New Vernon Capital Holdings II LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), New Vernon Capital Holdings II LLC reported 68 stock positions worth $208.4 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 13.3% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 12.8%) and Wisdomtree India Earnings (EPI, 6.9%). Compared with Q1 2025, it opened 21 new positions, sold out of 19, added to 11 and reduced 14. The biggest buy was a new position in iShares MSCI India ETF (INDA) and the biggest sale an exit from iShares Core S&P 500 ETF (IVV).
- Most Recent 13F
- Q2 2026
- Location
- Morristown, NJ
- CIK
- 0001512538
- Portfolio Value
- $208.4M (Q2 2025)
- SEC Filing
- 0001512538-25-000009 ↗ filed Aug 14, 2025
Holdings Value
Holdings 68 stocks · $208.4M
| IBN Icici Bank Ltd.-Spon ADR | 13.31% | 824,343 | $27.7M | Reduce -0.7% |
| HDB HDFC Bank Ltd.-ADR | 12.84% | 349,059 | $26.8M | Reduce -0.4% |
| EPI Wisdomtree India Earnings | 6.90% | 302,875 | $14.4M | Reduce -40.5% |
| VWO Vanguard Ftse Emerging Marke | 6.75% | 284,473 | $14.1M | Add +45.2% |
| INDA iShares MSCI India ETF | 6.45% | 241,387 | $13.4M | New |
| INFY Infosys Ltd.-SP ADR | 6.01% | 675,880 | $12.5M | Reduce -2.2% |
| TSM Taiwan Semiconductor-SP ADR | 5.56% | 51,186 | $11.6M | Add +26.7% |
| EWY iShares MSCI South Korea ETF | 5.41% | 157,066 | $11.3M | Add +497.4% |
| EWS iShares MSCI Singapore ETF | 5.13% | 411,817 | $10.7M | Add +27.2% |
| EWT iShares MSCI Taiwan ETF | 3.77% | 136,776 | $7.9M | Add +24.5% |
| BBJP JPMorgan Betabuilders Japan | 3.29% | 110,864 | $6.8M | Add +9.7% |
| FXI iShares China Large-Cap ETF | 2.92% | 165,634 | $6.1M | Reduce -25.3% |
| EWC iShares MSCI Canada ETF | 2.46% | 110,826 | $5.1M | Add +9.6% |
| EWU iShares MSCI United Kingdom | 2.21% | 115,898 | $4.6M | Add +152.0% |
| EWZ iShares MSCI Brazil ETF | 2.18% | 157,309 | $4.5M | Reduce -32.9% |
| EWG iShares MSCI Germany ETF | 1.53% | 75,183 | $3.2M | Add +80.3% |
| EWD iShares MSCI Sweden ETF | 1.32% | 59,982 | $2.7M | New |
| MMYT Makemytrip Ltd. | 1.28% | 27,295 | $2.7M | Reduce -48.0% |
| MELI MercadoLibre Inc. | 1.28% | 1,020 | $2.7M | New |
| DXJ Wisdomtree Japan Hedged Eq | 1.21% | 22,015 | $2.5M | New |
| SE Sea Ltd.-ADR | 1.20% | 15,698 | $2.5M | New |
| NVS Novartis AG-Sponsored ADR | 0.98% | 16,911 | $2.0M | Add +36.3% |
| SUB iShares Short-Term National | 0.80% | 15,674 | $1.7M | New |
| IBIT iShares Bitcoin Trust ETF | 0.34% | 11,411 | $698K | No change |
| CROX Crocs Inc. | 0.33% | 6,773 | $686K | No change |
| VNM Vaneck Vietnam ETF | 0.28% | 41,852 | $575K | Add +21.0% |
| HPQ HP Inc. | 0.26% | 22,322 | $546K | No change |
| HRMY Harmony Biosciences Holdings | 0.22% | 14,716 | $465K | No change |
| EME Emcor Group Inc. | 0.21% | 836 | $447K | No change |
| LAUR Laureate Education Inc. | 0.20% | 17,842 | $417K | No change |
| PTGX Protagonist Therapeutics Inc. | 0.19% | 7,198 | $398K | No change |
| TPR Tapestry Inc. | 0.16% | 3,856 | $339K | Reduce -33.4% |
| NXST Nexstar Media Group Inc. | 0.16% | 1,870 | $323K | No change |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.15% | 5,908 | $321K | No change |
| CRCT Cricut Inc. Class A | 0.15% | 46,869 | $317K | New |
