CIK 2088289
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 |
|---|---|---|
| Utilities | 36.92% | 2 |
| Banks | 14.13% | 1 |
| Oil, Gas & Consumable Fuels | 13.55% | 1 |
| Construction Materials | 13.42% | 2 |
| Beverages | 8.00% | 1 |
| Unclassified | 6.65% | 1 |
| Aerospace & Defense | 3.57% | 1 |
| Metals & Mining | 3.56% | 1 |
| Airlines | 0.21% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PAM | Pampa Energy Inc. | Utilities | 19.97% |
| 2 | TGS | GAS TRANSPORTER OF THE SOUTH INC | Utilities | 16.95% |
| 3 | BAP | Credicorp Ltd | Financials | 14.13% |
| 4 | VIST | Vista Energy, S.A.B. de C.V. | Energy | 13.55% |
| 5 | LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | Materials | 9.11% |
| 6 | FMX | MEXICAN ECONOMIC DEVELOPMENT INC | Consumer Staples | 8.00% |
| 7 | ARCO | ARCOS DORADOS HOLDINGS INC | Unclassified | 6.65% |
| 8 | CX | CEMEX SAB DE CV | Materials | 4.31% |
| 9 | EMBJ | EMBRAER S.A. | Industrials | 3.57% |
| 10 | BVN | BUENAVENTURA MINING CO INC | Materials | 3.56% |
10/11 names classified · sector 93.4% of weight · industry 93.4% · 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: 93.4% 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 (0/11 names) · unclassified 100.0%: PAM, TGS, BAP, VIST, LOMA, FMX, ARCO, CX, EMBJ, BVN +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 | PAMPAMPA ENERGIA S A | 262,713 | $23M | 20.0% | HOLD |
| 2 | TGSTRANSPORTADORA DE GAS SUR | 570,013 | $20M | 16.9% | TRIM −5% |
| 3 | BAPCREDICORP LTD | 48,500 | $16M | 14.1% | NEW |
| 4 | VISTVISTA ENERGY S.A.B. DE C.V. | 209,000 | $16M | 13.5% | NEW |
| 5 | LOMALOMA NEGRA C I A S A MTN 14 | 956,586 | $11M | 9.1% | TRIM −5% |
| 6 | FMXFOMENTO ECONOMICO MEXICANO S | 83,841 | $9M | 8.0% | TRIM −37% |
| 7 | ARCOARCOS DORADOS HOLDINGS INC | 938,239 | $8M | 6.6% | NEW |
| 8 | CXCEMEX SAB DE CV | 438,560 | $5M | 4.3% | NEW |
| 9 | EMBJEMBRAER S.A. | 70,000 | $4M | 3.6% | NEW |
| 10 | BVNCOMPANIA DE MINAS BUENAVENTU | 115,000 | $4M | 3.6% | NEW |
| 11 | VLRSCONTROLADORA VUELA COMP DE A | 33,915 | $245,545 | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PAMPAMPA ENERGIA S A | — | — | — | — | 265K | 263K | $23M |
| TGSTRANSPORTADORA DE GAS SUR | — | — | — | — | 597K | 570K | $20M |
| BAPCREDICORP LTD | — | — | — | — | — | 49K | $16M |
| VISTVISTA ENERGY S.A.B. DE C.V. | — | — | — | — | — | 209K | $16M |
| LOMALOMA NEGRA C I A S A MTN 14 | — | — | — | — | 1.0M | 957K | $11M |
| FMXFOMENTO ECONOMICO MEXICANO S | — | — | — | — | 134K | 84K | $9M |
| ARCOARCOS DORADOS HOLDINGS INC | — | — | — | — | — | 938K | $8M |
| CXCEMEX SAB DE CV | — | — | — | — | — | 439K | $5M |
| EMBJEMBRAER S.A. | — | — | — | — | — | 70K | $4M |
| BVNCOMPANIA DE MINAS BUENAVENTU | — | — | — | — | — | 115K | $4M |
| VLRSCONTROLADORA VUELA COMP DE A | — | — | — | — | — | 34K | $245,545 |
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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