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Sagil Capital LLP

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13F filer, CIK 1747744, LONDON, United Kingdom

Sagil Capital LLP reported $262,952,440 across 19 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-14. Its ten largest share positions make up 79.28% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001747744-26-000003

Period
2026-03-31
Reported value
$263M
Holdings
19
Top 10 weight
79.28%
New
10
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VISTnew+250,000$18.9M
PICSnew+1,300,000$13.6M
GGALnew+231,958$10.8M
BBARnew+600,000$9.64M
NUnew+600,000$8.62M

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
TENreduced-611,366-$24.1M
PBR-Aexited-1,800,000-$20.3M
TNKexited-373,640-$20M
CMBTexited-1,397,397-$13.5M
AUGOexited-155,992-$7.86M

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 0001747744-26-000003, largest first. % of portfolio is the value over $156,124,390, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
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: not reported; 2025Q4: not reported; 2026Q1: 250,000 shares 250,000$18.9M12.08%newTimeline
BBARRICK MNG 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: 1,700,000 shares; 2025Q3: 800,000 shares; 2025Q4: 480,000 shares; 2026Q1: 400,000 shares 400,000$16.3M10.45%-80,000Timeline
NEXANEXA RES 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: not reported; 2025Q3: not reported; 2025Q4: 1,316,533 shares; 2026Q1: 1,337,794 shares 1,337,794$14.2M9.07%+21,261Timeline
PICSPICS NVQuarterly 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: 1,300,000 shares 1,300,000$13.6M8.7%newTimeline
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: not reported; 2025Q4: 657,097 shares; 2026Q1: 1,156,409 shares 1,156,409$13.5M8.66%+499,312Timeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 13,777 shares; 2024Q4: 47,860 shares; 2025Q1: not reported; 2025Q2: 195,000 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 231,958 shares 231,958$10.8M6.94%newTimeline
TENTSAKOS ENERGY NAVIGATION 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: 757,565 shares; 2025Q4: 861,366 shares; 2026Q1: 250,000 shares 250,000$9.87M6.32%-611,366Timeline
BBARBANCO BBVA ARGENTINA S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 205,455 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 600,000 shares 600,000$9.64M6.17%newTimeline
NUNU HLDGS 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: 1,029,146 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 600,000 shares 600,000$8.62M5.52%newTimeline
ARISARIS MINING 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: 947,600 shares; 2025Q4: 450,000 shares; 2026Q1: 450,000 shares 450,000$8.37M5.36%0Timeline
AGROADECOAGRO 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: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 503,476 shares 503,476$7.56M4.84%newTimeline
NTRNUTRIEN 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: not reported; 2026Q1: 100,000 shares 100,000$7.55M4.83%newTimeline
ZIMZIM INTEGRATED SHIPPING SERVQuarterly 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: 70,000 shares; 2026Q1: 271,475 shares 271,475$7.15M4.58%+201,475Timeline
LQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,200 shares; 2025Q3: 36,200 shares; 2025Q4: 36,200 shares; 2026Q1: 36,200 shares 36,200$3.95M2.53%0Timeline
GLOBGLOBANT 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: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 75,000 shares 75,000$3.46M2.22%newTimeline
CPACCEMENTOS PACASMAYO S A AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 209,734 shares; 2024Q4: 209,734 shares; 2025Q1: 209,734 shares; 2025Q2: 209,734 shares; 2025Q3: 209,734 shares; 2025Q4: 209,734 shares; 2026Q1: 268,197 shares 268,197$2.68M1.72%+58,463Timeline

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
UNITED STS OIL FD LPUNITED STS OIL FD LP CALLput595,000$75.7Mnew
ISHARES TRISHARES TR PUTput420,000$23.9Mnew
PETROLEO BRASILEIRO S APETROLEO BRASILEIRO S A CALLcall350,000$7.26M0

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
GLDSPDR GOLD TR383,700$152Mput
EWZISHARES INC3,002,300$95.4Mput
USOUNITED STS OIL FD LP395,000$27.3Mput
PBR-APETROLEO BRASILEIRO S A1,800,000$20.3Mshares
TNKTEEKAY TANKERS LTD373,640$20Mshares
CMBTCMB.TECH NV1,397,397$13.5Mshares
AUGOAURA MINERALS INC155,992$7.86Mshares
PBRPETROLEO BRASILEIRO S A611,224$7.24Mshares
CPACOPA HOLDINGS SA53,854$6.5Mshares
GGBGERDAU SA1,567,825$5.79Mshares
EXKENDEAVOUR SILVER CORP390,000$3.67Mshares
AEROGRUPO AEROMEXICO SAB DE CV35,689$784Kshares

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 0001747744-26-000003 base2026-05-14acceptance time not in the bulk data set