TT International Asset Management LTD
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), TT International Asset Management LTD reported 44 stock positions worth $1.1 billion. Its top holding was MercadoLibre (MELI) at 16.6% of the portfolio, followed by YPF S.A.-Sponsored ADR (YPF, 12.7%) and Vista Energy Sab DE CV (VIST, 6.5%). Compared with Q4 2023, it opened 23 new positions, sold out of 22, added to 8 and reduced 12. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale Anglogold Ashanti (AU, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001809187
- Portfolio Value
- $1.1B (Q1 2024)
- SEC Filing
- 0001809187-24-000004 ↗ filed May 14, 2024
Holdings Value
Holdings 44 stocks · $1.1B
| MELI MercadoLibre Inc. | 16.58% | 118,330 | $178.9M | Add +71.6% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 12.69% | 6,915,467 | $136.9M | Add +63.2% |
| VIST Vista Energy Sab DE CV | 6.52% | 1,701,032 | $70.4M | Reduce -26.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 6.36% | 5,752,402 | $68.6M | New |
| TBBB BBB Foods Inc. Class A | 6.18% | 2,806,149 | $66.7M | New |
| MRVL Marvell Technology Inc. | 4.71% | 717,635 | $50.9M | New |
| NTES Netease Inc.-ADR | 4.69% | 488,834 | $50.6M | New |
| AMAT Applied Materials Inc. | 4.18% | 218,874 | $45.1M | New |
| ASML ASML Holding NV-NY Reg SHS | 3.87% | 43,076 | $41.8M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 3.77% | 2,210,097 | $40.7M | Reduce -42.9% |
| TSM Taiwan Semiconductor-SP ADR | 3.71% | 294,108 | $40.0M | Reduce -54.1% |
| HDB HDFC Bank Ltd.-ADR | 3.34% | 643,276 | $36.0M | New |
| MU Micron Technology Inc. | 3.11% | 284,836 | $33.6M | New |
| TS Tenaris SA-ADR | 2.52% | 692,603 | $27.2M | Add +25.7% |
| TME Tencent Music Entertainm-ADR | 2.07% | 572,831 | $22.4M | New |
| AMKR Amkor Technology Inc. | 1.70% | 567,967 | $18.3M | Reduce -37.6% |
| TGS Transportador Gas-ADR SP B | 1.52% | 1,087,539 | $16.4M | Reduce -1.7% |
| AU Anglogold Ashanti PLC | 1.26% | 614,216 | $13.6M | Reduce -82.8% |
| CAMT Camtek Ltd. | 1.17% | 150,840 | $12.6M | Reduce -20.1% |
| BABA Alibaba Group Holding-SP ADR | 1.06% | 157,760 | $11.4M | Reduce -16.8% |
| PAM Pampa Energia SA-Spon ADR | 0.96% | 239,943 | $10.4M | Add +54.8% |
| ALTM Arcadium Lithium PLC | 0.92% | 2,293,873 | $9.9M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.81% | 329,292 | $8.7M | Reduce -47.6% |
| LI Li Auto Inc. - ADR | 0.76% | 269,340 | $8.2M | New |
| DADA Dada Nexus Ltd.-ADR | 0.75% | 3,971,072 | $8.1M | Add +17.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.73% | 53,988 | $7.9M | Reduce -13.6% |
| TX Ternium SA-Sponsored ADR | 0.56% | 145,515 | $6.1M | New |
| CORP AMERICA AIRPORTS SA filed as CORPORACION AMER ARPTS S A | 0.56% | 360,137 | $6.0M | New |
| ASX Ase Technology Holding -ADR | 0.53% | 520,010 | $5.7M | New |
| VLTO Veralto Corp. | 0.39% | 47,342 | $4.2M | New |
| SGML Sigma Lithium Corp. | 0.34% | 286,701 | $3.7M | New |
| TTEK Tetra Tech Inc. | 0.34% | 19,992 | $3.7M | New |
| CDLR Cadeler A/S-ADR | 0.26% | 152,440 | $2.8M | No change |
| NEM Newmont Corp. | 0.20% | 60,000 | $2.1M | New |
| MRNA Moderna Inc. | 0.14% | 14,500 | $1.5M | Add +3.6% |
| RNW Renew Energy Global PLC-A | 0.14% | 255,421 | $1.5M | Reduce -6.7% |
| ON On Semiconductor | 0.14% | 20,177 | $1.5M | Add +13.5% |
| XYL Xylem Inc. | 0.12% | 10,416 | $1.3M | Reduce -44.3% |
| MMYT Makemytrip Ltd. | 0.09% | 14,000 | $994K | New |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 35,000 | $805K | New |
| GLNG Golar LNG Ltd. | 0.07% | 31,150 | $768K | New |
| INST Instructure Holdings Inc. | 0.04% | 20,883 | $446K | Add +46.1% |
| COCO The Vita Coco Co. Inc. | 0.03% | 15,260 | $372K | New |
| VEON Veon Ltd. | 0.02% | 17,625 | $260K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AU Anglogold Ashanti PLC | Reduce -82.8% | 1.26% | −7.24 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −6.01 |
| KLAC KLA Corp. | Sold out | 0.00% | −5.83 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -54.1% | 3.71% | −4.81 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -42.9% | 3.77% | −4.04 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −3.82 |
