TT International Asset Management LTD
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), TT International Asset Management LTD reported 56 stock positions worth $814.9 million. Its top holding was YPF S.A.-Sponsored ADR (YPF) at 13.3% of the portfolio, followed by Vista Energy Sab DE CV (VIST, 10.5%) and Anglogold Ashanti (AU, 9.3%). Compared with Q2 2024, it opened 15 new positions, sold out of 14, added to 24 and reduced 17. The biggest buy was a new position in PDD (PDD) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001809187
- Portfolio Value
- $814.9M (Q3 2024)
- SEC Filing
- 0001809187-24-000009 ↗ filed Nov 18, 2024
Holdings Value
Holdings 56 stocks · $814.9M
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 13.35% | 5,128,442 | $108.8M | Reduce -14.3% |
| VIST Vista Energy Sab DE CV | 10.48% | 1,933,803 | $85.4M | Add +2.3% |
| AU Anglogold Ashanti PLC | 9.27% | 2,836,110 | $75.5M | Add +51.3% |
| PDD PDD Holdings Inc. | 9.13% | 552,116 | $74.4M | New |
| TAL Tal Education Group- ADR | 6.30% | 4,337,801 | $51.4M | Add +12.7% |
| BABA Alibaba Group Holding-SP ADR | 4.78% | 366,871 | $38.9M | Add +132.6% |
| BMA Banco Macro SA-ADR | 4.76% | 611,476 | $38.8M | Add +21.9% |
| MCHI iShares MSCI China ETF | 4.39% | 703,344 | $35.8M | New |
| NTES Netease Inc.-ADR | 3.17% | 276,169 | $25.8M | Reduce -44.5% |
| BAP Credicorp Ltd. | 3.08% | 138,593 | $25.1M | New |
| HTHT H World Group Ltd.-ADR | 3.06% | 669,771 | $24.9M | New |
| TGS Transportador Gas-ADR SP B | 2.88% | 1,279,321 | $23.5M | Add +17.3% |
| EMBJ Embraer SA-Spon ADR | 2.73% | 628,929 | $22.2M | Reduce -28.2% |
| PAM Pampa Energia SA-Spon ADR | 2.53% | 343,880 | $20.6M | Add +797.4% |
| ASX Ase Technology Holding -ADR | 2.47% | 2,063,535 | $20.1M | Add +14.8% |
| JD Jd.com Inc.-ADR | 1.93% | 392,539 | $15.7M | New |
| DESP Despegar.com Corp. | 1.08% | 706,704 | $8.8M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 0.93% | 255,081 | $7.6M | Reduce -75.8% |
| ICLR Icon PLC | 0.92% | 25,976 | $7.5M | Add +282.0% |
| CDLR Cadeler A/S-ADR | 0.85% | 246,173 | $6.9M | Add +73.8% |
| NVT Nvent Electric PLC | 0.78% | 90,019 | $6.3M | Add +550.2% |
| BLD Topbuild Corp. | 0.70% | 14,087 | $5.7M | Add +199.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.70% | 32,729 | $5.7M | Reduce -75.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.63% | 171,892 | $5.1M | Add +36.0% |
| COCO The Vita Coco Co. Inc. | 0.63% | 181,188 | $5.1M | Add +1643.7% |
| VRT Vertiv Holdings Co. Class A | 0.61% | 50,098 | $5.0M | Add +746.5% |
| DT Dynatrace Inc. | 0.60% | 91,163 | $4.9M | Add +995.8% |
| CPA Copa Holdings SA Class A | 0.58% | 50,340 | $4.7M | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.45% | 73,085 | $3.7M | Add +1160.1% |
| TKR Timken Co. | 0.41% | 39,274 | $3.3M | Add +1075.2% |
| CYBR Cyberark Software Ltd./Israel | 0.40% | 11,058 | $3.2M | New |
| NEM Newmont Corp. | 0.39% | 60,000 | $3.2M | Reduce -27.7% |
