CIK 2104187
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 | 61.00% | 6 |
| Oil, Gas & Consumable Fuels | 30.55% | 1 |
| Metals & Mining | 4.42% | 1 |
| Unclassified | 2.77% | 5 |
| Specialty Retail | 0.63% | 1 |
| Pharmaceuticals & Biotechnology | 0.53% | 1 |
| Utilities | 0.10% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BBD | BANK BRADESCO | Financials | 43.11% |
| 2 | YPF | YPF SOCIEDAD ANONIMA | Energy | 30.55% |
| 3 | GGAL | GRUPO FINANCIERO GALICIA SA | Financials | 8.10% |
| 4 | GGB | GERDAU S.A. | Materials | 4.42% |
| 5 | BSBR | Banco Santander (Brasil) S.A. | Financials | 4.26% |
| 6 | BMA | Macro Bank Inc. | Financials | 3.02% |
| 7 | PROSHARES TR II | Unclassified | 2.07% | |
| 8 | BBAR | Banco BBVA Argentina S.A. | Financials | 1.45% |
| 9 | NU | NU HOLDINGS CLASS A | Financials | 1.05% |
| 10 | CSAN | Cosan S.A. | Consumer Discretionary | 0.63% |
12/17 names classified · sector 97.2% of weight · industry 97.2% · mkt cap 0.5%; 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: 97.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.5% of book weight (1/17 names) · unclassified 99.5%: BBD, YPF, GGAL, GGB, BSBR, BMA, , BBAR, NU, CSAN +6 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 | BBDBANCO BRADESCO S A | 156,848,134 | $589M | 43.1% | ADD 6% |
| 2 | YPFYPF SOCIEDAD ANONIMA | 9,026,675 | $417M | 30.6% | TRIM −14% |
| 3 | GGALGRUPO FINANCIERO GALICIA S.A | 2,360,982 | $111M | 8.1% | ADD 13% |
| 4 | GGBGERDAU SA | 16,726,171 | $60M | 4.4% | TRIM −14% |
| 5 | BSBRBANCO SANTANDER BRASIL S A | 9,817,925 | $58M | 4.3% | HOLD |
| 6 | BMABANCO MACRO SA | 532,490 | $41M | 3.0% | TRIM −6% |
| 7 | PROSHARES TR II | 3,400,000 | $28M | 2.1% | NEW |
| 8 | BBARBANCO BBVA ARGENTINA S A | 1,235,322 | $20M | 1.5% | ADD 8% |
| 9 | NUNU HLDGS LTD | 1,000,000 | $14M | 1.1% | NEW |
| 10 | CSANCOSAN S A | 2,096,904 | $9M | 0.6% | HOLD |
| 11 | ORMPORAMED PHARMACEUTICALS INC | 2,112,312 | $7M | 0.5% | ADD 7% |
| 12 | DRTSALPHA TAU MEDICAL LTD | 721,501 | $5M | 0.4% | NEW |
| 13 | INVZINNOVIZ TECHNOLOGIES LTD | 5,177,278 | $3M | 0.2% | ADD 2820% |
| 14 | PLSMPULSENMORE LTD | 338,541 | $1M | 0.1% | NEW |
| 15 | TGSTRANSPORTADORA DE GAS SUR | 29,696 | $1M | 0.1% | HOLD |
| 16 | CEPUCENTRAL PUERTO S A | 19,314 | $325,055 | 0.0% | HOLD |
| 17 | VLN.WSVALENS SEMICONDUCTOR LTD | 559,653 | $14,551 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BBDBANCO BRADESCO S A | — | — | — | 137.5M | 148.7M | 156.8M | $589M |
| YPFYPF SOCIEDAD ANONIMA | — | — | — | 13.0M | 10.5M | 9.0M | $417M |
| GGALGRUPO FINANCIERO GALICIA S.A | — | — | — | 1.3M | 2.1M | 2.4M | $111M |
| GGBGERDAU SA | — | — | — | 17.8M | 19.5M | 16.7M | $60M |
| BSBRBANCO SANTANDER BRASIL S A | — | — | — | 9.0M | 9.8M | 9.8M | $58M |
| BMABANCO MACRO SA | — | — | — | 456K | 565K | 532K | $41M |
| PROSHARES TR II | — | — | — | — | — | 3.4M | $28M |
| BBARBANCO BBVA ARGENTINA S A | — | — | — | 560K | 1.1M | 1.2M | $20M |
| NUNU HLDGS LTD | — | — | — | — | — | 1.0M | $14M |
| CSANCOSAN S A | — | — | — | 2.2M | 2.1M | 2.1M | $9M |
| ORMPORAMED PHARMACEUTICALS INC | — | — | — | 2.0M | 2.0M | 2.1M | $7M |
| DRTSALPHA TAU MEDICAL LTD | — | — | — | — | — | 722K | $5M |
| INVZINNOVIZ TECHNOLOGIES LTD | — | — | — | — | 177K | 5.2M | $3M |
| PLSMPULSENMORE LTD | — | — | — | — | — | 339K | $1M |
| TGSTRANSPORTADORA DE GAS SUR | — | — | — | 30K | 30K | 30K | $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.
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