Turim 21 Investimentos Ltda.

Registered adviser

CIK

1652174

Location

RIO DE JANEIRO, D5

Portfolio Value

Small $412,296,274

Diversification

Diversified

Filing Date

Global Rank

#4,342 / 8,821 ▲ 475

Top Industry

Other Industrial Metals & Mining 27.4%

Period ended 4 months ago

Filed Aug 10, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 286618

Roster of Oct 1, 2026

Regulatory AUM

$7,239,335,743

Main clients

Individuals and high net worth (66% of AUM)

Private funds

5 funds · Venture capital funds

Focus by fund count, roster of Oct 1, 2026

$138,552,563 gross assets

Private funds on Schedule D 7.B.(1)

As filed Jul 25, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$84,394,823 gross assets in 4 funds Venture capital funds $84,394,823 (4)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$7,239,335,743	Individuals and high net worth (66%)
Apr 2025 to Mar 2026	$5,233,960,613	Individuals and high net worth (63%)
Apr 2024 to Mar 2025	$5,364,571,913	Individuals and high net worth (70%)
May 2023 to Mar 2024	$5,060,540,809	Individuals and high net worth (80%)
Apr 2023	$5,060,540,809	Individuals and high net worth (80%)
Apr 2022 to Mar 2023	$5,263,897,706	Individuals and high net worth (86%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 92.5% of the book (60%+)

Turnover

Medium turnover

49.3% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 12.0 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 82.7%; sector active share 60.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

118 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

21.8%

+0.3 pts

Top 5

74.0%

+4.5 pts

Top 10

92.5%

+0.8 pts

HHI

1,370

Diversified+178

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.7%	$271,063,728	45
Basic Materials	9.4%	$38,749,214	3
Technology	8.1%	$33,402,002	18
Consumer Cyclical	6.5%	$26,603,760	6
Communication Services	6.2%	$25,530,783	5
Financial Services	3.7%	$15,203,911	15
Energy	0.1%	$584,961	6
Industrials	0.1%	$403,509	10
Healthcare	0.1%	$378,653	6
Consumer Defensive	0.1%	$375,753	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
EWZ	iShares MSCI Brazil ETF	+2,591,366	2,602,639	$89,791,045
IEMG	iShares Trust	+431,945	438,836	$36,353,174
PAGS	PagSeguro Digital Ltd.	+201,605	351,223	$3,178,568
CROX	Crocs, Inc.	+50,817	174,032	$1,634,160
SPXU	ProShares UltraPro Short S&P500	+17,070	51,475	$1,908,178
ISHG	iShares 1-3 Year International Treasury Bond ETF	+15,937	476,912	$35,410,716
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+6,844	209,279	$77,441,601
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	+5,052	121,344	$14,733,588
—		+4,452	39,811	$974,175
IEFA	iShares Core MSCI EAFE ETF	+3,610	4,123	$398,199
MSFT	Microsoft Corp	+3,115	60,399	$22,530,034
—		+1,000	5,683	$876,659
EL	Estee Lauder Companies Inc	+259	4,047	$319,510
LLY	ELI LILLY & Co	+254	261	$313,051
GOOGL	Alphabet Inc.	+180	773	$276,247
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
VALE	Vale S.A.	−133,618	2,545,258	$38,280,680
AMZN	Amazon Com Inc	−16,556	101,621	$24,220,349
SGML	Sigma Lithium Corp	−10,000	35,000	$442,750
GOOG	Alphabet Inc.	−7,664	67,538	$23,863,201
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
XYZ	Block, Inc.	67,721	$5,146,796
EWY	iShares Trust	2,375	$479,512
SPCX	Space Exploration Technologies Corp	807	$137,884
EMXC	iShares MSCI Emerging Markets ex China ETF	1,293	$132,273
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	1,036	$110,779
SLV	iShares Silver Trust	1,675	$89,562
VTEX	Vtex	2,570	$10,280
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
ERIC	Ericsson Lm Telephone Co	670,000	$7,550,900
GDX	VanEck Gold Miners ETF	2,788	$255,854
VV	VANGUARD LARGE-CAP INDEX FUND	505	$150,919
AMBI	Ambipar Emergency Response	128,800	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

118 tracked positions · $412,296,274 total · filing declares 122 positions · $613,260,036 · as of Jun 30, 2026

