Fourth Sail Capital LP 13F: Quarter-over-Quarter Portfolio Changes
Fourth Sail Capital LP reported a disclosed portfolio value of approximately $659.9 million in its latest SEC Form 13F-HR filing for Q2 2026, up 8.5% quarter on quarter. Over the quarter, the fund initiated 12 new positions, bought more shares in 8 holdings, trimmed 5 holdings, and exited 11 positions.
Fourth Sail Capital LP's top buy was a new stake in Credicorp LTD (BAP) , equal to 7.1% of the disclosed portfolio. Its top sell was Ncr Atleos Corporation (NATL) . The fund exited the position completely after it had accounted for 14.5% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| CREDICORP LTD | BAP | 7.1% | History → |
| TERNIUM SA | TX | 4.4% | History → |
| XP INC | XP | 3.7% | Holders → |
| CRANE NXT CO | CXT | 2.7% | Holders → |
| WESTERN UN CO | WU | 2.5% | Holders → |
| VULCAN MATLS CO | VMC | 2.4% | Holders → |
| GRUPO FINANCIERO GALICIA S.A | GGAL | 2.4% | Holders → |
| STONECO LTD | STNE | 2.4% | Holders → |
| MARTIN MARIETTA MATLS INC | MLM | 2.4% | Holders → |
| ACCENTURE PLC IRELAND | ACN | 2.4% | Holders → |
| PATRIA INVESTMENTS LIMITED | PAX | 2.3% | Holders → |
| EVE HLDG INC | EVEX | 1.2% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| MISSION PRODUCE INC | AVO | +4.6% | +258.5% | History → |
| BRINKS CO | BCO | +7.0% | +137.4% | History → |
| METHANEX CORP | MEOH | +1.0% | +83.9% | History → |
| DLOCAL LTD | DLO | +2.9% | +73.9% | History → |
| VISTA ENERGY S.A.B. DE C.V. | VIST | +1.0% | +73.0% | History → |
| CENTRAL PUERTO S A | CEPU | +0.7% | +48.1% | History → |
| HORMEL FOODS CORP | HRL | +0.4% | +10.5% | History → |
| SYLVAMO CORP | SLVM | +-0.3% | +9.2% | Holders → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| COPA HOLDINGS SA | CPA | -2.0% | 82.1% | Holders → |
| TECK RESOURCES LTD | TECK | -2.2% | 55.0% | Holders → |
| LOMA NEGRA C I A S A MTN 14 | LOMA | -1.2% | 22.1% | Holders → |
| GEOPARK, LTD. | GPRK | -0.8% | 13.4% | Holders → |
| SMITHFIELD FOODS INC | SFD | -1.2% | 4.4% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| NCR ATLEOS CORPORATION | NATL | 14.5% |
| MERCADOLIBRE INC | MELI | 9.4% |
| TELECOM ARGENTINA SA | TEO | 4.8% |
| LIBERTY LATIN AMERICA LTD | LILAK | 4.0% |
| INTERCORP FINANCIAL SERVICES, INC. | IFS | 3.1% |
| YPF SOCIEDAD ANONIMA | YPF | 2.8% |
| CALAVO GROWERS INC | CVGW | 2.7% |
| EMBRAER S.A. | EMBJ | 1.8% |
| LIBERTY LATIN AMERICA LTD | LILA | 1.3% |
| SENSIENT TECHNOLOGIES CORP | SXT | 0.6% |
| GRID DYNAMICS HLDGS INC | GDYN | 0.6% |
Net Portfolio Value ChangeQ2 2026
- $0.6BPrior quarter
- $0.7BCurrent quarter
- +$0.1BNet delta
- +8.5%% change
Methodology & FAQ
How Fourth Sail Capital LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Fourth Sail Capital LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Fourth Sail Capital LP buy in Q2 2026?
In Q2 2026, Fourth Sail Capital LP initiated 12 new positions (CREDICORP LTD (BAP), TERNIUM SA (TX), XP INC (XP), CRANE NXT CO (CXT), WESTERN UN CO (WU), VULCAN MATLS CO (VMC), GRUPO FINANCIERO GALICIA S.A (GGAL), STONECO LTD (STNE), MARTIN MARIETTA MATLS INC (MLM), ACCENTURE PLC IRELAND (ACN), PATRIA INVESTMENTS LIMITED (PAX), EVE HLDG INC (EVEX)); bought more shares of MISSION PRODUCE INC (AVO), BRINKS CO (BCO), METHANEX CORP (MEOH), DLOCAL LTD (DLO), VISTA ENERGY S.A.B. DE C.V. (VIST) (the largest 5 of 8 adds).
