AC
Atmos Capital Gestao De Recursos Ltda. 13F Filings Tracker & Analysis
Atmos Capital Gestao De Recursos Ltda.CIK: 0001832439
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$713.7M
Reporting period: 2026-03-31 · Number of holdings: 16
ATMOS CAPITAL GESTAO DE RECURSOS LTDA. disclosed 16 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $713.7M and a quarterly turnover rate of 26.2%.
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Personality snowflake
- Concentration
- 85.18
- Portfolio Stability
- 26.24
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 30
- Sizing Uniformity
- 84.67
Atmos Capital Gestao De Recursos Ltda.'s disclosed holdings carry a Herfindahl concentration index of 0.213 — mathematically equivalent to about 5 equally-sized positions, well below its 16 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 1.53), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Recent moves
Trim MELI
-58.7% -$98.2M
Add AMZN
+347.7% $35.8M
Add MSFT
+429.9% $33.6M
Add NU
+13.9% -$5.8M
Add NVDA
+28.8% $2.5M
Add NFLX
+7.0% $1.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 15 holdings (of 16 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NU | Nu Holdings Ltd. | Stock-Financials | 36.28% | +1.47% | +13.93% | |
| 2 | XPEV | Xp INC Class A | Stock-Other | 25.15% | -0.16% | -19.81% | |
| 3 | MELI | Mercadolibre INC | Stock-Consumer Disc | 7.55% | -12.46% | -58.73% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 6.66% | +5.11% | +347.67% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 6.25% | +4.80% | +429.92% | |
| 6 | DLO | DLocal Limited | Stock-Other | 3.76% | +0.20% | +8.24% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 2.08% | +0.46% | +28.79% | |
| 8 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.04% | +0.09% | +6.99% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.00% | +0.16% | -8.35% | |
| 10 | AAPL | Apple INC | Stock-Tech | 1.90% | +0.12% | +7.45% | |
| 11 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 1.78% | +0.11% | +7.32% | |
| 12 | NFLX | Netflix INC | Stock-Comm Services | 1.73% | +0.25% | +7.04% | |
| 13 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.38% | -0.15% | +2584.97% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.32% | -0.01% | +7.17% | |
| 15 | VTEX | Vtex | Stock-Other | 0.11% | — | -13.19% |
Portfolio Performance
Performance for Q3 2026
-4.1%
Performance Last 4 Quarters
+3.3%
Based on 67% of reported portfolio value with available pricing
- Stdev
- +26.6%
- Beta
- +0.82
- Alpha
- +7%
- Max Drawdown
- -16.9%
- Annualized Perf
- +20.5%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.68
- Stutzer
- +0.25
- Treynor
- +0.27
- Sterling
- +0.9
- Calmar
- +1.22
- Information Ratio
- +0.15
- Tracking Error
- +24.4%
- Stdev Down
- +13.2%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +59.5%
- Worst 12 Months
- -9.1%
- Efficiency Ratio
- +0.33
- Sharpe
- +0.83
- Stdev Sectors
- +16.3%
- Skewness
- +0.45
- Kurtosis
- -0.77
- Upside Potential
- +3.75
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 16 | $713.7M | 26 | |
| 2025-12-31 | 16 | $760.5M | 54 | |
| 2025-09-30 | 17 | $745.3M | 71 | |
| 2025-06-30 | 10 | $645.3M | 0 | |
| 2025-03-31 | 12 | $476.0M | 100 | |
| 2024-12-31 | 12 | $461.1M | 0 | |
| 2024-09-30 | 13 | $700.8M | 0 | |
| 2024-06-30 | 14 | $713.5M | 0 | |
| 2024-03-31 | 13 | $819.8M | 0 | |
| 2023-12-31 | 15 | $870.9M | 0 | |
| 2023-09-30 | 14 | $795.8M | 0 | |
| 2023-06-30 | 12 | $624.9M | 0 | |
