Somerset Capital Management LLP Q3 2022 vs. Q4 2022 13F Holdings Comparison

In the world of finance, tracking the holdings of a fund is crucial to understanding the investment strategy and performance of that fund. Somerset Capital Management LLP, a London-based investment advisor, has recently filed their Q3 2022 and Q4 2022 13F holdings report. Let's take a closer look at the changes in their holdings and what it may mean for their investors.

First on the list is Yum China Holdings Inc, a leading Chinese restaurant company, which saw Somerset increase their holdings by 10,368 shares or 0.32%. This increase may indicate that Somerset believes in the long-term growth potential of Yum China and its ability to overcome current market challenges.

Next up is ICICI Bank ADR, which had a more significant increase of 81,394 shares or 1.04%. Somerset's continued investment in this Indian bank may be a sign of their confidence in the Indian economy, which is expected to grow at an impressive rate of 7.5% in 2022.

Infosys Limited ADR, another Indian company, also saw an increase in holdings by 16,043 shares or 0.25%. As a leading global consulting and IT services firm, Infosys has shown resilience in the face of pandemic-related challenges, which may have encouraged Somerset to increase their holdings.

Freeport-McMoRan Inc, a US-based mining company, had the largest increase in holdings among Somerset's top 10 holdings, with an additional 56,862 shares or 3.47%. This increase may be driven by the ongoing demand for copper and other metals in the construction and technology industries.

On the other end of the spectrum, we have Sea Ltd, a Singaporean internet company, which saw a decrease in holdings by 35,149 shares or 0.44%. Despite this decrease, Sea Ltd still remains one of Somerset's top holdings, which suggests that they still have confidence in the company's ability to deliver long-term growth.

Globant, an Argentinean IT and software development company, had a small decrease in holdings by 1,910 shares or 1.72%. While this may not be a significant change, it is worth keeping an eye on how Somerset's position in Globant evolves in the coming quarters.

KB Financial Group Inc-Adr, a South Korean financial services company, saw no change in holdings by Somerset. However, this company is still among Somerset's top holdings, which may indicate that they see potential for long-term growth in the South Korean economy.

Copa Holdings, a Panamanian airline holding company, saw a decrease in holdings by 4,900 shares or 11.4%. This decrease may be driven by the ongoing challenges in the airline industry due to the pandemic.

Finally, we have HeadHunter Group PLC and Yandex Nv-A, two Russian companies, which saw no change in holdings by Somerset. While these companies are not among Somerset's top holdings, their presence in the portfolio may indicate a diversification strategy by Somerset for exposure to Russia's growing technology and recruitment industries.

In conclusion, Somerset Capital Management LLP's Q3 2022 and Q4 2022 13F holdings report shows interesting changes in their portfolio. While some increases in holdings may suggest confidence in the long-term growth potential of certain companies and economies, decreases in holdings may reflect ongoing industry challenges. As always, it is crucial for investors to perform their own due diligence and consider all available information before making investment decisions.