Institutional
TB Capital Gestao de Recursos Ltda.
CIK 0002077092
$163.5M
Reported AUM
17
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · TB Capital Gestao de Recursos Ltda. · Q1 2026
AI · grounded in 13F
TB Capital Gestao de Recursos Ltda. established a new position in SAP valued at $13.3M. The fund also initiated a new stake in NVDA for $6.5M and increased its holdings in BKNG by 79.3%. Conversely, the fund trimmed its position in TSM by 69.3%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ABNB | AIRBNB INC | $152.08 | -0.61% | 19.52% | -1.28% | $24.3M | 14.88% | — | HELD |
| 2 | BKNG | BOOKING HOLDINGS INC | $193.24 | -4.00% | -5.78% | 123.48% | $17.7M | 10.84% | — | HELD |
| 3 | SAP | SAP SE | $180.88 | -2.75% | -34.97% | 31.05% | $13.3M | 8.14% | — | HELD |
| 4 | APO | APOLLO GLOBAL MGMT INC | $120.25 | 0.40% | -11.65% | 120.67% | $13.1M | 8.00% | — | HELD |
| 5 | NU | NU HLDGS LTD | $14.49 | 3.21% | 20.25% | 95.28% | $12.6M | 7.71% | — | HELD |
| 6 | DLO | DLOCAL LTD | $14.97 | 2.60% | 52.07% | -75.05% | $10.4M | 6.39% | — | HELD |
| 7 | MSFT | MICROSOFT CORP | $451.10 | 15.51% | -13.24% | 55.41% | $10.4M | 6.34% | — | HELD |
| 8 | CPNG | COUPANG INC | $16.09 | 6.13% | -44.02% | -46.30% | $9.4M | 5.75% | — | HELD |
| 9 | META | META PLATFORMS INC | $539.03 | -7.95% | -21.66% | 55.72% | $7.8M | 4.77% | — | HELD |
| 10 | NVDA | NVIDIA CORPORATION | $195.04 | 2.65% | 9.52% | 751.61% | $6.5M | 4.00% | — | HELD |
| 11 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $403.31 | 7.64% | 73.36% | 267.64% | $6.4M | 3.89% | — | HELD |
| 12 | V | VISA INC | $366.27 | -0.67% | 8.37% | 65.12% | $6.2M | 3.79% | — | HELD |
| 13 | MA | MASTERCARD INCORPORATED | $577.35 | 2.49% | 3.76% | 71.76% | $6.2M | 3.77% | — | HELD |
| 14 | MELI | MERCADOLIBRE INC | $1885.73 | 1.20% | -22.48% | -1.37% | $6.0M | 3.70% | — | HELD |
| 15 | ADBE | ADOBE INC | $247.90 | -5.90% | -28.98% | -62.78% | $5.8M | 3.52% | — | HELD |
| 16 | AMZN | AMAZON COM INC | $235.50 | 3.90% | 5.54% | 30.60% | $4.3M | 2.62% | — | HELD |
| 17 | GOOG | ALPHABET INC | $333.68 | -0.62% | 77.27% | 132.86% | $3.1M | 1.88% | — | HELD |
Source: SEC EDGAR · accession 0001213900-26-057309. 13F discloses long positions only — shorts, foreign equities, and options are excluded.