NC
Northcape Capital Pty Ltd SEC 13F Holdings (Q3 2026) — Top Position: AMERICA MOVIL-SPN ADR CL L
Northcape Capital Pty LtdCIK: 0001686776
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$670.6M
Reporting period: 2026-09-30 · Number of holdings: 8
Northcape Capital Pty Ltd disclosed 8 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $670.6M and a quarterly turnover rate of 11.4%.
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Personality snowflake
- Concentration
- 84.19
- Portfolio Stability
- 11.37
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 16
- Sizing Uniformity
- 91.16
Northcape Capital Pty Ltd's disclosed holdings carry a Herfindahl concentration index of 0.210 — mathematically equivalent to about 5 equally-sized positions, close to its 8 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.88), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 13.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 53% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim AMXN
+1.7% -$42.7M
Add MELI
-1.2% $1.1M
Add ITUB
-1.6% $2.0M
Trim HDB
-2.3% -$19.9M
Add TLK
+15.5% $1.5M
Trim PAC
+6.4% -$6.0M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMXN | America Movil-spn Adr Cl L | Stock-Other | 30.96% | -2.79% | +1.71% | |
| 2 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 25.79% | +2.62% | -1.18% | |
| 3 | HDB | Hdfc Bank Ltd-adr | Stock-Financials | 16.21% | -1.13% | -2.26% | |
| 4 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 11.11% | +1.33% | -1.60% | |
| 5 | FMX | Fomento Economico Mex-sp Adr | Stock-Other | 7.54% | -0.20% | -5.04% | |
| 6 | PAC | Grupo Aeroportuario Pac-adr | Stock-Other | 5.66% | -0.27% | +6.44% | |
| 7 | TLK | Telkom Indonesia Persero-adr | Stock-Other | 2.47% | +0.43% | +15.52% | |
| 8 | SPGI | S&p Global Inc | Stock-Financials | 0.26% | -0.01% | -9.30% |
Portfolio Performance
Performance for Q4 2026
-0.4%
Performance Last 4 Quarters
-12.5%
Based on 66% of reported portfolio value with available pricing
- Stdev
- +19.4%
- Beta
- +0.72
- Alpha
- +2.7%
- Max Drawdown
- -21.8%
- Annualized Perf
- +18.8%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.93
- Stutzer
- +0.29
- Treynor
- +0.27
- Sterling
- +0.97
- Calmar
- +0.86
- Information Ratio
- -0.21
- Tracking Error
- +17.7%
- Stdev Down
- +9.9%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +62.5%
- Worst 12 Months
- -19.8%
- Efficiency Ratio
- +0.42
- Sharpe
- +0.99
- Stdev Sectors
- +1.7%
- Skewness
- +0.35
- Kurtosis
- +0.27
- Upside Potential
- +3.67
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 8 | $670.6M | 11 | ||
| 2026 Q2 | 8 | $741.8M | 19 | ||
| 2026 Q1 | 8 | $866.7M | 24 | ||
| 2025 Q4 | 8 | $866.9M | 18 | ||
| 2025 Q3 | 8 | $723.4M | 96 | ||
| 2025 Q2 | 8 | $785.7M | 0 | ||
| 2024 Q4 | 31 | $625.3M | 0 | ||
| 2024 Q3 | 34 | $675.3M | 0 | ||
| 2024 Q2 | 31 | $672.8M | 0 | ||
| 2024 Q1 | 30 | $870.3M | 0 | ||
| 2023 Q4 | 30 | $844.6M | 0 | ||
| 2023 Q3 | 31 | $660.9M | 0 | ||
| 2023 Q2 | 30 | $788.8M | 0 | ||
| 2023 Q1 | 29 | $812.9M | 0 | ||
| 2022 Q4 | 26 | $811.5M | 0 | ||
| 2022 Q3 | 24 | $780.6M | 0 | ||
| 2022 Q2 | 23 | $798.8M | 0 | ||
| 2022 Q1 | 25 | $978.2M | 0 | ||
| 2021 Q4 | 25 | $981.8M | 0 | ||
| 2021 Q3 | 26 | $942.7M | 0 | ||
| 2021 Q2 | 24 | $961.2M | 100 | ||
| 2021 Q1 | 23 | $875.7M | 13 | ||
| 2020 Q4 | 24 | $955.0M | 13 | ||
| 2020 Q3 | 24 | $863.3M | 33 | ||
