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Fourth Sail Capital LP

CIK 1803158 · latest 13F filed 5 August 2026 · Read the filing on EDGAR

Fourth Sail Capital LP reported 26 US-listed holdings worth $659.9 million in its 13F for the quarter ended 30 June 2026, filed 5 August 2026. Its largest: Brinks Co. (14.1%), Dlocal Ltd (7.8%) and Mission Produce Inc. (7.1%). Against the quarter before, it opened 12 positions, added to 8, trimmed 5 and sold out of 11.

Reported holdings$659.9M+8.5% on Q1 2026
Positions26+1 on Q1 2026
The largest ten60.6%of its reported holdings
Latest 13FQ2 2026filed 5 August 2026
Where the money is
OpenedAdded toHeldTrimmed
BCO14.1%DLO7.8%AVO7.1%BAP7.1%TX4.4%HRL4.2%MEOH4.2%VIST4.0%SFD3.9%CEPU3.8%VZLA3.8%XP3.7%LOMA3.3%SLVM2.7%12 more25.9%

The 14 largest of its 26 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $398.0 million in 24 positions$398MQ3 24Q4 2024: $336.4 million in 21 positions$336MQ4 24Q1 2025: $427.3 million in 28 positions$427MQ1 25Q2 2025: $483.1 million in 26 positions$483MQ2 25Q3 2025: $413.8 million in 28 positions$414MQ3 25Q4 2025: $623.4 million in 30 positions$623MQ4 25Q1 2026: $608.4 million in 25 positions$608MQ1 26Q2 2026: $659.9 million in 26 positions$660MQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What its reported holdings returned

Held through each quarter, the holdings it reported returned -6.5% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.

Its reported holdingsThe S&P 500
95100105110Q4 25Q1 26Q2 26Its holdings -6.5%S&P 500 +9.5%

Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.

What it did on the quarter

Opened 12Added 8Held 1Trimmed 5Sold out 11
Opened: 12Added: 8Held: 1Trimmed: 5Sold out: 11

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 12

  1. Credicorp Ltd BAP$46.5 million
  2. Ternium SA TX$29.0 million
  3. XP Inc. XP$24.4 million
  4. Crane Nxt, Co. CXT$17.5 million
  5. Western Union Co. WU$16.3 million
  6. Vulcan Materials Co. VMC$16.0 million
  7. Grupo Financiero Galicia S A GGAL$16.0 million
  8. Stoneco Ltd STNE$15.9 million

and 4 more in the table below

Added to 8

  1. Brinks Co. BCO+570,622 shares · +137%
  2. Mission Produce Inc. AVO+2.9 million shares · +258%
  3. Dlocal Ltd DLO+1.7 million shares · +74%
  4. Methanex Corp. MEOH+271,915 shares · +84%
  5. Vista Energy S.a.b. De C.V. VIST+175,100 shares · +73%
  6. Central Puerto S A CEPU+553,389 shares · +48%
  7. Hormel Foods Corp. HRL+107,300 shares · +11%
  8. Sylvamo Corp. SLVM+39,394 shares · +9%

Trimmed 5

  1. Copa Holdings SA CPA-112,303 shares · -82%
  2. Teck Resources Ltd TECK-274,673 shares · -55%
  3. Loma Negra Corp. LOMA-546,486 shares · -22%
  4. Geopark Holdings Limited GPRK-299,210 shares · -13%
  5. Smithfield Foods Inc. Common Stock USD.5 SFD-48,586 shares · -4%

Sold out of 11

  1. NCR Atleos Corp. NATL$88.4 million last quarter
  2. MercadoLibre, Inc. MELI$57.0 million last quarter
  3. Telecom Argentina SA TEO$29.2 million last quarter
  4. Liberty Latin America Ltd LILAK$24.3 million last quarter
  5. Intercorp Finl Svcs Inc. IFS$18.6 million last quarter
  6. Ypf Sociedad Anonima YPF$16.8 million last quarter
  7. Calavo Growers Inc. CVGW$16.3 million last quarter
  8. Embraer S.a. EMBJ$11.0 million last quarter

What it holds

CompanySharesValueOf its bookChange in shares
Brinks Co. BCO986.0K$93.2 million14.12%+570.6K
Dlocal Ltd DLO3.9M$51.2 million7.77%+1.7M
Mission Produce Inc. AVO4.0M$46.9 million7.10%+2.9M
Credicorp Ltd BAP119.5K$46.5 million7.05%new
Ternium SA TX679.3K$29.0 million4.40%new
Hormel Foods Corp. HRL1.1M$27.9 million4.23%+107.3K
Methanex Corp. MEOH595.8K$27.5 million4.17%+271.9K
Vista Energy S.a.b. De C.V. VIST415.1K$26.5 million4.01%+175.1K
Smithfield Foods Inc. Common Stock USD.5 SFD1.1M$25.9 million3.92%-48.6K
Central Puerto S A CEPU1.7M$25.3 million3.84%+553.4K
Vizsla Silver Corp. VZLA7.6M$25.0 million3.79%no change
XP Inc. XP1.5M$24.4 million3.70%new
Loma Negra Corp. LOMA1.9M$22.0 million3.34%-546.5K
Sylvamo Corp. SLVM466.9K$17.6 million2.67%+39.4K
Geopark Holdings Limited GPRK1.9M$17.5 million2.66%-299.2K
Crane Nxt, Co. CXT342.6K$17.5 million2.66%new
Western Union Co. WU2.1M$16.3 million2.47%new
Vulcan Materials Co. VMC54.3K$16.0 million2.43%new
Grupo Financiero Galicia S A GGAL319.2K$16.0 million2.42%new
Stoneco Ltd STNE1.5M$15.9 million2.41%new
Martin Marietta Materials Inc. MLM27.0K$15.6 million2.36%new
Accenture plc ACN124.7K$15.5 million2.35%new
Patria Investments Limited PAX1.4M$15.1 million2.29%new
Teck Resources Ltd TECK224.6K$13.4 million2.02%-274.7K
Eve Hldg Inc. EVEX3.3M$8.2 million1.25%new
Copa Holdings SA CPA24.5K$3.8 million0.58%-112.3K
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 11 it sold out of are in the box above.