Calavo Growers Inc. reports that Fourth Sail-related entities beneficially own 1,109,341 Ordinary Shares, representing 6.21% of the class as of 02/06/2026. The filing states the ownership percentage is based on 17,874,079 Class A Common Shares outstanding. Fourth Sail Long Short LLC directly holds 1,109,341 shares, and Fourth Sail Capital LP, Fourth Sail Capital US LP and Ariel Merenstein are disclosed as affiliated reporting persons with shared voting and dispositive power over those shares.
Positive
None.
Negative
None.
Insights
Fourth Sail discloses a 6.21% beneficial stake, held with shared voting and dispositive power.
The filing attributes 1,109,341 shares to Fourth Sail Long Short LLC and reports affiliation by Fourth Sail Capital LP, Fourth Sail Capital US LP and Ariel Merenstein. The schedule lists shared voting and dispositive authority, not sole control.
Proxy and governance effects depend on future filings and any changes in voting alignment; subsequent disclosures would show if this holding is used for coordinated voting or dispositions.
A 6.21% position is a visible minority holding but not a controlling stake.
The position equals 1,109,341 shares out of 17,874,079 outstanding as of 02/06/2026. The schedule shows shared power arrangements across related entities rather than unilateral authority.
Market impact will depend on whether the holders trade or file amendments; timing and trading intent are not disclosed in the excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CALAVO GROWERS INC
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
128246105
(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)
SCHEDULE 13G
CUSIP No.
128246105
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
1,109,341.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,109,341.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,109,341.00
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)
6.21 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
128246105
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
1,109,341.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,109,341.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,109,341.00
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)
6.21 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
128246105
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
1,109,341.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,109,341.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,109,343.00
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)
6.21 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
128246105
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
1,109,341.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,109,341.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,109,341.00
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)
6.21 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
128246105
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
1,109,341.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,109,341.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,109,341.00
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)
6.21 %
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.:
128246105
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 17,874,079.00 Class A Common Shares outstanding.
As of the date of this Schedule 13G, Fourth Sail Long Short directly holds 1,109,341 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:
6.21 %
(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 - 1,109,341
Ariel Merenstein - 1,109,341
Fourth Sail Capital US LP - 1,109,341
Tordesilhas Capital Gestora De Recursos Ltda. - 1,109,341
Fourth Sail Long Short LLC - 1,109,341
(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 - 1,109,341
Ariel Merenstein - 1,109,341
Fourth Sail Capital US LP - 1,109,341
Tordesilhas Capital Gestora De Recursos Ltda. - 1,109,341
Fourth Sail Long Short LLC - 1,109,341
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 does Fourth Sail report in Calavo Growers (CVGW)?
Fourth Sail-related entities report beneficial ownership of 1,109,341 shares, equal to 6.21% of the class based on 17,874,079 shares outstanding as of 02/06/2026.
Which entity directly holds the shares reported in the CVGW filing?
The filing states that Fourth Sail Long Short LLC directly holds 1,109,341 Class A Common Shares, as disclosed in the schedule filed on 02/06/2026.
Do Fourth Sail entities have sole voting or dispositive power over the shares?
No. The schedule reports 0 sole voting power and 1,109,341 shared voting and dispositive power across the affiliated Fourth Sail entities for the reported shares.
What outstanding share base does the CVGW schedule use to calculate percent owned?
The ownership percentage is calculated using 17,874,079 Class A Common Shares outstanding, which the schedule cites as the denominator for the 6.21% figure.
Who are the reporting persons named in the Calavo (CVGW) 13G?
Reporting persons listed include Fourth Sail Capital LP, Ariel Merenstein, Fourth Sail Capital US LP, Tordesilhas Capital Gestora De Recursos Ltda., and Fourth Sail Long Short LLC.
