1y return+30.1%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2024: $163 against $137 in the S&P 500.2
North of South Capital LLPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IBNIcici Bank-adr | $252.3M | 18.6% | +3.0% |
| YPFYpf Sa-adr | $183.0M | 13.5% | +14.2% |
| JDJd.com Inc-adr | $169.7M | 12.5% | +51.0% |
| TSMTaiwan Semic-adr | $158.1M | 11.6% | −18.8% |
| YMMFull Truck A-adr | $105.0M | 7.7% | +16.4% |
| BIDUBaidu Inc-sp Adr | $105.0M | 7.7% | +24.3% |
| KSPIJsc Kaspi.kz | $85.5M | 6.3% | +73.3% |
| ATHMAutohome Inc-adr | $65.2M | 4.8% | −7.4% |
| YUMCYum China Ho | $62.8M | 4.6% | New |
| LAURLaureate Educati | $42.6M | 3.1% | −23.3% |
| HDBHdfc Bank-adr | $41.2M | 3.0% | New |
| PAASPan Amer Silver | $26.8M | 2.0% | −48.0% |
| TGSTransport Ga-adr | $25.7M | 1.9% | +34.6% |
| INDAIshares Msci Ind | $10.9M | 0.8% | |
| KTKt Corp-adr | $4.0M | 0.3% | +144.4% |
| VISTVista Energy Sab | $2.6M | 0.2% | |
| JOYYJoyy Inc-adr | $2.6M | 0.2% | New |
| BABAAlibaba Grp-adr | $2.4M | 0.2% | −31.2% |
| HMYHarmony Gold-adr | $2.1M | 0.2% | +4.8% |
| PBRPetrobras Sa-adr | $2.1M | 0.2% | −42.1% |
| AXIAYAxia Energia-adr | $1.9M | 0.1% | +17.9% |
| Credicorp LtdCUSIP G2519Y108 | $1.7M | 0.1% | −36.5% |
| UMCUnited Micro-adr | $1.4M | 0.1% | −87.5% |
| LOMALoma Negra C-adr | $1.2M | 0.1% | −33.8% |
| TLKTelekomunika-adr | $944K | 0.1% | +2.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semic-adr | June 30, 2024 | +174.8% | $158.1M |
| YPFYpf Sa-adr | June 30, 2024 | +126.0% | $183.0M |
| LAURLaureate Educati | December 31, 2024 | +98.6% | $42.6M |
| Credicorp LtdCUSIP G2519Y108 | June 30, 2025 | +74.3% | $1.7M |
| PAASPan Amer Silver | June 30, 2025 | +57.7% | $26.8M |
| AXIAYAxia Energia-adr | March 31, 2025 | +48.7% | $1.9M |
| BABAAlibaba Grp-adr | June 30, 2024 | +33.3% | $2.4M |
| BIDUBaidu Inc-sp Adr | June 30, 2024 | +32.2% | $105.0M |
| KTKt Corp-adr | June 30, 2024 | +26.4% | $4.0M |
| PBRPetrobras Sa-adr | June 30, 2024 | +11.5% | $2.1M |
Sold off last quarter
- LTMLatam Airlines G was $2.0M
- AMXAmerica Movil Sa was $1.1M
- TSTenaris-adr was $1.1M
- Aura MineralsCUSIP G06973112 was $596K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.5% | +14.8% |
| March 31, 2026 | −2.4% | −4.6% |
| December 31, 2025 | +0.7% | +2.4% |
| September 30, 2025 | +25.5% | +7.8% |
| June 30, 2025 | −4.3% | +10.5% |
| March 31, 2025 | +15.4% | −4.6% |
| December 31, 2024 | −5.2% | +2.1% |
| September 30, 2024 | +19.7% | +5.4% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: North of South Capital LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2033334&type=13F-HR&dateb=&owner=include&count=40CIK 2033334
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2033334/000203333426000003/Filed July 30, 2026 · accession 0002033334-26-000003