North of South Capital LLP

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
10/27/2025
Form type
13F-HR
Num holdings
23
Total value ($000)
$1,040,591
Net value change ($000)
+89,451 (9.4%)
New positions
4
Sold out positions
2
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/8/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PAAS 100,536 642.2%
IBN 87,275 822.0%
YMM 43,984 47.0%
TSM 26,530 26.3%
VIPS 17,388 35.8%
LAUR 13,716 37.2%
VLRS 12,906 54.7%
JD 12,753 9.8%
ATHM 8,343 14.7%
AUGO 3,088 NEW
Top Reduces (Value $000, Stocks/ETFs)
BABA -231,096 -97.4%
YPF -9,409 -19.3%
KT -3,339 -3.8%
TGS -958 -100.0%
BAP -780 -42.3%
TIGO -668 -33.7%
BBAR -244 -49.4%
EMBJ -137 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type