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Kapitalo Investimentos Ltda

AVENIDA BRIGADEIRO FARIA LIMA, 3144 11TH FLOOR, SAO PAULO, D5 01451-000 • 551139560600

Q3 2025 · Filed 2025-11-03
Market Value
$534M
+16.3%
Holdings
138
-26
New Purchases
23
Added To
16
Closed
80
Reduced
14
Top 10 Concentration
76.2%
Turnover
74.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KRE 19.58% 0.00% +19.58% $104M
MSFT 6.13% 0.41% +5.72% $33M
KVUE 4.87% 0.00% +4.87% $26M
ERO 4.08% 2.13% +1.96% $22M
V 1.54% 0.00% +1.54% $8M
APO 1.20% 0.00% +1.20% $6M
YPF 1.17% 0.00% +1.17% $6M
GGB 1.12% 0.00% +1.12% $6M
KWEB 10.49% 9.39% +1.10% $56M
IPG 1.02% 0.00% +1.02% $5M
ERJ 1.03% 0.22% +0.81% $6M
VALE 0.59% 0.00% +0.59% $3M
GGAL 0.58% 0.00% +0.58% $3M
UNH 0.57% 0.00% +0.57% $3M
TEAM 0.47% 0.00% +0.47% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 10.71% -10.71% $0
VRT 0.00% 7.37% -7.37% $0
NOC 0.00% 3.67% -3.67% $0
LMT 0.00% 3.62% -3.62% $0
AMZN 19.34% 22.62% -3.28% $103M
CRM 0.00% 3.27% -3.27% $0
WBA 0.00% 1.65% -1.65% $0
ALE 1.44% 3.02% -1.59% $8M
SBS 0.96% 2.28% -1.31% $5M
SUZ 0.40% 1.43% -1.03% $2M
BAK 0.07% 0.97% -0.90% $375K
SPR 0.00% 0.60% -0.60% $0
VIV 0.00% 0.52% -0.52% $0
TSM 4.48% 4.87% -0.39% $24M
LOMA 0.53% 0.91% -0.37% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Basic Materials 17.7%
Communication Services 15.6%
Financial Services 15.0%
Technology 13.8%
Utilities 11.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $173M 32.5%
Large Cap 36 $112M 21.0%
Mid Cap 34 $238M 44.7%
Small Cap 39 $9M 1.8%
Micro Cap 19 $583K 0.1%

Portfolio Analytics

Avg Market Cap
$136.4B
Median Market Cap
$4.1B
Avg P/E
30.2
Median P/E
20.4
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
133
# ETFs / Funds
5

