Skip to main content
Livermore
Livermore
ZHEN

Fourth Sail Capital LP

SEC CIK
0001803158
Latest filing
Aug 5, 2026

The latest 13F from Fourth Sail Capital LP covers Q2 2026 (filed Aug 5, 2026): 26 long positions worth $659.9M. The top 10 holdings make up 60.6% of the portfolio, and the largest is Brinks Co (BCO) at 14.1%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2023.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$236.1M
Added
8
Est. +$145.6M
Reduced
5
Est. −$44.0M
Sold out
11
Est. −$276.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. BCOBrinks Co
    14.1%$93.2MHistory
  2. DLOdLocal Ltd
    7.8%$51.2MHistory
  3. AVOMission Produce, Inc.
    7.1%$46.9MHistory
  4. BAPCredicorp Ltd
    7.1%$46.5MHistory
  5. TXTernium S.A.
    4.4%$29.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. BCOBrinks Co
    +$53.9MAddedHistory
  2. BAPCredicorp Ltd
    +$46.5MNewHistory
  3. AVOMission Produce, Inc.
    +$33.8MAddedHistory
  4. TXTernium S.A.
    +$29.0MNewHistory
  5. XPXP Inc.
    +$24.4MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BAPCredicorp Ltd
    +7.05 pp0.0% → 7.1%History
  2. BCOBrinks Co
    +7.04 pp7.1% → 14.1%History
  3. AVOMission Produce, Inc.
    +4.60 pp2.5% → 7.1%History
  4. TXTernium S.A.
    +4.40 pp0.0% → 4.4%History
  5. XPXP Inc.
    +3.70 pp0.0% → 3.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NATLNCR Atleos Corp
    −$88.4MSold outHistory
  2. MELIMercadolibre Inc
    −$57.0MSold outHistory
  3. TEOTelecom Argentina SA
    −$29.2MSold outHistory
  4. LILAKLiberty Latin America Ltd.
    −$24.3MSold outHistory
  5. IFSIntercorp Financial Services Inc.
    −$18.6MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NATLNCR Atleos Corp
    −14.53 pp14.5% → 0.0%History
  2. MELIMercadolibre Inc
    −9.36 pp9.4% → 0.0%History
  3. TEOTelecom Argentina SA
    −4.80 pp4.8% → 0.0%History
  4. LILAKLiberty Latin America Ltd.
    −4.00 pp4.0% → 0.0%History
  5. IFSIntercorp Financial Services Inc.
    −3.05 pp3.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$659.9M
+$51.5M (+8.5%) vs. prior quarter
Positions
26
+1 vs. prior quarter
Top 10 concentration
60.6%
Top 10 as share of value
Turnover
50.6%
Q2 2026, one quarter
Average holding period
3.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $659.9M (Q2 2026)

Q4 2023: $315.7MQ1 2024: $335.3MQ2 2024: $436.3MQ3 2024: $398.0MQ4 2024: $336.4MQ1 2025: $427.3MQ2 2025: $483.1MQ3 2025: $413.8MQ4 2025: $623.4MQ1 2026: $608.4MQ2 2026: $659.9M
Q4 2023Q2 2026
13F filings of Fourth Sail Capital LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202626$659.9MBCODLOAVOvs. Q1 2026SEC
Q1 2026May 15, 202625$608.4MNATLMELIBCOvs. Q4 2025SEC
Q4 2025Feb 13, 202630$623.4MBBARACNBAPvs. Q3 2025SEC
Q3 2025Nov 14, 202528$413.8MSLVMSFDEZPWvs. Q2 2025SEC
Q2 2025Aug 7, 202526$483.1MMetals Acquisition CorpNUCAAPvs. Q1 2025SEC
Q1 2025May 9, 202528$427.3MMetals Acquisition CorpCAAPBAPvs. Q4 2024SEC
Q4 2024Feb 6, 202521$336.4MMetals Acquisition CorpVALEDAVAvs. Q3 2024SEC
Q3 2024Nov 7, 202424$398.0MMetals Acquisition CorpCAAPLAURvs. Q2 2024SEC
Q2 2024Aug 9, 202422$436.3MMetals Acquisition CorpBAPSGMLvs. Q1 2024SEC
Q1 2024Apr 12, 202423$335.3MMetals Acquisition CorpLAURDAVAvs. Q4 2023SEC
Q4 2023Feb 6, 202423$315.7MMetals Acquisition CorpARCOBPOP–SEC

