TT International Asset Management LTD
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed June 16, 2026), TT International Asset Management LTD reported 56 stock positions worth $693.7 million. Its top holding was Banco Macro SA-ADR (BMA) at 15.9% of the portfolio, followed by Pampa Energia SA-Spon ADR (PAM, 15.3%) and Taiwan Semiconductor-SP ADR (TSM, 11.6%). Compared with Q3 2024, it opened 16 new positions, sold out of 16, added to 17 and reduced 23. The biggest buy was Pampa Energia SA-Spon ADR (PAM, shares +251%) and the biggest sale Anglogold Ashanti (AU, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001809187
- Portfolio Value
- $693.7M (Q4 2024)
- SEC Filing
- 0001809187-26-000005 ↗ filed Jun 16, 2026
Holdings Value
Holdings 56 stocks · $693.7M
| BMA Banco Macro SA-ADR | 15.92% | 1,141,086 | $110.4M | Add +86.6% |
| PAM Pampa Energia SA-Spon ADR | 15.30% | 1,206,603 | $106.1M | Add +250.9% |
| TSM Taiwan Semiconductor-SP ADR | 11.61% | 407,832 | $80.5M | Add +1146.1% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 7.67% | 1,252,448 | $53.2M | Reduce -75.6% |
| TAL Tal Education Group- ADR | 7.07% | 4,896,911 | $49.1M | Add +12.9% |
| VIST Vista Energy Sab DE CV | 6.32% | 810,177 | $43.8M | Reduce -58.1% |
| TGS Transportador Gas-ADR SP B | 5.02% | 1,190,573 | $34.8M | Reduce -6.9% |
| MAKEMYTRIP LIMITED MAURITIUS | 4.95% | 305,582 | $34.3M | New |
| HTHT H World Group Ltd.-ADR | 4.60% | 357,915 | $31.9M | Reduce -46.6% |
| BABA Alibaba Group Holding-SP ADR | 3.38% | 276,562 | $23.4M | Reduce -24.6% |
| ANGLOGOLD ASHANTI PLC | 1.85% | 554,637 | $12.8M | New |
| ICLR Icon PLC | 1.10% | 36,118 | $7.7M | Add +39.0% |
| NVT Nvent Electric PLC | 1.06% | 108,395 | $7.4M | Add +20.4% |
| AMD Advanced Micro Devices | 0.90% | 156,495 | $6.2M | Add +1856.2% |
| BLD Topbuild Corp. | 0.84% | 18,781 | $5.8M | Add +33.3% |
| JD Jd.com Inc.-ADR | 0.78% | 155,913 | $5.4M | Reduce -60.3% |
| H Hyatt Hotels Corp. Class A | 0.76% | 33,657 | $5.3M | New |
| CDLR Cadeler A/S-ADR | 0.76% | 236,396 | $5.3M | Reduce -4.0% |
| TRU Transunion | 0.73% | 54,794 | $5.1M | Add +104.0% |
| RNW Renew Energy Global PLC-A | 0.68% | 148,701 | $4.7M | Reduce -28.9% |
| VRT Vertiv Holdings Co. Class A | 0.57% | 34,833 | $4.0M | Reduce -30.5% |
| LPLA LPL Financial Holdings Inc. | 0.57% | 12,043 | $3.9M | Add +6.9% |
| DT Dynatrace Inc. | 0.54% | 69,284 | $3.8M | Reduce -24.0% |
| ACM Aecom | 0.52% | 33,501 | $3.6M | New |
| TKR Timken Co. | 0.49% | 47,187 | $3.4M | Add +20.1% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.47% | 171,134 | $3.3M | New |
| VLTO Veralto Corp. | 0.44% | 29,678 | $3.0M | Add +18.8% |
| XYL Xylem Inc. | 0.43% | 25,653 | $3.0M | Add +70.5% |
| WGO Winnebago Industries | 0.40% | 58,676 | $2.8M | Add +10.9% |
| SF Stifel Financial Corp. | 0.40% | 26,018 | $2.8M | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.39% | 44,400 | $2.7M | Reduce -39.3% |
| TUR iShares MSCI Turkey ETF | 0.38% | 74,131 | $2.7M | New |
