Cape Ann Asset Management Ltd Concentrated Active

Location: London, United Kingdom

CIK: 0001768237 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 11, 2026

Total Value: $434M (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (1)

TME TENCENT MUSIC ENTMT GROUP 8.5%

Value $36.96M Shares 4,426,136 Est. Cost $8.35 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TME	TENCENT MUSIC ENTMT GROUP	4,426,136	$36.96M	8.5%	$8.35	—	SPON ADS	88034P109

Increased Positions (3)

VIST VISTA ENERGY S.A.B. DE C.V. 14.4%

Value $62.5M (-11.1%) Shares 979,693 (+5.1%) Est. Cost $55.51 Unrealized —

EGO ELDORADO GOLD CORP 6.7%

Value $29.01M (+11.4%) Shares 933,066 (+23.0%) Est. Cost $40.48 Unrealized —

ERO ERO COPPER CORP 12.6%

Value $54.94M (+5.7%) Shares 2,053,705 (+5.4%) Est. Cost $19.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VIST	VISTA ENERGY S.A.B. DE C.V.	979,693 (+5.1%)	$62.5M (-11.1%)	14.4%	$55.51	—	SPONSORED ADS	92837L109
EGO	ELDORADO GOLD CORP	933,066 (+23.0%)	$29.01M (+11.4%)	6.7%	$40.48	—	COM	284902509
ERO	ERO COPPER CORP	2,053,705 (+5.4%)	$54.94M (+5.7%)	12.6%	$19.49	—	COM	296006109

Decreased Positions (8)

KGC KINROSS GOLD CORP 19.1%

Value $82.91M (-28.0%) Shares 3,510,314 (-6.9%) Est. Cost $7.09 Unrealized —

LAUR LAUREATE EDUCATION INC 0.1%

Value $241K (-98.7%) Shares 6,637 (-98.8%) Est. Cost $15.28 Unrealized —

CPA COPA HOLDINGS SA 5.1%

Value $22.29M (+28.0%) Shares 143,256 (-6.5%) Est. Cost $88.34 Unrealized —

BMA BANCO MACRO SA 9.4%

Value $40.73M (+11.8%) Shares 439,918 (-6.6%) Est. Cost $70.74 Unrealized —

PBR/A PETROLEO BRASILEIRO SA PETRO 1.8%

Value $7.919M (-29.0%) Shares 540,913 (-9.1%) Est. Cost $10.42 Unrealized —

BAP CREDICORP LTD 9.2%

Value $40.17M (+7.3%) Shares 103,105 (-6.6%) Est. Cost $128.38 Unrealized —

KSPI KASPI KZ JSC 3.3%

Value $14.2M (+9.2%) Shares 163,880 (-6.6%) Est. Cost $81.68 Unrealized —

TX TERNIUM SA 9.8%

Value $42.55M (-0.8%) Shares 996,424 (-6.7%) Est. Cost $27.82 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KGC	KINROSS GOLD CORP	3,510,314 (-6.9%)	$82.91M (-28.0%)	19.1%	$7.09	—	COM	496902404
LAUR	LAUREATE EDUCATION INC	6,637 (-98.8%)	$241K (-98.7%)	0.1%	$15.28	—	COMMON STOCK	518613203
CPA	COPA HOLDINGS SA	143,256 (-6.5%)	$22.29M (+28.0%)	5.1%	$88.34	—	CL A	P31076105
BMA	BANCO MACRO SA	439,918 (-6.6%)	$40.73M (+11.8%)	9.4%	$70.74	—	SPON ADR B	05961W105
PBR/A	PETROLEO BRASILEIRO SA PETRO	540,913 (-9.1%)	$7.919M (-29.0%)	1.8%	$10.42	—	SP ADR NON VTG	71654V101
BAP	CREDICORP LTD	103,105 (-6.6%)	$40.17M (+7.3%)	9.2%	$128.38	—	COM	G2519Y108
KSPI	KASPI KZ JSC	163,880 (-6.6%)	$14.2M (+9.2%)	3.3%	$81.68	—	SPONSORED ADS	48581R205
TX	TERNIUM SA	996,424 (-6.7%)	$42.55M (-0.8%)	9.8%	$27.82	—	SPONSORED ADS	880890108