TT International Asset Management LTD
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), TT International Asset Management LTD reported 55 stock positions worth $800.2 million. Its top holding was YPF S.A.-Sponsored ADR (YPF) at 15.0% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 12.9%) and Vista Energy Sab DE CV (VIST, 10.7%). Compared with Q1 2024, it opened 24 new positions, sold out of 13, added to 8 and reduced 21. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +150%) and the biggest sale MercadoLibre (MELI, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001809187
- Portfolio Value
- $800.2M (Q2 2024)
- SEC Filing
- 0001809187-24-000008 ↗ filed Aug 14, 2024
Holdings Value
Holdings 55 stocks · $800.2M
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 15.04% | 5,980,528 | $120.3M | Reduce -13.5% |
| HDB HDFC Bank Ltd.-ADR | 12.92% | 1,607,092 | $103.4M | Add +149.8% |
| VIST Vista Energy Sab DE CV | 10.74% | 1,890,139 | $86.0M | Add +11.1% |
| MELI MercadoLibre Inc. | 7.32% | 35,625 | $58.5M | Reduce -69.9% |
| NTES Netease Inc.-ADR | 5.94% | 497,324 | $47.5M | Add +1.7% |
| AU Anglogold Ashanti PLC | 5.88% | 1,873,969 | $47.1M | Add +205.1% |
| TAL Tal Education Group- ADR | 5.13% | 3,849,844 | $41.1M | New |
| BMA Banco Macro SA-ADR | 3.59% | 501,683 | $28.8M | New |
| AVGO Broadcom Inc. | 3.46% | 17,230 | $27.7M | New |
| TBBB BBB Foods Inc. Class A | 3.45% | 1,155,694 | $27.6M | Reduce -58.8% |
| TSM Taiwan Semiconductor-SP ADR | 2.91% | 133,855 | $23.3M | Reduce -54.5% |
| EMBJ Embraer SA-Spon ADR | 2.83% | 876,206 | $22.6M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 2.59% | 1,052,369 | $20.8M | Reduce -52.4% |
| TGS Transportador Gas-ADR SP B | 2.59% | 1,091,053 | $20.7M | Add +0.3% |
| ASX Ase Technology Holding -ADR | 2.57% | 1,797,768 | $20.5M | Add +245.7% |
| TME Tencent Music Entertainm-ADR | 2.34% | 395,110 | $18.7M | Reduce -31.0% |
| AMKR Amkor Technology Inc. | 2.22% | 443,979 | $17.8M | Reduce -21.8% |
| BABA Alibaba Group Holding-SP ADR | 1.42% | 157,760 | $11.4M | No change |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.76% | 52,541 | $6.1M | Reduce -2.7% |
| IBN Icici Bank Ltd.-Spon ADR | 0.45% | 126,368 | $3.6M | Reduce -61.6% |
| DADA Dada Nexus Ltd.-ADR | 0.45% | 2,836,468 | $3.6M | Reduce -28.6% |
| CDLR Cadeler A/S-ADR | 0.44% | 141,632 | $3.5M | Reduce -7.1% |
| NEM Newmont Corp. | 0.43% | 83,000 | $3.5M | Add +38.3% |
| VLTO Veralto Corp. | 0.41% | 34,630 | $3.3M | Reduce -26.9% |
| TTEK Tetra Tech Inc. | 0.38% | 14,773 | $3.0M | Reduce -26.1% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.27% | 230,929 | $2.1M | New |
| ICLR Icon PLC | 0.27% | 6,800 | $2.1M | New |
| BLD Topbuild Corp. | 0.23% | 4,704 | $1.8M | New |
| PAM Pampa Energia SA-Spon ADR | 0.21% | 38,321 | $1.7M | Reduce -84.0% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 65,000 | $1.6M | Add +85.7% |
| CSL Carlisle Cos Inc. | 0.20% | 3,995 | $1.6M | New |
| MRNA Moderna Inc. | 0.20% | 13,300 | $1.6M | Reduce -8.3% |
| RNW Renew Energy Global PLC-A | 0.19% | 239,262 | $1.5M | Reduce -6.3% |
| SUPV Grupo Supervielle SA-SP ADR | 0.18% | 216,654 | $1.5M | New |
| ECL Ecolab Inc. | 0.18% | 5,952 | $1.4M | New |
| OC Owens Corning | 0.17% | 8,027 | $1.4M | New |
| ON On Semiconductor | 0.16% | 18,901 | $1.3M | Reduce -6.3% |
| CAMT Camtek Ltd. | 0.14% | 6,351 | $1.2M | Reduce -95.8% |
| XYL Xylem Inc. | 0.14% | 8,455 | $1.1M | Reduce -18.8% |
| NVT Nvent Electric PLC | 0.13% | 13,844 | $1.1M | New |
| HUBB Hubbell Inc. | 0.13% | 2,780 | $1.0M | New |
| GLNG Golar LNG Ltd. | 0.12% | 31,150 | $976K | No change |
| VRT Vertiv Holdings Co. Class A | 0.06% | 5,918 | $512K | New |
| CYBERARK SOFTWARE LTD filed as CADELER A S | 0.06% | 1,829 | $500K | New |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.06% | 3,379 | $450K | New |
| TUR iShares MSCI Turkey ETF | 0.06% | 10,555 | $443K | New |
| WGO Winnebago Industries | 0.05% | 7,132 | $386K | New |
| TRU Transunion | 0.05% | 5,101 | $378K | New |
| DT Dynatrace Inc. | 0.05% | 8,319 | $372K | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.05% | 5,800 | $372K | New |
| INST Instructure Holdings Inc. | 0.04% | 14,841 | $347K | Reduce -28.9% |
| HEES H&E Equipment Services Inc. | 0.04% | 6,720 | $296K | New |
| COCO The Vita Coco Co. Inc. | 0.04% | 10,391 | $289K | Reduce -31.9% |
| H Hyatt Hotels Corp. Class A | 0.03% | 1,791 | $272K | New |
| TKR Timken Co. | 0.03% | 3,342 | $267K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $17K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 31,938 | $17K | New |
Total filed on the 13F, all lines: $800.2M.
