Kapitalo Investimentos Ltda 13F Holdings Overview (57 Positions)

CIK: 0001798686

Diversified strategyHigh-turnover traderQuality / disciplined sizing

Total reported value

$531.5M

Reporting period: 2026-03-31 · Number of holdings: 57

Kapitalo Investimentos Ltda disclosed 57 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $531.5M and a quarterly turnover rate of 114.0%.

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Personality snowflake

Concentration: 20.12
Portfolio Stability: 100
Momentum/Contrarian: 42.94
Sector conviction: 47.01
Diversification: 100
Sizing Uniformity: 87.57

Kapitalo Investimentos Ltda's disclosed holdings carry a Herfindahl concentration index of 0.050 — mathematically equivalent to about 20 equally-sized positions, well below its 57 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 1.24), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 68% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim AMZN
-21.8%　-$79.3M
Trim KVUE
-97.2%　-$33.5M
Add EA
+122.0%　$23.8M
Trim MSFT
-45.7%　-$20.2M
Add VST
+107.5%　$15.8M
Trim META
-22.3%　-$12.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 50 holdings (of 57 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMZN	Amazon.com INC	Stock-Consumer Disc	9.62%	-15.33%	-21.78%
2	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	8.51%	+8.51%	NEW
3	EA	Electronic Arts INC	Stock-Comm Services	8.18%	+4.42%	+121.95%
4	NVDA	Nvidia CORP	Stock-Tech	7.53%	+7.53%	NEW
5	VST	Vistra CORP	Stock-Utilities	6.16%	+2.92%	+107.46%
6	GTLS	Chart Industries INC	Stock-Industrials	5.58%	+5.58%	NEW
7	ERO	Ero Copper CORP	Stock-Other	5.40%	-0.43%	—
8	META	Meta Platforms Inc-class A	Stock-Comm Services	4.74%	-2.42%	-22.33%
9	HO1	Hologic INC	Stock-Other	4.03%	+4.03%	NEW
10	AES	Aes CORP	Stock-Utilities	3.75%	+3.75%	NEW
11	TECK	Teck Resources Ltd-cls B	Stock-Materials	3.44%	+0.66%	+16.51%
12	MSFT	Microsoft CORP	Stock-Tech	2.70%	-3.91%	-45.73%
13	RIO	Rio Tinto Plc-spon Adr	Stock-Materials	2.24%	+0.28%	—
14	YPF	Ypf S.a.-sponsored Adr	Stock-Other	2.24%	+0.46%	+0.22%
15	WBD	Warner Bros Discovery INC	Stock-Comm Services	2.24%	+2.24%	NEW
16	SUZ	Suzano SA - Spon Adr	Stock-Other	2.06%	+0.66%	+39.55%
17	VALE	Vale Sa-sp Adr	Stock-Materials	1.97%	+1.97%	NEW
18	NU	Nu Holdings Ltd.	Stock-Financials	1.88%	+1.88%	NEW
19	GGB	Gerdau SA -spon Adr	Stock-Other	1.81%	+1.81%	NEW
20	EMBJ	Embraer Sa-spon Adr	Stock-Industrials	1.46%	+0.24%	+32.03%
21	CWAN	Clearwater Analytics Holdings, Inc.	Stock-Tech	1.44%	+1.44%	NEW
22	DBRG	Digitalbridge Group INC	Stock-Financials	1.31%	+1.31%	NEW
23	ECH	Ishares Msci Chile ETF	ETF-Other	1.19%	+1.19%	NEW
24	✓	Csg Systems International In	Stock-Other	1.16%	+1.16%	NEW
25	SBS	Cia Saneamento Basico De-adr	Stock-Other	0.97%	+0.97%	NEW
26	UGP	Ultrapar Particpac-spon Adr	Stock-Other	0.95%	+0.32%	+4.64%
27	XPEV	Xp INC Class A	Stock-Other	0.81%	—	—
28	LOMA	Loma Negra Cia Ind-spon Adr	Stock-Other	0.79%	—	-0.59%
29	BHF	Brighthouse Financial INC	Stock-Financials	0.76%	+0.76%	NEW
30	WBS	Webster Financial CORP	Stock-Financials	0.68%	+0.68%	NEW
31	FXI	Ishares China Large-cap ETF	ETF-Emerging Markets	0.54%	—	+1158.03%
32	EVEX	Eve Holding INC	Stock-Other	0.51%	-0.33%	—
33	PBR	Petroleo Brasileiro-spon Adr	Stock-Energy	0.44%	+0.44%	NEW
34	EPU	Ishares Msci Peru And Global	ETF-Other	0.41%	+0.41%	NEW
35	AXIA	Axia Energia-adr	Stock-Other	0.40%	+0.27%	+146.92%
36	VIV	Telefonica Brasil-adr	Stock-Other	0.37%	-0.44%	-65.17%
37	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.30%	—	-37.58%
38	SLAB	Silicon Laboratories INC	Stock-Tech	0.27%	+0.27%	NEW
39	AAPL	Apple INC	Stock-Tech	0.21%	+0.21%	NEW
40	DELL	Dell Technologies -c	Stock-Tech	0.19%	+0.19%	NEW
41	KVUE	Kenvue INC	Stock-Consumer Staples	0.18%	-6.42%	-97.20%
42	ACLXGBX	Arcellx INC	Stock-Other	0.17%	+0.17%	NEW
43	SE	Sea Ltd-adr	Stock-Comm Services	0.07%	—	—
44	BKNG	Booking Holdings INC	Stock-Consumer Disc	0.06%	—	—
45	V	Visa Inc-class A Shares	Stock-Financials	0.06%	-0.66%	-90.02%
46	SPGI	S&p Global INC	Stock-Financials	0.06%	—	—
47	MA	Mastercard INC - A	Stock-Financials	0.06%	-0.61%	-89.86%
48	DIS	Walt Disney Co/the	Stock-Comm Services	0.06%	-0.65%	-90.19%
49	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.05%	—	—
50	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	—	—	—

Portfolio Performance

Performance for Q3 2026

-0.9%

Performance Last 4 Quarters

+12.1%

Based on 62% of reported portfolio value with available pricing

Stdev: +15.2%
Beta: +0.87
Alpha: +1.5%
Max Drawdown: -7.1%
Annualized Perf: +14.5%
Batting Avg vs S&P: +50%
Sortino: +2.2
Stutzer: +0.29
Treynor: +0.17
Sterling: +0.87
Calmar: +2.04
Information Ratio: -0.06
Tracking Error: +8.4%
Stdev Down: +6.7%
Winning Months %: +54.2%
Losing Months %: +45.8%
Best 12 Months: +36.9%
Worst 12 Months: +12.1%
Efficiency Ratio: +0.35
Sharpe: +0.97
Stdev Sectors: +7.1%
Skewness: +0.53
Kurtosis: -1.09
Upside Potential: +4.43

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	57	$531.5M	100	1AMZN 2IVV 3EA Top holdings2026-03-31 1.AMZN 2.IVV 3.EA 4.NVDA 5.VST 6.GTLS 7.ERO 8.META 9.HO1 10.AES
2025-12-31	37	$522.5M	63	1AMZN 2KWEB 3KRE Top holdings2025-12-31 1.AMZN 2.KWEB 3.KRE 4.META 5.MSFT 6.KVUE 7.ERO 8.EA 9.VST 10.TECK
2025-09-30	64	$537.1M	100	1KRE 2AMZN 3KWEB Top holdings2025-09-30 1.KRE 2.AMZN 3.KWEB 4.MSFT 5.KVUE 6.TSM 7.ERO 8.NXE 9.TECK 10.KEL
2025-06-30	119	$461.4M	0	1AMZN 2HES 3KWEB Top holdings2025-06-30 1.AMZN 2.HES 3.KWEB 4.VRT 5.TSM 6.NOC 7.LMT 8.CRM 9.AEBA 10.TECK
2025-03-31	84	$493.2M	0	1AMZN 2HES 3VST Top holdings2025-03-31 1.AMZN 2.HES 3.VST 4.TSM 5.KWEB 6.KBE 7.TECK 8.FXI 9.VRT 10.GOOGL
2024-12-31	274	$149.5M	0	1HES 2RIO 3DIS Top holdings2024-12-31 1.HES 2.RIO 3.DIS 4.MSFT 5.AEBA 6.ACI 7.ERO 8.SUZ 9.EVEX 10.XPEV
2024-09-30	160	$410.2M	0	1FXI 2TECK 3SUZ Top holdings2024-09-30 1.FXI 2.TECK 3.SUZ 4.HES 5.KWEB 6.AXNX* 7.RIO 8.MUB 9.AMZN 10.HCP2EUR
2024-06-30	164	$333.6M	0	1FXI 2TECK 3HES Top holdings2024-06-30 1.FXI 2.TECK 3.HES 4.AXNX* 5.RIO 6.CHTR 7.MA 8.SUZ 9.KWEB 10.TLT
2024-03-31	259	$455.7M	0	1PXDEUR 2TECK 3FXI Top holdings2024-03-31 1.PXDEUR 2.TECK 3.FXI 4.HES 5.AXNX* 6.URA 7.CPRI 8.RIO 9.SBS 10.KWEB
2023-12-31	525	$484.6M	0	1FXI 2URA 3TECK Top holdings2023-12-31 1.FXI 2.URA 3.TECK 4.MUB 5.RIO 6.P5Y 7.HYG 8.SBS 9.KWEB 10.CPRI
2023-09-30	530	$735.9M	0	1ATVIEUR 2EWZ 3FXI Top holdings2023-09-30 1.ATVIEUR 2.EWZ 3.FXI 4.G46188 5.URA 6.VUG 7.TECK 8.MSFT 9.RIO 10.PM
2023-06-30	457	$538.1M	—	1EWZ 2FXI3G46188 Top holdings2023-06-30 1.EWZ 2.FXI 3.G46188 4.ATVIEUR 5.TECK 6.HYG 7.SCHW 8.PM 9.DG 10.DEO
2023-03-31	412	$305.6M	—	1VUG 2FXI3G46188 Top holdings2023-03-31 1.VUG 2.FXI 3.G46188 4.MUB 5.AJRDEUR 6.TXNM 7.HYG 8.EMB 9.KSA 10.ACI
2022-12-31	182	$133.4M	—	1AMZN 2MBB 3FXI Top holdings2022-12-31 1.AMZN 2.MBB 3.FXI 4.SGML 5.ARB 6.TRU 7.MU 8.XLE 9.GOOGL 10.XPEV
