Fourth Sail Capital LP
CIK 1803158 · View on SEC EDGAR ↗
- Portfolio value
- $659.9M
- Positions
- 26
- As of
- June 30, 2026
#3,185 of 9,443 by 13F value · top 33.7%
Portfolio value QoQ: +8.5% 13F does not disclose cash
- Top 10 holdings weight
- 60.61%
- Top 25 holdings weight
- 99.42%
- Positions above 1%
- 25
- Effective number of positions
- 17.6
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 50.56% Est. buys $381,680,886 · sells $320,621,894
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 40.0% still held
- New positions
- 12
- Increased
- 8
- Decreased
- 5
- Closed
- 11
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +28.7% · S&P 500: +17.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 92.7% · Options excluded: 0.0%
Sector breakdown
Industrials
26.7%
Financial Services
18.6%
Consumer Staples
15.3%
Materials
10.6%
Financials
9.5%
Energy
6.7%
Utilities
3.8%
Paper & Forest
2.7%
Technology
2.4%
Other/Unmapped
3.8%
Full portfolio 26 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BCO Brinks Company (The) Common Stock | $93,171,865 | 14.12% | 986,050 | $50,121,062 | Up ×1 | ||
| DLO DLocal Limited - Class A Common Shares | $51,241,507 | 7.77% | 3,943,171 | $21,839,593 | Up ×3 | ||
| AVO Mission Produce, Inc. - Common Stock | $46,880,247 | 7.10% | 3,976,272 | $31,617,655 | Up ×2 | ||
| BAP Credicorp Ltd. Common Stock | $46,540,785 | 7.05% | 119,464 | ||||
| TX Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) | $29,007,306 | 4.40% | 679,328 | Up ×1 | |||
| HRL Hormel Foods Corporation Common Stock | $27,926,521 | 4.23% | 1,125,162 | $4,871,947 | Up ×1 | ||
| MEOH Methanex Corporation - Common Stock | $27,496,955 | 4.17% | 595,817 | $8,211,830 | Up ×1 | ||
| VIST Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value | $26,483,380 | 4.01% | 415,100 | $8,370,580 | Up ×1 | ||
| SFD Smithfield Foods, Inc. - Common Stock | $25,899,467 | 3.92% | 1,067,579 | $-5,319,668 | Down ×2 | ||
| CEPU Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) | $25,323,699 | 3.84% | 1,704,152 | $5,956,358 | Up ×1 | ||
| VZLA | $25,011,070 | 3.79% | 7,579,112 | $0 | |||
| XP XP Inc. - Class A Common Stock | $24,400,732 | 3.70% | 1,500,660 | ||||
| LOMA Loma Negra Compania Industrial Argentina Sociedad Anonima ADS | $22,023,915 | 3.34% | 1,923,486 | $-5,368,074 | Down ×1 | ||
| SLVM Sylvamo Corporation Common Stock | $17,648,971 | 2.67% | 466,904 | $-409,051 | Up ×2 | ||
| GPRK Geopark Ltd Common Shares | $17,533,179 | 2.66% | 1,926,723 | $-3,613,185 | Down ×3 | ||
| CXT Crane NXT, Co. Common Stock | $17,527,416 | 2.66% | 342,600 | Up ×1 | |||
| WU Western Union Company (The) Common Stock | $16,328,505 | 2.47% | 2,120,585 | ||||
| VMC Vulcan Materials Company (Holding Company) Common Stock | $16,019,043 | 2.43% | 54,300 | Up ×1 | |||
| GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying | $15,971,927 | 2.42% | 319,247 | ||||
| STNE StoneCo Ltd. - Class A Common Share | $15,886,020 | 2.41% | 1,465,500 | ||||
| MLM Martin Marietta Materials, Inc. Common Stock | $15,570,900 | 2.36% | 27,000 | Up ×1 | |||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $15,517,668 | 2.35% | 124,700 | ||||
| PAX Patria Investments Limited - Class A Common Shares | $15,086,465 | 2.29% | 1,373,995 | Up ×1 | |||
| TECK Teck Resources Ltd Ordinary Shares | $13,354,657 | 2.02% | 224,599 | $-12,482,669 | Down ×1 | ||
| EVEX Eve Holding, Inc. Common Stock | $8,224,449 | 1.25% | 3,276,673 | Up ×1 | |||
| CPA Copa Holdings, S.A. Class A Common Stock | $3,808,509 | 0.58% | 24,481 | $-11,731,521 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| DLO | $51,241,507 | 7.77% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| BAP | $46,540,785 | 119,464 | 7.05% |
| TX | $29,007,306 | 679,328 | 4.40% |
| XP | $24,400,732 | 1,500,660 | 3.70% |
| CXT | $17,527,416 | 342,600 | 2.66% |
| WU | $16,328,505 | 2,120,585 | 2.47% |
