Cape Ann Asset Management Ltd

CIK 1768237 · View on SEC EDGAR ↗

Portfolio value
$434.4M
#4,155 of 9,443 by 13F value · top 44.0%
Positions
12
As of
June 30, 2026

Portfolio value QoQ: -1.3% 13F does not disclose cash

Top 10 holdings weight
98.12%
Top 25 holdings weight
100.00%
Positions above 1%
11
Effective number of positions
8.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 8.54% Est. buys $48,231,034 · sells $37,370,316

Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 85.7% still held

New positions
1
Increased
3
Decreased
8
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+84.1%
S&P 500 total return (same window)
+28.1%
Excess return
+56.0%

Annualized: +50.4% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.6% · Options excluded: 0.0%

Sector breakdown

Materials
48.2%
Financials
18.6%
Energy
14.4%
Communication Services
8.5%
Industrials
5.1%
Financial Services
3.3%
Diversified Consumer Services
0.1%
Other/Unmapped
1.8%

Full portfolio 12 positions

Type Streak 8Q trend
KGC Kinross Gold Corporation Common Stock $82,913,617 19.09% 3,510,314 $-32,179,867 Down ×1
VIST Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value $62,504,413 14.39% 979,693 $-7,821,703 Up ×3
ERO Ero Copper Corp. Common Shares $54,936,609 12.65% 2,053,705 $2,953,365 Up ×3
TX Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) $42,547,305 9.79% 996,424 $-325,307 Down ×2
BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) $40,732,008 9.38% 439,918 $4,297,856 Down ×1
BAP Credicorp Ltd. Common Stock $40,167,646 9.25% 103,105 $2,738,115 Down ×2
TME Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares $36,958,236 8.51% 4,426,136 Up ×1
EGO Eldorado Gold Corporation Ordinary Shares $29,009,022 6.68% 933,066 $2,964,430 Up ×1
CPA Copa Holdings, S.A. Class A Common Stock $22,286,336 5.13% 143,256 $4,875,831 Down ×2
KSPI Joint Stock Company Kaspi.kz - American Depository Shares $14,198,563 3.27% 163,880 $1,198,389 Down ×1
PBRA $7,918,966 1.82% 540,913 $-3,233,778 Down ×1
LAUR Laureate Education, Inc. - Common Stock $241,056 0.06% 6,637 $-18,329,430 Down ×6

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
VIST $62,504,413 14.39% up ×3
ERO $54,936,609 12.65% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
TME $36,958,236 4,426,136 8.51%

Top movers (QoQ)

Security Action Shares Δ Value Δ
KGC Trimmed -261K -$32.2M
VIST Bought more +48K -$7.8M
CPA Trimmed -10K +$4.9M
BMA Trimmed -31K +$4.3M
PBRA Trimmed -54K -$3.2M
EGO Bought more +174K +$3.0M
ERO Bought more +105K +$3.0M
BAP Trimmed -7K +$2.7M
KSPI Trimmed -12K +$1.2M
TX Trimmed -71K -$325K

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
QFIN Dec. 31, 2025 510,700 $14,697,946 -40.5%
JOYY March 31, 2025 254,436 $10,648,147 75.5%