| HEES H&E Equipment Services Inc. | 0.38% | 53,420 | $2.6M | Reduce -2.5% |
| WCC Wesco International Inc. | 0.31% | 11,932 | $2.2M | New |
| SUPV Grupo Supervielle SA-SP ADR | 0.25% | 116,086 | $1.8M | Add +539.9% |
| FSLR First Solar Inc. | 0.24% | 9,578 | $1.7M | Add +221.7% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.21% | 7,798 | $1.5M | Reduce -45.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.21% | 48,830 | $1.5M | Reduce -71.6% |
| PTC PTC Inc. | 0.17% | 6,328 | $1.2M | Add +0.0% |
| ON On Semiconductor | 0.15% | 16,523 | $1.0M | Reduce -12.3% |
| OC Owens Corning | 0.15% | 6,039 | $1.0M | Reduce -48.0% |
| AMGN Amgen Inc. | 0.14% | 3,649 | $951K | New |
| CSL Carlisle Cos Inc. | 0.12% | 2,343 | $864K | Reduce -33.9% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.10% | 38,936 | $717K | New |
| TTEK Tetra Tech Inc. | 0.09% | 16,478 | $656K | Reduce -22.4% |
| BAP Credicorp Ltd. | 0.07% | 2,700 | $495K | Reduce -98.0% |
| ENPH Enphase Energy Inc. | 0.07% | 7,050 | $484K | New |
| AI C3.AI Inc. Class A | 0.07% | 14,000 | $482K | New |
| CYBR Cyberark Software Ltd./Israel | 0.07% | 2,030 | $475K | Reduce -81.6% |
| GILD Gilead Sciences Inc. | 0.06% | 4,675 | $432K | Reduce -68.8% |
| COHR Coherent Corp. | 0.06% | 4,335 | $411K | New |
| MELI MercadoLibre Inc. | 0.05% | 212 | $360K | New |
| PLTR Palantir Technologies Inc. Class A | 0.04% | 3,500 | $265K | New |
| TIGO Millicom Intl Cellular S.A. | 0.04% | 10,104 | $253K | New |
| AU Anglogold Ashanti PLC | 0.03% | 4,153 | $181K | Reduce -99.8% |
| HUBB Hubbell Inc. | 0.01% | 85 | $36K | Reduce -95.0% |
Portfolio Sells Q3 2024 → Q4 2024
| AU Anglogold Ashanti PLC | Reduce -99.8% | 0.03% | −9.24 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −9.13 |
| YPF YPF S.A.-Sponsored ADR | Reduce -75.6% | 7.67% | −5.67 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −4.39 |
| VIST Vista Energy Sab DE CV | Reduce -58.1% | 6.32% | −4.16 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −3.17 |
| BAP Credicorp Ltd. | Reduce -98.0% | 0.07% | −3.01 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −2.73 |
| ASX Ase Technology Holding -ADR | Sold out | 0.00% | −2.47 |
| BABA Alibaba Group Holding-SP ADR | Reduce -24.6% | 3.38% | −1.40 |
| JD Jd.com Inc.-ADR | Reduce -60.3% | 0.78% | −1.15 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −1.08 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −0.93 |
| COCO The Vita Coco Co. Inc. | Sold out | 0.00% | −0.63 |
| CPA Copa Holdings SA Class A | Sold out | 0.00% | −0.58 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -71.6% | 0.21% | −0.42 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.39 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.39 |
| CYBR Cyberark Software Ltd./Israel | Reduce -81.6% | 0.07% | −0.33 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.32 |
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −0.28 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.12 |
| OC Owens Corning | Reduce -48.0% | 0.15% | −0.10 |
