2026 Q1 Portfolio Activity
In 2026 Q1, TB Capital Gestao de Recursos Ltda. maintained a portfolio of 17 distinct positions. The most significant new addition was SAP SE, now representing 8.14% of the total fund value. They heavily accumulated shares in BOOKING HOLDINGS INC, increasing the position by 79.3%. The fund also reduced its exposure to TAIWAN SEMICONDUCTOR MFG LTD by 69.3%.
Position History
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Total Positions
17
Quarter
2026 Q1
Top Holding
ABNB (14.9%)
Top 10 Concentration
76.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-17 of 17
TB Capital Gestao de Recursos Ltda. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 14.88% | 18.13% |
#1
Prev: #1
|
6.5 |
—
|
-31,498 | -14.1% |
P
S
|
192,562 | $24,316,729 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 10.84% | 7.49% |
#2
4
Prev: #6
|
8.5 |
—
|
1,861 | 79.3% |
P
S
|
4,207 | $17,712,816 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SAP
SAP SE
|
Technology | 8.14% | — |
#3
Prev: #—
|
7.8 |
—
|
77,681 | — |
NEW
|
77,681 | $13,299,764 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
APO
APOLLO GLOBAL M...
|
Financial Services | 8.00% | 8.78% |
#4
1
Prev: #3
|
5.7 |
—
|
15,627 | 15.4% |
P
S
|
117,384 | $13,078,925 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 7.71% | 4.92% |
#5
4
Prev: #9
|
6.6 |
—
|
384,295 | 77.9% |
P
S
|
877,447 | $12,608,913 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DLO
DLOCAL LTD
|
Technology | 6.39% | 7.79% |
#6
1
Prev: #5
|
3.1 |
—
|
-118,912 | -12.9% |
P
S
|
804,856 | $10,438,982 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 6.34% | 5.53% |
#7
1
Prev: #8
|
5.0 |
—
|
8,835 | 46.1% |
P
S
|
28,006 | $10,366,981 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 5.75% | 7.91% |
#8
4
Prev: #4
|
2.8 |
—
|
-64,567 | -11.5% |
P
S
|
497,606 | $9,394,801 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
META
META PLATFORMS ...
|
Communication Services | 4.77% | 4.02% |
#9
1
Prev: #10
|
4.4 |
—
|
3,425 | 33.6% |
P
S
|
13,630 | $7,798,132 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 4.00% | — |
#10
Prev: #—
|
5.1 |
—
|
37,505 | — |
NEW
|
37,505 | $6,540,872 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 3.89% | 11.10% |
#11
9
Prev: #2
|
1.6 |
—
|
-42,422 | -69.3% |
P
S
|
18,829 | $6,363,261 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
V
VISA INC
|
Financial Services | 3.79% | 3.92% |
#12
1
Prev: #11
|
3.5 |
—
|
1,760 | 9.4% |
P
S
|
20,521 | $6,202,267 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 3.77% | 3.80% |
#13
1
Prev: #12
|
3.5 |
—
|
1,169 | 10.5% |
P
S
|
12,349 | $6,170,301 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
MERCADOLIBRE IN...
|
|
Unknown | 3.70% | 3.55% |
#14
1
Prev: #13
|
3.5 |
—
|
538 | 18.2% |
P
S
|
3,495 | $6,042,925 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
ADBE
ADOBE INC
|
Technology | 3.52% | 6.21% |
#15
8
Prev: #7
|
1.4 |
—
|
-6,094 | -20.5% |
P
S
|
23,685 | $5,757,350 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 2.62% | 3.35% |
#16
1
Prev: #15
|
1.5 |
—
|
-3,767 | -15.5% |
P
S
|
20,598 | $4,289,945 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 1.88% | 3.50% |
#17
3
Prev: #14
|
0.8 |
—
|
-8,002 | -42.8% |
P
S
|
10,712 | $3,072,844 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-17 of 17 holdings