Constellation Investimentos e Participacoes Ltda

Concentrated strategySector-focusedMomentum follower

Total reported value

$46.7M

Reporting period: 2025-09-30 · Number of holdings: 7

Constellation Investimentos e Participacoes Ltda disclosed 7 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $46.7M and a quarterly turnover rate of 57.2%.

Personality snowflake

Concentration: 100
Portfolio Stability: 57.22
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 14
Sizing Uniformity: 84.44

Recent moves

Add NU
-4.4%　$13.3M
Trim MELI
+4.5%　$4.9M
Add NVDA
+0.5%　$288.1K
Trim META
0.0%　$182.8K
Sold out G02532102
Sold out ITUB

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MELI	Mercadolibre INC	Stock-Consumer Disc	48.22%	-0.87%	+4.52%
2	NU	Nu Holdings Ltd.	Stock-Financials	45.40%	+23.45%	-4.41%
3	META	Meta Platforms Inc-class A	Stock-Comm Services	1.93%	-0.08%	—
4	NVDA	Nvidia CORP	Stock-Tech	1.49%	+0.35%	+0.54%
5	CPNG	Coupang INC	Stock-Consumer Disc	1.18%	+1.18%	NEW
6	MSFT	Microsoft CORP	Stock-Tech	1.06%	+1.06%	NEW
7	AMZN	Amazon.com INC	Stock-Consumer Disc	0.71%	+0.71%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-09-30	7	$46.7M	57	1MELI 2NU 3META Top holdings2025-09-30 1.MELI 2.NU 3.META 4.NVDA 5.CPNG 6.MSFT 7.AMZN
2025-06-30	8	$55.8M	0	1MELI 2NU3G98239 Top holdings2025-06-30 1.MELI 2.NU 3.G98239 4.G02532 5.STNE 6.PBR-A 7.META 8.NVDA
2025-03-31	10	$35.9M	0	1MELI 2NU3G02532 Top holdings2025-03-31 1.MELI 2.NU 3.G02532 4.ITUB 5.PBR-A 6.G98239 7.STNE 8.META 9.NVDA 10.BX
2024-12-31	10	$103.4M	0	1MELI 2NU 3ITUB Top holdings2024-12-31 1.MELI 2.NU 3.ITUB 4.PBR-A 5.SUZ 6.G02532 7.META 8.NVDA 9.BX 10.VTEX
2024-09-30	12	$180.6M	0	1MELI 2NU 3STNE Top holdings2024-09-30 1.MELI 2.NU 3.STNE 4.ITUB 5.PBR-A 6.G02532 7.SUZ 8.META 9.NVDA 10.BX
2024-06-30	11	$200.8M	0	1MELI 2NU 3STNE Top holdings2024-06-30 1.MELI 2.NU 3.STNE 4.ITUB 5.PBR-A 6.G02532 7.EWZ 8.NVDA 9.META 10.UBER
2024-03-31	8	$241.9M	0	1MELI 2NU3G98239 Top holdings2024-03-31 1.MELI 2.NU 3.G98239 4.STNE 5.G02532 6.NVDA 7.META 8.UBER
2023-12-31	8	$284.0M	0	1MELI2G982393NU Top holdings2023-12-31 1.MELI 2.G98239 3.NU 4.G02532 5.V 6.DNOW 7.G21307 8.SHOP
2023-09-30	5	$112.9M	0	1MELI2G025323V Top holdings2023-09-30 1.MELI 2.G02532 3.V 4.DNOW 5.G21307
2023-06-30	7	$106.0M	0	1MELI2G025323V Top holdings2023-06-30 1.MELI 2.G02532 3.V 4.VTEX 5.DNOW 6.G21307 7.SHOP
2023-03-31	5	$118.9M	0	1MELI2G025323V Top holdings2023-03-31 1.MELI 2.G02532 3.V 4.DNOW 5.G21307
2022-12-31	5	$68.7M	0	1MELI 2V3G21307 Top holdings2022-12-31 1.MELI 2.V 3.G21307 4.DNOW 5.DLO
2022-09-30	7	$112.1M	0	1MELI2G982393ITUB Top holdings2022-09-30 1.MELI 2.G98239 3.ITUB 4.V 5.NOW 6.DLO 7.SHOP
2022-06-30	6	$135.6M	0	1G982392MELI 3VALE Top holdings2022-06-30 1.G98239 2.MELI 3.VALE 4.V 5.NOW 6.DLO
2022-03-31	7	$231.9M	0	1G982392MELI 3VALE Top holdings2022-03-31 1.G98239 2.MELI 3.VALE 4.EWZ 5.V 6.SHOP 7.NOW
2021-12-31	8	$267.6M	0	1G982392MELI 3VTEX Top holdings2021-12-31 1.G98239 2.MELI 3.VTEX 4.EWZ 5.SHOP 6.V 7.DLO 8.META
2021-09-30	10	$363.2M	0	1G982392MELI 3STNE Top holdings2021-09-30 1.G98239 2.MELI 3.STNE 4.VTEX 5.EWZ 6.DLO 7.SHOP 8.V 9.META 10.PYPL
2021-06-30	9	$425.6M	0	1G982392MELI 3STNE Top holdings2021-06-30 1.G98239 2.MELI 3.STNE 4.SHOP 5.V 6.DLO 7.META 8.PYPL 9.AMZN
2021-03-31	7	$430.3M	0	1STNE 2MELI3G98239 Top holdings2021-03-31 1.STNE 2.MELI 3.G98239 4.PYPL 5.V 6.AMZN 7.SHOP
2020-12-31	7	$513.2M	0	1STNE 2MELI3G98239 Top holdings2020-12-31 1.STNE 2.MELI 3.G98239 4.PYPL 5.AMZN 6.V 7.SHOP
2020-09-30	6	$376.8M	0	1STNE2G982393MELI Top holdings2020-09-30 1.STNE 2.G98239 3.MELI 4.PYPL 5.AMZN 6.V
2020-06-30	4	$364.4M	0	1G982392MELI 3STNE Top holdings2020-06-30 1.G98239 2.MELI 3.STNE 4.PYPL
2020-03-31	3	$154.2M	0	1MELI 2STNE3G98239 Top holdings2020-03-31 1.MELI 2.STNE 3.G98239
2019-12-31	5	$198.2M	0	1G982392MELI 3STNE Top holdings2019-12-31 1.G98239 2.MELI 3.STNE 4.PBR-A 5.PAGS
2019-09-30	3	$179.0M	0	1PAGS 2MELI 3PBR-A Top holdings2019-09-30 1.PAGS 2.MELI 3.PBR-A
2019-06-30	6	$107.5M	0	1MELI 2PAGS 3BBD Top holdings2019-06-30 1.MELI 2.PAGS 3.BBD 4.VALE 5.PBR-A 6.53619W
2019-03-31	5	$119.3M	0	1MELI 2PAGS 3BBD Top holdings2019-03-31 1.MELI 2.PAGS 3.BBD 4.PBR-A 5.ARCO

