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Kapitalo Investimentos Ltda

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

Q4 2025 · Filed 2026-01-28
Market Value
$522M
-2.1%
Holdings
67
-71
New Purchases
9
Added To
9
Closed
32
Reduced
10
Top 10 Concentration
82.2%
Turnover
61.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 7.16% 0.34% +6.82% $37M
AMZN 24.96% 19.34% +5.62% $130M
EA 3.76% 0.00% +3.76% $20M
VST 3.24% 0.00% +3.24% $17M
ERO 5.83% 4.08% +1.75% $30M
KVUE 6.60% 4.87% +1.74% $34M
EXAS 1.25% 0.00% +1.25% $7M
SUZ 1.40% 0.40% +1.01% $7M
KWEB 11.30% 10.49% +0.81% $59M
VIV 0.81% 0.00% +0.81% $4M
MA 0.67% 0.00% +0.67% $4M
TGNA 0.63% 0.00% +0.63% $3M
YPF 1.78% 1.17% +0.61% $9M
MSFT 6.61% 6.13% +0.48% $35M
UGP 0.63% 0.15% +0.48% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KRE 9.96% 19.58% -9.61% $52M
TSM 0.45% 4.48% -4.04% $2M
NXE 0.00% 2.83% -2.83% $0
K 0.00% 1.95% -1.95% $0
ALE 0.00% 1.44% -1.44% $0
CCJ 0.00% 1.40% -1.40% $0
APO 0.00% 1.20% -1.20% $0
GGB 0.00% 1.12% -1.12% $0
IPG 0.00% 1.02% -1.02% $0
SBS 0.00% 0.96% -0.96% $0
URA 0.00% 0.95% -0.95% $0
DIS 0.71% 1.59% -0.87% $4M
V 0.72% 1.54% -0.82% $4M
VALE 0.00% 0.59% -0.59% $0
GGAL 0.04% 0.58% -0.54% $203K

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 8 $215M 41.1%
Large Cap 23 $141M 27.0%
Mid Cap 21 $157M 30.1%
Small Cap 11 $9M 1.8%
Micro Cap 4 $0 0.0%

Portfolio Analytics

Avg Market Cap
$251.5B
Median Market Cap
$8.8B
Avg P/E
30.6
Median P/E
22.9
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
62
# ETFs / Funds
5

