CIK 1541597
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-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 |
|---|---|---|
| Unclassified | 70.51% | 19 |
| Banks | 14.70% | 4 |
| Beverages | 7.05% | 2 |
| Construction Materials | 3.83% | 2 |
| Media & Entertainment | 1.97% | 1 |
| Oil, Gas & Consumable Fuels | 0.65% | 1 |
| Airlines | 0.53% | 1 |
| Metals & Mining | 0.41% | 1 |
| Aerospace & Defense | 0.35% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 18.47% |
| 2 | IEF | ISHARES TR | Unclassified | 15.82% |
| 3 | VGK | VANGUARD INTL EQUITY INDEX F | Unclassified | 9.32% |
| 4 | ITUB | Itau Unibanco Holding S.A. | Financials | 7.07% |
| 5 | BBD | BANK BRADESCO | Financials | 7.00% |
| 6 | TLT | ISHARES TR | Unclassified | 6.17% |
| 7 | FMX | MEXICAN ECONOMIC DEVELOPMENT INC | Consumer Staples | 5.03% |
| 8 | IGOV | ISHARES TR | Unclassified | 3.98% |
| 9 | ISHARES | Unclassified | 3.68% | |
| 10 | CX | CEMEX SAB DE CV | Materials | 3.35% |
13/32 names classified · sector 29.5% of weight · industry 29.5% · mkt cap 0.0%; 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: 29.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/20 names) · unclassified 100.0%: SPY, , IEF, VGK, ITUB, BBD, TLT, FMX, IGOV, CX +10 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 | SPYSTATE STR SPDR S&P 500 ETF T | 368,301 | $76M | 18.5% | ADD 16% |
| 2 | IEFISHARES TR | 587,783 | $65M | 15.8% | ADD 8% |
| 3 | VGKVANGUARD INTL EQUITY INDEX F | 787,744 | $38M | 9.3% | ADD 10% |
| 4 | ITUBITAU UNIBANCO HLDG S A | 3,373,195 | $29M | 7.1% | ADD 2% |
| 5 | BBDBANCO BRADESCO S A | 3,853,632 | $29M | 7.0% | ADD 14% |
| 6 | TLTISHARES TR | 193,505 | $25M | 6.2% | NEW |
| 7 | FMXFOMENTO ECONOMICO MEXICANO S | 214,148 | $21M | 5.0% | TRIM −10% |
| 8 | IGOVISHARES TR | 167,677 | $16M | 4.0% | NEW |
| 9 | ISHARES | 1,323,173 | $15M | 3.7% | TRIM −13% |
| 10 | CXCEMEX SAB DE CV | 1,885,335 | $14M | 3.3% | ADD 40% |
| 11 | ENEL GENERACION CHILE S A | 280,824 | $12M | 2.9% | TRIM −13% |
| 12 | AMERICA MOVIL SAB DE CV | 721,176 | $11M | 2.7% | TRIM −46% |
| 13 | ABEVAMBEV SA | 1,600,635 | $8M | 2.0% | ADD 264% |
| 14 | TVGRUPO TELEVISA SA | 294,408 | $8M | 2.0% | TRIM −15% |
| 15 | GRUPO FINANCIERO SANTANDER | 702,091 | $6M | 1.5% | ADD 67% |
| 16 | TELEFONICA BRASIL SA FSPONSORED ADR 1 ADR REPS 2 ORD SHS | 427,200 | $5M | 1.3% | ADD 147% |
| 17 | ENEL AMERICAS S A | 300,331 | $4M | 1.0% | HOLD |
| 18 | COMPANHIA PARANAENSE ENERG C | 465,000 | $4M | 0.9% | ADD 70% |
| 19 | BRF SA | 247,300 | $4M | 0.9% | TRIM −69% |
| 20 | YPFYPF SOCIEDAD ANONIMA | 148,658 | $3M | 0.6% | TRIM −36% |
| 21 | GGALGRUPO FINANCIERO GALICIA S.A | 89,314 | $3M | 0.6% | TRIM −39% |
| 22 | ASRGRUPO AEROPORTUARIO DEL SURE | 14,427 | $2M | 0.5% | NEW |
| 23 | FIBRIA CELULOSE | 241,300 | $2M | 0.5% | NEW |
| 24 | SQMSOCIEDAD QUIMICA Y MINERA DE | 95,399 | $2M | 0.5% | TRIM −5% |
| 25 | CPFL ENERGIA S A | 171,000 | $2M | 0.5% | NEW |
| 26 | BVNCOMPANIA DE MINAS BUENAVENTU | 227,330 | $2M | 0.4% | TRIM −65% |
| 27 | EMBJEMBRAER S.A. | 54,500 | $1M | 0.4% | TRIM −79% |
| 28 | CENCOSUD S A SPONSORED ADS | 174,301 | $1M | 0.3% | ADD 18% |
| 29 | BANCOLOMBIA S A | 38,506 | $1M | 0.3% | TRIM −29% |
| 30 | LQDISHARES TR | 9,050 | $1M | 0.3% | ADD 73% |
| 31 | BMABANCO MACRO SA | 1,009 | $65,000 | 0.0% | NEW |
| 32 | CEMENTOS PACASMAYO | 3,596 | $28,000 | 0.0% | NEW |
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