Managers / Q3 2022 · view latest →
Cape Ann Asset Management Ltd
CIK 0001768237 · 1 DUKE'S MEWS, LONDON, W1U 3ET · 44 203 443 8480
Summary
Cape Ann Asset Management Ltd reported $83M in U.S.-listed holdings across 8 positions for Q3 2022.
The portfolio is heavily concentrated: TX alone accounts for 31.3% of reported value.
Compared with Q2 2022, the fund opened 0 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ADR · 43.6% · $36M
- Other · 36.8% · $31M
- Common Stock · 19.6% · $16M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BIDUNBAIDU INC | SOLD OUT | −548.6K | 0 | −$82M | $0 |
| VALE S A | ADDED | +41.3K | 226.3K | +$307,000 | $3M |
| CREDICORP LTD | ADDED | +25.1K | 204.7K | +$4M | $25M |
| TXTERNIUM SA | ADDED | +96.9K | 953.2K | −$5M | $26M |
| PETROLEO BRASILEIRO SA PETRO | HELD | −30.5K | 602.3K | −$53,000 | $7M |
| LUFAX HOLDING LTD | HELD | −90.4K | 2.20M | −$8M | $6M |
| KGCKINROSS GOLD CORP | HELD | −110.3K | 4.35M | +$387,000 | $16M |
| IBNICICI BANK LIMITED | HELD | +0 | 14.0K | +$46,000 | $294,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TXTERNIUM SAhistory → | SPONSORED ADS | 31.30% | $26M | 953.2K |
| 2 | CREDICORP LTD | COM | 30.15% | $25M | 204.7K |
| 3 | KGCKINROSS GOLD CORPhistory → | COM | 19.59% | $16M | 4.35M |
| 4 | PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 8.00% | $7M | 602.3K |
| 5 | LUFAX HOLDING LTD | ADS REP SHS CL A | 6.69% | $6M | 2.20M |
| 6 | VALE S A | SPONSORED ADS | 3.61% | $3M | 226.3K |
| 7 | IBNICICI BANK LIMITED | ADR | 0.35% | $294,000 | 14.0K |
| 8 | DR REDDYS LABS LTD | ADR | 0.30% | $251,000 | 4.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $440M | 11 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $368M | 10 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $297M | 11 | Nov 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $233M | 9 | Aug 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $163M | 7 | May 8, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2024 | $159M | 8 | Feb 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $146M | 6 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $117M | 6 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $112M | 5 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $111M | 6 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $105M | 6 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $112M | 6 | Aug 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $107M | 6 | May 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $91M | 6 | Feb 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $83M | 8 | Nov 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $174M | 9 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $171M | 7 | Apr 29, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $177M | 7 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $199M | 9 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $216M | 9 | Aug 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $220M | 10 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $260M | 10 | Feb 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $248M | 11 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $244M | 11 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $151M | 8 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $163M | 8 | Feb 11, 2020 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.