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Fourth Sail Capital LP — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Fourth Sail Capital LPCIK: 0001803158
Quality / disciplined sizingLong-term holderSector-focused
Total reported value
$659.9M
Reporting period: 2026-06-30 · Number of holdings: 26
Fourth Sail Capital LP disclosed 26 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $659.9M and a quarterly turnover rate of 0.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "F"
Personality snowflake
- Concentration
- 22.69
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 81.14
- Diversification
- 52
- Sizing Uniformity
- 92.97
Fourth Sail Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.057 — mathematically equivalent to about 18 equally-sized positions, close to its 26 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.70), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 42% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out NATL
Sold out MELI
New buy BAP
Add BCO
+137.4% $50.1M
Sold out TEO
Add AVO
+258.5% $31.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BCO | Brink's Co/the | Stock-Industrials | 14.12% | +7.04% | +137.36% | |
| 2 | DLO | DLocal Limited | Stock-Other | 7.77% | +2.94% | +73.94% | |
| 3 | AVO | Mission Produce Inc | Stock-Other | 7.10% | +4.59% | +258.48% | |
| 4 | BAP | Credicorp Ltd. | Stock-Financials | 7.05% | +7.05% | NEW | |
| 5 | TX | Ternium Sa-sponsored Adr | Stock-Other | 4.40% | +4.40% | NEW | |
| 6 | HRL | Hormel Foods CORP | Stock-Consumer Staples | 4.23% | +0.44% | +10.54% | |
| 7 | MEOH | Methanex CORP | Stock-Other | 4.17% | +1.00% | +83.95% | |
| 8 | VIST | Vista Energy Sab De Cv | Stock-Other | 4.01% | +1.03% | +72.96% | |
| 9 | SFD | Smithfield Foods Inc | Stock-Other | 3.92% | -1.21% | -4.35% | |
| 10 | CEPU | Central Puerto-sponsored Adr | Stock-Other | 3.84% | +0.66% | +48.09% | |
| 11 | VZLA | Vizsla Silver CORP | Stock-Other | 3.79% | -0.32% | — | |
| 12 | XPEV | XPeng Inc. | Stock-Other | 3.70% | +3.70% | NEW | |
| 13 | LOMA | Loma Negra Cia Ind-spon Adr | Stock-Other | 3.34% | -1.16% | -22.13% | |
| 14 | SLVM | Sylvamo CORP | Stock-Materials | 2.67% | -0.30% | +9.21% | |
| 15 | GPRK | GeoPark Limited | Stock-Other | 2.66% | -0.82% | -13.44% | |
| 16 | CXT | Crane Nxt Co | Stock-Industrials | 2.66% | +2.66% | NEW | |
| 17 | WU | Western Union Co | Stock-Financials | 2.47% | +2.47% | NEW | |
| 18 | VMC | Vulcan Materials Co | Stock-Materials | 2.43% | +2.43% | NEW | |
| 19 | GGAL | Grupo Financiero Galicia-adr | Stock-Other | 2.42% | +2.42% | NEW | |
| 20 | STNE | StoneCo Ltd. | Stock-Other | 2.41% | +2.41% | NEW | |
| 21 | MLM | Martin Marietta Materials | Stock-Materials | 2.36% | +2.36% | NEW | |
| 22 | ACN | Accenture plc | Stock-Tech | 2.35% | +2.35% | NEW | |
| 23 | PAX | Patria Investments Limited | Stock-Other | 2.29% | +2.29% | NEW | |
| 24 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 2.02% | -2.23% | -55.01% | |
| 25 | EVEX | Eve Holding Inc | Stock-Other | 1.25% | +1.25% | NEW | |
| 26 | CPA | Copa Holdings, S.A. | Stock-Other | 0.58% | -1.97% | -82.10% |
Portfolio Performance
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+48.3%
- Stdev
- +19.2%
- Beta
- +0.36
- Alpha
- +16.7%
- Max Drawdown
- -14.5%
- Annualized Perf
- +23.8%
- Batting Avg vs S&P
- +56.7%
- Sortino
- +2.47
- Stutzer
- +0.36
- Treynor
- +0.65
- Sterling
- +1.24
- Calmar
- +1.64
- Information Ratio
- +0.24
- Tracking Error
- +20.3%
- Stdev Down
- +9.4%
- Winning Months %
- +60%
- Losing Months %
- +40%
- Best 12 Months
- +63.7%
- Worst 12 Months
- -0.7%
- Efficiency Ratio
- +0.52
- Sharpe
- +1.21
- Stdev Sectors
- +11.9%
- Skewness
- +0.11
- Kurtosis
- +0.23
- Upside Potential
- +4.11
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Fourth Sail Capital LP's most significant position changes for 2026-06-30: Sold out: Ncr Atleos CORP (NATL); Sold out: Mercadolibre Inc (MELI); New buy: Credicorp Ltd. (BAP); Sold out: Telecom Argentina Sa-sp Adr (TEO); New buy: Ternium Sa-sponsored Adr (TX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BAP | Credicorp Ltd. | +7.1% | NEW | New buy |
| 2 | BCO | Brink's Co/the | +7% | +137.36% | Add |
