Fundamenta Capital S.A.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Fundamenta Capital S.A. reported 14 stock positions worth $172.4 million. Its top holding was Credicorp (BAP) at 15.8% of the portfolio, followed by Enel Chile SA-ADR (ENIC, 12.7%) and Pampa Energia SA-Spon ADR (PAM, 10.5%). Compared with Q1 2026, it opened 8 new positions, sold out of 2, added to 2 and reduced 3. The biggest buy was a new position in Enel Chile SA-ADR (ENIC) and the biggest sale Pampa Energia SA-Spon ADR (PAM, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- MONTEVIDEO, X3
- CIK
- 0002088289
- Portfolio Value
- $172.4M (Q2 2026)
- SEC Filing
- 0002088289-26-000004 ↗ filed Jul 28, 2026
Holdings Value
Holdings 14 stocks · $172.4M
| BAP Credicorp Ltd. | 15.82% | 70,000 | $27.3M | Add +44.3% |
| ENIC Enel Chile SA-ADR | 12.72% | 4,875,363 | $21.9M | New |
| PAM Pampa Energia SA-Spon ADR | 10.46% | 219,498 | $18.0M | Reduce -16.4% |
| TGS Transportador Gas-ADR SP B | 9.51% | 551,743 | $16.4M | Reduce -3.2% |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 7.76% | 1,194,528 | $13.4M | New |
| VIST Vista Energy Sab DE CV | 7.73% | 209,000 | $13.3M | No change |
| BSAC Banco Santander-Chile-ADR | 7.62% | 398,778 | $13.1M | New |
| EMBJ Embraer SA-Spon ADR | 5.78% | 156,126 | $10.0M | Add +123.0% |
| GGAL Grupo Financiero Galicia-ADR | 5.29% | 182,260 | $9.1M | New |
| TEO Telecom Argentina SA-SP ADR | 5.26% | 697,869 | $9.1M | New |
| BCH Banco DE Chile-ADR | 4.51% | 195,726 | $7.8M | New |
| ARCO Arcos Dorados Holdings Inc. Class A | 3.60% | 769,415 | $6.2M | Reduce -18.0% |
| AXIAY Axia Energia-ADR | 2.04% | 333,367 | $3.5M | New |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 1.91% | 44,400 | $3.3M | New |
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
| ENIC Enel Chile SA-ADR | New | 12.72% | +12.72 |
| CCU Cia Cervecerias Uni-Spon ADR | New | 7.76% | +7.76 |
| BSAC Banco Santander-Chile-ADR | New | 7.62% | +7.62 |
| GGAL Grupo Financiero Galicia-ADR | New | 5.29% | +5.29 |
| TEO Telecom Argentina SA-SP ADR | New | 5.26% | +5.26 |
| BCH Banco DE Chile-ADR | New | 4.51% | +4.51 |
| AXIAY Axia Energia-ADR | New | 2.04% | +2.04 |
| SQM Quimica Y Minera Chil-SP ADR | New | 1.91% | +1.91 |
| EMBJ Embraer SA-Spon ADR | Add +123.0% | 5.78% | +1.70 |
| BAP Credicorp Ltd. | Add +44.3% | 15.82% | −0.34 |