Northcape Capital Pty Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 17, 2024), Northcape Capital Pty Ltd reported 31 stock positions worth $672.8 million. Its top holding was America Movil-SPN ADR Class L (AMOV) at 25.3% of the portfolio, followed by MercadoLibre (MELI, 23.3%) and HDFC Bank Ltd.-ADR (HDB, 22.9%). Compared with Q1 2024, it opened 3 new positions, sold out of 2, added to 16 and reduced 12. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +12%) and the biggest sale an exit from Taiwan Semiconductor-SP ADR (TSM).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, C3
- CIK
- 0001686776
- Portfolio Value
- $672.8M (Q2 2024)
- SEC Filing
- 0001686776-24-000004 ↗ filed Jul 17, 2024
Holdings Value
Holdings 31 stocks · $672.8M
| AMOV America Movil-SPN ADR Class L | 25.35% | 10,030,969 | $170.5M | Add +12.9% |
| MELI MercadoLibre Inc. | 23.30% | 95,397 | $156.8M | Add +12.9% |
| HDB HDFC Bank Ltd.-ADR | 22.91% | 2,395,533 | $154.1M | Add +12.3% |
| ITUB Itau Unibanco H-Spon PRF ADR | 8.30% | 9,564,344 | $55.9M | Add +5.7% |
| FMX Fomento Economico Mex-SP ADR | 5.49% | 343,044 | $36.9M | Add +2.3% |
| PAC Grupo Aeroportuario Pac-ADR | 3.75% | 161,811 | $25.2M | Reduce -0.4% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 1.57% | 566,082 | $10.6M | Reduce -1.1% |
| NVDA Nvidia Corp. | 1.01% | 55,127 | $6.8M | Reduce -6.6% |
| GOOGL Alphabet Inc. Class A | 0.78% | 28,720 | $5.2M | Add +22.1% |
| V Visa Inc. Class A | 0.62% | 15,997 | $4.2M | Add +20.7% |
| MICROSOFT | 0.61% | 9,240 | $4.1M | Reduce -1.4% |
| SALES FORCE INC | 0.61% | 15,966 | $4.1M | Add +34.5% |
| ZOETIS INC | 0.61% | 23,499 | $4.1M | Add +18.1% |
| MRSH Marsh & McLennan Cos | 0.56% | 17,767 | $3.7M | Reduce -14.4% |
| SPGI S&P Global Inc. | 0.50% | 7,497 | $3.3M | Reduce -9.9% |
| CME GROUP INC | 0.46% | 15,708 | $3.1M | Add +11.5% |
| AMT American Tower Corp. | 0.44% | 15,232 | $3.0M | Reduce -10.9% |
| BDX Becton Dickinson and Co. | 0.42% | 12,153 | $2.8M | Reduce -10.2% |
| URI United Rentals Inc. | 0.34% | 3,549 | $2.3M | Reduce -10.9% |
| THERMO FISHER SCIENTIFIC INC | 0.33% | 3,987 | $2.2M | Add +23.8% |
| ADBE Adobe Inc. | 0.33% | 3,964 | $2.2M | Add +3.4% |
| EA Electronic Arts Inc. | 0.32% | 15,680 | $2.2M | Reduce -41.8% |
| ADVANCED DRAINAGE SYSTEMS | 0.28% | 11,749 | $1.9M | Add +84.1% |
| GXO Gxo Logistics Inc. | 0.25% | 33,794 | $1.7M | Add +32.4% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.17% | 19,730 | $1.1M | Add +43.3% |
| CL Colgate-Palmolive Co. | 0.13% | 8,861 | $860K | Reduce -36.5% |
| CHURCH & DWIGHT COMPANY | 0.12% | 7,746 | $803K | Add +33.7% |
| ISRG Intuitive Surgical Inc. | 0.12% | 1,795 | $799K | New |
| ENPHASE ENERGY | 0.12% | 8,005 | $798K | Reduce -54.8% |
| DE Deere & Co. | 0.11% | 1,894 | $708K | New |
| NKE Nike Inc. Class B | 0.10% | 9,169 | $691K | New |
Portfolio Sells Q1 2024 → Q2 2024
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −29.03 |
| ENPHASE ENERGY | Reduce -54.8% | 0.12% | −0.13 |
| EA Electronic Arts Inc. | Reduce -41.8% | 0.32% | −0.09 |
| CBRE GROUP INC | Sold out | 0.00% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -36.5% | 0.13% | −0.02 |
| URI United Rentals Inc. | Reduce -10.9% | 0.34% | +0.01 |
| BDX Becton Dickinson and Co. | Reduce -10.2% | 0.42% | +0.04 |
| AMT American Tower Corp. | Reduce -10.9% | 0.44% | +0.05 |
| MRSH Marsh & McLennan Cos | Reduce -14.4% | 0.56% | +0.07 |
| SPGI S&P Global Inc. | Reduce -9.9% | 0.50% | +0.09 |
| TLK Telkom Indonesia Persero-ADR | Reduce -1.1% | 1.57% | +0.11 |
| MICROSOFT | Reduce -1.4% | 0.61% | +0.16 |
| NVDA Nvidia Corp. | Reduce -6.6% | 1.01% | +0.40 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -0.4% | 3.75% | +0.70 |
Portfolio Buys Q1 2024 → Q2 2024
| HDB HDFC Bank Ltd.-ADR | Add +12.3% | 22.91% | +9.19 |
| MELI MercadoLibre Inc. | Add +12.9% | 23.30% | +8.62 |
| AMOV America Movil-SPN ADR Class L | Add +12.9% | 25.35% | +6.30 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +5.7% | 8.30% | +1.10 |
| FMX Fomento Economico Mex-SP ADR | Add +2.3% | 5.49% | +0.47 |
| GOOGL Alphabet Inc. Class A | Add +22.1% | 0.78% | +0.37 |
| ZOETIS INC | Add +18.1% | 0.61% | +0.22 |
| SALES FORCE INC | Add +34.5% | 0.61% | +0.20 |
| V Visa Inc. Class A | Add +20.7% | 0.62% | +0.20 |
| ADVANCED DRAINAGE SYSTEMS | Add +84.1% | 0.28% | +0.15 |
| ISRG Intuitive Surgical Inc. | New | 0.12% | +0.12 |
| THERMO FISHER SCIENTIFIC INC | Add +23.8% | 0.33% | +0.11 |
| CME GROUP INC | Add +11.5% | 0.46% | +0.11 |
| DE Deere & Co. | New | 0.11% | +0.11 |
| ADBE Adobe Inc. | Add +3.4% | 0.33% | +0.11 |
| NKE Nike Inc. Class B | New | 0.10% | +0.10 |
| GXO Gxo Logistics Inc. | Add +32.4% | 0.25% | +0.10 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +43.3% | 0.17% | +0.06 |
| CHURCH & DWIGHT COMPANY | Add +33.7% | 0.12% | +0.05 |
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 |