# Sagil Capital LLP: Form 13F holdings

An institutional investment manager in LONDON. SEC CIK 1747744.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $280.0m
- Positions: 25 (25 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1747744/000174774426000004/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [VISTA ENERGY S.A.B. DE C.V. (VIST)](/companies/vist.md) | SPONSORED ADS | $38.7m | 13.8% | 606,919 |  | Added +356,919 |
| [GRUPO FINANCIERO GALICIA S.A (GGAL)](/companies/ggal.md) | SPONSORED ADR | $33.0m | 11.8% | 658,626 |  | Added +426,668 |
| ISHARES TR | ISHARES TR | $28.7m | 10.3% | 420,000 | Put | New +420,000 |
| [UNITED STS OIL FD LP (USO)](/companies/uso.md) | UNITS | $21.3m | 7.6% | 200,000 | Put | New +200,000 |
| ZIM INTEGRATED SHIPPING SERV | SHS | $17.0m | 6.1% | 655,171 |  | Added +383,696 |
| NEXA RES S A | COM | $16.7m | 6.0% | 1,366,754 |  | Added +28,960 |
| XP INC | CL A | $16.3m | 5.8% | 1,000,000 |  | New +1,000,000 |
| [BARRICK MNG CORP (B)](/companies/b.md) | COM SHS | $14.7m | 5.2% | 400,000 |  | Unchanged |
| PICS NV | COM CL A | $13.8m | 4.9% | 1,300,000 |  | Unchanged |
| ISHARES INC | MSCI BRAZIL ETF | $10.3m | 3.7% | 300,000 | Put | New +300,000 |
| [BANCO BBVA ARGENTINA S A (BBAR)](/companies/bbar.md) | SPONSORED ADS | $9.8m | 3.5% | 500,985 |  | Reduced −99,015 |
| [TERNIUM SA (TX)](/companies/tx.md) | SPONSORED ADS | $8.7m | 3.1% | 204,756 |  | New +204,756 |
| [AZUL S A (AZUL)](/companies/azul.md) | SPONSORED ADS | $7.6m | 2.7% | 843,494 |  | New +843,494 |
| DHT HOLDINGS INC | SHS NEW | $7.5m | 2.7% | 453,888 |  | New +453,888 |
| [PETROLEO BRASILEIRO S A (PBR)](/companies/pbr.md) | SPONSORED ADR | $6.5m | 2.3% | 400,000 | Put | New +400,000 |
| GLOBANT S A | COM | $6.0m | 2.1% | 205,700 |  | Added +130,700 |
| [PETROLEO BRASILEIRO S A (PBR)](/companies/pbr.md) | SPONSORED ADR | $5.7m | 2.0% | 350,000 | Call | New +350,000 |
| [ARIS MINING CORPORATION (ARIS)](/companies/aris.md) | COM | $4.6m | 1.7% | 311,800 |  | Reduced −138,200 |
| ISHARES TR | IBOXX INV CP ETF | $3.9m | 1.4% | 36,200 |  | Unchanged |
| [ECOPETROL S A (EC)](/companies/ec.md) | SPONSORED ADS | $2.8m | 1.0% | 200,000 | Put | New +200,000 |
| [CEMENTOS PACASMAYO S A A (CPAC)](/companies/cpac.md) | SPONSORED ADR | $1.9m | 0.7% | 157,531 |  | Reduced −110,666 |
| DLOCAL LTD | CLASS A COM | $1.5m | 0.6% | 119,167 |  | New +119,167 |
| LITHIUM ARGENTINA AG | NOTE 1.750% 1/1 | $1.2m | 0.4% | 1,274,000 |  | New +1,274,000 |
| [ECOPETROL S A (EC)](/companies/ec.md) | SPONSORED ADS | $1.1m | 0.4% | 74,889 |  | New +74,889 |
| [AMERICAS GOLD AND SILVER COR (USAS)](/companies/usas.md) | COM NEW | $561.4k | 0.2% | 118,933 |  | New +118,933 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ADECOAGRO S A | COM | $0 | 0.0% | 0 |  | Sold out −503,476 |
| ISHARES TR | MSCI EMG MKT ETF | $0 | 0.0% | 0 | Put | Sold out −420,000 |
| NU HLDGS LTD | ORD SHS CL A | $0 | 0.0% | 0 |  | Sold out −600,000 |
| [NUTRIEN LTD (NTR)](/companies/ntr.md) | COM | $0 | 0.0% | 0 |  | Sold out −100,000 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | $0 | 0.0% | 0 | Call | Sold out −350,000 |
| [TELECOM ARGENTINA SA (TEO)](/companies/teo.md) | SPON ADR REP B | $0 | 0.0% | 0 |  | Sold out −1,156,409 |
| TSAKOS ENERGY NAVIGATION LTD | SHS | $0 | 0.0% | 0 |  | Sold out −250,000 |
| UNITED STS OIL FD LP | UNITS | $0 | 0.0% | 0 | Put | Sold out −595,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001747744-26-000004. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.