We observed Crested caracaras (Caracara plancus) consuming and dispersing fruits of the palm Attalea phalerata at Pantanal, Brazil. We reviewed the literature of seed dispersal by raptors and suggest that raptors may affect seed dispersal by three different paths: secondary seed dispersal by preying on frugivorous birds, primary seed dispersal of ornithocoric fruits and primary seed dispersal of large, lipid-rich fruits. The latter path may be an important long-distance seed dispersal mechanism for large seeds.