Fourth Sail Capital LP 13F: Quarter-over-Quarter Portfolio Changes
Fourth Sail Capital LP reported a disclosed portfolio value of approximately $608.4 million in its latest SEC Form 13F-HR filing for Q1 2026, down 2.4% quarter on quarter. Over the quarter, the fund initiated 8 new positions, bought more shares in 9 holdings, trimmed 7 holdings, and exited 13 positions.
Fourth Sail Capital LP's top buy was a new stake in Mercadolibre INC (MELI) , equal to 9.4% of the disclosed portfolio. Its top sell was Bbva Argent-Adr (BBAR) . The fund exited the position completely after it had accounted for 8.3% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| MERCADOLIBRE INC | MELI | 9.4% | History → |
| BRINKS CO | BCO | 7.1% | History → |
| METHANEX CORP | MEOH | 3.2% | Holders → |
| INTERCORP FINL SVCS INC | IFS | 3.1% | Holders → |
| VISTA ENERGY SAB | VIST | 3.0% | Holders → |
| YPF SA-ADR | YPF | 2.8% | Holders → |
| EMBRAER S.A. | EMBJ | 1.8% | Holders → |
| SENSIENT TECHNOLOGIES CORP | SXT | 0.6% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 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 | +2.4% | +1674.0% | Holders → |
| TELECOM ARGENTINA SA | TEO | +4.0% | +451.4% | History → |
| TECK RESOURCES LTD | TECK | +3.1% | +236.2% | History → |
| NCR ATLEOS CORPORATION | NATL | +9.1% | +130.1% | History → |
| DLOCAL LTD | DLO | +0.7% | +24.3% | History → |
| VIZSLA SILVER CORP | VZLA | +-1.3% | +22.9% | History → |
| SYLVAMO CORP | SLVM | +0.3% | +21.9% | Holders → |
| COPA HOLDINGS SA | CPA | +0.0% | +5.1% | Holders → |
| LOMA NEGRA C-ADR | LOMA | +-0.5% | +2.7% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| GRID DYNAMICS HLDGS INC | GDYN | -5.0% | 84.1% | Holders → |
| HORMEL FOODS CORP | HRL | -1.7% | 29.4% | Holders → |
| CALAVO GROWERS INC | CVGW | 0.2% | 9.7% | Holders → |
| GEOPARK LTD | GPRK | 0.6% | 7.1% | Holders → |
| LIBERTY LATIN AMERICA LTD | LILAK | 0.5% | 4.8% | History → |
| CENTRAL PUERTO S A | CEPU | -0.2% | 3.4% | Holders → |
| SMITHFIELD FOODS INC | SFD | 1.0% | 2.1% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| BBVA ARGENT-ADR | BBAR | 8.3% |
| ACCENTURE | ACN | 6.1% |
| CREDICORP LTD | BAP | 5.6% |
| GRUPO AEROMEXICO SAB DE CV | AERO | 3.9% |
| WESTERN UNION | WU | 3.9% |
| STONECO LTD | STNE | 2.8% |
| TECNOGLASS INC | TGLS | 2.8% |
| FIRSTCASH HOLDINGS INC | FCFS | 2.8% |
| EZCORP INC | EZPW | 2.7% |
| GRUPO FINANCIERO GALICIA S.A | GGAL | 2.7% |
| CONTROLADORA VUELA COMP DE A | VLRS | 1.1% |
| TRANSPORT GA-ADR | TGS | 1.0% |
| BIOCERES CROP SOLUTIONS CORP | BIOX | 0.9% |
Net Portfolio Value ChangeQ1 2026
- $0.6BPrior quarter
- $0.6BCurrent quarter
- $-0.0BNet delta
- -2.4%% 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 Q1 2026?
In Q1 2026, Fourth Sail Capital LP initiated 8 new positions (MERCADOLIBRE INC (MELI), BRINKS CO (BCO), METHANEX CORP (MEOH), INTERCORP FINL SVCS INC (IFS), VISTA ENERGY SAB (VIST), YPF SA-ADR (YPF), EMBRAER S.A. (EMBJ), SENSIENT TECHNOLOGIES CORP (SXT)); bought more shares of MISSION PRODUCE INC (AVO), TELECOM ARGENTINA SA (TEO), TECK RESOURCES LTD (TECK), NCR ATLEOS CORPORATION (NATL), DLOCAL LTD (DLO) — the largest 5 of 9 adds.
What stocks did Fourth Sail Capital LP sell in Q1 2026?
