New Vernon Capital Holdings II LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), New Vernon Capital Holdings II LLC reported 81 stock positions worth $217.3 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 11.5% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 11.0%) and Vanguard Ftse Emerging Marke (VWO, 7.1%). Compared with Q2 2025, it opened 18 new positions, sold out of 5, added to 9 and reduced 7. The biggest buy was Wisdomtree Japan Hedged Eq (DXJ, shares +111%) and the biggest sale Infosys Ltd.-SP ADR (INFY, shares −50%).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0001512538
Portfolio Value
$217.3M (Q3 2025)
SEC Filing
0001512538-25-000014 ↗ filed Nov 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $193.3M Q1 2024 Q2 2024: $185.4M Q2 2024 Q3 2024: $185.9M Q3 2024 Q4 2024: $145.4M Q4 2024 Q1 2025: $186.7M Q1 2025 Q2 2025: $208.4M Q2 2025 Q3 2025: $217.3M $217.3M Q3 2025 Q4 2025: $211.0M Q4 2025 Q1 2026: $135.6M Q1 2026 Q2 2026: $181.4M Q2 2026

Holdings 81 stocks · $217.3M
IBN Icici Bank Ltd.-Spon ADR 11.47% 824,343 $24.9M No change
HDB HDFC Bank Ltd.-ADR 10.97% 698,118 $23.8M No change
VWO Vanguard Ftse Emerging Marke 7.09% 284,473 $15.4M No change
TSM Taiwan Semiconductor-SP ADR 6.58% 51,186 $14.3M No change
EWY iShares MSCI South Korea ETF 6.19% 167,809 $13.4M Add +6.8%
EPI Wisdomtree India Earnings 6.16% 302,875 $13.4M No change
EWS iShares MSCI Singapore ETF 5.46% 418,734 $11.9M Add +1.7%
INDA iShares MSCI India ETF 4.71% 196,459 $10.2M Reduce -18.6%
EWT iShares MSCI Taiwan ETF 4.33% 147,778 $9.4M Add +8.0%
FXI iShares China Large-Cap ETF 4.10% 216,499 $8.9M Add +30.7%
BBJP JPMorgan Betabuilders Japan 3.75% 122,763 $8.1M Add +10.7%
DXJ Wisdomtree Japan Hedged Eq 2.74% 46,560 $6.0M Add +111.5%
EWC iShares MSCI Canada ETF 2.58% 110,826 $5.6M No change
INFY Infosys Ltd.-SP ADR 2.52% 336,718 $5.5M Reduce -50.2%
EWZ iShares MSCI Brazil ETF 2.24% 157,309 $4.9M No change
EWU iShares MSCI United Kingdom 2.24% 115,898 $4.9M No change
EWI iShares MSCI Italy ETF 1.53% 63,914 $3.3M New
EWG iShares MSCI Germany ETF 1.44% 75,183 $3.1M No change
EWD iShares MSCI Sweden ETF 1.30% 59,982 $2.8M No change
SE Sea Ltd.-ADR 1.29% 15,698 $2.8M No change
MMYT Makemytrip Ltd. 1.18% 27,295 $2.6M No change
MELI MercadoLibre Inc. 1.10% 1,020 $2.4M No change
NVS Novartis AG-Sponsored ADR 1.00% 16,911 $2.2M No change
EWP iShares MSCI Spain ETF 0.94% 41,113 $2.0M New
SUB iShares Short-Term National 0.77% 15,674 $1.7M No change
UBS UBS Group AG-Reg 0.35% 18,627 $764K New
EPOL iShares MSCI Poland ETF 0.35% 23,600 $760K New
