North of South Capital LLP

CIK

2033334

Location

LONDON, X0

Portfolio Value

Mid $1,451,355,697

Diversification

Diversified

Filing Date

Global Rank

#2,073 / 8,828 ▲ 84 · as of Jun 2026

Top Industry

Banks - Regional 24.9%

3Y Alpha vs SPY

+5.0%

Period ended 41 days ago

Filed Nov 9, 2026 · 1d

10 quarters · since Jun 2024

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 90.5% of the book (60%+)

Turnover

Medium turnover

60.1% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 7.3 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 98.5%; sector active share 38.2% against the combined 13F book's sector weights.

Over time 9 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

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

Top Position

16.7%

−1.9 pts

Top 5

64.1%

+0.2 pts

Top 10

89.9%

−0.6 pts

HHI

1,024

Diversified−24

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	26.1%	$379,037,625	5
Financial Services	24.7%	$359,163,260	4
Consumer Cyclical	21.7%	$315,154,460	4
Energy	14.3%	$206,921,744	3
Communication Services	5.7%	$82,287,094	5
Basic Materials	3.7%	$54,252,920	3
Consumer Defensive	3.1%	$44,296,318	1
Unclassified	0.5%	$7,032,388	1
Industrials	0.2%	$3,209,888	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
YMM	Full Truck Alliance Co. Ltd.	+2,199,527	15,135,573	$125,171,188
JD	JD.com, Inc.	+1,933,114	8,594,959	$228,625,909
PAAS	Pan American Silver Corp	+499,421	1,098,134	$49,976,078
YUMC	Yum China Holdings, Inc.	+439,619	1,976,100	$81,217,710
PBR	Petrobras - Petroleo Brasileiro SA	+227,124	358,839	$7,488,969
BAP	Credicorp Ltd	+205,299	209,752	$79,678,492
IBN	Icici Bank Ltd	+103,493	8,793,941	$242,273,074
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk	+73,958	144,217	$1,838,766
HDB	Hdfc Bank Ltd	+55,175	1,648,442	$36,826,194
HMY	Harmony Gold Mining Co Ltd	+50,044	190,990	$3,384,342
JOYY	JOYY Inc.	+41,777	81,458	$6,537,004
UMC	United Microelectronics Corp	+16,431	67,131	$1,644,038
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+12,771	343,728	$156,805,276
KSPI	Joint Stock Co Kaspi.kz	+11,984	999,374	$94,001,118
KT	Kt Corp	+9,000	241,718	$4,580,556
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
YPF	Ypf Sociedad Anonima	−484,506	3,539,056	$177,412,877
ATHM	Autohome Inc.	−176,293	3,251,895	$69,102,768
INDA	iShares MSCI India ETF	−70,336	150,651	$7,032,388
BABA	Alibaba Group Holding Ltd	−17,910	6,906	$742,671
TGS	Gas Transporter Of The South Inc	−14,493	848,551	$22,019,898
LAUR	Laureate Education, Inc.	−10,903	1,160,805	$44,296,318
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
TCOM	Trip.com Group Ltd	116,833	$4,568,170
CPA	Copa Holdings, S.A.	24,345	$3,209,888
INFY	Infosys Ltd	131,599	$1,416,005
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
BIDU	Baidu, Inc.	918,941	$105,025,766
VIST	Vista Energy, S.A.B. de C.V.	41,443	$2,644,063
AXIAY	AXIA Energia S.A.	177,337	$1,872,679
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	108,237	$1,239,313
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 tracked positions · $1,451,355,697 total · filing declares 27 positions · $1,451,355,708 · as of Sep 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IBN	Icici Bank Ltd Financial Services	Added	8,793,941	+103,493	$242,273,074	−4.0%	16.69%
JD	JD.com, Inc. Consumer Cyclical	Added	8,594,959	+1,933,114	$228,625,909	+34.7%	15.75%
YPF	Ypf Sociedad Anonima Energy	Reduced	3,539,056	-484,506	$177,412,877	−3.0%	12.22%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	343,728	+12,771	$156,805,276	−0.8%	10.80%
YMM	Full Truck Alliance Co. Ltd. Technology	Added	15,135,573	+2,199,527	$125,171,188	+19.2%	8.62%
KSPI	Joint Stock Co Kaspi.kz Technology	Added	999,374	+11,984	$94,001,118	+9.9%	6.48%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Added	1,976,100	+439,619	$81,217,710	+29.3%	5.60%
BAP	Credicorp Ltd Financial Services	Added	209,752	+205,299	$79,678,492	+4493.0%	5.49%
ATHM	Autohome Inc. Communication Services	Reduced	3,251,895	-176,293	$69,102,768	+5.9%	4.76%
PAAS	Pan American Silver Corp Basic Materials	Added	1,098,134	+499,421	$49,976,078	+86.4%	3.44%
LAUR	Laureate Education, Inc. Consumer Defensive	Reduced	1,160,805	-10,903	$44,296,318	+4.1%	3.05%
HDB	Hdfc Bank Ltd Financial Services	Added	1,648,442	+55,175	$36,826,194	−10.5%	2.54%
TGS	Gas Transporter Of The South Inc Energy	Reduced	848,551	-14,493	$22,019,898	−14.2%	1.52%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	358,839	+227,124	$7,488,969	+251.8%	0.52%
INDA	iShares MSCI India ETF	Reduced	150,651	-70,336	$7,032,388	−35.6%	0.48%
JOYY	JOYY Inc. Communication Services	Added	81,458	+41,777	$6,537,004	+149.6%	0.45%
KT	Kt Corp Communication Services	Added	241,718	+9,000	$4,580,556	+13.9%	0.32%
TCOM	Trip.com Group Ltd Consumer Cyclical	NEW	116,833	NEW	$4,568,170	NEW	0.31%
HMY	Harmony Gold Mining Co Ltd Basic Materials	Added	190,990	+50,044	$3,384,342	+57.9%	0.23%
CPA	Copa Holdings, S.A. Industrials	NEW	24,345	NEW	$3,209,888	NEW	0.22%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Added	144,217	+73,958	$1,838,766	+94.9%	0.13%
UMC	United Microelectronics Corp Technology	Added	67,131	+16,431	$1,644,038	+19.2%	0.11%
INFY	Infosys Ltd Technology	NEW	131,599	NEW	$1,416,005	NEW	0.10%
MUX	McEwen Inc. Basic Materials	Held	50,000	0	$892,500	−1.5%	0.06%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	6,906	-17,910	$742,671	−68.8%	0.05%
BBAR	Banco BBVA Argentina S.A. Financial Services	Held	30,000	0	$385,500	−34.5%	0.03%
TV	Grupo Televisa, S.A.B. Communication Services	Held	100,000	0	$228,000	−15.9%	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.