Navi International - Administradora e Gestora de Recursos Financeiros Ltda.
Portfolio value QoQ: -33.5% 13F does not disclose cash
Top 10 holdings weight99.39%
Top 25 holdings weight100.00%
Positions above 1%9
Effective number of positions4.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 25.34% Est. buys $46,902,640 · sells $108,968,391
New positions4
Increased5
Decreased2
Closed6
Portfolio value
$147.9M
Positions
12
As of
June 30, 2026 Data as of Q2 2026
Sector breakdown
Full portfolio 12 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| MELI | $53,045,135 | 35.87% | 31,251 | $645,455 | Up ×1 | ||
| XP | $29,885,636 | 20.21% | 1,837,985 | $-21,121,572 | Down ×1 | ||
| LTM | $18,996,428 | 12.85% | 326,007 | $17,975,393 | Up ×1 | ||
| PBRA | $17,043,990 | 11.53% | 1,164,207 | $1,141,421 | Up ×1 | ||
| INTR | $13,266,647 | 8.97% | 2,443,213 | Up ×1 | |||
| Unknown issuer (CUSIP: 464286900) | $5,916,750 | 4.00% | 171,500 | Call option | Up ×1 | ||
| AXIA | $3,058,588 | 2.07% | 289,639 | $2,160,395 | Up ×2 | ||
| SUZ | $2,763,693 | 1.87% | 356,146 | $-801,439 | Down ×1 | ||
| GGB | $2,222,000 | 1.50% | 550,000 | $236,500 | |||
| VALE | $778,907 | 0.53% | 51,789 | Up ×1 | |||
| ITUB | $626,337 | 0.42% | 76,663 | $422,720 | Up ×1 | ||
| CIG | $270,453 | 0.18% | 128,695 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| XP | Trimmed | -841K | -$21.1M |
| AXIA | Bought more | +210K | +$2.2M |
| PBRA | Bought more | +316K | +$1.1M |
| SUZ | Trimmed | -11 | -$801K |
| MELI | Bought more | +945 | +$645K |
| ITUB | Bought more | +52K | +$423K |
| GGB | Price move only | +0 | +$236K |
1 position hidden — reported move looks larger than the position itself (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.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NU | June 30, 2026 | 4,008,517 | $57,602,389 | 13.5% |
| STNE | June 30, 2026 | 2,043,105 | $28,848,643 | 5.9% |
| EWW | March 31, 2026 | 178,888 | $12,402,305 | |
| EEM | March 31, 2026 | 125,285 | $6,854,342 | |
| PBR | June 30, 2026 | 266,925 | $5,538,694 | 61.9% |
| IWM | March 31, 2026 | 13,537 | $3,332,268 | 12.5% |
| AXIAPR | June 30, 2026 | 190,920 | $2,392,228 | No longer tracked |
| EMBJ | June 30, 2026 | 11,923 | $707,511 | 11.0% |
| AXIAPRC | March 31, 2026 | 78,375 | $675,593 | No longer tracked |
| EVEX | March 31, 2026 | 125,832 | $502,070 | -33.9% |
| BBD | June 30, 2026 | 56,096 | $204,750 | 17.3% |