1y return+8.3%S&P 500 +20.9%
3y return+31.4%S&P 500 +68.5%
5y return−7.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $179 against $290 in the S&P 500.2
Kapitalo Investimentos LtdaS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $156.1M | 12.3% | +201.2% |
| SPYState Str Spdr S&p 500 Etf T | $150.3M | 11.8% | New |
| TSLATesla Inc | $126.4M | 9.9% | New |
| AMZNAmazon Com Inc | $109.4M | 8.6% | +87.4% |
| TSMTaiwan Semiconductor Manufac | $87.4M | 6.9% | +3726.4% |
| KRESpdr Series Trust | $75.4M | 5.9% | New |
| NVDANvidia Corporation | $74.2M | 5.8% | +61.8% |
| METAMeta Platforms Inc | $67.9M | 5.3% | +174.1% |
| Electronic Arts IncCUSIP 285512109 | $38.0M | 3.0% | −13.0% |
| VSTVistra Corp | $36.2M | 2.8% | +4.8% |
| NFLXNetflix Inc. | $34.3M | 2.7% | New |
| EROEro Copper Corp | $28.8M | 2.3% | |
| PLTRPalantir Technologies Inc | $25.7M | 2.0% | New |
| Warner Bros Discovery IncCUSIP 934423104 | $23.3M | 1.8% | +101.5% |
| TECKTeck Resources Ltd | $21.0M | 1.6% | |
| EMBJEmbraer S.a. | $16.5M | 1.3% | +97.5% |
| AXIAYAxia Energia Sa | $13.4M | 1.1% | +578.7% |
| SUZSuzano S A | $13.3M | 1.0% | +56.1% |
| MAMastercard Incorporated | $12.8M | 1.0% | +3889.9% |
| RIORio Tinto PLC | $12.1M | 1.0% | |
| YPFYpf Sociedad Anonima | $11.7M | 0.9% | |
| VALEVale S A | $11.5M | 0.9% | +16.6% |
| MSFTMicrosoft Corp | $10.9M | 0.9% | −24.3% |
| SPGIS&p Global Inc | $10.9M | 0.9% | +3563.8% |
| Nu Hldgs LtdCUSIP G6683N103 | $10.8M | 0.9% | +16.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | March 31, 2025 | +187.7% | $87.4M |
| YPFYpf Sociedad Anonima | September 30, 2025 | +87.2% | $11.7M |
| EROEro Copper Corp | December 31, 2023 | +69.4% | $28.8M |
| TECKTeck Resources Ltd | March 31, 2025 | +63.2% | $21.0M |
| RIORio Tinto PLC | June 30, 2023 | +48.7% | $12.1M |
| AXIAYAxia Energia Sa | September 30, 2024 | +46.1% | $13.4M |
| AMZNAmazon Com Inc | March 31, 2025 | +25.3% | $109.4M |
| UGPUltrapar Participacoes Sa | September 30, 2025 | +22.4% | $3.9M |
| SESea Ltd | March 31, 2026 | +15.7% | $6.9M |
| NVDANvidia Corporation | March 31, 2026 | +14.7% | $74.2M |
Sold off last quarter
- Chart Inds IncCUSIP 16115Q308 was $29.6M
- Hologic IncCUSIP 436440101 was $21.4M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $7.7M
- Csg Sys Intl IncCUSIP 126349109 was $6.2M
- EPUIshares Tr was $2.2M
- PBRPetroleo Brasileiro S A was $2.2M
- SLABSilicon Laboratories Inc was $1.4M
- DELLDell Technologies Inc was $1.0M
- Arcellx IncCUSIP 03940C100 was $916K
- BKNGBooking Holdings Inc was $345K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.8% | +14.8% |
| March 31, 2026 | −6.7% | −4.6% |
| December 31, 2025 | +4.3% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +17.5% | +10.5% |
| March 31, 2025 | +2.2% | −4.6% |
| December 31, 2024 | −6.5% | +2.1% |
| September 30, 2024 | +7.7% | +5.4% |
| June 30, 2024 | −6.1% | +4.0% |
| March 31, 2024 | +4.8% | +10.0% |
| December 31, 2023 | +5.7% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +2.4% | +8.3% |
| March 31, 2023 | +9.4% | +7.0% |
| December 31, 2022 | −1.2% | +7.1% |
| September 30, 2022 | −11.8% | −5.3% |
| June 30, 2022 | −14.1% | −16.5% |
| March 31, 2022 | −5.1% | −4.9% |
| December 31, 2021 | −10.0% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Kapitalo Investimentos Ltda Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1798686&type=13F-HR&dateb=&owner=include&count=40CIK 1798686
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1798686/000179868626000004/Filed August 14, 2026 · accession 0001798686-26-000004