Turim 21 Investimentos Ltda. — Q4 2025 13F Holdings

Name: Turim 21 Investimentos Ltda. — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001652174

Total reported value

$398.6M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	34.47%	-1.44%	-0.12%
2	EFA	Ishares Msci Eafe ETF	ETF-Other	16.39%	-16.39%	EXIT
3	VALE	Vale Sa-sp Adr	Stock-Materials	15.76%	-5.07%	—
4	SQQQ	ProShares UltraPro Short QQQ	Stock-Other	8.69%	-3.71%	-1.74%
5	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	5.67%	-5.55%	+12.77%
6	ERIC	Ericsson (lm) Tel-sp Adr	Stock-Tech	2.50%	-0.61%	—
7	EMXC	Ishares Msci Emr Mrk Ex Chna	ETF-Other	1.53%	-1.53%	EXIT
8	AMZN	Amazon.com INC	Stock-Consumer Disc	1.49%	+4.68%	-17.67%
9	MSFT	Microsoft CORP	Stock-Tech	1.20%	+4.12%	-28.84%
10	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	1.17%	-0.45%	—
11	BIL	Ss Spdr Bb 1-3m T-bill ETF	ETF-Gov Bonds	0.85%	—	-93.50%
12	XOP	Ss Spdr S&p Og Exp & Prod	ETF-Other	0.79%	-0.56%	-8.01%
13	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.75%	+4.66%	-67.36%
14	AAPL	Apple INC	Stock-Tech	0.75%	-0.31%	-0.27%
15	PXDEUR	Pioneer Natural Resources Co	Stock-Other	0.70%	-0.32%	+4.35%
16	DIS	Walt Disney Co/the	Stock-Comm Services	0.67%	-0.33%	—
17	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	0.55%	+0.62%	-16.49%
18	SW	Smurfit Westrock Plc	Stock-Consumer Disc	0.50%	—	+34.71%
19	GGAL	Grupo Financiero Galicia-adr	Stock-Other	0.50%	-0.01%	+34.69%
20	KWEB	Kranesh Csi China Internet	ETF-Emerging Markets	0.46%	-0.21%	—
21	CROX	Crocs INC	Stock-Consumer Disc	0.44%	-0.08%	—
22	EL	Estee Lauder Companies-cl A	Stock-Consumer Staples	0.35%	-0.11%	+12.66%
23	SGML	Sigma Lithium CORP	Stock-Other	0.28%	-0.14%	—
24	TIP	Ishares Tips Bond ETF	ETF-Other	0.28%	—	-83.49%
25	EWZ	Ishares Msci Brazil ETF	ETF-Other	0.27%	-0.16%	-35.77%
26	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	0.27%	-0.26%	+7.59%
27	CCJ	Cameco CORP	Stock-Energy	0.19%	-0.19%	EXIT
28	ETHE	Grayscale Ethereum Staking E	ETF-Other	0.19%	-0.12%	-19.00%
29	BITW	Bitwise 10 Crypto Index ETF	ETF-Crypto	0.18%	-0.12%	—
30	BBD	Banco Bradesco-adr	Stock-Other	0.18%	-0.18%	—
31	VTEX	Vtex	Stock-Other	0.18%	-0.18%	EXIT
32	DMRC	Digimarc Corporation	Stock-Other	0.15%	-0.13%	-39.32%
33	IGV	Ishares Expanded Tech-softwa	ETF-Tech	0.13%	-0.12%	—
34	RSX1USD	Vaneck Vectors Russia ETF	ETF-Other	0.10%	-0.10%	EXIT
35	IEI	Ishares 3-7 Year Treasury Bo	ETF-Gov Bonds	0.10%	—	-76.48%
36	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.08%	—	—
37	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	0.08%	+0.06%	-80.92%
38	OBDC	Blue Owl Capital CORP	Stock-Financials	0.07%	—	—
39	TSLA	Tesla INC	Stock-Consumer Disc	0.07%	-0.06%	-0.25%
40	BUG	Global X Cybersecurity ETF	ETF-Other	0.06%	-0.06%	EXIT
41	VV	Vanguard Large-cap ETF	ETF-Other	0.06%	—	—
42	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.06%	—	+7.24%
43	VT	Vanguard Tot World Stk ETF	ETF-Other	0.05%	-0.05%	EXIT
44	LIT	Global X Lithium & Battery T	ETF-Other	0.04%	-0.04%	EXIT
45	NVDA	Nvidia CORP	Stock-Tech	0.04%	+0.02%	+25.36%
46	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	0.04%	—	—
47	IDEV	Ishares Core Msci Dev Mkts	ETF-Other	0.04%	—	—
48	IVE	Ishares S&p 500 Value ETF	ETF-Large Cap & Growth	0.03%	—	—
49	SHEL	Shell Plc-adr	Stock-Energy	0.03%	—	—
50	✓	Ambipar Emergency Response	Stock-Other	0.03%	-0.03%	+18.38%

