Fourth Sail Capital LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Fourth Sail Capital LP maintained a portfolio of 37 distinct positions. The most significant new addition to the portfolio was NCR ATLEOS CORPORATI, which now represents 5.39% of the total fund value. They heavily accumulated shares in BANCO BBVA ARGENTINA, increasing their position by 6.7%. Conversely, Fourth Sail Capital LP completely exited their position in UR-ENERGY INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
37
Quarter
2025 Q4
Top Holding
BBAR (8.3%)
Top 10 Concentration
55.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 37
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BBAR
BANCO BBVA ARGE...
Financial Services 8.25% 5.37% #1 3
Prev: #4
5.3 177,799 6.7%
P
S
2,847,061 $51,446,392 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ACN
ACCENTURE PLC I...
Technology 6.14% 3.29% #2 15
Prev: #17
4.8 87,400 158.3%
P
S
142,600 $38,259,580 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BAP
CREDICORP LTD
Financial Services 5.57% 1.51% #3 23
Prev: #26
4.5 97,500 415.1%
P
S
120,988 $34,723,556 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GDYN
GRID DYNAMICS H...
Technology 5.55% 5.24% #4 1
Prev: #5
4.3 1,016,563 36.2%
P
S
3,827,968 $34,566,551 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HRL
HORMEL FOODS CO...
Consumer Defensive 5.48% 4.21% #5 5
Prev: #10
4.5 736,662 104.5%
P
S
1,441,662 $34,167,389 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VZLA
VIZSLA SILVER C...
Basic Materials 5.41% 4.52% #6 1
Prev: #7
4.3 1,834,712 42.4%
P
S
6,166,612 $33,731,368 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NATL
NCR ATLEOS CORP...
Technology 5.39% #7
Prev: #—
4.2 881,568 no change
NEW
881,568 $33,596,557 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LOMA
LOMA NEGRA C I ...
Basic Materials 4.99% 4.22% #8 1
Prev: #9
4.0 32,148 1.4%
P
S
2,404,072 $31,132,732 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DLO
DLOCAL LTD
Technology 4.14% 4.06% #9 4
Prev: #13
3.8 645,873 54.8%
P
S
1,823,873 $25,789,565 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SFD
SMITHFIELD FOOD...
Consumer Defensive 4.09% 5.57% #10 8
Prev: #2
3.7 159,038 16.2%
P
S
1,140,619 $25,470,022 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AERO
GRUPO AEROMEXIC...
Industrials 3.88% #11
Prev: #—
3.6 1,100,000 no change
NEW
1,100,000 $24,156,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WU
WESTERN UN CO
Financial Services 3.87% 3.76% #12 3
Prev: #15
3.6 641,152 32.9%
P
S
2,589,752 $24,110,591 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LILAK
LIBERTY LATIN A...
Communication Services 3.47% 4.82% #13 7
Prev: #6
3.5 533,221 22.6%
P
S
2,895,728 $21,602,131 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CEPU
CENTRAL PUERTO ...
Utilities 3.34% 4.01% #14
Prev: #14
1.5 -877,988 -42.4%
P
S
1,191,489 $20,851,058 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GPRK
GEOPARK LTD
Energy 2.85% 4.17% #15 4
Prev: #11
1.2 -312,131 -11.5%
P
S
2,396,408 $17,757,384 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
STNE
STONECO LTD
Technology 2.82% 3.14% #16 2
Prev: #18
3.4 504,157 73.4%
P
S
1,190,557 $17,608,338 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TGLS
TECNOGLASS INC
Basic Materials 2.80% #17
Prev: #—
3.1 346,991 no change
NEW
346,991 $17,460,587 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FCFS
FIRSTCASH HOLDI...
Financial Services 2.80% #18
Prev: #—
3.1 109,416 no change
NEW
109,416 $17,438,722 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SLVM
SYLVAMO CORP
Basic Materials 2.71% 5.89% #19 18
Prev: #1
1.2 -200,300 -36.4%
P
S
350,632 $16,882,931 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EZPW
EZCORP INC
Financial Services 2.71% 5.42% #20 17
Prev: #3
1.2 -309,280 -26.3%
P
S
868,717 $16,870,484 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GGAL
GRUPO FINANCIER...
Financial Services 2.67% #21
Prev: #—
3.1 308,728 no change
NEW
308,728 $16,652,788 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CPA
COPA HOLDINGS S...
Industrials 2.52% #22
Prev: #—
3.0 130,200 no change
NEW
130,200 $15,703,422 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CVGW
CALAVO GROWERS ...
Consumer Defensive 2.44% #23
Prev: #—
3.0 699,117 no change
NEW
699,117 $15,205,795 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TECK
TECK RESOURCES ...
Basic Materials 1.14% #24
Prev: #—
2.5 148,500 no change
NEW
148,500 $7,111,665 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VLRS
CONTROLADORA VU...
Industrials 1.08% 1.31% #25 3
Prev: #28
2.4 3,277 0.4%
P
S
757,761 $6,728,917 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
URG
UR-ENERGY INC
Energy 0.00% 4.31%
Sold All 😨
(Was: #8)
0.3 -9,965,357 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TBBB
BBB FOODS INC
Consumer Defensive 0.00% 4.08%
Sold All 😨
(Was: #12)
0.3 -625,532 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VIST
VISTA ENERGY S....
Energy 0.00% 3.29%
Sold All 😨
(Was: #16)
0.3 -396,200 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PPTA
PERPETUA RESOUR...
Basic Materials 0.00% 3.08%
Sold All 😨
(Was: #20)
0.3 -630,608 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IFS
INTERCORP FINL ...
Financial Services 0.00% 2.24%
Sold All 😨
(Was: #22)
0.3 -230,003 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MTAL
MAC COPPER LIMI...
Unknown 0.00% 1.91%
Sold All 😨
(Was: #23)
0.3 -646,565 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PAAS
PAN AMERN SILVE...
Basic Materials 0.00% 1.51%
Sold All 😨
(Was: #25)
0.3 -17,901,528 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 37 holdings

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