Fundamenta Capital S.A. — 13F Holdings & Portfolio
CIK 2088289 · latest 13F-HR filed 2026-05-04
Fundamenta Capital S.A. manages $116.4M in 13F-reported U.S. long-equity assets across 11 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are PAM (19.97%), TGS (16.95%), BAP (14.13%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 7 new positions, exited 6, added to 1, and trimmed 2.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$116.4M
Long-equity book
11
Distinct positions
2026-03-31
Filed 2026-05-04
+7 / −6 / ↑1 / ↓2
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Trims
- FOMENTO ECONOMICO MEXICANO S-$4.2M -31.2%
- LOMA NEGRA C I A S A MTN 14-$2.5M -18.9%
New Positions
- CREDICORP LTD$16.5M
- VISTA ENERGY S.A.B. DE C.V.$15.8M
- ARCOS DORADOS HLDGS INC$7.7M
- CEMEX SA EURO MTN BE 144A$5.0M
- EMBRAER S.A.$4.2M
Exited Positions
- ECOPETROL S A$20.1M
- BANCO MACRO SA$17.1M
- PETROLEO BRASILEIRO SA PETRO$16.1M
- LATAM AIRLINES GROUP SA$15.0M
- INTER & CO INC$7.0M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | PAMPA ENERGIA SA | PAM | 697660207 | $23.3M | 19.97% | 262,713 | SH |
| 2 | TRANSPORTADORA DE GAS DEL SU | TGS | 893870204 | $19.7M | 16.95% | 570,013 | SH |
| 3 | CREDICORP LTD | BAP | G2519Y108 | $16.5M | 14.13% | 48,500 | SH |
| 4 | VISTA ENERGY S.A.B. DE C.V. | VIST | 92837L109 | $15.8M | 13.55% | 209,000 | SH |
| 5 | LOMA NEGRA C I A S A MTN 14 | LOMA | 54150E104 | $10.6M | 9.11% | 956,586 | SH |
| 6 | FOMENTO ECONOMICO MEXICANO S | FMX | 344419106 | $9.3M | 8.00% | 83,841 | SH |
| 7 | ARCOS DORADOS HLDGS INC | ARCO | G0457F107 | $7.7M | 6.65% | 938,239 | SH |
| 8 | CEMEX SA EURO MTN BE 144A | CX | 151290889 | $5.0M | 4.31% | 438,560 | SH |
| 9 | EMBRAER S.A. | EMBJ | 29082A107 | $4.2M | 3.57% | 70,000 | SH |
| 10 | COMPANIA DE MINAS BUENAVENTU | BVN | 204448104 | $4.1M | 3.56% | 115,000 | SH |
| 11 | CONTROLADORA VUELA COMP DE A | VLRS | 21240E105 | $245.5K | 0.21% | 33,915 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-04 | $116.4M | 11 | 0002088289-26-000003 |
| 2025-12-31 | 2026-01-27 | $145.9M | 10 | 0002088289-26-000001 |