Fundamenta Capital S.A.
Fundamenta Capital S.A. is an exempt reporting adviser based in Montevideo, Uruguay that reports managing 5 hedge funds on Form ADV. Its private funds, of all types, hold $512.3 million in gross assets. Its disclosed U.S. stock holdings returned an estimated -8.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -8.5% from Q1 2026 to Q2 2026, compared with +9.5% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- —Form ADV Item 5.F
- Gross assets of private funds
- $512.3 millionAll private fund types, Form ADV
- Hedge funds managed
- 55 private funds in total
- Employees
- —Form ADV Item 5.A
- Registration
- Exempt reporting adviserCRD 328733
- Latest Form ADV
- 01/20/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | -4.7% | +14.8% |
| Q1 2026 | -4.0% | -4.6% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Credicorp LTD$27.3 million
- Enel Chile S A F Sponsored ADR$21.9 million
- Pampa Energia S A$18.0 million
- Transportadora De Gas Sur$16.4 million
- Compania Cervecerias Unidas$13.4 million
- Vista Energy S.a.b. De C.V.$13.3 million
- Banco Santander Chile New$13.1 million
- Embraer SA$10.0 million
- Grupo Financiero Galicia S.A$9.1 million
- Telecom Argentina SA$9.1 million
As of 2026-06-30, from 13F filing by Fundamenta Capital S.A..
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures