CIK: 0001577806
Total reported value
$894.1M
Reporting period: 2026-03-31 · Number of holdings: 6
SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. disclosed 6 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $894.1M and a quarterly turnover rate of 52.2%.
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Squadra Investments - Gestao De Recursos Ltda.'s disclosed holdings carry a Herfindahl concentration index of 0.304 — mathematically equivalent to about 3 equally-sized positions, well below its 6 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.99), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 20.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Add STNE
+435.5% $75.7M
Trim XPEV
-18.4% -$4.0M
Add MELI
+126.3% $170.3M
Trim G4R20B107
+1.1% -$2.7M
Trim NU
+82.8% $116.3M
New buy VALE
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MELI | Mercadolibre INC | Stock-Consumer Disc | 39.24% | +5.47% | +126.34% | |
| 2 | NU | Nu Holdings Ltd. | Stock-Financials | 35.86% | -2.35% | +82.79% | |
| 3 | STNE | StoneCo Ltd. | Stock-Other | 10.52% | +7.08% | +435.46% | |
| 4 | XPEV | Xp INC Class A | Stock-Other | 8.32% | -6.35% | -18.45% | |
| 5 | ✓ | Inter And Co INC Cl A | Stock-Other | 5.63% | -4.29% | +1.08% | |
| 6 | VALE | Vale Sa-sp Adr | Stock-Materials | 0.43% | +0.43% | NEW |
Performance for Q3 2026
-2.8%
Performance Last 4 Quarters
+19.8%
Based on 86% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 6 | $894.1M | 52 | |
| 2025-12-31 | 6 | $534.8M | 61 | |
| 2025-09-30 | 6 | $448.1M | 80 | |
| 2025-06-30 | 7 | $426.5M | 0 | |
| 2025-03-31 | 3 | $272.3M | 100 | |
| 2024-12-31 | 3 | $211.8M | 0 | |
| 2024-09-30 | 7 | $510.8M | 0 | |
| 2024-06-30 | 5 | $480.8M | 0 | |
| 2024-03-31 | 3 | $650.8M | 0 | |
| 2023-12-31 | 3 | $483.8M | 0 | |
| 2023-09-30 | 3 | $306.1M | 0 | |
| 2023-06-30 | 3 | $414.4M | 0 | |
| 2023-03-31 | 10 | $357.8M | 0 | |
| 2022-12-31 | 10 | $292.5M | 0 | |
| 2022-09-30 | 15 | $484.8M | 0 | |
| 2022-06-30 | 10 | $392.4M | 0 | |
| 2022-03-31 | 13 | $392.0M | 0 | |
| 2021-12-31 | 8 | $186.2M | 0 | |
| 2021-09-30 | 11 | $245.5M | 0 | |
| 2021-06-30 | 8 | $420.0M | 58 | |
| 2021-03-31 | 5 | $246.9M | 14 | |
| 2020-12-31 | 5 | $284.7M | 26 | |
| 2020-09-30 | 3 | $249.1M | 79 | |
| 2020-06-30 | 2 | $109.4M | 85 | |
| 2020-03-31 | 2 | $44.2M | 100 | |
| 2019-12-31 | 3 | $291.7M | 100 | |
| 2016-09-30 | 5 | $198.4M | 42 | |
| 2016-06-30 | 8 | $151.1M | 86 | |
| 2016-03-31 | 7 | $83.0M | 78 | |
| 2015-12-31 | 8 | $113.9M | 87 | |
| 2015-09-30 | 6 | $46.3M | 84 | |
| 2015-06-30 | 4 | $56.4M | 77 | |
| 2015-03-31 | 3 | $25.1M | 100 | |
| 2014-12-31 | 2 | $118.8M | 0 | 1BUD2464287 |
Squadra Investments - Gestao De Recursos Ltda.'s most significant position changes for 2026-03-31: New buy: Vale Sa-sp Adr (VALE); Add: StoneCo Ltd. (STNE) — shares +435.46%; Trim: Xp INC Class A (XPEV) — shares -18.45%; Add: Mercadolibre INC (MELI) — shares +126.34%; Add: Inter And Co INC Cl A — shares +1.08%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | STNE | StoneCo Ltd. | +7.1% | +435.46% | Add |
| 2 | MELI | Mercadolibre INC | +5.5% | +126.34% | Add |
| 3 | NU | Nu Holdings Ltd. | -2.4% | +82.79% | Add |
| 4 | ✓ | Inter And Co INC Cl A | -4.3% | +1.08% | Add |
| 5 | XPEV | Xp INC Class A | -6.4% | -18.45% | Trim |
| 6 | VALE | Vale Sa-sp Adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 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 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-17 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-24 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
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