Top Holdings (67 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AMZN 24.96% 564,866 $130M $230.82 $27M +94,898 +20.2%
2 KWEB 11.30% 1,734,000 $59M $34.05 $3M +402,000 +30.2%
3 KRE 9.96% 802,873 $52M $64.81 -$52M -847,063 -51.3%
4 META 7.16% 56,642 $37M $660.09 $36M +54,179 +2199.7%
5 MSFT 6.61% 71,402 $35M $483.62 $2M +8,277 +13.1%
6 KVUE 6.60% 2,000,000 $34M $17.25 $9M +400,000 +25.0%
7 ERO 5.83% 1,076,696 $30M $28.29 $9M
8 EA 3.76% 96,054 $20M $204.33 +96,054 NEW
9 VST 3.24% 105,000 $17M $161.33 +105,000 NEW
10 TECK 2.78% 302,859 $15M $47.89 $1M
11 RIO 1.96% 127,754 $10M $80.03 $2M
12 YPF 1.78% 257,042 $9M $36.16 $3M -570 -0.2%
13 SUZ 1.40% 784,450 $7M $9.34 $5M +559,952 +249.4%
14 EXAS 1.25% 64,428 $7M $101.56 +64,428 NEW
15 ERJ 1.22% 99,372 $6M $64.37 $889K +8,263 +9.1%
16 LOMA 0.94% 380,833 $5M $12.95 $2M -4,901 -1.3%
17 EVEX 0.84% 1,100,000 $4M $3.99 $198K
18 VIV 0.81% 355,066 $4M $11.86 +355,066 NEW
19 V 0.72% 10,725 $4M $350.71 -$4M -13,325 -55.4%
20 DIS 0.71% 32,820 $4M $113.77 -$5M -41,070 -55.6%
21 XP 0.71% 225,664 $4M $16.37 -$546K
22 MA 0.67% 6,165 $4M $570.88 +6,165 NEW
23 UGP 0.63% 874,882 $3M $3.77 $3M +680,782 +350.7%
24 TGNA 0.63% 168,689 $3M $19.41 +168,689 NEW
25 FXI 0.57% 77,718 $3M $38.29 -$221K
26 UNH 0.56% 8,826 $3M $330.11 -$150K -47 -0.5%
27 TEAM 0.49% 15,840 $3M $162.14 $40K +6 +0.0%
28 DAY 0.45% 34,337 $2M $69.16 +34,337 NEW
29 TXNM 0.45% 39,978 $2M $58.88 +39,978 NEW
30 TSM 0.45% 7,664 $2M $303.89 -$22M -78,000 -91.0%
31 ABEV 0.31% 647,014 $2M $2.47 -$2M -1,137,128 -63.7%
32 AXIA 0.13% 75,855 $695K $9.16 -$1M -108,673 -58.9%
33 ZM 0.05% 2,931 $253K $86.29 +2,931 NEW
34 GGAL 0.04% 3,763 $203K $53.94 -$3M -108,237 -96.6%
35 SID 0.02% 56,779 $91K $1.60 $6K
36 PARR —% -$223K -6,303 -100.0% SOLD
37 NXE —% -$15M -1,689,155 -100.0% SOLD
38 BBAR —% -$918K -110,334 -100.0% SOLD
39 SBS —% -$5M -206,416 -100.0% SOLD
40 SUPV —% -$1M -220,600 -100.0% SOLD
41 BRLT —% -$94K -45,463 -100.0% SOLD
42 FF —% -$343K -88,465 -100.0% SOLD
43 CSAN —% -$2M -418,432 -100.0% SOLD
44 PBT —% -$560K -30,677 -100.0% SOLD
45 NOW —% -$949K -1,031 -100.0% SOLD
46 URA —% -$5M -106,292 -100.0% SOLD
47 VIST —% -$202K -5,867 -100.0% SOLD
48 BMA —% -$2M -44,733 -100.0% SOLD
49 VALE —% -$3M -287,819 -100.0% SOLD
50 CF —% -$229K -2,554 -100.0% SOLD
51 HPP —% -$58K -20,861 -100.0% SOLD
52 BAK —% -$375K -155,017 -100.0% SOLD
53 APO —% -$6M -47,951 -100.0% SOLD
54 ACI —% -$180K -10,280 -100.0% SOLD
55 K —% -$10M -126,694 -100.0% SOLD
56 ALE —% -$8M -115,344 -100.0% SOLD
57 NMRK —% -$249K -13,336 -100.0% SOLD
58 CCJ —% -$7M -88,801 -100.0% SOLD
59 TDAY —% -$44K -10,665 -100.0% SOLD
60 GGB —% -$6M -1,921,865 -100.0% SOLD
61 TTI —% -$67K -11,601 -100.0% SOLD
62 AAPL —% -$302K -1,185 -100.0% SOLD
63 IPG —% -$5M -194,366 -100.0% SOLD
64 SKIN —% -$91K -45,787 -100.0% SOLD
65 RXT —% -$17K -12,372 -100.0% SOLD
66 CHGG —% -$55K -36,348 -100.0% SOLD
67 MQ —% -$53K -10,068 -100.0% SOLD

Options Breakdown

3 Calls $146K Call Value 3 Puts $0 Put Value 0.0 P/C Ratio

Top Calls

SymbolSharesValueStatus
PLTR 200,000 $74K
EWZ 900,000 $72K
KVUE $0 SOLD

Top Puts

SymbolSharesValueStatus
GLD $0 SOLD
SPY $0 SOLD
PLTR $0 SOLD

New Positions

SymbolValue% Port
EA $20M 3.76%
VST $17M 3.24%
EXAS $7M 1.25%
VIV $4M 0.81%
MA $4M 0.67%
TGNA $3M 0.63%
DAY $2M 0.45%
TXNM $2M 0.45%
ZM $253K 0.05%

Sold Out Positions

SymbolValue% Port
ACI —%
NOW —%
BMA —%
GGB —%
APO —%
PARR —%
TTI —%
HPP —%
FF —%
TDAY —%
CF —%
BAK —%
CHGG —%
VIST —%
CSAN —%
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