Q2 2025 Holdings
Filed 2025-08-12 | 117 holdings | $1.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares Core S&P Small-Cap ETF(IJR) | CORE S&P SCP ETF | 464287804 | $86.1M | 787,565 | 8.0% |
| Vistra Corp(VST) | COM | 92840M102 | $68.0M | 351,000 | 6.3% |
| Petroleo Brasileiro ADR(PBR) | SPONSORED ADR | 71654V408 | $62.4M | 4,990,500 | 5.8% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $49.6M | 170,700 | 4.6% |
| Copa Holdings SA(CPA) | CL A | P31076105 | $47.8M | 434,244 | 4.5% |
| Constellation Energy Corp(CEG) | COM | 21037T109 | $46.2M | 143,000 | 4.3% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $43.5M | 58,930 | 4.1% |
| Credicorp(BAP) | COM | G2519Y108 | $41.8M | 186,961 | 3.9% |
| Amazon.com Inc(AMZN) | COM | 023135106 | $38.2M | 173,900 | 3.6% |
| Vinci Compass Investments LTD(VINP) | COM CL A | G9451V109 | $36.4M | 3,759,784 | 3.4% |
| Arcos Dorados Holdings Inc(ARCO) | SHS CLASS -A - | G0457F107 | $35.8M | 4,534,496 | 3.3% |
| Vertiv Holdings LLC(VRT) | COM CL A | 92537N108 | $29.5M | 230,000 | 2.8% |
| Vale SA SP ADR(VALE) | SPONSORED ADS | 91912E105 | $26.6M | 2,741,291 | 2.5% |
| Sempra(SRE) | COM | 816851109 | $23.4M | 308,218 | 2.2% |
| Transport Gas SUR B ADR(TGS) | SPONSORED ADS B | 893870204 | $21.7M | 837,142 | 2.0% |
| Hess Corporation(HES) | COM | 42809H107 | $21.0M | 151,794 | 2.0% |
| Pilgrims Pride Corp(PPC) | COM | 72147K108 | $20.5M | 455,475 | 1.9% |
| Alphabet Inc Class C(GOOG) | CAP STK CL C | 02079K107 | $20.4M | 114,913 | 1.9% |
| Petroleo Brasileiro SA Petro(PJX) | SP ADR NON VTG | 71654V101 | $19.9M | 1,724,375 | 1.9% |
| Grupo Financiero Galicia(GGAL) | SPONSORED ADR | 399909100 | $18.6M | 368,261 | 1.7% |
| Spdr S&P Bank ETF(KBE) | S&P BK ETF | 78464A797 | $18.0M | 322,200 | 1.7% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $16.3M | 278,840 | 1.5% |
| Alphabet Inc Class A Common Stock(GOOGL) | CAP STK CL A | 02079K305 | $14.1M | 80,000 | 1.3% |
| BP PLC(BP) | SPONSORED ADR | 055622104 | $13.7M | 457,113 | 1.3% |
| Banco Bradesco(BBD) | SP ADR PFD NEW | 059460303 | $12.1M | 3,902,945 | 1.1% |
| Embraer SA(EMBJ) | SPONSORED ADR | 29082A107 | $11.3M | 198,609 | 1.1% |
| BHP Billiton LTD(BHP) | SPONSORED ADR | 088606108 | $10.5M | 217,500 | 1.0% |
| Hdfc BK LTD(HDB) | SPONSORED ADS | 40415F101 | $9.4M | 123,077 | 0.9% |
| Gerdau SA(GGB) | SPON ADR REP PFD | 373737105 | $8.4M | 2,869,104 | 0.8% |
| Companhia Paranaense de Energi(ELP1) | SPON ADS | 20441B605 | $8.4M | 916,030 | 0.8% |
| Spdr S&P 600 Small Cap Value ETF(SLYV) | S&P 600 SMCP VAL | 78464A300 | $8.3M | 104,095 | 0.8% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $7.8M | 112,109 | 0.7% |
| Invesco S&P Smallcap Quality E(XSHQ) | S&P SMLCAP QTY | 46138G300 | $7.7M | 189,080 | 0.7% |
| Stoneco LTD(STNE) | COM CL A | G85158106 | $7.7M | 477,213 | 0.7% |
| Nvidia Corp(NVDA) | COM | 67066G104 | $7.4M | 47,000 | 0.7% |
| Goldman Sachs(GS) | COM | 38141G104 | $7.1M | 10,000 | 0.7% |
| Snowflake Inc(SNOW) | CL A | 833445109 | $6.7M | 30,000 | 0.6% |
| Ishares Msci Emerging Markets ETF(EEM) | MSCI EMG MKT ETF | 464287234 | $5.8M | 120,000 | 0.5% |
| Ishares Msci Brazil ETF(EWZ) | MSCI BRAZIL ETF | 464286400 | $5.8M | 200,000 | 0.5% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $5.7M | 422,200 | 0.5% |
| XP Inc(XP) | CL A | G98239109 | $5.6M | 277,825 | 0.5% |
| Oklo Inc(OKLO) | COM CL A | 02156V109 | $5.6M | 100,000 | 0.5% |
| Itau Unibanco Holding SA(BVXB) | SPON ADR REP PFD | 465562106 | $5.4M | 793,180 | 0.5% |
| Ishares Msci South Korea ETF(EWY) | MSCI STH KOR ETF | 464286772 | $5.3M | 74,000 | 0.5% |
| GE Vernova LLC(GEV) | COM | 36828A101 | $5.3M | 10,000 | 0.5% |
| Centrais Eletricas BR(AXIA) | SPONSORED ADR | 15234Q207 | $5.0M | 670,083 | 0.5% |
| Comphania de Bebidas DAS Americas Ambev(ABEV) | SPONSORED ADR | 02319V103 | $4.8M | 1,990,483 | 0.4% |
| Blue OWL Capital Inc(OWL) | COM CL A | 09581B103 | $4.8M | 249,300 | 0.4% |
| Sharkninja Inc(SN) | COM SHS | G8068L108 | $4.7M | 47,000 | 0.4% |
| Newmont Corp(NEM) | COM | 651639106 | $4.4M | 75,000 | 0.4% |