| BLBD Blue Bird Corp. | 0.15% | 7,152 | $309K | No change |
| TGNA Tegna Inc. | 0.15% | 18,162 | $304K | No change |
| PRDO Perdoceo Education Corp. | 0.14% | 9,056 | $296K | No change |
| CPRX Catalyst Pharmaceuticals Inc. | 0.14% | 13,520 | $293K | No change |
| KFY Korn Ferry | 0.13% | 3,761 | $276K | No change |
| FOXA Fox Corp. Class A | 0.13% | 4,842 | $271K | Reduce -44.8% |
| EXEL Exelixis Inc. | 0.13% | 6,095 | $269K | No change |
| JBI Janus International Group Inc. | 0.13% | 32,545 | $265K | Reduce -7.0% |
| INVA Innoviva Inc. | 0.13% | 13,122 | $264K | No change |
| LDOS Leidos Holdings Inc. | 0.12% | 1,641 | $259K | No change |
| POWL Powell Industries Inc. | 0.12% | 1,191 | $251K | No change |
| HLIT Harmonic Inc. | 0.12% | 26,405 | $250K | New |
| GTX Garrett Motion Inc. | 0.12% | 23,178 | $244K | No change |
| FTDR Frontdoor Inc. | 0.09% | 3,134 | $185K | Reduce -50.9% |
| EWQ iShares MSCI France ETF | 0.09% | 4,154 | $178K | New |
| OMC Omnicom Group | 0.08% | 2,315 | $167K | No change |
| ANF Abercrombie & Fitch Co. Class A | 0.08% | 1,976 | $164K | No change |
| TNET Trinet Group Inc. | 0.08% | 2,213 | $162K | Reduce -19.3% |
| PLTK Playtika Holding Corp. | 0.07% | 31,757 | $150K | No change |
| BBWI Bath & Body Works Inc. | 0.07% | 4,674 | $140K | Reduce -50.0% |
| BHC Bausch Health Cos Inc. | 0.04% | 10,951 | $73K | New |
| MGA Magna International Inc. | 0.03% | 1,397 | $54K | New |
| GIL Gildan Activewear Inc. | 0.03% | 1,072 | $53K | New |
| B Barrick Mining Corp. | 0.03% | 2,522 | $53K | New |
| OTEX Open Text Corp. | 0.03% | 1,791 | $52K | New |
| SVM Silvercorp Metals Inc. | 0.02% | 12,087 | $51K | New |
| KGC Kinross Gold Corp. | 0.02% | 3,275 | $51K | New |
| IAG Iamgold Corp. | 0.02% | 6,813 | $50K | New |
| FSM Fortuna Mining Corp. | 0.02% | 7,475 | $49K | New |
| GOOS Canada Goose Holdings Inc. | 0.02% | 4,367 | $49K | New |
| QSR Restaurant Brands Intern | 0.02% | 707 | $47K | New |
| AAUC Allied Gold Corp. | 0.02% | 3,321 | $45K | New |
| IDCC Interdigital Inc. | 0.00% | 35 | $8K | Reduce -96.5% |
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −13.27 |
| EPI Wisdomtree India Earnings | Reduce -40.5% | 6.90% | −5.03 |
| MMYT Makemytrip Ltd. | Reduce -48.0% | 1.28% | −1.47 |
| FXI iShares China Large-Cap ETF | Reduce -25.3% | 2.92% | −1.34 |
| EWZ iShares MSCI Brazil ETF | Reduce -32.9% | 2.18% | −1.07 |
| INFY Infosys Ltd.-SP ADR | Reduce -2.2% | 6.01% | −0.75 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -0.7% | 13.31% | −0.71 |
| BKE The Buckle Inc. | Sold out | 0.00% | −0.36 |
| HRB H&R Block Inc. | Sold out | 0.00% | −0.33 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.17 |
| GEN Gen Digital Inc. | Sold out | 0.00% | −0.15 |
| FOXA Fox Corp. Class A | Reduce -44.8% | 0.13% | −0.14 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.13 |
| DBD Diebold Nixdorf Inc. | Sold out | 0.00% | −0.13 |
| OGN Organon & Co. | Sold out | 0.00% | −0.13 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.12 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.12 |
| VC Visteon Corp. | Sold out | 0.00% | −0.12 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.12 |