| GMED Globus Medical Inc. Class A | 0.39% | 44,309 | $3.2M | New |
| WGO Winnebago Industries | 0.38% | 52,903 | $3.1M | Add +641.8% |
| TRU Transunion | 0.34% | 26,853 | $2.8M | Add +426.4% |
| VLTO Veralto Corp. | 0.34% | 24,983 | $2.8M | Reduce -27.9% |
| HEES H&E Equipment Services Inc. | 0.33% | 54,783 | $2.7M | Add +715.2% |
| HDB HDFC Bank Ltd.-ADR | 0.32% | 42,304 | $2.6M | Reduce -97.4% |
| LPLA LPL Financial Holdings Inc. | 0.32% | 11,266 | $2.6M | New |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.28% | 14,346 | $2.3M | Add +324.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.28% | 49,652 | $2.2M | Reduce -5.5% |
| OC Owens Corning | 0.25% | 11,604 | $2.0M | Add +44.6% |
| XYL Xylem Inc. | 0.25% | 15,045 | $2.0M | Add +77.9% |
| CSL Carlisle Cos Inc. | 0.20% | 3,545 | $1.6M | Reduce -11.3% |
| ON On Semiconductor | 0.17% | 18,831 | $1.4M | Reduce -0.4% |
| RNW Renew Energy Global PLC-A | 0.16% | 209,212 | $1.3M | Reduce -12.6% |
| AMD Advanced Micro Devices | 0.16% | 8,000 | $1.3M | New |
| GILD Gilead Sciences Inc. | 0.15% | 15,000 | $1.3M | New |
| PTC PTC Inc. | 0.14% | 6,327 | $1.1M | New |
| TTEK Tetra Tech Inc. | 0.12% | 21,233 | $1.0M | Reduce -71.3% |
| ECL Ecolab Inc. | 0.12% | 3,697 | $943K | Reduce -37.9% |
| GLNG Golar LNG Ltd. | 0.10% | 21,150 | $777K | Reduce -32.1% |
| FSLR First Solar Inc. | 0.09% | 2,977 | $742K | New |
| HUBB Hubbell Inc. | 0.09% | 1,685 | $721K | Reduce -39.4% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.05% | 47,897 | $386K | New |
| SUPV Grupo Supervielle SA-SP ADR | 0.02% | 18,140 | $128K | Reduce -91.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $10K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 31,938 | $10K | No change |
Total filed on the 13F, all lines: $814.9M.
Portfolio Sells Q2 2024 → Q3 2024
| HDB HDFC Bank Ltd.-ADR | Reduce -97.4% | 0.32% | −12.59 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −7.32 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −3.46 |
| TBBB BBB Foods Inc. Class A | Sold out | 0.00% | −3.45 |
| NTES Netease Inc.-ADR | Reduce -44.5% | 3.17% | −2.77 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −2.34 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −2.22 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -75.5% | 0.70% | −2.21 |
| YPF YPF S.A.-Sponsored ADR | Reduce -14.3% | 13.35% | −1.69 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -75.8% | 0.93% | −1.66 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -5.5% | 0.28% | −0.49 |
| DADA Dada Nexus Ltd.-ADR | Sold out | 0.00% | −0.45 |
| BBAR Bbva Argentina SA-ADR | Sold out | 0.00% | −0.27 |
| TTEK Tetra Tech Inc. | Reduce -71.3% | 0.12% | −0.25 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.21 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.20 |
| SUPV Grupo Supervielle SA-SP ADR | Reduce -91.6% | 0.02% | −0.17 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −0.14 |
| EMBJ Embraer SA-Spon ADR | Reduce -28.2% | 2.73% | −0.10 |
