Institutional Manager · CIK 0001768237
Cape Ann Asset Management Ltd
LONDON, X0 · File #028-19837
Latest AUM
$367.6M
Positions
10
Top-10 Concentration
100.0%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ERO COPPER CORP | ERO | +682,500 | +$19.3M | +$8.3M |
| EXITED | QFIN HOLDINGS INC | 88557W101 | -510,700 | -$14.7M | $0 |
| ADD | TERNIUM SA | TX | +182,000 | +$7.0M | +$3.1M |
| REDUCE | LAUREATE EDUCATION INC | LAUR | -184,600 | -$6.2M | +$2.0M |
| ADD | VISTA ENERGY S.A.B. DE C.V. | VSOGF | +106,300 | +$5.2M | +$8.3M |
| ADD | PETROLEO BRASILEIRO SA PETRO | 71654V101 | +119,700 | +$1.3M | -$250,036 |
| ADD | KINROSS GOLD CORP | KGCRF | +30,300 | +$853,248 | +$11.6M |
| ADD | BANCO MACRO SA | 05961W105 | +3,800 | +$342,608 | +$22.1M |
| ADD | CREDICORP LTD | BAP | +900 | +$258,300 | +$2.3M |
| ADD | COPA HOLDINGS SA | CPA | +1,800 | +$217,098 | +$390,220 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202510 pos · $367.6M
- 13F HOLDINGS REPORTQ/E Sep 202511 pos · $296.8M
- 13F HOLDINGS REPORTQ/E Jun 20259 pos · $233.5M
- 13F HOLDINGS REPORT (Amended)Q/E Mar 20257 pos · $162.8M
- 13F HOLDINGS REPORTQ/E Mar 20255 pos · $112.3M
- 13F HOLDINGS REPORTQ/E Dec 20248 pos · $158.7M
- 13F HOLDINGS REPORTQ/E Sep 20246 pos · $146.1M
- 13F HOLDINGS REPORTQ/E Jun 20246 pos · $116.5M
- 13F HOLDINGS REPORTQ/E Mar 20245 pos · $112.3M
- 13F HOLDINGS REPORTQ/E Dec 20236 pos · $104.9M
Top 10 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | KINROSS GOLD CORP | KGCRF | 3,538,238 | $99.6M | 27.10% |
| 2 | ERO COPPER CORP | ERO | 1,717,643 | $48.6M | 13.22% |
| 3 | BANCO MACRO SA | 05961W105 | 465,016 | $41.9M | 11.40% |
| 4 | TERNIUM SA | TX | 1,068,649 | $40.8M | 11.10% |
| 5 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 689,900 | $33.6M | 9.13% |
| 6 | CREDICORP LTD | BAP | 110,397 | $31.7M | 8.62% |
| 7 | COPA HOLDINGS SA | CPA | 219,800 | $26.5M | 7.21% |
| 8 | LAUREATE EDUCATION INC | LAUR | 734,900 | $24.7M | 6.73% |
| 9 | KASPI KZ JSC | 48581R205 | 175,100 | $13.7M | 3.72% |
| 10 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 574,311 | $6.5M | 1.76% |