VNM Vaneck Vietnam ETF 0.34% 41,852 $747K No change
IBIT iShares Bitcoin Trust ETF 0.34% 11,411 $742K No change
EME Emcor Group Inc. 0.25% 836 $543K No change
PTGX Protagonist Therapeutics Inc. 0.22% 7,198 $478K No change
NXT Nextpower Inc. filed as NEXTRACKER INC 0.20% 5,908 $437K No change
BLBD Blue Bird Corp. 0.19% 7,152 $412K No change
TGNA Tegna Inc. 0.17% 18,162 $369K No change
POWL Powell Industries Inc. 0.17% 1,191 $363K No change
TPR Tapestry Inc. 0.16% 3,022 $342K Reduce -21.6%
PRDO Perdoceo Education Corp. 0.16% 9,056 $341K No change
JBI Janus International Group Inc. 0.15% 32,545 $321K No change
GTX Garrett Motion Inc. 0.15% 23,178 $316K No change
LDOS Leidos Holdings Inc. 0.14% 1,641 $310K No change
FOXA Fox Corp. Class A 0.14% 4,842 $305K No change
HPQ HP Inc. 0.14% 10,832 $295K Reduce -51.5%
CRCT Cricut Inc. Class A 0.14% 46,869 $295K No change
HLIT Harmonic Inc. 0.12% 26,405 $269K No change
CPRX Catalyst Pharmaceuticals Inc. 0.12% 13,520 $266K No change
LAUR Laureate Education Inc. 0.12% 8,428 $266K Reduce -52.8%
KFY Korn Ferry 0.12% 3,761 $263K No change
EXEL Exelixis Inc. 0.12% 6,095 $252K No change
ALC Alcon Inc. filed as ALCON AG 0.11% 3,326 $248K New
INVA Innoviva Inc. 0.11% 13,122 $239K No change
OMC Omnicom Group 0.11% 2,832 $231K Add +22.3%
CI The Cigna Group 0.11% 795 $229K New
PTCT PTC Therapeutics Inc. 0.10% 3,675 $226K New
PLTK Playtika Holding Corp. 0.10% 54,036 $210K Add +70.2%
MD Pediatrix Medical Group Inc. 0.09% 11,704 $196K New
HRB H&R Block Inc. filed as BLOCK H & R INC 0.09% 3,763 $190K New
COLL Collegium Pharmaceutical Inc. 0.09% 5,343 $187K New
VVX V2X Inc. 0.08% 3,099 $180K New
YELP Yelp Inc. 0.08% 5,582 $174K New
DECK Deckers Outdoor Corp. 0.07% 1,592 $161K New
ALSN Allison Transmission Holding 0.07% 1,837 $156K New
LNTH Lantheus Holdings Inc. 0.07% 2,871 $147K New
LOGI Logitech International-Reg 0.06% 1,261 $138K New
HRMY Harmony Biosciences Holdings 0.06% 4,541 $125K Reduce -69.1%
BBWI Bath & Body Works Inc. 0.06% 4,674 $120K No change
IDCC Interdigital Inc. 0.05% 320 $110K Add +814.3%
REZI Resideo Technologies Inc. 0.05% 2,431 $105K New
IAG Iamgold Corp. 0.04% 6,813 $88K No change
TDC Teradata Corp. 0.04% 4,028 $87K New
B Barrick Mining Corp. 0.04% 2,522 $83K No change
KGC Kinross Gold Corp. 0.04% 3,275 $81K No change
SVM Silvercorp Metals Inc. 0.04% 12,087 $76K No change
BHC Bausch Health Cos Inc. 0.03% 10,951 $70K No change
OTEX Open Text Corp. 0.03% 1,791 $67K No change
FSM Fortuna Mining Corp. 0.03% 7,475 $67K No change
MGA Magna International Inc. 0.03% 1,397 $66K No change
