Carrhae Capital 13F: Cuts Sea (SE) Stake by $23M

Carrhae Capital reduced its stake in Sea Limited by 231,190 shares, bringing its total holding down to 1,234,958 shares. According to a Form 13F filing with the Securities and Exchange Commission on October 20, 2026, the remaining position carried a value of about $120.2 million. That adjustment marked a 15.8% decrease from the previous quarter's holdings.

SE Sea Limited

$80.43 ▼ -38.83% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Carrhae Capital's Sea Limited Position

The fund held 1,466,148 shares of the internet retailer prior to the filing. Dropping 231,190 shares reduced the overall size of the investment significantly, though the firm still maintains a million-share stake in the business.

Other Institutional Activity in Sea Limited

Other large funds made notable adjustments to their own positions in the internet retailer around the same time. Tiger Global Management, LLC reduced its holdings by 2,856,525 shares, ending with 12,559,152 shares worth about $1.01 billion. WCM Investment Management, LLC grew its holdings by 134,985 shares, ending with 33,881,192 shares worth about $2.73 billion. BAILLIE GIFFORD & CO cut 1,245,153 shares to finish with 38,409,385 shares valued at about $3.09 billion. Ninety One North America opened a new block with 99,981 shares worth about $9.73 million, and Euro Pacific Asset Management added 22,177 shares to hold 22,177 shares worth about $2.52 million.

Sea Limited Stock Down 9.1%

Sea Limited closed at $80.43 on October 20, 2026. The stock recently traded around $80.43 as of October 21, 2026, which is about equal to its event close. The shares sit well below their 52-week high of $171.09 and not far above their 52-week low of $77.05.

Recent Earnings

Sea Limited posted trailing twelve-month revenue of $27.7 billion and an EPS of $2.59. The company operates digital entertainment, e-commerce, and financial services across multiple international markets.

Insider Buying and Selling at Sea Limited

Company insiders executed several routine sales prior to the filing under pre-arranged plans.

Analysts Set New Price Targets

Wall Street research firms maintained various stances on the stock, with firms like Barclays and Benchmark issuing updates ahead of the reporting period.

About Sea Limited

Sea Limited operates as a technology platform focusing on e-commerce, digital financial services, and digital entertainment. Through units like Garena, the company delivers online games and eSports operations across Southeast Asia, Latin America, and other global markets.

Bottom Line

Market participants will watch for Sea Limited's upcoming financial updates and further institutional filings to see how large asset managers adjust their positions next.