# Ashmore Group plc

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1512135. Source: https://holderbook.com/funds/1512135-ashmore-group-plc/

- Reported value: $16.3B
- Positions: 27
- Weight of the ten largest: 98.7%
- Filed: 2021-11-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $5.1B | 4,984,215 | 31.4% | 4 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $3.5B | 4,178,497 | 21.8% | 2 |
| ECOPETROL S A | [EC](https://holderbook.com/stocks/EC/) | $3.4B | 571,595 | 20.7% | 3 |
| BANCOLOMBIA S A | [CIBXXXX](https://holderbook.com/stocks/CIBXXXX/) | $3.2B | 1,174,813 | 19.8% | 12 |
| GRUPO AVAL ACCIONES Y VALORE | [AVAL](https://holderbook.com/stocks/AVAL/) | $552.6M | 325,000 | 3.4% | 1 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $89.7M | 4,787,220 | 0.6% | 12 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $59.2M | 15,629,510 | 0.4% | 12 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $49.4M | 684,135 | 0.3% | 6 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $45.2M | 3,240,748 | 0.3% | 12 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $36.8M | 430,513 | 0.2% | 7 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $33.4M | 1,529,202 | 0.2% | 5 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $31.9M | 847,597 | 0.2% | 7 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $26.2M | 360,725 | 0.2% | 12 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $21.1M | 142,182 | 0.1% | 12 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $19.7M | 188,945 | 0.1% | 12 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $19.3M | 344,259 | 0.1% | 7 |
| HUDBAY MINERALS INC | [HBM](https://holderbook.com/stocks/HBM/) | $15.6M | 2,500,000 | 0.1% | 4 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $14.9M | 9,096 | 0.1% | 2 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $6.3M | 780,250 | 0.0% | 5 |
| ANGLOGOLD ASHANTI LIMITED | [AUXXXX](https://holderbook.com/stocks/AUXXXX/) | $6.0M | 372,500 | 0.0% | 6 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $3.3M | 37,536 | 0.0% | 12 |
| HEADHUNTER GROUP PLC | [HHR](https://holderbook.com/stocks/HHR/) | $3.2M | 65,565 | 0.0% | 9 |
| BAOZUN INC | [BZUN](https://holderbook.com/stocks/BZUN/) | $2.5M | 140,815 | 0.0% | 2 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $1.9M | 65,985 | 0.0% | 2 |
| GERDAU SA | [GGB](https://holderbook.com/stocks/GGB/) | $1.5M | 296,514 | 0.0% | 3 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $1.2M | 24,700 | 0.0% | 12 |
| NOAH HLDGS LTD | [NOAH](https://holderbook.com/stocks/NOAH/) | $817.0K | 22,000 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2021 | -10.5% | +0.3% | -10.7% | 101% |
| Q2 2021 | +9.4% | +8.0% | +1.4% | 100% |
| Q1 2021 | +3.0% | +6.0% | -3.0% | 100% |
| Q4 2020 | +27.1% | +11.6% | +15.5% | 100% |
| Q3 2020 | +10.8% | +8.6% | +2.2% | 100% |
| Q2 2020 | +25.2% | +19.6% | +5.5% | 100% |
| Q1 2020 | -40.3% | -19.9% | -20.4% | 100% |
| Q4 2019 | +16.1% | +8.5% | +7.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $16.3B | 27 |
| Q2 2021 | $9.3B | 31 |
| Q1 2021 | $489.0M | 26 |
| Q4 2020 | $2.5B | 24 |
| Q3 2020 | $437.1M | 21 |
| Q2 2020 | $377.0M | 20 |
| Q1 2020 | $313.3M | 20 |
| Q4 2019 | $325.2M | 17 |
| Q3 2019 | $237.9M | 19 |
| Q2 2019 | $178.7M | 21 |
| Q1 2019 | $222.7M | 24 |
| Q4 2018 | $200.8M | 25 |