GIL Gildan Activewear Inc. 0.03% 1,072 $62K No change
GOOS Canada Goose Holdings Inc. 0.03% 4,367 $60K No change
AAUC Allied Gold Corp. 0.03% 3,321 $58K No change
QSR Restaurant Brands Intern 0.02% 707 $45K No change
FTDR Frontdoor Inc. 0.02% 552 $37K Reduce -82.4%

Portfolio Sells Q2 2025 → Q3 2025
INFY Infosys Ltd.-SP ADR Reduce -50.2% 2.52% −3.49
INDA iShares MSCI India ETF Reduce -18.6% 4.71% −1.74
CROX Crocs Inc. Sold out 0.00% −0.33
HRMY Harmony Biosciences Holdings Reduce -69.1% 0.06% −0.17
NXST Nexstar Media Group Inc. Sold out 0.00% −0.16
HPQ HP Inc. Reduce -51.5% 0.14% −0.13
EWQ iShares MSCI France ETF Sold out 0.00% −0.09
ANF Abercrombie & Fitch Co. Class A Sold out 0.00% −0.08
LAUR Laureate Education Inc. Reduce -52.8% 0.12% −0.08
TNET Trinet Group Inc. Sold out 0.00% −0.08
FTDR Frontdoor Inc. Reduce -82.4% 0.02% −0.07
TPR Tapestry Inc. Reduce -21.6% 0.16% −0.01

Portfolio Buys Q2 2025 → Q3 2025
DXJ Wisdomtree Japan Hedged Eq Add +111.5% 2.74% +1.54
EWI iShares MSCI Italy ETF New 1.53% +1.53
FXI iShares China Large-Cap ETF Add +30.7% 4.10% +1.18
EWP iShares MSCI Spain ETF New 0.94% +0.94
EWY iShares MSCI South Korea ETF Add +6.8% 6.19% +0.78
EWT iShares MSCI Taiwan ETF Add +8.0% 4.33% +0.56
BBJP JPMorgan Betabuilders Japan Add +10.7% 3.75% +0.46
UBS UBS Group AG-Reg New 0.35% +0.35
EPOL iShares MSCI Poland ETF New 0.35% +0.35
EWS iShares MSCI Singapore ETF Add +1.7% 5.46% +0.33
ALC Alcon Inc. New 0.11% +0.11
CI The Cigna Group New 0.11% +0.11
PTCT PTC Therapeutics Inc. New 0.10% +0.10
MD Pediatrix Medical Group Inc. New 0.09% +0.09
HRB H&R Block Inc. New 0.09% +0.09
COLL Collegium Pharmaceutical Inc. New 0.09% +0.09
VVX V2X Inc. New 0.08% +0.08
YELP Yelp Inc. New 0.08% +0.08
DECK Deckers Outdoor Corp. New 0.07% +0.07
ALSN Allison Transmission Holding New 0.07% +0.07
LNTH Lantheus Holdings Inc. New 0.07% +0.07
LOGI Logitech International-Reg New 0.06% +0.06
REZI Resideo Technologies Inc. New 0.05% +0.05
IDCC Interdigital Inc. Add +814.3% 0.05% +0.05
TDC Teradata Corp. New 0.04% +0.04
OMC Omnicom Group Add +22.3% 0.11% +0.03
PLTK Playtika Holding Corp. Add +70.2% 0.10% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 73$181.4MTSM, VWO, IBN, EWS, EPI
Q1 2026 77$135.6MTSM, EWY, VWO, EWS, IBN
Q4 2025 88$211.0MHDB, IBN, EWY, TSM, VWO
Q3 2025 81$217.3MIBN, HDB, VWO, TSM, EWY
Q2 2025 68$208.4MIBN, HDB, EPI, VWO, INDA
Q1 2025 66$186.7MIBN, IVV, HDB, EPI, INFY
Q4 2024 66$145.4MIVV, IBN, DXJ, INFY, TSM
Q3 2024 63$185.9MIVV, EPI, IBN, HDB, INFY
Q2 2024 73$185.4MIVV, EPI, IBN, HDB, EWT
Q1 2024 78$193.3MIVV, EPI, IBN, HDB, INFY