Pangea Capital Gestao de Recursos Ltda.
CIK
2119167
Location
RIO DE JANEIRO, D5
Portfolio Value
Small
$120,156,437
Diversification
Highly concentrated
Filing Date
Global Rank
#5,302
/ 8,592
▼ 1034
Top Industry
Insurance - Diversified
79.0%
3Y Alpha vs SPY
-8.3%
Period ended 3 months ago
Filed Jun 18, 2026 · 4d
2 quarters · since Sep 2023
Clone Performance
Nov 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+43.1%
SPY
+71.7%
Annualised alpha
-8.3%
Max drawdown
−11.5%
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
5 positions · as of Mar 31, 2026 · Δ vs Sep 30, 2023Top Position
79.0%
−5.5 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
6,498
Highly concentrated−880
Portfolio Trend
2 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 79.0% | $94,884,954 |
| Consumer Cyclical | 18.4% | $22,110,833 |
| Communication Services | 2.4% | $2,860,650 |
| Consumer Defensive | 0.2% | $300,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
5 positions ·
$120,156,437 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 198,007 | $94,884,954 | 78.97% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 91,221 | $18,998,597 | 15.81% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
NEW | 1,800 | $3,112,236 | 2.59% | |
| META |
Meta Platforms, Inc.
Communication Services
|
NEW | 5,000 | $2,860,650 | 2.38% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
NEW | 2,000 | $300,000 | 0.25% |