Cape Ann Asset Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), Cape Ann Asset Management Ltd reported 12 stock positions worth $434.4 million. Its top holding was Kinross Gold (KGC) at 19.1% of the portfolio, followed by Vista Energy Sab DE CV (VIST, 14.4%) and Ero Copper (ERO, 12.6%). Compared with Q1 2026, it opened 1 new position, added to 3 and reduced 8. The biggest buy was a new position in Tencent Music Entertainm-ADR (TME) and the biggest sale Kinross Gold (KGC, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001768237
- Portfolio Value
- $434.4M (Q2 2026)
- SEC Filing
- 0000929638-26-002977 ↗ filed Aug 11, 2026
Holdings Value
Holdings 12 stocks · $434.4M
| KGC Kinross Gold Corp. | 19.09% | 3,510,314 | $82.9M | Reduce -6.9% |
| VIST Vista Energy Sab DE CV | 14.39% | 979,693 | $62.5M | Add +5.1% |
| ERO Ero Copper Corp. | 12.65% | 2,053,705 | $54.9M | Add +5.4% |
| TX Ternium SA-Sponsored ADR | 9.79% | 996,424 | $42.5M | Reduce -6.7% |
| BMA Banco Macro SA-ADR | 9.38% | 439,918 | $40.7M | Reduce -6.6% |
| BAP Credicorp Ltd. | 9.25% | 103,105 | $40.2M | Reduce -6.6% |
| TME Tencent Music Entertainm-ADR | 8.51% | 4,426,136 | $37.0M | New |
| EGO Eldorado Gold Corp. | 6.68% | 933,066 | $29.0M | Add +23.0% |
| CPA Copa Holdings SA Class A | 5.13% | 143,256 | $22.3M | Reduce -6.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 3.27% | 163,880 | $14.2M | Reduce -6.6% |
| PBR.A Petroleo Brasil-SP Pref ADR | 1.82% | 540,913 | $7.9M | Reduce -9.1% |
| LAUR Laureate Education Inc. | 0.06% | 6,637 | $241K | Reduce -98.8% |
Portfolio Sells Q1 2026 → Q2 2026
| KGC Kinross Gold Corp. | Reduce -6.9% | 19.09% | −7.05 |
| LAUR Laureate Education Inc. | Reduce -98.8% | 0.06% | −4.16 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -9.1% | 1.82% | −0.71 |
| TX Ternium SA-Sponsored ADR | Reduce -6.7% | 9.79% | +0.06 |
| KSPI JSC Kaspi.kz ADR | Reduce -6.6% | 3.27% | +0.32 |
| BAP Credicorp Ltd. | Reduce -6.6% | 9.25% | +0.75 |
| BMA Banco Macro SA-ADR | Reduce -6.6% | 9.38% | +1.10 |
| CPA Copa Holdings SA Class A | Reduce -6.5% | 5.13% | +1.18 |
Portfolio Buys Q1 2026 → Q2 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $434.4M | KGC, VIST, ERO, TX, BMA |
| Q1 2026 | 11 | $440.3M | KGC, VIST, ERO, TX, BAP |
| Q4 2025 | 10 | $367.6M | KGC, ERO, BMA, TX, VIST |
| Q3 2025 | 11 | $296.8M | KGC, TX, BAP, LAUR, CPA |
| Q2 2025 | 9 | $233.5M | KGC, BAP, VIST, TX, CPA |
| Q1 2025Amended | 7 | $162.8M | KGC, BAP, TX, CPA, LAUR |
| Q4 2024 | 8 | $158.7M | KGC, BAP, TX, BMA, CPA |
| Q3 2024 | 6 | $146.1M | BAP, KGC, TX, LAUR, JOYY |
| Q2 2024 | 6 | $116.5M | BAP, TX, KGC, JOYY, PBR.A |
| Q1 2024 | 5 | $112.3M | BAP, TX, KGC, PBR.A, LU |