2022-09-30	37	$241.6M	—	1EWZ 2XLE 3SGML Top holdings2022-09-30 1.EWZ 2.XLE 3.SGML 4.MSFT 5.BKNG 6.MU 7.XPEV 8.SUZ 9.TRU 10.MA
2022-06-30	37	$155.9M	—	1LI 2XLE 3GFS Top holdings2022-06-30 1.LI 2.XLE 3.GFS 4.FXI 5.ELME 6.KWEB 7.MU 8.MSFT 9.MA 10.PBR
2022-03-31	39	$95.0M	—	1MSFT 2V 3ELME Top holdings2022-03-31 1.MSFT 2.V 3.ELME 4.SGML 5.CCJ 6.XPEV 7.FXI 8.KWEB 9.TX 10.XOP
2021-12-31	34	$86.8M	—	1XPEV 2SUZ 3MA Top holdings2021-12-31 1.XPEV 2.SUZ 3.MA 4.META 5.MSFT 6.TX 7.V 8.LOMA 9.XOP 10.WDAY
2021-09-30	44	$188.4M	—	1XPEV 2XLE 3KWEB Top holdings2021-09-30 1.XPEV 2.XLE 3.KWEB 4.MA 5.SU 6.MSFT 7.XLF 8.KSUEUR 9.SUZ 10.V
2021-06-30	36	$217.6M	—	1XPEV 2LAUR 3KWEB Top holdings2021-06-30 1.XPEV 2.LAUR 3.KWEB 4.MSFT 5.META 6.XLE 7.HYG 8.MELI 9.68269G 10.V
2021-03-31	26	$91.0M	—	1KWEB 2META 3HYG Top holdings2021-03-31 1.KWEB 2.META 3.HYG 4.MSFT 5.APOEUR 6.BABA 7.Y71726 8.XLF 9.V 10.CRM
2020-12-31	18	$184.9M	—	1XPEV 2TT 3TEN Top holdings2020-12-31 1.XPEV 2.TT 3.TEN 4.MSFT 5.META 6.SLB 7.GLD 8.V 9.EAFEUR 10.78464A
2020-09-30	15	$105.6M	—	1XPEV 2FBP 3META Top holdings2020-09-30 1.XPEV 2.FBP 3.META 4.BKNG 5.MU 6.BABA 7.EWW 8.MA 9.LOMA 10.FRO
2020-06-30	17	$133.1M	—	1XPEV 2EWW 3BABA Top holdings2020-06-30 1.XPEV 2.EWW 3.BABA 4.BRK-B 5.EWZ 6.BKNG 7.V 8.MA 9.MU 10.VOD
2020-03-31	15	$39.0M	—	1XPEV 2LTM1GBP 3BABA Top holdings2020-03-31 1.XPEV 2.LTM1GBP 3.BABA 4.MELI 5.EFA 6.VALE 7.LOMA 8.META 9.G27358 10.PSX
2019-12-31	18	$225.3M	—	1CCL1EUR 2XPEV 3BABA Top holdings2019-12-31 1.CCL1EUR 2.XPEV 3.BABA 4.MU 5.EEM 6.HES 7.LOMA 8.05501U 9.464286 10.ABEV
2019-09-30	33	$194.1M	—	1EWZ 2BKNG 3CCL1EUR Top holdings2019-09-30 1.EWZ 2.BKNG 3.CCL1EUR 4.MU 5.PAGS 6.VALE 7.PBR-A 8.VOD 9.LOMA 10.G27358
2019-06-30	23	$107.1M	—	1GLD 2BKNG 3MU Top holdings2019-06-30 1.GLD 2.BKNG 3.MU 4.PAGS 5.MELI 6.464286 7.PBR-A 8.ITUB 9.BSBR 10.EMBJ
2019-03-31	18	$173.7M	—	1EWZ2G687073BKNG Top holdings2019-03-31 1.EWZ 2.G68707 3.BKNG 4.PAGS 5.GLD 6.LOMA 7.VOD 8.VOO 9.464286
2018-12-31	12	$237.5M	—	1EWZ 2BKNG 3GS Top holdings2018-12-31 1.EWZ 2.BKNG 3.GS 4.LOMA 5.GLD 6.GLD 7.TLT 8.464286 9.ABEV 10.GOOGL

Holding changes this quarter

Kapitalo Investimentos Ltda's most significant position changes for 2026-03-31: Sold out: Kranesh Csi China Internet (KWEB); Sold out: Ss Spdr S&p Regional Bank (KRE); New buy: Ishares Core S&p 500 ETF (IVV); New buy: Nvidia CORP (NVDA); New buy: Chart Industries INC (GTLS).

