inc. | +179.6K | +24.3% | $20.53M | 7.8% |
| YMM Full Truck Alliance Co. Ltd. | +1.82M | +16.4% | $14.76M | 7.8% |
| IBN Icici Bank Ltd | +250.5K | +3.0% | $7.27M | 18.73% |
| TGS Gas Transporter Of The South Inc | +222.0K | +34.6% | $6.60M | 1.9% |
| JOYY JOYY Inc. | +39.7K | – | $2.62M | 0.194% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -76.4K | -18.8% | $36.50M | 11.73% |
| PAAS Pan American Silver Corp | -552.4K | -48.0% | $24.74M | 1.99% |
| LAUR Laureate Education, Inc. | -355.2K | -23.3% | $12.90M | 3.16% |
| UMC United Microelectronics Corp | -354.4K | -87.5% | $9.64M | 0.102% |
| ATHM Autohome Inc. | -272.4K | -7.4% | $5.18M | 4.84% |
| LTM Latam Airlines Group S.A. | -39.5K | -100.0% | $1.95M | Exited |
| PBR Petrobras - Petroleo Brasileiro Sa | -96.0K | -42.1% | $1.55M | 0.158% |
| BABA Alibaba Group Holding Ltd | -11.2K | -31.2% | $1.08M | 0.177% |
| AMX America Movil Sab De Cv/ | -41.6K | -100.0% | $1.06M | Exited |
| TS Tenaris Sa | -18.1K | -100.0% | $1.05M | Exited |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | IBN Icici Bank Ltd | Financial Services | 8.69M | $252.28M | 18.73% | +250.5K | +3.0% | Added | 0.13% |
| 2 | YPF Ypf Sociedad Anonima | Energy | 4.02M | $182.95M | 13.58% | +499.3K | +14.2% | Added | 1.03% |
| 3 | JD JD.com, Inc. | Consumer Discretionary | 6.66M | $169.74M | 12.6% | +2.25M | +51.0% | Added | 0.55% |
| 4 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 331.0K | $158.06M | 11.73% | -76.4K | -18.8% | Reduced | 0% |
| 5 | YMM Full Truck Alliance Co. Ltd. | Technology | 12.94M | $105.04M | 7.8% | +1.82M | +16.4% | Added | 1.24% |
| 6 | BIDU Baidu, Inc. | Technology | 918.9K | $105.03M | 7.8% | +179.6K | +24.3% | Added | 0.27% |
| 7 | KSPI Joint Stock Co Kaspi.kz | Financial Services | 987.4K | $85.55M | 6.35% | +417.7K | +73.3% | Added | 0.52% |
| 8 | ATHM Autohome Inc. | Technology | 3.43M | $65.24M | 4.84% | -272.4K | -7.4% | Reduced | 2.96% |
| 9 | YUMC Yum China Holdings, Inc. | Consumer Discretionary | 1.54M | $62.80M | 4.66% | +1.54M | – | New | 0.44% |
| 10 | LAUR Laureate Education, Inc. | Consumer Discretionary | 1.17M | $42.56M | 3.16% | -355.2K | -23.3% | Reduced | 0.84% |
| 11 | HDB Hdfc Bank Ltd | Financial Services | 1.59M | $41.15M | 3.05% | +1.59M | – | New | 0.03% |
| 12 | PAAS Pan American Silver Corp | Basic Materials | 598.7K | $26.82M | 1.99% | -552.4K | -48.0% | Reduced | 0.16% |
| 13 | TGS Gas Transporter Of The South Inc | Energy | 863.0K | $25.66M | 1.9% | +222.0K | +34.6% | Added | 0.11% |
| 14 | KT Kt Corp | Communication Services | 232.7K | $4.02M | 0.299% | +137.5K | +144.4% | Added | 0.05% |
| 15 | VIST Vista Energy, S.A.B. de C.V. | Energy | 41.4K | $2.64M | 0.196% | -76 | -0.2% | Reduced | 0.04% |
Tip. Select a row to see that position’s full history at North of South Capital LLP.
As of its Q2 2026 13F filing, North of South Capital LLP’s five largest positions were Icici Bank Ltd (IBN) at 18.7%, Ypf Sociedad Anonima (YPF) at 13.6%, JD.com, Inc. (JD) at 12.6%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 11.7%, Full Truck Alliance Co. Ltd. (YMM) at 7.8% of the reported portfolio.
North of South Capital LLP reported a 13F portfolio worth $1.35B across 26 positions for Q2 2026. That is up 22.2% from the previous quarter.
Its largest purchases by value were Yum China Holdings, Inc. ($62.80M), JD.com, Inc. ($57.33M), Hdfc Bank Ltd ($41.15M). It opened 3 new positions.
Its largest sales by value were Taiwan Semiconductor Manufacturing Co Ltd ($36.50M), Pan American Silver Corp ($24.74M), Laureate Education, Inc. ($12.90M). It exited 4 positions entirely.
From the Form 13F-HR reports North of South Capital LLP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.