Fourth Sail Capital LP: DLOCAL LTD (DLO): Quarterly 13F Position History
As of Q2 2026, Fourth Sail Capital LP reported 3,943,171 shares of DLOCAL LTD (DLO), worth $51.2M and representing 7.8% of its 13F equity book. Quarter-over-quarter share count change: + 1,676,254 (+73.9%) . The position first appeared in Q4 2023 and has been disclosed across 11 13F-HR filings in Pactolio's tracked window.
- 3,943,171Shares Held (Latest Filing)
- $51.2MReported Market Value (Latest Filing)
- 7.8%Portfolio Weight (% of 13F Equity Book)
- +1,676,254Quarter-over-Quarter Share Change
- +$21.8MQuarter-over-Quarter Value Change
- 3,943,171Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 11 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 3,943,171 | +1,676,254 | +73.9% | $51.2M | 7.8% | $13.0 |
| Q1 2026 | 2,266,917 | +443,044 | +24.3% | $29.4M | 4.8% | $13.0 |
| Q4 2025 | 1,823,873 | +645,873 | +54.8% | $25.8M | 4.1% | $14.1 |
| Q3 2025 | 1,178,000 | 368,639 | -23.8% | $16.8M | 4.1% | $14.3 |
| Q2 2025 | 1,546,639 | +390,270 | +33.7% | $17.5M | 3.6% | $11.3 |
| Q1 2025 | 1,156,369 | 31,229 | -2.6% | $9.6M | 2.3% | $8.3 |
| Q4 2024 | 1,187,598 | 584,334 | -33.0% | $13.4M | 4.0% | $11.3 |
| Q3 2024 | 1,771,932 | 625,838 | -26.1% | $14.2M | 3.6% | $8.0 |
| Q2 2024 | 2,397,770 | +906,561 | +60.8% | $19.4M | 4.4% | $8.1 |
| Q1 2024 | 1,491,209 | +655,548 | +78.4% | $21.9M | 6.5% | $14.7 |
| Q4 2023 | 835,661 | – | – | $14.8M | 4.7% | $17.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Fourth Sail Capital LP first disclose a DLO position in 13F-HR filings?
Fourth Sail Capital LP first reported DLOCAL LTD (DLO) on its 13F-HR filing for the period ending 2023-12-31 (Q4 2023). The position has appeared on 11 reported quarters within Pactolio's tracked window.
What was Fourth Sail Capital LP's most recent quarter-over-quarter share-count change in DLO?
Between Q1 2026 and Q2 2026, Fourth Sail Capital LP added 1,676,254 shares of DLO (+73.9%), bringing the total reported position to 3,943,171 shares at a market value of $51.2M.
Does the implied price-per-share represent Fourth Sail Capital LP's cost basis in DLO?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.