TB Capital Gestao de Recursos Ltda.

Q1 2026 13F-HR Holdings

Location
Rio De Janeiro, D5
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
17
Total value ($000)
$163,456
Net value change ($000)
-4,285 (-2.6%)
New positions
2
Sold out positions
0
Turnover %
12.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
SAP 13,300 NEW
NVDA 6,541 NEW
BKNG 5,149 41.0%
NU 4,354 52.7%
MSFT 1,096 11.8%
META 1,062 15.8%
MELI 87 1.5%
Top Reduces (Value $000, Stocks/ETFs)
TSM -12,251 -65.8%
ABNB -6,092 -20.0%
ADBE -4,665 -44.8%
CPNG -3,867 -29.2%
GOOGL -2,799 -47.7%
DLO -2,623 -20.1%
APO -1,651 -11.2%
AMZN -1,334 -23.7%
V -378 -5.7%
MA -212 -3.3%
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