TT International Asset Management LTD
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 10, 2025), TT International Asset Management LTD reported 49 stock positions worth $524.8 million. Its top holding was Makemytrip Limited Mauritius at 19.2% of the portfolio, followed by Pampa Energia SA-Spon ADR (PAM, 14.6%) and Alibaba Group Holding-SP ADR (BABA, 12.8%). Compared with Q1 2025, it opened 11 new positions, sold out of 16, added to 18 and reduced 20. The biggest buy was Makemytrip Limited Mauritius (shares +112%) and the biggest sale an exit from PDD (PDD).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001809187
- Portfolio Value
- $524.8M (Q2 2025)
- SEC Filing
- 0001809187-25-000017 ↗ filed Jul 10, 2025
Holdings Value
Holdings 49 stocks · $524.8M
| MAKEMYTRIP LIMITED MAURITIUS | 19.18% | 1,027,077 | $100.7M | Add +112.4% |
| PAM Pampa Energia SA-Spon ADR | 14.58% | 1,102,407 | $76.5M | Reduce -16.5% |
| BABA Alibaba Group Holding-SP ADR | 12.82% | 593,014 | $67.3M | Add +16.4% |
| BMA Banco Macro SA-ADR | 11.97% | 894,385 | $62.8M | Reduce -7.2% |
| RNW Renew Energy Global PLC-A | 5.49% | 184,695 | $28.8M | Reduce -38.7% |
| TGS Transportador Gas-ADR SP B | 4.91% | 993,934 | $25.7M | Reduce -19.0% |
| TBBB BBB Foods Inc. Class A | 3.62% | 683,977 | $19.0M | Add +19.6% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.45% | 1,021,124 | $18.1M | Reduce -56.0% |
| CTRIP.COM INTERNATIONAL-ADR filed as TRIP COM GROUP LTD | 3.04% | 272,174 | $16.0M | Reduce -61.6% |
| VIST Vista Energy Sab DE CV | 2.53% | 277,876 | $13.3M | Reduce -71.3% |
| ASX Ase Technology Holding -ADR | 1.74% | 883,968 | $9.1M | Add +19539.4% |
| BLD Topbuild Corp. | 0.90% | 14,658 | $4.7M | Reduce -29.2% |
| ANGLOGOLD ASHANTI PLC | 0.84% | 97,214 | $4.4M | Reduce -31.5% |
| TRU Transunion | 0.83% | 49,742 | $4.4M | Reduce -13.9% |
| NICE Nice Ltd. - Spon ADR | 0.83% | 25,764 | $4.4M | New |
| COCO The Vita Coco Co. Inc. | 0.83% | 120,174 | $4.3M | Add +21.4% |
| BRBR Bellring Brands Inc. | 0.81% | 73,616 | $4.3M | Add +199.8% |
| SE Sea Ltd.-ADR | 0.78% | 25,731 | $4.1M | Add +482.0% |
| TIGO Millicom Intl Cellular S.A. | 0.68% | 34,515 | $3.6M | Add +696.2% |
| FCN Fti Consulting Inc. | 0.66% | 21,431 | $3.5M | New |
| VLTO Veralto Corp. | 0.62% | 31,986 | $3.2M | Add +4.5% |
| H Hyatt Hotels Corp. Class A | 0.60% | 22,409 | $3.1M | Reduce -39.5% |
| WCC Wesco International Inc. | 0.58% | 16,452 | $3.0M | Add +22.6% |
| GMED Globus Medical Inc. Class A | 0.57% | 50,709 | $3.0M | Add +32.6% |
| CYBR Cyberark Software Ltd./Israel | 0.52% | 49,050 | $2.7M | Reduce -14.6% |
| ICLR Icon PLC | 0.50% | 157,996 | $2.6M | Add +390.7% |
| NSIT Insight Enterprises Inc. | 0.49% | 18,751 | $2.6M | Reduce -24.1% |
| XYL Xylem Inc. | 0.49% | 20,001 | $2.6M | Add +1.1% |
| CDLR Cadeler A/S-ADR | 0.44% | 115,183 | $2.3M | Reduce -54.0% |
| MIR Mirion Technologies Inc. | 0.43% | 105,551 | $2.3M | Add +69.3% |
| RENEW ENERGY GLOBAL PLC | 0.39% | 297,418 | $2.1M | New |
| NVENT ELECTRIC PLC | 0.39% | 27,691 | $2.0M | Reduce -78.4% |
| AMD Advanced Micro Devices | 0.38% | 14,000 | $2.0M | Add +52.3% |
| LPLA LPL Financial Holdings Inc. | 0.37% | 5,122 | $1.9M | Reduce -57.2% |
| ECL Ecolab Inc. | 0.32% | 6,261 | $1.7M | Add +89.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.27% | 104,919 | $1.4M | New |
| OC Owens Corning | 0.27% | 10,428 | $1.4M | Add +49.8% |
| HUBB Hubbell Inc. | 0.27% | 3,452 | $1.4M | Reduce -15.7% |
| SCCO Southern Copper Corp. | 0.26% | 13,537 | $1.4M | New |
| ORA Ormat Technologies Inc. | 0.22% | 13,914 | $1.2M | Reduce -17.7% |
| GILD Gilead Sciences Inc. | 0.19% | 9,000 | $998K | Add +92.5% |
| DNLI Denali Therapeutics Inc. | 0.17% | 65,000 | $909K | New |
| MELI MercadoLibre Inc. | 0.16% | 313 | $818K | New |
| ITRI Itron Inc. | 0.12% | 4,923 | $648K | New |
| SUPV Grupo Supervielle SA-SP ADR | 0.11% | 56,796 | $601K | Reduce -53.5% |
| CSL Carlisle Cos Inc. | 0.11% | 1,555 | $581K | Reduce -35.6% |
| BZ Kanzhun Ltd. - ADR | 0.10% | 28,207 | $503K | New |
