CIK 1876477
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2022-Q2. 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 |
|---|---|---|
| Capital Markets | 57.58% | 1 |
| Commercial Services & Supplies | 32.53% | 1 |
| Unclassified | 2.60% | 1 |
| Banks | 2.58% | 1 |
| Utilities | 2.45% | 2 |
| Specialty Retail | 1.30% | 1 |
| Oil, Gas & Consumable Fuels | 0.98% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | XP | XP CLASS A INC | Financials | 57.58% |
| 2 | MELI | MERCADOLIBRE INC | Industrials | 32.53% |
| 3 | VTEX | VTEX | Unclassified | 2.60% |
| 4 | ITUB | Itau Unibanco Holding S.A. | Financials | 2.58% |
| 5 | AXIA | AXIA Energia S.A. | Utilities | 2.07% |
| 6 | CSAN | Cosan S.A. | Consumer Discretionary | 1.30% |
| 7 | PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | 0.98% |
| 8 | SBS | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP | Utilities | 0.37% |
7/8 names classified · sector 97.4% of weight · industry 97.4% · mkt cap 32.5%; 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: 97.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 33% of book weight classified — the grid is NOT representative of the whole book.
Classified: 32.5% of book weight (1/8 names) · unclassified 67.5%: XP, VTEX, ITUB, AXIA, CSAN, PBR, SBS. 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 | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | XPXP INC | 1,116,635 | $21M | 57.6% | TRIM −13% |
| 2 | MELIMERCADOLIBRE INC | 14,489 | $12M | 32.5% | TRIM −11% |
| 3 | VTEXVTEX | 258,467 | $957,000 | 2.6% | TRIM −3% |
| 4 | ITUBITAU UNIBANCO HLDG S A | 183,832 | $950,000 | 2.6% | TRIM −12% |
| 5 | AXIACENTRAIS ELET BRAS SA | 95,184 | $765,000 | 2.1% | ADD 77% |
| 6 | CSANCOSAN S A | 37,082 | $478,000 | 1.3% | TRIM −12% |
| 7 | PBRPETROLEO BRASILEIRO S A | 32,479 | $361,000 | 1.0% | ADD 135% |
| 8 | SBSCOMPANHIA DE SANEAMENTO BASI | 15,000 | $137,000 | 0.4% | NEW |
Where this firm's principals came from and which firms its alumni went on to found.
