Fourth Sail Capital LP and affiliated filers amended a Schedule 13G/A reporting beneficial ownership in Calavo Growers Inc. The filing shows Fourth Sail Long Short directly holds 709,185 Class A Common Shares, equal to 3.97% of 17,874,079 Class A Common Shares outstanding. The filing lists shared voting and dispositive power across Fourth Sail entities and Ariel Merenstein.
Positive
None.
Negative
None.
Insights
Filing documents a mid‑single‑digit stake by Fourth Sail entities in Calavo Growers.
The report states 709,185 Class A Common Shares are held by Fourth Sail Long Short, representing 3.97% of 17,874,079 Class A shares outstanding. The ownership is recorded as shared voting and dispositive power across related entities and a named individual.
This is a standard beneficial ownership disclosure; cash‑flow treatment and any planned transactions are not disclosed in the excerpt. Subsequent filings would be required to show any changes in position.
Schedule 13G/A lists the reporting structure and shared control among related entities and a managing partner.
The filing identifies Fourth Sail Capital LP as General Partner and Fourth Sail Capital US LP as Investment Manager, with Ariel Merenstein as managing partner. It records shared voting/dispositive power of 709,185 shares across those entities.
For governance context, the disclosure clarifies beneficial ownership and voting interests; any governance influence depends on future actions and is not described here.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CALAVO GROWERS INC
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
(CUSIP Number)
02/06/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Fourth Sail Capital LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
709,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
709,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.97 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Ariel Merenstein
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
709,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
709,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.97 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Fourth Sail Capital US LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
709,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
709,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.97 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Tordesilhas Capital Gestora De Recursos Ltda.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BRAZIL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
709,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
709,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.97 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Fourth Sail Long Short LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
709,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
709,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.97 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CALAVO GROWERS INC
(b)
Address of issuer's principal executive offices:
1141A CUMMINGS ROAD, SANTA PAULA, CALIFORNIA 93060
Item 2.
(a)
Name of person filing:
Fourth Sail Capital LP
Ariel Merenstein
Fourth Sail Capital US LP
Tordesilhas Capital Gestora De Recursos Ltda.
Fourth Sail Long Short LLC
(b)
Address or principal business office or, if none, residence:
10 MARKET STREET
#754
GRAND CAYMAN, Cayman Islands
KY1-9006
(c)
Citizenship:
Fourth Sail Capital LP - CAYMAN ISLANDS
Ariel Merenstein - UNITED STATES
Fourth Sail Capital US LP - DELAWARE
Tordesilhas Capital Gestora De Recursos Ltda. - BRAZIL
Fourth Sail Long Short LLC - DELAWARE
(d)
Title of class of securities:
Ordinary Shares
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentages reported are based on 17,874,079 Class A Common Shares outstanding.
As of the date of this Schedule 13G, Fourth Sail Long Short directly holds 709,185 Class A Common Shares. Fourth Sail Capital LP is the General Partner, Fourth Sail Capital US LP is the Investment Manager of Fourth Sail Long Short. Mr. Merenstein is the managing partner of Fourth Sail Capital.
(b)
Percent of class:
3.97 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Fourth Sail Capital LP - 0
Ariel Merenstein - 0
Fourth Sail Capital US LP - 0
Tordesilhas Capital Gestora De Recursos Ltda. - 0
Fourth Sail Long Short LLC - 0
(ii) Shared power to vote or to direct the vote:
Fourth Sail Capital LP - 709,185
Ariel Merenstein - 709,185
Fourth Sail Capital US LP - 709,185
Tordesilhas Capital Gestora De Recursos Ltda. - 709,185
Fourth Sail Long Short LLC - 709,185
(iii) Sole power to dispose or to direct the disposition of:
Fourth Sail Capital LP - 0
Ariel Merenstein - 0
Fourth Sail Capital US LP - 0
Tordesilhas Capital Gestora De Recursos Ltda. - 0
Fourth Sail Long Short LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
Fourth Sail Capital LP - 709,185
Ariel Merenstein - 709,185
Fourth Sail Capital US LP - 709,185
Tordesilhas Capital Gestora De Recursos Ltda. - 709,185
Fourth Sail Long Short LLC - 709,185
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake did Fourth Sail report in Calavo Growers (CVGW)?
Fourth Sail Long Short reported holding 709,185 Class A Common Shares, representing 3.97% of 17,874,079 Class A shares outstanding. The filing records shared voting and dispositive power among Fourth Sail entities and Ariel Merenstein.
Which entities and individuals are listed as reporting persons in the filing?
The filing names Fourth Sail Capital LP, Ariel Merenstein, Fourth Sail Capital US LP, Tordesilhas Capital Gestora De Recursos Ltda., and Fourth Sail Long Short LLC as reporting persons with shared control over the disclosed shares.
Does the Schedule 13G/A disclose who has sole voting or dispositive power?
The filing shows no sole voting or sole dispositive power for the reporting persons; all listed power over the 709,185 shares is recorded as shared voting and shared dispositive power across the entities and the named individual.
Are the proceeds or planned transactions related to the holding disclosed?
No. The Schedule 13G/A excerpt lists beneficial ownership and control but does not disclose any proceeds received or any planned purchases or sales related to the 709,185 shares.
How is the 3.97% ownership percentage calculated in the filing?
The filing states the ownership percentage is based on 17,874,079 Class A Common Shares outstanding and reports the 709,185 shares as representing 3.97% of that total, per the Schedule 13G/A cover information.