Position changes disclosed by Kapitalo Investimentos Ltda for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EA	Electronic Arts INC	+4.4%	+121.95%	Add
2	VST	Vistra CORP	+2.9%	+107.46%	Add
3	TECK	Teck Resources Ltd-cls B	+0.7%	+16.51%	Add
4	SUZ	Suzano SA - Spon Adr	+0.7%	+39.55%	Add
5	YPF	Ypf S.a.-sponsored Adr	+0.5%	+0.22%	Add
6	UGP	Ultrapar Particpac-spon Adr	+0.3%	+4.64%	Add
7	RIO	Rio Tinto Plc-spon Adr	+0.3%	—	Unchanged
8	AXIA	Axia Energia-adr	+0.3%	+146.92%	Add
9	EMBJ	Embraer Sa-spon Adr	+0.2%	+32.03%	Add
10	EVEX	Eve Holding INC	-0.3%	—	Unchanged
11	ERO	Ero Copper CORP	-0.4%	—	Unchanged
12	VIV	Telefonica Brasil-adr	-0.4%	-65.17%	Trim
13	MA	Mastercard INC - A	-0.6%	-89.86%	Trim
14	DIS	Walt Disney Co/the	-0.7%	-90.19%	Trim
15	V	Visa Inc-class A Shares	-0.7%	-90.02%	Trim
16	META	Meta Platforms Inc-class A	-2.4%	-22.33%	Trim
17	MSFT	Microsoft CORP	-3.9%	-45.73%	Trim
18	KVUE	Kenvue INC	-6.4%	-97.20%	Trim
19	AMZN	Amazon.com INC	-15.3%	-21.78%	Trim
20	KWEB	Kranesh Csi China Internet	—	EXIT	Sold out
21	KRE	Ss Spdr S&p Regional Bank	—	EXIT	Sold out
22	IVV	Ishares Core S&p 500 ETF	—	NEW	New buy
23	NVDA	Nvidia CORP	—	NEW	New buy
24	GTLS	Chart Industries INC	—	NEW	New buy
25	HO1	Hologic INC	—	NEW	New buy
26	AES	Aes CORP	—	NEW	New buy
27	WBD	Warner Bros Discovery INC	—	NEW	New buy
28	VALE	Vale Sa-sp Adr	—	NEW	New buy
29	NU	Nu Holdings Ltd.	—	NEW	New buy
30	GGB	Gerdau SA -spon Adr	—	NEW	New buy
31	CWAN	Clearwater Analytics Holdings, Inc.	—	NEW	New buy
32	DBRG	Digitalbridge Group INC	—	NEW	New buy
33	EXK	Exact Sciences CORP	—	EXIT	Sold out
34	ECH	Ishares Msci Chile ETF	—	NEW	New buy
35	✓	Csg Systems International In	—	NEW	New buy
36	SBS	Cia Saneamento Basico De-adr	—	NEW	New buy
37	BHF	Brighthouse Financial INC	—	NEW	New buy
38	WBS	Webster Financial CORP	—	NEW	New buy
39	TGNA	Tegna INC	—	EXIT	Sold out
40	UNH	Unitedhealth Group INC	—	EXIT	Sold out
41	TEAM	Atlassian Corp-cl A	—	EXIT	Sold out
42	DAY	Dayforce INC	—	EXIT	Sold out
43	TXNM	Txnm Energy INC	—	EXIT	Sold out
44	PBR	Petroleo Brasileiro-spon Adr	—	NEW	New buy
45	EPU	Ishares Msci Peru And Global	—	NEW	New buy
46	ABEV	Ambev Sa-adr	—	EXIT	Sold out
47	SLAB	Silicon Laboratories INC	—	NEW	New buy
48	AAPL	Apple INC	—	NEW	New buy
49	DELL	Dell Technologies -c	—	NEW	New buy
50	ACLXGBX	Arcellx INC	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-07	13F-HR	View on EDGAR
2025-12-31	2026-01-28	13F-HR	View on EDGAR
2025-09-30	2025-11-03	13F-HR	View on EDGAR
2025-06-30	2025-07-14	13F-HR	View on EDGAR
2025-03-31	2025-05-07	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-10-15	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-03-29	13F-HR	View on EDGAR
2023-09-30	2024-03-29	13F-HR	View on EDGAR
2023-06-30	2024-03-29	13F-HR	View on EDGAR
2023-03-31	2024-03-29	13F-HR	View on EDGAR
2022-12-31	2024-03-29	13F-HR	View on EDGAR
2022-09-30	2024-03-29	13F-HR	View on EDGAR
2022-06-30	2024-03-29	13F-HR	View on EDGAR
2022-03-31	2024-03-29	13F-HR	View on EDGAR
2021-12-31	2024-03-28	13F-HR	View on EDGAR
2021-09-30	2024-03-28	13F-HR	View on EDGAR
2021-06-30	2024-03-28	13F-HR	View on EDGAR
2021-03-31	2024-03-28	13F-HR	View on EDGAR
2020-12-31	2024-03-28	13F-HR	View on EDGAR
2020-09-30	2024-03-28	13F-HR	View on EDGAR
2020-06-30	2024-03-28	13F-HR	View on EDGAR
2020-03-31	2024-03-28	13F-HR	View on EDGAR
2019-12-31	2024-03-28	13F-HR	View on EDGAR
2019-09-30	2024-03-28	13F-HR	View on EDGAR
2019-06-30	2024-03-28	13F-HR	View on EDGAR
2019-03-31	2024-03-28	13F-HR	View on EDGAR
2018-12-31	2024-03-28	13F-HR	View on EDGAR

FAQ

What is Kapitalo Investimentos Ltda and what type of investor is it?

Kapitalo Investimentos Ltda is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $531.5M, spread across 57 disclosed positions.

What are Kapitalo Investimentos Ltda's largest equity positions?

Based on the latest 13F filing, Kapitalo Investimentos Ltda's top holdings by market value are: 1. Amazon.com INC (AMZN) — $51.1M (9.6%) 2. Ishares Core S&p 500 ETF (IVV) — $45.2M (8.5%) 3. Electronic Arts INC (EA) — $43.5M (8.2%) 4. Nvidia CORP (NVDA) — $40.0M (7.5%) 5. Vistra CORP (VST) — $32.7M (6.2%)

What changes did Kapitalo Investimentos Ltda make in its most recent portfolio filing?

