Q4 2025 · 13F-HR
Fourth Sail Capital LPholdings as filed
Filed 2026-02-13 · accession 0001803158-26-000004
$623.4M
Reported value
30
Positions
2025-12-31
Period end
The Brief · Fourth Sail Capital LP · Q4 2025
AI · grounded in 13F
Fourth Sail Capital LP established a new position in NATL valued at $33.6M. The fund also opened new stakes in AERO for $24.2M and Tecnoglass Inc for $17.5M. On the sell side, the fund closed its positions in URG for $17.8M and BBB Foods Inc for $16.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 058934100 | BBAR | BANCO BBVA ARGENTINA S A | $51.4M | 8.25% | 2,847,061 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $38.3M | 6.14% | 142,600 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $34.7M | 5.57% | 120,988 | Common | SOLE |
| 39813G109 | GDYN | GRID DYNAMICS HLDGS INC | $34.6M | 5.55% | 3,827,968 | Common | SOLE |
| 440452100 | HRL | HORMEL FOODS CORP | $34.2M | 5.48% | 1,441,662 | Common | SOLE |
| 92859G608 | VZLA | VIZSLA SILVER CORP | $33.7M | 5.41% | 6,166,612 | Common | SOLE |
| 63001N106 | NATL | NCR ATLEOS CORPORATION | $33.6M | 5.39% | 881,568 | Common | SOLE |
| 54150E104 | LOMA | LOMA NEGRA C I A S A MTN 14 | $31.1M | 4.99% | 2,404,072 | Common | SOLE |
| G29018101 | DLO | DLOCAL LTD | $25.8M | 4.14% | 1,823,873 | Common | SOLE |
| 832248207 | SFD | SMITHFIELD FOODS INC | $25.5M | 4.09% | 1,140,619 | Common | SOLE |
| 40054J109 | AERO | GRUPO AEROMEXICO SAB DE CV | $24.2M | 3.88% | 1,100,000 | Common | SOLE |
| 959802109 | WU | WESTERN UN CO | $24.1M | 3.87% | 2,589,752 | Common | SOLE |
| G9001E128 | LILAK | LIBERTY LATIN AMERICA LTD | $21.6M | 3.47% | 2,895,728 | Common | SOLE |
| 155038201 | CEPU | CENTRAL PUERTO S A | $20.9M | 3.34% | 1,191,489 | Common | SOLE |
| G38327105 | GPRK | GEOPARK LTD | $17.8M | 2.85% | 2,396,408 | Common | SOLE |
| G85158106 | STNE | STONECO LTD | $17.6M | 2.82% | 1,190,557 | Common | SOLE |
| G87264100 | TGLS | TECNOGLASS INC | $17.5M | 2.80% | 346,991 | Common | SOLE |
| 33768G107 | FCFS | FIRSTCASH HOLDINGS INC | $17.4M | 2.80% | 109,416 | Common | SOLE |
| 871332102 | SLVM | SYLVAMO CORP | $16.9M | 2.71% | 350,632 | Common | SOLE |
| 302301106 | EZPW | EZCORP INC | $16.9M | 2.71% | 868,717 | Common | SOLE |
| 399909100 | GGAL | GRUPO FINANCIERO GALICIA S.A | $16.7M | 2.67% | 308,728 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $15.7M | 2.52% | 130,200 | Common | SOLE |
| 128246105 | CVGW | CALAVO GROWERS INC | $15.2M | 2.44% | 699,117 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $7.1M | 1.14% | 148,500 | Common | SOLE |
| 21240E105 | VLRS | CONTROLADORA VUELA COMP DE A | $6.7M | 1.08% | 757,761 | Common | SOLE |
| G9001E102 | LILA | LIBERTY LATIN AMERICA LTD | $6.7M | 1.08% | 909,742 | Common | SOLE |
| 893870204 | TGS | TRANSPORTADORA DE GAS SUR | $6.0M | 0.96% | 191,630 | Common | SOLE |
| G1117K114 | BIOX | BIOCERES CROP SOLUTIONS CORP | $5.7M | 0.91% | 4,331,096 | Common | SOLE |
| 879273209 | TEO | TELECOM ARGENTINA SA | $5.3M | 0.84% | 453,402 | Common | SOLE |
| 60510V108 | AVO | MISSION PRODUCE INC | $725,290 | 0.12% | 62,525 | 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.