Milestones Administradora de Recursos Ltda.

CIK

1912095

Location

JARAGUA DO SUL, D5

Portfolio Value

Small $517,284,723

Diversification

Diversified

Filing Date

Global Rank

#2,788 / 8,645 ▲ 332

Top Industry

Internet Retail 15.6%

3Y Alpha vs SPY

+1.9%

Period ended 53 days ago

Filed Jul 24, 2026 · 29d

19 quarters · since Dec 2021

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+77.8%

SPY

+74.8%

Annualised alpha

+0.7%

Max drawdown

−23.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

13.0%

−4.4 pts

Top 5

57.4%

−5.9 pts

Top 10

90.0%

−3.2 pts

HHI

917

Diversified−140

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	27.8%	$143,775,007	4
Financial Services	20.6%	$106,374,842	6
Consumer Cyclical	15.6%	$80,683,225	2
Industrials	12.2%	$63,106,926	1
Basic Materials	8.7%	$44,775,181	1
Communication Services	8.1%	$42,056,731	1
Healthcare	5.1%	$26,246,048	1
Energy	1.2%	$5,997,572	3
Consumer Defensive	0.8%	$4,269,191	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	+350,950	3,154,114	$42,138,963
AMZN	Amazon Com Inc	+113,694	281,149	$67,009,052
DHR	Danaher Corp /De/	+67,456	137,789	$26,246,048
V	Visa Inc.	+45,143	112,769	$38,689,916
MCO	Moodys Corp /De/	+14,870	30,824	$13,960,806
SPGI	S&P Global Inc.	+9,480	15,835	$6,101,193
GE	General Electric Co	+4,523	168,857	$63,106,926
BRK-B	Berkshire Hathaway Inc	+2,753	4,833	$2,418,384
MELI	Mercadolibre Inc	+905	8,056	$13,674,173
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+334	116,534	$55,653,142
GOOGL	Alphabet Inc.	+25	117,684	$42,056,731
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
WALD	Waldencast plc	−440,415	2,425,677	$4,269,191
AMD	Advanced Micro Devices Inc	−17,199	34,059	$19,785,213
LIN	Linde PLC	−14,351	86,282	$44,775,181
MSFT	Microsoft Corp	−1,894	177,513	$66,215,899
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
TPG	TPG Inc.	75,600	$3,065,580
NVDA	Nvidia Corp	10,599	$2,120,753
XOM	ExxonMobil Holdings Corp	15,380	$2,102,753
COP	Conocophillips	18,760	$1,950,289
CVX	Chevron Corp	11,731	$1,944,530
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
NOW	ServiceNow, Inc.	23,040	$2,408,832
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

20 tracked positions · $517,284,723 total · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Added	281,149	+113,694	$67,009,052	+92.1%	12.95%
MSFT	Microsoft Corp Technology	Reduced	177,513	-1,894	$66,215,899	−0.3%	12.80%
GE	General Electric Co Industrials	Added	168,857	+4,523	$63,106,926	+35.3%	12.20%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	116,534	+334	$55,653,142	+41.7%	10.76%
LIN	Linde PLC Basic Materials	Reduced	86,282	-14,351	$44,775,181	−10.3%	8.66%
NU	Nu Holdings Ltd. Financial Services	Added	3,154,114	+350,950	$42,138,963	+4.6%	8.15%
GOOGL	Alphabet Inc. Communication Services	Added	117,684	+25	$42,056,731	+24.3%	8.13%
V	Visa Inc. Financial Services	Added	112,769	+45,143	$38,689,916	+89.3%	7.48%
DHR	Danaher Corp /De/ Healthcare	Added	137,789	+67,456	$26,246,048	+96.8%	5.07%
AMD	Advanced Micro Devices Inc Technology	Reduced	34,059	-17,199	$19,785,213	+89.7%	3.82%
MCO	Moodys Corp /De/ Financial Services	Added	30,824	+14,870	$13,960,806	+100.6%	2.70%
MELI	Mercadolibre Inc Consumer Cyclical	Added	8,056	+905	$13,674,173	+10.6%	2.64%
SPGI	S&P Global Inc. Financial Services	Added	15,835	+9,480	$6,101,193	+125.7%	1.18%
WALD	Waldencast plc Consumer Defensive	Reduced	2,425,677	-440,415	$4,269,191	+84.0%	0.83%
TPG	TPG Inc. Financial Services	NEW	75,600	NEW	$3,065,580	NEW	0.59%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	4,833	+2,753	$2,418,384	+142.6%	0.47%
NVDA	Nvidia Corp Technology	NEW	10,599	NEW	$2,120,753	NEW	0.41%
XOM	ExxonMobil Holdings Corp Energy	NEW	15,380	NEW	$2,102,753	NEW	0.41%
COP	Conocophillips Energy	NEW	18,760	NEW	$1,950,289	NEW	0.38%
CVX	Chevron Corp Energy	NEW	11,731	NEW	$1,944,530	NEW	0.38%

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.