Squadra Investments - Gestao De Recursos Ltda.
Squadra Investments - Gestao De Recursos Ltda. reported 4 US-listed holdings worth $714.8 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Nu Holdings Ltd. (45.9%), MercadoLibre, Inc. (40.8%) and Inter & Co Inc - Cl A (7.6%). Against the quarter before, it opened 0 positions, added to 2, trimmed 2 and sold out of 2.
The 4 largest of its 4 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +10.7% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Added to 2
- Nu Holdings Ltd. NU+2.2 million shares · +10%
- Inter & Co Inc - Cl A INTR+3.7 million shares · +59%
Trimmed 2
- MercadoLibre, Inc. MELI-31,049 shares · -15%
- Stoneco Ltd STNE-2.9 million shares · -44%
Sold out of 2
- XP Inc. XP$74.4 million last quarter
- Vale S.A. VALE$3.8 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Nu Holdings Ltd. NU | 24.5M | $327.8 million | 45.85% | +2.2M |
| MercadoLibre, Inc. MELI | 171.9K | $291.7 million | 40.81% | -31.0K |
| Inter & Co Inc - Cl A INTR | 10.1M | $54.7 million | 7.65% | +3.7M |
| Stoneco Ltd STNE | 3.7M | $40.6 million | 5.68% | -2.9M |
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Change is shares against its 13F for the quarter before; the 2 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Invesco QQQ Trust QQQ | Puts | 96.7K | $71.2 million |
| MercadoLibre, Inc. MELI | Calls | 16.8K | $28.5 million |
2 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.