Seafarer Capital Partners, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 4, 2026), Seafarer Capital Partners, LLC reported 9 stock positions worth $433.9 million. Its top holding was Itau Unibanco H-Spon PRF ADR (ITUB) at 20.5% of the portfolio, followed by Anheuser-Busch Inbev-SPN ADR (BUD, 19.6%) and Credicorp (BAP, 18.8%). Compared with Q1 2026, it added to 2 and reduced 2. The biggest buy was Suzano SA - Spon ADR (SUZ, shares +10%) and the biggest sale Ambev SA-ADR (ABEV, shares −14%).

Most Recent 13F
Q2 2026
Location
CORTE MADERA, CA
CIK
0001697721
Portfolio Value
$433.9M (Q2 2026)
SEC Filing
0001697721-26-000005 ↗ filed Aug 4, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $342.1M Q1 2024 Q2 2024: $293.0M Q2 2024 Q3 2024: $349.5M Q3 2024 Q4 2024: $263.0M Q4 2024 Q1 2025: $308.7M Q1 2025 Q2 2025: $366.2M Q2 2025 Q3 2025: $350.6M Q3 2025 Q4 2025: $385.0M Q4 2025 Q1 2026: $435.8M Q1 2026 Q2 2026: $433.9M $433.9M Q2 2026

Holdings 9 stocks · $433.9M
ITUB Itau Unibanco H-Spon PRF ADR 20.54% 10,909,142 $89.1M No change
BUD Anheuser-Busch Inbev-SPN ADR 19.63% 1,034,000 $85.2M No change
BAP Credicorp Ltd. 18.75% 208,900 $81.4M Reduce -9.5%
ABEV Ambev SA-ADR 17.42% 24,069,000 $75.6M Reduce -14.3%
XP XP Inc. Class A 14.65% 3,911,000 $63.6M Add +3.7%
HDB HDFC Bank Ltd.-ADR 6.83% 1,148,000 $29.7M No change
ARCO Arcos Dorados Holdings Inc. Class A 0.74% 400,000 $3.2M No change
SUZ Suzano SA - Spon ADR 0.72% 400,000 $3.1M Add +9.6%
KOF Coca-Cola Femsa Sab-SP ADR 0.71% 29,000 $3.1M No change

Portfolio Sells Q1 2026 → Q2 2026
ABEV Ambev SA-ADR Reduce -14.3% 17.42% −1.39
BAP Credicorp Ltd. Reduce -9.5% 18.75% +0.78

Portfolio Buys Q1 2026 → Q2 2026
SUZ Suzano SA - Spon ADR Add +9.6% 0.72% −0.12
XP XP Inc. Class A Add +3.7% 14.65% −1.82

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$433.9MITUB, BUD, BAP, ABEV, XP
Q1 2026 9$435.8MITUB, ABEV, BAP, XP, BUD
Q4 2025 9$385.0MBAP, ITUB, ABEV, BUD, XP
Q3 2025 7$350.6MITUB, BAP, XP, ABEV, BUD
Q2 2025 7$366.2MXP, ITUB, ABEV, BUD, BAP
Q1 2025 7$308.7MABEV, BUD, ITUB, XP, BAP
Q4 2024 7$263.0MABEV, BAP, BUD, ITUB, XP
Q3 2024 7$349.5MABEV, BUD, BAP, ITUB, XP
Q2 2024 6$293.0MXP, ITUB, ABEV, BAP, BUD
Q1 2024 6$342.1MXP, ITUB, ABEV, BAP, BUD