Top Holdings (138 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KRE 19.58% 1,649,936 $104M $63.30 +1,649,936 NEW
2 AMZN 19.34% 469,968 $103M $219.57 -$544K -2,864 -0.6%
3 KWEB 10.49% 1,332,000 $56M $42.01 $13M +78,000 +6.2%
4 MSFT 6.13% 63,125 $33M $517.95 $31M +59,367 +1579.8%
5 KVUE 4.87% 1,600,000 $26M $16.23 +1,600,000 NEW
6 TSM 4.48% 85,664 $24M $279.29 $2M -13,000 -13.2%
7 ERO 4.08% 1,076,696 $22M $20.23 $12M +497,978 +86.0%
8 NXE 2.83% 1,689,155 $15M $8.95 $4M +80,351 +5.0%
9 TECK 2.49% 302,859 $13M $43.89 $1M
10 K 1.95% 126,694 $10M $82.02 $43K -3,425 -2.6%
11 DIS 1.59% 73,890 $8M $114.50 $3M +28,989 +64.6%
12 RIO 1.58% 127,754 $8M $66.01 $981K
13 V 1.54% 24,050 $8M $341.38 +24,050 NEW
14 ALE 1.44% 115,344 $8M $66.40 -$6M -100,951 -46.7%
15 CCJ 1.40% 88,801 $7M $83.86 $1M +2,248 +2.6%
16 APO 1.20% 47,951 $6M $133.27 +47,951 NEW
17 YPF 1.17% 257,612 $6M $24.29 +257,612 NEW
18 GGB 1.12% 1,921,865 $6M $3.10 +1,921,865 NEW
19 ERJ 1.03% 91,109 $6M $60.45 $4M +73,327 +412.4%
20 IPG 1.02% 194,366 $5M $27.91 +194,366 NEW
21 SBS 0.96% 206,416 $5M $24.89 -$5M -268,900 -56.6%
22 URA 0.95% 106,292 $5M $47.67 $1M +5,992 +6.0%
23 XP 0.79% 225,664 $4M $18.79 -$318K
24 EVEX 0.79% 1,100,000 $4M $3.81 $761K +600,000 +120.0%
25 ABEV 0.75% 1,784,142 $4M $2.23 $3M +1,220,006 +216.3%
26 FXI 0.60% 77,718 $3M $41.14 $340K
27 VALE 0.59% 287,819 $3M $10.86 +287,819 NEW
28 GGAL 0.58% 112,000 $3M $27.56 +112,000 NEW
29 UNH 0.57% 8,873 $3M $345.30 +8,873 NEW
30 LOMA 0.53% 385,734 $3M $7.37 -$1M +7,134 +1.9%
31 TEAM 0.47% 15,834 $3M $159.70 +15,834 NEW
32 SUZ 0.40% 224,498 $2M $9.40 -$4M -471,418 -67.7%
33 CSAN 0.36% 418,432 $2M $4.60 $1M +308,340 +280.1%
34 BMA 0.35% 44,733 $2M $42.29 +44,733 NEW
35 AXIA 0.34% 184,528 $2M $9.92 -$603K -143,007 -43.7%
36 META 0.34% 2,463 $2M $734.38 -$62K -72 -2.8%
37 SUPV 0.20% 220,600 $1M $4.95 +220,600 NEW
38 NOW 0.18% 1,031 $949K $920.28 -$850K -719 -41.1%
39 BBAR 0.17% 110,334 $918K $8.32 +110,334 NEW
40 UGP 0.15% 194,100 $796K $4.10 +194,100 NEW
41 PBT 0.10% 30,677 $560K $18.25 $413K +18,916 +160.8%
42 BAK 0.07% 155,017 $375K $2.42 -$4M -1,196,850 -88.5%
43 FF 0.06% 88,465 $343K $3.88 $23K +5,812 +7.0%
44 AAPL 0.06% 1,185 $302K $254.63 +1,185 NEW
45 NMRK 0.05% 13,336 $249K $18.65 +13,336 NEW
46 CF 0.04% 2,554 $229K $89.70 +2,554 NEW
47 PARR 0.04% 6,303 $223K $35.42 -$80K -5,143 -44.9%
48 VIST 0.04% 5,867 $202K $34.40 +5,867 NEW
49 ACI 0.03% 10,280 $180K $17.51 -$439K -18,498 -64.3%
50 BRLT 0.02% 45,463 $94K $2.07 $75K +31,851 +234.0%
51 SKIN 0.02% 45,787 $91K $1.99 $31K +14,240 +45.1%
52 SID 0.02% 56,779 $85K $1.50 $6K
53 TTI 0.01% 11,601 $67K $5.75 -$112K -41,719 -78.2%
54 HPP 0.01% 20,861 $58K $2.76 +20,861 NEW
55 CHGG 0.01% 36,348 $55K $1.51 +36,348 NEW
56 MQ 0.01% 10,068 $53K $5.28 -$28K -3,829 -27.6%
57 TDAY 0.01% 10,665 $44K $4.13 +10,665 NEW
58 RXT —% 12,372 $17K $1.41 +12,372 NEW
59 LCTX —% -$25K -27,130 -100.0% SOLD
60 SXC —% -$136K -15,800 -100.0% SOLD
61 AEO —% -$154K -15,977 -100.0% SOLD
62 HAIN —% -$219K -144,160 -100.0% SOLD
63 UIS —% -$54K -11,972 -100.0% SOLD
64 SBH —% -$254K -27,379 -100.0% SOLD
65 ASIX —% -$363K -15,288 -100.0% SOLD
66 OPK —% -$41K -31,347 -100.0% SOLD
67 PBF —% -$428K -19,757 -100.0% SOLD
68 IHRT —% -$52K -29,814 -100.0% SOLD
69 PBR —% -$1M -87,293 -100.0% SOLD
70 CNK —% -$247K -8,182 -100.0% SOLD
71 AIRS —% -$51K -10,602 -100.0% SOLD
72 NYT —% -$242K -4,319 -100.0% SOLD
73 NUS —% -$331K -41,372 -100.0% SOLD
74 CRM —% -$15M -55,000 -100.0% SOLD
75 TG —% -$169K -19,255 -100.0% SOLD
76 DDD —% -$17K -11,102 -100.0% SOLD
77 CAL —% -$124K -10,168 -100.0% SOLD
78 MNKD —% -$51K -13,744 -100.0% SOLD
79 ACCO —% -$55K -15,270 -100.0% SOLD
80 TAP —% -$252K -5,230 -100.0% SOLD
81 EZPW —% -$187K -13,441 -100.0% SOLD
82 EXFY —% -$30K -11,496 -100.0% SOLD
83 CRMD —% -$123K -10,016 -100.0% SOLD
84 VRT —% -$34M -263,167 -100.0% SOLD
85 LMT —% -$17M -35,842 -100.0% SOLD
86 CRI —% -$255K -8,455 -100.0% SOLD
87 COMP —% -$119K -18,932 -100.0% SOLD
88 KR —% -$352K -4,904 -100.0% SOLD
89 CYH —% -$41K -12,013 -100.0% SOLD
90 TBI —% -$88K -13,568 -100.0% SOLD
91 CL —% -$216K -2,378 -100.0% SOLD
92 FPH —% -$73K -13,325 -100.0% SOLD
93 KMB —% -$274K -2,122 -100.0% SOLD
94 EE —% -$337K -11,485 -100.0% SOLD
95 VIV —% -$2M -209,476 -100.0% SOLD
96 AIP —% -$104K -10,873 -100.0% SOLD
97 ZVIA —% -$467K -145,105 -100.0% SOLD
98 EVER —% -$264K -10,933 -100.0% SOLD
99 BOOM —% -$241K -29,865 -100.0% SOLD
100 NOC —% -$17M -33,700 -100.0% SOLD

