Aubrey Capital Management Ltd

EDINBURGH, X0 · CIK 1730754 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 2017 · corporation

Assets managed$1.2bn
Staff26 · 9 in investment roles
Main clients (by assets)Private funds 56%, Pension plans 24%, High net worth individuals 20%
Private funds1 · $82.9m gross assets
Main officeEdinburgh, Mid Lothian
Form ADV · 2026-08-07SEC adviser record

Legal entityAUBREY CAPITAL MANAGEMENT LIMITED (GB)

$152.4m reported value -11.6% vs Q1 2023

50positions

62.3%in top 10

13 new 10 added 10 reduced 11 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MERCADOLIBRE INC COM MELI	MELI	13,408	$15.9m10.42%	10.42%	Added +1.3k	+1,308 10.8%
2	ICICI BANK LIMITED ADR IBN	IBN	670,570	$15.5m10.16%	10.16%	Added +45.2k	+45,170 7.2%
3	VIPSHOP HLDGS LTD SPONSORED ADS A VIPS	VIPS	742,930	$12.3m8.05%	8.05%	New
4	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	127,806	$10.7m6.99%	6.99%	Reduced -77.3k	-77,294 -37.7%
5	COCA-COLA FEMSA SAB DE CV SPONS ADS REP KOF	KOF	127,741	$10.6m6.98%	6.98%	Added +17.7k	+17,741 16.1%
6	NEW ORIENTAL ED & TECHNOLOGY SPON ADR EDU	EDU	253,056	$10.0m6.56%	6.56%	Reduced -50.7k	-50,744 -16.7%
7	SEA LTD SPONSORD ADS SE	SE	112,313	$6.5m4.28%	4.28%	Added +23.5k	+23,513 26.5%
8	DEXCOM INC COM DXCM	DXCM	44,460	$5.7m3.75%	3.75%	Reduced -3.8k	-3,800 -7.9%
9	AXON ENTERPRISE INC COM AXON	AXON	21,000	$4.1m2.69%	2.69%	Reduced -8.2k	-8,200 -28.1%
10	NOVANTA INC COM NOVT	NOVT	20,000	$3.7m2.42%	2.42%	Added +3.0k	+3,000 17.6%
11	HEICO CORP NEW COM HEI	HEI	20,500	$3.6m2.38%	2.38%	Reduced -3.7k	-3,700 -15.3%
12	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	55,000	$3.6m2.33%	2.33%	Unchanged
13	COMFORT SYS USA INC COM FIX	FIX	20,300	$3.3m2.19%	2.19%	New
14	DESCARTES SYS GROUP INC COM DSGX	DSGX	40,500	$3.2m2.13%	2.13%	Unchanged
15	AUTOZONE INC COM AZO	AZO	1,300	$3.2m2.13%	2.13%	Reduced -400	-400 -23.5%
16	POOL CORP COM POOL	POOL	8,200	$3.1m2.02%	2.02%	Reduced -1.6k	-1,600 -16.3%
17	DOXIMITY INC CL A DOCS	DOCS	84,688	$2.9m1.89%	1.89%	Added +11.1k	+11,100 15.1%
18	ADOBE INC COM ADBE	ADBE	5,800	$2.8m1.86%	1.86%	New
19	ZILLOW GROUP INC CL A ZG	ZG	52,523	$2.6m1.70%	1.70%	Added +46.2k	+46,223 733.7%
20	PROGRESSIVE CORP COM PGR	PGR	19,400	$2.6m1.69%	1.69%	Unchanged
21	NVIDIA CORPORATION COM NVDA	NVDA	5,800	$2.5m1.61%	1.61%	New
22	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	63,000	$2.4m1.59%	1.59%	New
23	FIRSTSERVICE CORP NEW COM FSV	FSV	15,400	$2.4m1.56%	1.56%	New
24	TESLA INC COM TSLA	TSLA	8,500	$2.2m1.46%	1.46%	New
25	AEROVIRONMENT INC COM AVAV	AVAV	20,000	$2.0m1.34%	1.34%	New
