Fourth Sail Capital portfolio
Concentrated managerType not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 5, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Fourth Sail Capital reported a $660M portfolio of 26 positions to the SEC as of the end of Q2 2026. Its largest positions are BCO, DLO, AVO. During the quarter it opened Credicorp and Ternium and exited NCR Atleos and MercadoLibre.
Sections with a free account
What changed this quarter
35 positions with a change (12 new, 8 added to, 5 trimmed, 10 sold); also, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- NCR Atleos−13.4 ppof portfolioSold out14.5% → —
- MercadoLibre−8.6 ppof portfolioSold out9.4% → —
- Brink’s+137%more sharesIncreased7.1% → 14.1%
- Credicorp+7.1 ppof portfolioNew— → 7.1%
- Mission Produce+258%more sharesIncreased2.5% → 7.1%
- Liberty Latin America−4.9 ppof portfolioSold out5.3% → —
- Telecom Argentina−4.4 ppof portfolioSold out4.8% → —
- Ternium+4.4 ppof portfolioNew— → 4.4%
- XP+3.7 ppof portfolioNew— → 3.7%
- DLocal+74%more sharesIncreased4.8% → 7.8%
- Intercorp Financial Services−2.8 ppof portfolioSold out3.1% → —
- Crane NXT+2.7 ppof portfolioNew— → 2.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Brink’sBCO14.1%
- DLocalDLO7.8%
- Mission ProduceAVO7.1%
- CredicorpBAP7.1%
- TerniumTX4.4%
- Hormel FoodsHRL4.2%
- MethanexMEOH4.2%
- Vista Energy, S.A.B. de C.V.VIST4.0%
- Smithfield FoodsSFD3.9%
- Central PuertoCEPU3.8%
- Vizsla SilverVZLA3.8%
- XPXP3.7%
- LOMA Negra Compania Industrialargentina Sociedad AnonimaLOMA3.3%
- SylvamoSLVM2.7%
- GeoParkGPRK2.7%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 25%
- ● Financials 23%
- ● Industrials 21%
- ● Consumer Staples 15%
- ● Energy 7%
- ● Information Technology 5%
- ● Utilities 4%
How its portfolio changed (8 quarters)
Q2 2026: 26
Q2 2026: 61%
Q2 2026: 51.8%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified. It meets the portfolio criteria of a concentrated manager, but its type is not verified: we found no official document that is enough to say what kind of entity it is. It may be an investment firm, but also an adviser adding up client accounts, a bank or a family vehicle. It counts in the tallies like the rest; keep that in mind when reading it. How the type is assigned
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A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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