Options Breakdown

6 Calls $3M Call Value 3 Puts $542K Put Value 0.18 P/C Ratio

Top Calls

SymbolSharesValueStatus
PLTR 200,000 $3M NEW
KVUE 750,000 $390K NEW
EWZ 160,000 $16K NEW
SPY $0 SOLD
HYG $0 SOLD
AMZN $0 SOLD

Top Puts

SymbolSharesValueStatus
PLTR 100,000 $425K NEW
GLD 200,000 $90K NEW
SPY 50,000 $28K NEW

New Positions

SymbolValue% Port
KRE $104M 19.58%
KVUE $26M 4.87%
V $8M 1.54%
APO $6M 1.20%
YPF $6M 1.17%
GGB $6M 1.12%
IPG $5M 1.02%
VALE $3M 0.59%
GGAL $3M 0.58%
UNH $3M 0.57%
TEAM $3M 0.47%
BMA $2M 0.35%
SUPV $1M 0.20%
BBAR $918K 0.17%
UGP $796K 0.15%

Sold Out Positions

SymbolValue% Port
T —%
NUS —%
XOM —%
DDD —%
ZVIA —%
PBF —%
AES —%
AM —%
CLW —%
SXC —%
CRI —%
AEO —%
CL —%
CRM —%
TG —%
View SEC EDGAR Filings for Kapitalo Investimentos Ltda →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms