Navi International - Administradora e Gestora de Recursos Financeiros Ltda.
SAO PAULO, D5
$142m in 11 US stocks at the end of 30 June 2026. The top 10 are 99.8% of the money. It changed about 44.8% of the portfolio this quarter.
Value
$142m
Stocks
11
Top 10 share
99.8%
Turnover
44.8%
What changed this quarter
New
Bought for the first time this quarter.
- InterINTR9.3% of the fund
- Vale S AVALE0.5% of the fund
- CIA Energetica de Minas GeraCIG0.2% of the fund
Added
Bought more of a stock they already held.
- MercadoLibreMELI37.4% of the fund+3%
- Latam Airlines Group SALTM13.4% of the fund+1479%
- Petroleo Brasileiro S APBR-A12.0% of the fund+37%
- Axia Energia SAAXIAY2.2% of the fund+264%
- Itau Unibanco Hldg S AITUB0.4% of the fund+216%
Cut
Sold some of their stake.
- XPXP21.1% of the fund-31%
Sold out
Sold their entire stake.
- Nu HoldingsNU-100%
- StoneCoSTNE-100%
- Petrobras - Petroleo Brasileiro SAPBR-100%
- Axia Energia SA Spon ADS PFD B1AXIA-P-100%
- EmbraerEMBJ-100%
- Banco Bradesco S ABBD-100%
Holdings
- Latam Airlines Group SALTM
- Share
- 13.4%
- Value
- $19m
- Shares
- 326,007
+1479%
- Petroleo Brasileiro S APBR-A
- Share
- 12.0%
- Value
- $17m
- Shares
- 1,164,207
+37%
- Axia Energia SAAXIAY
- Share
- 2.2%
- Value
- $3m
- Shares
- 289,639
+264%
- Suzano S ASUZ
- Share
- 1.9%
- Value
- $3m
- Shares
- 356,146
Held
- Vale S AVALE
- Share
- 0.5%
- Value
- $778,907
- Shares
- 51,789
New
- Itau Unibanco Hldg S AITUB
- Share
- 0.4%
- Value
- $626,337
- Shares
- 76,663
+216%
- CIA Energetica de Minas GeraCIG
- Share
- 0.2%
- Value
- $270,453
- Shares
- 128,695
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MercadoLibreMELI | 37.4% | $53m | 31,251 | +3% |
| XPXP | 21.1% | $30m | 1,837,985 | -31% |
| Latam Airlines Group SALTM | 13.4% | $19m | 326,007 | +1479% |
| Petroleo Brasileiro S APBR-A | 12.0% | $17m | 1,164,207 | +37% |
| InterINTR | 9.3% | $13m | 2,443,213 | New |
| Axia Energia SAAXIAY | 2.2% | $3m | 289,639 | +264% |
| Suzano S ASUZ | 1.9% | $3m | 356,146 | Held |
| GerdauGGB | 1.6% | $2m | 550,000 | Held |
| Vale S AVALE | 0.5% | $778,907 | 51,789 | New |
| Itau Unibanco Hldg S AITUB | 0.4% | $626,337 | 76,663 | +216% |
| CIA Energetica de Minas GeraCIG | 0.2% | $270,453 | 128,695 | New |
Options (1)
- Ishares
- Type
- Call
- Value
- $6m
- Contracts
- 171,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares | Call | $6m | 171,500 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is down 10.2% since 31 December 2025.
Where the money is
Technology37.4%
Financial services30.4%
Materials1.6%
Other30.7%
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.