CIK 1356513
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Banks | 49.68% | 5 |
| Metals & Mining | 29.65% | 3 |
| Unclassified | 11.72% | 1 |
| Hotels, Restaurants & Leisure | 8.66% | 2 |
| Software & IT Services | 0.29% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BAP | Credicorp Ltd | Financials | 19.87% |
| 2 | ITUB | Itau Unibanco Holding S.A. | Financials | 18.97% |
| 3 | BVN | BUENAVENTURA MINING CO INC | Materials | 14.90% |
| 4 | TS | Tenaris SA | Materials | 14.47% |
| 5 | AMX | AMERICA MOVIL SAB DE CV | Unclassified | 11.72% |
| 6 | GGAL | GRUPO FINANCIERO GALICIA SA | Financials | 9.41% |
| 7 | YUMC | Yum China Holdings, Inc. | Consumer Discretionary | 8.65% |
| 8 | HDB | HDFC Bank Ltd | Financials | 1.06% |
| 9 | BBAR | Banco BBVA Argentina S.A. | Financials | 0.37% |
| 10 | GLOB | Globant S.A. | Information Technology | 0.29% |
11/12 names classified · sector 88.3% of weight · industry 88.3% · mkt cap 8.9%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 88.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 9% of book weight classified — the grid is NOT representative of the whole book.
Classified: 8.7% of book weight (1/12 names) · unclassified 91.3%: BAP, ITUB, BVN, TS, AMX, GGAL, HDB, BBAR, GLOB, TX +1 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BAPCREDICORP LTD | 1,571,266 | $533M | 19.9% | TRIM −2% |
| 2 | ITUBITAU UNIBANCO HLDG S A | 60,727,358 | $509M | 19.0% | HOLD |
| 3 | BVNCOMPANIA DE MINAS BUENAVENTU | 11,090,399 | $400M | 14.9% | HOLD |
| 4 | TSTENARIS S A | 6,673,718 | $388M | 14.5% | TRIM −8% |
| 5 | AMXAMERICA MOVIL SAB DE CV | 12,343,930 | $315M | 11.7% | TRIM −2% |
| 6 | GGALGRUPO FINANCIERO GALICIA S.A | 5,403,035 | $252M | 9.4% | ADD 78% |
| 7 | YUMCYUM CHINA HLDGS INC | 4,756,838 | $232M | 8.7% | NEW |
| 8 | HDBHDFC BANK LTD | 1,142,454 | $28M | 1.1% | ADD 45% |
| 9 | BBARBANCO BBVA ARGENTINA S A | 620,996 | $10M | 0.4% | HOLD |
| 10 | GLOBGLOBANT S A | 167,410 | $8M | 0.3% | NEW |
| 11 | TXTERNIUM SA | 181,022 | $7M | 0.3% | TRIM −13% |
| 12 | GHGGREENTREE HOSPITALTY GROUP L | 298,844 | $376,543 | 0.0% | TRIM −58% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BAPCREDICORP LTD | 1.7M | 1.7M | 1.7M | 1.7M | 1.6M | 1.6M | $533M |
| ITUBITAU UNIBANCO HLDG S A | 57.0M | 62.8M | 64.1M | 62.1M | 61.3M | 60.7M | $509M |
| BVNCOMPANIA DE MINAS BUENAVENTU | 12.3M | 11.9M | 12.1M | 11.8M | 11.3M | 11.1M | $400M |
| TSTENARIS S A | 7.9M | 7.7M | 7.8M | 7.6M | 7.3M | 6.7M | $388M |
| AMXAMERICA MOVIL SAB DE CV | 13.7M | 13.3M | 13.5M | 13.1M | 12.6M | 12.3M | $315M |
| GGALGRUPO FINANCIERO GALICIA S.A | — | — | — | — | 3.0M | 5.4M | $252M |
| YUMCYUM CHINA HLDGS INC | — | — | — | — | — | 4.8M | $232M |
| HDBHDFC BANK LTD | 380K | 393K | 393K | 787K | 788K | 1.1M | $28M |
| BBARBANCO BBVA ARGENTINA S A | — | — | — | — | 619K | 621K | $10M |
| GLOBGLOBANT S A | — | — | — | — | — | 167K | $8M |
| TXTERNIUM SA | — | — | 230K | 227K | 209K | 181K | $7M |
| GHGGREENTREE HOSPITALTY GROUP L | 841K | 860K | 860K | 783K | 716K | 299K | $376,543 |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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