Instuitional Investor - Cape Ann Asset Management Ltd

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Kinross Gold Corp	KGC	3,587,338	$33,254,623	20.95%
2.	Credicorp Ltd	BAP	161,278	$29,565,483	18.62%
3.	Ternium S A	TX	758,149	$22,046,973	13.89%
4.	Banco Macro S A	BMA	208,800	$20,203,488	12.73%
5.	Copa Holdings Sa	CPA	229,800	$20,194,824	12.72%