Seafarer Capital Partners, LLC
Long book
$435.8M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+5.5%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSeafarer Capital Partners, LLC is a diversified fundamental manager, specialised in financials (63% of the long book), running a $435.8M US long book across 9 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ITAU UNIBANCO H-SPON PRF ADR, AMBEV SA-ADR, CREDICORP LTD, XP INC - CLASS A, ANHEUSER-BUSCH INBEV-SPN ADR.
Over the last 9 quarters its long book ran on average 0.2pp 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
-14.9%
Q2 2024
+12.6%
Q3 2024
-19.4%
Q4 2024
+19.0%
Q1 2025
+22.4%
Q2 2025
-0.2%
Q3 2025
+4.0%
Q4 2025
+13.0%
Q1 2026
+5.5%
Sector allocation
Financials 98%
Consumer discretionary 2%
Long book by quarter
What does Seafarer Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 9 | $435.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 9, 2026 | 9 | $385.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 7 | $350.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 7 | $366.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 7 | $308.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 7 | $263.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 7 | $349.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 6 | $293.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 6 | $342.1M | canonical | SEC ↗ |