Kapitalo Investimentos Ltda

CIK

1798686

Location

SAO PAULO, D5

Portfolio Value

Small $542,737,985

Diversification

Diversified

Filing Date

Global Rank

#2,483 / 8,603 ▲ 358 · as of Mar 2026

Top Industry

Internet Retail 17.4%

3Y Alpha vs SPY

-2.5%

Period ended 3 months ago

Filed May 7, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+63.6%

SPY

+76.5%

Annualised alpha

-3.0%

Max drawdown

−18.9%

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

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

Top Position

17.0%

−12.6 pts

Top 5

47.0%

−14.7 pts

Top 10

67.9%

−14.5 pts

HHI

671

Diversified−578

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	17.3%	$94,122,108	7
Consumer Cyclical	17.0%	$92,393,802	3
Technology	16.7%	$90,641,510	8
Communication Services	15.3%	$82,798,771	5
Utilities	10.3%	$55,834,255	4
Industrials	7.4%	$40,156,010	3
Financial Services	5.5%	$29,817,993	8
Energy	4.3%	$23,251,189	3
Healthcare	4.1%	$22,351,467	2
Unclassified	1.9%	$10,405,440	1
Consumer Defensive	0.2%	$965,440	1

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
SUZ	Suzano S.A.	+310,283	1,094,733	$10,958,277
EA	Electronic Arts Inc.	+117,139	213,193	$43,463,656
VST	Vistra Corp.	+112,838	217,838	$32,747,586
AXIA	AXIA Energia S.A.	+111,448	187,303	$2,112,777
TECK	Teck Resources Ltd	+50,000	352,859	$18,260,453
UGP	Ultrapar Holdings Inc	+40,586	915,468	$5,044,228
EMBJ	Embraer S.A.	+31,825	131,197	$7,785,229
YPF	Ypf Sociedad Anonima	+570	257,612	$11,906,826
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
KVUE	Kenvue Inc.	−1,944,000	56,000	$965,440
VIV	Telefonica Brasil S.A.	−231,399	123,667	$1,967,541
AMZN	Amazon Com Inc	−123,001	441,865	$92,027,223
MSFT	Microsoft Corp	−32,652	38,750	$14,344,087
DIS	Walt Disney Co	−29,600	3,220	$310,343
META	Meta Platforms, Inc.	−12,649	43,993	$25,169,715
V	Visa Inc.	−9,655	1,070	$323,396
MA	Mastercard Inc	−5,540	625	$312,287
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−2,880	4,784	$1,616,752
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	−2,233	378,600	$4,198,674
No positions match the current search.

New Positions

Positions the filer opened this quarter

23 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	328,384	$57,270,169
GTLS	Chart Industries Inc	143,375	$29,642,781
HOLX	HOLOGIC INC	283,575	$21,435,434
AES	Aes Corp	1,415,635	$19,946,297
WBD	Warner Bros. Discovery, Inc.	432,903	$11,887,516
VALE	Vale S.A.	657,036	$10,453,442
SPY	Spdr S&P 500 ETF Trust	16,000	$10,405,440
NU	Nu Holdings Ltd.	696,041	$10,002,109
GGB	Gerdau S.A.	2,664,158	$9,617,610
CWAN	Clearwater Analytics Holdings, Inc.	324,166	$7,666,525
DBRG	DigitalBridge Group, Inc.	450,328	$6,944,057
PBR	Petrobras - Petroleo Brasileiro SA	303,621	$6,300,135
CSGS	Csg Systems International Inc	77,074	$6,161,295
BHF	Brighthouse Financial, Inc.	67,400	$4,035,912
WBS	Webster Financial Corp	51,913	$3,603,800
SLAB	Silicon Laboratories Inc.	6,867	$1,429,366
AAPL	Apple Inc.	4,475	$1,135,710
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	168,403	$1,027,595
DELL	Dell Technologies Inc.	6,200	$1,017,606
ACLX	Arcellx, Inc.	7,978	$916,033
SE	Sea Ltd	4,260	$352,770
SPGI	S&P Global Inc.	745	$299,790
BKNG	Booking Holdings Inc.	82	$13,809
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
PLTR	Palantir Technologies Inc.	200,000	$35,550,000
EXAS	EXACT SCIENCES CORP	64,428	$6,543,307
TGNA	TEGNA INC	168,689	$3,274,253
UNH	Unitedhealth Group Inc	8,826	$2,913,550
TEAM	Atlassian Corp	15,840	$2,568,297
TXNM	Txnm Energy Inc	39,978	$2,353,904
ABEV	Ambev S.A.	647,014	$1,598,124
ZM	Zoom Communications, Inc.	2,931	$252,915
GGAL	Grupo Financiero Galicia SA	3,763	$202,976
SID	National Steel Co	56,779	$90,846
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