In the latest reported quarter, Kapitalo Investimentos Ltda made 47 notable position adjustments: 22 new positions were initiated, 8 existing holdings were added to, 8 positions were partially reduced, and 9 were completely exited. The largest of these moves: Sold out: Kranesh Csi China Internet (KWEB); Sold out: Ss Spdr S&p Regional Bank (KRE); New buy: Ishares Core S&p 500 ETF (IVV); New buy: Nvidia CORP (NVDA); New buy: Chart Industries INC (GTLS)

What sectors does Kapitalo Investimentos Ltda focus on?

Kapitalo Investimentos Ltda is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 22.6% • Information Technology: 18.7% • Utilities: 14.7% • Consumer Discretionary: 14.3% • Materials: 11.3% • Industrials: 10.4%

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Kapitalo Investimentos Ltda 13F Holdings Overview (57 Positions)

CIK: 0001798686

Diversified strategyHigh-turnover traderQuality / disciplined sizing

Total reported value

$531.5M

Reporting period: 2026-03-31 · Number of holdings: 57

Kapitalo Investimentos Ltda disclosed 57 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $531.5M and a quarterly turnover rate of 114.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "K"

Personality snowflake

Concentration: 20.12
Portfolio Stability: 100
Momentum/Contrarian: 42.94
Sector conviction: 47.01
Diversification: 100
Sizing Uniformity: 87.57

Position sizes vary widely across the portfolio (a coefficient of variation of 1.24), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim AMZN
-21.8%　-$79.3M
Trim KVUE
-97.2%　-$33.5M
Add EA
+122.0%　$23.8M
Trim MSFT
-45.7%　-$20.2M
Add VST
+107.5%　$15.8M
Trim META
-22.3%　-$12.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 50 holdings (of 57 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMZN	Amazon.com INC	Stock-Consumer Disc	9.62%	-15.33%	-21.78%
2	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	8.51%	+8.51%	NEW
3	EA	Electronic Arts INC	Stock-Comm Services	8.18%	+4.42%	+121.95%
4	NVDA	Nvidia CORP	Stock-Tech	7.53%	+7.53%	NEW
5	VST	Vistra CORP	Stock-Utilities	6.16%	+2.92%	+107.46%
6	GTLS	Chart Industries INC	Stock-Industrials	5.58%	+5.58%	NEW
7	ERO	Ero Copper CORP	Stock-Other	5.40%	-0.43%	—
8	META	Meta Platforms Inc-class A	Stock-Comm Services	4.74%	-2.42%	-22.33%
9	HO1	Hologic INC	Stock-Other	4.03%	+4.03%	NEW
10	AES	Aes CORP	Stock-Utilities	3.75%	+3.75%	NEW
11	TECK	Teck Resources Ltd-cls B	Stock-Materials	3.44%	+0.66%	+16.51%
12	MSFT	Microsoft CORP	Stock-Tech	2.70%	-3.91%	-45.73%
13	RIO	Rio Tinto Plc-spon Adr	Stock-Materials	2.24%	+0.28%	—
14	YPF	Ypf S.a.-sponsored Adr	Stock-Other	2.24%	+0.46%	+0.22%
15	WBD	Warner Bros Discovery INC	Stock-Comm Services	2.24%	+2.24%	NEW
16	SUZ	Suzano SA - Spon Adr	Stock-Other	2.06%	+0.66%	+39.55%
17	VALE	Vale Sa-sp Adr	Stock-Materials	1.97%	+1.97%	NEW
18	NU	Nu Holdings Ltd.	Stock-Financials	1.88%	+1.88%	NEW
19	GGB	Gerdau SA -spon Adr	Stock-Other	1.81%	+1.81%	NEW
20	EMBJ	Embraer Sa-spon Adr	Stock-Industrials	1.46%	+0.24%	+32.03%
21	CWAN	Clearwater Analytics Holdings, Inc.	Stock-Tech	1.44%	+1.44%	NEW
22	DBRG	Digitalbridge Group INC	Stock-Financials	1.31%	+1.31%	NEW
23	ECH	Ishares Msci Chile ETF	ETF-Other	1.19%	+1.19%	NEW
24	✓	Csg Systems International In	Stock-Other	1.16%	+1.16%	NEW
25	SBS	Cia Saneamento Basico De-adr	Stock-Other	0.97%	+0.97%	NEW
26	UGP	Ultrapar Particpac-spon Adr	Stock-Other	0.95%	+0.32%	+4.64%
27	XPEV	Xp INC Class A	Stock-Other	0.81%	—	—
28	LOMA	Loma Negra Cia Ind-spon Adr	Stock-Other	0.79%	—	-0.59%
29	BHF	Brighthouse Financial INC	Stock-Financials	0.76%	+0.76%	NEW
30	WBS	Webster Financial CORP	Stock-Financials	0.68%	+0.68%	NEW
31	FXI	Ishares China Large-cap ETF	ETF-Emerging Markets	0.54%	—	+1158.03%
32	EVEX	Eve Holding INC	Stock-Other	0.51%	-0.33%	—
33	PBR	Petroleo Brasileiro-spon Adr	Stock-Energy	0.44%	+0.44%	NEW
34	EPU	Ishares Msci Peru And Global	ETF-Other	0.41%	+0.41%	NEW
35	AXIA	Axia Energia-adr	Stock-Other	0.40%	+0.27%	+146.92%
36	VIV	Telefonica Brasil-adr	Stock-Other	0.37%	-0.44%	-65.17%
37	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.30%	—	-37.58%
38	SLAB	Silicon Laboratories INC	Stock-Tech	0.27%	+0.27%	NEW
39	AAPL	Apple INC	Stock-Tech	0.21%	+0.21%	NEW
40	DELL	Dell Technologies -c	Stock-Tech	0.19%	+0.19%	NEW
41	KVUE	Kenvue INC	Stock-Consumer Staples	0.18%	-6.42%	-97.20%
42	ACLXGBX	Arcellx INC	Stock-Other	0.17%	+0.17%	NEW
43	SE	Sea Ltd-adr	Stock-Comm Services	0.07%	—	—
44	BKNG	Booking Holdings INC	Stock-Consumer Disc	0.06%	—	—
45	V	Visa Inc-class A Shares	Stock-Financials	0.06%	-0.66%	-90.02%
46	SPGI	S&p Global INC	Stock-Financials	0.06%	—	—
47	MA	Mastercard INC - A	Stock-Financials	0.06%	-0.61%	-89.86%
48	DIS	Walt Disney Co/the	Stock-Comm Services	0.06%	-0.65%	-90.19%
49	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.05%	—	—
50	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	—	—	—

