DI
Dynamo Internacional Gestao De Recursos Ltda. 13F Filing History & Holdings
Dynamo Internacional Gestao De Recursos Ltda.CIK: 0001546790
Concentrated strategySector-focusedMomentum follower
Total reported value
$291.6M
Reporting period: 2026-03-31 · Number of holdings: 7
DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. disclosed 7 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $291.6M and a quarterly turnover rate of 66.1%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 66.14
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 8
- Sizing Uniformity
- 91.22
Dynamo Internacional Gestao De Recursos Ltda.'s disclosed holdings carry a Herfindahl concentration index of 0.395 — mathematically equivalent to about 3 equally-sized positions, well below its 7 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 0.88), 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 29.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Recent moves
Trim MELI
+15.7% $48.0M
Add NU
+676.2% $67.4M
Add SUZ
+565.2% $22.3M
Trim EWZ
-37.2% $6.9M
Sold out VTEX
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 4 holdings (of 7 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MELI | Mercadolibre INC | Stock-Consumer Disc | 55.26% | -21.28% | +15.70% | |
| 2 | NU | Nu Holdings Ltd. | Stock-Financials | 27.19% | +19.14% | +676.21% | |
| 3 | SUZ | Suzano SA - Spon Adr | Stock-Other | 8.89% | +6.43% | +565.21% | |
| 4 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 8.66% | -3.78% | -37.15% |
Portfolio Performance
Performance for Q3 2026
-5.7%
Performance Last 4 Quarters
+12.5%
- Stdev
- +29.9%
- Beta
- +1.1
- Alpha
- +3.5%
- Max Drawdown
- -17.5%
- Annualized Perf
- +21.6%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.67
- Stutzer
- +0.24
- Treynor
- +0.22
- Sterling
- +0.95
- Calmar
- +1.23
- Information Ratio
- +0.2
- Tracking Error
- +26.3%
- Stdev Down
- +14.2%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +74.4%
- Worst 12 Months
- -4.2%
- Efficiency Ratio
- +0.35
- Sharpe
- +0.79
- Stdev Sectors
- +17%
- Skewness
- +1.06
- Kurtosis
- +2.09
- Upside Potential
- +3.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 7 | $291.6M | 66 | |
| 2025-12-31 | 10 | $147.8M | 23 | |
| 2025-09-30 | 9 | $186.1M | 73 | |
| 2025-06-30 | 7 | $280.8M | 0 | |
| 2025-03-31 | 9 | $306.7M | 19 | |
| 2024-12-31 | 9 | $300.4M | 57 | |
| 2024-09-30 | 10 | $438.6M | 28 | |
| 2024-06-30 | 9 | $574.7M | 4 | |
| 2024-03-31 | 9 | $595.0M | 100 | |
| 2023-12-31 | 24 | $729.9M | 0 | |
| 2023-09-30 | 27 | $1.4B | 0 | |
| 2023-06-30 | 1 | $187.4M | 0 | |
| 2023-03-31 | 17 | $839.8M | 0 | |
| 2022-12-31 | 15 | $742.0M | 0 | |
| 2022-09-30 | 15 | $707.4M | 0 | |
| 2022-06-30 | 17 | $635.5M | 0 | |
| 2022-03-31 | 17 | $856.3M | 0 | |
| 2021-12-31 | 21 | $962.7M | 0 | |
| 2021-09-30 | 22 | $1.0B | 0 | |
| 2021-06-30 | 22 | $1.2B | 95 | |
| 2021-03-31 | 21 | $1.1B | 45 | |
| 2020-12-31 | 20 | $1.4B | 32 | |
| 2020-09-30 | 19 | $1.4B | 29 | |
| 2020-06-30 | 16 | $1.3B | 70 | |
| 2020-03-31 | 20 | $769.2M | 100 | |
| 2019-12-31 | 14 | $1.0B | 24 | |
| 2019-09-30 | 10 | $961.2M | 23 | |
| 2019-06-30 | 10 | $986.7M | 45 | |
| 2019-03-31 | 9 | $674.7M | 39 | |
| 2018-12-31 | 9 | $538.4M | 83 | |
| 2018-09-30 | 8 | $538.3M | 12 | |
| 2018-06-30 | 8 | $602.1M | 19 | |
| 2018-03-31 | 8 | $532.0M | 31 | |
| 2017-12-31 | 18 | $688.7M | 19 | |
| 2017-09-30 | 20 | $695.0M | 24 | |
| 2017-06-30 | 19 | $696.6M | 38 | |
| 2017-03-31 | 17 | $735.0M | 15 | |
| 2016-12-31 | 17 | $747.6M | 43 | |
| 2016-09-30 | 18 | $554.5M | 22 | |
| 2016-06-30 | 16 | $522.8M | 14 | |
| 2016-03-31 | 18 | $540.1M | 25 | |
| 2015-12-31 | 19 | $434.3M | 57 | |
| 2015-09-30 | 19 | $334.8M | 100 | |
| 2015-06-30 | 16 | $388.4M | 47 | |
| 2015-03-31 | 15 | $335.6M | 39 | |
