Squadra Investments - Gestao de Recursos Ltda.
RIO DE JANEIRO, D5
$715m in 4 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 13.6% of the portfolio this quarter.
Value
$715m
Stocks
4
Top 10 share
100.0%
Turnover
13.6%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Nu HoldingsNU45.9% of the fund+10%
- InterINTR7.6% of the fund+59%
Cut
Sold some of their stake.
- MercadoLibreMELI40.8% of the fund-15%
- StoneCoSTNE5.7% of the fund-44%
Sold out
Sold their entire stake.
- XPXP-100%
- Vale S AVALE-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Nu HoldingsNU | 45.9% | $328m | 24,533,236 | +10% |
| MercadoLibreMELI | 40.8% | $292m | 171,881 | -15% |
| InterINTR | 7.6% | $55m | 10,069,301 | +59% |
| StoneCoSTNE | 5.7% | $41m | 3,747,170 | -44% |
Options (2)
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $71m
- Contracts
- 96,700
- MercadoLibreMELI
- Type
- Call
- Value
- $29m
- Contracts
- 16,800
| Company | Type | Value | Contracts |
|---|---|---|---|
| Invesco QQQ TRQQQ | Put | $71m | 96,700 |
| MercadoLibreMELI | Call | $29m | 16,800 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 79.9% since 30 June 2025.
Where the money is
Financial services53.5%
Technology46.5%
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.