Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (32 quarters reported)
$149M in Q4 2017 → $2.95M now. Hover for any quarter.
As reported for the quarter ended September 30, 2025. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| NH Nu Hldgs Ltd | 64.4% | Trimmed 0.4% | 118,786 | $1.9M |
| Credicorp Ltd | 29.5% | Trimmed 91% | 3,271 | $871K |
| Stoneco Ltd | 6.1% | Trimmed 0.4% | 9,544 | $180K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Credicorp Ltd | Trimmed | −34,872 | −$9.29M | 29.5% |
| Grupo Cibest Sa | Exited | −100,929 | −$4.66M | — |
| CD Compania De Minas Buenaventu | Exited | −158,765 | −$2.61M | — |
| Laureate Education Inc | Exited | −75,000 | −$1.75M | — |
| SQ Sociedad Quimica Y Minera De | Exited | −23,419 | −$826K | — |
| Geopark Ltd | Exited | −61,091 | −$398K | — |
| NH Nu Hldgs Ltd | Trimmed | −455 | −$7.29K | 64.4% |
| Stoneco Ltd | Trimmed | −34 | −$643 | 6.1% |
quarter ended June 30, 2025 · filed August 08, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Grupo Cibest Sa | New | +100,929 | +$4.66M | 22.7% |
| BS Bancolombia S A | Exited | −100,929 | −$4.06M | — |
| Credicorp Ltd | Added | +2,820 | +$630K | 41.5% |
| NH Nu Hldgs Ltd | Added | +30,154 | +$414K | 8.0% |
| Geopark Ltd | Trimmed | −48,500 | −$316K | 1.9% |
| Mercadolibre Inc | Exited | −118 | −$230K | — |
| Stoneco Ltd | New | +9,578 | +$154K | 0.7% |
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Mercadolibre Inc | Trimmed | −857 | −$1.67M | 1.3% |
| NH Nu Hldgs Ltd | Added | +31,630 | +$324K | 5.2% |
| Credicorp Ltd | Trimmed | −1,204 | −$224K | 37.3% |
| YS Ypf Sociedad Anonima | Exited | −3,979 | −$169K | — |
| PE Pampa Energia S A | Exited | −1,734 | −$152K | — |
| GF Grupo Financiero Galicia S.a | Exited | −1,083 | −$67.5K | — |
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Geopark Ltd | Trimmed | −195,907 | −$1.82M | 5.8% |
| Credicorp Ltd | Trimmed | −2,681 | −$491K | 38.1% |
| NH Nu Hldgs Ltd | Added | +38,518 | +$399K | 3.4% |
| FE Fomento Economico Mexicano S | Exited | −1,703 | −$168K | — |
| PE Pampa Energia S A | New | +1,734 | +$152K | 0.9% |
| Mercadolibre Inc | Trimmed | −54 | −$91.8K | 9.4% |
| YS Ypf Sociedad Anonima | Trimmed | −1,715 | −$72.9K | 1.0% |
| GF Grupo Financiero Galicia S.a | New | +1,083 | +$67.5K | 0.4% |
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PB Petroleo Brasileiro Sa Petro | Exited | −2,572,188 | −$37.3M | — |
| CD Compania De Minas Buenaventu | Trimmed | −1,724,844 | −$23.9M | 11.1% |
| Arcos Dorados Holdings Inc | Exited | −2,151,407 | −$19.4M | — |
| NH Nu Hldgs Ltd | Trimmed | −924,540 | −$12.6M | 1.3% |
| Mercadolibre Inc | Trimmed | −4,136 | −$8.49M | 10.7% |
| Credicorp Ltd | Added | +22,408 | +$4.06M | 35.9% |
| Globant S A | Exited | −22,500 | −$4.01M | — |
| Vasta Platform Ltd | Exited | −1,195,482 | −$3.65M | — |
| YS Ypf Sociedad Anonima | Trimmed | −126,853 | −$2.69M | 0.6% |
| Bbb Foods Inc | Exited | −51,500 | −$1.23M | — |
Showing the 10 largest of 14 changes.
quarter ended June 30, 2024 · filed August 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Vitru Ltd | Exited | −4,709,741 | −$67.9M | — |
| CD Compania De Minas Buenaventu | Added | +1,744,219 | +$29.6M | 23.9% |
| Geopark Ltd | Trimmed | −2,417,701 | −$26.5M | 2.5% |
| Xp Inc | Exited | −845,451 | −$21.7M | — |
| Arcos Dorados Holdings Inc | Added | +2,126,407 | +$19.1M | 14.5% |
| Mercadolibre Inc | Trimmed | −6,450 | −$10.6M | 6.3% |
| AS Auna S A | Exited | −850,000 | −$9.05M | — |
| NH Nu Hldgs Ltd | Trimmed | −524,701 | −$6.76M | 9.1% |
| Globant S A | New | +22,500 | +$4.01M | 3.0% |
| Vasta Platform Ltd | Trimmed | −971,101 | −$2.96M | 2.7% |
Showing the 10 largest of 19 changes.
quarter ended March 31, 2024 · filed May 15, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Xp Inc | Trimmed | −393,874 | −$10.1M | 9.4% |
| AS Auna S A | New | +850,000 | +$9.05M | 3.9% |
| SQ Sociedad Quimica Y Minera De | Trimmed | −175,808 | −$8.64M | 1.8% |
| NH Nu Hldgs Ltd | Trimmed | −605,000 | −$7.22M | 7.6% |
| Vasta Platform Ltd | Trimmed | −1,777,581 | −$7.06M | 3.7% |
| PB Petroleo Brasileiro Sa Petro | Added | +386,875 | +$5.88M | 17.8% |
| Geopark Ltd | Trimmed | −589,390 | −$5.66M | 11.3% |
| Mercadolibre Inc | Added | +3,261 | +$4.93M | 7.6% |
| Credicorp Ltd | Trimmed | −13,700 | −$2.32M | 1.7% |
| YS Ypf Sociedad Anonima | Trimmed | −105,000 | −$2.08M | 1.4% |
Showing the 10 largest of 23 changes.
quarter ended December 31, 2023 · filed February 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Vitru Ltd | Trimmed | −1,354,452 | −$21.3M | 29.8% |
| Xp Inc | Added | +641,237 | +$16.7M | 12.8% |
| Mercadolibre Inc | Added | +7,670 | +$12.1M | 5.2% |
| PB Petroleo Brasileiro Sa Petro | Trimmed | −532,855 | −$8.51M | 14.7% |
| Geopark Ltd | Trimmed | −834,665 | −$7.15M | 11.3% |
| NH Nu Hldgs Ltd | Added | +773,180 | +$6.44M | 6.8% |
| YS Ypf Sociedad Anonima | New | +263,047 | +$4.52M | 1.8% |
| SQ Sociedad Quimica Y Minera De | Added | +63,690 | +$3.84M | 6.3% |
| Credicorp Ltd | Added | +7,500 | +$1.12M | 2.2% |
| CD Compania De Minas Buenaventu | Added | +60,000 | +$914K | 1.0% |
Showing the 10 largest of 12 changes.
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