45 positions · $542,737,985 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	441,865	-123,001	$92,027,223	−29.4%	16.96%
NVDA	Nvidia Corp Technology	NEW	328,384	NEW	$57,270,169	NEW	10.55%
EA	Electronic Arts Inc. Communication Services	Added	213,193	+117,139	$43,463,656	+121.5%	8.01%
VST	Vistra Corp. Utilities	Added	217,838	+112,838	$32,747,586	+93.3%	6.03%
GTLS	Chart Industries Inc Industrials	NEW	143,375	NEW	$29,642,781	NEW	5.46%
ERO	Ero Copper Corp. Basic Materials	Held	1,076,696	0	$28,715,482	−5.7%	5.29%
META	Meta Platforms, Inc. Communication Services	Reduced	43,993	-12,649	$25,169,715	−32.7%	4.64%
HOLX	HOLOGIC INC Healthcare	NEW	283,575	NEW	$21,435,434	NEW	3.95%
AES	Aes Corp Utilities	NEW	1,415,635	NEW	$19,946,297	NEW	3.68%
TECK	Teck Resources Ltd Basic Materials	Added	352,859	+50,000	$18,260,453	+25.9%	3.36%
MSFT	Microsoft Corp Technology	Reduced	38,750	-32,652	$14,344,087	−58.5%	2.64%
RIO	Rio Tinto PLC Basic Materials	Held	127,754	0	$11,918,170	+16.6%	2.20%
YPF	Ypf Sociedad Anonima Energy	Added	257,612	+570	$11,906,826	+28.1%	2.19%
WBD	Warner Bros. Discovery, Inc. Communication Services	NEW	432,903	NEW	$11,887,516	NEW	2.19%
SUZ	Suzano S.A. Basic Materials	Added	1,094,733	+310,283	$10,958,277	+49.6%	2.02%
VALE	Vale S.A. Basic Materials	NEW	657,036	NEW	$10,453,442	NEW	1.93%
SPY	Spdr S&P 500 ETF Trust	NEW	16,000	NEW	$10,405,440	NEW	1.92%
NU	Nu Holdings Ltd. Financial Services	NEW	696,041	NEW	$10,002,109	NEW	1.84%
GGB	Gerdau S.A. Basic Materials	NEW	2,664,158	NEW	$9,617,610	NEW	1.77%
EMBJ	Embraer S.A. Industrials	Added	131,197	+31,825	$7,785,229	+21.7%	1.43%
CWAN	Clearwater Analytics Holdings, Inc. Technology	NEW	324,166	NEW	$7,666,525	NEW	1.41%
DBRG	DigitalBridge Group, Inc. Financial Services	NEW	450,328	NEW	$6,944,057	NEW	1.28%
PBR	Petrobras - Petroleo Brasileiro SA Energy	NEW	303,621	NEW	$6,300,135	NEW	1.16%
CSGS	Csg Systems International Inc Technology	NEW	77,074	NEW	$6,161,295	NEW	1.14%
UGP	Ultrapar Holdings Inc Energy	Added	915,468	+40,586	$5,044,228	+52.9%	0.93%
XP	XP Inc. Financial Services	Held	225,664	0	$4,296,642	+16.3%	0.79%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Reduced	378,600	-2,233	$4,198,674	−14.9%	0.77%
BHF	Brighthouse Financial, Inc. Financial Services	NEW	67,400	NEW	$4,035,912	NEW	0.74%
WBS	Webster Financial Corp Financial Services	NEW	51,913	NEW	$3,603,800	NEW	0.66%
EVEX	Eve Holding, Inc. Industrials	Held	1,100,000	0	$2,728,000	−37.8%	0.50%
AXIA	AXIA Energia S.A. Utilities	Added	187,303	+111,448	$2,112,777	+204.1%	0.39%
VIV	Telefonica Brasil S.A. Communication Services	Reduced	123,667	-231,399	$1,967,541	−53.3%	0.36%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	4,784	-2,880	$1,616,752	−30.6%	0.30%
SLAB	Silicon Laboratories Inc. Technology	NEW	6,867	NEW	$1,429,366	NEW	0.26%
AAPL	Apple Inc. Technology	NEW	4,475	NEW	$1,135,710	NEW	0.21%
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp Utilities	NEW	168,403	NEW	$1,027,595	NEW	0.19%
DELL	Dell Technologies Inc. Technology	NEW	6,200	NEW	$1,017,606	NEW	0.19%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	56,000	-1,944,000	$965,440	−97.2%	0.18%
ACLX	Arcellx, Inc. Healthcare	NEW	7,978	NEW	$916,033	NEW	0.17%
SE	Sea Ltd Consumer Cyclical	NEW	4,260	NEW	$352,770	NEW	0.06%
V	Visa Inc. Financial Services	Reduced	1,070	-9,655	$323,396	−91.4%	0.06%
MA	Mastercard Inc Financial Services	Reduced	625	-5,540	$312,287	−91.1%	0.06%
DIS	Walt Disney Co Communication Services	Reduced	3,220	-29,600	$310,343	−91.7%	0.06%
SPGI	S&P Global Inc. Financial Services	NEW	745	NEW	$299,790	NEW	0.06%
BKNG	Booking Holdings Inc. Consumer Cyclical	NEW	82	NEW	$13,809	NEW	0.00%