Northcape Capital PTY Ltd 13F annual report
Northcape Capital PTY Ltd is an investment fund managing more than $673 million ran by Maite Carvell. There are currently 31 companies in Mrs. Carvell’s portfolio. The largest investments include America Movil Sab De Cv and MercadoLibre Inc, together worth $327 million.
$673 million Assets Under Management (AUM)
As of 10th July 2024, Northcape Capital PTY Ltd’s top holding is 10,030,969 shares of America Movil Sab De Cv currently worth over $171 million and making up 25.3% of the portfolio value.
In addition, the fund holds 95,397 shares of MercadoLibre Inc worth $157 million, whose value grew 6.6% in the past six months.
The third-largest holding is HDFC Bank worth $154 million and the next is Itau Unibanco Hldg Sa worth $55.9 million, with 9,564,344 shares owned.
Currently, Northcape Capital PTY Ltd's portfolio is worth at least $673 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Northcape Capital PTY Ltd
The Northcape Capital PTY Ltd office and employees reside in Sydney, Australia. According to the last 13-F report filed with the SEC, Maite Carvell serves as the Head or Risk & Governance at Northcape Capital PTY Ltd.
Recent trades
In the most recent 13F filing, Northcape Capital PTY Ltd revealed that it had opened a new position in
NVIDIA Corp and bought 55,127 shares worth $6.81 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
35.5%
of the fund's Technology sector allocation and has decreased its share price by 72.8% in the past year.
The investment fund also strengthened its position in America Movil Sab De Cv by buying
764,833 additional shares.
This makes their stake in America Movil Sab De Cv total 10,030,969 shares worth $171 million.
On the other hand, there are companies that Northcape Capital PTY Ltd is getting rid of from its portfolio.
Northcape Capital PTY Ltd closed its position in Taiwan Semiconductor Mfg Ltd on 16th July 2024.
It sold the previously owned 2,287,112 shares for $213 million.
Maite Carvell also disclosed a decreased stake in MercadoLibre Inc by 0.1%.
This leaves the value of the investment at $157 million and 95,397 shares.
One of the smallest hedge funds
The two most similar investment funds to Northcape Capital PTY Ltd are Venrock Management V and Vk Services. They manage $672 million and $671 million respectively.
Maite Carvell investment strategy
Northcape Capital PTY Ltd’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 24.2% of
the total portfolio value.
The fund focuses on investments in the Uruguay as
3.2% of the portfolio companies
are based in the Uruguay.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
58% of the total holdings value.
On the other hand, small-cap stocks make up only 3.2% of the portfolio.
The average market cap of the portfolio companies is close to $264 billion.
The complete list of Northcape Capital PTY Ltd trades based on 13F SEC filings
These positions were updated on July 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Taiwan Semiconductor Mfg Ltd |
Closed
2,287,112
|
$212,747,000 | |
| America Movil Sab De Cv |
8.25%
10,030,969
|
$170,526,000 | 25.35% |
| MercadoLibre Inc |
12.42%
95,397
|
$156,775,000 | 23.30% |
| HDFC Bank Ltd. |
16.48%
2,395,533
|
$154,105,000 | 22.91% |
| Itau Unibanco Hldg Sa |
8.07%
9,564,344
|
$55,856,000 | 8.30% |
| Fomento Economico Mexicano S |
200.20%
343,044
|
$36,929,000 | 5.49% |
| Grupo Aeroportuario Ctr Nort |
247.46%
161,811
|
$25,205,000 | 3.75% |
| P T Telekomunikasi Indonesia |
75.37%
566,082
|
$10,586,000 | 1.57% |
| NVIDIA Corp |
Opened
55,127
|
$6,810,000 | 1.01% |
| Dollar General Corp. |
Closed
25,746
|
$5,419,000 | |
| Alphabet Inc |
Opened
28,720
|
$5,231,000 | 0.78% |
| Visa Inc |
14.07%
15,997
|
$4,199,000 | 0.62% |
| Microsoft Corporation |
75.17%
9,240
|
$4,130,000 | 0.61% |
| Sales Force Inc |
36.52%
15,966
|
$4,105,000 | 0.61% |
| Zoetis Inc |
17.64%
23,499
|
$4,074,000 | 0.61% |
| Marsh Mclennan Cos Inc |
39.20%
17,767
|
$3,744,000 | 0.56% |
| Sp Global Inc |
38.97%
7,497
|
$3,344,000 | 0.50% |
| CME Group Inc |
Opened
15,708
|
$3,088,000 | 0.46% |
| American Tower Corp. |
20.57%
15,232
|
$2,961,000 | 0.44% |
| Becton, Dickinson and Company |
28.15%
12,153
|
$2,840,000 | 0.42% |
| Thermo Fisher Scientific Inc. |
Closed
4,796
|
$2,764,000 | |
| United Rentals, Inc. |
30.78%
3,549
|
$2,295,000 | 0.34% |
| Thermo Fisher Scientific Inc. |
Opened
3,987
|
$2,205,000 | 0.33% |
| Adobe Inc |
27.91%
3,964
|
$2,202,000 | 0.33% |
| Electronic Arts, Inc. |
58.94%
15,680
|
$2,185,000 | 0.32% |
| Advanced Drainage Systems Inc |
15.79%
11,749
|
$1,884,000 | 0.28% |
| Gxo Logistics Inc |
4.72%
33,794
|
$1,707,000 | 0.25% |
| PayPal Holdings Inc |
Opened
19,730
|
$1,145,000 | 0.17% |
| Colgate-Palmolive Co. |
48.67%
8,861
|
$860,000 | 0.13% |
| Church Dwight Company |
12.05%
7,746
|
$803,000 | 0.12% |
| Estee Lauder Companies Inc |
Closed
3,240
|
$799,000 | |
| Intuitive Surgical Inc |
Opened
1,795
|
$799,000 | 0.12% |
| Enphase Energy Inc |
82.80%
8,005
|
$798,000 | 0.12% |
| Deere Company |
Opened
1,894
|
$708,000 | 0.11% |
| Nike, Inc. |
Opened
9,169
|
$691,000 | 0.10% |
| Cbre Group Inc |
Closed
7,057
|
$514,000 | |
| Synopsys, Inc. |
Closed
1,063
|
$411,000 | |
| No transactions found | |||
| Showing first 500 out of 37 holdings | |||
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