— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

TB Capital Gestao de Recursos Ltda.

Q4 2025 · Filed 2026-02-17
Market Value
$162M
+24.4%
Holdings
18
New Purchases
1
Added To
11
Closed
4
Reduced
2
Top 10 Concentration
84.9%
Turnover
27.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADBE 6.44% 0.00% +6.44% $10M
ABNB 18.80% 12.53% +6.27% $30M
MSFT 5.73% 1.83% +3.90% $9M
META 4.16% 2.03% +2.13% $7M
GOOG 3.63% 1.84% +1.79% $6M
AMZN 3.48% 1.76% +1.72% $6M
V 4.07% 2.85% +1.21% $7M
CPNG 8.20% 7.19% +1.01% $13M
NU 5.10% 4.31% +0.79% $8M
MA 3.95% 3.59% +0.36% $6M
DLO 8.07% 7.97% +0.11% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STNE 0.00% 7.06% -7.06% $0
XP 0.00% 6.91% -6.91% $0
TSM 11.51% 17.73% -6.22% $19M
BKNG 7.77% 10.03% -2.27% $13M
JD 0.00% 1.59% -1.59% $0
DASH 0.00% 1.02% -1.02% $0
APO 9.10% 9.76% -0.65% $15M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $59M 36.5%
Large Cap 8 $90M 55.4%
Mid Cap 3 $13M 8.1%

Portfolio Analytics

Avg Market Cap
$881.9B
Median Market Cap
$88.7B
Avg P/E
26.1
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
1.19
# Stocks
18
# ETFs / Funds
0

Top Holdings (18 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ABNB 18.80% 224,060 $30M $135.72 $14M +89,834 +66.9%
2 TSM 11.51% 61,251 $19M $303.89 -$4M -21,334 -25.8%
3 APO 9.10% 101,757 $15M $144.76 $2M +6,504 +6.8%
4 CPNG 8.20% 562,173 $13M $23.59 $4M +271,783 +93.6%
5 DLO 8.07% 923,768 $13M $14.14 $3M +198,055 +27.3%
6 BKNG 7.77% 2,346 $13M $5,355.33 -$486K -71 -2.9%
7 ADBE 6.44% 29,779 $10M $349.99 +29,779 NEW
8 MSFT 5.73% 19,171 $9M $483.62 $7M +14,569 +316.6%
9 NU 5.10% 493,152 $8M $16.74 $3M +143,118 +40.9%
10 META 4.16% 10,205 $7M $660.09 $4M +6,606 +183.6%
11 V 4.07% 18,761 $7M $350.71 $3M +7,887 +72.5%
12 MA 3.95% 11,180 $6M $570.88 $2M +2,977 +36.3%
13 GOOG 3.63% 18,714 $6M $313.80 $3M +8,885 +90.4%
14 AMZN 3.48% 24,365 $6M $230.82 $3M +13,944 +133.8%
15 JD —% -$2M -59,235 -100.0% SOLD
16 DASH —% -$1M -4,873 -100.0% SOLD
17 STNE —% -$9M -485,757 -100.0% SOLD
18 XP —% -$9M -478,740 -100.0% SOLD

New Positions

SymbolValue% Port
ADBE $10M 6.44%

Sold Out Positions

SymbolValue% Port
JD —%
DASH —%
STNE —%
XP —%
View SEC EDGAR Filings for TB Capital Gestao de Recursos Ltda. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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