Seafarer Capital Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 9, 2026), Seafarer Capital Partners, LLC reported 9 stock positions worth $385.0 million. Its top holding was Credicorp (BAP) at 20.4% of the portfolio, followed by Itau Unibanco H-Spon PRF ADR (ITUB, 20.3%) and Ambev SA-ADR (ABEV, 18.0%). Compared with Q3 2025, it opened 2 new positions and added to 1. The biggest buy was a new position in HDFC Bank Ltd.-ADR (HDB).
- Most Recent 13F
- Q2 2026
- Location
- CORTE MADERA, CA
- CIK
- 0001697721
- Portfolio Value
- $385.0M (Q4 2025)
- SEC Filing
- 0001697721-26-000003 ↗ filed Jan 9, 2026
Holdings Value
Holdings 9 stocks · $385.0M
| BAP Credicorp Ltd. | 20.35% | 273,000 | $78.4M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 20.29% | 10,909,142 | $78.1M | Add +3.0% |
| ABEV Ambev SA-ADR | 18.01% | 28,069,000 | $69.3M | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 17.20% | 1,034,000 | $66.2M | No change |
| XP XP Inc. Class A | 16.04% | 3,771,000 | $61.7M | No change |
| HDB HDFC Bank Ltd.-ADR | 5.99% | 632,000 | $23.1M | New |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.76% | 400,000 | $2.9M | No change |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.71% | 29,000 | $2.7M | No change |
| SUZ Suzano SA - Spon ADR | 0.64% | 265,000 | $2.5M | New |
Portfolio Sells Q3 2025 → Q4 2025
| None this quarter. | |||
Portfolio Buys Q3 2025 → Q4 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 |