1–50 of 115

Holding changes this quarter

Position changes disclosed by Turim 21 Investimentos Ltda. for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VTI	Vanguard Total Stock Mkt ETF	+5.1%	-0.12%	Trim
2	VALE	Vale Sa-sp Adr	+4.3%	—	Unchanged
3	EFA	Ishares Msci Eafe ETF	+3.2%	+5.18%	Add
4	IEMG	Ishares Core Msci Emerging	+1.4%	+12.77%	Add
5	SQQQ	ProShares UltraPro Short QQQ	+1.2%	-1.74%	Trim
6	ERIC	Ericsson (lm) Tel-sp Adr	+0.6%	—	Unchanged
7	GGAL	Grupo Financiero Galicia-adr	+0.3%	+34.69%	Add
8	EMXC	Ishares Msci Emr Mrk Ex Chna	+0.3%	—	Unchanged
9	SW	Smurfit Westrock Plc	+0.3%	+34.71%	Add
10	AAPL	Apple INC	+0.1%	-0.27%	Trim
11	EL	Estee Lauder Companies-cl A	+0.1%	+12.66%	Add
12	CROX	Crocs INC	+0.1%	—	Unchanged
13	EEM	Ishares Msci Emerging Market	+0.1%	+7.59%	Add
14	XOP	Ss Spdr S&p Og Exp & Prod	+0.1%	-8.01%	Trim
15	GOOGL	Alphabet Inc-cl A	0%	+7.24%	Add
16	CCJ	Cameco CORP	—	-18.96%	Trim
17	AMZN	Amazon.com INC	0%	-17.67%	Trim
18	✓	Nvni Group Limited	0%	-90.00%	Trim
19	KWEB	Kranesh Csi China Internet	0%	—	Unchanged
20	EWZ	Ishares Msci Brazil ETF	-0.1%	-35.77%	Trim
21	ETHE	Grayscale Ethereum Staking E	-0.1%	-19.00%	Trim
22	DMRC	Digimarc Corporation	-0.2%	-39.32%	Trim
23	IBIT	Ishares Bitcoin Trust ETF	-0.2%	-16.49%	Trim
24	IEI	Ishares 3-7 Year Treasury Bo	-0.3%	-76.48%	Trim
25	IEF	Ishares 7-10 Year Treasury B	-0.3%	-80.92%	Trim
26	MSFT	Microsoft CORP	-0.4%	-28.84%	Trim
27	PXDEUR	Pioneer Natural Resources Co	-0.6%	+4.35%	Add
28	GOOG	Alphabet Inc-cl C	-0.8%	-67.36%	Trim
29	TIP	Ishares Tips Bond ETF	-1.2%	-83.49%	Trim
30	BIL	Ss Spdr Bb 1-3m T-bill ETF	-10.6%	-93.50%	Trim
31	VTWO	Vanguard Russell 2000 ETF	—	EXIT	Sold out
32	SGML	Sigma Lithium CORP	—	NEW	New buy
33	BITW	Bitwise 10 Crypto Index ETF	—	NEW	New buy
34	SPMO	Invesco S&p 500 Momentum ETF	—	EXIT	Sold out
35	NXE	Nexgen Energy LTD	—	EXIT	Sold out
36	ARKK	Ark Innovation ETF	—	EXIT	Sold out
37	RSX1USD	Vaneck Vectors Russia ETF	—	NEW	New buy
38	VSXY	Victoria's Secret & Co	—	EXIT	Sold out
39	IVV	Ishares Core S&p 500 ETF	—	NEW	New buy
40	IOT	Samsara Inc-cl A	—	EXIT	Sold out
41	SLV	Ishares Silver Trust	—	EXIT	Sold out
42	VT	Vanguard Tot World Stk ETF	—	NEW	New buy
43	PAM	Pampa Energia Sa-spon Adr	—	EXIT	Sold out
44	SHEL	Shell Plc-adr	—	NEW	New buy
45	RPV	Invesco S&p 500 Pure Value E	—	EXIT	Sold out
46	✓		—	NEW	New buy
47	NOBL	Proshares S&p 500 Dividend A	—	NEW	New buy
48	QLTI	Gmo International Qlty ETF	—	NEW	New buy
49	VGT	Vanguard Info Tech ETF	—	NEW	New buy
50	LHX	L3harris Technologies INC	—	EXIT	Sold out