DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.

CIK 1546790 · View on SEC EDGAR ↗

Portfolio value
$244.2M
#5,805 of 9,443 by 13F value · top 61.5%
Positions
6
As of
June 30, 2026

Portfolio value QoQ: -11.4% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
5
Effective number of positions
2.6

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

Turnover Q2 2026: 10.65% Est. buys $27,670,598 · sells $36,537,086

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 40.0% still held

New positions
2
Increased
1
Decreased
3
Closed
1

Put-notional exposure: 2.9% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-5.4%
S&P 500 total return (same window)
+28.1%
Excess return
-33.4%

Annualized: -3.6% · S&P 500: +18.0%

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: 100.0% · Options excluded: 3.8%

Sector breakdown

Retail
49.9%
Financials
35.1%
Paper & Forest
8.1%
Materials
3.5%
Energy
2.9%
Other/Unmapped
0.4%

Full portfolio 6 positions

Type Streak 8Q trend
MELI MercadoLibre, Inc. - Common Stock $121,896,365 49.91% 71,814 $-39,220,635 Down ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $85,760,833 35.12% 6,419,224 $6,479,747 Up ×2
SUZ Suzano S.A. American Depositary Shares (each representing One Ordinary Share) $19,877,566 8.14% 2,561,542 $-6,040,666 Down ×1
GGB Gerdau S.A. Common Stock $8,522,275 3.49% 2,109,474 Up ×1
PBR Petroleo Brasileiro S.A. Petrobras ADS $7,096,280 2.91% 2,050,000 Put option Up ×1
EWZ $1,060,000 0.43% 1,000,000 Call option $-8,094,250 Down ×2

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
GGB $8,522,275 2,109,474 3.49%
PBR $7,096,280 2,050,000 2.91%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MELI Trimmed -21K -$39.2M
NU Bought more +902K +$6.5M
SUZ Trimmed -28K -$6.0M

1 position hidden (data completeness check)

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
RIO June 30, 2025 904,059 $9,502,777 72.7%
VALE Dec. 31, 2025 367,864 $3,995,003 6.1%
VTEX March 31, 2026 201,070 $756,023 -8.1%