| VMC | $16,019,043 | 54,300 | 2.43% |
| GGAL | $15,971,927 | 319,247 | 2.42% |
| STNE | $15,886,020 | 1,465,500 | 2.41% |
| MLM | $15,570,900 | 27,000 | 2.36% |
| ACN | $15,517,668 | 124,700 | 2.35% |
| PAX | $15,086,465 | 1,373,995 | 2.29% |
| EVEX | $8,224,449 | 3,276,673 | 1.25% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| BCO | Bought more | +571K | +$50.1M |
| AVO | Bought more | +2.9M | +$31.6M |
| DLO | Bought more | +1.7M | +$21.8M |
| TECK | Trimmed | -275K | -$12.5M |
| CPA | Trimmed | -112K | -$11.7M |
| VIST | Bought more | +175K | +$8.4M |
| MEOH | Bought more | +272K | +$8.2M |
| CEPU | Bought more | +553K | +$6.0M |
| LOMA | Trimmed | -546K | -$5.4M |
| SFD | Trimmed | -49K | -$5.3M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NATL | June 30, 2026 | 2,028,605 | $88,406,606 | 6.7% |
| MELI | June 30, 2026 | 32,940 | $56,953,919 | 13.0% |
| BBAR | March 31, 2026 | 2,847,061 | $51,446,392 | -10.2% |
| ACN | March 31, 2026 | 142,600 | $38,259,580 | -6.7% |
| BAP | March 31, 2026 | 120,988 | $34,723,556 | 10.9% |
| NU | Sept. 30, 2025 | 2,275,411 | $31,218,639 | -9.3% |
| CAAP | Sept. 30, 2025 | 1,521,602 | $30,827,657 | 27.8% |
| TEO | June 30, 2026 | 2,500,000 | $29,225,000 | 1.1% |
| ARCO | June 30, 2025 | 3,318,350 | $26,745,901 | -1.9% |
| BCO | Sept. 30, 2025 | 281,500 | $25,135,135 | -4.3% |
| LILAK | June 30, 2026 | 2,755,775 | $24,305,936 | 4.7% |
| AERO | March 31, 2026 | 1,100,000 | $24,156,000 | 0.7% |
| WU | March 31, 2026 | 2,589,752 | $24,110,591 | -17.4% |
| VALE | June 30, 2025 | 2,262,967 | $22,584,411 | 42.3% |
| GGAL | June 30, 2025 | 414,167 | $22,559,677 | -16.7% |
| CPA | Sept. 30, 2025 | 184,966 | $20,340,711 | 8.1% |
| IFS | June 30, 2026 | 369,900 | $18,568,980 | -5.1% |
| URG | Dec. 31, 2025 | 9,965,357 | $17,837,989 | No longer tracked |
| STNE | March 31, 2026 | 1,190,557 | $17,608,338 | -33.6% |
| TGLS | March 31, 2026 | 346,991 | $17,460,587 | -9.0% |
| FCFS | March 31, 2026 | 109,416 | $17,438,722 | 10.9% |
| EZPW | March 31, 2026 | 868,717 | $16,870,484 | 12.2% |
| TBBB | Dec. 31, 2025 | 625,532 | $16,864,343 | 46.6% |
| YPF | June 30, 2026 | 363,690 | $16,809,752 | 13.2% |
| GGAL | March 31, 2026 | 308,728 | $16,652,788 | -10.2% |
| CVGW | June 30, 2026 | 631,037 | $16,274,444 | No longer tracked |
| BBAR | March 31, 2025 | 849,804 | $16,197,264 | -20.4% |
| VTEX | March 31, 2025 | 2,407,557 | $14,180,510 | -27.5% |
| STNE | June 30, 2025 | 1,301,556 | $13,640,307 | -41.6% |
| VIST | Dec. 31, 2025 | 396,200 | $13,629,280 | 48.2% |
| XP | June 30, 2025 | 969,296 | $13,327,820 | -19.6% |
| PPTA | Dec. 31, 2025 | 630,608 | $12,757,200 | 5.5% |
| EPAM | Sept. 30, 2025 | 71,700 | $12,677,994 | -27.3% |
| CDE | June 30, 2025 | 2,128,963 | $12,603,461 | 137.5% |
| BPOP | Sept. 30, 2025 | 112,799 | $12,431,578 | 34.4% |
| DAVA | Sept. 30, 2025 | 731,423 | $11,205,400 | -65.6% |
| EMBJ | June 30, 2026 | 186,125 | $11,044,658 | 20.7% |
| IFS | Dec. 31, 2025 | 230,003 | $9,278,321 | 27.6% |
| PPTA | March 31, 2025 | 822,295 | $8,773,888 | 138.8% |
| MTAL | Dec. 31, 2025 | 646,565 | $7,894,558 | |
| LILA | June 30, 2026 | 909,742 | $7,860,170 | 4.8% |
| TIGO | June 30, 2025 | 228,692 | $6,922,507 | 140.2% |
| VLRS | March 31, 2026 | 757,761 | $6,728,917 | -3.2% |
| IRS | Sept. 30, 2025 | 454,301 | $6,328,413 | 23.9% |
| PAAS | Dec. 31, 2025 | 17,901,528 | $6,263,744 | -1.8% |
| TGS | March 31, 2026 | 191,630 | $5,957,776 | -18.2% |
| DCWS | March 31, 2025 | 2,709,983 | $5,685,730 | No longer tracked |
| BIOX | March 31, 2026 | 4,331,096 | $5,673,736 | -9.5% |
| YPF | June 30, 2025 | 133,312 | $4,671,252 | 63.7% |
| SXT | June 30, 2026 | 43,172 | $3,731,788 | 7.9% |
| GDYN | June 30, 2026 | 610,322 | $3,478,835 | 40.1% |
| UROY | June 30, 2025 | 582,712 | $1,025,573 | 66.4% |
| EQX | March 31, 2025 | 144,705 | $726,419 | No longer tracked |
| DC | June 30, 2025 | 169,965 | $450,407 | No longer tracked |