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North of South Capital LLP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 2033334
Institutional-grade research for retail investors

Sector Allocation

  • Technology32.2%$437.4M
  • Financials21.8%$295.8M
  • Consumer Discretionary20.4%$277.5M
  • Energy15.7%$213.4M
  • Industrials6.3%$85.5M
  • Materials2.3%$31.1M
  • Other0.8%$10.9M
  • Communication Services0.4%$5.2M
  • Utilities0.1%$1.9M

AUM History

13fpro.ai/research/fund/north-of-south-capital-llp-2033334

Conviction and streaks

Diversifying · top 10 = 90.5%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

IBN$IBNConviction hold18.6% weight · held 7 quartersYPF$YPFConviction hold13.5% weight · held 7 quartersJD$JDConviction hold12.5% weight · held 7 quartersTSM$TSMConviction hold11.6% weight · held 7 quartersYMM$YMMConviction hold7.7% weight · held 7 quartersYPF$YPFAccumulating+225% shares · 6 quarters runningJD$JDAccumulating+130% shares · 6 quarters runningYMM$YMMAccumulating+127% shares · 6 quarters runningIBN$IBNAccumulating+16922% shares · 5 quarters runningBIDU$BIDUAccumulating+121% shares · 3 quarters runningTSM$TSMTrimming-28% shares · 3 quarters runningLAUR$LAURTrimming-27% shares · 3 quarters runningPAAS$PAASTrimming-80% shares · 3 quarters runningPBR$PBRTrimming-54% shares · 3 quarters runningBABA$BABATrimming-37% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/north-of-south-capital-llp-2033334

North of South Capital LLP 13F holdings — Q2 2026

$1.4B portfolio (+22.1% QoQ) · 28 holdings · Q2 2026 13F · top 10 are 91% of the stock portfolio

All holdings — North of South Capital LLP (Q2 2026)

28 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
HDB$HDBHDFC BANK LTDadr$41.2MNew
PAAS$PAASPAN AMERICAN SILVER CORP$26.8M-48%
TGS$TGSGAS TRANSPORTER OF THE SOUTH INCadr$25.7M+35%
— ISHARES MSCI IND - MSCI INDIA ETFetf/fund$10.9M—
KT$KTKT CORPadr$4.0M+144%
VIST$VISTVista Energy, S.A.B. de C.V.adr$2.6M-0.2%
JOYY$JOYYJOYY Inc.adr$2.6MNew
BABA$BABAAlibaba Group Holding Ltdadr$2.4M-31%
HMY$HMYHARMONY GOLD MINING CO LTDadr$2.1M+5%
PBR$PBRPETROBRAS - PETROLEO BRASILEIRO SAadr$2.1M-42%
AXIA$AXIAAXIA Energia S.A.adr$1.9M+18%
BAP$BAPCREDICORP LTD$1.7M-37%
UMC$UMCUNITED MICROELECTRONICS CORPadr$1.4M-87%
LOMA$LOMALoma Negra Compania Industrial Argentina Sociedad Anonimaadr$1.2M-34%
TLK$TLKPERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBKadr$944K+2%

What changed in Q2 2026

Against the previous quarter's 13F: 3 new, 11 added to, 10 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.

New positions (3)

  • YUMC$YUMCYum China Holdings, Inc.$62.8M

    first bought this quarter

  • HDB$HDBHDFC BANK LTD$41.2M

    first bought this quarter

  • JOYY$JOYYJOYY Inc.$2.6M

    first bought this quarter

Added to (11)

  • JD$JDJD.com, Inc.+51%

    now $169.7M · held 7+ qtrs, 6 adds in a row

  • KSPI$KSPIJoint Stock Co Kaspi.kz+73%

    now $85.5M · held 3 qtrs, 3 adds in a row

  • YPF$YPFYPF SOCIEDAD ANONIMA+14%

    now $183.0M · held 7+ qtrs, 6 adds in a row

  • BIDU$BIDUBaidu, Inc.+24%

    now $105.0M · held 7+ qtrs, 3 adds in a row

  • YMM$YMMFull Truck Alliance Co. Ltd.+16%

    now $105.0M · held 7+ qtrs, 6 adds in a row

  • IBN$IBNICICI BANK LTD+3%

    now $252.3M · held 7+ qtrs, 5 adds in a row

+5 more in the Excel export

Trimmed (10)

  • TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD-19%

    now $158.1M · held 7+ qtrs, 2 trims in a row

  • PAAS$PAASPAN AMERICAN SILVER CORP-48%

    now $26.8M · held 5 qtrs, 3 trims in a row

  • LAUR$LAURLAUREATE EDUCATION, INC.-23%

    now $42.6M · held 7+ qtrs

  • UMC$UMCUNITED MICROELECTRONICS CORP-87%

    now $1.4M · held 4 qtrs

  • ATHM$ATHMAutohome Inc.-7%

    now $65.2M · held 7+ qtrs

  • PBR$PBRPETROBRAS - PETROLEO BRASILEIRO SA-42%

    now $2.1M · held 7+ qtrs, 3 trims in a row

+4 more in the Excel export

Sold out (4)

  • LTM$LTMLATAM AIRLINES GROUP S.A.was $2.0M

    held 2 qtrs

  • AMX$AMXAMERICA MOVIL SAB DE CV/was $1.1M

    held 1 qtr

  • TS$TSTENARIS SAwas $1.1M

    held 1 qtr

  • AUGO$AUGOAura Minerals Inc.was $596K

    held 3 qtrs

Firm AUM (Form ADV): $6.7B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F North of South Capital LLP has filed, 8 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Jul 30, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of North of South Capital LLP's top 20 holdings: 46/100 (our AI quality score, weighted by position size; 4 of the 20 are scored)

Top 10 since filing

-7.9%

Value-weighted move of the 10 largest stock positions

Turnover

8%

Last quarter; 63% over the last 4

Top 10 weight

91%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

83%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 5 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

North of South Capital LLP disclosed 28 positions worth $1.4B in its Form 13F-HR for Q2 2026, led by $IBN (ICICI BANK LTD) at 18.6% of the equity portfolio, followed by $YPF and $JD. During the quarter the fund opened 3 new positions and exited 4 — including a new stake in $YUMC and a full exit from $LTM. The portfolio is most concentrated in Technology (32.2% of disclosed assets). All figures are sourced directly from North of South Capital LLP’s Form 13F-HR filing with the SEC under CIK 2033334.

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AI-Powered Hedge Fund Analysis: North of South Capital LLP

13F Pro is an AI hedge fund tracker and stock research platform. For North of South Capital LLP (SEC CIK: 2033334), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in North of South Capital LLP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.