CIK 1577806
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Commercial Services & Supplies | 39.24% | 1 |
| Banks | 35.86% | 1 |
| Software & IT Services | 10.52% | 1 |
| Capital Markets | 8.32% | 1 |
| Unclassified | 5.63% | 1 |
| Metals & Mining | 0.43% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MELI | MERCADOLIBRE INC | Industrials | 39.24% |
| 2 | NU | NU HOLDINGS CLASS A | Financials | 35.86% |
| 3 | STNE | STONECO LTD CLASS A | Information Technology | 10.52% |
| 4 | XP | XP CLASS A INC | Financials | 8.32% |
| 5 | INTR | INTER & CO INC | Unclassified | 5.63% |
| 6 | VALE | Vale S.A. | Materials | 0.43% |
5/6 names classified · sector 94.4% of weight · industry 94.4% · mkt cap 39.2%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 94.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 39% of book weight classified — the grid is NOT representative of the whole book.
Classified: 39.2% of book weight (1/6 names) · unclassified 60.8%: NU, STNE, XP, INTR, VALE. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MELIMERCADOLIBRE INC | 6K | 2K | — | — | 90K | 203K | $351M |
| NUNU HLDGS LTD | — | — | 9.2M | 11.6M | 9.1M | 22.3M | $321M |
| STNESTONECO LTD | 14.0M | 13.5M | 7.0M | 3.0M | 1.2M | 6.7M | $94M |
| XPXP INC | 7.6M | 9.3M | 7.7M | 6.9M | 4.8M | 3.9M | $74M |
| INTRINTER & CO INC | — | — | 406K | 5.9M | 6.3M | 6.3M | $50M |
| VALEVALE S A | — | — | — | — | — | 240K | $4M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
