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Fourth Sail Capital LP

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13F filer, CIK 1803158, GRAND CAYMAN, Cayman Islands

Fourth Sail Capital LP reported $413,839,009 across 28 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 49.57% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001803158-25-000012

Period
2025-09-30
Reported value
$414M
Holdings
28
Top 10 weight
49.57%
New
10
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
HRLnew+705,000$17.4M
GPRKnew+2,708,539$17.3M
SLVMadded+388,332$17.2M
TBBBnew+625,532$16.9M
WUnew+1,948,600$15.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
MAC Copper Ltdreduced-4,809,896-$58.7M
NUexited-2,275,411-$31.2M
CAAPexited-1,521,602-$30.8M
BCOexited-281,500-$25.1M
CPAexited-184,966-$20.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001803158-25-000012, largest first. % of portfolio is the value over $413,839,009, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SLVMSYLVAMO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 162,600 shares; 2025Q3: 550,932 shares 550,932$24.4M5.89%+388,332Timeline
SFDSMITHFIELD FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 782,981 shares; 2025Q3: 981,581 shares 981,581$23M5.57%+198,600Timeline
EZPWEZCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 221,724 shares; 2024Q4: 158,583 shares; 2025Q1: 957,262 shares; 2025Q2: 1,251,362 shares; 2025Q3: 1,177,997 shares 1,177,997$22.4M5.42%-73,365Timeline
BBARBANCO BBVA ARGENTINA S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,361,386 shares; 2024Q4: 849,804 shares; 2025Q1: not reported; 2025Q2: 1,786,085 shares; 2025Q3: 2,669,262 shares 2,669,262$22.2M5.37%+883,177Timeline
GDYNGRID DYNAMICS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 753,813 shares; 2024Q4: 672,661 shares; 2025Q1: 1,024,269 shares; 2025Q2: 1,623,562 shares; 2025Q3: 2,811,405 shares 2,811,405$21.7M5.24%+1,187,843Timeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,533,603 shares; 2025Q2: 3,835,640 shares; 2025Q3: 2,362,507 shares 2,362,507$19.9M4.82%-1,473,133Timeline
VZLAVIZSLA SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,331,900 shares; 2025Q3: 4,331,900 shares 4,331,900$18.7M4.52%0Timeline
URGUR-ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,512,564 shares; 2024Q4: 11,856,794 shares; 2025Q1: 12,295,868 shares; 2025Q2: 19,644,632 shares; 2025Q3: 9,965,357 shares 9,965,357$17.8M4.31%-9,679,275Timeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,340,806 shares; 2025Q2: 1,456,770 shares; 2025Q3: 2,371,924 shares 2,371,924$17.5M4.22%+915,154Timeline
HRLHORMEL FOODS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 705,000 shares 705,000$17.4M4.21%newTimeline
GPRKGEOPARK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,708,539 shares 2,708,539$17.3M4.17%newTimeline
TBBBBBB FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 625,532 shares 625,532$16.9M4.08%newTimeline
DLODLOCAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,771,932 shares; 2024Q4: 1,187,598 shares; 2025Q1: 1,156,369 shares; 2025Q2: 1,546,639 shares; 2025Q3: 1,178,000 shares 1,178,000$16.8M4.06%-368,639Timeline
CEPUCENTRAL PUERTO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 148,601 shares; 2025Q3: 2,069,477 shares 2,069,477$16.6M4.01%+1,920,876Timeline
WUWESTERN UN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,948,600 shares 1,948,600$15.6M3.76%newTimeline
VISTVISTA ENERGY S.A.B. DE C.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 396,200 shares 396,200$13.6M3.29%newTimeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 55,200 shares 55,200$13.6M3.29%newTimeline
STNESTONECO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 816,333 shares; 2024Q4: not reported; 2025Q1: 1,301,556 shares; 2025Q2: not reported; 2025Q3: 686,400 shares 686,400$13M3.14%newTimeline
TGSTRANSPORTADORA DE GAS DEL SUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 184,703 shares; 2025Q2: 253,168 shares; 2025Q3: 614,891 shares 614,891$12.9M3.12%+361,723Timeline
PPTAPERPETUA RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,112,783 shares; 2024Q4: 822,295 shares; 2025Q1: not reported; 2025Q2: 1,003,700 shares; 2025Q3: 630,608 shares 630,608$12.8M3.08%-373,092Timeline
TEOTELECOM ARGENTINA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,632,222 shares 1,632,222$11.9M2.87%newTimeline
IFSINTERCORP FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 257,874 shares; 2025Q2: 458,974 shares; 2025Q3: 230,003 shares 230,003$9.28M2.24%-228,971Timeline
MAC Copper LtdMAC Copper LtdQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,397,610 shares; 2024Q4: 5,135,143 shares; 2025Q1: 5,185,005 shares; 2025Q2: 5,456,461 shares; 2025Q3: 646,565 shares 646,565$7.89M1.91%-4,809,896
BIOXBIOCERES CROP SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,171,102 shares; 2024Q4: 3,698,961 shares; 2025Q1: 4,627,669 shares; 2025Q2: 4,627,669 shares; 2025Q3: 4,627,669 shares 4,627,669$6.53M1.58%0Timeline
PAASPAN AMERN SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 17,901,528 shares 17,901,528$6.26M1.51%newTimeline
BAPCREDICORP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,356 shares; 2024Q4: 75,548 shares; 2025Q1: 153,365 shares; 2025Q2: 75,065 shares; 2025Q3: 23,488 shares 23,488$6.25M1.51%-51,577Timeline
LILALIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,418,237 shares; 2025Q2: 1,418,237 shares; 2025Q3: 748,761 shares 748,761$6.21M1.5%-669,476Timeline
VLRSCONTROLADORA VUELA COMP DE AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 754,484 shares 754,484$5.42M1.31%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NUNU HLDGS LTD2,275,411$31.2Mshares
CAAPCORPORACION AMER ARPTS S A1,521,602$30.8Mshares
BCOBRINKS CO281,500$25.1Mshares
CPACOPA HOLDINGS SA184,966$20.3Mshares
EPAMEPAM SYS INC71,700$12.7Mshares
BPOPPOPULAR INC112,799$12.4Mshares
DAVAENDAVA PLC731,423$11.2Mshares
IRSIRSA INVERSIONES Y REP S A454,301$6.33Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001803158-25-000012 base2025-11-14acceptance time not in the bulk data set