CIK 1536362
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2023-Q2. 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 |
|---|---|---|
| Metals & Mining | 42.29% | 4 |
| Oil, Gas & Consumable Fuels | 21.36% | 1 |
| Commercial Services & Supplies | 11.42% | 1 |
| Unclassified | 10.76% | 1 |
| Construction Materials | 10.11% | 1 |
| Airlines | 4.06% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VALE | Vale S.A. | Materials | 32.31% |
| 2 | PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | 21.36% |
| 3 | MELI | MERCADOLIBRE INC | Industrials | 11.42% |
| 4 | BANCOLOMBIA S A | Unclassified | 10.76% | |
| 5 | SQM | CHEMICAL & MINING CO OF CHILE INC | Materials | 10.11% |
| 6 | GGB | GERDAU S.A. | Materials | 5.79% |
| 7 | VLRS | Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | Industrials | 4.06% |
| 8 | SCCO | SOUTHERN COPPER CORP/ | Materials | 2.24% |
| 9 | TX | Ternium S.A. | Materials | 1.94% |
8/9 names classified · sector 89.2% of weight · industry 89.2% · mkt cap 13.7%; 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: 89.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 14% of book weight classified — the grid is NOT representative of the whole book.
Classified: 13.7% of book weight (2/9 names) · unclassified 86.3%: VALE, PBR, , SQM, GGB, VLRS, TX. 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 | VALEVALE S A | 1,315,234 | $18M | 32.3% | ADD 41% |
| 2 | PBRPETROLEO BRASILEIRO S A | 777,307 | $12M | 21.4% | HOLD |
| 3 | MELIMERCADOLIBRE INC | 4,916 | $6M | 11.4% | TRIM −6% |
| 4 | BANCOLOMBIA S A | 219,995 | $6M | 10.8% | TRIM −13% |
| 5 | SQMSOCIEDAD QUIMICA Y MINERA DE | 92,449 | $6M | 10.1% | ADD 232% |
| 6 | GGBGERDAU SA | 662,563 | $3M | 5.8% | HOLD |
| 7 | VLRSCONTROLADORA VUELA COMP DE A | 326,144 | $2M | 4.1% | TRIM −4% |
| 8 | SCCOSOUTHERN COPPER CORP | 16,256 | $1M | 2.2% | TRIM −10% |
| 9 | TXTERNIUM SA | 26,548 | $1M | 1.9% | TRIM −4% |
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