Institutional
TB Capital Gestao de Recursos Ltda.
CIK 0002077092
$163.5M
Reported AUM
17
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · TB Capital Gestao de Recursos Ltda. · Q1 2026
AI · grounded in 13F
TB Capital Gestao de Recursos Ltda. established a new position in SAP valued at $13.3M. The fund also initiated a new stake in NVDA for $6.5M and increased its holdings in BKNG by 79.3%. Conversely, the fund trimmed its position in TSM by 69.3%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | ABNB | AIRBNB INC | $24.3M | 14.88% | -31,498 | -14.1% |
| 2 | BKNG | BOOKING HOLDINGS INC | $17.7M | 10.84% | +1,861 | +79.3% |
| 3 | SAP | SAP SE | $13.3M | 8.14% | +77,681 | NEW |
| 4 | APO | APOLLO GLOBAL MGMT INC | $13.1M | 8.00% | +15,627 | +15.4% |
| 5 | NU | NU HLDGS LTD | $12.6M | 7.71% | +384,295 | +77.9% |
| 6 | DLO | DLOCAL LTD | $10.4M | 6.39% | -118,912 | -12.9% |
| 7 | MSFT | MICROSOFT CORP | $10.4M | 6.34% | +8,835 | +46.1% |
| 8 | CPNG | COUPANG INC | $9.4M | 5.75% | -64,567 | -11.5% |
| 9 | META | META PLATFORMS INC | $7.8M | 4.77% | +3,425 | +33.6% |
| 10 | NVDA | NVIDIA CORPORATION | $6.5M | 4.00% | +37,505 | NEW |
| 11 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $6.4M | 3.89% | -42,422 | -69.3% |
| 12 | V | VISA INC | $6.2M | 3.79% | +1,760 | +9.4% |
| 13 | MA | MASTERCARD INCORPORATED | $6.2M | 3.77% | +1,169 | +10.5% |
| 14 | MELI | MERCADOLIBRE INC | $6.0M | 3.70% | +538 | +18.2% |
| 15 | ADBE | ADOBE INC | $5.8M | 3.52% | -6,094 | -20.5% |
| 16 | AMZN | AMAZON COM INC | $4.3M | 2.62% | -3,767 | -15.5% |
| 17 | GOOG | ALPHABET INC | $3.1M | 1.88% | -8,002 | -42.8% |
Source: SEC EDGAR · accession 0001213900-26-057309. 13F discloses long positions only — shorts, foreign equities, and options are excluded.