Kapitalo Investimentos Ltda
Sector Allocation
- Other27.8%$210.5M
- Technology23.7%$179.8M
- Materials12.7%$96.2M
- Communication Services11.7%$88.4M
- Consumer Discretionary9.2%$69.9M
- Utilities7.8%$59.3M
- Industrials3.1%$23.7M
- Energy2.1%$16.2M
- Financials1.8%$13.5M
AUM History
13fpro.ai/research/fund/kapitalo-investimentos-ltda-1798686
Conviction and streaks
Concentrating · top 10 = 78.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- ISHARES$126.8M
TSM
$88.3MWBD
$81.4MAMZN
$68.7MVST
$51.1M- ISHARES$43.3M
ERO
$39.7MNVDA
$36.6MMU
$29.2MTECK
$28.7MSPY
$20.5MYMM
$13.5MYPF
$13.0MRIO
$12.1MEMBJ
$11.3M- JANUS$9.7M
SBS
$8.2MVALE
$8.2M- ISHARES$6.7M
EFX
$5.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/kapitalo-investimentos-ltda-1798686
Kapitalo Investimentos Ltda 13F holdings — Q3 2026
$881.1M portfolio (-44.1% QoQ) · 55 holdings · Q3 2026 13F · top 10 are 78% of the stock portfolio
Includes $123.7M of put/call options ($10.6M puts, $113.0M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $757.4M. Weights use the stock portfolio.
- 1
ISHARES TR - CORE S&P500 ETF
$126.8M
16.7% of stocks
-21%This quarter—Since filed—HeldAIQuality—Est. buy— $88.3M
11.7% of stocks
+6%This quarter-0.2%Since filed2+ qtrsHeld$81.4M
10.7% of stocks
+201%This quarter—Since filed2+ qtrsHeld$68.7M
9.1% of stocks
-40%This quarter-5.2%Since filed2+ qtrsHeld$51.1M
6.7% of stocks
+62%This quarter-5.7%Since filed2+ qtrsHeld- 6
ISHARES INC - MSCI STH KOR ETF
$43.3M
5.7% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— $39.7M
5.2% of stocks
+0.5%This quarter-5.1%Since filed2+ qtrsHeld$36.6M
4.8% of stocks
-57%This quarter-0.2%Since filed2+ qtrsHeld$29.2M
3.9% of stocks
+2644%This quarter+0.8%Since filed2+ qtrsHeld$28.7M
3.8% of stocks
+24%This quarter-6.3%Since filed2+ qtrsHeld
All holdings — Kapitalo Investimentos Ltda (Q3 2026)
55 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — CALL | ISHARES TR - CALL | — | $77.8M | — | 1.00M | +3900% | — | — | 13F |
| 12 | — CALL | ISHARES TR - CALL | — | $28.4M | — | 50K | +100% | — | — | 13F |
| 13 | SPDR S&P 500 ETF TRUSTetf/fund | — | $20.5M | 2.7% | 27K | -87% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Full Truck Alliance Co. Ltd. | Technology | $13.5M | 1.8% | 338K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | YPF SOCIEDAD ANONIMAadr | Energy | $13.0M | 1.7% | 259K | +0.5% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | RIO TINTO PLCadr | Materials | $12.1M | 1.6% | 128K | +0.5% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | EMBRAER S.A.adr | Industrials | $11.3M | 1.5% | 150K | -42% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | — PUT | ISHARES TR - PUT | — | $10.6M | — | 100K | -50% | — | — | 13F |
| 19 | — | JANUS DETROIT STR TR - HENDRSON AAA CL | — | $9.7M | 1.3% | 192K | New | — | — | 13F |
| 20 | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESPadr | Utilities | $8.2M | 1.1% | 1.55M | +1506% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Vale S.A.adr | Materials | $8.2M | 1.1% | 613K | -20% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | iShares Silver Trust | Financials | $6.8M | — | 125K | New | — | — | 13F | |
| 23 | — | ISHARES INC - MSCI CHILE ETFetf/fund | — | $6.7M | 0.9% | 178K | — | — | — | 13F |
| 24 | EQUIFAX INC | Financials | $5.7M | 0.8% | 42K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | XP Inc. | Financials | $4.7M | 0.6% | 226K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ROKU | ROKU, INC | Communication Services | $4.5M | 0.6% | 30K | New | |||
| 27 | $STNE | StoneCo Ltd. | Technology | $4.3M | 0.6% | 460K | New | |||
| 28 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $4.2M | 0.6% | 14K | New | |||
| 29 | $SE | Sea Ltd | Industrials | $4.2M | 0.6% | 43K | -40% | |||
| 30 | $LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | Materials | $3.5M | 0.5% | 381K | +0.6% | |||
| 31 | $SUZ | Suzano S.A. | Materials | $3.2M | 0.4% | 377K | -78% | |||
| 32 | $SPGI | S&P Global Inc. | Financials | $3.1M | 0.4% | 7,744 | -72% | |||
| 33 | — | ISHARES TR - CHINA LG-CAP ETF | — | $2.7M | 0.3% | 78K | +0.5% | |||
| 34 | $SLAB | SILICON LABORATORIES INC. | Technology | $2.4M | 0.3% | 11K | New | |||
| 35 | $META | Meta Platforms, Inc. | Technology | $2.3M | 0.3% | 3,223 | -97% | |||
| 36 | $EVEX | Eve Holding, Inc. | Industrials | $2.1M | 0.3% | 1.11M | +0.5% | |||
| 37 | $VAL | Valaris Ltd | Energy | $1.9M | 0.3% | 24K | New | |||
| 38 | $MSFT | MICROSOFT CORP | Technology | $1.8M | 0.2% | 3,535 | -88% | |||
| 39 | $IMXI | International Money Express, Inc. | Industrials | $1.8M | 0.2% | 156K | New | |||
| 40 | $VIV | TELEFONICA BRASIL S.A. | Communication Services | $1.4M | 0.2% | 124K | — | |||
| 41 | $PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | $1.2M | 0.2% | 58K | New | |||
| 42 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $839K | 0.1% | 5,150 | New | |||
| 43 | $NFLX | NETFLIX INC | Communication Services | $751K | 0.1% | 11K | -98% | |||
| 44 | $AAPL | Apple Inc. | Technology | $632K | 0.1% | 1,897 | -67% | |||
| 45 | — | ISHARES INC - MSCI BRAZIL ETF | — | $479K | 0.1% | 13K | New | |||
| 46 | $TSLX | Sixth Street Specialty Lending, Inc. | Other | $362K | 0.1% | 20K | — | |||
| 47 | $DIS | Walt Disney Co | Communication Services | $338K | 0.0% | 3,220 | — | |||
| 48 | $SNPS | SYNOPSYS INC | Technology | $333K | 0.0% | 765 | New | |||
| 49 | $BABA | Alibaba Group Holding Ltd | Consumer Discretionary | $312K | 0.0% | 2,900 | New | |||
| 50 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $302K | 0.0% | 630 | New | |||
| 51 | $VMC | Vulcan Materials CO | Materials | $296K | 0.0% | 1,210 | New | |||
| 52 | $APP | AppLovin Corp | Technology | $261K | 0.0% | 900 | New | |||
| 53 | $UGP | ULTRAPAR HOLDINGS INC | Energy | $174K | 0.0% | 24K | -97% | |||
| 54 | $GGB | GERDAU S.A. | Materials | $89K | 0.0% | 19K | -99% | |||
| 55 | $VTEX | VTEX | Technology | $37K | 0.0% | 10K | New |
What changed in Q3 2026
Against the previous quarter's 13F: 20 new, 14 added to, 16 trimmed, 25 sold out. Share-count changes; largest moves by dollar size first.
New positions (20)
- ISHARES INC - MSCI STH KOR ETF$43.3M
first bought this quarter
first bought this quarter
- JANUS DETROIT STR TR - HENDRSON AAA CL$9.7M
first bought this quarter
$SLVCALLiShares Silver Trust$6.8M
first bought this quarter
first bought this quarter
$ROKUROKU, INC$4.5M
first bought this quarter
+14 more in the Excel export
Added to (14)
- CALLISHARES TR - CALL+3900%
now $77.8M
now $81.4M · held 2+ qtrs
now $29.2M · held 2+ qtrs
now $51.1M · held 2+ qtrs
now $8.2M · held 2+ qtrs
now $28.7M · held 2+ qtrs
+8 more in the Excel export
Trimmed (16)
now $20.5M · held 2+ qtrs
$METAMeta Platforms, Inc.-97%
now $2.3M · held 2+ qtrs
now $36.6M · held 2+ qtrs
now $68.7M · held 2+ qtrs
- ISHARES TR - CORE S&P500 ETF-21%
now $126.8M
$NFLXNETFLIX INC-98%
now $751K · held 2+ qtrs
+10 more in the Excel export
Holdings by quarter
Every 13F Kapitalo Investimentos Ltda has filed, 31 earlier quarters. Pick one to see what it held then.
Is it too late to follow Kapitalo Investimentos Ltda?
Q3 2026 13F filed with the SEC on Oct 20, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Kapitalo Investimentos Ltda's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 9 of the 20 are scored)
Top 10 since filing
-3.0%
Value-weighted move of the 10 largest stock positions
Turnover
21%
Last quarter
Top 10 weight
78%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2026 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Kapitalo Investimentos Ltda disclosed 55 positions worth $881.1M in its Form 13F-HR for Q3 2026 — $757.4M in common stock plus $123.7M of put/call option positions (reported at underlying notional value, not premium at risk), followed by $TSM and $WBD. During the quarter the fund opened 20 new positions and exited 25 and a full exit from $TSLA. The portfolio is most concentrated in Other (27.8% of disclosed assets). All figures are sourced directly from Kapitalo Investimentos Ltda’s Form 13F-HR filing with the SEC under CIK 1798686.
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