| TDC Teradata Corp. | Sold out | 0.00% | −0.11 |
| IDCC Interdigital Inc. | Reduce -96.5% | 0.00% | −0.11 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.11 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.10 |
| DDS Dillards Inc. Class A | Sold out | 0.00% | −0.10 |
| BBWI Bath & Body Works Inc. | Reduce -50.0% | 0.07% | −0.08 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −0.06 |
| TPR Tapestry Inc. | Reduce -33.4% | 0.16% | −0.06 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.04 |
| FTDR Frontdoor Inc. | Reduce -50.9% | 0.09% | −0.04 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.04 |
| TNET Trinet Group Inc. | Reduce -19.3% | 0.08% | −0.04 |
| JBI Janus International Group Inc. | Reduce -7.0% | 0.13% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Reduce -0.4% | 12.84% | +0.37 |
Portfolio Buys Q1 2025 → Q2 2025
| INDA iShares MSCI India ETF | New | 6.45% | +6.45 |
| EWY iShares MSCI South Korea ETF | Add +497.4% | 5.41% | +4.65 |
| VWO Vanguard Ftse Emerging Marke | Add +45.2% | 6.75% | +2.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +26.7% | 5.56% | +1.97 |
| EWD iShares MSCI Sweden ETF | New | 1.32% | +1.32 |
| EWU iShares MSCI United Kingdom | Add +152.0% | 2.21% | +1.29 |
| MELI MercadoLibre Inc. | New | 1.28% | +1.28 |
| DXJ Wisdomtree Japan Hedged Eq | New | 1.21% | +1.21 |
| SE Sea Ltd.-ADR | New | 1.20% | +1.20 |
| EWS iShares MSCI Singapore ETF | Add +27.2% | 5.13% | +1.01 |
| EWT iShares MSCI Taiwan ETF | Add +24.5% | 3.77% | +0.97 |
| SUB iShares Short-Term National | New | 0.80% | +0.80 |
| EWG iShares MSCI Germany ETF | Add +80.3% | 1.53% | +0.70 |
| EWC iShares MSCI Canada ETF | Add +9.6% | 2.46% | +0.25 |
| BBJP JPMorgan Betabuilders Japan | Add +9.7% | 3.29% | +0.25 |
| NVS Novartis AG-Sponsored ADR | Add +36.3% | 0.98% | +0.24 |
| CRCT Cricut Inc. Class A | New | 0.15% | +0.15 |
| HLIT Harmonic Inc. | New | 0.12% | +0.12 |
| EWQ iShares MSCI France ETF | New | 0.09% | +0.09 |
| VNM Vaneck Vietnam ETF | Add +21.0% | 0.28% | +0.04 |
| BHC Bausch Health Cos Inc. | New | 0.04% | +0.04 |
| MGA Magna International Inc. | New | 0.03% | +0.03 |
| GIL Gildan Activewear Inc. | New | 0.03% | +0.03 |
| B Barrick Mining Corp. | New | 0.03% | +0.03 |
| OTEX Open Text Corp. | New | 0.03% | +0.03 |
| KGC Kinross Gold Corp. | New | 0.02% | +0.02 |
| SVM Silvercorp Metals Inc. | New | 0.02% | +0.02 |
| IAG Iamgold Corp. | New | 0.02% | +0.02 |
| GOOS Canada Goose Holdings Inc. | New | 0.02% | +0.02 |
| FSM Fortuna Mining Corp. | New | 0.02% | +0.02 |
| QSR Restaurant Brands Intern | New | 0.02% | +0.02 |
| AAUC Allied Gold Corp. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 73 | $181.4M | TSM, VWO, IBN, EWS, EPI |
| Q1 2026 | 77 | $135.6M | TSM, EWY, VWO, EWS, IBN |
| Q4 2025 | 88 | $211.0M | HDB, IBN, EWY, TSM, VWO |
| Q3 2025 | 81 | $217.3M | IBN, HDB, VWO, TSM, EWY |
| Q2 2025 | 68 | $208.4M | IBN, HDB, EPI, VWO, INDA |
| Q1 2025 | 66 | $186.7M | IBN, IVV, HDB, EPI, INFY |
| Q4 2024 | 66 | $145.4M | IVV, IBN, DXJ, INFY, TSM |
| Q3 2024 | 63 | $185.9M | IVV, EPI, IBN, HDB, INFY |
| Q2 2024 | 73 | $185.4M | IVV, EPI, IBN, HDB, EWT |
| Q1 2024 | 78 | $193.3M | IVV, EPI, IBN, HDB, INFY |