| 3 | AVO | Mission Produce Inc | +4.6% | +258.48% | Add |
| 4 | TX | Ternium Sa-sponsored Adr | +4.4% | NEW | New buy |
| 5 | XPEV | XPeng Inc. | +3.7% | NEW | New buy |
| 6 | DLO | DLocal Limited | +2.9% | +73.94% | Add |
| 7 | CXT | Crane Nxt Co | +2.7% | NEW | New buy |
| 8 | WU | Western Union Co | +2.5% | NEW | New buy |
| 9 | VMC | Vulcan Materials Co | +2.4% | NEW | New buy |
| 10 | GGAL | Grupo Financiero Galicia-adr | +2.4% | NEW | New buy |
| 11 | STNE | StoneCo Ltd. | +2.4% | NEW | New buy |
| 12 | MLM | Martin Marietta Materials | +2.4% | NEW | New buy |
| 13 | ACN | Accenture plc | +2.4% | NEW | New buy |
| 14 | PAX | Patria Investments Limited | +2.3% | NEW | New buy |
| 15 | EVEX | Eve Holding Inc | +1.3% | NEW | New buy |
| 16 | VIST | Vista Energy Sab De Cv | +1% | +72.96% | Add |
| 17 | MEOH | Methanex CORP | +1% | +83.95% | Add |
| 18 | CEPU | Central Puerto-sponsored Adr | +0.7% | +48.09% | Add |
| 19 | HRL | Hormel Foods CORP | +0.4% | +10.54% | Add |
| 20 | SLVM | Sylvamo CORP | -0.3% | +9.21% | Add |
| 21 | VZLA | Vizsla Silver CORP | -0.3% | — | Unchanged |
| 22 | GDYN | Grid Dynamics Holdings Inc | -0.6% | EXIT | Sold out |
| 23 | SXT | Sensient Technologies CORP | -0.6% | EXIT | Sold out |
| 24 | GPRK | GeoPark Limited | -0.8% | -13.44% | Trim |
| 25 | LOMA | Loma Negra Cia Ind-spon Adr | -1.2% | -22.13% | Trim |
| 26 | SFD | Smithfield Foods Inc | -1.2% | -4.35% | Trim |
| 27 | ✓ | Liberty Latin America LTD | -1.3% | EXIT | Sold out |
| 28 | EMBJ | Embraer Sa-spon Adr | -1.8% | EXIT | Sold out |
| 29 | CPA | Copa Holdings, S.A. | -2% | -82.10% | Trim |
| 30 | TECK | Teck Resources Ltd-cls B | -2.2% | -55.01% | Trim |
| 31 | ✓ | Calavo Growers Inc | -2.7% | EXIT | Sold out |
| 32 | YPF | Ypf S.a.-sponsored Adr | -2.8% | EXIT | Sold out |
| 33 | IFS | Intercorp Financial Services Inc. | -3.1% | EXIT | Sold out |
| 34 | LILA | Liberty Latin America Ltd. | -4% | EXIT | Sold out |
| 35 | TEO | Telecom Argentina Sa-sp Adr | -4.8% | EXIT | Sold out |
| 36 | MELI | Mercadolibre Inc | -9.4% | EXIT | Sold out |
| 37 | NATL | Ncr Atleos CORP | -14.5% | EXIT | Sold out |
Filing History
FAQ
What is Fourth Sail Capital LP and what type of investor is it?
Fourth Sail Capital LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $659.9M, spread across 26 disclosed positions.
What are Fourth Sail Capital LP's largest equity positions?
Based on the latest 13F filing, Fourth Sail Capital LP's top holdings by market value are:
1. Brink's Co/the (BCO) — $93.2M (14.1%)
2. DLocal Limited (DLO) — $51.2M (7.8%)
3. Mission Produce Inc (AVO) — $46.9M (7.1%)
4. Credicorp Ltd. (BAP) — $46.5M (7.0%)
5. Ternium Sa-sponsored Adr (TX) — $29.0M (4.4%)
What changes did Fourth Sail Capital LP make in its most recent portfolio filing?
In the latest reported quarter, Fourth Sail Capital LP made 36 notable position adjustments: 12 new positions were initiated, 8 existing holdings were added to, 5 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Ncr Atleos CORP (NATL); Sold out: Mercadolibre Inc (MELI); New buy: Credicorp Ltd. (BAP); Sold out: Telecom Argentina Sa-sp Adr (TEO); New buy: Ternium Sa-sponsored Adr (TX)
What sectors does Fourth Sail Capital LP focus on?
Fourth Sail Capital LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 39.6%
• Financials: 22.5%
• Materials: 22.4%
• Consumer Staples: 10.0%
• Information Technology: 5.5%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Fourth Sail Capital LP returned an annualized 23.8% over the trailing 30 months — outperforming the S&P 500 by 16.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.36 (less volatile than the market) and a 57% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 39.6% of the portfolio concentrated in Industrials.
It has added to its AVO position over the past two quarters (+$46.2M, now $46.9M), while trimming CPA over the same stretch (-$11.9M, still holding $3.8M).
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Developer Access
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REST API
curl https://alphasmo.com/api/v1/institutions/fourth-sail-capital-lpCLI
npx alphasmo institutions get fourth-sail-capital-lp