Atmos Capital Gestao de Recursos Ltda.
Leblon - Rio de Janeiro, D5
$796m in 16 US stocks at the end of 30 June 2026. The top 10 are 90.4% of the money. It changed about 18.9% of the portfolio this quarter.
Value
$796m
Stocks
16
Top 10 share
90.4%
Turnover
18.9%
What changed this quarter
New
Bought for the first time this quarter.
- InterINTR5.1% of the fund
Added
Bought more of a stock they already held.
- Nu HoldingsNU39.7% of the fund+31%
- MercadoLibreMELI15.8% of the fund+137%
- dLocalDLO6.5% of the fund+93%
- Meta PlatformsMETA4.0% of the fund+247%
- AlphabetGOOGL4.0% of the fund+75%
- Taiwan Semiconductor ManufacturingTSM3.6% of the fund+40%
- NvidiaNVDA3.0% of the fund+40%
- Booking HoldingsBKNG1.6% of the fund+25%
Cut
Sold some of their stake.
- XPXP4.3% of the fund-13%
- MicrosoftMSFT3.9% of the fund-31%
- Amazon.comAMZN3.6% of the fund-47%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Nu HoldingsNU | 39.7% | $316m | 23,637,075 | +31% |
| MercadoLibreMELI | 15.8% | $126m | 73,971 | +137% |
| dLocalDLO | 6.5% | $52m | 3,990,466 | +93% |
| InterINTR | 5.1% | $41m | 7,504,483 | New |
| XPXP | 4.3% | $34m | 2,082,802 | -13% |
| Meta PlatformsMETA | 4.0% | $32m | 57,015 | +247% |
| AlphabetGOOGL | 4.0% | $32m | 88,993 | +75% |
| MicrosoftMSFT | 3.9% | $31m | 83,749 | -31% |
| Amazon.comAMZN | 3.6% | $29m | 121,071 | -47% |
| Taiwan Semiconductor ManufacturingTSM | 3.6% | $28m | 59,225 | +40% |
| NvidiaNVDA | 3.0% | $24m | 119,301 | +40% |
| AppleAAPL | 1.9% | $15m | 52,922 | Held |
| AirbnbABNB | 1.8% | $14m | 99,452 | Held |
| Booking HoldingsBKNG | 1.6% | $13m | 73,101 | +25% |
| NetflixNFLX | 1.1% | $9m | 127,225 | Held |
| VtexVTEX | <0.1% | $765,020 | 191,255 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 23.4% since 30 June 2025.
Where the money is
Financial services49.0%
Technology34.8%
Media & telecom9.2%
Retail & consumer7.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.