North of South Capital LLP

CIK

2033334

Location

LONDON, X0

Portfolio Value

Mid $1,347,741,344

Diversification

Diversified

Filing Date

Global Rank

#1,661 / 8,700 ▲ 465

Top Industry

Banks - Regional 21.9%

3Y Alpha vs SPY

+9.3%

Period ended 2 months ago

Filed Jul 30, 2026 · 45d

9 quarters · since Jun 2024

Clone Performance

Aug 2024–Sep 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+62.6%

SPY

+40.6%

Annualised alpha

+8.6%

Max drawdown

−24.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Returns are unavailable when a held security or benchmark crosses a captured split without a certified price basis; the requested window is not shortened to hide it. It tracks 100% of reported value on average across 9 quarters. Past performance does not predict future results.

Portfolio Concentration

27 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.7%

−0.9 pts

Top 5

64.4%

−2.3 pts

Top 10

91.2%

−3.0 pts

HHI

1,065

Diversified−60

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	26.0%	$350,022,843	4
Financial Services	21.9%	$295,760,890	4
Consumer Cyclical	17.4%	$234,921,627	3
Energy	15.8%	$213,382,239	4
Communication Services	13.2%	$178,118,677	6
Consumer Defensive	3.2%	$42,556,434	1
Basic Materials	2.3%	$31,105,956	4
Utilities	0.1%	$1,872,678	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
JD	JD.com, Inc.	+2,250,164	6,661,845	$169,743,810
YMM	Full Truck Alliance Co. Ltd.	+1,817,923	12,936,046	$105,040,693
YPF	Ypf Sociedad Anonima	+499,310	4,023,562	$182,951,364
KSPI	Joint Stock Co Kaspi.kz	+417,709	987,390	$85,547,469
IBN	Icici Bank Ltd	+250,476	8,690,448	$252,283,705
TGS	Gas Transporter Of The South Inc	+222,045	863,044	$25,658,298
BIDU	Baidu, Inc.	+179,642	918,941	$105,025,766
KT	Kt Corp	+137,516	232,718	$4,021,367
AXIAY	AXIA Energia S.A.	+26,926	177,337	$1,872,678
HMY	Harmony Gold Mining Co Ltd	+6,456	140,946	$2,143,788
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk	+1,414	70,259	$943,578
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
PAAS	Pan American Silver Corp	−552,397	598,713	$26,816,355
LAUR	Laureate Education, Inc.	−355,184	1,171,708	$42,556,434
UMC	United Microelectronics Corp	−354,375	50,700	$1,379,547
ATHM	Autohome Inc.	−272,443	3,428,188	$65,238,417
PBR	Petrobras - Petroleo Brasileiro SA	−95,968	131,715	$2,128,514
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−76,420	330,957	$158,055,134
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	−55,329	108,237	$1,239,313
BABA	Alibaba Group Holding Ltd	−11,238	24,816	$2,381,839
BAP	Credicorp Ltd	−2,561	4,453	$1,734,799
VIST	Vista Energy, S.A.B. de C.V.	−76	41,443	$2,644,063
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
YUMC	Yum China Holdings, Inc.	1,536,481	$62,795,978
HDB	Hdfc Bank Ltd	1,593,267	$41,154,086
JOYY	JOYY Inc.	39,681	$2,618,549
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	220,987	$10,351,031
LTM	Latam Airlines Group S.A.	39,455	$1,950,655
AMX	America Movil Sab De Cv/	41,563	$1,059,025
TS	Tenaris SA	18,087	$1,052,301
AUGO	Aura Minerals Inc.	7,304	$596,006
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 tracked positions · $1,347,741,344 total · filing declares 28 positions · $1,358,655,904 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IBN	Icici Bank Ltd Financial Services	Added	8,690,448	+250,476	$252,283,705	+15.4%	18.72%
YPF	Ypf Sociedad Anonima Energy	Added	4,023,562	+499,310	$182,951,364	+12.3%	13.57%
JD	JD.com, Inc. Consumer Cyclical	Added	6,661,845	+2,250,164	$169,743,810	+30.1%	12.59%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	330,957	-76,420	$158,055,134	+14.8%	11.73%
YMM	Full Truck Alliance Co. Ltd. Technology	Added	12,936,046	+1,817,923	$105,040,693	+13.8%	7.79%
BIDU	Baidu, Inc. Communication Services	Added	918,941	+179,642	$105,025,766	+27.5%	7.79%
KSPI	Joint Stock Co Kaspi.kz Technology	Added	987,390	+417,709	$85,547,469	+102.7%	6.35%
ATHM	Autohome Inc. Communication Services	Reduced	3,428,188	-272,443	$65,238,417	+1.5%	4.84%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	NEW	1,536,481	NEW	$62,795,978	NEW	4.66%
LAUR	Laureate Education, Inc. Consumer Defensive	Reduced	1,171,708	-355,184	$42,556,434	−20.0%	3.16%
HDB	Hdfc Bank Ltd Financial Services	NEW	1,593,267	NEW	$41,154,086	NEW	3.05%
PAAS	Pan American Silver Corp Basic Materials	Reduced	598,713	-552,397	$26,816,355	−57.4%	1.99%
TGS	Gas Transporter Of The South Inc Energy	Added	863,044	+222,045	$25,658,298	+15.7%	1.90%
KT	Kt Corp Communication Services	Added	232,718	+137,516	$4,021,367	+96.9%	0.30%
VIST	Vista Energy, S.A.B. de C.V. Energy	Reduced	41,443	-76	$2,644,063	−15.6%	0.20%
JOYY	JOYY Inc. Communication Services	NEW	39,681	NEW	$2,618,549	NEW	0.19%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	24,816	-11,238	$2,381,839	−47.3%	0.18%
HMY	Harmony Gold Mining Co Ltd Basic Materials	Added	140,946	+6,456	$2,143,788	+3.7%	0.16%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Reduced	131,715	-95,968	$2,128,514	−54.9%	0.16%
AXIAY	AXIA Energia S.A. Utilities	Added	177,337	+26,926	$1,872,678	—	0.14%
BAP	Credicorp Ltd Financial Services	Reduced	4,453	-2,561	$1,734,799	−27.1%	0.13%
UMC	United Microelectronics Corp Technology	Reduced	50,700	-354,375	$1,379,547	−62.1%	0.10%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Reduced	108,237	-55,329	$1,239,313	−31.7%	0.09%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Added	70,259	+1,414	$943,578	−26.6%	0.07%
MUX	McEwen Inc. Basic Materials	Held	50,000	0	$906,500	−11.2%	0.07%
BBAR	Banco BBVA Argentina S.A. Financial Services	Held	30,000	0	$588,300	+22.1%	0.04%
TV	Grupo Televisa, S.A.B. Communication Services	Held	100,000	0	$271,000	−6.9%	0.02%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.