SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.

CIK 1577806 · View on SEC EDGAR ↗

Portfolio value
$814.5M
#2,795 of 9,443 by 13F value · top 29.6%
Positions
6
As of
June 30, 2026

Portfolio value QoQ: -8.9% 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
3.3

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

Turnover Q2 2026: 17.53% Est. buys $149,748,587 · sells $162,557,061

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 54.5% still held

New positions
2
Increased
2
Decreased
2
Closed
2

Put-notional exposure: 8.7% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+62.8%
S&P 500 total return (same window)
+28.1%
Excess return
+34.7%

Annualized: +38.5% · 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: 3.4%

Sector breakdown

Financials
47.0%
Retail
39.3%
Financial Services
5.0%
Other/Unmapped
8.7%

Full portfolio 6 positions

Type Streak 8Q trend
NU Nu Holdings Ltd. Class A Ordinary Shares $327,764,033 40.24% 24,533,236 $7,133,394 Up ×2
MELI MercadoLibre, Inc. - Common Stock $291,749,091 35.82% 171,881 $-59,120,938 Down ×1
QQQ Invesco QQQ Trust, Series 1 $71,209,880 8.74% 96,700 Put option Up ×1
INTR Inter & Co. Inc. - Class A Common Shares $54,676,304 6.71% 10,069,301 $4,361,526 Up ×4
STNE StoneCo Ltd. - Class A Common Share $40,619,323 4.99% 3,747,170 $-53,451,689 Down ×1
MELI MercadoLibre, Inc. - Common Stock $28,516,152 3.50% 16,800 Call option Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
INTR $54,676,304 6.71% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
QQQ $71,209,880 96,700 8.74%
MELI $28,516,152 16,800 3.50%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MELI Trimmed -31K -$59.1M
STNE Trimmed -2.9M -$53.5M
NU Bought more +2.2M +$7.1M
INTR Bought more +3.7M +$4.4M

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 June 30, 2026 3,909,501 $74,436,899 1.2%
VALE June 30, 2026 240,000 $3,818,400 -3.6%
MELI June 30, 2025 1,643 $3,205,279 -25.9%