Q3 2025 · 13F-HR
Fourth Sail Capital LPholdings as filed
Filed 2025-11-14 · accession 0001803158-25-000012
$413.8M
Reported value
28
Positions
2025-09-30
Period end
The Brief · Fourth Sail Capital LP · Q3 2025
AI · grounded in 13F
Fourth Sail Capital LP closed its position in NU HLDGS LTD, reducing exposure by $31.2M. The fund also exited positions in CORPORACION AMER ARPTS S A for $30.8M and BCO for $25.1M. On the buy side, the fund established new positions in HRL for $17.4M, GEOPARK LTD for $17.3M, and BBB FOODS INC for $16.9M. Additionally, the fund increased its holdings in CEPU by 1,292.64% and SLVM by 238.83%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 871332102 | SLVM | SYLVAMO CORP | $24.4M | 5.89% | 550,932 | Common | SOLE |
| 832248207 | SFD | SMITHFIELD FOODS INC | $23.0M | 5.57% | 981,581 | Common | SOLE |
| 302301106 | EZPW | EZCORP INC | $22.4M | 5.42% | 1,177,997 | Common | SOLE |
| 058934100 | BBAR | BANCO BBVA ARGENTINA S A | $22.2M | 5.37% | 2,669,262 | Common | SOLE |
| 39813G109 | GDYN | GRID DYNAMICS HLDGS INC | $21.7M | 5.24% | 2,811,405 | Common | SOLE |
| G9001E128 | LILAK | LIBERTY LATIN AMERICA LTD | $19.9M | 4.82% | 2,362,507 | Common | SOLE |
| 92859G608 | VZLA | VIZSLA SILVER CORP | $18.7M | 4.52% | 4,331,900 | Common | SOLE |
| 91688R108 | URG | UR-ENERGY INC | $17.8M | 4.31% | 9,965,357 | Common | SOLE |
| 54150E104 | LOMA | LOMA NEGRA C I A S A MTN 14 | $17.5M | 4.22% | 2,371,924 | Common | SOLE |
| 440452100 | HRL | HORMEL FOODS CORP | $17.4M | 4.21% | 705,000 | Common | SOLE |
| G38327105 | GPRK | GEOPARK LTD | $17.3M | 4.17% | 2,708,539 | Common | SOLE |
| G0896C103 | TBBB | BBB FOODS INC | $16.9M | 4.08% | 625,532 | Common | SOLE |
| G29018101 | DLO | DLOCAL LTD | $16.8M | 4.06% | 1,178,000 | Common | SOLE |
| 155038201 | CEPU | CENTRAL PUERTO S A | $16.6M | 4.01% | 2,069,477 | Common | SOLE |
| 959802109 | WU | WESTERN UN CO | $15.6M | 3.76% | 1,948,600 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $13.6M | 3.29% | 396,200 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $13.6M | 3.29% | 55,200 | Common | SOLE |
| G85158106 | STNE | STONECO LTD | $13.0M | 3.14% | 686,400 | Common | SOLE |
| 893870204 | TGS | TRANSPORTADORA DE GAS SUR | $12.9M | 3.12% | 614,891 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $12.8M | 3.08% | 630,608 | Common | SOLE |
| 879273209 | TEO | TELECOM ARGENTINA SA | $11.9M | 2.87% | 1,632,222 | Common | SOLE |
| P5626F128 | IFS | INTERCORP FINL SVCS INC | $9.3M | 2.24% | 230,003 | Common | SOLE |
| G60409110 | MTALEUR | MAC COPPER LIMITED | $7.9M | 1.91% | 646,565 | Common | SOLE |
| G1117K114 | BIOX | BIOCERES CROP SOLUTIONS CORP | $6.5M | 1.58% | 4,627,669 | Common | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $6.3M | 1.51% | 17,901,528 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $6.3M | 1.51% | 23,488 | Common | SOLE |
| G9001E102 | LILA | LIBERTY LATIN AMERICA LTD | $6.2M | 1.50% | 748,761 | Common | SOLE |
| 21240E105 | VLRS | CONTROLADORA VUELA COMP DE A | $5.4M | 1.31% | 754,484 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.