| 2020 Q2 | 25 | $666.6M | 30 | ||
| 2020 Q1 | 18 | $490.6M | 32 | ||
| 2019 Q4 | 17 | $625.0M | 18 | ||
| 2019 Q3 | 17 | $567.1M | 22 | ||
| 2019 Q2 | 17 | $551.1M | 15 | ||
| 2019 Q1 | 17 | $490.3M | 16 | ||
| 2018 Q4 | 17 | $418.3M | 33 | ||
| 2018 Q3 | 11 | $358.3M | 25 | ||
| 2018 Q2 | 12 | $368.4M | 13 | ||
| 2018 Q1 | 12 | $403.0M | 10 | ||
| 2017 Q4 | 12 | $397.0M | 26 | ||
| 2017 Q3 | 12 | $363.2M | 12 | ||
| 2017 Q2 | 13 | $337.7M | 17 | ||
| 2017 Q1 | 13 | $339.3M | 27 | ||
| 2016 Q4 | 13 | $277.2M | — |
Holding changes this quarter
Northcape Capital Pty Ltd's most significant position changes for 2026-09-30: Add: America Movil-spn Adr Cl L (AMXN) — shares +1.71%; Trim: Mercadolibre Inc (MELI) — shares -1.18%; Trim: Itau Unibanco H-spon Prf Adr (ITUB) — shares -1.60%; Trim: Hdfc Bank Ltd-adr (HDB) — shares -2.26%; Add: Telkom Indonesia Persero-adr (TLK) — shares +15.52%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MELI | Mercadolibre Inc | +2.6% | -1.18% | Trim |
| 2 | ITUB | Itau Unibanco H-spon Prf Adr | +1.3% | -1.60% | Trim |
| 3 | TLK | Telkom Indonesia Persero-adr | +0.4% | +15.52% | Add |
| 4 | SPGI | S&p Global Inc | 0% | -9.30% | Trim |
| 5 | FMX | Fomento Economico Mex-sp Adr | -0.2% | -5.04% | Trim |
| 6 | PAC | Grupo Aeroportuario Pac-adr | -0.3% | +6.44% | Add |
| 7 | HDB | Hdfc Bank Ltd-adr | -1.1% | -2.26% | Trim |
| 8 | AMXN | America Movil-spn Adr Cl L | -2.8% | +1.71% | Add |
Filing History
FAQ
What is Northcape Capital Pty Ltd and what type of investor is it?
Northcape Capital Pty Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $670.6M, spread across 8 disclosed positions.
What are Northcape Capital Pty Ltd's largest equity positions?
Based on the latest 13F filing, Northcape Capital Pty Ltd's top holdings by market value are:
1. America Movil-spn Adr Cl L (AMXN) — $207.6M (31.0%)
2. Mercadolibre Inc (MELI) — $172.9M (25.8%)
3. Hdfc Bank Ltd-adr (HDB) — $108.7M (16.2%)
4. Itau Unibanco H-spon Prf Adr (ITUB) — $74.5M (11.1%)
5. Fomento Economico Mex-sp Adr (FMX) — $50.5M (7.5%)
What changes did Northcape Capital Pty Ltd make in its most recent portfolio filing?
In the latest reported quarter, Northcape Capital Pty Ltd made 8 notable position adjustments: 0 new positions were initiated, 3 existing holdings were added to, 5 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: America Movil-spn Adr Cl L (AMXN) — shares +1.71%; Trim: Mercadolibre Inc (MELI) — shares -1.18%; Trim: Itau Unibanco H-spon Prf Adr (ITUB) — shares -1.60%; Trim: Hdfc Bank Ltd-adr (HDB) — shares -2.26%; Add: Telkom Indonesia Persero-adr (TLK) — shares +15.52%
What sectors does Northcape Capital Pty Ltd focus on?
Northcape Capital Pty Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 51.7%
• Consumer Discretionary: 48.3%
Investment Profile
Northcape Capital Pty Ltd returned an annualized 18.8% over the trailing 36 months — outperforming the S&P 500 by 2.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.72 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 51.7% of the portfolio concentrated in Financials.
Its turnover score has fallen from 96 to 11 over the past 4 quarters — a shift toward longer holding periods.
It has trimmed its AMXN position for two straight quarters, cutting it by $97.1M while still holding $207.6M.
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