North of South Capital LLP
Net buyer this quarter
$1.36B
27
+$177M
90.5%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 IBN | $252M | 18.57% | Not reported | +3.0% | Q3 2024 |
 YPF | $183M | 13.47% | 1.02% | +14.2% | Q2 2024 |
 JD | $170M | 12.49% | 0.46% | +51.0% | Q2 2024 |
 TSM | $158M | 11.63% | 0.00% | -18.8% | Q2 2024 |
 YMM | $105M | 7.73% | Not reported | +16.4% | Q3 2024 |
 BIDU | $105M | 7.73% | Not reported | +24.3% | Q2 2024 |
 KSPI | $85.5M | 6.30% | 0.52% | +73.3% | Q2 2024 |
 ATHM | $65.2M | 4.80% | 0.74% | -7.4% | Q2 2024 |
 YUMC | $62.8M | 4.62% | 0.45% | New | Q2 2026 |
 LAUR | $42.6M | 3.13% | 0.85% | -23.3% | Q4 2024 |
 HDB | $41.2M | 3.03% | 0.01% | New | Q2 2026 |
 PAAS | $26.8M | 1.97% | 0.14% | -48.0% | Q2 2025 |
 TGS | $25.7M | 1.89% | 0.11% | +34.6% | Q1 2025 |
 KT | $4.02M | 0.30% | 0.10% | +144.5% | Q2 2024 |
 VIST | $2.64M | 0.19% | 0.04% | -0.2% | Q1 2026 |
 JOYY | $2.62M | 0.19% | Not reported | New | Q2 2026 |
 BABA | $2.38M | 0.18% | 0.00% | -31.2% | Q2 2024 |
 HMY | $2.14M | 0.16% | 0.02% | +4.8% | Q4 2025 |
 PBR | $2.13M | 0.16% | 0.00% | -42.2% | Q2 2024 |
| AXIAY | $1.87M | 0.14% | Not reported | +17.9% | Q1 2025 |
 BAP | $1.73M | 0.13% | 0.00% | -36.5% | Q2 2025 |
 UMC | $1.38M | 0.10% | 0.00% | -87.5% | Q2 2024 |
 LOMA | $1.24M | 0.09% | 0.02% | -33.8% | Q4 2025 |
 TLK | $944K | 0.07% | Not reported | +2.1% | Q1 2026 |
 MUX | $907K | 0.07% | 0.08% | Not reported | Q3 2025 |
 BBAR | $588K | 0.04% | 0.00% | Not reported | Q1 2025 |
 TV | $271K | 0.02% | Not reported | Not reported | Q2 2024 |
| Q1 2026 | |||||
| IBN | $219M | 19.64% | Not reported | +14.2% | Q3 2024 |
| YPF | $163M | 14.63% | 0.90% | +111.0% | Q2 2024 |
| TSM | $138M | 12.37% | 0.00% | -10.2% | Q2 2024 |
| JD | $130M | 11.72% | 0.30% | +3.7% | Q2 2024 |
| YMM | $92.3M | 8.29% | Not reported | +2.5% | Q3 2024 |
| BIDU | $82.4M | 7.40% | Not reported | +73.5% | Q2 2024 |
| ATHM | $64.3M | 5.77% | 0.80% | +62.8% | Q2 2024 |
| PAAS | $62.9M | 5.65% | 0.27% | -46.4% | Q2 2025 |
| LAUR | $53.2M | 4.78% | 1.09% | -0.7% | Q4 2024 |
| KSPI | $42.2M | 3.79% | 0.30% | +3023.8% | Q2 2024 |
| TGS | $22.2M | 1.99% | 0.09% | Not reported | Q1 2025 |
| PBR | $4.72M | 0.42% | 0.00% | -14.4% | Q2 2024 |
| BABA | $4.52M | 0.41% | 0.00% | -8.5% | Q2 2024 |
| UMC | $3.64M | 0.33% | 0.00% | +100.5% | Q2 2024 |
| VIST | $3.13M | 0.28% | 0.04% | New | Q1 2026 |
| BAP | $2.38M | 0.21% | 0.01% | -33.3% | Q2 2025 |
| HMY | $2.07M | 0.19% | 0.02% | +41.3% | Q4 2025 |
| KT | $2.04M | 0.18% | 0.04% | -97.9% | Q2 2024 |
 LTM | $1.95M | 0.18% | 0.00% | +135.7% | Q4 2025 |
| LOMA | $1.81M | 0.16% | 0.03% | +36.3% | Q4 2025 |
| AXIAY | $1.7M | 0.15% | Not reported | +77.0% | Q1 2025 |
| TLK | $1.29M | 0.12% | Not reported | New | Q1 2026 |
 AMX | $1.06M | 0.10% | 0.00% | New | Q1 2026 |
 TS | $1.05M | 0.09% | 0.00% | New | Q1 2026 |
| MUX | $1.02M | 0.09% | 0.08% | Not reported | Q3 2025 |
