Fundamenta Capital S.A.

MONTEVIDEO, X3 · CIK 2088289 · 13F filing filed 2026-07-28

Exempt reporting adviser since 2023 · corporation

As an employer

$172.4m reported value +69.3% vs Q1 2026

14positions

87.9%in top 10

8 new 2 added 3 reduced 2 sold out vs Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CREDICORP LTD COM BAP	BAP	70,000	$27.3m15.82%	15.82%	Added +21.5k	+21,500 44.3%
2	ENEL CHILE S.A. SPONSORED ADR ENIC	ENIC	4,875,363	$21.9m12.72%	12.72%	New
3	PAMPA ENERGIA S A SPONS ADR LVL I PAM	PAM	219,498	$18.0m10.46%	10.46%	Reduced -43.2k	-43,215 -16.4%
4	TRANSPORTADORA DE GAS SUR SPONSORED ADS B TGS	TGS	551,743	$16.4m9.51%	9.51%	Reduced -18.3k	-18,270 -3.2%
5	COMPANIA CERVECERIAS UNIDAS SPONSORED ADR CCU	CCU	1,194,528	$13.4m7.76%	7.76%	New
6	VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS VIST	VIST	209,000	$13.3m7.73%	7.73%	Unchanged
7	BANCO SANTANDER CHILE NEW SP ADR REP COM BSAC	BSAC	398,778	$13.1m7.62%	7.62%	New
8	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	156,126	$10.0m5.78%	5.78%	Added +86.1k	+86,126 123.0%
9	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	182,260	$9.1m5.29%	5.29%	New
10	TELECOM ARGENTINA SA SPON ADR REP B TEO	TEO	697,869	$9.1m5.26%	5.26%	New
11	BANCO DE CHILE SPONSORED ADS BCH	BCH	195,726	$7.8m4.51%	4.51%	New
12	ARCOS DORADOS HOLDINGS INC SHS CLASS -A - ARCO	ARCO	769,415	$6.2m3.60%	3.60%	Reduced -168.8k	-168,824 -18.0%
13	CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR AXIAY	AXIAY	333,367	$3.5m2.04%	2.04%	New
14	SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B SQM	SQM	44,400	$3.3m1.91%	1.91%	New

Security	Ticker	Shares held before	Value then
LOMA NEGRA C I A S A MTN 14 LOMA	LOMA	956,586	$10.6m956.6k shares
COMPANIA DE MINAS BUENAVENTU BVN	BVN	115,000	$4.1m115.0k shares