Sagil Capital LLP

Fundamental concentrated ★Signal CIK 1747744
League rank
#970
in Fundamental concentrated · #7361 overall
Long book
$156.1M
Q1 2026
Positions
16
Top-10 weight
79%
concentration
Last quarter
-1.9%
SPY +14.8%
Turnover
68%
of book per quarter

Strategy in plain words

auto-generated from filings

Sagil Capital LLP is a concentrated fundamental stock-picker, running a $156.1M US long book across 16 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VISTA ENERGY SAB DE CV, BARRICK MINING CORP, NEXA RESOURCES SA, PICS NV, TELECOM ARGENTINA SA-SP ADR.

Over the last 9 quarters its long book ran on average 5.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+6.2%
Q3 2024
-13.6%
Q4 2024
+20.0%
Q1 2025
+9.1%
Q2 2025
+17.8%
Q3 2025
+14.6%
Q4 2025
+32.7%
Q1 2026
-1.9%

Sector allocation

Materials
40%
Financials
23%
Industrials
18%
Consumer staples
8%
Other
8%
Technology
4%

Long book by quarter

$107.6M
Q1 2024
$113.9M
Q2 2024
$98.2M
Q3 2024
$106.5M
Q4 2024
$115.1M
Q1 2025
$185.8M
Q2 2025
$165.7M
Q3 2025
$160.0M
Q4 2025
$156.1M
Q1 2026

What does Sagil Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
B BARRICK MINING CORPMaterials400.0K$16.3M10.5%-16.7%
NEXA NEXA RESOURCES SAMaterials1.3M$14.2M9.1%+1.6%
PICS PICS NVFinancials1.3M$13.6M8.7%New
TEN TSAKOS ENERGY NAVIGATION LTDIndustrials250.0K$9.9M6.3%-71.0%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials600.0K$8.6M5.5%New
ARIS ARIS MINING CORPMaterials450.0K$8.4M5.4%Held
AGRO ADECOAGRO SAConsumer staples503.5K$7.6M4.8%New
NTR NUTRIEN LTDOther100.0K$7.5M4.8%New
ZIM ZIM INTEGRATED SHIPPING SERVIndustrials271.5K$7.2M4.6%+287.8%
GLOB GLOBANT SATechnology75.0K$3.5M2.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202620$263.0M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202630$438.9M canonicalSEC ↗
Q3 202513F-HRNov 13, 202524$361.8M canonicalSEC ↗
Q2 202513F-HRAug 12, 202520$237.6M canonicalSEC ↗
Q1 202513F-HRMay 12, 202522$252.9M canonicalSEC ↗
Q4 202413F-HRFeb 12, 202520$218.3M canonicalSEC ↗
Q3 202413F-HRNov 13, 202420$162.6M canonicalSEC ↗
Q2 202413F-HRAug 12, 202421$194.8M canonicalSEC ↗
Q1 202413F-HRMay 13, 202424$183.0M canonicalSEC ↗