Fourth Sail Capital LP

CIK

1803158

Location

GRAND CAYMAN, E9

Portfolio Value

Small $581,572,880

Diversification

Diversified

Filing Date

Global Rank

#2,414 / 8,605 ▲ 3 · as of Mar 2026

Top Industry

Software - Application 15.2%

3Y Alpha vs SPY

-0.8%

Period ended 3 months ago

Filed May 15, 2026 · 55d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+52.3%

SPY

+54.1%

Annualised alpha

-0.6%

Max drawdown

−27.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

24 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

15.2%

+6.6 pts

Top 5

42.8%

+10.6 pts

Top 10

65.3%

+8.1 pts

HHI

638

Diversified+176

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	20.9%	$121,287,353	3
Basic Materials	20.5%	$119,315,318	6
Consumer Defensive	14.8%	$85,810,745	4
Industrials	12.0%	$69,635,490	3
Consumer Cyclical	9.8%	$56,953,918	1
Energy	9.6%	$56,068,914	3
Communication Services	5.9%	$34,564,821	2
Utilities	3.3%	$19,367,341	1
Financial Services	3.2%	$18,568,980	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
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
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
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
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 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.

Portfolio Positions

Compact Export CSV View 13F filing

24 positions · $581,572,880 total · 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	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NATL	NCR Atleos Corp Technology	Added	2,028,605	+1,147,037	$88,406,605	+163.1%	15.20%
MELI	Mercadolibre Inc Consumer Cyclical	NEW	32,940	NEW	$56,953,918	NEW	9.79%
BCO	Brinks Co Industrials	NEW	415,428	NEW	$43,050,803	NEW	7.40%
SFD	Smithfield Foods Inc Consumer Defensive	Reduced	1,116,165	-24,454	$31,219,135	+22.6%	5.37%
DLO	dLocal Ltd Technology	Added	2,266,917	+443,044	$29,401,913	+14.0%	5.06%
TEO	Telecom Argentina SA Communication Services	Added	2,500,000	+2,046,598	$29,225,000	+455.2%	5.03%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Added	2,469,972	+65,900	$27,391,989	−12.0%	4.71%
TECK	Teck Resources Ltd Basic Materials	Added	499,272	+350,772	$25,837,326	+263.3%	4.44%
VZLA	Vizsla Silver Corp. Basic Materials	Added	7,579,112	+1,412,500	$25,011,069	−25.9%	4.30%
HRL	Hormel Foods Corp /De/ Consumer Defensive	Reduced	1,017,862	-423,800	$23,054,574	−32.5%	3.96%
GPRK	GeoPark Ltd Energy	Reduced	2,225,933	-170,475	$21,146,363	+19.1%	3.64%
CEPU	Central Puerto S.A. Utilities	Reduced	1,150,763	-40,726	$19,367,341	−7.1%	3.33%
MEOH	Methanex Corp Basic Materials	NEW	323,902	NEW	$19,285,125	NEW	3.32%
IFS	Intercorp Financial Services Inc. Financial Services	NEW	369,900	NEW	$18,568,980	NEW	3.19%
VIST	Vista Energy, S.A.B. de C.V. Energy	NEW	240,000	NEW	$18,112,800	NEW	3.11%
SLVM	Sylvamo Corp Basic Materials	Added	427,510	+76,878	$18,058,022	+7.0%	3.11%
YPF	Ypf Sociedad Anonima Energy	NEW	363,690	NEW	$16,809,751	NEW	2.89%
CVGW	Calavo Growers Inc Consumer Defensive	Reduced	631,037	-68,080	$16,274,444	+7.0%	2.80%
CPA	Copa Holdings, S.A. Industrials	Added	136,784	+6,584	$15,540,030	−1.0%	2.67%
AVO	Mission Produce, Inc. Consumer Defensive	Added	1,109,200	+1,046,675	$15,262,592	+2004.3%	2.62%
EMBJ	Embraer S.A. Industrials	NEW	186,125	NEW	$11,044,657	NEW	1.90%
LILA	Liberty Latin America Ltd. Communication Services	Held	909,742	0	$5,339,821	+16.9%	0.92%
SXT	Sensient Technologies Corp Basic Materials	NEW	43,172	NEW	$3,731,787	NEW	0.64%
GDYN	Grid Dynamics Holdings, Inc. Technology	Reduced	610,322	-3,217,646	$3,478,835	−89.9%	0.60%