| ASR Grupo Aeroportuario Sur-ADR | Sold out | 0.00% | −3.36 |
| FN Fabrinet | Sold out | 0.00% | −2.21 |
| VIST Vista Energy Sab DE CV | Reduce -26.3% | 6.52% | −2.17 |
| AMKR Amkor Technology Inc. | Reduce -37.6% | 1.70% | −2.17 |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | Sold out | 0.00% | −1.37 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -47.6% | 0.81% | −1.11 |
| BABA Alibaba Group Holding-SP ADR | Reduce -16.8% | 1.06% | −0.82 |
| TGS Transportador Gas-ADR SP B | Reduce -1.7% | 1.52% | −0.61 |
| CAMT Camtek Ltd. | Reduce -20.1% | 1.17% | −0.50 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.36 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -13.6% | 0.73% | −0.34 |
| CAAP Corp. America Airports SA | Sold out | 0.00% | −0.30 |
| OC Owens Corning | Sold out | 0.00% | −0.26 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.22 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.21 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.17 |
| XYL Xylem Inc. | Reduce -44.3% | 0.12% | −0.15 |
| RNW Renew Energy Global PLC-A | Reduce -6.7% | 0.14% | −0.13 |
| WY Weyerhaeuser Co. | Sold out | 0.00% | −0.09 |
| HRI Herc Holdings Inc. | Sold out | 0.00% | −0.08 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.06 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.06 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.05 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.05 |
| ICLR Icon PLC | Sold out | 0.00% | −0.04 |
| AMK Assetmark Financial Holdings | Sold out | 0.00% | −0.04 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.04 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| NU Nu Holdings Ltd./Cayman Isl-A | New | 6.36% | +6.36 |
| TBBB BBB Foods Inc. Class A | New | 6.18% | +6.18 |
| MRVL Marvell Technology Inc. | New | 4.71% | +4.71 |
| NTES Netease Inc.-ADR | New | 4.69% | +4.69 |
| AMAT Applied Materials Inc. | New | 4.18% | +4.18 |
| ASML ASML Holding NV-NY Reg SHS | New | 3.87% | +3.87 |
| YPF YPF S.A.-Sponsored ADR | Add +63.2% | 12.69% | +3.38 |
| HDB HDFC Bank Ltd.-ADR | New | 3.34% | +3.34 |
| MU Micron Technology Inc. | New | 3.11% | +3.11 |
| MELI MercadoLibre Inc. | Add +71.6% | 16.58% | +2.74 |
| TME Tencent Music Entertainm-ADR | New | 2.07% | +2.07 |
| ALTM Arcadium Lithium PLC | New | 0.92% | +0.92 |
| LI Li Auto Inc. - ADR | New | 0.76% | +0.76 |
| TX Ternium SA-Sponsored ADR | New | 0.56% | +0.56 |
| CORP AMERICA AIRPORTS SA | New | 0.56% | +0.56 |
| ASX Ase Technology Holding -ADR | New | 0.53% | +0.53 |
| VLTO Veralto Corp. | New | 0.39% | +0.39 |
| SGML Sigma Lithium Corp. | New | 0.34% | +0.34 |
| TTEK Tetra Tech Inc. | New | 0.34% | +0.34 |
| NEM Newmont Corp. | New | 0.20% | +0.20 |
| MMYT Makemytrip Ltd. | New | 0.09% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.07% | +0.07 |
| TS Tenaris SA-ADR | Add +25.7% | 2.52% | +0.07 |
| GLNG Golar LNG Ltd. | New | 0.07% | +0.07 |
| COCO The Vita Coco Co. Inc. | New | 0.03% | +0.03 |
| VEON Veon Ltd. | New | 0.02% | +0.02 |
| INST Instructure Holdings Inc. | Add +46.1% | 0.04% | −0.01 |
| PAM Pampa Energia SA-Spon ADR | Add +54.8% | 0.96% | −0.02 |
| MRNA Moderna Inc. | Add +3.6% | 0.14% | −0.03 |
| ON On Semiconductor | Add +13.5% | 0.14% | −0.05 |
| DADA Dada Nexus Ltd.-ADR | Add +17.9% | 0.75% | −0.67 |
Notes & Other Activity Q4 2023 → Q1 2024
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | Sold out | 31,938 | $34Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $783.3M | BAP, TSM, ONTO, EGO, IBN |
| Q1 2026 | 48 | $916.0M | BABA, ITUB, ARIS, VIST, BIDU |
| Q4 2025 | 41 | $473.5M | BABA, GGAL, BMA, BIDU, PAM |
| Q3 2025 | 37 | $516.4M | BABA, PAM, ONTO, FUTU, BMA |
| Q2 2025 | 49 | $524.8M | MAKEMYTRIP LIMITED MAURITIUS, PAM, BABA, BMA, RNW |
| Q1 2025 | 54 | $669.6M | PAM, BMA, BABA, MAKEMYTRIP LIMITED MAURITIUS, BEKE |
| Q4 2024Amended | 56 | $693.7M | BMA, PAM, TSM, YPF, TAL |
| Q3 2024 | 56 | $814.9M | YPF, VIST, AU, PDD, TAL |
| Q2 2024 | 55 | $800.2M | YPF, HDB, VIST, MELI, NTES |
| Q1 2024 | 44 | $1.1B | MELI, YPF, VIST, NU, TBBB |