Portfolio Performance

Performance for Q3 2026

-0.9%

Performance Last 4 Quarters

+12.1%

Based on 62% of reported portfolio value with available pricing

Stdev: +15.2%
Beta: +0.87
Alpha: +1.5%
Max Drawdown: -7.1%
Annualized Perf: +14.5%
Batting Avg vs S&P: +50%
Sortino: +2.2
Stutzer: +0.29
Treynor: +0.17
Sterling: +0.87
Calmar: +2.04
Information Ratio: -0.06
Tracking Error: +8.4%
Stdev Down: +6.7%
Winning Months %: +54.2%
Losing Months %: +45.8%
Best 12 Months: +36.9%
Worst 12 Months: +12.1%
Efficiency Ratio: +0.35
Sharpe: +0.97
Stdev Sectors: +7.1%
Skewness: +0.53
Kurtosis: -1.09
Upside Potential: +4.43

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	57	$531.5M	100	1AMZN 2IVV 3EA Top holdings2026-03-31 1.AMZN 2.IVV 3.EA 4.NVDA 5.VST 6.GTLS 7.ERO 8.META 9.HO1 10.AES
2025-12-31	37	$522.5M	63	1AMZN 2KWEB 3KRE Top holdings2025-12-31 1.AMZN 2.KWEB 3.KRE 4.META 5.MSFT 6.KVUE 7.ERO 8.EA 9.VST 10.TECK
2025-09-30	64	$537.1M	100	1KRE 2AMZN 3KWEB Top holdings2025-09-30 1.KRE 2.AMZN 3.KWEB 4.MSFT 5.KVUE 6.TSM 7.ERO 8.NXE 9.TECK 10.KEL
2025-06-30	119	$461.4M	0	1AMZN 2HES 3KWEB Top holdings2025-06-30 1.AMZN 2.HES 3.KWEB 4.VRT 5.TSM 6.NOC 7.LMT 8.CRM 9.AEBA 10.TECK
2025-03-31	84	$493.2M	0	1AMZN 2HES 3VST Top holdings2025-03-31 1.AMZN 2.HES 3.VST 4.TSM 5.KWEB 6.KBE 7.TECK 8.FXI 9.VRT 10.GOOGL
2024-12-31	274	$149.5M	0	1HES 2RIO 3DIS Top holdings2024-12-31 1.HES 2.RIO 3.DIS 4.MSFT 5.AEBA 6.ACI 7.ERO 8.SUZ 9.EVEX 10.XPEV
2024-09-30	160	$410.2M	0	1FXI 2TECK 3SUZ Top holdings2024-09-30 1.FXI 2.TECK 3.SUZ 4.HES 5.KWEB 6.AXNX* 7.RIO 8.MUB 9.AMZN 10.HCP2EUR
2024-06-30	164	$333.6M	0	1FXI 2TECK 3HES Top holdings2024-06-30 1.FXI 2.TECK 3.HES 4.AXNX* 5.RIO 6.CHTR 7.MA 8.SUZ 9.KWEB 10.TLT
2024-03-31	259	$455.7M	0	1PXDEUR 2TECK 3FXI Top holdings2024-03-31 1.PXDEUR 2.TECK 3.FXI 4.HES 5.AXNX* 6.URA 7.CPRI 8.RIO 9.SBS 10.KWEB
2023-12-31	525	$484.6M	0	1FXI 2URA 3TECK Top holdings2023-12-31 1.FXI 2.URA 3.TECK 4.MUB 5.RIO 6.P5Y 7.HYG 8.SBS 9.KWEB 10.CPRI
2023-09-30	530	$735.9M	0	1ATVIEUR 2EWZ 3FXI Top holdings2023-09-30 1.ATVIEUR 2.EWZ 3.FXI 4.G46188 5.URA 6.VUG 7.TECK 8.MSFT 9.RIO 10.PM
2023-06-30	457	$538.1M	—	1EWZ 2FXI3G46188 Top holdings2023-06-30 1.EWZ 2.FXI 3.G46188 4.ATVIEUR 5.TECK 6.HYG 7.SCHW 8.PM 9.DG 10.DEO
