Seafarer Capital Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Seafarer Capital Partners, LLC reported 7 stock positions worth $350.6 million. Its top holding was Itau Unibanco H-Spon PRF ADR (ITUB) at 22.2% of the portfolio, followed by Credicorp (BAP, 20.7%) and XP Class A (XP, 20.2%). Compared with Q2 2025, it added to 3 and reduced 4. The biggest buy was Arcos Dorados Class A (ARCO, shares +54%) and the biggest sale XP Class A (XP, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- CORTE MADERA, CA
- CIK
- 0001697721
- Portfolio Value
- $350.6M (Q3 2025)
- SEC Filing
- 0001697721-25-000008 ↗ filed Nov 4, 2025
Holdings Value
Holdings 7 stocks · $350.6M
| ITUB Itau Unibanco H-Spon PRF ADR | 22.17% | 10,591,400 | $77.7M | Reduce -5.4% |
| BAP Credicorp Ltd. | 20.73% | 273,000 | $72.7M | Reduce -4.2% |
| XP XP Inc. Class A | 20.21% | 3,771,000 | $70.9M | Reduce -7.4% |
| ABEV Ambev SA-ADR | 17.85% | 28,069,000 | $62.6M | Reduce -3.4% |
| BUD Anheuser-Busch Inbev-SPN ADR | 17.58% | 1,034,000 | $61.6M | Add +1.5% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.77% | 400,000 | $2.7M | Add +53.9% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.69% | 29,000 | $2.4M | Add +31.8% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $433.9M | ITUB, BUD, BAP, ABEV, XP |
| Q1 2026 | 9 | $435.8M | ITUB, ABEV, BAP, XP, BUD |
| Q4 2025 | 9 | $385.0M | BAP, ITUB, ABEV, BUD, XP |
| Q3 2025 | 7 | $350.6M | ITUB, BAP, XP, ABEV, BUD |
| Q2 2025 | 7 | $366.2M | XP, ITUB, ABEV, BUD, BAP |
| Q1 2025 | 7 | $308.7M | ABEV, BUD, ITUB, XP, BAP |
| Q4 2024 | 7 | $263.0M | ABEV, BAP, BUD, ITUB, XP |
| Q3 2024 | 7 | $349.5M | ABEV, BUD, BAP, ITUB, XP |
| Q2 2024 | 6 | $293.0M | XP, ITUB, ABEV, BAP, BUD |
| Q1 2024 | 6 | $342.1M | XP, ITUB, ABEV, BAP, BUD |