Vinland Capital Management Gestora de Recursos LTDA.

CIK

1944332

Location

SAO PAULO, D5

Portfolio Value

Micro $9,317,270

Diversification

Highly concentrated

Filing Date

Global Rank

#8,292 / 8,633 ▲ 228

Top Industry

Steel 36.0%

3Y Alpha vs SPY

+37.6%

Period ended 51 days ago

Filed Aug 14, 2026 · 6d

11 quarters · since Dec 2023

Clone Performance

Aug 2026–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.

Not a measure of this manager's performance. Most of Vinland Capital Management Gestora de Recursos LTDA.'s reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 74% that is ordinary stock — as little as 4% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

-2.0%

SPY

-0.5%

Annualised alpha

—

Max drawdown

−2.6%

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 74% of reported value on average across 11 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

52.3%

−22.2 pts

Top 5

99.8%

−0.2 pts

Top 10

100.0%

0.0 pts

HHI

3,347

Highly concentrated−2,521

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	52.5%	$4,891,062	2
Basic Materials	25.5%	$2,379,302	2
Financial Services	13.0%	$1,214,666	3
Consumer Defensive	8.9%	$832,240	1
Technology	0.0%	$0	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
TX	Ternium S.A.	37,300	$1,592,710
ITUB	Itau Unibanco Holding S.A.	148,674	$1,214,666
BUD	Anheuser-Busch InBev SA/NV	10,100	$832,240
VALE	Vale S.A.	52,300	$786,592
QQQ	Invesco Qqq Trust, Series 1	27	$19,882
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
STNE	StoneCo Ltd.	64,608	$912,264
DLO	dLocal Ltd	33,476	$434,183
BBD	Bank Bradesco	27,000	$98,550
NU	Nu Holdings Ltd.	509	$7,314
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

10 tracked positions · $9,317,270 total · filing declares 16 positions · $10,149,985 · as of Jun 30, 2026

All sectors Basic Materials Consumer Defensive Financial Services Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Held	6,523	0	$4,871,180	+14.8%	52.28%
TX	Ternium S.A. Basic Materials	NEW	37,300	NEW	$1,592,710	NEW	17.09%
ITUB	Itau Unibanco Holding S.A. Financial Services	NEW	148,674	NEW	$1,214,666	NEW	13.04%
BUD	Anheuser-Busch InBev SA/NV Consumer Defensive	NEW	10,100	NEW	$832,240	NEW	8.93%
VALE	Vale S.A. Basic Materials	NEW	52,300	NEW	$786,592	NEW	8.44%
QQQ	Invesco Qqq Trust, Series 1	NEW	27	NEW	$19,882	NEW	0.21%
STNE	StoneCo Ltd. Technology	Closed	0	-64,608	$0	−100.0%	0.00%
DLO	dLocal Ltd Technology	Closed	0	-33,476	$0	−100.0%	0.00%
BBD	Bank Bradesco Financial Services	Closed	0	-27,000	$0	−100.0%	0.00%
NU	Nu Holdings Ltd. Financial Services	Closed	0	-509	$0	−100.0%	0.00%

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.