Pangea Capital Gestao de Recursos Ltda.

Q2 2025 13F-HR Holdings

Location
Rio De Janeiro, D5
Holdings as of
6/30/2025
Date filed
8/17/2026
Form type
13F-HR
Num holdings
8
Total value ($000)
$111,635
Net value change ($000)
-8,314 (-6.9%)
New positions
2
Sold out positions
0
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/2/2026 Next filing: 7/21/2026 SEC filing

Snapshot: Change Analysis

Compared to Q1 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)
AMZN 4,501 29.9%
EWZ 767 24.5%
META 664 NEW
BC 278 103.3%
RICK 225 NEW
Top Reduces (Value $000, Stocks/ETFs)
BRK-B -13,838 -15.1%
BRK-B -835 -8.7%
LGIH -74 -22.3%
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