Pragma Gestao de Patrimonio
SAO PAULO, D5files as PRAGMA GESTAO DE PATRIMONIO LTD
$127m in 16 US stocks at the end of 30 June 2026. The top 10 are 87.4% of the money. It changed about 46.7% of the portfolio this quarter.
Value
$127m
Stocks
16
Top 10 share
87.4%
Turnover
46.7%
What changed this quarter
New
Bought for the first time this quarter.
- ASML Holding NVASML2.1% of the fund
- Lam ResearchLRCX0.7% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN18.1% of the fund+8%
- AlphabetGOOG10.4% of the fund+46%
- VisaV7.9% of the fund+19%
- Bank of New York MellonBNY4.7% of the fund+14%
- MercadoLibreMELI3.6% of the fund+64%
- AonAON3.1% of the fund+139%
Cut
Sold some of their stake.
- TransDigm GroupTDG8.3% of the fund-3%
- General ElectricGE7.2% of the fund-22%
- DanaherDHR6.3% of the fund-14%
Sold out
Sold their entire stake.
- Ishares TRAAXJ-100%
- Moody'sMCO-100%
- AutolivALV-100%
- LindeLIN-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Amazon.comAMZN | 18.1% | $23m | 96,050 | +8% |
| MicrosoftMSFT | 12.9% | $16m | 43,750 | Held |
| AlphabetGOOG | 10.4% | $13m | 37,200 | +46% |
| TransDigm GroupTDG | 8.3% | $10m | 7,870 | -3% |
| Taiwan Semiconductor ManufacturingTSM | 8.0% | $10m | 21,300 | Held |
| VisaV | 7.9% | $10m | 29,150 | +19% |
| General ElectricGE | 7.2% | $9m | 24,350 | -22% |
| DanaherDHR | 6.3% | $8m | 41,800 | -14% |
| Bank of New York MellonBNY | 4.7% | $6m | 41,100 | +14% |
| MercadoLibreMELI | 3.6% | $5m | 2,695 | +64% |
| TE ConnectivityTEL | 3.4% | $4m | 21,200 | Held |
| AonAON | 3.1% | $4m | 11,700 | +139% |
| ASML Holding NVASML | 2.1% | $3m | 1,350 | New |
| Cadence Design SystemsCDNS | 1.7% | $2m | 5,700 | Held |
| MastercardMA | 1.6% | $2m | 4,050 | Held |
| Lam ResearchLRCX | 0.7% | $909,993 | 2,100 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 44.7% since 30 June 2025.
Where the money is
Technology30.3%
Retail & consumer18.1%
Industrials17.6%
Financial services17.3%
Media & telecom10.4%
Health care6.3%
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.