Pangea Capital Gestao de Recursos Ltda.
RIO DE JANEIRO, D5
$145m in 10 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 4.5% of the portfolio this quarter.
Value
$145m
Stocks
10
Top 10 share
100.0%
Turnover
4.5%
What changed this quarter
New
Bought for the first time this quarter.
- LGI HomesLGIH0.2% of the fund
- Nu HoldingsNU0.1% of the fund
Added
Bought more of a stock they already held.
- MercadoLibreMELI4.5% of the fund+111%
- Meta PlatformsMETA3.7% of the fund+90%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 6.2%
- Value
- $9m
- Shares
- 12
Held
- IsharesEWZ
- Share
- 1.5%
- Value
- $2m
- Shares
- 62,000
Held
- Noah HldgsNOAH
- Share
- 0.1%
- Value
- $159,840
- Shares
- 16,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Berkshire HathawayBRK-B | 68.5% | $99m | 198,007 | Held |
| Amazon.comAMZN | 15.0% | $22m | 91,221 | Held |
| Berkshire Hathaway INC DELBRK-A | 6.2% | $9m | 12 | Held |
| MercadoLibreMELI | 4.5% | $6m | 3,800 | +111% |
| Meta PlatformsMETA | 3.7% | $5m | 9,600 | +90% |
| IsharesEWZ | 1.5% | $2m | 62,000 | Held |
| LGI HomesLGIH | 0.2% | $318,400 | 5,000 | New |
| Constellation BrandsSTZ | 0.2% | $278,180 | 2,000 | Held |
| Noah HldgsNOAH | 0.1% | $159,840 | 16,000 | Held |
| Nu HoldingsNU | 0.1% | $146,960 | 11,000 | New |
Options (1)
- Ishares
- Type
- Call
- Value
- $72,050
- Contracts
- 220
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares | Call | $72,050 | 220 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 25.3% since 30 September 2025.
Where the money is
Financial services68.6%
Retail & consumer15.2%
Technology4.5%
Media & telecom3.7%
Everyday goods0.2%
Other7.8%
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.