What stocks did Fourth Sail Capital LP sell in Q2 2026?
In Q2 2026, Fourth Sail Capital LP fully sold 11 positions (NCR ATLEOS CORPORATION (NATL), MERCADOLIBRE INC (MELI), TELECOM ARGENTINA SA (TEO), LIBERTY LATIN AMERICA LTD (LILAK), INTERCORP FINANCIAL SERVICES, INC. (IFS), YPF SOCIEDAD ANONIMA (YPF), CALAVO GROWERS INC (CVGW), EMBRAER S.A. (EMBJ), LIBERTY LATIN AMERICA LTD (LILA), SENSIENT TECHNOLOGIES CORP (SXT), GRID DYNAMICS HLDGS INC (GDYN)); reduced holdings in COPA HOLDINGS SA (CPA), TECK RESOURCES LTD (TECK), LOMA NEGRA C I A S A MTN 14 (LOMA), GEOPARK, LTD. (GPRK), SMITHFIELD FOODS INC (SFD).
Which positions did Fourth Sail Capital LP initiate in Q2 2026?
Fourth Sail Capital LP established 12 new positions in Q2 2026: CREDICORP LTD (BAP, 7.1%), TERNIUM SA (TX, 4.4%), XP INC (XP, 3.7%), CRANE NXT CO (CXT, 2.7%), WESTERN UN CO (WU, 2.5%), VULCAN MATLS CO (VMC, 2.4%), GRUPO FINANCIERO GALICIA S.A (GGAL, 2.4%), STONECO LTD (STNE, 2.4%), MARTIN MARIETTA MATLS INC (MLM, 2.4%), ACCENTURE PLC IRELAND (ACN, 2.4%), PATRIA INVESTMENTS LIMITED (PAX, 2.3%), EVE HLDG INC (EVEX, 1.2%).
Which existing positions saw the largest allocation increases for Fourth Sail Capital LP in Q2 2026?
Of 8 existing positions with share-count increases in Q2 2026, the largest were: MISSION PRODUCE INC (AVO, +4.6% weight, +258.5% shares), BRINKS CO (BCO, +7.0% weight, +137.4% shares), METHANEX CORP (MEOH, +1.0% weight, +83.9% shares), DLOCAL LTD (DLO, +2.9% weight, +73.9% shares), VISTA ENERGY S.A.B. DE C.V. (VIST, +1.0% weight, +73.0% shares), CENTRAL PUERTO S A (CEPU, +0.7% weight, +48.1% shares), HORMEL FOODS CORP (HRL, +0.4% weight, +10.5% shares), SYLVAMO CORP (SLVM, +-0.3% weight, +9.2% shares).
Which positions did Fourth Sail Capital LP fully exit in Q2 2026?
Fourth Sail Capital LP fully exited 11 positions in Q2 2026: NCR ATLEOS CORPORATION (NATL, last-reported weight 14.5%), MERCADOLIBRE INC (MELI, last-reported weight 9.4%), TELECOM ARGENTINA SA (TEO, last-reported weight 4.8%), LIBERTY LATIN AMERICA LTD (LILAK, last-reported weight 4.0%), INTERCORP FINANCIAL SERVICES, INC. (IFS, last-reported weight 3.1%), YPF SOCIEDAD ANONIMA (YPF, last-reported weight 2.8%), CALAVO GROWERS INC (CVGW, last-reported weight 2.7%), EMBRAER S.A. (EMBJ, last-reported weight 1.8%), LIBERTY LATIN AMERICA LTD (LILA, last-reported weight 1.3%), SENSIENT TECHNOLOGIES CORP (SXT, last-reported weight 0.6%), GRID DYNAMICS HLDGS INC (GDYN, last-reported weight 0.6%).
Which existing positions saw the largest allocation reductions for Fourth Sail Capital LP in Q2 2026?
Of 5 existing positions with share-count reductions in Q2 2026, the largest were: COPA HOLDINGS SA (CPA, -2.0% weight, -82.1% shares), TECK RESOURCES LTD (TECK, -2.2% weight, -55.0% shares), LOMA NEGRA C I A S A MTN 14 (LOMA, -1.2% weight, -22.1% shares), GEOPARK, LTD. (GPRK, -0.8% weight, -13.4% shares), SMITHFIELD FOODS INC (SFD, -1.2% weight, -4.4% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.