Turim 21 Investimentos Ltda.

Q4 2025 13F-HR Holdings

Location
Rio De Janeiro, D5
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
115
Total value ($000)
$258,997
Net value change ($000)
-38,178 (-12.8%)
New positions
19
Sold out positions
21
Turnover %
4.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VALE 6,795 20.0%
EFA 3,209 8.2%
VTI 1,959 2.2%
IEMG 1,913 15.0%
ERIC 925 16.7%
GGAL 798 163.5%
SGML 723 NEW
SW 646 98.5%
BITW 476 NEW
EMXC 281 7.7%
Top Reduces (Value $000, Stocks/ETFs)
BIL -31,778 -93.5%
VTWO -8,788 -100.0%
TIP -3,704 -83.7%
GOOGL -2,693 -58.0%
PIONEER NATURAL RESOURCES CO -1,882 -50.8%
MSFT -1,571 -33.6%
IEF -887 -81.0%
IEI -839 -76.4%
IBIT -814 -36.2%
AMZN -602 -13.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type