CIK 1638081
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 |
|---|---|---|
| Metals & Mining | 27.25% | 3 |
| Construction Materials | 18.64% | 2 |
| Oil, Gas & Consumable Fuels | 17.76% | 1 |
| Aerospace & Defense | 11.65% | 1 |
| Software & IT Services | 8.38% | 1 |
| Semiconductors & Semiconductor Equipment | 6.25% | 1 |
| Commercial Services & Supplies | 5.92% | 2 |
| Banks | 3.42% | 1 |
| Unclassified | 0.45% | 1 |
| Airlines | 0.28% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SQM | CHEMICAL & MINING CO OF CHILE INC | Materials | 18.29% |
| 2 | PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | 17.76% |
| 3 | VALE | Vale S.A. | Materials | 16.53% |
| 4 | EMBJ | EMBRAER S.A. | Industrials | 11.65% |
| 5 | GFI | Gold Fields Ltd | Materials | 10.41% |
| 6 | BZ | Kanzhun Ltd | Information Technology | 8.38% |
| 7 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 6.25% |
| 8 | BABA | Alibaba Group Holding Ltd | Industrials | 5.49% |
| 9 | GGAL | GRUPO FINANCIERO GALICIA SA | Financials | 3.42% |
| 10 | CAAP | CORPORACION AMER ARPTS S A | Unclassified | 0.45% |
13/14 names classified · sector 99.6% of weight · industry 99.6% · mkt cap 0.3%; 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: 99.6% 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: 0.3% of book weight (1/14 names) · unclassified 99.7%: SQM, PBR, VALE, EMBJ, GFI, BZ, TSM, BABA, GGAL, CAAP +3 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 | SQMSOCIEDAD QUIMICA Y MINERA DE | 1,049,444 | $85M | 18.3% | TRIM −28% |
| 2 | PBRPETROLEO BRASILEIRO S A | 3,975,482 | $82M | 17.8% | NEW |
| 3 | VALEVALE S A | 4,824,901 | $77M | 16.5% | TRIM −26% |
| 4 | EMBJEMBRAER S.A. | 911,414 | $54M | 11.6% | TRIM −26% |
| 5 | GFIGOLD FIELDS LTD | 1,064,393 | $48M | 10.4% | TRIM −39% |
| 6 | BZKANZHUN LIMITED | 2,906,069 | $39M | 8.4% | ADD 93% |
| 7 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 85,944 | $29M | 6.3% | NEW |
| 8 | BABAALIBABA GROUP HLDG LTD | 203,190 | $25M | 5.5% | TRIM −55% |
| 9 | GGALGRUPO FINANCIERO GALICIA S.A | 339,966 | $16M | 3.4% | TRIM −40% |
| 10 | CAAPCORPORACION AMER ARPTS S A | 82,327 | $2M | 0.4% | HOLD |
| 11 | PDDPDD HOLDINGS INC | 19,727 | $2M | 0.4% | TRIM −18% |
| 12 | LOMALOMA NEGRA C I A S A MTN 14 | 144,315 | $2M | 0.3% | HOLD |
| 13 | SCCOSOUTHERN COPPER CORP | 8,527 | $1M | 0.3% | TRIM −9% |
| 14 | AEROGRUPO AEROMEXICO SAB DE CV | 92,412 | $1M | 0.3% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SQMSOCIEDAD QUIMICA Y MINERA DE | — | 936K | 580K | 1.2M | 1.5M | 1.0M | $85M |
| PBRPETROLEO BRASILEIRO S A | 5.2M | 4.6M | 4.7M | 1.5M | — | 4.0M | $82M |
| VALEVALE S A | — | — | — | 6.0M | 6.5M | 4.8M | $77M |
| EMBJEMBRAER S.A. | — | 418K | 426K | 773K | 1.2M | 911K | $54M |
| GFIGOLD FIELDS LTD | 6.8M | 5.1M | 3.3M | 1.5M | 1.7M | 1.1M | $48M |
| BZKANZHUN LIMITED | — | — | — | 2.3M | 1.5M | 2.9M | $39M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | — | — | — | — | 86K | $29M |
| BABAALIBABA GROUP HLDG LTD | 615K | 615K | 489K | 483K | 450K | 203K | $25M |
| GGALGRUPO FINANCIERO GALICIA S.A | 438K | 227K | 162K | 1.5M | 564K | 340K | $16M |
| CAAPCORPORACION AMER ARPTS S A | 112K | 112K | 82K | 82K | 82K | 82K | $2M |
| PDDPDD HOLDINGS INC | — | 376K | — | — | 24K | 20K | $2M |
| LOMALOMA NEGRA C I A S A MTN 14 | 160K | 160K | 144K | 144K | 144K | 144K | $2M |
| SCCOSOUTHERN COPPER CORP | 320K | 258K | 232K | 9K | 9K | 9K | $1M |
| AEROGRUPO AEROMEXICO SAB DE CV | — | — | — | — | 92K | 92K | $1M |
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.
