Q2 2025 · 13F-HR
TB Capital Gestao de Recursos Ltda.holdings as filed
Filed 2025-08-14 · accession 0001213900-25-076245
$115.3M
Reported value
18
Positions
2025-06-30
Period end
The Brief · TB Capital Gestao de Recursos Ltda. · Q2 2025
AI · grounded in 13F
TB Capital Gestao de Recursos Ltda. established a new position in TSM valued at $19.97M. The fund also initiated new stakes in XP for $18.48M and ABNB for $11.28M. Additional new positions include BKNG at $11.18M and STNE at $10.97M. Total assets under management stand at $115.28M across 18 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $20.0M | 17.3% | 88,153 | Common | SOLE |
| G98239109 | XP | XP INC | $18.5M | 16.0% | 914,777 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $11.3M | 9.79% | 85,269 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $11.2M | 9.70% | 1,931 | Common | SOLE |
| G85158106 | STNE | STONECO LTD | $11.0M | 9.52% | 683,854 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $9.3M | 8.03% | 65,228 | Common | SOLE |
| G29018101 | DLO | DLOCAL LTD | $7.3M | 6.31% | 641,185 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $7.1M | 6.17% | 237,474 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $4.5M | 3.88% | 7,953 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.8M | 2.46% | 7,974 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $2.3M | 2.01% | 13,064 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $1.9M | 1.67% | 3,878 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $1.9M | 1.65% | 58,126 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $1.7M | 1.47% | 2,296 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.4M | 1.25% | 6,565 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $1.2M | 1.03% | 4,809 | Common | SOLE |
| 433000106 | HIMS | HIMS & HERS HEALTH INC | $1.2M | 1.02% | 23,668 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $818,412 | 0.71% | 59,651 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.