# Fundamenta Capital S.A.: Form 13F holdings

An institutional investment manager in MONTEVIDEO. SEC CIK 2088289.

- Quarter ended: 2026-06-30
- Filed: 2026-07-28
- Reported value: $172.4m
- Positions: 14 (14 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/2088289/000208828926000004/

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| CREDICORP LTD | COM | $27.3m | 15.8% | 70,000 |  | Added +21,500 |
| [ENEL CHILE SA (ENIC)](/companies/enic.md) | SPONSORED ADR | $21.9m | 12.7% | 4,875,363 |  | New +4,875,363 |
| [PAMPA ENERGIA SA (PAM)](/companies/pam.md) | SPONS ADR LVL I | $18.0m | 10.5% | 219,498 |  | Reduced −43,215 |
| [TRANSPORTADORA DE GAS DEL SU (TGS)](/companies/tgs.md) | SPONSORED ADS B | $16.4m | 9.5% | 551,743 |  | Reduced −18,270 |
| [COMPANIA CERVECERIAS UNIDAS (CCU)](/companies/ccu.md) | SPONSORED ADR | $13.4m | 7.8% | 1,194,528 |  | New +1,194,528 |
| [VISTA ENERGY S.A.B. DE C.V. (VIST)](/companies/vist.md) | SPONSORED ADS | $13.3m | 7.7% | 209,000 |  | Unchanged |
| [BANCO SANTANDER CHILE NEW (BSAC)](/companies/bsac.md) | SP ADR REP COM | $13.1m | 7.6% | 398,778 |  | New +398,778 |
| [EMBRAER S.A. (EMBJ)](/companies/embj.md) | SPONSORED ADS | $10.0m | 5.8% | 156,126 |  | Added +86,126 |
| [GRUPO FINANCIERO GALICIA S.A (GGAL)](/companies/ggal.md) | SPONSORED ADR | $9.1m | 5.3% | 182,260 |  | New +182,260 |
| [TELECOM ARGENTINA SA (TEO)](/companies/teo.md) | SPON ADR REP B | $9.1m | 5.3% | 697,869 |  | New +697,869 |
| [BANCO DE CHILE (BCH)](/companies/bch.md) | SPONSORED ADS | $7.8m | 4.5% | 195,726 |  | New +195,726 |
| ARCOS DORADOS HLDGS INC | SHS CLASS -A - | $6.2m | 3.6% | 769,415 |  | Reduced −168,824 |
| [AXIA ENERGIA SA (AXIAY)](/companies/axiay.md) | SPONSORED ADR | $3.5m | 2.0% | 333,367 |  | New +333,367 |
| [SOCIEDAD QUIMICA Y MINERA DE (SQM)](/companies/sqm.md) | SPON ADR SER B | $3.3m | 1.9% | 44,400 |  | New +44,400 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [CEMEX SA EURO MTN BE 144A (CX)](/companies/cx.md) | SPON ADR NEW | $0 | 0.0% | 0 |  | Sold out −438,560 |
| [COMPANIA DE MINAS BUENAVENTU (BVN)](/companies/bvn.md) | SPONSORED ADR | $0 | 0.0% | 0 |  | Sold out −115,000 |
| [CONTROLADORA VUELA COMP DE A (VLRS)](/companies/vlrs.md) | SPON ADR RP 10 | $0 | 0.0% | 0 |  | Sold out −33,915 |
| [FOMENTO ECONOMICO MEXICANO S (FMX)](/companies/fmx.md) | SPON ADR UNITS | $0 | 0.0% | 0 |  | Sold out −83,841 |
| [LOMA NEGRA C I A S A MTN  14 (LOMA)](/companies/loma.md) | SPONSORED ADS | $0 | 0.0% | 0 |  | Sold out −956,586 |

Source: SEC EDGAR, Form 13F-HR, accession 0002088289-26-000004. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.