Fourth Sail Capital LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 5, 2026), Fourth Sail Capital LP reported 26 stock positions worth $659.9 million. Its top holding was Brink's (BCO) at 14.1% of the portfolio, followed by Dlocal (DLO, 7.8%) and Mission Produce (AVO, 7.1%). Compared with Q1 2026, it opened 12 new positions, sold out of 11, added to 8 and reduced 5. The biggest buy was a new position in Credicorp (BAP) and the biggest sale an exit from NCR Atleos (NATL).
- Most Recent 13F
- Q2 2026
- Location
- GRAND CAYMAN, E9
- CIK
- 0001803158
- Portfolio Value
- $659.9M (Q2 2026)
- SEC Filing
- 0001803158-26-000015 ↗ filed Aug 5, 2026
Holdings Value
Holdings 26 stocks · $659.9M
| BCO The Brink's Co. | 14.12% | 986,050 | $93.2M | Add +137.4% |
| DLO Dlocal Ltd. | 7.77% | 3,943,171 | $51.2M | Add +73.9% |
| AVO Mission Produce Inc. | 7.10% | 3,976,272 | $46.9M | Add +258.5% |
| BAP Credicorp Ltd. | 7.05% | 119,464 | $46.5M | New |
| TX Ternium SA-Sponsored ADR | 4.40% | 679,328 | $29.0M | New |
| HRL Hormel Foods Corp. | 4.23% | 1,125,162 | $27.9M | Add +10.5% |
| MEOH Methanex Corp. | 4.17% | 595,817 | $27.5M | Add +84.0% |
| VIST Vista Energy Sab DE CV | 4.01% | 415,100 | $26.5M | Add +73.0% |
| SFD Smithfield Foods Inc. | 3.92% | 1,067,579 | $25.9M | Reduce -4.3% |
| CEPU Central Puerto-Sponsored ADR | 3.84% | 1,704,152 | $25.3M | Add +48.1% |
| VZLA Vizsla Silver Corp. | 3.79% | 7,579,112 | $25.0M | No change |
| XP XP Inc. Class A | 3.70% | 1,500,660 | $24.4M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 3.34% | 1,923,486 | $22.0M | Reduce -22.1% |
| SLVM Sylvamo Corp. | 2.67% | 466,904 | $17.6M | Add +9.2% |
| GPRK Geopark Ltd. | 2.66% | 1,926,723 | $17.5M | Reduce -13.4% |
| CXT Crane NXT Co. | 2.66% | 342,600 | $17.5M | New |
| WU Western Union Co. | 2.47% | 2,120,585 | $16.3M | New |
| VMC Vulcan Materials Co. | 2.43% | 54,300 | $16.0M | New |
| GGAL Grupo Financiero Galicia-ADR | 2.42% | 319,247 | $16.0M | New |
| STNE Stoneco Ltd. Class A | 2.41% | 1,465,500 | $15.9M | New |
| MLM Martin Marietta Materials | 2.36% | 27,000 | $15.6M | New |
| ACN Accenture PLC Class A | 2.35% | 124,700 | $15.5M | New |
| PAX Patria Investments Ltd. Class A | 2.29% | 1,373,995 | $15.1M | New |
| TECK Teck Resources Ltd.-CLS B | 2.02% | 224,599 | $13.4M | Reduce -55.0% |
| EVEX Eve Holding Inc. filed as EVE HLDG INC | 1.25% | 3,276,673 | $8.2M | New |
| CPA Copa Holdings SA Class A | 0.58% | 24,481 | $3.8M | Reduce -82.1% |
Portfolio Sells Q1 2026 → Q2 2026
| NATL NCR Atleos Corp. | Sold out | 0.00% | −14.53 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −9.36 |
