Tt International Asset Management Ltd: Significant Investor Activity Observed in Q2 2026

As of June 30th, 2026, Tt International Asset Management Ltd's portfolio showed a dynamic shift in holdings compared to the previous period. The fund manager demonstrated active trading behavior, both increasing positions significantly and reducing others.

Prominent Purchases This Quarter

Tt International Asset Management Ltd registered substantial buying activity across several sectors during this quarter. Notably, the company increased its stake in Credicorp Ltd (BAP) by a significant 121.5%, adding considerable weight to an existing position.

• The investment in Taiwan Semiconductor Manufacturing Co. (TSM) also saw strong growth, with shares increasing over 130%.
• ONTO Innovation Inc. experienced a nearly sevenfold increase in its shareholding volume.
• Petrobras SA (PBR), despite being outside the top holdings list by weight, showed positive buying momentum as did ASE Technology Holding Co. Ltd. (ASX) and Eldorado Gold Corp New (EGO).

These significant purchases suggest a strategic focus on growth potential within sectors like Technology, particularly in companies such as Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) and Eldorado Gold Corp New (EGO). The fund appears to be capitalizing on perceived opportunities in these areas.

Notable Sales and Reductions

In contrast, the investor also showed significant selling activity during Q2 2026. Several existing holdings saw substantial reductions or were completely exited from the portfolio.

• Icici Bank Ltd (IBN) experienced a dramatic decrease in its shareholding volume, down over 98% compared to the previous period.
• Itau Unibanco Hldg S A (ITUB), another major holding, saw its stake reduced by nearly 15%, indicating a shift away from this position.
• Vista Energy Sab de cv. (VIST) was completely sold out, representing an exit of over 98% reduction in the previous quarter.

Furthermore, while not detailed as top holdings by weight but still significant exits, Banco Macro S A (BMA) shares were reduced drastically by nearly 97%, and Cemex SA Euro MTN BE 144A (CX), a holding in the Basic Materials sector, was also sold out.

Overall Portfolio Context

The portfolio maintained its diversification across nine sectors as of June 30th. Technology remains a core focus with approximately 30% allocation, followed by Financial Services at nearly 27%, and Basic Materials around 19%. The remaining capital is distributed among various other sectors including Energy (PBR), Consumer Cyclical (BABA and VIST, though small), Utilities, Industrials, Consumer Defensive, and Communication Services.

The total portfolio value stood at approximately $779 million as of the reporting date. The investor holds 46 stocks in their portfolio, with the top five holdings accounting for about 61.8% of the total assets (or roughly $350 million).

Investment Strategy Insights

The observed changes indicate a proactive investment strategy focused on maximizing returns through concentrated buying and strategic selling.

• The fund's holdings increased significantly for several stocks, suggesting confidence in their future performance or undervaluation.
• Conversely, the large reductions point towards divesting from certain sectors or specific companies perceived differently now compared to the previous period.

This quarter saw both substantial buying and selling activities. The decision to sell holdings like Icici Bank Ltd (IBN) and Itau Unibanco Hldg S A (ITUB), which are major components of the Financial Services sector, highlights a significant shift in allocation. The fund also completely exited positions in Vista Energy (VIST) and Cemex bond (CX), while substantially reducing its stake in Banco Macro (BMA). These actions, combined with the large increases elsewhere, suggest a dynamic approach to portfolio management.

In Conclusion

Tt International Asset Management Ltd's Q2 2026 filing reveals an active trading stance. The fund significantly boosted its positions in several key holdings across Technology and Basic Materials sectors while simultaneously reducing stakes in major Financial Services companies like Icici Bank (IBN) and Itau Unibanco (ITUB). Additionally, the fund completely exited positions in smaller holdings like Vista Energy (VIST) and Banco Macro (BMA), while also selling out its position in Cemex bond (CX). For detailed analysis of Tt International Asset Management Ltd's holdings and their performance, visit their profile page.