Q4 2025 · 13F-HR
Cape Ann Asset Management Ltdholdings as filed
Filed 2026-02-13 · accession 0000929638-26-000610
$367.6M
Reported value
10
Positions
2025-12-31
Period end
The Brief · Cape Ann Asset Management Ltd · Q4 2025
AI · grounded in 13F
Cape Ann Asset Management Ltd closed its position in QFIN, reducing its exposure by $14.69M. The fund increased its stake in ERO by 65.93%, while also accumulating shares in TX by 20.53% and VIST by 18.21%. Additionally, the fund trimmed its holding in LAUR by 20.08%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 496902404 | KGC | KINROSS GOLD CORP | $99.6M | 27.1% | 3,538,238 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $48.6M | 13.2% | 1,717,643 | Common | SOLE |
| 05961W105 | BMA | BANCO MACRO SA | $41.9M | 11.4% | 465,016 | Common | SOLE |
| 880890108 | TX | TERNIUM SA | $40.8M | 11.1% | 1,068,649 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $33.6M | 9.13% | 689,900 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $31.7M | 8.62% | 110,397 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $26.5M | 7.21% | 219,800 | Common | SOLE |
| 518613203 | LAUR | LAUREATE EDUCATION INC | $24.7M | 6.73% | 734,900 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $13.7M | 3.72% | 175,100 | Common | SOLE |
| 71654V101 | PBR/A | PETROLEO BRASILEIRO SA PETRO | $6.5M | 1.76% | 574,311 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.