13F HOLDINGS REPORT
Sagil Capital LLP
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001747744-26-000001
Total Value
$438.9M
Positions
30
Other Managers
0
Confidential Omitted
No
Holdings (30)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 138,000 | $54.7M | 12.46% |
| 2 | ISHARES INC | 464286400 | 1,000,000 | $31.8M | 7.24% |
| 3 | SPDR GOLD TR | GLD | 80,000 | $31.7M | 7.22% |
| 4 | UNITED STS OIL FD LP | UNTCW | 395,000 | $27.3M | 6.22% |
| 5 | SPDR GOLD TR | GLD | 67,700 | $26.8M | 6.11% |
| 6 | ISHARES INC | 464286400 | 812,300 | $25.8M | 5.88% |
| 7 | BARRICK MNG CORP | 06849F108 | 480,000 | $20.9M | 4.76% |
| 8 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 1,800,000 | $20.3M | 4.62% |
| 9 | TEEKAY TANKERS LTD | TNK | 373,640 | $20.0M | 4.55% |
| 10 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 861,366 | $19.3M | 4.40% |
| 11 | ISHARES INC | 464286400 | 550,000 | $17.5M | 3.98% |
| 12 | SPDR GOLD TR | GLD | 40,000 | $15.9M | 3.61% |
| 13 | SPDR GOLD TR | GLD | 38,000 | $15.1M | 3.43% |
| 14 | CMB.TECH NV | CMBT | 1,397,397 | $13.5M | 3.07% |
| 15 | NEXA RES S A | L67359106 | 1,316,533 | $11.7M | 2.65% |
| 16 | ISHARES INC | 464286400 | 340,000 | $10.8M | 2.46% |
| 17 | ISHARES INC | 464286400 | 300,000 | $9.5M | 2.17% |
| 18 | SPDR GOLD TR | GLD | 20,000 | $7.9M | 1.81% |
| 19 | AURA MINERALS INC | AUGO | 155,992 | $7.9M | 1.79% |
| 20 | TELECOM ARGENTINA SA | TCMFF | 657,097 | $7.6M | 1.74% |
| 21 | ARIS MNG CORP | 04040Y109 | 450,000 | $7.3M | 1.66% |
| 22 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 611,224 | $7.2M | 1.65% |
| 23 | COPA HOLDINGS SA | CPA | 53,854 | $6.5M | 1.48% |
| 24 | GERDAU SA | GGB | 1,567,825 | $5.8M | 1.32% |
| 25 | PETROLEO BRASILEIRO SA PETRO | 71654V908 | 350,000 | $4.1M | 0.94% |
| 26 | ISHARES TR | 464287242 | 36,200 | $4.0M | 0.91% |
| 27 | ENDEAVOUR SILVER CORP | EXK | 390,000 | $3.7M | 0.84% |
| 28 | CEMENTOS PACASMAYO S A A | 15126Q208 | 209,734 | $2.2M | 0.50% |
| 29 | ZIM INTEGRATED SHIPPING SERV | ZIM | 70,000 | $1.5M | 0.34% |
| 30 | GRUPO AEROMEXICO SAB DE CV | 40054J109 | 35,689 | $783,730 | 0.18% |