26	WOLFSPEED INC COM WOLF	WOLF	30,200	$1.7m1.10%	1.10%	Unchanged
27	BIOPHARMA CREDIT PLC COM BOPCF	BOPCF	1,332,354	$1.2m0.78%	0.78%	Reduced -578.0k	-578,049 -30.3%
28	PERSHING SQUARE TONTINE HLDG COM CL A PSTH	PSTH	33,039	$1.2m0.77%	0.77%	Unchanged
29	ROYAL GOLD INC COM RGLD	RGLD	9,400	$1.1m0.70%	0.70%	Unchanged
30	NEW FORTRESS ENERGY INC COM CL A COM CL A		35,934	$959.0k0.63%	0.63%	Reduced -5.4k	-5,400 -13.1%
31	NAC Kazatomprom JSC COM NATKY	NATKY	33,000	$892.9k0.59%	0.59%	Unchanged
32	CAMECO CORP COM CCJ	CCJ	22,000	$680.5k0.45%	0.45%	New
33	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	1,500	$611.3k0.40%	0.40%	Unchanged
34	HDFC BANK LTD SPONSORED ADS HDB	HDB	8,524	$594.1k0.39%	0.39%	Added +2.0k	+2,000 30.7%
35	PTC INC COM PTC	PTC	4,076	$580.0k0.38%	0.38%	Unchanged
36	UNITED RENTALS INC COM URI	URI	1,216	$541.6k0.36%	0.36%	Unchanged
37	GERDAU SA SPON ADR REP PFD GGB	GGB	100,059	$520.9k0.34%	0.34%	Added +4.2k	+4,203 4.4%
38	HERC HLDGS INC COM HRI	HRI	3,800	$517.0k0.34%	0.34%	New
39	GREEN PLAINS INC COM GPRE	GPRE	13,105	$422.5k0.28%	0.28%	Unchanged
40	HALOZYME THERAPEUTICS INC COM HALO	HALO	11,199	$403.9k0.27%	0.27%	Unchanged
41	COGNEX CORP COM CGNX	CGNX	7,150	$400.5k0.26%	0.26%	Unchanged
42	CVS HEALTH CORP COM CVS	CVS	5,546	$381.7k0.25%	0.25%	New
43	AUTODESK INC COM ADSK	ADSK	1,800	$368.3k0.24%	0.24%	Unchanged
44	LI AUTO INC SPONSORED ADS LI	LI	10,000	$350.9k0.23%	0.23%	New
45	TRIP COM GROUP LTD ADS TCOM	TCOM	10,000	$349.9k0.23%	0.23%	New
46	NOVA LTD COM NVMI	NVMI	2,900	$340.2k0.22%	0.22%	Unchanged
47	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	43,000	$267.2k0.18%	0.18%	Added +18.0k	+18,000 72.0%
48	JAZZ PHARMACEUTICALS PLC SHS USD JAZZ	JAZZ	1,847	$229.0k0.15%	0.15%	Unchanged
49	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	3,300	$228.1k0.15%	0.15%	Reduced -163.4k	-163,400 -98.0%
50	ETSY INC COM ETSY	ETSY	1,724	$217.8k0.14%	0.14%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
SITIME CORP SITM	SITM	38,600	$5.5m38.6k shares
ULTA BEAUTY INC ULTA	ULTA	9,000	$4.9m9.0k shares
OLD DOMINION FREIGHT LINE IN ODFL	ODFL	13,500	$4.6m13.5k shares
STAAR SURGICAL CO STAA	STAA	62,400	$4.0m62.4k shares
TRACTOR SUPPLY CO TSCO	TSCO	14,700	$3.5m14.7k shares
JOHNSON CTLS INTL PLC JCI	JCI	55,000	$3.3m55.0k shares
SPROUT SOCIAL INC SPT	SPT	42,000	$2.6m42.0k shares
ROYALTY PHARMA PLC		24,500	$888.4k24.5k shares
VERINT SYS INC VRNT	VRNT	6,772	$252.2k6.8k shares
PACIRA BIOSCIENCES INC PCRX	PCRX	5,651	$230.6k5.7k shares
NEBIUS GROUP N.V. NBIS	NBIS	4,000	$75.8k4.0k shares