Carrhae Capital LLP: ICICI BANK-ADR (IBN): Quarterly 13F Position History
As of Q2 2026, Carrhae Capital LLP reported 3,496,179 shares of ICICI BANK-ADR (IBN), worth $101.5M and representing 6.7% of its 13F equity book. Quarter-over-quarter share count change: 1,543,564 (-30.6%) . The position first appeared in Q3 2018 and has been disclosed across 28 13F-HR filings in Pactolio's tracked window.
- 3,496,179Shares Held (Latest Filing)
- $101.5MReported Market Value (Latest Filing)
- 6.7%Portfolio Weight (% of 13F Equity Book)
- 1,543,564Quarter-over-Quarter Share Change
- -$29.0MQuarter-over-Quarter Value Change
- 5,039,743Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 28 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 3,496,179 | 1,543,564 | -30.6% | $101.5M | 6.7% | $29.0 |
| Q1 2026 | 5,039,743 | +3,046,977 | +152.9% | $130.5M | 9.2% | $25.9 |
| Q4 2025 | 1,992,766 | 2,009,787 | -50.2% | $59.4M | 4.0% | $29.8 |
| Q3 2025 | 4,002,553 | +4,002,553 | — | $121.0M | 11.5% | $30.2 |
| Q2 2025 | 0 | 2,581,585 | -100.0% | $0 | 0.0% | — |
| Q1 2025 | 2,581,585 | +830,538 | +47.4% | $81.4M | 9.5% | $31.5 |
| Q4 2024 | 1,751,047 | 58,295 | -3.2% | $52.3M | 6.2% | $29.9 |
| Q3 2023 | 1,809,342 | +679,555 | +60.1% | $41.8M | 14.4% | $23.1 |
| Q2 2023 | 1,129,787 | 573,503 | -33.7% | $26.1M | 11.5% | $23.1 |
| Q1 2023 | 1,703,290 | +700,873 | +69.9% | $36.8M | 11.7% | $21.6 |
| Q4 2022 | 1,002,417 | +69,218 | +7.4% | $21.9M | 7.0% | $21.9 |
| Q3 2022 | 933,199 | 40,802 | -4.2% | $19.6M | 14.3% | $21.0 |
| Q2 2022 | 974,001 | +83,119 | +9.3% | $17.3M | 14.6% | $17.7 |
| Q1 2022 | 890,882 | +45,654 | +5.4% | $16.9M | 7.7% | $18.9 |
| Q4 2021 | 845,228 | +508,099 | +150.7% | $16.7M | 11.5% | $19.8 |
| Q3 2021 | 337,129 | +172,676 | +105.0% | $6.4M | 5.4% | $18.9 |
| Q2 2021 | 164,453 | +164,453 | — | $2.8M | 1.3% | $17.1 |
| Q1 2021 | 0 | 1,050,462 | -100.0% | $0 | 0.0% | — |
| Q4 2020 | 1,050,462 | +176,213 | +20.2% | $15.6M | 13.7% | $14.9 |
| Q3 2020 | 874,249 | +299,064 | +52.0% | $8.6M | 5.6% | $9.8 |
| Q2 2020 | 575,185 | +196,795 | +52.0% | $5.3M | 3.4% | $9.3 |
| Q1 2020 | 378,390 | 1,285,826 | -77.3% | $3.2M | 2.6% | $8.5 |
| Q4 2019 | 1,664,216 | 425,318 | -20.4% | $25.1M | 15.2% | $15.1 |
| Q3 2019 | 2,089,534 | +561,492 | +36.7% | $25.5M | 16.7% | $12.2 |
| Q2 2019 | 1,528,042 | 1,430,775 | -48.4% | $19.2M | 8.8% | $12.6 |
| Q1 2019 | 2,958,817 | 59,352 | -2.0% | $33.9M | 21.8% | $11.5 |
| Q4 2018 | 3,018,169 | +339,920 | +12.7% | $31.1M | 16.5% | $10.3 |
| Q3 2018 | 2,678,249 | — | — | $22.7M | 15.8% | $8.5 |
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 IBN position in 13F-HR filings?
Carrhae Capital LLP first reported ICICI BANK-ADR (IBN) on its 13F-HR filing for the period ending 2018-09-30 (Q3 2018). The position has appeared on 28 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in IBN?
Between Q1 2026 and Q2 2026, Carrhae Capital LLP reduced its IBN position by 1,543,564 shares (-30.6%), leaving 3,496,179 shares at a market value of $101.5M.
Does the implied price-per-share represent Carrhae Capital LLP's cost basis in IBN?
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.