| 2023-03-31 | 13 | $345.0M | 0 | |
| 2022-12-31 | 20 | $575.5M | 0 | |
| 2022-09-30 | 25 | $664.9M | 0 | |
| 2022-06-30 | 24 | $658.0M | 0 | |
| 2022-03-31 | 28 | $575.6M | 0 | |
| 2021-12-31 | 25 | $858.5M | 0 | |
| 2021-09-30 | 26 | $804.2M | 0 | |
| 2021-06-30 | 19 | $764.5M | 75 | |
| 2021-03-31 | 16 | $463.2M | 52 | |
| 2020-12-31 | 14 | $606.8M | 48 | |
| 2020-09-30 | 12 | $406.5M | 68 | |
| 2020-06-30 | 8 | $245.2M | 87 | |
| 2020-03-31 | 8 | $123.9M | 100 | |
| 2019-12-31 | 6 | $275.7M | 0 |
Holding changes this quarter
Atmos Capital Gestao De Recursos Ltda.'s most significant position changes for 2026-03-31: Trim: Mercadolibre INC (MELI) — shares -58.73%; Add: Amazon.com INC (AMZN) — shares +347.67%; Add: Microsoft CORP (MSFT) — shares +429.92%; Add: Nu Holdings Ltd. (NU) — shares +13.93%; Add: Nvidia CORP (NVDA) — shares +28.79%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | +5.1% | +347.67% | Add |
| 2 | MSFT | Microsoft CORP | +4.8% | +429.92% | Add |
| 3 | NU | Nu Holdings Ltd. | +1.5% | +13.93% | Add |
| 4 | NVDA | Nvidia CORP | +0.5% | +28.79% | Add |
| 5 | NFLX | Netflix INC | +0.3% | +7.04% | Add |
| 6 | DLO | DLocal Limited | +0.2% | +8.24% | Add |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -8.35% | Trim |
| 8 | AAPL | Apple INC | +0.1% | +7.45% | Add |
| 9 | ABNB | Airbnb Inc-class A | +0.1% | +7.32% | Add |
| 10 | GOOGL | Alphabet Inc-cl A | +0.1% | +6.99% | Add |
| 11 | VTEX | Vtex | — | -13.19% | Trim |
| 12 | META | Meta Platforms Inc-class A | 0% | +7.17% | Add |
| 13 | BKNG | Booking Holdings INC | -0.2% | +2584.97% | Add |
| 14 | XPEV | Xp INC Class A | -0.2% | -19.81% | Trim |
| 15 | MELI | Mercadolibre INC | -12.5% | -58.73% | Trim |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-20 | Amendment | 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 | 2025-05-16 | 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 | 2021-05-07 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-11-16 | 13F-HR | View on EDGAR |
FAQ
What is Atmos Capital Gestao De Recursos Ltda. and what type of investor is it?
Atmos Capital Gestao De Recursos 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 $713.7M, spread across 16 disclosed positions.
What are Atmos Capital Gestao De Recursos Ltda.'s largest equity positions?
Based on the latest 13F filing, Atmos Capital Gestao De Recursos Ltda.'s top holdings by market value are:
1. Nu Holdings Ltd. (NU) — $258.9M (36.3%)
2. Xp INC Class A (XPEV) — $179.5M (25.1%)
3. Mercadolibre INC (MELI) — $53.9M (7.5%)
4. Amazon.com INC (AMZN) — $47.5M (6.7%)
5. Microsoft CORP (MSFT) — $44.6M (6.3%)
What changes did Atmos Capital Gestao De Recursos Ltda. make in its most recent portfolio filing?
In the latest reported quarter, Atmos Capital Gestao De Recursos Ltda. made 15 notable position adjustments: 0 new positions were initiated, 11 existing holdings were added to, 4 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Mercadolibre INC (MELI) — shares -58.73%; Add: Amazon.com INC (AMZN) — shares +347.67%; Add: Microsoft CORP (MSFT) — shares +429.92%; Add: Nu Holdings Ltd. (NU) — shares +13.93%; Add: Nvidia CORP (NVDA) — shares +28.79%
What sectors does Atmos Capital Gestao De Recursos Ltda. focus on?
Atmos Capital Gestao De Recursos Ltda. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 51.1%
• Consumer Discretionary: 24.5%
• Information Technology: 17.2%
• Communication Services: 7.2%
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