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 | $153.01 | -0.07% | 19.60% | -1.21% | $24.3M | 14.88% | — | HELD |
| 2 | BKNG | BOOKING HOLDINGS INC | $201.30 | 1.00% | -6.71% | 121.27% | $17.7M | 10.84% | — | HELD |
| 3 | SAP | SAP SE | $185.99 | 3.81% | -33.14% | 34.75% | $13.3M | 8.14% | — | HELD |
| 4 | APO | APOLLO GLOBAL MGMT INC | $119.77 | -3.95% | -8.39% | 128.82% | $13.1M | 8.00% | — | HELD |
| 5 | NU | NU HLDGS LTD | $14.04 | -4.36% | 16.51% | 89.22% | $12.6M | 7.71% | — | HELD |
| 6 | DLO | DLOCAL LTD | $14.59 | -1.95% | 48.21% | -75.69% | $10.4M | 6.39% | — | HELD |
| 7 | MSFT | MICROSOFT CORP | $390.54 | -0.71% | -24.89% | 34.54% | $10.4M | 6.34% | — | HELD |
| 8 | CPNG | COUPANG INC | $15.16 | -1.81% | -47.25% | -49.40% | $9.4M | 5.75% | — | HELD |
| 9 | META | META PLATFORMS INC | $585.61 | -1.31% | -20.62% | 57.79% | $7.8M | 4.77% | — | HELD |
| 10 | NVDA | NVIDIA CORPORATION | $190.01 | -3.55% | 13.56% | 782.99% | $6.5M | 4.00% | — | HELD |
| 11 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $374.67 | -4.50% | 61.05% | 241.53% | $6.4M | 3.89% | — | HELD |
| 12 | V | VISA INC | $368.73 | 0.58% | 9.62% | 67.02% | $6.2M | 3.79% | — | HELD |
| 13 | MA | MASTERCARD INCORPORATED | $563.32 | 0.10% | 1.24% | 67.59% | $6.2M | 3.77% | — | HELD |
| 14 | MELI | MERCADOLIBRE INC | $1863.31 | 0.04% | -21.62% | -0.28% | $6.0M | 3.70% | — | HELD |
| 15 | ADBE | ADOBE INC | $263.43 | 5.72% | -24.43% | -60.40% | $5.8M | 3.52% | — | HELD |
| 16 | AMZN | AMAZON COM INC | $226.65 | -1.82% | 7.50% | 33.03% | $4.3M | 2.62% | — | HELD |
| 17 | GOOG | ALPHABET INC | $335.76 | 0.95% | 75.60% | 130.67% | $3.1M | 1.88% | — | HELD |
Source: SEC EDGAR · accession 0001213900-26-057309. 13F discloses long positions only — shorts, foreign equities, and options are excluded.