Fourth Sail Capital LP

GRAND CAYMAN, E9 · CIK 1803158 · 13F filing filed 2026-08-05

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityFourth Sail Capital LP (KY)

$659.9m reported value +8.5% vs Q1 2026

26positions

60.6%in top 10

12 new 8 added 5 reduced 11 sold out vs Q1 2026

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	BRINKS CO COM BCO	BCO	986,050	$93.2m14.12%	14.12%	Added +570.6k	+570,622 137.4%
2	DLOCAL LTD CLASS A COM DLO	DLO	3,943,171	$51.2m7.77%	7.77%	Added +1.7m	+1,676,254 73.9%
3	MISSION PRODUCE INC COM AVO	AVO	3,976,272	$46.9m7.10%	7.10%	Added +2.9m	+2,867,072 258.5%
4	CREDICORP LTD COM BAP	BAP	119,464	$46.5m7.05%	7.05%	New
5	TERNIUM SA SPONSORED ADS TX	TX	679,328	$29.0m4.40%	4.40%	New
6	HORMEL FOODS CORP COM HRL	HRL	1,125,162	$27.9m4.23%	4.23%	Added +107.3k	+107,300 10.5%
7	METHANEX CORP COM MEOH	MEOH	595,817	$27.5m4.17%	4.17%	Added +271.9k	+271,915 84.0%
8	VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS VIST	VIST	415,100	$26.5m4.01%	4.01%	Added +175.1k	+175,100 73.0%
9	SMITHFIELD FOODS INC COM SFD	SFD	1,067,579	$25.9m3.92%	3.92%	Reduced -48.6k	-48,586 -4.3%
10	CENTRAL PUERTO S A SPONSORED ADR CEPU	CEPU	1,704,152	$25.3m3.84%	3.84%	Added +553.4k	+553,389 48.1%
11	VIZSLA SILVER CORP COM NEW VZLA	VZLA	7,579,112	$25.0m3.79%	3.79%	Unchanged
12	XP INC CL A XP	XP	1,500,660	$24.4m3.70%	3.70%	New
13	LOMA NEGRA C I A S A MTN 14 SPONSORED ADS LOMA	LOMA	1,923,486	$22.0m3.34%	3.34%	Reduced -546.5k	-546,486 -22.1%
14	SYLVAMO CORP COMMON STOCK SLVM	SLVM	466,904	$17.6m2.67%	2.67%	Added +39.4k	+39,394 9.2%
15	GEOPARK LTD USD SHS GPRK	GPRK	1,926,723	$17.5m2.66%	2.66%	Reduced -299.2k	-299,210 -13.4%
16	CRANE NXT CO COM CXT	CXT	342,600	$17.5m2.66%	2.66%	New
17	WESTERN UN CO COM WU	WU	2,120,585	$16.3m2.47%	2.47%	New
18	VULCAN MATLS CO COM VMC	VMC	54,300	$16.0m2.43%	2.43%	New
19	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	319,247	$16.0m2.42%	2.42%	New
20	STONECO LTD COM CL A STNE	STNE	1,465,500	$15.9m2.41%	2.41%	New
21	MARTIN MARIETTA MATLS INC COM MLM	MLM	27,000	$15.6m2.36%	2.36%	New
22	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	124,700	$15.5m2.35%	2.35%	New
23	PATRIA INVESTMENTS LIMITED COM CL A PAX	PAX	1,373,995	$15.1m2.29%	2.29%	New
24	TECK RESOURCES LTD CL B TECK	TECK	224,599	$13.4m2.02%	2.02%	Reduced -274.7k	-274,673 -55.0%
25	EVE HLDG INC COM EVEX	EVEX	3,276,673	$8.2m1.25%	1.25%	New
26	COPA HOLDINGS SA CL A CPA	CPA	24,481	$3.8m0.58%	0.58%	Reduced -112.3k	-112,303 -82.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
NCR ATLEOS CORPORATION NATL	NATL	2,028,605	$88.4m2.0m shares
MERCADOLIBRE INC MELI	MELI	32,940	$57.0m32.9k shares
TELECOM ARGENTINA SA TEO	TEO	2,500,000	$29.2m2.5m shares
LIBERTY LATIN AMERICA LTD LILAK	LILAK	2,755,775	$24.3m2.8m shares
INTERCORP FINL SVCS INC IFS	IFS	369,900	$18.6m369.9k shares
YPF SOCIEDAD ANONIMA YPF	YPF	363,690	$16.8m363.7k shares
CALAVO GROWERS INC		631,037	$16.3m631.0k shares
EMBRAER S.A. EMBJ	EMBJ	186,125	$11.0m186.1k shares
LIBERTY LATIN AMERICA LTD LILA	LILA	909,742	$7.9m909.7k shares
SENSIENT TECHNOLOGIES CORP SXT	SXT	43,172	$3.7m43.2k shares
GRID DYNAMICS HLDGS INC GDYN	GDYN	610,322	$3.5m610.3k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BIOCERES CROP SOLUTIONS CORP BIOX · 13G · filed 2026-01-21	BIOX	6.8%≈ $1.5m	-0.5 pts	13G	2026-01-21