| TEO Telecom Argentina SA-SP ADR | Sold out | 0.00% | −4.80 |
| LILAK Liberty Latin Americ Class C | Sold out | 0.00% | −4.00 |
| IFS Intercorp Financial Services | Sold out | 0.00% | −3.05 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −2.76 |
| CVGW Calavo Growers Inc. | Sold out | 0.00% | −2.67 |
| TECK Teck Resources Ltd.-CLS B | Reduce -55.0% | 2.02% | −2.22 |
| CPA Copa Holdings SA Class A | Reduce -82.1% | 0.58% | −1.98 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −1.82 |
| LILA Liberty Latin Americ Class A | Sold out | 0.00% | −1.29 |
| SFD Smithfield Foods Inc. | Reduce -4.3% | 3.92% | −1.21 |
| LOMA Loma Negra Cia Ind-Spon ADR | Reduce -22.1% | 3.34% | −1.16 |
| GPRK Geopark Ltd. | Reduce -13.4% | 2.66% | −0.82 |
| SXT Sensient Technologies Corp. | Sold out | 0.00% | −0.61 |
| GDYN Grid Dynamics Holdings Inc. | Sold out | 0.00% | −0.57 |
Portfolio Buys Q1 2026 → Q2 2026
| BAP Credicorp Ltd. | New | 7.05% | +7.05 |
| BCO The Brink's Co. | Add +137.4% | 14.12% | +7.04 |
| AVO Mission Produce Inc. | Add +258.5% | 7.10% | +4.60 |
| TX Ternium SA-Sponsored ADR | New | 4.40% | +4.40 |
| XP XP Inc. Class A | New | 3.70% | +3.70 |
| DLO Dlocal Ltd. | Add +73.9% | 7.77% | +2.93 |
| CXT Crane NXT Co. | New | 2.66% | +2.66 |
| WU Western Union Co. | New | 2.47% | +2.47 |
| VMC Vulcan Materials Co. | New | 2.43% | +2.43 |
| GGAL Grupo Financiero Galicia-ADR | New | 2.42% | +2.42 |
| STNE Stoneco Ltd. Class A | New | 2.41% | +2.41 |
| MLM Martin Marietta Materials | New | 2.36% | +2.36 |
| ACN Accenture PLC Class A | New | 2.35% | +2.35 |
| PAX Patria Investments Ltd. Class A | New | 2.29% | +2.29 |
| EVEX Eve Holding Inc. | New | 1.25% | +1.25 |
| VIST Vista Energy Sab DE CV | Add +73.0% | 4.01% | +1.04 |
| MEOH Methanex Corp. | Add +84.0% | 4.17% | +1.00 |
| CEPU Central Puerto-Sponsored ADR | Add +48.1% | 3.84% | +0.65 |
| HRL Hormel Foods Corp. | Add +10.5% | 4.23% | +0.44 |
| SLVM Sylvamo Corp. | Add +9.2% | 2.67% | −0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $659.9M | BCO, DLO, AVO, BAP, TX |
| Q1 2026 | 25 | $608.4M | NATL, MELI, BCO, SFD, DLO |
| Q4 2025 | 30 | $623.4M | BBAR, ACN, BAP, GDYN, HRL |
| Q3 2025 | 28 | $413.8M | SLVM, SFD, EZPW, BBAR, GDYN |
| Q2 2025 | 26 | $483.1M | MAC COPPER LTD, NU, CAAP, BBAR, BCO |
| Q1 2025 | 28 | $427.3M | MAC COPPER LTD, CAAP, BAP, DAVA, ARCO |
| Q4 2024 | 20 | $330.7M | MAC COPPER LTD, VALE, DAVA, GGAL, CAAP |
| Q3 2024 | 23 | $397.9M | MAC COPPER LTD, CAAP, LAUR, BAP, BIOX |
| Q2 2024 | 21 | $436.2M | MAC COPPER LTD, BAP, SGML, LAUR, VTEX |
| Q1 2024 | 22 | $332.0M | MAC COPPER LTD, LAUR, DAVA, DLO, BIOX |