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Sagil Capital LLP

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13F filer, CIK 1747744, LONDON, United Kingdom

Sagil Capital LLP reported $237,649,890 across 18 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-12. Its ten largest share positions make up 85.41% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001747744-25-000005

Period
2025-06-30
Reported value
$238M
Holdings
18
Top 10 weight
85.41%
New
10
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Bnew+1,700,000$35.4M
NUnew+1,029,146$14.1M
BMAnew+143,765$10.1M
GGALnew+195,000$9.83M
JBSnew+652,650$9.54M

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
GGBexited-3,900,000-$11.1M
IFSreduced-203,776-$7.77M
BARRICK GOLD CORPexited-320,000-$6.22M
EQXexited-1,010,600-$4.84M
BVNreduced-283,647-$4.66M

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, Q2 2025

Share positions as resolved from 13F-HR 0001747744-25-000005, largest first. % of portfolio is the value over $185,828,790, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,700,000 shares 1,700,000$35.4M19.05%newTimeline
BBDBANCO BRADESCO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,179,411 shares; 2024Q4: 8,623,265 shares; 2025Q1: 5,323,265 shares; 2025Q2: 7,673,265 shares 7,673,265$23.7M12.76%+2,350,000Timeline
BVNCOMPANIA DE MINAS BUENAVENTUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,227,558 shares; 2024Q4: 1,658,518 shares; 2025Q1: 1,368,854 shares; 2025Q2: 1,085,207 shares 1,085,207$17.8M9.59%-283,647Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 120,000 shares; 2025Q1: 152,000 shares; 2025Q2: 354,461 shares 354,461$16.4M8.8%+202,461Timeline
PBR-APETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 500,000 shares; 2025Q1: 1,127,133 shares; 2025Q2: 1,234,935 shares 1,234,935$14.3M7.67%+107,802Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,029,146 shares 1,029,146$14.1M7.6%newTimeline
BMABANCO MACRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 75,830 shares; 2025Q1: not reported; 2025Q2: 143,765 shares 143,765$10.1M5.43%newTimeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,777 shares; 2024Q4: 47,860 shares; 2025Q1: not reported; 2025Q2: 195,000 shares 195,000$9.83M5.29%newTimeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 652,650 shares 652,650$9.54M5.13%newTimeline
IFSINTERCORP FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 308,943 shares; 2025Q1: 403,327 shares; 2025Q2: 199,551 shares 199,551$7.61M4.09%-203,776Timeline
TNKTEEKAY TANKERS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 171,798 shares 171,798$7.17M3.86%newTimeline
SLVISHARES SILVER TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 200,000 shares 200,000$6.56M3.53%newTimeline
LQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,200 shares 36,200$3.97M2.14%newTimeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 130,000 shares; 2025Q2: 60,000 shares 60,000$3.5M1.88%-70,000Timeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 252,554 shares 252,554$2.77M1.49%newTimeline
EVEXEVE HLDG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 278,103 shares 278,103$1.91M1.03%newTimeline
CPACCEMENTOS PACASMAYO S A AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,734 shares; 2024Q4: 209,734 shares; 2025Q1: 209,734 shares; 2025Q2: 209,734 shares 209,734$1.25M0.67%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
GLDSPDR GOLD TR GOLD SHSput170,000$51.8M-155,000

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
EEMISHARES TR1,010,000$44.1Mput
GGBGERDAU SA3,900,000$11.1Mshares
BARRICK GOLD CORPBARRICK GOLD CORP320,000$6.22Mshares
EQXEQUINOX GOLD CORP1,010,600$4.84Mshares
VALEVALE S A420,000$4.19Mshares
BAPCREDICORP LTD21,256$3.96Mshares
HAFNHAFNIA LTD931,100$3.87Mshares
STNGSCORPIO TANKERS INC100,000$3.76Mshares
INTRINTER & CO INC350,000$1.92Mshares

How Q2 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 0001747744-25-000005 base2025-08-12acceptance time not in the bulk data set