Fourth Sail Capital LP
CIK
1803158
Location
GRAND CAYMAN, E9
Portfolio Value
Small
$584,093,276
Diversification
Diversified
Filing Date
Global Rank
#2,417
/ 8,622
▼ 4
· as of Mar 2026
Top Industry
Software - Application
15.1%
3Y Alpha vs SPY
+1.8%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
10 quarters · since Dec 2023
Clone Performance
Feb 2024–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+58.5%
SPY
+52.7%
Annualised alpha
+1.8%
Max drawdown
−27.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 10 quarters. Past performance does not predict future results.
Portfolio Concentration
24 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
15.1%
+6.6 pts
Top 5
42.6%
+10.5 pts
Top 10
65.0%
+8.0 pts
HHI
633
Diversified+174
Portfolio Trend
10 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 20.8% | $121,287,353 |
| Basic Materials | 20.4% | $119,315,318 |
| Consumer Defensive | 14.7% | $85,810,745 |
| Industrials | 11.9% | $69,635,490 |
| Consumer Cyclical | 9.8% | $56,953,918 |
| Energy | 9.6% | $56,068,914 |
| Communication Services | 6.3% | $37,085,217 |
| Utilities | 3.3% | $19,367,341 |
| Financial Services | 3.2% | $18,568,980 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
9 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TEO | Telecom Argentina SA | +2,046,598 | 2,500,000 | $29,225,000 | |
| VZLA | Vizsla Silver Corp. | +1,412,500 | 7,579,112 | $25,011,069 | |
| NATL | NCR Atleos Corp | +1,147,037 | 2,028,605 | $88,406,605 | |
| AVO | Mission Produce, Inc. | +1,046,675 | 1,109,200 | $15,262,592 | |
| DLO | dLocal Ltd | +443,044 | 2,266,917 | $29,401,913 | |
| TECK | Teck Resources Ltd | +350,772 | 499,272 | $25,837,326 | |
| SLVM | Sylvamo Corp | +76,878 | 427,510 | $18,058,022 | |
| LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | +65,900 | 2,469,972 | $27,391,989 | |
| CPA | Copa Holdings, S.A. | +6,584 | 136,784 | $15,540,030 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GDYN | Grid Dynamics Holdings, Inc. | −3,217,646 | 610,322 | $3,478,835 | |
| HRL | Hormel Foods Corp /De/ | −423,800 | 1,017,862 | $23,054,574 | |
| GPRK | GeoPark Ltd | −170,475 | 2,225,933 | $21,146,363 | |
| CVGW | Calavo Growers Inc | −68,080 | 631,037 | $16,274,444 | |
| CEPU | Central Puerto S.A. | −40,726 | 1,150,763 | $19,367,341 | |
| SFD | Smithfield Foods Inc | −24,454 | 1,116,165 | $31,219,135 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MELI | Mercadolibre Inc | 32,940 | $56,953,918 | |
| BCO | Brinks Co | 415,428 | $43,050,803 | |
| MEOH | Methanex Corp | 323,902 | $19,285,125 | |
| IFS | Intercorp Financial Services Inc. | 369,900 | $18,568,980 | |
| VIST | Vista Energy, S.A.B. de C.V. | 240,000 | $18,112,800 | |
| YPF | Ypf Sociedad Anonima | 363,690 | $16,809,751 | |
| EMBJ | Embraer S.A. | 186,125 | $11,044,657 | |
| SXT | Sensient Technologies Corp | 43,172 | $3,731,787 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
13 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BBAR | Banco BBVA Argentina S.A. | 2,847,061 | $51,446,392 | |
| ACN | Accenture plc | 142,600 | $38,259,580 | |
