TT International Asset Management LTD
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 2, 2025), TT International Asset Management LTD reported 37 stock positions worth $516.4 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 32.6% of the portfolio, followed by Pampa Energia SA-Spon ADR (PAM, 9.6%) and Onto Innovation (ONTO, 7.5%). Compared with Q2 2025, it opened 13 new positions, sold out of 25, added to 6 and reduced 16. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +59%) and the biggest sale Makemytrip Limited Mauritius (shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001809187
- Portfolio Value
- $516.4M (Q3 2025)
- SEC Filing
- 0001809187-25-000025 ↗ filed Oct 2, 2025
Holdings Value
Holdings 37 stocks · $516.4M
| BABA Alibaba Group Holding-SP ADR | 32.61% | 942,176 | $168.4M | Add +58.9% |
| PAM Pampa Energia SA-Spon ADR | 9.55% | 821,300 | $49.3M | Reduce -25.5% |
| ONTO Onto Innovation Inc. | 7.52% | 300,703 | $38.9M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 7.36% | 218,557 | $38.0M | New |
| BMA Banco Macro SA-ADR | 6.06% | 740,356 | $31.3M | Reduce -17.2% |
| BCH Banco DE Chile-ADR | 5.22% | 889,851 | $27.0M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 5.08% | 1,381,017 | $26.2M | Add +35.2% |
| BSAC Banco Santander-Chile-ADR | 4.78% | 931,502 | $24.7M | New |
| TGS Transportador Gas-ADR SP B | 3.80% | 932,714 | $19.6M | Reduce -6.2% |
| MAKEMYTRIP LIMITED MAURITIUS | 2.85% | 157,354 | $14.7M | Reduce -84.7% |
| CYBR Cyberark Software Ltd./Israel | 2.37% | 434,275 | $12.2M | Add +785.4% |
| ASX Ase Technology Holding -ADR | 1.56% | 727,779 | $8.1M | Reduce -17.7% |
| NICE Nice Ltd. - Spon ADR | 0.84% | 29,915 | $4.3M | Add +16.1% |
| INTR Inter & Co. Inc. Class A | 0.75% | 319,606 | $3.9M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.71% | 13,196 | $3.7M | New |
| BRBR Bellring Brands Inc. | 0.67% | 95,361 | $3.5M | Add +29.5% |
| ICLR Icon PLC | 0.67% | 41,290 | $3.5M | Reduce -73.9% |
| COCO The Vita Coco Co. Inc. | 0.53% | 64,802 | $2.8M | Reduce -46.1% |
| ANGLOGOLD ASHANTI PLC | 0.52% | 38,446 | $2.7M | Reduce -60.5% |
| LPLA LPL Financial Holdings Inc. | 0.51% | 7,944 | $2.6M | Add +55.1% |
| COHR Coherent Corp. | 0.50% | 14,000 | $2.6M | New |
| SF Stifel Financial Corp. | 0.49% | 22,464 | $2.5M | New |
| FCN Fti Consulting Inc. | 0.49% | 15,758 | $2.5M | Reduce -26.5% |
| GMED Globus Medical Inc. Class A | 0.47% | 42,249 | $2.4M | Reduce -16.7% |
| DT Dynatrace Inc. | 0.46% | 49,038 | $2.4M | New |
| CTRIP.COM INTERNATIONAL-ADR filed as TRIP COM GROUP LTD | 0.44% | 30,067 | $2.3M | Reduce -89.0% |
| SE Sea Ltd.-ADR | 0.42% | 12,269 | $2.2M | Reduce -52.3% |
| BLD Topbuild Corp. | 0.41% | 5,398 | $2.1M | Reduce -63.2% |
| AVPT Avepoint Inc. | 0.41% | 139,504 | $2.1M | New |
| H Hyatt Hotels Corp. Class A | 0.39% | 14,331 | $2.0M | Reduce -36.0% |
| AMD Advanced Micro Devices | 0.38% | 12,000 | $1.9M | Reduce -14.3% |
| EGO Eldorado Gold Corp. | 0.23% | 41,037 | $1.2M | New |
| VIST Vista Energy Sab DE CV | 0.20% | 30,000 | $1.0M | Reduce -89.2% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.20% | 140,000 | $1.0M | New |
| GILD Gilead Sciences Inc. | 0.19% | 9,000 | $999K | No change |
| DNLI Denali Therapeutics Inc. | 0.18% | 65,000 | $944K | No change |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.16% | 99,068 | $824K | New |
Portfolio Sells Q2 2025 → Q3 2025
| MAKEMYTRIP LIMITED MAURITIUS | Reduce -84.7% | 2.85% | −16.33 |
