Cape Ann Asset Management Ltd

CIK

1768237

Location

LONDON, X0

Portfolio Value

Small $429,164,888

Diversification

Diversified

Filing Date

Global Rank

#2,540 / 8,232 ▲ 427

Top Industry

Gold 32.9%

3Y Alpha vs SPY

+18.6%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+171.0%

SPY

+76.3%

Annualised alpha

+18.6%

Max drawdown

−18.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

26.8%

−0.8 pts

Top 5

74.0%

+0.8 pts

Top 10

100.0%

0.0 pts

HHI

1,464

Diversified−20

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	55.0%	$235,993,928	4
Financial Services	17.2%	$73,863,681	2
Energy	16.4%	$70,326,115	1
Consumer Defensive	4.3%	$18,570,486	1
Industrials	4.1%	$17,410,505	1
Technology	3.0%	$13,000,173	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
VIST	Vista Energy, S.A.B. de C.V.	+241,942	931,842	$70,326,115
KGC	Kinross Gold Corp	+232,846	3,771,084	$115,093,483
ERO	Ero Copper Corp.	+231,485	1,949,128	$51,983,243
BMA	Macro Bank Inc.	+5,892	470,908	$36,434,151
KSPI	Joint Stock Co Kaspi.kz	+412	175,512	$13,000,173
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
LAUR	Laureate Education, Inc.	−201,878	533,022	$18,570,486
CPA	Copa Holdings, S.A.	−66,552	153,248	$17,410,505
TX	Ternium S.A.	−838	1,067,811	$42,872,611
BAP	Credicorp Ltd	−44	110,353	$37,429,530
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
EGO	Eldorado Gold Corp /Fi	758,654	$26,044,591
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

10 positions · $429,164,888 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Defensive Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
KGC	Kinross Gold Corp Basic Materials	Added	3,771,084	+232,846	$115,093,483	+15.5%	26.82%
VIST	Vista Energy, S.A.B. de C.V. Energy	Added	931,842	+241,942	$70,326,115	+109.5%	16.39%
ERO	Ero Copper Corp. Basic Materials	Added	1,949,128	+231,485	$51,983,243	+7.0%	12.11%
TX	Ternium S.A. Basic Materials	Reduced	1,067,811	-838	$42,872,611	+5.0%	9.99%
BAP	Credicorp Ltd Financial Services	Reduced	110,353	-44	$37,429,530	+18.1%	8.72%
BMA	Macro Bank Inc. Financial Services	Added	470,908	+5,892	$36,434,151	−13.1%	8.49%
EGO	Eldorado Gold Corp /Fi Basic Materials	NEW	758,654	NEW	$26,044,591	NEW	6.07%
LAUR	Laureate Education, Inc. Consumer Defensive	Reduced	533,022	-201,878	$18,570,486	−24.9%	4.33%
CPA	Copa Holdings, S.A. Industrials	Reduced	153,248	-66,552	$17,410,505	−34.3%	4.06%
KSPI	Joint Stock Co Kaspi.kz Technology	Added	175,512	+412	$13,000,173	−5.0%	3.03%