Seafarer Capital Partners, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Seafarer Capital Partners, LLC reported 9 stock positions worth $435.8 million. Its top holding was Itau Unibanco H-Spon PRF ADR (ITUB) at 21.0% of the portfolio, followed by Ambev SA-ADR (ABEV, 18.8%) and Credicorp (BAP, 18.0%). Compared with Q4 2025, it added to 2 and reduced 1. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +82%) and the biggest sale Credicorp (BAP, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- CORTE MADERA, CA
- CIK
- 0001697721
- Portfolio Value
- $435.8M (Q1 2026)
- SEC Filing
- 0001697721-26-000004 ↗ filed May 5, 2026
Holdings Value
Holdings 9 stocks · $435.8M
| ITUB Itau Unibanco H-Spon PRF ADR | 20.98% | 10,909,142 | $91.4M | No change |
| ABEV Ambev SA-ADR | 18.81% | 28,069,000 | $82.0M | No change |
| BAP Credicorp Ltd. | 17.97% | 230,900 | $78.3M | Reduce -15.4% |
| XP XP Inc. Class A | 16.48% | 3,771,000 | $71.8M | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 16.46% | 1,034,000 | $71.7M | No change |
| HDB HDFC Bank Ltd.-ADR | 7.07% | 1,148,000 | $30.8M | Add +81.7% |
| SUZ Suzano SA - Spon ADR | 0.84% | 365,000 | $3.7M | Add +37.7% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.76% | 400,000 | $3.3M | No change |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.65% | 29,000 | $2.8M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| BAP Credicorp Ltd. | Reduce -15.4% | 17.97% | −2.38 |
Portfolio Buys Q4 2025 → Q1 2026
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 |