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

Showing 1–50 of 118 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
EWZ	iShares MSCI Brazil ETF	Added	2,602,639	+2,591,366	$89,791,045	+20648.0%	21	$37.32	21.78%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	209,279	+6,844	$77,441,601	+19.2%	4	unpriced	18.78%
VALE	Vale S.A. Basic Materials	Reduced	2,545,258	-133,618	$38,280,680	−10.2%	19	$15.02	9.28%
IEMG	iShares Trust	Added	438,836	+431,945	$36,353,174	—	4	unpriced	8.82%
ISHG	iShares 1-3 Year International Treasury Bond ETF	Added	476,912	+15,937	$35,410,716	+3.6%	2	unpriced	8.59%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	101,621	-16,556	$24,220,349	−1.6%	21	unpriced	5.87%
GOOG	Alphabet Inc. Communication Services	Reduced	67,538	-7,664	$23,863,201	+10.6%	21	unpriced	5.79%
MSFT	Microsoft Corp Technology	Added	60,399	+3,115	$22,530,034	+6.2%	21	$408.68	5.46%
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	Added	121,344	+5,052	$14,733,588	+26.5%	2	$104.65	3.57%
BMA	Macro Bank Inc. Financial Services	Held	528,547	0	$9,713,857	−76.2%	2	$84.97	2.36%
XYZ	Block, Inc. Technology	NEW	67,721	NEW	$5,146,796	NEW	1	$70.30	1.25%
IBIT	iShares Bitcoin Trust ETF	Held	121,192	0	$4,034,481	−13.4%	4	$48.48	0.98%
PAGS	PagSeguro Digital Ltd. Technology	Added	351,223	+201,605	$3,178,568	+112.0%	2	$9.99	0.77%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	4	0	$2,995,400	+4.3%	22	$394,644.40	0.73%
URNM		Held	47,482	0	$2,497,077	−16.7%	2	$68.32	0.61%
		Held	23,246	0	$2,130,263	0.0%	6	$91.59	0.52%
GGAL	Grupo Financiero Galicia SA Financial Services	Held	41,586	0	$2,080,547	+7.1%	9	$46.43	0.50%
AAPL	Apple Inc. Technology	Held	6,967	0	$2,015,971	+14.0%	21	$197.50	0.49%
SPXU	ProShares UltraPro Short S&P500	Added	51,475	+17,070	$1,908,178	−2.3%	4	unpriced	0.46%
CROX	Crocs, Inc. Consumer Cyclical	Added	174,032	+50,817	$1,634,160	+14.3%	4	unpriced	0.40%
DIS	Walt Disney Co Communication Services	Held	14,169	0	$1,363,766	−0.1%	21	$170.53	0.33%
		Added	39,811	+4,452	$974,175	−3.1%	6	$35.58	0.24%
		Added	5,683	+1,000	$876,659	+3.0%	4	$135.84	0.21%
TIP	iShares TIPS Bond ETF	Held	6,570	0	$718,955	−0.8%	6	unpriced	0.17%
SW	Smurfit Westrock plc Consumer Cyclical	Held	14,705	0	$680,253	+16.1%	5	$42.81	0.16%
IEF	iShares 7-10 Year Treasury Bond ETF	Held	6,026	0	$569,878	−0.9%	6	unpriced	0.14%
EWY	iShares Trust	NEW	2,375	NEW	$479,512	NEW	1	unpriced	0.12%
SGML	Sigma Lithium Corp Basic Materials	Reduced	35,000	-10,000	$442,750	−20.3%	3	$8.61	0.11%
IEFA	iShares Core MSCI EAFE ETF	Added	4,123	+3,610	$398,199	+757.4%	6	unpriced	0.10%
IVV	iShares Core S&P 500 ETF	Held	436	0	$326,516	+14.6%	3	unpriced	0.08%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	4,047	+259	$319,510	+17.5%	4	$90.23	0.08%
LLY	ELI LILLY & Co Healthcare	Added	261	+254	$313,051	+4762.6%	2	$1,021.52	0.08%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	Held	3,392	0	$280,348	−0.1%	11	$83.19	0.07%
GOOGL	Alphabet Inc. Communication Services	Added	773	+180	$276,247	+62.0%	16	unpriced	0.07%
IEI	iShares 3-7 Year Treasury Bond ETF	Held	2,335	0	$274,245	−1.0%	6	unpriced	0.07%
NVDA	Nvidia Corp Technology	Held	1,268	0	$253,714	+14.7%	9	unpriced	0.06%
SHEL	Shell plc Energy	Held	2,940	0	$227,967	−16.6%	3	$73.66	0.06%
ETHE	Grayscale Ethereum Staking ETF	Held	16,600	0	$211,816	−25.2%	4	$32.37	0.05%
IVE	iShares S&P 500 Value ETF	Held	929	0	$210,938	+7.5%	18	unpriced	0.05%
BITW	Bitwise 10 Crypto Index ETF	Held	5,062	0	$190,229	−15.8%	3	$67.51	0.05%
SLB	Slb Limited Energy	Held	3,731	0	$173,454	−9.5%	2	$48.54	0.04%
HAL	Halliburton Co Energy	Held	5,068	0	$172,058	−12.9%	2	$34.60	0.04%
OBDC	Blue Owl Capital Corp Financial Services	Held	15,416	0	$167,571	−1.7%	6	$15.02	0.04%
DMRC	Digimarc Corp Technology	Held	20,087	0	$165,115	+67.4%	6	$27.89	0.04%
MUB	iShares National Muni Bond ETF	Held	1,514	0	$162,936	+1.4%	2	unpriced	0.04%
SPCX	Space Exploration Technologies Corp Industrials	NEW	807	NEW	$137,884	NEW	1	unpriced	0.03%
LHX	L3harris Technologies, Inc. Industrials	Held	462	0	$134,252	−15.8%	2	$349.48	0.03%
EMXC	iShares MSCI Emerging Markets ex China ETF	NEW	1,293	NEW	$132,273	NEW	1	$94.36	0.03%
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	NEW	1,036	NEW	$110,779	NEW	1	$117.41	0.03%
MSOS	AdvisorShares Pure US Cannabis ETF	Held	21,727	0	$110,373	+43.1%	21	unpriced	0.03%

Showing the top 50 of 118 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.