Carrhae Capital LLP — ICICI BANK LIMITED IBN: Quarterly 13F Position History
Carrhae Capital LLP has reported ICICI BANK LIMITED (IBN) on 27 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2018. As of Q1 2026, the position is sized at 5,039,743 shares ($130.5M market value, 9.21% of the equity book). Quarter-over-quarter share count change: + 3,046,977 (+152.9%) .
- 5,039,743Shares Held (Latest Filing)
- $130.5MReported Market Value (Latest Filing)
- 9.21%Portfolio Weight (% of 13F Equity Book)
- +3,046,977Quarter-over-Quarter Share Change
- +$71.1MQuarter-over-Quarter Value Change
- 5,039,743Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 27 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 5,039,743 | +3,046,977 | +152.9% | $130.5M | 9.21% | $25.90 |
| Q4 2025 | 1,992,766 | 2,009,787 | -50.2% | $59.4M | 3.96% | $29.80 |
| Q3 2025 | 4,002,553 | +4,002,553 | — | $121.0M | 11.49% | $30.23 |
| Q2 2025 | 0 | 2,581,585 | -100.0% | $0 | 0.00% | — |
| Q1 2025 | 2,581,585 | +830,538 | +47.4% | $81.4M | 9.46% | $31.52 |
| Q4 2024 | 1,751,047 | 58,295 | -3.2% | $52.3M | 6.18% | $29.86 |
| Q3 2023 | 1,809,342 | +679,555 | +60.1% | $41.8M | 14.38% | $23.12 |
| Q2 2023 | 1,129,787 | 573,503 | -33.7% | $26.1M | 11.52% | $23.08 |
| Q1 2023 | 1,703,290 | +700,873 | +69.9% | $36.8M | 11.68% | $21.58 |
| Q4 2022 | 1,002,417 | +69,218 | +7.4% | $21.9M | 7.00% | $21.89 |
| Q3 2022 | 933,199 | 40,802 | -4.2% | $19.6M | 14.28% | $20.97 |
| Q2 2022 | 974,001 | +83,119 | +9.3% | $17.3M | 14.63% | $17.74 |
| Q1 2022 | 890,882 | +45,654 | +5.4% | $16.9M | 7.70% | $18.94 |
| Q4 2021 | 845,228 | +508,099 | +150.7% | $16.7M | 11.48% | $19.79 |
| Q3 2021 | 337,129 | +172,676 | +105.0% | $6.4M | 5.40% | $18.87 |
| Q2 2021 | 164,453 | +164,453 | — | $2.8M | 1.28% | $17.10 |
| Q1 2021 | 0 | 1,050,462 | -100.0% | $0 | 0.00% | — |
| Q4 2020 | 1,050,462 | +176,213 | +20.2% | $15.6M | 13.70% | $14.86 |
| Q3 2020 | 874,249 | +299,064 | +52.0% | $8.6M | 5.55% | $9.83 |
| Q2 2020 | 575,185 | +196,795 | +52.0% | $5.3M | 3.41% | $9.29 |
| Q1 2020 | 378,390 | 1,285,826 | -77.3% | $3.2M | 2.60% | $8.50 |
| Q4 2019 | 1,664,216 | 425,318 | -20.4% | $25.1M | 15.16% | $15.09 |
| Q3 2019 | 2,089,534 | +561,492 | +36.7% | $25.5M | 16.69% | $12.18 |
| Q2 2019 | 1,528,042 | 1,430,775 | -48.4% | $19.2M | 8.76% | $12.59 |
| Q1 2019 | 2,958,817 | 59,352 | -2.0% | $33.9M | 21.78% | $11.46 |
| Q4 2018 | 3,018,169 | +339,920 | +12.7% | $31.1M | 16.53% | $10.29 |
| Q3 2018 | 2,678,249 | — | — | $22.7M | 15.81% | $8.49 |
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 LIMITED (IBN) on its 13F-HR filing for the period ending 2018-09-30 (Q3 2018). The position has appeared on 27 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in IBN?
Between Q4 2025 and Q1 2026, Carrhae Capital LLP added 3,046,977 shares of IBN (+152.9%), bringing the total reported position to 5,039,743 shares at a market value of $130.5M.
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.