13D and 13G filings

Companies where Fourth Sail Capital LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Fourth Sail Capital LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
BIOXBioceres Crop Solutions Corp.13G/A6.82%4.33M shares−0.54 ppfrom 7.36%Oct 23, 20245 filingsJan 21, 2026SEC

Latest filings

31 filings on file made by Fourth Sail Capital LP or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Fourth Sail Capital LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
GPRKGeoPark LtdMar 23, 202612:46 PM ET13G/A4.18%0 shares−2.09 ppfrom 6.27%Below 5%Oct 13, 2025SEC
CVGWCalavo Growers IncMar 23, 202612:45 PM ET13G/A3.97%0 shares−2.24 ppfrom 6.21%Below 5%Feb 6, 2026SEC
GPRKGeoPark LtdFeb 24, 20269:47 AM ET13G/A6.27%3.23M shares+1.28 ppfrom 4.99%Oct 13, 2025SEC
CVGWCalavo Growers IncFeb 24, 20269:45 AM ET13G6.21%1.11M sharesNewFeb 6, 2026SEC
BIOXBioceres Crop Solutions Corp.Jan 21, 20266:41 PM ET13G/A6.82%4.33M shares−0.54 ppfrom 7.36%Dec 31, 2025SEC
GPRKGeoPark LtdNov 4, 202510:31 AM ET13G/A4.99%2.58M shares0.00 ppfrom 4.99%Below 5%Oct 13, 2025SEC
MAC Copper LtdOrginary SharesOct 14, 20253:16 PM ET13G/A0.00%0 shares−0.78 ppfrom 0.78%Below 5%Oct 7, 2025SEC
MAC Copper LtdOrginary SharesOct 14, 20253:14 PM ET13G/A0.78%82.5M shares−5.51 ppfrom 6.29%Below 5%Sep 30, 2025SEC
GPRKGeoPark LtdOct 14, 20253:09 PM ET13G/A4.99%257.8K shares−0.09 ppfrom 5.08%Below 5%Oct 13, 2025SEC
GPRKGeoPark LtdOct 14, 20253:07 PM ET13G5.08%262.2M sharesNewSep 24, 2025SEC
URGUr-Energy IncMay 9, 20252:11 PM ET13G3.37%12.3M shares–Below 5%Mar 31, 2025SEC
MAC Copper LtdOrginary SharesMay 9, 20252:11 PM ET13G6.29%5.19M shares−0.01 ppfrom 6.30%Mar 31, 2025SEC
BIOXBioceres Crop Solutions Corp.May 9, 20252:09 PM ET13G7.36%4.63M shares+1.47 ppfrom 5.89%Dec 31, 2024SEC
BIOXBioceres Crop Solutions Corp.Feb 10, 20258:11 PM ET13G5.89%3.70M shares−0.01 ppfrom 5.90%Dec 31, 2024SEC
BIOXBioceres Crop Solutions Corp.Feb 10, 20255:57 PM ET13G5.90%3.70M shares–Dec 31, 2024SEC
MAC Copper LtdOrginary SharesFeb 10, 20255:32 PM ET13G6.30%5.19M shares–Dec 31, 2024SEC
BIOXBioceres Crop Solutions Corp.Oct 23, 202413GOld format–New–SEC
URGUr-Energy IncAug 2, 202413GOld format–New–SEC
VTEXVtexFeb 9, 202413G/AOld format–––SEC
Metals Acquisition LtdFeb 9, 202413G/AOld format–––SEC