Carrhae Capital LLP — JBS N.V., CLASS A JBS: Quarterly 13F Position History
Carrhae Capital LLP has reported JBS N.V., CLASS A (JBS) on 3 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2025. As of Q1 2026, the position is sized at 2,546,345 shares ($45.7M market value, 3.23% of the equity book). Quarter-over-quarter share count change: 1,102,881 (-30.2%) .
- 2,546,345Shares Held (Latest Filing)
- $45.7MReported Market Value (Latest Filing)
- 3.23%Portfolio Weight (% of 13F Equity Book)
- 1,102,881Quarter-over-Quarter Share Change
- -$6.9MQuarter-over-Quarter Value Change
- 3,649,226Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 3 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,546,345 | 1,102,881 | -30.2% | $45.7M | 3.23% | $17.96 |
| Q4 2025 | 3,649,226 | +3,244,553 | +801.8% | $52.6M | 3.51% | $14.42 |
| Q3 2025 | 404,673 | — | — | $6.0M | 0.57% | $14.93 |
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 JBS position in 13F-HR filings?
Carrhae Capital LLP first reported JBS N.V., CLASS A (JBS) on its 13F-HR filing for the period ending 2025-09-30 (Q3 2025). The position has appeared on 3 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in JBS?
Between Q4 2025 and Q1 2026, Carrhae Capital LLP reduced its JBS position by 1,102,881 shares (-30.2%), leaving 2,546,345 shares at a market value of $45.7M.
Does the implied price-per-share represent Carrhae Capital LLP's cost basis in JBS?
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.