| 2014-12-31 | 14 | $279.5M | 38 | |
| 2014-09-30 | 18 | $286.2M | 42 | |
| 2014-06-30 | 19 | $368.3M | 33 | |
| 2014-03-31 | 16 | $267.7M | 28 | |
| 2013-12-31 | 18 | $260.0M | 27 | |
| 2013-09-30 | 14 | $214.9M | 41 | |
| 2013-06-30 | 10 | $190.6M | 0 |
Holding changes this quarter
Dynamo Internacional Gestao De Recursos Ltda.'s most significant position changes for 2026-03-31: Sold out: Vtex (VTEX); Add: Mercadolibre INC (MELI) — shares +15.70%; Add: Nu Holdings Ltd. (NU) — shares +676.21%; Add: Suzano SA - Spon Adr (SUZ) — shares +565.21%; Trim: Ishares Msci Brazil ETF (EWZ) — shares -37.15%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NU | Nu Holdings Ltd. | +19.1% | +676.21% | Add |
| 2 | SUZ | Suzano SA - Spon Adr | +6.4% | +565.21% | Add |
| 3 | EWZ | Ishares Msci Brazil ETF | -3.8% | -37.15% | Trim |
| 4 | MELI | Mercadolibre INC | -21.3% | +15.70% | Add |
| 5 | VTEX | Vtex | — | EXIT | Sold out |
Filing History
| 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 | 2025-05-30 | Amendment | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2025-05-30 | Amendment | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2025-05-30 | Amendment | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2025-05-30 | Amendment | 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 | 2023-11-17 | Amendment | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-09-01 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-09-01 | Amendment | 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 | 2023-06-14 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2023-06-14 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2023-06-14 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2023-06-14 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 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 |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-26 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-08 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-29 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-06 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-27 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-05 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-19 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-13 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
FAQ
What is Dynamo Internacional Gestao De Recursos Ltda. and what type of investor is it?
Dynamo Internacional Gestao De Recursos Ltda. is an 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 $291.6M, spread across 7 disclosed positions.
What are Dynamo Internacional Gestao De Recursos Ltda.'s largest equity positions?
Based on the latest 13F filing, Dynamo Internacional Gestao De Recursos Ltda.'s top holdings by market value are:
1. Mercadolibre INC (MELI) — $161.1M (55.3%)
2. Nu Holdings Ltd. (NU) — $79.3M (27.2%)
3. Suzano SA - Spon Adr (SUZ) — $25.9M (8.9%)
4. Ishares Msci Brazil ETF (EWZ) — $25.3M (8.7%)
What changes did Dynamo Internacional Gestao De Recursos Ltda. make in its most recent portfolio filing?
In the latest reported quarter, Dynamo Internacional Gestao De Recursos Ltda. made 5 notable position adjustments: 0 new positions were initiated, 3 existing holdings were added to, 1 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Vtex (VTEX); Add: Mercadolibre INC (MELI) — shares +15.70%; Add: Nu Holdings Ltd. (NU) — shares +676.21%; Add: Suzano SA - Spon Adr (SUZ) — shares +565.21%; Trim: Ishares Msci Brazil ETF (EWZ) — shares -37.15%
What sectors does Dynamo Internacional Gestao De Recursos Ltda. focus on?
Dynamo Internacional Gestao De Recursos Ltda. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 67.0%
• Financials: 33.0%
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