Cape Ann Asset Management Ltd

CIK 0001768237 · Q2 2026

13F Equity AUM

$434.4M

-1.3% QoQ

Positions

+1 QoQ

AUM Rank

#5,370

Top 43%

Skill Alpha (FF)

+9.3%/yr^ns

No Clear Edge

Rank #399 · Top 5%

vs S&P +5.0%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 65.3%Top 10: 98.1%Top 20: 100.0%

KGC19.1%

VIST14.4%

ERO12.7%

TX9.8%

BMA9.4%

BAP9.3%

TME8.5%

ELD6.7%

CPA5.1%

KSPI3.3%

Others (2)1.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials41.5%

Financial Services25.3%

Energy16.2%

Communication Services8.5%

Industrials5.1%

Technology3.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 12Median: 8.88%Avg: 8.33%

0–0.5%

1(0.1%)

0.5–1%

0(0.0%)

1–3%

1(1.8%)

3–5%

1(3.3%)

5%+

9(94.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 12vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased3Decreased8Exited0

New Positions

TME8.5%

+4.4M

Increased

ELD6.7%

+174K(+23%)

ERO12.7%

+105K(+5%)

VIST14.4%

+48K(+5%)

Decreased

LAUR0.1%

-526,385(-99%)

KGC19.1%

-260,770(-7%)

TX9.8%

-71,387(-7%)

PJX1.8%

-53,900(-9%)

BMA9.4%

-30,990(-7%)

KSPI3.3%

-11,632(-7%)

CPA5.1%

-9,992(-7%)

BAP9.3%

-7,248(-7%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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