Northcape Capital Pty Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Northcape Capital Pty Ltd reported 30 stock positions worth $870.3 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 29.0% of the portfolio, followed by America Movil-SPN ADR Class L (AMOV, 19.0%) and MercadoLibre (MELI, 14.7%). Compared with Q4 2023, it opened 2 new positions, sold out of 2, added to 11 and reduced 17. The biggest buy was America Movil-SPN ADR Class L (AMOV, shares +16%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, C3
- CIK
- 0001686776
- Portfolio Value
- $870.3M (Q1 2024)
- SEC Filing
- 0001686776-24-000003 ↗ filed Apr 30, 2024
Holdings Value
Holdings 30 stocks · $870.3M
| TSM Taiwan Semiconductor-SP ADR | 29.03% | 1,857,160 | $252.7M | Reduce -24.7% |
| AMOV America Movil-SPN ADR Class L | 19.04% | 8,882,456 | $165.7M | Add +15.7% |
| MELI MercadoLibre Inc. | 14.68% | 84,517 | $127.8M | Reduce -0.3% |
| HDB HDFC Bank Ltd.-ADR | 13.72% | 2,132,766 | $119.4M | Reduce -2.0% |
| ITUB Itau Unibanco H-Spon PRF ADR | 7.20% | 9,044,815 | $62.7M | Add +1.0% |
| FMX Fomento Economico Mex-SP ADR | 5.02% | 335,406 | $43.7M | Add +79.3% |
| PAC Grupo Aeroportuario Pac-ADR | 3.05% | 162,439 | $26.5M | Add +67.9% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 1.46% | 572,516 | $12.7M | Add +75.1% |
| NVDA Nvidia Corp. | 0.61% | 5,903 | $5.3M | Add +44.6% |
| MRSH Marsh & McLennan Cos | 0.49% | 20,756 | $4.3M | Reduce -2.6% |
| MICROSOFT | 0.45% | 9,366 | $3.9M | Reduce -7.3% |
| V Visa Inc. Class A | 0.43% | 13,257 | $3.7M | Reduce -5.0% |
| SALES FORCE INC | 0.41% | 11,869 | $3.6M | Reduce -3.0% |
| EA Electronic Arts Inc. | 0.41% | 26,932 | $3.6M | Reduce -13.6% |
| GOOGL Alphabet Inc. Class A | 0.41% | 23,528 | $3.6M | New |
| SPGI S&P Global Inc. | 0.41% | 8,325 | $3.5M | Reduce -2.3% |
| AMT American Tower Corp. | 0.39% | 17,088 | $3.4M | Add +15.6% |
| ZOETIS INC | 0.39% | 19,896 | $3.4M | Add +6.7% |
| BDX Becton Dickinson and Co. | 0.38% | 13,527 | $3.3M | Reduce -7.9% |
| CME GROUP INC | 0.35% | 14,088 | $3.0M | Add +10.8% |
| URI United Rentals Inc. | 0.33% | 3,982 | $2.9M | Reduce -12.2% |
| ENPHASE ENERGY | 0.25% | 17,718 | $2.1M | Add +23.9% |
| ADBE Adobe Inc. | 0.22% | 3,833 | $1.9M | Reduce -33.2% |
| THERMO FISHER SCIENTIFIC INC | 0.21% | 3,220 | $1.9M | Reduce -12.8% |
| GXO Gxo Logistics Inc. | 0.16% | 25,520 | $1.4M | Reduce -31.3% |
| CL Colgate-Palmolive Co. | 0.14% | 13,944 | $1.3M | Reduce -2.9% |
| ADVANCED DRAINAGE SYSTEMS | 0.13% | 6,382 | $1.1M | Reduce -1.5% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.11% | 13,764 | $922K | Add +17.0% |
| CHURCH & DWIGHT COMPANY | 0.07% | 5,792 | $604K | Reduce -3.1% |
| CBRE GROUP INC | 0.05% | 4,374 | $425K | New |
Portfolio Sells Q4 2023 → Q1 2024
| HDB HDFC Bank Ltd.-ADR | Reduce -2.0% | 13.72% | −3.58 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -24.7% | 29.03% | −1.34 |
| MELI MercadoLibre Inc. | Reduce -0.3% | 14.68% | −1.09 |
| ADBE Adobe Inc. | Reduce -33.2% | 0.22% | −0.18 |
| GXO Gxo Logistics Inc. | Reduce -31.3% | 0.16% | −0.11 |
| EA Electronic Arts Inc. | Reduce -13.6% | 0.41% | −0.09 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.09 |
| SYNOPSYS | Sold out | 0.00% | −0.06 |
| BDX Becton Dickinson and Co. | Reduce -7.9% | 0.38% | −0.04 |
| SPGI S&P Global Inc. | Reduce -2.3% | 0.41% | −0.04 |
| THERMO FISHER SCIENTIFIC INC | Reduce -12.8% | 0.21% | −0.02 |
| V Visa Inc. Class A | Reduce -5.0% | 0.43% | −0.01 |
| CHURCH & DWIGHT COMPANY | Reduce -3.1% | 0.07% | +0.00 |
| MICROSOFT | Reduce -7.3% | 0.45% | +0.00 |
| CL Colgate-Palmolive Co. | Reduce -2.9% | 0.14% | +0.01 |
| MRSH Marsh & McLennan Cos | Reduce -2.6% | 0.49% | +0.01 |
| ADVANCED DRAINAGE SYSTEMS | Reduce -1.5% | 0.13% | +0.02 |
| URI United Rentals Inc. | Reduce -12.2% | 0.33% | +0.02 |
| SALES FORCE INC | Reduce -3.0% | 0.41% | +0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| AMOV America Movil-SPN ADR Class L | Add +15.7% | 19.04% | +2.21 |
| FMX Fomento Economico Mex-SP ADR | Add +79.3% | 5.02% | +2.13 |
| PAC Grupo Aeroportuario Pac-ADR | Add +67.9% | 3.05% | +1.04 |
| TLK Telkom Indonesia Persero-ADR | Add +75.1% | 1.46% | +0.47 |
| GOOGL Alphabet Inc. Class A | New | 0.41% | +0.41 |
| NVDA Nvidia Corp. | Add +44.6% | 0.61% | +0.37 |
| CBRE GROUP INC | New | 0.05% | +0.05 |
| CME GROUP INC | Add +10.8% | 0.35% | +0.03 |
| ENPHASE ENERGY | Add +23.9% | 0.25% | +0.02 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +17.0% | 0.11% | +0.02 |
| AMT American Tower Corp. | Add +15.6% | 0.39% | +0.01 |
| ZOETIS INC | Add +6.7% | 0.39% | −0.05 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +1.0% | 7.20% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $741.8M | AMOV, MELI, HDB, ITUB, FMX |
| Q1 2026 | 8 | $866.7M | AMOV, MELI, HDB, ITUB, FMX |
| Q4 2025 | 8 | $866.9M | MELI, AMOV, HDB, ITUB, PAC |
| Q3 2025 | 8 | $723.4M | AMOV, MELI, HDB, ITUB, PAC |
| Q2 2025 | 8 | $785.7M | HDB, MELI, AMOV, ITUB, PAC |
| Q4 2024 | 31 | $625.3M | HDB, AMOV, MELI, ITUB, PAC |
| Q3 2024 | 34 | $675.3M | MELI, AMOV, HDB, ITUB, FMX |
| Q2 2024 | 31 | $672.8M | AMOV, MELI, HDB, ITUB, FMX |
| Q1 2024 | 30 | $870.3M | TSM, AMOV, MELI, HDB, ITUB |