 AUGO | $596K | 0.05% | 0.01% | -73.7% | Q3 2025 |
| BBAR | $482K | 0.04% | 0.00% | Not reported | Q1 2025 |
| TV | $291K | 0.03% | Not reported | Not reported | Q2 2024 |
| Q4 2025 | |||||
| IBN | $220M | 19.79% | Not reported | +128.2% | Q3 2024 |
| TSM | $138M | 12.39% | 0.00% | -0.6% | Q2 2024 |
| JD | $122M | 10.97% | 0.29% | +4.4% | Q2 2024 |
| YMM | $116M | 10.46% | Not reported | +2.3% | Q3 2024 |
| PAAS | $111M | 10.00% | 0.51% | -28.4% | Q2 2025 |
| KT | $85.9M | 7.72% | 1.88% | +5.8% | Q2 2024 |
| YPF | $60.4M | 5.43% | 0.42% | +3.1% | Q2 2024 |
| BIDU | $55.7M | 5.00% | Not reported | +2.6% | Q2 2024 |
| LAUR | $51.8M | 4.65% | 1.08% | -4.2% | Q4 2024 |
| ATHM | $50.6M | 4.55% | 0.49% | -0.5% | Q2 2024 |
 VIPS | $40M | 3.60% | 0.20% | -32.6% | Q2 2024 |
 VLRS | $35.5M | 3.19% | Not reported | -21.4% | Q2 2024 |
| BABA | $5.77M | 0.52% | 0.00% | +12.6% | Q2 2024 |
| PBR | $3.15M | 0.28% | 0.00% | -6.8% | Q2 2024 |
| BAP | $3.02M | 0.27% | 0.01% | +163.0% | Q2 2025 |
| HMY | $1.89M | 0.17% | 0.02% | New | Q4 2025 |
| UMC | $1.59M | 0.14% | 0.00% | +61.6% | Q2 2024 |
| LOMA | $1.55M | 0.14% | 0.02% | New | Q4 2025 |
 TIGO | $1.5M | 0.13% | 0.02% | Not reported | Q1 2025 |
| KSPI | $1.42M | 0.13% | 0.01% | Not reported | Q2 2024 |
| AUGO | $1.4M | 0.13% | 0.03% | -66.5% | Q3 2025 |
| MUX | $926K | 0.08% | 0.09% | Not reported | Q3 2025 |
| LTM | $904K | 0.08% | 0.00% | New | Q4 2025 |
| AXIAY | $778K | 0.07% | Not reported | -80.7% | Q1 2025 |
| BBAR | $542K | 0.05% | 0.00% | Not reported | Q1 2025 |
| AXICY | $429K | 0.04% | Not reported | New | Q4 2025 |
| TV | $291K | 0.03% | Not reported | Not reported | Q2 2024 |
| Q3 2025 | |||||
| JD | $142M | 13.69% | 0.28% | +2.5% | Q2 2024 |
| YMM | $138M | 13.22% | Not reported | +33.9% | Q3 2024 |
| TSM | $127M | 12.25% | 0.00% | +2.4% | Q2 2024 |
| PAAS | $116M | 11.17% | 0.83% | +444.2% | Q2 2025 |
| IBN | $97.9M | 9.41% | Not reported | +926.0% | Q3 2024 |
| KT | $83.5M | 8.03% | 1.74% | +2.5% | Q2 2024 |
| VIPS | $65.9M | 6.33% | 0.30% | +4.1% | Q2 2024 |
| ATHM | $65.2M | 6.27% | 0.48% | +3.6% | Q2 2024 |
| BIDU | $54.7M | 5.26% | Not reported | -32.9% | Q2 2024 |
| LAUR | $50.6M | 4.87% | 1.09% | +1.7% | Q4 2024 |
| YPF | $39.3M | 3.78% | 0.41% | +4.5% | Q2 2024 |
| VLRS | $36.5M | 3.51% | Not reported | +2.4% | Q2 2024 |
| BABA | $6.26M | 0.60% | 0.00% | -98.3% | Q2 2024 |
| AXIAY | $4.36M | 0.42% | Not reported | +100.2% | Q1 2025 |
| PBR | $3.61M | 0.35% | 0.00% | +150.9% | Q2 2024 |
| AUGO | $3.09M | 0.30% | Not reported | New | Q3 2025 |
| TIGO | $1.31M | 0.13% | 0.02% | -48.8% | Q1 2025 |
 SKM | $1.13M | 0.11% | 0.02% | Not reported | Q4 2024 |
| BAP | $1.07M | 0.10% | 0.00% | -51.6% | Q2 2025 |
| UMC | $948K | 0.09% | 0.00% | Not reported | Q2 2024 |
| MUX | $855K | 0.08% | 0.09% | New | Q3 2025 |
| TV | $269K | 0.03% | Not reported | Not reported | Q2 2024 |
| BBAR | $250K | 0.02% | 0.00% | Not reported | Q1 2025 |