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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 $608,399,173 across 25 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 62.59% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001803158-26-000013

Period
2026-03-31
Reported value
$608M
Holdings
25
Top 10 weight
62.59%
New
8
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MELInew+32,940$57M
NATLadded+1,147,037$50M
BCOnew+415,428$43.1M
TEOadded+2,046,598$23.9M
MEOHnew+323,902$19.3M

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.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BBARexited-2,847,061-$51.4M
ACNexited-142,600-$38.3M
BAPexited-120,988-$34.7M
AEROexited-1,100,000-$24.2M
WUexited-2,589,752-$24.1M

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, Q1 2026

Share positions as resolved from 13F-HR 0001803158-26-000013, largest first. % of portfolio is the value over $608,399,173, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NATLNCR ATLEOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 881,568 shares; 2026Q1: 2,028,605 shares 2,028,605$88.4M14.53%+1,147,037Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 32,940 shares 32,940$57M9.36%newTimeline
BCOBRINKS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 281,500 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 415,428 shares 415,428$43.1M7.08%newTimeline
SFDSMITHFIELD FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 782,981 shares; 2025Q3: 981,581 shares; 2025Q4: 1,140,619 shares; 2026Q1: 1,116,165 shares 1,116,165$31.2M5.13%-24,454Timeline
DLODLOCAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,823,873 shares; 2026Q1: 2,266,917 shares 2,266,917$29.4M4.83%+443,044Timeline
TEOTELECOM ARGENTINA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,632,222 shares; 2025Q4: 453,402 shares; 2026Q1: 2,500,000 shares 2,500,000$29.2M4.8%+2,046,598Timeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,340,806 shares; 2025Q2: 1,456,770 shares; 2025Q3: 2,371,924 shares; 2025Q4: 2,404,072 shares; 2026Q1: 2,469,972 shares 2,469,972$27.4M4.5%+65,900Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 148,500 shares; 2026Q1: 499,272 shares 499,272$25.8M4.25%+350,772Timeline
VZLAVIZSLA SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,331,900 shares; 2025Q3: 4,331,900 shares; 2025Q4: 6,166,612 shares; 2026Q1: 7,579,112 shares 7,579,112$25M4.11%+1,412,500Timeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,533,603 shares; 2025Q2: 3,835,640 shares; 2025Q3: 2,362,507 shares; 2025Q4: 2,895,728 shares; 2026Q1: 2,755,775 shares 2,755,775$24.3M4%-139,953Timeline
HRLHORMEL FOODS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 705,000 shares; 2025Q4: 1,441,662 shares; 2026Q1: 1,017,862 shares 1,017,862$23.1M3.79%-423,800Timeline
GPRKGEOPARK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,708,539 shares; 2025Q4: 2,396,408 shares; 2026Q1: 2,225,933 shares 2,225,933$21.1M3.48%-170,475Timeline
CEPUCENTRAL PUERTO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 148,601 shares; 2025Q3: 2,069,477 shares; 2025Q4: 1,191,489 shares; 2026Q1: 1,150,763 shares 1,150,763$19.4M3.18%-40,726Timeline
MEOHMETHANEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 323,902 shares 323,902$19.3M3.17%newTimeline
IFSINTERCORP FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 257,874 shares; 2025Q2: 458,974 shares; 2025Q3: 230,003 shares; 2025Q4: not reported; 2026Q1: 369,900 shares 369,900$18.6M3.05%newTimeline
VISTVISTA ENERGY S.A.B. DE C.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 396,200 shares; 2025Q4: not reported; 2026Q1: 240,000 shares 240,000$18.1M2.98%newTimeline
SLVMSYLVAMO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 162,600 shares; 2025Q3: 550,932 shares; 2025Q4: 350,632 shares; 2026Q1: 427,510 shares 427,510$18.1M2.97%+76,878Timeline
YPFYPF SOCIEDAD ANONIMAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 133,312 shares; 2025Q1: 133,312 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 363,690 shares 363,690$16.8M2.76%newTimeline
CVGWCALAVO GROWERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 699,117 shares; 2026Q1: 631,037 shares 631,037$16.3M2.67%-68,080Timeline
CPACOPA HOLDINGS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 156,985 shares; 2024Q4: 207,790 shares; 2025Q1: 204,901 shares; 2025Q2: 184,966 shares; 2025Q3: not reported; 2025Q4: 130,200 shares; 2026Q1: 136,784 shares 136,784$15.5M2.55%+6,584Timeline
AVOMISSION PRODUCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 62,525 shares; 2026Q1: 1,109,200 shares 1,109,200$15.3M2.51%+1,046,675Timeline
EMBJEMBRAER S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 186,125 shares 186,125$11M1.82%newTimeline
LILALIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,418,237 shares; 2025Q2: 1,418,237 shares; 2025Q3: 748,761 shares; 2025Q4: 909,742 shares; 2026Q1: 909,742 shares 909,742$7.86M1.29%0Timeline
SXTSENSIENT TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 43,172 shares 43,172$3.73M0.61%newTimeline
GDYNGRID DYNAMICS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,827,968 shares; 2026Q1: 610,322 shares 610,322$3.48M0.57%-3,217,646Timeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
BBARBANCO BBVA ARGENTINA S A2,847,061$51.4Mshares
ACNACCENTURE PLC IRELAND142,600$38.3Mshares
BAPCREDICORP LTD120,988$34.7Mshares
AEROGRUPO AEROMEXICO SAB DE CV1,100,000$24.2Mshares
WUWESTERN UN CO2,589,752$24.1Mshares
STNESTONECO LTD1,190,557$17.6Mshares
TGLSTECNOGLASS INC346,991$17.5Mshares
FCFSFIRSTCASH HOLDINGS INC109,416$17.4Mshares
EZPWEZCORP INC868,717$16.9Mshares
GGALGRUPO FINANCIERO GALICIA S.A308,728$16.7Mshares
VLRSCONTROLADORA VUELA COMP DE A757,761$6.73Mshares
TGSTRANSPORTADORA DE GAS DEL SU191,630$5.96Mshares
BIOXBIOCERES CROP SOLUTIONS CORP4,331,096$5.67Mshares

How Q1 2026 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 0001803158-26-000013 base2026-05-15acceptance time not in the bulk data set