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −0.10 |
| GILD Gilead Sciences Inc. | Reduce -68.8% | 0.06% | −0.09 |
| CDLR Cadeler A/S-ADR | Reduce -4.0% | 0.76% | −0.09 |
| HUBB Hubbell Inc. | Reduce -95.0% | 0.01% | −0.08 |
| CSL Carlisle Cos Inc. | Reduce -33.9% | 0.12% | −0.07 |
| HRI Herc Holdings Inc. | Reduce -45.6% | 0.21% | −0.07 |
| P Everpure Inc. Class A | Reduce -39.3% | 0.39% | −0.06 |
| DT Dynatrace Inc. | Reduce -24.0% | 0.54% | −0.06 |
| LOMA Loma Negra Cia Ind-Spon ADR | Sold out | 0.00% | −0.05 |
| VRT Vertiv Holdings Co. Class A | Reduce -30.5% | 0.57% | −0.04 |
| TTEK Tetra Tech Inc. | Reduce -22.4% | 0.09% | −0.03 |
| ON On Semiconductor | Reduce -12.3% | 0.15% | −0.02 |
| HEES H&E Equipment Services Inc. | Reduce -2.5% | 0.38% | +0.05 |
| RNW Renew Energy Global PLC-A | Reduce -28.9% | 0.68% | +0.52 |
| HTHT H World Group Ltd.-ADR | Reduce -46.6% | 4.60% | +1.55 |
| TGS Transportador Gas-ADR SP B | Reduce -6.9% | 5.02% | +2.14 |
Portfolio Buys Q3 2024 → Q4 2024
| PAM Pampa Energia SA-Spon ADR | Add +250.9% | 15.30% | +12.76 |
| BMA Banco Macro SA-ADR | Add +86.6% | 15.92% | +11.15 |
| TSM Taiwan Semiconductor-SP ADR | Add +1146.1% | 11.61% | +10.91 |
| MAKEMYTRIP LIMITED MAURITIUS | New | 4.95% | +4.95 |
| ANGLOGOLD ASHANTI PLC | New | 1.85% | +1.85 |
| TAL Tal Education Group- ADR | Add +12.9% | 7.07% | +0.77 |
| H Hyatt Hotels Corp. Class A | New | 0.76% | +0.76 |
| AMD Advanced Micro Devices | Add +1856.2% | 0.90% | +0.74 |
| ACM Aecom | New | 0.52% | +0.52 |
| BBAR Bbva Argentina SA-ADR | New | 0.47% | +0.47 |
| SF Stifel Financial Corp. | New | 0.40% | +0.40 |
| TRU Transunion | Add +104.0% | 0.73% | +0.39 |
| TUR iShares MSCI Turkey ETF | New | 0.38% | +0.38 |
| WCC Wesco International Inc. | New | 0.31% | +0.31 |
| NVT Nvent Electric PLC | Add +20.4% | 1.06% | +0.29 |
| LPLA LPL Financial Holdings Inc. | Add +6.9% | 0.57% | +0.25 |
| SUPV Grupo Supervielle SA-SP ADR | Add +539.9% | 0.25% | +0.24 |
| ICLR Icon PLC | Add +39.0% | 1.10% | +0.19 |
| XYL Xylem Inc. | Add +70.5% | 0.43% | +0.18 |
| FSLR First Solar Inc. | Add +221.7% | 0.24% | +0.15 |
| BLD Topbuild Corp. | Add +33.3% | 0.84% | +0.14 |
| AMGN Amgen Inc. | New | 0.14% | +0.14 |
| BEKE Ke Holdings Inc.-ADR | New | 0.10% | +0.10 |
| VLTO Veralto Corp. | Add +18.8% | 0.44% | +0.09 |
| TKR Timken Co. | Add +20.1% | 0.49% | +0.08 |
| ENPH Enphase Energy Inc. | New | 0.07% | +0.07 |
| AI C3.AI Inc. Class A | New | 0.07% | +0.07 |
| COHR Coherent Corp. | New | 0.06% | +0.06 |
| MELI MercadoLibre Inc. | New | 0.05% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | New | 0.04% | +0.04 |
| TIGO Millicom Intl Cellular S.A. | New | 0.04% | +0.04 |
| PTC PTC Inc. | Add +0.0% | 0.17% | +0.03 |
| WGO Winnebago Industries | Add +10.9% | 0.40% | +0.03 |
Notes & Other Activity Q3 2024 → Q4 2024
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | Sold out | 31,938 | $10Kbefore 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 |