North of South Capital LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), North of South Capital LLP reported 17 stock positions worth $659.4 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 27.0% of the portfolio, followed by Jd.com Inc.-ADR (JD, 11.9%) and Taiwan Semiconductor-SP ADR (TSM, 11.7%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 10 and reduced 2. The biggest buy was a new position in Embraer SA-Spon ADR (EMBJ) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002033334
- Portfolio Value
- $659.4M (Q3 2024)
- SEC Filing
- 0002033334-24-000005 ↗ filed Nov 12, 2024
Holdings Value
Holdings 17 stocks · $659.4M
| BABA Alibaba Group Holding-SP ADR | 26.96% | 1,675,328 | $177.8M | Add +33.3% |
| JD Jd.com Inc.-ADR | 11.87% | 1,957,179 | $78.3M | Add +81.6% |
| TSM Taiwan Semiconductor-SP ADR | 11.75% | 446,042 | $77.5M | Reduce -16.5% |
| VIPS Vipshop Holdings Ltd. - ADR | 9.57% | 4,011,899 | $63.1M | Add +83.8% |
| ATHM Autohome Inc.-ADR | 8.36% | 1,690,376 | $55.1M | Add +178.2% |
| BIDU Baidu Inc. - Spon ADR | 8.26% | 517,298 | $54.5M | Add +38.6% |
| EMBJ Embraer SA-Spon ADR | 5.22% | 974,030 | $34.5M | New |
| VLRS Controladora Vuela Cia-ADR | 5.16% | 5,372,644 | $34.0M | Add +29.1% |
| YMM Full Truck Alliance -SPN ADR | 4.45% | 3,256,359 | $29.3M | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 3.36% | 1,045,498 | $22.2M | Add +32.4% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 3.17% | 501,493 | $20.9M | Add +65.7% |
| IBN Icici Bank Ltd.-Spon ADR | 0.91% | 200,596 | $6.0M | New |
| KT KT Corp.-SP ADR | 0.39% | 168,214 | $2.6M | Add +15.6% |
| PBR Petroleo Brasileiro-Spon ADR | 0.27% | 121,421 | $1.7M | Reduce -30.9% |
| UMC United Microelectron-SP ADR | 0.20% | 160,509 | $1.4M | Add +9.1% |
| SAND Sandstorm Gold Ltd. | 0.05% | 50,000 | $300K | No change |
| TV Grupo Televisa SA-Spon ADR | 0.04% | 100,000 | $256K | No change |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| EMBJ Embraer SA-Spon ADR | New | 5.22% | +5.22 |
| JD Jd.com Inc.-ADR | Add +81.6% | 11.87% | +4.66 |
| YMM Full Truck Alliance -SPN ADR | New | 4.45% | +4.45 |
| ATHM Autohome Inc.-ADR | Add +178.2% | 8.36% | +4.04 |
| BABA Alibaba Group Holding-SP ADR | Add +33.3% | 26.96% | +3.53 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +83.8% | 9.57% | +2.21 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.91% | +0.91 |
| SQM Quimica Y Minera Chil-SP ADR | Add +65.7% | 3.17% | −0.02 |
| BIDU Baidu Inc. - Spon ADR | Add +38.6% | 8.26% | −0.10 |
| KT KT Corp.-SP ADR | Add +15.6% | 0.39% | −0.12 |
| UMC United Microelectron-SP ADR | Add +9.1% | 0.20% | −0.13 |
| YPF YPF S.A.-Sponsored ADR | Add +32.4% | 3.36% | −0.75 |
| VLRS Controladora Vuela Cia-ADR | Add +29.1% | 5.16% | −1.69 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $1.4B | IBN, YPF, JD, TSM, YMM |
| Q1 2026 | 29 | $1.1B | IBN, YPF, TSM, JD, YMM |
| Q4 2025 | 27 | $1.1B | IBN, TSM, JD, YMM, PAAS |
| Q3 2025 | 23 | $1.0B | JD, YMM, TSM, PAAS, IBN |
| Q2 2025 | 21 | $951.1M | BABA, JD, TSM, YMM, KT |
| Q1 2025 | 20 | $895.2M | BABA, JD, YMM, TSM, KT |
| Q4 2024 | 18 | $823.4M | BABA, TSM, JD, KT, YMM |
| Q3 2024 | 17 | $659.4M | BABA, JD, TSM, VIPS, ATHM |
| Q2 2024 | 17 | $386.2M | TSM, BABA, BIDU, VIPS, JD |