2026 Q2 Portfolio Activity
In 2026 Q2, TB Capital Gestao de Recursos Ltda. maintained a portfolio of 21 distinct positions. The most significant new addition was S&P GLOBAL INC, now representing 5.80% of the total fund value. They heavily accumulated shares in VISA INC, increasing the position by 49.6%. The fund also reduced its exposure to AIRBNB INC by 32.7%.
Position History
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Total Positions
21
Quarter
2026 Q2
Top Holding
BKNG (12.4%)
Top 10 Concentration
77.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-21 of 21
TB Capital Gestao de Recursos Ltda. Full Holdings List — 2026 Q2
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 12.44% | 10.84% |
#1
1
Prev: #2
|
9.0 |
—
|
123,310 | 2931.1% |
P
S
|
127,517 | $22,728,630 |
$179.01
-2.6%
|
2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 10.15% | 14.88% |
#2
1
Prev: #1
|
5.5 |
—
|
-62,987 | -32.7% |
P
S
|
129,575 | $18,542,183 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 9.19% | 7.71% |
#3
2
Prev: #5
|
7.2 |
—
|
379,397 | 43.2% |
P
S
|
1,256,844 | $16,791,436 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
DLO
DLOCAL LTD
|
Technology | 7.91% | 6.39% |
#4
2
Prev: #6
|
6.2 |
—
|
307,756 | 38.2% |
P
S
|
1,112,612 | $14,452,829 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SAP
SAP SE
|
Technology | 7.75% | 8.14% |
#5
2
Prev: #3
|
5.6 |
—
|
14,160 | 18.2% |
P
S
|
91,841 | $14,153,617 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 6.82% | 5.75% |
#6
2
Prev: #8
|
5.2 |
—
|
219,599 | 44.1% |
P
S
|
717,205 | $12,457,851 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
APO
APOLLO GLOBAL M...
|
Financial Services | 6.34% | 8.00% |
#7
3
Prev: #4
|
3.0 |
—
|
-19,432 | -16.6% |
P
S
|
97,952 | $11,588,701 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 5.80% | — |
#8
Prev: #—
|
5.8 |
—
|
26,027 | — |
NEW
|
26,027 | $10,599,756 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
V
VISA INC
|
Financial Services | 5.76% | 3.79% |
#9
3
Prev: #12
|
4.8 |
—
|
10,172 | 49.6% |
P
S
|
30,693 | $10,530,461 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 4.88% | 6.34% |
#10
3
Prev: #7
|
2.5 |
—
|
-4,080 | -14.6% |
P
S
|
23,926 | $8,924,877 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 4.87% | 3.77% |
#11
2
Prev: #13
|
4.4 |
—
|
4,980 | 40.3% |
P
S
|
17,329 | $8,900,174 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
META
META PLATFORMS ...
|
Communication Services | 4.03% | 4.77% |
#12
3
Prev: #9
|
2.1 |
—
|
-549 | -4.0% |
P
S
|
13,081 | $7,368,396 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 3.12% | — |
#13
Prev: #—
|
4.7 |
—
|
3,360 | — |
NEW
|
3,360 | $5,703,230 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 2.91% | 3.89% |
#14
3
Prev: #11
|
1.2 |
—
|
-7,691 | -40.8% |
P
S
|
11,138 | $5,319,175 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
ADBE
ADOBE INC
|
Technology | 2.61% | 3.52% |
#15
Prev: #15
|
1.5 |
—
|
-416 | -1.8% |
P
S
|
23,269 | $4,770,610 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 2.57% | 2.62% |
#16
Prev: #16
|
1.5 |
—
|
-918 | -4.5% |
P
S
|
19,680 | $4,690,531 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 1.70% | 1.88% |
#17
Prev: #17
|
1.2 |
—
|
-1,920 | -17.9% |
P
S
|
8,792 | $3,106,477 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SPOT
SPOTIFY TECHNOL...
|
Communication Services | 1.13% | — |
#18
Prev: #—
|
4.0 |
—
|
4,503 | — |
NEW
|
4,503 | $2,067,462 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 0.00% | — |
#19
Prev: #—
|
3.5 |
—
|
18 | — |
NEW
|
18 | $6,433 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
MERCADOLIBRE IN...
|
|
Unknown | 0.00% | 3.70% |
Sold All 😨
(Was: #14) |
0.0 |
—
|
-3,495 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 0.00% | 4.00% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-37,505 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 |
Showing 1-21 of 21 holdings