| BAP | Credicorp Ltd | 120,988 | $34,723,556 | |
| AERO | Grupo Aeromexico, S.A.B. de C.V. | 1,100,000 | $24,156,000 | |
| WU | Western Union CO | 2,589,752 | $24,110,591 | |
| STNE | StoneCo Ltd. | 1,190,557 | $17,608,338 | |
| TGLS | Tecnoglass Holdings Inc. | 346,991 | $17,460,587 | |
| FCFS | FirstCash Holdings, Inc. | 109,416 | $17,438,722 | |
| EZPW | Ezcorp Inc | 868,717 | $16,870,484 | |
| GGAL | Grupo Financiero Galicia SA | 308,728 | $16,652,788 | |
| VLRS | Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | 757,761 | $6,728,917 | |
| TGS | Gas Transporter Of The South Inc | 191,630 | $5,957,776 | |
| BIOX | Bioceres Crop Solutions Corp. | 4,331,096 | $5,673,735 | |
| No positions match the current search. | ||||
24 tracked positions ·
$584,093,276 total
· filing declares
25 positions · $608,399,173
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NATL |
NCR Atleos Corp
Technology
|
Added | 2,028,605 | $88,406,605 | 15.14% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
NEW | 32,940 | $56,953,918 | 9.75% | |
| BCO |
Brinks Co
Industrials
|
NEW | 415,428 | $43,050,803 | 7.37% | |
| SFD |
Smithfield Foods Inc
Consumer Defensive
|
Reduced | 1,116,165 | $31,219,135 | 5.34% | |
| DLO |
dLocal Ltd
Technology
|
Added | 2,266,917 | $29,401,913 | 5.03% | |
| TEO |
Telecom Argentina SA
Communication Services
|
Added | 2,500,000 | $29,225,000 | 5.00% | |
| LOMA |
Loma Negra Compania Industrial Argentina Sociedad Anonima
Basic Materials
|
Added | 2,469,972 | $27,391,989 | 4.69% | |
| TECK |
Teck Resources Ltd
Basic Materials
|
Added | 499,272 | $25,837,326 | 4.42% | |
| VZLA |
Vizsla Silver Corp.
Basic Materials
|
Added | 7,579,112 | $25,011,069 | 4.28% | |
| HRL |
Hormel Foods Corp /De/
Consumer Defensive
|
Reduced | 1,017,862 | $23,054,574 | 3.95% | |
| GPRK |
GeoPark Ltd
Energy
|
Reduced | 2,225,933 | $21,146,363 | 3.62% | |
| CEPU |
Central Puerto S.A.
Utilities
|
Reduced | 1,150,763 | $19,367,341 | 3.32% | |
| MEOH |
Methanex Corp
Basic Materials
|
NEW | 323,902 | $19,285,125 | 3.30% | |
| IFS |
Intercorp Financial Services Inc.
Financial Services
|
NEW | 369,900 | $18,568,980 | 3.18% | |
| VIST |
Vista Energy, S.A.B. de C.V.
Energy
|
NEW | 240,000 | $18,112,800 | 3.10% | |
| SLVM |
Sylvamo Corp
Basic Materials
|
Added | 427,510 | $18,058,022 | 3.09% | |
| YPF |
Ypf Sociedad Anonima
Energy
|
NEW | 363,690 | $16,809,751 | 2.88% | |
| CVGW |
Calavo Growers Inc
Consumer Defensive
|
Reduced | 631,037 | $16,274,444 | 2.79% | |
| CPA |
Copa Holdings, S.A.
Industrials
|
Added | 136,784 | $15,540,030 | 2.66% | |
| AVO |
Mission Produce, Inc.
Consumer Defensive
|
Added | 1,109,200 | $15,262,592 | 2.61% | |
| EMBJ |
Embraer S.A.
Industrials
|
NEW | 186,125 | $11,044,657 | 1.89% | |
| LILA |
Liberty Latin America Ltd.
Communication Services
|
Held | 909,742 | $7,860,217 | 1.35% | |
| SXT |
Sensient Technologies Corp
Basic Materials
|
NEW | 43,172 | $3,731,787 | 0.64% | |
| GDYN |
Grid Dynamics Holdings, Inc.
Technology
|
Reduced | 610,322 | $3,478,835 | 0.60% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.