CIK 1513137
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 | 65.44% | 5 |
| Airlines | 14.16% | 1 |
| Unclassified | 11.48% | 2 |
| Commercial Services & Supplies | 4.58% | 1 |
| Beverages | 4.34% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BAP | Credicorp Ltd | Financials | 24.82% |
| 2 | GGAL | GRUPO FINANCIERO GALICIA SA | Financials | 15.58% |
| 3 | BSAC | Banco Santander Chile | Financials | 14.98% |
| 4 | LTM | LATAM AIRLINES GROUP S.A. | Industrials | 14.16% |
| 5 | CPA | COPA HOLDINGS SA | Unclassified | 9.56% |
| 6 | NU | NU HOLDINGS CLASS A | Financials | 7.73% |
| 7 | MELI | MERCADOLIBRE INC | Industrials | 4.58% |
| 8 | FMX | MEXICAN ECONOMIC DEVELOPMENT INC | Consumer Staples | 4.34% |
| 9 | ITUB | Itau Unibanco Holding S.A. | Financials | 2.33% |
| 10 | ARCO | ARCOS DORADOS HOLDINGS INC | Unclassified | 1.92% |
8/10 names classified · sector 88.5% of weight · industry 88.5% · mkt cap 4.6%; 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: 88.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 5% of book weight classified — the grid is NOT representative of the whole book.
Classified: 4.6% of book weight (1/10 names) · unclassified 95.4%: BAP, GGAL, BSAC, LTM, CPA, NU, FMX, ITUB, ARCO. 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 | 206,170 | $70M | 24.8% | TRIM −10% |
| 2 | GGALGRUPO FINANCIERO GALICIA S.A | 940,056 | $44M | 15.6% | HOLD |
| 3 | BSACBANCO SANTANDER CHILE NEW | 1,263,892 | $42M | 15.0% | ADD 19% |
| 4 | LTMLATAM AIRLINES GROUP SA | 807,079 | $40M | 14.2% | HOLD |
| 5 | CPACOPA HOLDINGS SA | 237,214 | $27M | 9.6% | NEW |
| 6 | NUNU HLDGS LTD | 1,515,899 | $22M | 7.7% | HOLD |
| 7 | MELIMERCADOLIBRE INC | 7,467 | $13M | 4.6% | HOLD |
| 8 | FMXFOMENTO ECONOMICO MEXICANO S | 110,104 | $12M | 4.3% | TRIM −72% |
| 9 | ITUBITAU UNIBANCO HLDG S A | 783,087 | $7M | 2.3% | TRIM −14% |
| 10 | ARCOARCOS DORADOS HOLDINGS INC | 654,392 | $5M | 1.9% | TRIM −17% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BAPCREDICORP LTD | 201K | 183K | 194K | 216K | 228K | 206K | $70M |
| GGALGRUPO FINANCIERO GALICIA S.A | 1.4M | 1.1M | 1.1M | 1.1M | 940K | 940K | $44M |
| BSACBANCO SANTANDER CHILE NEW | 1.5M | 683K | 524K | 715K | 1.1M | 1.3M | $42M |
| LTMLATAM AIRLINES GROUP SA | — | — | — | — | 807K | 807K | $40M |
| CPACOPA HOLDINGS SA | — | — | — | — | — | 237K | $27M |
| NUNU HLDGS LTD | 848K | 1.0M | 1.9M | 1.5M | 1.5M | 1.5M | $22M |
| MELIMERCADOLIBRE INC | 15K | 15K | 10K | 8K | 7K | 7K | $13M |
| FMXFOMENTO ECONOMICO MEXICANO S | 204K | 133K | 275K | 370K | 395K | 110K | $12M |
| ITUBITAU UNIBANCO HLDG S A | 1.1M | 1.2M | 1.2M | 962K | 911K | 783K | $7M |
| ARCOARCOS DORADOS HOLDINGS INC | 1.3M | 1.3M | 1.4M | 1.2M | 788K | 654K | $5M |
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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