# Cape Ann Asset Management Ltd: Form 13F holdings

An institutional investment manager in LONDON. SEC CIK 1768237.

- Quarter ended: 2026-06-30
- Filed: 2026-08-11
- Reported value: $434.4m
- Positions: 12 (12 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1768237/000092963826002977/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [KINROSS GOLD CORP (KGC)](/companies/kgc.md) | COM | $82.9m | 19.1% | 3,510,314 |  | Reduced −260,770 |
| [VISTA ENERGY S.A.B. DE C.V. (VIST)](/companies/vist.md) | SPONSORED ADS | $62.5m | 14.4% | 979,693 |  | Added +47,851 |
| [ERO COPPER CORP (ERO)](/companies/ero.md) | COM | $54.9m | 12.6% | 2,053,705 |  | Added +104,577 |
| [TERNIUM SA (TX)](/companies/tx.md) | SPONSORED ADS | $42.5m | 9.8% | 996,424 |  | Reduced −71,387 |
| [BANCO MACRO SA (BMA)](/companies/bma.md) | SPON ADR B | $40.7m | 9.4% | 439,918 |  | Reduced −30,990 |
| CREDICORP LTD | COM | $40.2m | 9.2% | 103,105 |  | Reduced −7,248 |
| [TENCENT MUSIC ENTMT GROUP (TME)](/companies/tme.md) | SPON ADS | $37.0m | 8.5% | 4,426,136 |  | New +4,426,136 |
| [ELDORADO GOLD CORP (EGO)](/companies/ego.md) | COM | $29.0m | 6.7% | 933,066 |  | Added +174,412 |
| COPA HOLDINGS SA | CL A | $22.3m | 5.1% | 143,256 |  | Reduced −9,992 |
| [KASPI KZ JSC (KSPI)](/companies/kspi.md) | SPONSORED ADS | $14.2m | 3.3% | 163,880 |  | Reduced −11,632 |
| [PETROLEO BRASILEIRO SA PETRO (PBR)](/companies/pbr.md) | SP ADR NON VTG | $7.9m | 1.8% | 540,913 |  | Reduced −53,900 |
| [LAUREATE EDUCATION INC (LAUR)](/companies/laur.md) | COMMON STOCK | $241.1k | <0.1% | 6,637 |  | Reduced −526,385 |

Source: SEC EDGAR, Form 13F-HR, accession 0000929638-26-002977. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.