Cape Ann Asset Management Ltd reported 11 positions worth $405.40M for the quarter ended Jun 30, 2026, down 2.1% on the prior quarter. It opened 1 new position, added to 2, trimmed 8 and exited 0. Its largest holding is Kinross Gold Corp at 20.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| LAUR Laureate Education, Inc. | -526.4K | -98.8% | $19.12M | 0.059% |
| KGC Kinross Gold Corp | -260.8K | -6.9% | $6.16M | 20.45% |
| TX Ternium S.A. | -71.4K | -6.7% | $3.05M | 10.5% |
| BMA Macro Bank Inc. | -31.0K | -6.6% | $2.87M | 10.05% |
| BAP Credicorp Ltd | -7,248 | -6.6% | $2.82M | 9.91% |
| CPA Copa Holdings, S.A. | -9,992 | -6.5% | $1.55M | 5.5% |
| KSPI Joint Stock Co Kaspi.kz | -11.6K | -6.6% | $1.01M | 3.5% |
| PBR-A Petrobras - Petroleo Brasileiro Sa | -53.9K | -9.1% | $789.10K | 1.95% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| TME Tencent Music Entertainment Group | +4.43M | $36.96M | 9.12% |
No positions were closed this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | KGC Kinross Gold Corp | Basic Materials | 3.51M | $82.91M | 20.45% | -260.8K | -6.9% | Reduced | 0.29% |
| 2 | VIST Vista Energy, S.A.B. de C.V. | Energy | 979.7K | $62.50M | 15.42% | +47.9K | +5.1% | Added | 0.96% |
| 3 | ERO Ero Copper Corp. | Basic Materials | 2.05M | $54.94M | 13.55% | +104.6K | +5.4% | Added | 1.98% |
| 4 | TX Ternium S.A. | Basic Materials | 996.4K | $42.55M | 10.5% | -71.4K | -6.7% | Reduced | 0.05% |
| 5 | BMA Macro Bank Inc. | Financial Services | 439.9K | $40.73M | 10.05% | -31.0K | -6.6% | Reduced | 0.53% |
| 6 | BAP Credicorp Ltd | Financial Services | 103.1K | $40.17M | 9.91% | -7,248 | -6.6% | Reduced | 0.13% |
| 7 | TME Tencent Music Entertainment Group | Technology | 4.43M | $36.96M | 9.12% | +4.43M | – | New | 0.28% |
| 8 | CPA Copa Holdings, S.A. | Industrials | 143.3K | $22.29M | 5.5% | -9,992 | -6.5% | Reduced | 0.35% |
| 9 | KSPI Joint Stock Co Kaspi.kz | Financial Services | 163.9K | $14.20M | 3.5% | -11.6K | -6.6% | Reduced | 0.09% |
| 10 | PBR-A Petrobras - Petroleo Brasileiro Sa | Energy | 540.9K | $7.92M | 1.95% | -53.9K | -9.1% | Reduced | 0.01% |
| 11 | LAUR Laureate Education, Inc. | Consumer Discretionary | 6,637 | $241.06K | 0.059% | -526.4K | -98.8% | Reduced | 0% |
Tip. Select a row to see that position’s full history at Cape Ann Asset Management.
As of its Q2 2026 13F filing, Cape Ann Asset Management Ltd’s five largest positions were Kinross Gold Corp (KGC) at 20.5%, Vista Energy, S.A.B. de C.V. (VIST) at 15.4%, Ero Copper Corp. (ERO) at 13.6%, Ternium S.A. (TX) at 10.5%, Macro Bank Inc. (BMA) at 10.0% of the reported portfolio.
Cape Ann Asset Management Ltd reported a 13F portfolio worth $405.40M across 11 positions for Q2 2026. That is down 2.1% from the previous quarter.
Its largest purchases by value were Tencent Music Entertainment Group ($36.96M), Vista Energy, S.A.B. de C.V. ($3.05M), Ero Copper Corp. ($2.80M). It opened 1 new positions.
Its largest sales by value were Laureate Education, Inc. ($19.12M), Kinross Gold Corp ($6.16M), Ternium S.A. ($3.05M). It exited 0 positions entirely.
From the Form 13F-HR reports Cape Ann Asset Management Ltd files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.