2023-03-31	412	$305.6M	—	1VUG 2FXI3G46188 Top holdings2023-03-31 1.VUG 2.FXI 3.G46188 4.MUB 5.AJRDEUR 6.TXNM 7.HYG 8.EMB 9.KSA 10.ACI
2022-12-31	182	$133.4M	—	1AMZN 2MBB 3FXI Top holdings2022-12-31 1.AMZN 2.MBB 3.FXI 4.SGML 5.ARB 6.TRU 7.MU 8.XLE 9.GOOGL 10.XPEV
2022-09-30	37	$241.6M	—	1EWZ 2XLE 3SGML Top holdings2022-09-30 1.EWZ 2.XLE 3.SGML 4.MSFT 5.BKNG 6.MU 7.XPEV 8.SUZ 9.TRU 10.MA
2022-06-30	37	$155.9M	—	1LI 2XLE 3GFS Top holdings2022-06-30 1.LI 2.XLE 3.GFS 4.FXI 5.ELME 6.KWEB 7.MU 8.MSFT 9.MA 10.PBR
2022-03-31	39	$95.0M	—	1MSFT 2V 3ELME Top holdings2022-03-31 1.MSFT 2.V 3.ELME 4.SGML 5.CCJ 6.XPEV 7.FXI 8.KWEB 9.TX 10.XOP
2021-12-31	34	$86.8M	—	1XPEV 2SUZ 3MA Top holdings2021-12-31 1.XPEV 2.SUZ 3.MA 4.META 5.MSFT 6.TX 7.V 8.LOMA 9.XOP 10.WDAY
2021-09-30	44	$188.4M	—	1XPEV 2XLE 3KWEB Top holdings2021-09-30 1.XPEV 2.XLE 3.KWEB 4.MA 5.SU 6.MSFT 7.XLF 8.KSUEUR 9.SUZ 10.V
2021-06-30	36	$217.6M	—	1XPEV 2LAUR 3KWEB Top holdings2021-06-30 1.XPEV 2.LAUR 3.KWEB 4.MSFT 5.META 6.XLE 7.HYG 8.MELI 9.68269G 10.V
2021-03-31	26	$91.0M	—	1KWEB 2META 3HYG Top holdings2021-03-31 1.KWEB 2.META 3.HYG 4.MSFT 5.APOEUR 6.BABA 7.Y71726 8.XLF 9.V 10.CRM
2020-12-31	18	$184.9M	—	1XPEV 2TT 3TEN Top holdings2020-12-31 1.XPEV 2.TT 3.TEN 4.MSFT 5.META 6.SLB 7.GLD 8.V 9.EAFEUR 10.78464A
2020-09-30	15	$105.6M	—	1XPEV 2FBP 3META Top holdings2020-09-30 1.XPEV 2.FBP 3.META 4.BKNG 5.MU 6.BABA 7.EWW 8.MA 9.LOMA 10.FRO
2020-06-30	17	$133.1M	—	1XPEV 2EWW 3BABA Top holdings2020-06-30 1.XPEV 2.EWW 3.BABA 4.BRK-B 5.EWZ 6.BKNG 7.V 8.MA 9.MU 10.VOD
2020-03-31	15	$39.0M	—	1XPEV 2LTM1GBP 3BABA Top holdings2020-03-31 1.XPEV 2.LTM1GBP 3.BABA 4.MELI 5.EFA 6.VALE 7.LOMA 8.META 9.G27358 10.PSX
2019-12-31	18	$225.3M	—	1CCL1EUR 2XPEV 3BABA Top holdings2019-12-31 1.CCL1EUR 2.XPEV 3.BABA 4.MU 5.EEM 6.HES 7.LOMA 8.05501U 9.464286 10.ABEV
2019-09-30	33	$194.1M	—	1EWZ 2BKNG 3CCL1EUR Top holdings2019-09-30 1.EWZ 2.BKNG 3.CCL1EUR 4.MU 5.PAGS 6.VALE 7.PBR-A 8.VOD 9.LOMA 10.G27358
2019-06-30	23	$107.1M	—	1GLD 2BKNG 3MU Top holdings2019-06-30 1.GLD 2.BKNG 3.MU 4.PAGS 5.MELI 6.464286 7.PBR-A 8.ITUB 9.BSBR 10.EMBJ
2019-03-31	18	$173.7M	—	1EWZ2G687073BKNG Top holdings2019-03-31 1.EWZ 2.G68707 3.BKNG 4.PAGS 5.GLD 6.LOMA 7.VOD 8.VOO 9.464286
2018-12-31	12	$237.5M	—	1EWZ 2BKNG 3GS Top holdings2018-12-31 1.EWZ 2.BKNG 3.GS 4.LOMA 5.GLD 6.GLD 7.TLT 8.464286 9.ABEV 10.GOOGL