Portfolio Sells Q1 2024 → Q2 2024
| MELI MercadoLibre Inc. | Reduce -69.9% | 7.32% | −9.26 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −6.36 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −4.71 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −4.18 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −3.87 |
| MU Micron Technology Inc. | Sold out | 0.00% | −3.11 |
| TBBB BBB Foods Inc. Class A | Reduce -58.8% | 3.45% | −2.74 |
| TS Tenaris SA-ADR | Sold out | 0.00% | −2.52 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -52.4% | 2.59% | −1.18 |
| CAMT Camtek Ltd. | Reduce -95.8% | 0.14% | −1.03 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.92 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -54.5% | 2.91% | −0.80 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.76 |
| PAM Pampa Energia SA-Spon ADR | Reduce -84.0% | 0.21% | −0.75 |
| TX Ternium SA-Sponsored ADR | Sold out | 0.00% | −0.56 |
| CORP AMERICA AIRPORTS SA | Sold out | 0.00% | −0.56 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -61.6% | 0.45% | −0.35 |
| SGML Sigma Lithium Corp. | Sold out | 0.00% | −0.34 |
| DADA Dada Nexus Ltd.-ADR | Reduce -28.6% | 0.45% | −0.31 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.09 |
| VEON Veon Ltd. | Sold out | 0.00% | −0.02 |
| COCO The Vita Coco Co. Inc. | Reduce -31.9% | 0.04% | +0.00 |
| INST Instructure Holdings Inc. | Reduce -28.9% | 0.04% | +0.00 |
| XYL Xylem Inc. | Reduce -18.8% | 0.14% | +0.02 |
| VLTO Veralto Corp. | Reduce -26.9% | 0.41% | +0.02 |
| ON On Semiconductor | Reduce -6.3% | 0.16% | +0.02 |
| TTEK Tetra Tech Inc. | Reduce -26.1% | 0.38% | +0.04 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -2.7% | 0.76% | +0.04 |
| RNW Renew Energy Global PLC-A | Reduce -6.3% | 0.19% | +0.04 |
| MRNA Moderna Inc. | Reduce -8.3% | 0.20% | +0.05 |
| CDLR Cadeler A/S-ADR | Reduce -7.1% | 0.44% | +0.19 |
| TME Tencent Music Entertainm-ADR | Reduce -31.0% | 2.34% | +0.27 |
| AMKR Amkor Technology Inc. | Reduce -21.8% | 2.22% | +0.52 |
| YPF YPF S.A.-Sponsored ADR | Reduce -13.5% | 15.04% | +2.35 |
Portfolio Buys Q1 2024 → Q2 2024
| HDB HDFC Bank Ltd.-ADR | Add +149.8% | 12.92% | +9.58 |
| TAL Tal Education Group- ADR | New | 5.13% | +5.13 |
| AU Anglogold Ashanti PLC | Add +205.1% | 5.88% | +4.62 |
| VIST Vista Energy Sab DE CV | Add +11.1% | 10.74% | +4.22 |
| BMA Banco Macro SA-ADR | New | 3.59% | +3.59 |
| AVGO Broadcom Inc. | New | 3.46% | +3.46 |
| EMBJ Embraer SA-Spon ADR | New | 2.83% | +2.83 |
| ASX Ase Technology Holding -ADR | Add +245.7% | 2.57% | +2.04 |
| NTES Netease Inc.-ADR | Add +1.7% | 5.94% | +1.25 |
| TGS Transportador Gas-ADR SP B | Add +0.3% | 2.59% | +1.07 |
| BBAR Bbva Argentina SA-ADR | New | 0.27% | +0.27 |
| ICLR Icon PLC | New | 0.27% | +0.27 |
| NEM Newmont Corp. | Add +38.3% | 0.43% | +0.23 |
| BLD Topbuild Corp. | New | 0.23% | +0.23 |
| CSL Carlisle Cos Inc. | New | 0.20% | +0.20 |
| SUPV Grupo Supervielle SA-SP ADR | New | 0.18% | +0.18 |
| ECL Ecolab Inc. | New | 0.18% | +0.18 |
| OC Owens Corning | New | 0.17% | +0.17 |
| NVT Nvent Electric PLC | New | 0.13% | +0.13 |
| PLTR Palantir Technologies Inc. Class A | Add +85.7% | 0.21% | +0.13 |
| HUBB Hubbell Inc. | New | 0.13% | +0.13 |
| VRT Vertiv Holdings Co. Class A | New | 0.06% | +0.06 |
| CYBERARK SOFTWARE LTD | New | 0.06% | +0.06 |
| HRI Herc Holdings Inc. | New | 0.06% | +0.06 |
| TUR iShares MSCI Turkey ETF | New | 0.06% | +0.06 |
| WGO Winnebago Industries | New | 0.05% | +0.05 |
| TRU Transunion | New | 0.05% | +0.05 |
| DT Dynatrace Inc. | New | 0.05% | +0.05 |
| P Everpure Inc. Class A | New | 0.05% | +0.05 |
| HEES H&E Equipment Services Inc. | New | 0.04% | +0.04 |
| H Hyatt Hotels Corp. Class A | New | 0.03% | +0.03 |
| TKR Timken Co. | New | 0.03% | +0.03 |
Notes & Other Activity Q1 2024 → Q2 2024
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | New | 31,938 | $17K |
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 |