Seafarer Capital Partners, LLC Long-Term Concentrated

CIK: 0001697721 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 9, 2026

Total Value ($000): $384,953 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (2)

HDB HDFC Bank LTD 6.0%

Value ($000) $23,055 Shares 632,000 Est. Cost $36.48 Unrealized —

SUZ Suzano SA 0.6%

Value ($000) $2,475 Shares 265,000 Est. Cost $9.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HDB	HDFC Bank LTD	632,000	$23,055	6.0%	$36.48	—	SPONSORED ADS	40415F101
SUZ	Suzano SA	265,000	$2,475	0.6%	$9.34	—	SPONSORED ADS	86959K105

Increased Positions (1)

ITUB Itau Unibanco H Spon PRF 20.3%

Value ($000) $78,109 (+0.5%) Shares 10,909,142 (+3.0%) Est. Cost $4.83 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITUB	Itau Unibanco H Spon PRF	10,909,142 (+3.0%)	$78,109 (+0.5%)	20.3%	$4.83	—	SPONSORED ADR	465562106

Unchanged Positions (6)

XP XP Inc. 16.0%

Value ($000) $61,731 Shares 3,771,000 Est. Cost $17.82 Unrealized -1.2%

ABEV Ambev - SA 18.0%

Value ($000) $69,330 Shares 28,069,000 Est. Cost $2.42 Unrealized —

BAP BAP US 20.4%

Value ($000) $78,351 Shares 273,000 Est. Cost $122.58 Unrealized +116.0%

BUD Anheuser Busch Inbev SA NV 17.2%

Value ($000) $66,217 Shares 1,034,000 Est. Cost $56.81 Unrealized —

KOF COCA-COLA FEMSA SAB-SP ADR 0.7%

Value ($000) $2,747 Shares 29,000 Est. Cost $60.41 Unrealized —

ARCO ARCOS DORADOS HOLDINGS 0.8%

Value ($000) $2,936 Shares 400,000 Est. Cost $7.91 Unrealized -9.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XP	XP Inc.	3,771,000	$61,731	16.0%	$17.82	-1.2%	Class A	G98239109
ABEV	Ambev - SA	28,069,000	$69,330	18.0%	$2.42	—	SPONSORED ADR	02319V103
BAP	BAP US	273,000	$78,351	20.4%	$122.58	+116.0%	COM	G2519Y108
BUD	Anheuser Busch Inbev SA NV	1,034,000	$66,217	17.2%	$56.81	—	SPONSORED ADR	03524A108
KOF	COCA-COLA FEMSA SAB-SP ADR	29,000	$2,747	0.7%	$60.41	—	SPONSORED ADR	191241108
ARCO	ARCOS DORADOS HOLDINGS	400,000	$2,936	0.8%	$7.91	-9.7%	Class A	G0457F107