| VLTO Veralto Corp. | Reduce -27.9% | 0.34% | −0.07 |
| CYBERARK SOFTWARE LTD | Sold out | 0.00% | −0.06 |
| ECL Ecolab Inc. | Reduce -37.9% | 0.12% | −0.06 |
| TUR iShares MSCI Turkey ETF | Sold out | 0.00% | −0.06 |
| INST Instructure Holdings Inc. | Sold out | 0.00% | −0.04 |
| NEM Newmont Corp. | Reduce -27.7% | 0.39% | −0.04 |
| HUBB Hubbell Inc. | Reduce -39.4% | 0.09% | −0.04 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.03 |
| GLNG Golar LNG Ltd. | Reduce -32.1% | 0.10% | −0.03 |
| RNW Renew Energy Global PLC-A | Reduce -12.6% | 0.16% | −0.03 |
| CSL Carlisle Cos Inc. | Reduce -11.3% | 0.20% | −0.01 |
| ON On Semiconductor | Reduce -0.4% | 0.17% | +0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| PDD PDD Holdings Inc. | New | 9.13% | +9.13 |
| MCHI iShares MSCI China ETF | New | 4.39% | +4.39 |
| AU Anglogold Ashanti PLC | Add +51.3% | 9.27% | +3.38 |
| BABA Alibaba Group Holding-SP ADR | Add +132.6% | 4.78% | +3.36 |
| BAP Credicorp Ltd. | New | 3.08% | +3.08 |
| HTHT H World Group Ltd.-ADR | New | 3.06% | +3.06 |
| PAM Pampa Energia SA-Spon ADR | Add +797.4% | 2.53% | +2.32 |
| JD Jd.com Inc.-ADR | New | 1.93% | +1.93 |
| BMA Banco Macro SA-ADR | Add +21.9% | 4.76% | +1.17 |
| TAL Tal Education Group- ADR | Add +12.7% | 6.30% | +1.17 |
| DESP Despegar.com Corp. | New | 1.08% | +1.08 |
| ICLR Icon PLC | Add +282.0% | 0.92% | +0.65 |
| NVT Nvent Electric PLC | Add +550.2% | 0.78% | +0.64 |
| COCO The Vita Coco Co. Inc. | Add +1643.7% | 0.63% | +0.59 |
| CPA Copa Holdings SA Class A | New | 0.58% | +0.58 |
| DT Dynatrace Inc. | Add +995.8% | 0.60% | +0.55 |
| VRT Vertiv Holdings Co. Class A | Add +746.5% | 0.61% | +0.55 |
| BLD Topbuild Corp. | Add +199.5% | 0.70% | +0.48 |
| CDLR Cadeler A/S-ADR | Add +73.8% | 0.85% | +0.41 |
| P Everpure Inc. Class A | Add +1160.1% | 0.45% | +0.40 |
| CYBR Cyberark Software Ltd./Israel | New | 0.40% | +0.40 |
| GMED Globus Medical Inc. Class A | New | 0.39% | +0.39 |
| TKR Timken Co. | Add +1075.2% | 0.41% | +0.37 |
| WGO Winnebago Industries | Add +641.8% | 0.38% | +0.33 |
| LPLA LPL Financial Holdings Inc. | New | 0.32% | +0.32 |
| TRU Transunion | Add +426.4% | 0.34% | +0.30 |
| TGS Transportador Gas-ADR SP B | Add +17.3% | 2.88% | +0.29 |
| HEES H&E Equipment Services Inc. | Add +715.2% | 0.33% | +0.29 |
| HRI Herc Holdings Inc. | Add +324.6% | 0.28% | +0.22 |
| IBN Icici Bank Ltd.-Spon ADR | Add +36.0% | 0.63% | +0.17 |
| AMD Advanced Micro Devices | New | 0.16% | +0.16 |
| GILD Gilead Sciences Inc. | New | 0.15% | +0.15 |
| PTC PTC Inc. | New | 0.14% | +0.14 |
| XYL Xylem Inc. | Add +77.9% | 0.25% | +0.11 |
| FSLR First Solar Inc. | New | 0.09% | +0.09 |
| OC Owens Corning | Add +44.6% | 0.25% | +0.08 |
| LOMA Loma Negra Cia Ind-Spon ADR | New | 0.05% | +0.05 |
| ASX Ase Technology Holding -ADR | Add +14.8% | 2.47% | −0.09 |
| VIST Vista Energy Sab DE CV | Add +2.3% | 10.48% | −0.26 |
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 |