| AVGO Broadcom Inc. | 0.08% | 1,524 | $420K | New |
| EVEX Eve Holding Inc. filed as EVE HLDG INC | 0.08% | 60,050 | $412K | New |
Portfolio Sells Q1 2025 → Q2 2025
| PDD PDD Holdings Inc. | Sold out | 0.00% | −4.69 |
| VIST Vista Energy Sab DE CV | Reduce -71.3% | 2.53% | −4.21 |
| CTRIP.COM INTERNATIONAL-ADR | Reduce -61.6% | 3.04% | −3.70 |
| BEKE Ke Holdings Inc.-ADR | Reduce -56.0% | 3.45% | −3.50 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −3.27 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −2.66 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −2.03 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −1.92 |
| PAM Pampa Energia SA-Spon ADR | Reduce -16.5% | 14.58% | −0.64 |
| NVENT ELECTRIC PLC | Reduce -78.4% | 0.39% | −0.62 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.58 |
| SF Stifel Financial Corp. | Sold out | 0.00% | −0.54 |
| TKR Timken Co. | Sold out | 0.00% | −0.48 |
| BANCO BBVA ARGENTINA S A | Sold out | 0.00% | −0.31 |
| CDLR Cadeler A/S-ADR | Reduce -54.0% | 0.44% | −0.30 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.30 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.23 |
| LPLA LPL Financial Holdings Inc. | Reduce -57.2% | 0.37% | −0.22 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.20 |
| PTC PTC Inc. | Sold out | 0.00% | −0.16 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.15 |
| SUPV Grupo Supervielle SA-SP ADR | Reduce -53.5% | 0.11% | −0.12 |
| AMGEN INC | Sold out | 0.00% | −0.12 |
| H Hyatt Hotels Corp. Class A | Reduce -39.5% | 0.60% | −0.08 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.07 |
| NSIT Insight Enterprises Inc. | Reduce -24.1% | 0.49% | −0.06 |
| BLD Topbuild Corp. | Reduce -29.2% | 0.90% | −0.04 |
| CSL Carlisle Cos Inc. | Reduce -35.6% | 0.11% | −0.01 |
| ORA Ormat Technologies Inc. | Reduce -17.7% | 0.22% | +0.04 |
| TGS Transportador Gas-ADR SP B | Reduce -19.0% | 4.91% | +0.05 |
| ANGLOGOLD ASHANTI PLC | Reduce -31.5% | 0.84% | +0.06 |
| HUBB Hubbell Inc. | Reduce -15.7% | 0.27% | +0.07 |
| CYBR Cyberark Software Ltd./Israel | Reduce -14.6% | 0.52% | +0.11 |
| TRU Transunion | Reduce -13.9% | 0.83% | +0.12 |
| BMA Banco Macro SA-ADR | Reduce -7.2% | 11.97% | +1.10 |
| RNW Renew Energy Global PLC-A | Reduce -38.7% | 5.49% | +5.23 |
Portfolio Buys Q1 2025 → Q2 2025
| MAKEMYTRIP LIMITED MAURITIUS | Add +112.4% | 19.18% | +12.11 |
| BABA Alibaba Group Holding-SP ADR | Add +16.4% | 12.82% | +2.76 |
| ASX Ase Technology Holding -ADR | Add +19539.4% | 1.74% | +1.73 |
| TBBB BBB Foods Inc. Class A | Add +19.6% | 3.62% | +1.34 |
| NICE Nice Ltd. - Spon ADR | New | 0.83% | +0.83 |
| SE Sea Ltd.-ADR | Add +482.0% | 0.78% | +0.70 |
| FCN Fti Consulting Inc. | New | 0.66% | +0.66 |
| TIGO Millicom Intl Cellular S.A. | Add +696.2% | 0.68% | +0.64 |
| BRBR Bellring Brands Inc. | Add +199.8% | 0.81% | +0.54 |
| RENEW ENERGY GLOBAL PLC | New | 0.39% | +0.39 |
| COCO The Vita Coco Co. Inc. | Add +21.4% | 0.83% | +0.37 |
| MIR Mirion Technologies Inc. | Add +69.3% | 0.43% | +0.30 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.27% | +0.27 |
| WCC Wesco International Inc. | Add +22.6% | 0.58% | +0.27 |
| SCCO Southern Copper Corp. | New | 0.26% | +0.26 |
| ECL Ecolab Inc. | Add +89.8% | 0.32% | +0.20 |
| DNLI Denali Therapeutics Inc. | New | 0.17% | +0.17 |
| VLTO Veralto Corp. | Add +4.5% | 0.62% | +0.17 |
| MELI MercadoLibre Inc. | New | 0.16% | +0.16 |
| GMED Globus Medical Inc. Class A | Add +32.6% | 0.57% | +0.15 |
| XYL Xylem Inc. | Add +1.1% | 0.49% | +0.14 |
| OC Owens Corning | Add +49.8% | 0.27% | +0.12 |
| ITRI Itron Inc. | New | 0.12% | +0.12 |
| GILD Gilead Sciences Inc. | Add +92.5% | 0.19% | +0.11 |
| BZ Kanzhun Ltd. - ADR | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | New | 0.08% | +0.08 |
| EVEX Eve Holding Inc. | New | 0.08% | +0.08 |
| AMD Advanced Micro Devices | Add +52.3% | 0.38% | −0.01 |
| ICLR Icon PLC | Add +390.7% | 0.50% | −0.35 |
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 |