Fundamenta Capital S.A.

Q4 2025 13F Holdings Report, Stock Holdings

Signature - Title
Marcelo Avogadro - President
Location
Montevideo
Holdings as of
31 Dec 2025
Value $
$145,948,310
Num holdings
10
Filing time
27 Jan 2026, 13:57:20 UTC
Form type
13F-HR
Description
All US holdings of this investor are reported in this report. Top holdings included PAM, EC, TGS, BMA, and PBR.
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Marcelo Avogadro President Montevideo, Uruguay 27 Jan 2026