Sagil Capital LLP Hedge Fund

Location: London, United Kingdom

CIK: 0001747744 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 12, 2026

Total Value: $439M (100.0% shares, 0.0% debt)

Holdings (21)

GLD SPDR GOLD TR 34.6%

Value $152M Shares 383,700 Est. Cost — Unrealized —

EWZ ISHARES INC 21.7%

Value $95.38M Shares 3,002,300 Est. Cost — Unrealized —

USO UNITED STS OIL FD LP 6.2%

Value $27.32M Shares 395,000 Est. Cost — Unrealized —

B BARRICK MNG CORP 4.8%

Value $20.9M Shares 480,000 Est. Cost $19.29 Unrealized +94.0%

PBR/A PETROLEO BRASILEIRO SA PETRO 4.6%

Value $20.29M Shares 1,800,000 Est. Cost $12.23 Unrealized —

TNK TEEKAY TANKERS LTD 4.5%

Value $19.96M Shares 373,640 Est. Cost $44.92 Unrealized +25.0%

TEN TSAKOS ENERGY NAVIGATION LTD 4.4%

Value $19.31M Shares 861,366 Est. Cost $21.29 Unrealized +9.9%

CMBT CMB.TECH NV 3.1%

Value $13.48M Shares 1,397,397 Est. Cost $9.48 Unrealized +2.6%

NEXA NEXA RES S A 2.7%

Value $11.65M Shares 1,316,533 Est. Cost $6.51 Unrealized 0.0%

AUGO AURA MINERALS INC 1.8%

Value $7.864M Shares 155,992 Est. Cost $39.27 Unrealized 0.0%

TEO TELECOM ARGENTINA SA 1.7%

Value $7.629M Shares 657,097 Est. Cost $11.61 Unrealized —

ARIS ARIS MNG CORP 1.7%

Value $7.299M Shares 450,000 Est. Cost $7.97 Unrealized +54.2%

PBR PETROLEO BRASILEIRO SA PETRO 1.7%

Value $7.243M Shares 611,224 Est. Cost $11.85 Unrealized —

CPA COPA HOLDINGS SA 1.5%

Value $6.495M Shares 53,854 Est. Cost $121.26 Unrealized 0.0%

GGB GERDAU SA 1.3%

Value $5.785M Shares 1,567,825 Est. Cost $3.10 Unrealized —

— PETROLEO BRASILEIRO SA PETRO 0.9%

Value $4.147M Shares 350,000 Est. Cost — Unrealized —

LQD ISHARES TR 0.9%

Value $3.989M Shares 36,200 Est. Cost $109.61 Unrealized —

EXK ENDEAVOUR SILVER CORP 0.8%

Value $3.666M Shares 390,000 Est. Cost $8.48 Unrealized 0.0%

CPAC CEMENTOS PACASMAYO S A A 0.5%

Value $2.185M Shares 209,734 Est. Cost $4.99 Unrealized —

ZIM ZIM INTEGRATED SHIPPING SERV 0.3%

Value $1.486M Shares 70,000 Est. Cost $16.77 Unrealized 0.0%

AERO GRUPO AEROMEXICO SAB DE CV 0.2%

Value $784K Shares 35,689 Est. Cost $21.96 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	383,700	$152M	34.6%	—	—	Put	78463V107
EWZ	ISHARES INC	3,002,300	$95.38M	21.7%	—	—	Put	464286400
USO	UNITED STS OIL FD LP	395,000	$27.32M	6.2%	—	—	Put	91232N207
B	BARRICK MNG CORP	480,000	$20.9M	4.8%	$19.29	+94.0%	COM SHS	06849F108
PBR/A	PETROLEO BRASILEIRO SA PETRO	1,800,000	$20.29M	4.6%	$12.23	—	SP ADR NON VTG	71654V101
TNK	TEEKAY TANKERS LTD	373,640	$19.96M	4.5%	$44.92	+25.0%	CL A	G8726X106
TEN	TSAKOS ENERGY NAVIGATION LTD	861,366	$19.31M	4.4%	$21.29	+9.9%	SHS	G9108L173
CMBT	CMB.TECH NV	1,397,397	$13.48M	3.1%	$9.48	+2.6%	SHS	B38564108
NEXA	NEXA RES S A	1,316,533	$11.65M	2.7%	$6.51	0.0%	COM	L67359106
AUGO	AURA MINERALS INC	155,992	$7.864M	1.8%	$39.27	0.0%	SHS NEW	G06973112
TEO	TELECOM ARGENTINA SA	657,097	$7.629M	1.7%	$11.61	—	SPON ADR REP B	879273209
ARIS	ARIS MNG CORP	450,000	$7.299M	1.7%	$7.97	+54.2%	COM	04040Y109
PBR	PETROLEO BRASILEIRO SA PETRO	611,224	$7.243M	1.7%	$11.85	—	SPONSORED ADR	71654V408
CPA	COPA HOLDINGS SA	53,854	$6.495M	1.5%	$121.26	0.0%	CL A	P31076105
GGB	GERDAU SA	1,567,825	$5.785M	1.3%	$3.10	—	SPON ADR REP PFD	373737105
—	PETROLEO BRASILEIRO SA PETRO	350,000	$4.147M	0.9%	—	—	Call	71654V908
LQD	ISHARES TR	36,200	$3.989M	0.9%	$109.61	—	IBOXX INV CP ETF	464287242
EXK	ENDEAVOUR SILVER CORP	390,000	$3.666M	0.8%	$8.48	0.0%	COM	29258Y103
CPAC	CEMENTOS PACASMAYO S A A	209,734	$2.185M	0.5%	$4.99	—	SPONSORED ADR	15126Q208
ZIM	ZIM INTEGRATED SHIPPING SERV	70,000	$1.486M	0.3%	$16.77	0.0%	SHS	M9T951109
AERO	GRUPO AEROMEXICO SAB DE CV	35,689	$784K	0.2%	$21.96	—	SPONSORED ADS	40054J109