| BMA Banco Macro SA-ADR | Reduce -17.2% | 6.06% | −5.90 |
| RNW Renew Energy Global PLC-A | Sold out | 0.00% | −5.49 |
| PAM Pampa Energia SA-Spon ADR | Reduce -25.5% | 9.55% | −5.02 |
| TBBB BBB Foods Inc. Class A | Sold out | 0.00% | −3.62 |
| CTRIP.COM INTERNATIONAL-ADR | Reduce -89.0% | 0.44% | −2.60 |
| VIST Vista Energy Sab DE CV | Reduce -89.2% | 0.20% | −2.33 |
| TGS Transportador Gas-ADR SP B | Reduce -6.2% | 3.80% | −1.11 |
| TRU Transunion | Sold out | 0.00% | −0.83 |
| TIGO Millicom Intl Cellular S.A. | Sold out | 0.00% | −0.68 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.62 |
| WCC Wesco International Inc. | Sold out | 0.00% | −0.58 |
| BLD Topbuild Corp. | Reduce -63.2% | 0.41% | −0.50 |
| NSIT Insight Enterprises Inc. | Sold out | 0.00% | −0.49 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.49 |
| CDLR Cadeler A/S-ADR | Sold out | 0.00% | −0.44 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −0.43 |
| RENEW ENERGY GLOBAL PLC | Sold out | 0.00% | −0.39 |
| NVENT ELECTRIC PLC | Sold out | 0.00% | −0.39 |
| SE Sea Ltd.-ADR | Reduce -52.3% | 0.42% | −0.36 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.32 |
| ANGLOGOLD ASHANTI PLC | Reduce -60.5% | 0.52% | −0.32 |
| COCO The Vita Coco Co. Inc. | Reduce -46.1% | 0.53% | −0.29 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.27 |
| OC Owens Corning | Sold out | 0.00% | −0.27 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.27 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.26 |
| ORA Ormat Technologies Inc. | Sold out | 0.00% | −0.22 |
| H Hyatt Hotels Corp. Class A | Reduce -36.0% | 0.39% | −0.20 |
| ASX Ase Technology Holding -ADR | Reduce -17.7% | 1.56% | −0.18 |
| FCN Fti Consulting Inc. | Reduce -26.5% | 0.49% | −0.17 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.16 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.12 |
| SUPV Grupo Supervielle SA-SP ADR | Sold out | 0.00% | −0.11 |
| CSL Carlisle Cos Inc. | Sold out | 0.00% | −0.11 |
| GMED Globus Medical Inc. Class A | Reduce -16.7% | 0.47% | −0.10 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −0.10 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.08 |
| EVEX Eve Holding Inc. | Sold out | 0.00% | −0.08 |
| AMD Advanced Micro Devices | Reduce -14.3% | 0.38% | −0.00 |
| ICLR Icon PLC | Reduce -73.9% | 0.67% | +0.17 |
Portfolio Buys Q2 2025 → Q3 2025
| BABA Alibaba Group Holding-SP ADR | Add +58.9% | 32.61% | +19.79 |
| ONTO Onto Innovation Inc. | New | 7.52% | +7.52 |
| FUTU Futu Holdings Ltd.-ADR | New | 7.36% | +7.36 |
| BCH Banco DE Chile-ADR | New | 5.22% | +5.22 |
| BSAC Banco Santander-Chile-ADR | New | 4.78% | +4.78 |
| CYBR Cyberark Software Ltd./Israel | Add +785.4% | 2.37% | +1.85 |
| BEKE Ke Holdings Inc.-ADR | Add +35.2% | 5.08% | +1.63 |
| INTR Inter & Co. Inc. Class A | New | 0.75% | +0.75 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.71% | +0.71 |
| COHR Coherent Corp. | New | 0.50% | +0.50 |
| SF Stifel Financial Corp. | New | 0.49% | +0.49 |
| DT Dynatrace Inc. | New | 0.46% | +0.46 |
| AVPT Avepoint Inc. | New | 0.41% | +0.41 |
| EGO Eldorado Gold Corp. | New | 0.23% | +0.23 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 0.20% | +0.20 |
| BBAR Bbva Argentina SA-ADR | New | 0.16% | +0.16 |
| LPLA LPL Financial Holdings Inc. | Add +55.1% | 0.51% | +0.15 |
| NICE Nice Ltd. - Spon ADR | Add +16.1% | 0.84% | +0.01 |
| BRBR Bellring Brands Inc. | Add +29.5% | 0.67% | −0.14 |
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 |