Carrhae Capital LLP: GDS HLDGS LTD (GDS): Quarterly 13F Position History
As of Q2 2026, Carrhae Capital LLP reported 3,300,419 shares of GDS HLDGS LTD (GDS), worth $99.1M and representing 6.5% of its 13F equity book. Quarter-over-quarter share count change: + 1,115,757 (+51.1%) . The position first appeared in Q3 2021 and has been disclosed across 16 13F-HR filings in Pactolio's tracked window.
- 3,300,419Shares Held (Latest Filing)
- $99.1MReported Market Value (Latest Filing)
- 6.5%Portfolio Weight (% of 13F Equity Book)
- +1,115,757Quarter-over-Quarter Share Change
- +$11.1MQuarter-over-Quarter Value Change
- 3,300,419Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 16 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 3,300,419 | +1,115,757 | +51.1% | $99.1M | 6.5% | $30.0 |
| Q1 2026 | 2,184,662 | +17,463 | +0.8% | $88.0M | 6.2% | $40.3 |
| Q4 2025 | 2,167,199 | +518,921 | +31.5% | $75.6M | 5.0% | $34.9 |
| Q3 2025 | 1,648,278 | +1,231,375 | +295.4% | $63.8M | 6.1% | $38.7 |
| Q2 2025 | 416,903 | +416,903 | — | $12.7M | 1.2% | $30.6 |
| Q1 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 259,164 | -100.0% | $0 | 0.0% | — |
| Q1 2022 | 259,164 | +259,164 | — | $10.2M | 4.6% | $39.3 |
| Q4 2021 | 0 | 334,228 | -100.0% | $0 | 0.0% | — |
| Q3 2021 | 334,228 | — | — | $18.9M | 16.1% | $56.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Carrhae Capital LLP first disclose a GDS position in 13F-HR filings?
Carrhae Capital LLP first reported GDS HLDGS LTD (GDS) on its 13F-HR filing for the period ending 2021-09-30 (Q3 2021). The position has appeared on 16 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in GDS?
Between Q1 2026 and Q2 2026, Carrhae Capital LLP added 1,115,757 shares of GDS (+51.1%), bringing the total reported position to 3,300,419 shares at a market value of $99.1M.
Does the implied price-per-share represent Carrhae Capital LLP's cost basis in GDS?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.