PICEX Holdings List

As of Mar 31, 2025

No.	Symbol	Name	% Weight	Shares
1	HDB	HDFC Bank Limited	7.09%	559,448
2	TPE: 2330	Taiwan Semiconductor Manufacturing Company Limited	5.88%	1,093,414
3	MELI	MercadoLibre, Inc.	5.55%	14,917
4	HKG: 1299	AIA Group Limited	4.82%	3,334,677
5	HKG: 0700	Tencent Holdings Limited	4.76%	390,265
6	INFY	Infosys Limited	4.41%	1,265,331
7	UL	Unilever PLC	4.14%	364,151
8	NSE: BAJFINANCE	Bajaj Finance Limited	4.05%	203,915
9	BMV: WALMEX	Wal-Mart de México, S.A.B. de C.V.	3.91%	7,416,427
10	XP	XP Inc.	3.91%	1,489,704
11	TYO: 9983	Fast Retailing Co., Ltd.	3.85%	67,850
12	FMX	Fomento Económico Mexicano, S.A.B. de C.V.	3.73%	200,169
13	KRX: 035420	NAVER Corporation	3.72%	149,055
14	CPALL.F.BK	CP All PCL	3.55%	12,708,819
15	TME	Tencent Music Entertainment Group	3.52%	1,280,110
16	IDX: BBCA	PT Bank Central Asia Tbk	3.35%	34,404,416
17	BVMF: TOTS3	TOTVS S.A.	3.34%	2,976,313
18	YUMC	Yum China Holdings, Inc.	3.09%	309,990
19	JSE: SLM	Sanlam Limited	2.96%	3,429,542
20	EPA: OR	L'Oréal S.A.	2.88%	40,636
21	NSE: TCS	Tata Consultancy Services Limited	2.73%	339,817
22	HKG: 1179	H World Group Limited	2.73%	3,853,852
23	BVMF: RADL3	Raia Drogasil S.A.	2.63%	4,115,953
24	GRAB	Grab Holdings Limited	2.49%	2,878,274
25	HKG: 1876	Budweiser Brewing Company APAC Limited	2.22%	9,648,448
26	BABA	Alibaba Group Holding Limited	1.95%	77,339
27	KRX: 035720	Kakao Corp.	1.91%	375,894
28	n/a	Us Dollar	0.60%	3,137,189
29	n/a	Cash	0.22%	1,168,459

As of Mar 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	99.18%
Cash	0.82%