Cape Ann Asset Management Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Cape Ann Asset Management Ltd reported 6 stock positions worth $146.1 million. Its top holding was Credicorp (BAP) at 26.5% of the portfolio, followed by Kinross Gold (KGC, 24.8%) and Ternium SA-Sponsored ADR (TX, 21.8%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 2 and reduced 3. The biggest buy was a new position in Laureate Education (LAUR) and the biggest sale Ternium SA-Sponsored ADR (TX, shares −1%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001768237
Portfolio Value
$146.1M (Q3 2024)
SEC Filing
0000950123-24-010997 ↗ filed Nov 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $112.3M Q1 2024 Q2 2024: $116.5M Q2 2024 Q3 2024: $146.1M $146.1M Q3 2024 Q4 2024: $158.7M Q4 2024 Q1 2025: $162.8M Q1 2025 Q2 2025: $233.5M Q2 2025 Q3 2025: $296.8M Q3 2025 Q4 2025: $367.6M Q4 2025 Q1 2026: $440.3M Q1 2026 Q2 2026: $434.4M Q2 2026

Holdings 6 stocks · $146.1M
BAP Credicorp Ltd. 26.50% 213,878 $38.7M Reduce -0.5%
KGC Kinross Gold Corp. 24.79% 3,868,663 $36.2M Reduce -0.5%
TX Ternium SA-Sponsored ADR 21.82% 863,685 $31.9M Reduce -0.5%
LAUR Laureate Education Inc. 11.92% 1,048,300 $17.4M New
JOYY Joyy Inc.-ADR 11.83% 476,900 $17.3M Add +47.8%
PBR.A Petroleo Brasil-SP Pref ADR 3.14% 347,910 $4.6M Add +2.2%

Portfolio Sells Q2 2024 → Q3 2024
TX Ternium SA-Sponsored ADR Reduce -0.5% 21.82% −6.16
BAP Credicorp Ltd. Reduce -0.5% 26.50% −3.27
KGC Kinross Gold Corp. Reduce -0.5% 24.79% −2.97
LU Lufax Holding Ltd. Sponsored ADR Sold out 0.00% −2.17

Portfolio Buys Q2 2024 → Q3 2024
LAUR Laureate Education Inc. New 11.92% +11.92
JOYY Joyy Inc.-ADR Add +47.8% 11.83% +3.50
PBR.A Petroleo Brasil-SP Pref ADR Add +2.2% 3.14% −0.84

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 12$434.4MKGC, VIST, ERO, TX, BMA
Q1 2026 11$440.3MKGC, VIST, ERO, TX, BAP
Q4 2025 10$367.6MKGC, ERO, BMA, TX, VIST
Q3 2025 11$296.8MKGC, TX, BAP, LAUR, CPA
Q2 2025 9$233.5MKGC, BAP, VIST, TX, CPA
Q1 2025Amended 7$162.8MKGC, BAP, TX, CPA, LAUR
Q4 2024 8$158.7MKGC, BAP, TX, BMA, CPA
Q3 2024 6$146.1MBAP, KGC, TX, LAUR, JOYY
Q2 2024 6$116.5MBAP, TX, KGC, JOYY, PBR.A
Q1 2024 5$112.3MBAP, TX, KGC, PBR.A, LU