Cape Ann Asset Management Ltd

CIK 0001768237 · Q1 2026

13F Equity AUM

$440.3M

+19.8% QoQ

Positions

+1 QoQ

AUM Rank

#4,672

Top 38%

Skill Alpha (FF)

+6.0%/yr^ns

No Clear Edge

Rank #538 · Top 7%

vs S&P +0.9%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 72.2%Top 10: 97.5%Top 20: 100.0%

KGC26.1%

VIST16.0%

ERO11.8%

TX9.7%

BAP8.5%

BMA8.3%

ELD5.9%

LAUR4.2%

CPA4.0%

KSPI3.0%

Others (1)2.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials47.7%

Financial Services22.7%

Energy18.5%

Consumer Defensive4.2%

Industrials4.0%

Technology3.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 11Median: 8.27%Avg: 9.09%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

2(5.5%)

3–5%

2(8.2%)

5%+

7(86.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 11Unique: 0vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

BlackRock, Inc.

0.3%

BANK OF AMERICA CORP /DE/

0.2%

JPMORGAN CHASE & CO

0.2%

FMR LLC

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

STATE STREET CORP

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased6Decreased4Exited0

New Positions

ELD5.9%

+759K

Increased

VIST16.0%

+242K(+35%)

KGC26.1%

+233K(+7%)

ERO11.8%

+231K(+13%)

PJX2.5%

+21K(+4%)

BMA8.3%

+6K(+1%)

KSPI3.0%

+412(+0%)

Decreased

LAUR4.2%

-201,878(-27%)

CPA4.0%

-66,552(-30%)

TX9.7%

-838(-0%)

BAP8.5%

-44(-0%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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