Turim 21 Investimentos Ltda.

CIK

1652174

Location

RIO DE JANEIRO, D5

Portfolio Value

Small $163,153,140

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,319 / 8,232 ▲ 1795

Top Industry

Other Industrial Metals & Mining 27.4%

3Y Alpha vs SPY

+3.7%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+93.0%

SPY

+76.3%

Annualised alpha

+3.7%

Max drawdown

−19.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

76 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

26.1%

−26.4 pts

Top 5

85.5%

+2.2 pts

Top 10

96.2%

+3.7 pts

HHI

1,781

Moderately concentrated−1,293

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	26.5%	$43,219,740	14
Basic Materials	26.5%	$43,200,316	3
Consumer Cyclical	21.8%	$35,490,023	6
Technology	20.2%	$32,883,659	16
Unclassified	3.3%	$5,407,427	9
Communication Services	1.0%	$1,566,731	4
Energy	0.4%	$718,147	6
Consumer Defensive	0.2%	$335,746	4
Industrials	0.2%	$260,122	8
Healthcare	0.0%	$71,229	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	+101,406	118,177	$24,612,723
IBIT	iShares Bitcoin Trust ETF	+92,294	121,192	$4,656,196
MSFT	Microsoft Corp	+50,852	57,284	$21,204,818
GGAL	Grupo Financiero Galicia SA	+17,746	41,586	$1,942,482
NVDA	Nvidia Corp	+749	1,268	$221,139
EL	Estee Lauder Companies Inc	+290	3,788	$271,864
GOOGL	Alphabet Inc.	+119	593	$170,523
META	Meta Platforms, Inc.	+10	35	$20,024
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
VALE	Vale S.A.	−452,770	2,678,876	$42,620,917
BBD	Bank Bradesco	−64,021	1,980	$7,227
DMRC	Digimarc Corp	−39,672	20,087	$98,627
SGML	Sigma Lithium Corp	−10,000	45,000	$555,300
ETHE	Grayscale Ethereum Staking ETF	−3,650	16,600	$283,362
BITW	Bitwise 10 Crypto Index ETF	−3,038	5,062	$225,800
DIS	Walt Disney Co	−1,010	14,169	$1,365,608
TSLA	Tesla, Inc.	−294	108	$40,149
AAPL	Apple Inc.	−133	6,967	$1,768,154
NFLX	Netflix Inc	−30	110	$10,576
AVGO	Broadcom Inc.	−1	50	$15,475
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BMA	Macro Bank Inc.	528,547	$40,893,681
PAGS	PagSeguro Digital Ltd.	149,618	$1,499,172
HAL	Halliburton Co	5,068	$197,601
SLB	Slb Limited/Nv	3,731	$191,736
LHX	L3harris Technologies, Inc. /De/	462	$159,459
JPM	Jpmorgan Chase & Co	210	$61,773
CAT	Caterpillar Inc	65	$46,049
WMT	Walmart Inc.	296	$36,786
MS	Morgan Stanley	194	$31,926
ETH	Grayscale Ethereum Staking Mini ETF	1,500	$29,790
GS	Goldman Sachs Group Inc	29	$24,533
FCX	Freeport-Mcmoran Inc	410	$24,099
COST	Costco Wholesale Corp /New	24	$23,914
GSK	GSK plc	404	$22,296
BAC	Bank Of America Corp /De/	447	$21,791
HD	Home Depot, Inc.	65	$21,377
SAN	Banco Santander, S.A.	1,699	$19,164
AXP	American Express Co	63	$19,056
ISRG	Intuitive Surgical Inc	32	$14,751
MRK	Merck & Co., Inc.	114	$13,713
IR	Ingersoll Rand Inc.	163	$13,059
BCS	Barclays PLC	472	$9,987
ORCL	Oracle Corp	63	$9,267
TSM	Taiwan Semiconductor Manufacturing Co Ltd	26	$8,786
ABBV	AbbVie Inc.	39	$8,482
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CCJ	Cameco Corp	5,457	$499,260
BUD	Anheuser-Busch InBev SA/NV	3,820	$244,632
PG	PROCTER & GAMBLE Co	1,334	$191,175
INTU	Intuit Inc.	95	$62,929
WIW	Western Asset Inflation-Linked Opportunities & Income Fund	5,030	$43,207
DIA	Spdr Dow Jones Industrial Average ETF Trust	81	$38,926
BHK	Blackrock Core Bond Trust	2,730	$26,180
SHOP	Shopify Inc.	117	$18,833
ISD	PGIM High Yield Bond Fund, Inc.	1,263	$18,275
JPC	Nuveen Preferred & Income Opportunities Fund	2,215	$17,963
PFN	PIMCO Income Strategy Fund II	2,390	$17,925
EVV	Eaton Vance Ltd Duration Income Fund	1,799	$17,828
ERC	Allspring Multi-Sector Income Fund	1,911	$17,772
ARDC	Ares Dynamic Credit Allocation Fund, Inc.	1,332	$17,715
BTZ	Blackrock Credit Allocation Income Trust	1,633	$17,685
ETY	Eaton Vance Tax-Managed Diversified Equity Income Fund	1,151	$17,656
MELI	Mercadolibre Inc	8	$16,114
XOM	Exxon Mobil Corp	81	$9,747
VZ	Verizon Communications Inc	232	$9,449
ETV	Eaton Vance Tax-Managed Buy-Write Opportunities Fund	650	$9,334
NEE	Nextera Energy Inc	106	$8,509
VTEX	Vtex	2,227	$8,373
UNH	Unitedhealth Group Inc	24	$7,922
PANW	Palo Alto Networks Inc	43	$7,920
AMD	Advanced Micro Devices Inc	26	$5,568
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

