Sagil Capital LLP

LONDON, X0 · CIK 1747744 · 13F filing filed 2026-08-13

Exempt reporting adviser since 2012 · limited liability partnership

Private funds1 (1 hedge) · $1.1bn gross assets
Websitesagilcap.com
Form ADV · 2026-05-08SEC adviser record

Legal entitySAGIL CAPITAL LLP (GB)
Part of SAGIL ASSET MANAGEMENT LIMITED (GB)

Kindhedge funds, futures, FCA fund manager
Others nearbyLondon

As an employer

Offices in1 country
Private fundshedge 1

In the UK

FCA-authorised companies1
Manages investmentsyes
Runs fundsyes
Retail clientsno, professional only

Company	Town	Staff	Pay gap report	FCA register
SAGIL CAPITAL LLP Limited Liability PartnershipFCA: Authorised · manages investments, manages AIFs, advises, deals	London			Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$204.7m reported value +31.1% vs Q1 2026

19positions

86.2%in top 10

8 new 5 added 3 reduced 5 sold out vs Q1 2026

Options: 1 call positions ($5.7m notional), 5 put positions ($69.7m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS VIST	VIST	606,919	$38.7m18.92%	18.92%	Added +356.9k	+356,919 142.8%
2	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	658,626	$33.0m16.10%	16.10%	Added +426.7k	+426,668 183.9%
3	ZIM INTEGRATED SHIPPING SERV SHS ZIM	ZIM	655,171	$17.0m8.32%	8.32%	Added +383.7k	+383,696 141.3%
4	NEXA RES S A COM NEXA	NEXA	1,366,754	$16.7m8.17%	8.17%	Added +29.0k	+28,960 2.2%
5	XP INC CL A XP	XP	1,000,000	$16.3m7.94%	7.94%	New
6	BARRICK MNG CORP COM SHS B	B	400,000	$14.7m7.18%	7.18%	Unchanged
7	PICS NV COM CL A PICS	PICS	1,300,000	$13.8m6.75%	6.75%	Unchanged
8	BANCO BBVA ARGENTINA S A SPONSORED ADS BBAR	BBAR	500,985	$9.8m4.80%	4.80%	Reduced -99.0k	-99,015 -16.5%
9	TERNIUM SA SPONSORED ADS TX	TX	204,756	$8.7m4.27%	4.27%	New
10	AZUL S A SPONSORED ADS AZUL	AZUL	843,494	$7.6m3.70%	3.70%	New
11	DHT HOLDINGS INC SHS NEW DHT	DHT	453,888	$7.5m3.67%	3.67%	New
12	GLOBANT S A COM GLOB	GLOB	205,700	$6.0m2.91%	2.91%	Added +130.7k	+130,700 174.3%
13	ARIS MNG CORP COM ARIS	ARIS	311,800	$4.6m2.27%	2.27%	Reduced -138.2k	-138,200 -30.7%
14	ISHARES TR IBOXX INV CP ETF LQD	LQD	36,200	$3.9m1.93%	1.93%	Unchanged
15	CEMENTOS PACASMAYO S A A SPONSORED ADR CPAC	CPAC	157,531	$1.9m0.92%	0.92%	Reduced -110.7k	-110,666 -41.3%
16	DLOCAL LTD CLASS A COM DLO	DLO	119,167	$1.5m0.76%	0.76%	New
17	LITHIUM ARGENTINA AG NOTE 1.750% 1/1 LARCN 1.75 01.15.27	LARCN 1.75 01.15.27	1,274,000	$1.2m0.61%	0.61%	New
18	ECOPETROL S A SPONSORED ADS EC	EC	74,889	$1.1m0.52%	0.52%	New
19	AMERICAS GOLD AND SILVER COR COM NEW USAS	USAS	118,933	$561.4k0.27%	0.27%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TELECOM ARGENTINA SA TEO	TEO	1,156,409	$13.5m1.2m shares
TSAKOS ENERGY NAVIGATION LTD TEN	TEN	250,000	$9.9m250.0k shares
NU HLDGS LTD NU	NU	600,000	$8.6m600.0k shares
ADECOAGRO S A AGRO	AGRO	503,476	$7.6m503.5k shares
NUTRIEN LTD NTR	NTR	100,000	$7.5m100.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES TR EEM · Put	EEM	Put	420,000	$28.7m420.0k shares	New
UNITED STS OIL FD LP USO · Put	USO	Put	200,000	$21.3m200.0k shares	Reduced
ISHARES INC EWZ · Put	EWZ	Put	300,000	$10.3m300.0k shares	New
PETROLEO BRASILEIRO SA PETRO PBR · Put	PBR	Put	400,000	$6.5m400.0k shares	New
PETROLEO BRASILEIRO SA PETRO PBR · Call	PBR	Call	350,000	$5.7m350.0k shares	Unchanged
ECOPETROL S A EC · Put	EC	Put	200,000	$2.8m200.0k shares	New