Fourth Sail Capital LP
GRAND CAYMAN, E9
$660m in 26 US stocks at the end of 30 June 2026. The top 10 are 60.6% of the money. It changed about 53.5% of the portfolio this quarter.
Value
$660m
Stocks
26
Top 10 share
60.6%
Turnover
53.5%
What changed this quarter
New
Bought for the first time this quarter.
- CredicorpBAP7.1% of the fund
- Ternium SATX4.4% of the fund
- XPXP3.7% of the fund
- Crane NXTCXT2.7% of the fund
- Western UnionWU2.5% of the fund
- Vulcan MaterialsVMC2.4% of the fund
- Grupo Financiero Galicia S.AGGAL2.4% of the fund
- StoneCoSTNE2.4% of the fund
- Martin Marietta MaterialsMLM2.4% of the fund
- AccentureACN2.4% of the fund
- Patria InvestmentsPAX2.3% of the fund
- Eve HoldingEVEX1.2% of the fund
Added
Bought more of a stock they already held.
- BrinksBCO14.1% of the fund+137%
- dLocalDLO7.8% of the fund+74%
- Mission ProduceAVO7.1% of the fund+258%
- Hormel FoodsHRL4.2% of the fund+11%
- MethanexMEOH4.2% of the fund+84%
- Vista Energy S.A.B. de C.V.VIST4.0% of the fund+73%
- Central Puerto S ACEPU3.8% of the fund+48%
- SylvamoSLVM2.7% of the fund+9%
Cut
Sold some of their stake.
- Smithfield FoodsSFD3.9% of the fund-4%
- Loma Negra Compania Industrial Argentina Sociedad AnonimaLOMA3.3% of the fund-22%
- GeoParkGPRK2.7% of the fund-13%
- Teck ResourcesTECK2.0% of the fund-55%
- Copa HoldingsCPA0.6% of the fund-82%
Sold out
Sold their entire stake.
- NCR AtleosNATL-100%
- MercadoLibreMELI-100%
- Telecom Argentina SATEO-100%
- Liberty Latin AmericaLILAK-100%
- Intercorp Financial ServicesIFS-100%
- YPF Sociedad AnonimaYPF-100%
- Calavo Growers-100%
- EmbraerEMBJ-100%
- Liberty Latin AmericaLILA-100%
- Sensient TechnologiesSXT-100%
- Grid Dynamics HoldingsGDYN-100%
Holdings
- Ternium SATX
- Share
- 4.4%
- Value
- $29m
- Shares
- 679,328
New
- MethanexMEOH
- Share
- 4.2%
- Value
- $27m
- Shares
- 595,817
+84%
- Vista Energy S.A.B. de C.V.VIST
- Share
- 4.0%
- Value
- $26m
- Shares
- 415,100
+73%
- Central Puerto S ACEPU
- Share
- 3.8%
- Value
- $25m
- Shares
- 1,704,152
+48%
- Vizsla SilverVZLA
- Share
- 3.8%
- Value
- $25m
- Shares
- 7,579,112
Held
- Grupo Financiero Galicia S.AGGAL
- Share
- 2.4%
- Value
- $16m
- Shares
- 319,247
New
- Teck ResourcesTECK
- Share
- 2.0%
- Value
- $13m
- Shares
- 224,599
-55%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| BrinksBCO | 14.1% | $93m | 986,050 | +137% |
| dLocalDLO | 7.8% | $51m | 3,943,171 | +74% |
| Mission ProduceAVO | 7.1% | $47m | 3,976,272 | +258% |
| CredicorpBAP | 7.1% | $47m | 119,464 | New |
| Ternium SATX | 4.4% | $29m | 679,328 | New |
| Hormel FoodsHRL | 4.2% | $28m | 1,125,162 | +11% |
| MethanexMEOH | 4.2% | $27m | 595,817 | +84% |
| Vista Energy S.A.B. de C.V.VIST | 4.0% | $26m | 415,100 | +73% |
| Smithfield FoodsSFD | 3.9% | $26m | 1,067,579 | -4% |
| Central Puerto S ACEPU | 3.8% | $25m | 1,704,152 | +48% |
| Vizsla SilverVZLA | 3.8% | $25m | 7,579,112 | Held |
| XPXP | 3.7% | $24m | 1,500,660 | New |
| Loma Negra Compania Industrial Argentina Sociedad AnonimaLOMA | 3.3% | $22m | 1,923,486 | -22% |
| SylvamoSLVM | 2.7% | $18m | 466,904 | +9% |
| GeoParkGPRK | 2.7% | $18m | 1,926,723 | -13% |
| Crane NXTCXT | 2.7% | $18m | 342,600 | New |
| Western UnionWU | 2.5% | $16m | 2,120,585 | New |
| Vulcan MaterialsVMC | 2.4% | $16m | 54,300 | New |
| Grupo Financiero Galicia S.AGGAL | 2.4% | $16m | 319,247 | New |
| StoneCoSTNE | 2.4% | $16m | 1,465,500 | New |
| Martin Marietta MaterialsMLM | 2.4% | $16m | 27,000 | New |
| AccentureACN | 2.4% | $16m | 124,700 | New |
| Patria InvestmentsPAX | 2.3% | $15m | 1,373,995 | New |
| Teck ResourcesTECK | 2.0% | $13m | 224,599 | -55% |
| Eve HoldingEVEX | 1.2% | $8m | 3,276,673 | New |
| Copa HoldingsCPA | 0.6% | $4m | 24,481 | -82% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 36.6% since 30 June 2025.
Where the money is
Materials20.8%
Technology17.7%
Industrials15.9%
Everyday goods15.3%
Financial services13.0%
Energy2.7%
Other14.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.