Sagil Capital LLP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Sagil Capital LLP maintained a portfolio of 28 distinct positions. The most significant new addition to the portfolio was UNITED STS OIL FD LP, which now represents 6.22% of the total fund value. They heavily accumulated shares in SPDR GOLD TR, increasing their position by 22.3%. Conversely, Sagil Capital LLP completely exited their position in SELECT SECTOR SPDR T.
PCA Score Concentration Risk
Risk ENB
Total Positions
28
Quarter
2025 Q4
Top Holding
GLD (34.6%)
Top 10 Concentration
88.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 28
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
GLD
SPDR GOLD TR
PUT
PUT Option 34.64% 30.82% #1
Prev: #1
10.0 70,000 22.3%
P
S
383,700 $152,064,147 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES INC
PUT
PUT Option 21.73% 18.44% #2
Prev: #2
10.0 850,000 39.5%
P
S
3,002,300 $95,383,071 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
USO
UNITED STS OIL ...
PUT
PUT Option 6.22% #3
Prev: #—
4.5 395,000 no change
NEW
395,000 $27,318,200 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MNG COR...
Basic Materials 4.76% 7.25% #4 1
Prev: #3
2.0 -320,000 -40.0%
P
S
480,000 $20,904,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PBR/A
PETROLEO BRASIL...
Energy 4.62% 5.88% #5 1
Prev: #4
1.8 no change no change
P
S
1,800,000 $20,286,000 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TNK
TEEKAY TANKERS ...
Energy 4.55% 5.39% #6 1
Prev: #5
1.8 -12,459 -3.2%
P
S
373,640 $19,959,849 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TEN
TSAKOS ENERGY N...
Energy 4.40% 4.65% #7 1
Prev: #8
3.8 103,801 13.7%
P
S
861,366 $19,311,826 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CMBT
CMB.TECH NV
Energy 3.07% 1.55% #8 5
Prev: #13
3.5 798,827 133.5%
P
S
1,397,397 $13,484,881 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NEXA
NEXA RES S A
Basic Materials 2.65% #9
Prev: #—
3.1 1,316,533 no change
NEW
1,316,533 $11,651,317 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORAAF
AURA MINERALS I...
Unknown 1.79% #10
Prev: #—
2.7 155,992 no change
NEW
155,992 $7,864,337 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TEO
TELECOM ARGENTI...
Communication Services 1.74% #11
Prev: #—
2.7 657,097 no change
NEW
657,097 $7,628,896 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARMN
ARIS MNG CORP
Basic Materials 1.66% 2.56% #12
Prev: #12
0.8 -497,600 -52.5%
P
S
450,000 $7,299,424 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PBR
PETROLEO BRASIL...
Energy 1.65% #13
Prev: #—
2.7 611,224 no change
NEW
611,224 $7,243,004 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CPA
COPA HOLDINGS S...
Industrials 1.48% #14
Prev: #—
2.6 53,854 no change
NEW
53,854 $6,495,331 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GGB
GERDAU SA
Preferred 1.32% 1.34% #15 1
Prev: #14
0.5 no change no change
P
S
1,567,825 $5,785,274 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PETROLEO BRASIL...
CALL
CALL Option 0.94% #16
Prev: #—
2.4 350,000 no change
NEW
350,000 $4,147,500 13F Filing 2025-12-31 2026-02-14 (Est.)
LQD
ISHARES TR
ETF 0.91% 1.12% #17 2
Prev: #15
0.4 no change no change
P
S
36,200 $3,988,878 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EXK
ENDEAVOUR SILVE...
Basic Materials 0.84% #18
Prev: #—
2.3 390,000 no change
NEW
390,000 $3,666,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CPAC
CEMENTOS PACASM...
Basic Materials 0.50% 0.40% #19 2
Prev: #17
0.2 no change no change
P
S
209,734 $2,185,428 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ZIM
ZIM INTEGRATED ...
Industrials 0.34% #20
Prev: #—
2.1 70,000 no change
NEW
70,000 $1,486,100 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AERO
GRUPO AEROMEXIC...
Industrials 0.18% #21
Prev: #—
2.1 35,689 no change
NEW
35,689 $783,730 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLE
SELECT SECTOR S...
PUT
PUT Option 0.00% 4.94%
Sold All 😨
(Was: #6)
0.3 -200,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SLV
ISHARES SILVER ...
ETF 0.00% 4.68%
Sold All 😨
(Was: #7)
0.3 -400,000 -100.0%
CLOSED
$— 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MOS
MOSAIC CO NEW
Basic Materials 0.00% 3.61%
Sold All 😨
(Was: #9)
0.3 -377,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BVN
COMPANIA DE MIN...
Basic Materials 0.00% 3.01%
Sold All 😨
(Was: #10)
0.3 -447,516 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TDW
TIDEWATER INC N...
Energy 0.00% 2.97%
Sold All 😨
(Was: #11)
0.3 -201,763 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SLSR
SOLARIS RES INC
Basic Materials 0.00% 1.10%
Sold All 😨
(Was: #16)
0.3 -623,100 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GRO
BRAZIL POTASH C...
Basic Materials 0.00% 0.27%
Sold All 😨
(Was: #18)
0.3 -359,995 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 28 holdings

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