Cape Ann Asset Management Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Cape Ann Asset Management Ltd reported 7 stock positions worth $162.8 million. Its top holding was Kinross Gold (KGC) at 27.6% of the portfolio, followed by Credicorp (BAP, 17.8%) and Ternium SA-Sponsored ADR (TX, 17.3%). Compared with Q4 2024, it sold out of 1, added to 1 and reduced 5. The biggest buy was Ternium SA-Sponsored ADR (TX, shares +19%) and the biggest sale an exit from Joyy Inc.-ADR (JOYY).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001768237
- Portfolio Value
- $162.8M (Q1 2025)
- SEC Filing
- 0000950123-25-004268 ↗ filed May 8, 2025
Holdings Value
Holdings 7 stocks · $162.8M
| KGC Kinross Gold Corp. | 27.64% | 3,568,238 | $45.0M | Reduce -0.5% |
| BAP Credicorp Ltd. | 17.85% | 156,097 | $29.1M | Reduce -3.2% |
| TX Ternium SA-Sponsored ADR | 17.29% | 903,249 | $28.1M | Add +19.1% |
| CPA Copa Holdings SA Class A | 12.60% | 221,800 | $20.5M | Reduce -3.5% |
| LAUR Laureate Education Inc. | 11.67% | 929,200 | $19.0M | Reduce -2.4% |
| BMA Banco Macro SA-ADR | 9.32% | 201,000 | $15.2M | Reduce -3.7% |
| PBR.A Petroleo Brasil-SP Pref ADR | 3.64% | 454,611 | $5.9M | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| TX Ternium SA-Sponsored ADR | Add +19.1% | 17.29% | +3.39 |
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 |