In Q1 2026, Fourth Sail Capital LP fully sold 13 positions (BBVA ARGENT-ADR (BBAR), ACCENTURE (ACN), CREDICORP LTD (BAP), GRUPO AEROMEXICO SAB DE CV (AERO), WESTERN UNION (WU), STONECO LTD (STNE), TECNOGLASS INC (TGLS), FIRSTCASH HOLDINGS INC (FCFS), EZCORP INC (EZPW), GRUPO FINANCIERO GALICIA S.A (GGAL), CONTROLADORA VUELA COMP DE A (VLRS), TRANSPORT GA-ADR (TGS), BIOCERES CROP SOLUTIONS CORP (BIOX)); reduced holdings in GRID DYNAMICS HLDGS INC (GDYN), HORMEL FOODS CORP (HRL), CALAVO GROWERS INC (CVGW), GEOPARK LTD (GPRK), LIBERTY LATIN AMERICA LTD (LILAK) — the largest 5 of 7 reductions.
Which positions did Fourth Sail Capital LP initiate in Q1 2026?
Fourth Sail Capital LP established 8 new positions in Q1 2026: MERCADOLIBRE INC (MELI, 9.4%), BRINKS CO (BCO, 7.1%), METHANEX CORP (MEOH, 3.2%), INTERCORP FINL SVCS INC (IFS, 3.1%), VISTA ENERGY SAB (VIST, 3.0%), YPF SA-ADR (YPF, 2.8%), EMBRAER S.A. (EMBJ, 1.8%), SENSIENT TECHNOLOGIES CORP (SXT, 0.6%).
Which existing positions saw the largest allocation increases for Fourth Sail Capital LP in Q1 2026?
Of 9 existing positions with share-count increases in Q1 2026, the largest were: MISSION PRODUCE INC (AVO, +2.4% weight, +1674.0% shares), TELECOM ARGENTINA SA (TEO, +4.0% weight, +451.4% shares), TECK RESOURCES LTD (TECK, +3.1% weight, +236.2% shares), NCR ATLEOS CORPORATION (NATL, +9.1% weight, +130.1% shares), DLOCAL LTD (DLO, +0.7% weight, +24.3% shares), VIZSLA SILVER CORP (VZLA, +-1.3% weight, +22.9% shares), SYLVAMO CORP (SLVM, +0.3% weight, +21.9% shares), COPA HOLDINGS SA (CPA, +0.0% weight, +5.1% shares), LOMA NEGRA C-ADR (LOMA, +-0.5% weight, +2.7% shares).
Which positions did Fourth Sail Capital LP fully exit in Q1 2026?
Fourth Sail Capital LP fully exited 13 positions in Q1 2026: BBVA ARGENT-ADR (BBAR, last-reported weight 8.3%), ACCENTURE (ACN, last-reported weight 6.1%), CREDICORP LTD (BAP, last-reported weight 5.6%), GRUPO AEROMEXICO SAB DE CV (AERO, last-reported weight 3.9%), WESTERN UNION (WU, last-reported weight 3.9%), STONECO LTD (STNE, last-reported weight 2.8%), TECNOGLASS INC (TGLS, last-reported weight 2.8%), FIRSTCASH HOLDINGS INC (FCFS, last-reported weight 2.8%), EZCORP INC (EZPW, last-reported weight 2.7%), GRUPO FINANCIERO GALICIA S.A (GGAL, last-reported weight 2.7%), CONTROLADORA VUELA COMP DE A (VLRS, last-reported weight 1.1%), TRANSPORT GA-ADR (TGS, last-reported weight 1.0%), BIOCERES CROP SOLUTIONS CORP (BIOX, last-reported weight 0.9%).
Which existing positions saw the largest allocation reductions for Fourth Sail Capital LP in Q1 2026?
Of 7 existing positions with share-count reductions in Q1 2026, the largest were: GRID DYNAMICS HLDGS INC (GDYN, -5.0% weight, -84.1% shares), HORMEL FOODS CORP (HRL, -1.7% weight, -29.4% shares), CALAVO GROWERS INC (CVGW, 0.2% weight, -9.7% shares), GEOPARK LTD (GPRK, 0.6% weight, -7.1% shares), LIBERTY LATIN AMERICA LTD (LILAK, 0.5% weight, -4.8% shares), CENTRAL PUERTO S A (CEPU, -0.2% weight, -3.4% shares), SMITHFIELD FOODS INC (SFD, 1.0% weight, -2.1% 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.