# Fundamenta Capital S.A.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2088289. Source: https://holderbook.com/funds/2088289-fundamenta-capital-s-a/

- Reported value: $172.4M
- Positions: 14
- Weight of the ten largest: 87.9%
- Filed: 2026-07-28

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $27.3M | 70,000 | 15.8% | 2 |
| ENEL CHILE S.A. | [ENIC](https://holderbook.com/stocks/ENIC/) | $21.9M | 4,875,363 | 12.7% | 1 |
| PAMPA ENERGIA S A | [PAM](https://holderbook.com/stocks/PAM/) | $18.0M | 219,498 | 10.5% | 3 |
| TRANSPORTADORA DE GAS DEL SU | [TGS](https://holderbook.com/stocks/TGS/) | $16.4M | 551,743 | 9.5% | 3 |
| COMPANIA CERVECERIAS UNIDAS | [CCU](https://holderbook.com/stocks/CCU/) | $13.4M | 1,194,528 | 7.8% | 1 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $13.3M | 209,000 | 7.7% | 2 |
| BANCO SANTANDER CHILE NEW | [BSAC](https://holderbook.com/stocks/BSAC/) | $13.1M | 398,778 | 7.6% | 1 |
| EMBRAER S.A. | [EMBJ](https://holderbook.com/stocks/EMBJ/) | $10.0M | 156,126 | 5.8% | 2 |
| GRUPO FINANCIERO GALICIA S.A | [GGAL](https://holderbook.com/stocks/GGAL/) | $9.1M | 182,260 | 5.3% | 1 |
| TELECOM ARGENTINA S A | [TEO](https://holderbook.com/stocks/TEO/) | $9.1M | 697,869 | 5.3% | 1 |
| BANCO DE CHILE | [BCH](https://holderbook.com/stocks/BCH/) | $7.8M | 195,726 | 4.5% | 1 |
| ARCOS DORADOS HLDGS INC | [ARCO](https://holderbook.com/stocks/ARCO/) | $6.2M | 769,415 | 3.6% | 2 |
| AXIA ENERGIA SA | [AXIA](https://holderbook.com/stocks/AXIA/) | $3.5M | 333,367 | 2.0% | 1 |
| SOCIEDAD QUIMICA Y MINERA DE | [SQM](https://holderbook.com/stocks/SQM/) | $3.3M | 44,400 | 1.9% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -3.6% | +14.8% | -18.4% | 100% |
| Q1 2026 | +7.0% | -4.6% | +11.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $172.4M | 14 |
| Q1 2026 | $218.3M | 11 |
| Q4 2025 | $233.2M | 10 |