Holding changes this quarter

Constellation Investimentos e Participacoes Ltda's most significant position changes for 2025-09-30: Sold out: Ambipar Emergency Response; Sold out: Itau Unibanco H-spon Prf Adr (ITUB); Sold out: Petroleo Brasil-sp Pref Adr (PBR-A); Sold out: Xp INC Class A; Sold out: StoneCo Ltd. (STNE).

Position changes disclosed by Constellation Investimentos e Participacoes Ltda for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NU	Nu Holdings Ltd.	+23.5%	-4.41%	Add
2	NVDA	Nvidia CORP	+0.4%	+0.54%	Trim
3	META	Meta Platforms Inc-class A	-0.1%	—	Trim
4	MELI	Mercadolibre INC	-0.9%	+4.52%	Add
5	✓	Ambipar Emergency Response	—	EXIT	Sold out
6	ITUB	Itau Unibanco H-spon Prf Adr	—	EXIT	Sold out
7	PBR-A	Petroleo Brasil-sp Pref Adr	—	EXIT	Sold out
8	✓	Xp INC Class A	—	EXIT	Sold out
9	STNE	StoneCo Ltd.	—	EXIT	Sold out
10	CPNG	Coupang INC	—	NEW	New buy
11	MSFT	Microsoft CORP	—	NEW	New buy
12	AMZN	Amazon.com INC	—	NEW	New buy
13	BX	Blackstone INC	—	EXIT	Sold out

FAQ

What is Constellation Investimentos e Participacoes Ltda and what type of investor is it?

Constellation Investimentos e Participacoes 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 (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $46.7M, spread across 7 disclosed positions.

What are Constellation Investimentos e Participacoes Ltda's largest equity positions?

Based on the latest 13F filing, Constellation Investimentos e Participacoes Ltda's top holdings by market value are: 1. Mercadolibre INC (MELI) — $22.5M (48.2%) 2. Nu Holdings Ltd. (NU) — $21.2M (45.4%) 3. Meta Platforms Inc-class A (META) — $903.3K (1.9%) 4. Nvidia CORP (NVDA) — $697.8K (1.5%) 5. Coupang INC (CPNG) — $550.9K (1.2%)

What changes did Constellation Investimentos e Participacoes Ltda make in its most recent portfolio filing?

In the latest reported quarter, Constellation Investimentos e Participacoes Ltda made 13 notable position adjustments: 3 new positions were initiated, 2 existing holdings were added to, 2 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Ambipar Emergency Response; Sold out: Itau Unibanco H-spon Prf Adr (ITUB); Sold out: Petroleo Brasil-sp Pref Adr (PBR-A); Sold out: Xp INC Class A; Sold out: StoneCo Ltd. (STNE)

What sectors does Constellation Investimentos e Participacoes Ltda focus on?

Constellation Investimentos e Participacoes Ltda is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 91.8% • Information Technology: 4.7% • Communication Services: 3.5%