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Holdings, Q3 2026

Largest first. Common shares only; puts and calls are under All positions.

Latest 13F holdings
#The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here.Filing
1XP
XP Inc.
1.47M$30.9M8.4%+47.1%13F ↗
2IAU
iShares Gold Trust · Ishares New
350,000$27.3M7.4%New13F ↗
3GGAL
Grupo Financiero Galicia S.A. · ADR
726,626$27.1M7.4%+10.3%13F ↗
4VIST
Vista Energy S.A.B. de C.V. · ADR
394,602$25.8M7.0%-35.0%13F ↗
5NEXA
Nexa Resources S.A.
1.57M$19.2M5.2%+15.2%13F ↗
6B
Barrick Mining Corporation
400,000$16.3M4.4%Unchanged13F ↗
7ZIM
ZIM Integrated Shipping Services Ltd.
540,349$15.8M4.3%-17.5%13F ↗
8ARIS
Aris Mining Corporation
811,400$14.1M3.8%+160%13F ↗
9PICS
PicS N.V.
1.30M$11.0M3.0%Unchanged13F ↗
10CPA
Copa Holdings, S.A.
74,439$9.8M2.7%New13F ↗
11YPF
YPF Sociedad Anonima · ADR
127,384$6.4M1.7%New13F ↗
12ERO
Ero Copper Corp.
150,000$5.5M1.5%New13F ↗
13SUPV
Grupo Supervielle S.A. · ADR
721,003$5.1M1.4%New13F ↗
14AZUL
Azul S.A. · ADR
633,562$5.0M1.4%-24.9%13F ↗
15USAS
Americas Gold and Silver Corporation
483,933$2.1M0.6%+307%13F ↗
16BBAR
Banco BBVA Argentina S.A. · ADR
150,527$1.9M0.5%-70.0%13F ↗
17AUNA
Auna SA
268,783$1.3M0.4%New13F ↗
18Lithium Argentina AG
Note 1.750% 1/1
1.27M$1.3M0.3%Unchanged13F ↗

Changes since Q2 2026

6 new, 5 added to, 4 trimmed, 7 exited, 3 unchanged. By estimated dollars.

New positions (6)

New positions
IAU
iShares Gold Trust · Ishares New
350,000New$27.3M
CPA
Copa Holdings, S.A.
74,439New$9.8M
YPF
YPF Sociedad Anonima · ADR
127,384New$6.4M
ERO
Ero Copper Corp.
150,000New$5.5M
SUPV
Grupo Supervielle S.A. · ADR
721,003New$5.1M
AUNA
Auna SA
268,783New$1.3M

Added to (5)

Added to
XP
XP Inc.
1.47M+47.1%$9.9M
ARIS
Aris Mining Corporation
811,400+160%$8.7M
NEXA
Nexa Resources S.A.
1.57M+15.2%$2.5M
GGAL
Grupo Financiero Galicia S.A. · ADR
726,626+10.3%$2.5M
USAS
Americas Gold and Silver Corporation
483,933+307%$1.6M

Trimmed (4)

Trimmed
VIST
Vista Energy S.A.B. de C.V. · ADR
394,602-35.0%-$13.9M
BBAR
Banco BBVA Argentina S.A. · ADR
150,527-70.0%-$4.5M
ZIM
ZIM Integrated Shipping Services Ltd.
540,349-17.5%-$3.4M
AZUL
Azul S.A. · ADR
633,562-24.9%-$1.7M

Exited (7)

Exited
TX
Ternium S.A. Ternium S.A. · ADR
204,756Exited-$8.7M
DHT
DHT Holdings, Inc. · Common Stocks
453,888Exited-$7.5M
GLOB
Globant S.A.
205,700Exited-$6.0M
iShares Tr
Etf
36,200Exited-$3.9M
CPAC
Cementos Pacasmayo S.A.A.
157,531Exited-$1.9M
DLO
DLocal Limited
119,167Exited-$1.5M
EC
Ecopetrol S.A. · ADR
74,889Exited-$1.1M

The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.

All positions

Search, sort and filter every position, with puts and calls on their own tab. Premium plan.

Compare two quarters

Pick any two quarters: what is new, added to, trimmed or exited. Premium plan.

Reported value by quarter

Value and number of positions at the end of each quarter.

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Largest positions in earlier quarters

Pick a quarter to see what the fund's biggest positions were then.

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Ten largest positions

By value, Q3 2026.

$0$10.0M$20.0M$30.0M$40.0MXP · Value: $30,878,816XPIAU · Value: $27,335,000IAUGGAL · Value: $27,059,552GGALVIST · Value: $25,787,241VISTNEXA · Value: $19,196,068NEXAB · Value: $16,268,000BZIM · Value: $15,843,033ZIMARIS · Value: $14,110,066ARISPICS · Value: $11,024,000PICSCPA · Value: $9,814,782CPA

Filings

13F filings
Filing
Q3 2026Nov 12, 202613F-HR23$367.0MCurrentSEC ↗
Q2 2026Aug 13, 202613F-HR25$280.0MCurrentSEC ↗
Q1 2026May 14, 202613F-HR19$263.0MCurrentSEC ↗
Q4 2025Feb 12, 202613F-HR21$438.9MCurrentSEC ↗
Q3 2025Nov 13, 202513F-HR18$361.8MCurrentSEC ↗
Q2 2025Aug 12, 202513F-HR18$237.6MCurrentSEC ↗
Q1 2025May 12, 202513F-HR17$252.9MCurrentSEC ↗

Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings

Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer