Institutional Manager · CIK 0001747744
Sagil Capital LLP
LONDON, X0 · File #028-18849
Latest AUM
$438.9M
Positions
30
Top-10 Concentration
63.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | UNITED STS OIL FD LP | UNTCW | +395,000 | +$27.3M | $0 |
| EXITED | SELECT SECTOR SPDR TR | 81369Y506 | -200,000 | -$17.9M | $0 |
| EXITED | ISHARES SILVER TR | 46428Q109 | -400,000 | -$16.9M | $0 |
| REDUCE | BARRICK MNG CORP | 06849F108 | -320,000 | -$13.9M | +$8.6M |
| EXITED | MOSAIC CO NEW | 61945C103 | -377,000 | -$13.1M | $0 |
| NEW | NEXA RES S A | L67359106 | +1,316,533 | +$11.7M | $0 |
| REDUCE | SPDR GOLD TR | GLD | -27,700 | -$11.0M | +$2.8M |
| ADD | TEEKAY TANKERS LTD | TNK | +204,331 | +$10.9M | +$485,917 |
| EXITED | COMPANIA DE MINAS BUENAVENTU | 204448104 | -447,516 | -$10.9M | $0 |
| EXITED | TIDEWATER INC NEW | 88642R109 | -201,763 | -$10.8M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202530 pos · $438.9M
- 13F HOLDINGS REPORTQ/E Sep 202524 pos · $361.8M
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $237.6M
- 13F HOLDINGS REPORTQ/E Mar 202522 pos · $252.9M
- 13F HOLDINGS REPORTQ/E Dec 202420 pos · $218.3M
- 13F HOLDINGS REPORTQ/E Sep 202420 pos · $162.6M
- 13F HOLDINGS REPORTQ/E Jun 202421 pos · $194.8M
- 13F HOLDINGS REPORTQ/E Mar 202424 pos · $183.0M
- 13F HOLDINGS REPORTQ/E Dec 202319 pos · $145.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 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% |