Baring Fintech Fund III Managers Ltd

Baring Fintech Fund III Managers Ltd is a diversified fundamental manager, specialised in services_media (100% of the long book), running a $893.4M US long book across 1 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: JSC KASPI.KZ ADR.

Over the last 6 quarters its long book ran on average 4.6pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.