Fundamenta Capital S.A.

CIK

2088289

Location

MONTEVIDEO, X3

Portfolio Value

Small $116,423,169

Diversification

Diversified

Filing Date

Global Rank

#5,010 / 8,232 ▼ 182

Top Industry

Conglomerates 20.0%

3Y Alpha vs SPY

-5.2%

Period ended 2 months ago

Filed May 4, 2026 · 40d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

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

Cloned portfolio

+7.7%

SPY

+9.1%

Annualised alpha

-5.2%

Max drawdown

−9.6%

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

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

Top Position

20.0%

+3.9 pts

Top 5

73.7%

+8.3 pts

Top 10

99.8%

−0.2 pts

HHI

1,304

Diversified+137

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	30.5%	$35,501,379	2
Industrials	23.7%	$27,649,444	3
Basic Materials	17.0%	$19,770,264	3
Financial Services	14.1%	$16,450,230	1
Consumer Defensive	8.0%	$9,311,381	1
Consumer Cyclical	6.6%	$7,740,471	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	−54,000	956,586	$10,608,538
FMX	Mexican Economic Development Inc	−50,000	83,841	$9,311,381
TGS	Gas Transporter Of The South Inc	−27,134	570,013	$19,728,149
PAM	Pampa Energy Inc.	−2,751	262,713	$23,250,100
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
BAP	Credicorp Ltd	48,500	$16,450,230
VIST	Vista Energy, S.A.B. de C.V.	209,000	$15,773,230
ARCO	Arcos Dorados Holdings Inc.	938,239	$7,740,471
CX	Cemex Sab De CV	438,560	$5,017,126
EMBJ	Embraer S.A.	70,000	$4,153,800
BVN	Buenaventura Mining Co Inc	115,000	$4,144,600
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V.	33,915	$245,544
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
EC	Ecopetrol S.A.	2,009,495	$20,135,139
BMA	Macro Bank Inc.	190,000	$17,130,400
PBR	Petrobras - Petroleo Brasileiro SA	1,355,652	$16,064,476
LTM	Latam Airlines Group S.A.	277,491	$14,987,288
INTR	Inter & Co, Inc.	830,989	$7,046,786
CIB	Grupo Cibest S.A.	30,000	$1,908,300
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 positions · $116,423,169 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PAM	Pampa Energy Inc. Industrials	Reduced	262,713	-2,751	$23,250,100	−1.0%	19.97%
TGS	Gas Transporter Of The South Inc Energy	Reduced	570,013	-27,134	$19,728,149	+6.3%	16.95%
BAP	Credicorp Ltd Financial Services	NEW	48,500	NEW	$16,450,230	NEW	14.13%
VIST	Vista Energy, S.A.B. de C.V. Energy	NEW	209,000	NEW	$15,773,230	NEW	13.55%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Reduced	956,586	-54,000	$10,608,538	−18.9%	9.11%
FMX	Mexican Economic Development Inc Consumer Defensive	Reduced	83,841	-50,000	$9,311,381	−31.2%	8.00%
ARCO	Arcos Dorados Holdings Inc. Consumer Cyclical	NEW	938,239	NEW	$7,740,471	NEW	6.65%
CX	Cemex Sab De CV Basic Materials	NEW	438,560	NEW	$5,017,126	NEW	4.31%
EMBJ	Embraer S.A. Industrials	NEW	70,000	NEW	$4,153,800	NEW	3.57%
BVN	Buenaventura Mining Co Inc Basic Materials	NEW	115,000	NEW	$4,144,600	NEW	3.56%
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Industrials	NEW	33,915	NEW	$245,544	NEW	0.21%