76 positions · $163,153,140 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 76 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VALE	Vale S.A. Basic Materials	Reduced	2,678,876	-452,770	$42,620,917	+4.4%	26.12%
BMA	Macro Bank Inc. Financial Services	NEW	528,547	NEW	$40,893,681	NEW	25.06%
AMZN	Amazon Com Inc Consumer Cyclical	Added	118,177	+101,406	$24,612,723	+535.8%	15.09%
MSFT	Microsoft Corp Technology	Added	57,284	+50,852	$21,204,818	+581.7%	13.00%
CROX	Crocs, Inc. Consumer Cyclical	Held	123,215	0	$10,229,309	−2.9%	6.27%
ERIC	Ericsson Lm Telephone Co Technology	Held	670,000	0	$7,550,900	+16.8%	4.63%
IBIT	iShares Bitcoin Trust ETF	Added	121,192	+92,294	$4,656,196	+224.5%	2.85%
GGAL	Grupo Financiero Galicia SA Financial Services	Added	41,586	+17,746	$1,942,482	+51.1%	1.19%
AAPL	Apple Inc. Technology	Reduced	6,967	-133	$1,768,154	−8.4%	1.08%
PAGS	PagSeguro Digital Ltd. Technology	NEW	149,618	NEW	$1,499,172	NEW	0.92%
DIS	Walt Disney Co Communication Services	Reduced	14,169	-1,010	$1,365,608	−20.9%	0.84%
SW	Smurfit Westrock plc Consumer Cyclical	Held	14,705	0	$585,994	+3.1%	0.36%
SGML	Sigma Lithium Corp Basic Materials	Reduced	45,000	-10,000	$555,300	−23.5%	0.34%
CRM	Salesforce, Inc. Technology	Held	2,420	0	$451,741	−29.5%	0.28%
ETHE	Grayscale Ethereum Staking ETF	Reduced	16,600	-3,650	$283,362	−42.6%	0.17%
SHEL	Shell plc Energy	Held	2,940	0	$273,420	+26.6%	0.17%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	3,788	+290	$271,864	−25.8%	0.17%
BITW	Bitwise 10 Crypto Index ETF	Reduced	5,062	-3,038	$225,800	−52.6%	0.14%
NVDA	Nvidia Corp Technology	Added	1,268	+749	$221,139	+128.5%	0.14%
HAL	Halliburton Co Energy	NEW	5,068	NEW	$197,601	NEW	0.12%
SLB	Slb Limited/Nv Energy	NEW	3,731	NEW	$191,736	NEW	0.12%
GOOGL	Alphabet Inc. Communication Services	Added	593	+119	$170,523	+14.9%	0.10%
OBDC	Blue Owl Capital Corp Financial Services	Held	15,416	0	$170,500	−11.0%	0.10%
LHX	L3harris Technologies, Inc. /De/ Industrials	NEW	462	NEW	$159,459	NEW	0.10%
DMRC	Digimarc Corp Technology	Reduced	20,087	-39,672	$98,627	−74.8%	0.06%
JPM	Jpmorgan Chase & Co Financial Services	NEW	210	NEW	$61,773	NEW	0.04%
HODL	VanEck Bitcoin ETF	Held	2,708	0	$51,885	−22.5%	0.03%
FBTC	Fidelity Wise Origin Bitcoin Fund	Held	877	0	$51,769	−22.6%	0.03%
ARKB	Ark 21Shares Bitcoin ETF	Held	2,301	0	$51,749	−22.6%	0.03%
BITB	Bitwise Bitcoin ETF	Held	1,405	0	$51,718	−22.6%	0.03%
BP	Bp PLC Energy	Held	1,029	0	$48,363	+35.3%	0.03%
CAT	Caterpillar Inc Industrials	NEW	65	NEW	$46,049	NEW	0.03%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	108	-294	$40,149	−77.8%	0.02%
WMT	Walmart Inc. Consumer Defensive	NEW	296	NEW	$36,786	NEW	0.02%
MS	Morgan Stanley Financial Services	NEW	194	NEW	$31,926	NEW	0.02%
ETH	Grayscale Ethereum Staking Mini ETF	NEW	1,500	NEW	$29,790	NEW	0.02%
GS	Goldman Sachs Group Inc Financial Services	NEW	29	NEW	$24,533	NEW	0.02%
FCX	Freeport-Mcmoran Inc Basic Materials	NEW	410	NEW	$24,099	NEW	0.01%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	24	NEW	$23,914	NEW	0.01%
GSK	GSK plc Healthcare	NEW	404	NEW	$22,296	NEW	0.01%
BAC	Bank Of America Corp /De/ Financial Services	NEW	447	NEW	$21,791	NEW	0.01%
HD	Home Depot, Inc. Consumer Cyclical	NEW	65	NEW	$21,377	NEW	0.01%
META	Meta Platforms, Inc. Communication Services	Added	35	+10	$20,024	+21.3%	0.01%
SAN	Banco Santander, S.A. Financial Services	NEW	1,699	NEW	$19,164	NEW	0.01%
AXP	American Express Co Financial Services	NEW	63	NEW	$19,056	NEW	0.01%
JOBY	Joby Aviation, Inc. Industrials	Held	2,057	0	$16,990	−37.4%	0.01%
AVGO	Broadcom Inc. Technology	Reduced	50	-1	$15,475	−12.3%	0.01%
BILL	BILL Holdings, Inc. Technology	Held	392	0	$15,013	−29.8%	0.01%
ISRG	Intuitive Surgical Inc Healthcare	NEW	32	NEW	$14,751	NEW	0.01%
FIG	Figma, Inc. Technology	Held	653	0	$13,804	−43.4%	0.01%