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Constellation Investimentos e Participacoes Ltda

Location
Sao Paulo, D5
Portfolio Value
Micro $46,702,687
Diversification
Highly concentrated
Filing Date
Global Rank
#6,622 / 7,976 ▼ 197
Top Industry
Internet Retail 50.1%
3Y Alpha vs SPY
-10.9%
Period ended 9 months ago
Filed Oct 22, 2025 · 8mo
23 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
+32.8%
SPY
+76.3%
Annualised alpha
-10.9%
Max drawdown
−32.7%

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

7 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025
Top Position
48.2%
+1.6 pts
Top 5
98.2%
−0.6 pts
Top 10
100.0%
0.0 pts
HHI
4,395
Dec 2022 → Sep 2025 · range 2,878 – 9,819
Highly concentrated+768

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025
Sector % Portfolio Value
Consumer Cyclical 50.1% $23,403,220
Financial Services 45.4% $21,203,211
Technology 2.6% $1,192,969
Communication Services 1.9% $903,287

Last Quarter's Activity

Export CSV
Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased
2 positions
Ticker Δ Shares Shares Value Open

Trimmed

Positions the filer reduced
1 positions
Ticker Δ Shares Shares Value Open

New Positions

Positions the filer opened this quarter
3 positions
Ticker Shares Value Open

Sold Out

Positions the filer fully exited
2 positions
Ticker Shares Value Open

Portfolio Positions

Export CSV View 13F filing
7 positions · $46,702,687 total · as of Sep 30, 2025
Ticker Company Shares Value (USD) % of Portfolio History