Constellation Investimentos e Participacoes Ltda

CIK 1893840 · View on SEC EDGAR ↗

Portfolio value
$46.7M
#8,739 of 9,443 by 13F value · top 92.5%
Positions
7
As of
Sept. 30, 2025 Data as of Q3 2025

Portfolio value QoQ: -16.4% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
6
Effective number of positions
2.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q3 2025: 4.6% Est. buys $2,357,865 · sells $12,211,702

Median holding: 2.0 quarters Tracked Q4 2024–Q3 2025 · 46.7% still held

New positions
3
Increased
2
Decreased
1
Closed
4
On this page

Performance vs S&P 500

Tracked Q4 2024–Q3 2025
+47.4%
S&P 500 total return (same window)
+13.4%
Excess return
+34.0%

Annualized: +67.9% · S&P 500: +18.3%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 88.1% · Options excluded: 0.0%

Sector breakdown

Retail
50.1%
Financials
45.4%
Technology
2.6%
Communication Services
1.9%

Full portfolio 7 positions

Type Streak 8Q trend
MELI MercadoLibre, Inc. - Common Stock $22,518,754 48.22% 9,636 $-1,576,301 Up ×2
NU Nu Holdings Ltd. Class A Ordinary Shares $21,203,212 45.40% 1,324,373 $2,193,589 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $903,287 1.93% 1,230 $-4,564
NVDA NVIDIA Corporation - Common Stock $697,809 1.49% 3,740 $110,086 Up ×1
CPNG Coupang, Inc. Class A Common Stock $550,942 1.18% 17,110 Up ×1
MSFT Microsoft Corporation - Common Stock $495,160 1.06% 956 Up ×1
AMZN Amazon.com, Inc. - Common Stock $333,527 0.71% 1,519 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
CPNG $550,942 17,110 1.18%
MSFT $495,160 956 1.06%
AMZN $333,527 1,519 0.71%

Top movers (QoQ)

Security Action Shares Δ Value Δ
NU Trimmed -61K +$2.2M
MELI Bought more +417 -$1.6M
NVDA Bought more +20 +$110K
META Price move only +0 -$5K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
XP Sept. 30, 2025 222,166 $4,487,753 -12.4%
SUZ March 31, 2025 428,400 $4,335,408 -6.8%
AMBIQ Sept. 30, 2025 571,051 $2,869,417 No longer tracked
STNE Sept. 30, 2025 163,857 $2,628,266 -50.7%
ITUB June 30, 2025 400,590 $2,203,245 11.3%
PBRA Sept. 30, 2025 108,056 $1,246,966 No longer tracked
BX June 30, 2025 1,815 $253,701 -4.2%
VTEX March 31, 2025 37,637 $221,682 -27.0%