13F Insight
DOSSIER · 13F-HR · Q1 2026

Cape Ann Asset Management Ltd

$440M in tracked AUM across 11 positions as of Q1 2026.

CA
CIK 0001768237 · last filed Mar 31, 2026
Total AUM
$440M
as of Q1 2026
Holdings
11
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Comprehensive Analysis of Cape Ann Asset Management Ltd SEC 13F Filing

1. Portfolio Overview

Cape Ann Asset Management Ltd reported a significant contraction in portfolio value during the quarter ending September 30, 2025. The total assets under management (AUM) decreased by 44.8%, dropping from $233.47 million to $128.90 million. This reduction is attributed not only to potential market depreciation but also to a substantial reallocation of capital, evidenced by the exit fr...

The portfolio is currently highly concentrated, consisting of only 7 holdings. This indicates a "high conviction" investment strategy where the firm allocates substantial capital to a limited set of ideas rather than broad diversification. The top three holdings—Credicorp Ltd, Copa Holdings SA, and Vista Energy S.A.B.—account for 57.29% of the total portfolio value, suggesting a strong bias toward specific geographic or thematic plays rather than broad market exposure.

2. Key Holdings

The portfolio is dominated by Latin American and emerging market financial and industrial equities.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
KGC
KINROSS GOLD CORP
$115M3.8M26.1%02
VIST
VISTA ENERGY S.A.B. DE C.V.
$70M932K16.0%03
ERO
ERO COPPER CORP
$52M1.9M11.8%04
TX
TERNIUM SA
$43M1.1M9.7%05
G2519Y108
CREDICORP LTD
$37M110K8.5%06
BMA
BANCO MACRO SA
$36M471K8.3%07
EGO
ELDORADO GOLD CORP
$26M759K5.9%08
LAUR
LAUREATE EDUCATION INC
$19M533K4.2%09
P31076105
COPA HOLDINGS SA
$17M153K4.0%10
KSPI
KASPI KZ JSC
$13M176K3.0%

Filing history

2026Q1Mar 31
$440M▲ 19.8%
11 positionsView →2025Q4Dec 31
$368M▲ 185.2%
10 positionsView →2025Q3Sep 30
$129M▼ 44.8%
7 positionsView →2025Q2Jun 30
$233M▲ 230.4%
9 positionsLocked2025Q1Mar 31
$71M▼ 55.5%
4 positionsLocked2024Q4Dec 31
$159M▲ 8.6%
8 positionsLocked2024Q3Sep 30
$146M▲ 25.4%
6 positionsLocked2024Q2Jun 30
$117M▲ 3.7%
6 positionsLocked2024Q1Mar 31
$112M▲ 1.2%
5 positionsLocked2023Q4Dec 31
$111M▲ 5.7%
6 positionsLocked2023Q3Sep 30
$105M▼ 5.9%
6 positionsLocked2023Q2Jun 30
$112M▲ 4.1%
6 positionsLocked
Showing 12 of 26