Northcape Capital Pty Ltd

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 10, 2026), Northcape Capital Pty Ltd reported 8 stock positions worth $741.8 million. Its top holding was America Movil-SPN ADR Class L (AMOV) at 33.7% of the portfolio, followed by MercadoLibre (MELI, 23.2%) and HDFC Bank Ltd.-ADR (HDB, 17.3%). Compared with Q1 2026, it added to 2 and reduced 6. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +6%) and the biggest sale Itau Unibanco H-Spon PRF ADR (ITUB, shares −31%).

Most Recent 13F
Q2 2026
Location
SYDNEY, C3
CIK
0001686776
Portfolio Value
$741.8M (Q2 2026)
SEC Filing
0001686776-26-000005 ↗ filed Jul 10, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $870.3M Q1 2024 Q2 2024: $672.8M Q2 2024 Q3 2024: $675.3M Q3 2024 Q4 2024: $625.3M Q4 2024 Q2 2025: $785.7M Q2 2025 Q3 2025: $723.4M Q3 2025 Q4 2025: $866.9M Q4 2025 Q1 2026: $866.7M Q1 2026 Q2 2026: $741.8M $741.8M Q2 2026

Holdings 8 stocks · $741.8M
AMOV America Movil-SPN ADR Class L 33.75% 9,631,955 $250.3M Reduce -19.4%
MELI MercadoLibre Inc. 23.17% 101,246 $171.9M Reduce -17.4%
HDB HDFC Bank Ltd.-ADR 17.34% 4,978,603 $128.6M Add +6.1%
ITUB Itau Unibanco H-Spon PRF ADR 9.78% 8,878,020 $72.5M Reduce -31.4%
FMX Fomento Economico Mex-SP ADR 7.74% 448,912 $57.4M Reduce -9.2%
PAC Grupo Aeroportuario Pac-ADR 5.93% 173,611 $44.0M Reduce -9.1%
TLK Telkom Indonesia Persero-ADR filed as TELEKOMUNIKASI IND 2.04% 1,125,872 $15.1M Add +4.5%
SPGI S&P Global Inc. 0.27% 4,829 $2.0M Reduce -23.4%

Portfolio Sells Q1 2026 → Q2 2026
ITUB Itau Unibanco H-Spon PRF ADR Reduce -31.4% 9.78% −2.73
AMOV America Movil-SPN ADR Class L Reduce -19.4% 33.75% −1.40
MELI MercadoLibre Inc. Reduce -17.4% 23.17% −1.29
SPGI S&P Global Inc. Reduce -23.4% 0.27% −0.04
PAC Grupo Aeroportuario Pac-ADR Reduce -9.1% 5.93% +0.48
FMX Fomento Economico Mex-SP ADR Reduce -9.2% 7.74% +1.41

Portfolio Buys Q1 2026 → Q2 2026
HDB HDFC Bank Ltd.-ADR Add +6.1% 17.34% +3.86
TLK Telkom Indonesia Persero-ADR Add +4.5% 2.04% −0.28

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$741.8MAMOV, MELI, HDB, ITUB, FMX
Q1 2026 8$866.7MAMOV, MELI, HDB, ITUB, FMX
Q4 2025 8$866.9MMELI, AMOV, HDB, ITUB, PAC
Q3 2025 8$723.4MAMOV, MELI, HDB, ITUB, PAC
Q2 2025 8$785.7MHDB, MELI, AMOV, ITUB, PAC
Q4 2024 31$625.3MHDB, AMOV, MELI, ITUB, PAC
Q3 2024 34$675.3MMELI, AMOV, HDB, ITUB, FMX
Q2 2024 31$672.8MAMOV, MELI, HDB, ITUB, FMX
Q1 2024 30$870.3MTSM, AMOV, MELI, HDB, ITUB