Portfolio concentration
As of September 30, 2025 · N-PORT
Holdings
17
Top-10 weight
81.91%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
7
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
52.0
Holdings
As of September 30, 2025 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ZAR/USD FORWARD | N/A | 191,057,000 | $191.06M | 33.32% |
| 2 | Prosus NV EUR0.05 (N SHARES) | PRX NA | 527,853 | $37.33M | 6.51% |
| 3 | Canal+ S.A. | — | 11,089,477 | $36.67M | 6.40% |
| 4 | HDFC Bank Ltd. INR1 | HDFCBANK | 2,937,074 | $31.46M | 5.49% |
| 5 | Exor Nv EUR0.01 | EXXRF | 293,402 | $28.72M | 5.01% |
| 6 | GLANBIA PLC | — | 1,727,160 | $28.46M | 4.96% |
| 7 | JOLLIBEE FOODS | — | 7,630,170 | $28.01M | 4.89% |
| 8 | Koninklijke Philips NV EUR0.20 | PHIA | 901,105 | $24.68M | 4.31% |
| 9 | Gruma S.A.B.de C.V. SER'B' NPV | GRUMAB MM | 1,287,044 | $23.96M | 4.18% |
| 10 | IDP Education Ltd. | — | 5,446,947 | $23.67M | 4.13% |
| 11 | H World Group Ltd. SPONSORED ADS | HTHT US | 588,001 | $23.00M | 4.01% |
| 12 | Delivery Hero SE NPV | DLVHF | 792,773 | $22.76M | 3.97% |
| 13 | Allfunds Group Plc EUR0.0025 | ALLFG | 2,857,727 | $21.33M | 3.72% |
| 14 | Medley Inc. NPV | MDLYF | 831,500 | $13.69M | 2.39% |
| 15 | KANSAI PAINT | — | 714,700 | $11.65M | 2.03% |
| 16 | Menicon Company Ltd. | — | 550,400 | $4.24M | 0.74% |
| 17 | H World Group Ltd. USD0.00001 | HWLDF | 905,200 | $3.57M | 0.62% |
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