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 Q-end—HeldAIQuality—Est. buy— $88.3M
11.7% of stocks
+6%This quarter—Since Q-end—HeldAIQuality—Est. buy—$81.4M
10.7% of stocks
+201%This quarter—Since Q-end—HeldAIQuality41.5#2,045Est. buy—$68.7M
9.1% of stocks
-40%This quarter—Since Q-end—HeldAIQuality67.5#361Est. buy—$51.1M
6.7% of stocks
+62%This quarter—Since Q-end—HeldAIQuality72.9#134Est. buy—- 6
ISHARES INC - MSCI STH KOR ETF
$43.3M
5.7% of stocks
NewThis quarter—Since Q-endNew this quarterHeldAIQuality—Est. buy— $39.7M
5.2% of stocks
+0.5%This quarter—Since Q-end—HeldAIQuality—Est. buy—$36.6M
4.8% of stocks
-57%This quarter—Since Q-end—Held$29.2M
3.9% of stocks
+2644%This quarter—Since Q-end—Held$28.7M
3.8% of stocks
+24%This quarter—Since Q-end—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR - CORE S&P500 ETF | $126.8M | 16.7% | -21% | — | — | — | — | |
| 2 | $88.3M | 11.7% | +6% | — | — | — | — | ||
| 3 | $81.4M | 10.7% | +201% | — | — | 41.5#2,045 | — | ||
| 4 | $68.7M | 9.1% | -40% | — | — | 67.5#361 | — | ||
| 5 | $51.1M | 6.7% | +62% | — | — | 72.9#134 | — | ||
| 6 | ISHARES INC - MSCI STH KOR ETF | $43.3M | 5.7% | New | — | New this quarter | — | — | |
| 7 | $39.7M | 5.2% | +0.5% | — | — | — | — | ||
| 8 | $36.6M | 4.8% | -57% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $29.2M | 3.9% | +2644% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $28.7M | 3.8% | +24% | — | — | — | — |
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% | — | — | 13F | |
| 14 | Full Truck Alliance Co. Ltd. | Technology | $13.5M | 1.8% | 338K | New | — | — | 13F | |
| 15 | YPF SOCIEDAD ANONIMAadr | Energy | $13.0M | 1.7% | 259K | +0.5% | — | — | 13F | |
| 16 | RIO TINTO PLCadr | Materials | $12.1M | 1.6% | 128K | +0.5% | — | — | 13F | |
| 17 | EMBRAER S.A.adr | Industrials | $11.3M | 1.5% | 150K | -42% | — | — | 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% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Vale S.A.adr | Materials | $8.2M | 1.1% | 613K | -20% | — | — | 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 | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | XP Inc. | Financials | $4.7M | 0.6% | 226K | — | — | — | 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
now $29.2M
now $51.1M
now $8.2M
now $28.7M
+8 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.
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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