Northcape Capital Pty Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Northcape Capital Pty Ltd reported 8 stock positions worth $723.4 million. Its top holding was America Movil-SPN ADR Class L (AMOV) at 26.0% of the portfolio, followed by MercadoLibre (MELI, 25.8%) and HDFC Bank Ltd.-ADR (HDB, 24.9%). Compared with Q2 2025, it added to 2 and reduced 6. The biggest buy was Telkom Indonesia Persero-ADR (TLK, shares +33%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, C3
- CIK
- 0001686776
- Portfolio Value
- $723.4M (Q3 2025)
- SEC Filing
- 0001686776-25-000012 ↗ filed Oct 22, 2025
Holdings Value
Holdings 8 stocks · $723.4M
| AMOV America Movil-SPN ADR Class L | 25.97% | 8,946,946 | $187.9M | Reduce -15.1% |
| MELI MercadoLibre Inc. | 25.84% | 79,986 | $186.9M | Reduce -2.5% |
| HDB HDFC Bank Ltd.-ADR | 24.85% | 5,263,443 | $179.8M | Reduce -6.5% |
| ITUB Itau Unibanco H-Spon PRF ADR | 9.94% | 9,797,690 | $71.9M | Reduce -9.3% |
| PAC Grupo Aeroportuario Pac-ADR | 6.16% | 187,835 | $44.6M | Reduce -3.9% |
| FMX Fomento Economico Mex-SP ADR | 5.31% | 389,519 | $38.4M | Add +7.9% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 1.55% | 594,101 | $11.2M | Add +33.1% |
| SPGI S&P Global Inc. | 0.38% | 5,631 | $2.7M | Reduce -10.1% |
Portfolio Sells Q2 2025 → Q3 2025
| HDB HDFC Bank Ltd.-ADR | Reduce -6.5% | 24.85% | −2.62 |
| MELI MercadoLibre Inc. | Reduce -2.5% | 25.84% | −1.45 |
| SPGI S&P Global Inc. | Reduce -10.1% | 0.38% | −0.04 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -3.9% | 6.16% | +0.45 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -9.3% | 9.94% | +0.61 |
| AMOV America Movil-SPN ADR Class L | Reduce -15.1% | 25.97% | +1.90 |
Portfolio Buys Q2 2025 → Q3 2025
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 |