Holding changes this quarter

Position changes disclosed by Kapitalo Investimentos Ltda for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EA	Electronic Arts INC	+4.4%	+121.95%	Add
2	VST	Vistra CORP	+2.9%	+107.46%	Add
3	TECK	Teck Resources Ltd-cls B	+0.7%	+16.51%	Add
4	SUZ	Suzano SA - Spon Adr	+0.7%	+39.55%	Add
5	YPF	Ypf S.a.-sponsored Adr	+0.5%	+0.22%	Add
6	UGP	Ultrapar Particpac-spon Adr	+0.3%	+4.64%	Add
7	RIO	Rio Tinto Plc-spon Adr	+0.3%	—	Unchanged
8	AXIA	Axia Energia-adr	+0.3%	+146.92%	Add
9	EMBJ	Embraer Sa-spon Adr	+0.2%	+32.03%	Add
10	EVEX	Eve Holding INC	-0.3%	—	Unchanged
11	ERO	Ero Copper CORP	-0.4%	—	Unchanged
12	VIV	Telefonica Brasil-adr	-0.4%	-65.17%	Trim
13	MA	Mastercard INC - A	-0.6%	-89.86%	Trim
14	DIS	Walt Disney Co/the	-0.7%	-90.19%	Trim
15	V	Visa Inc-class A Shares	-0.7%	-90.02%	Trim
16	META	Meta Platforms Inc-class A	-2.4%	-22.33%	Trim
17	MSFT	Microsoft CORP	-3.9%	-45.73%	Trim
18	KVUE	Kenvue INC	-6.4%	-97.20%	Trim
19	AMZN	Amazon.com INC	-15.3%	-21.78%	Trim
20	KWEB	Kranesh Csi China Internet	—	EXIT	Sold out
21	KRE	Ss Spdr S&p Regional Bank	—	EXIT	Sold out
22	IVV	Ishares Core S&p 500 ETF	—	NEW	New buy
23	NVDA	Nvidia CORP	—	NEW	New buy
24	GTLS	Chart Industries INC	—	NEW	New buy
25	HO1	Hologic INC	—	NEW	New buy
26	AES	Aes CORP	—	NEW	New buy
27	WBD	Warner Bros Discovery INC	—	NEW	New buy
28	VALE	Vale Sa-sp Adr	—	NEW	New buy
29	NU	Nu Holdings Ltd.	—	NEW	New buy
30	GGB	Gerdau SA -spon Adr	—	NEW	New buy
31	CWAN	Clearwater Analytics Holdings, Inc.	—	NEW	New buy
32	DBRG	Digitalbridge Group INC	—	NEW	New buy
33	EXK	Exact Sciences CORP	—	EXIT	Sold out
34	ECH	Ishares Msci Chile ETF	—	NEW	New buy
35	✓	Csg Systems International In	—	NEW	New buy
36	SBS	Cia Saneamento Basico De-adr	—	NEW	New buy
37	BHF	Brighthouse Financial INC	—	NEW	New buy
38	WBS	Webster Financial CORP	—	NEW	New buy
39	TGNA	Tegna INC	—	EXIT	Sold out
40	UNH	Unitedhealth Group INC	—	EXIT	Sold out
41	TEAM	Atlassian Corp-cl A	—	EXIT	Sold out
42	DAY	Dayforce INC	—	EXIT	Sold out
43	TXNM	Txnm Energy INC	—	EXIT	Sold out
44	PBR	Petroleo Brasileiro-spon Adr	—	NEW	New buy
45	EPU	Ishares Msci Peru And Global	—	NEW	New buy
46	ABEV	Ambev Sa-adr	—	EXIT	Sold out
47	SLAB	Silicon Laboratories INC	—	NEW	New buy
48	AAPL	Apple INC	—	NEW	New buy
49	DELL	Dell Technologies -c	—	NEW	New buy
50	ACLXGBX	Arcellx INC	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-07	13F-HR	View on EDGAR
2025-12-31	2026-01-28	13F-HR	View on EDGAR
2025-09-30	2025-11-03	13F-HR	View on EDGAR
2025-06-30	2025-07-14	13F-HR	View on EDGAR
2025-03-31	2025-05-07	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-10-15	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-03-29	13F-HR	View on EDGAR
2023-09-30	2024-03-29	13F-HR	View on EDGAR
2023-06-30	2024-03-29	13F-HR	View on EDGAR
2023-03-31	2024-03-29	13F-HR	View on EDGAR
2022-12-31	2024-03-29	13F-HR	View on EDGAR
2022-09-30	2024-03-29	13F-HR	View on EDGAR
2022-06-30	2024-03-29	13F-HR	View on EDGAR
2022-03-31	2024-03-29	13F-HR	View on EDGAR
2021-12-31	2024-03-28	13F-HR	View on EDGAR
2021-09-30	2024-03-28	13F-HR	View on EDGAR
2021-06-30	2024-03-28	13F-HR	View on EDGAR
2021-03-31	2024-03-28	13F-HR	View on EDGAR
2020-12-31	2024-03-28	13F-HR	View on EDGAR
2020-09-30	2024-03-28	13F-HR	View on EDGAR
2020-06-30	2024-03-28	13F-HR	View on EDGAR
2020-03-31	2024-03-28	13F-HR	View on EDGAR
2019-12-31	2024-03-28	13F-HR	View on EDGAR
2019-09-30	2024-03-28	13F-HR	View on EDGAR
2019-06-30	2024-03-28	13F-HR	View on EDGAR
2019-03-31	2024-03-28	13F-HR	View on EDGAR
2018-12-31	2024-03-28	13F-HR	View on EDGAR