Somerset Capital Management LLP

CIK

1616009

Location

LONDON, X0

Portfolio Value

Micro $8,076,980

Diversification

Highly concentrated

Filing Date

Global Rank

#6,978 / 7,317 ▼ 5156

Top Industry

Banks - Regional 42.1%

3Y Alpha vs SPY

+2.0%

Period ended 2 years ago

Filed Jan 4, 2024 · 2y

16 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+85.5%

SPY

+76.5%

Annualised alpha

+2.0%

Max drawdown

−25.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

5 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

42.1%

+5.8 pts

Top 5

100.0%

+0.9 pts

Top 10

100.0%

0.0 pts

HHI

2,721

Highly concentrated+346

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Financial Services	42.1%	$3,399,248	1
Industrials	23.3%	$1,881,687	1
Consumer Cyclical	23.3%	$1,880,790	2
Basic Materials	11.3%	$915,255	1

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
FCX	Freeport-Mcmoran Inc	−1,718,519	21,500	$915,255
YUMC	Yum China Holdings, Inc.	−1,485,435	18,400	$780,712
MELI	Mercadolibre Inc	−68,144	700	$1,100,078
CPA	Copa Holdings, S.A.	−2,800	17,700	$1,881,687
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
IBN	Icici Bank Ltd	9,210,826	$212,954,297
INFY	Infosys Ltd	7,734,971	$132,345,353
WDH	Waterdrop Inc.	121,700	$141,172
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

5 positions · $8,076,980 total · as of Dec 31, 2023

All sectors Basic Materials Consumer Cyclical Financial Services Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
KB	KB Financial Group Inc. Financial Services	Held	82,167	0	$3,399,248	+0.6%	42.09%
CPA	Copa Holdings, S.A. Industrials	Reduced	17,700	-2,800	$1,881,687	+3.0%	23.30%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	700	-68,144	$1,100,078	−98.7%	13.62%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	21,500	-1,718,519	$915,255	−98.6%	11.33%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Reduced	18,400	-1,485,435	$780,712	−99.1%	9.67%