Seafarer Capital Partners, LLC Long-Term Concentrated

Location: Corte Madera, CA

CIK: 0001697721 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 4, 2026

Total Value: $434M (100.0% shares, 0.0% debt)

Holdings (9)

Increased Positions (2)

XP XP Inc. 14.7%

Value $63.59M (-11.4%) Shares 3,911,000 (+3.7%) Est. Cost $17.77 Unrealized —

SUZ Suzano SA 0.7%

Value $3.104M (-15.0%) Shares 400,000 (+9.6%) Est. Cost $9.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XP	XP Inc.	3,911,000 (+3.7%)	$63.59M (-11.4%)	14.7%	$17.77	—	Class A	G98239109
SUZ	Suzano SA	400,000 (+9.6%)	$3.104M (-15.0%)	0.7%	$9.37	—	SPONSORED ADS	86959K105

Decreased Positions (2)

ABEV Ambev - SA 17.4%

Value $75.58M (-7.8%) Shares 24,069,000 (-14.3%) Est. Cost $2.42 Unrealized —

BAP BAP US 18.8%

Value $81.38M (+3.9%) Shares 208,900 (-9.5%) Est. Cost $122.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ABEV	Ambev - SA	24,069,000 (-14.3%)	$75.58M (-7.8%)	17.4%	$2.42	—	SPONSORED ADR	02319V103
BAP	BAP US	208,900 (-9.5%)	$81.38M (+3.9%)	18.8%	$122.58	—	COM	G2519Y108

Unchanged Positions (5)

BUD Anheuser Busch Inbev SA NV 19.6%

Value $85.2M Shares 1,034,000 Est. Cost $56.81 Unrealized —

ITUB Itau Unibanco H Spon PRF 20.5%

Value $89.13M Shares 10,909,142 Est. Cost $4.83 Unrealized —

HDB HDFC Bank LTD 6.8%

Value $29.65M Shares 1,148,000 Est. Cost $32.14 Unrealized —

KOF COCA-COLA FEMSA SAB-SP ADR 0.7%

Value $3.081M Shares 29,000 Est. Cost $60.41 Unrealized —

ARCO ARCOS DORADOS HOLDINGS 0.7%

Value $3.224M Shares 400,000 Est. Cost $7.91 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BUD	Anheuser Busch Inbev SA NV	1,034,000	$85.2M	19.6%	$56.81	—	SPONSORED ADR	03524A108
ITUB	Itau Unibanco H Spon PRF	10,909,142	$89.13M	20.5%	$4.83	—	SPONSORED ADR	465562106
HDB	HDFC Bank LTD	1,148,000	$29.65M	6.8%	$32.14	—	SPONSORED ADS	40415F101
KOF	COCA-COLA FEMSA SAB-SP ADR	29,000	$3.081M	0.7%	$60.41	—	SPONSORED ADR	191241108
ARCO	ARCOS DORADOS HOLDINGS	400,000	$3.224M	0.7%	$7.91	—	Class A	G0457F107