Absoluto Partners Gestao de Recursos Ltda In its 13F for Q1 2025 (holdings as of March 31, 2025, filed March 3, 2026), Absoluto Partners Gestao de Recursos Ltda reported 29 stock positions worth $110.3 million . Its top holding was MercadoLibre (MELI) at 23.1% of the portfolio, followed by XP Class A (XP, 10.1% ) and Nu Holdings Ltd./Cayman Isl-A (NU, 8.9% ). Compared with Q4 2024, it opened 4 new positions, sold out of 2, added to 19 and reduced 5. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale MercadoLibre (MELI, shares −20% ).
Location LEBLON, RIO DE JANEIRO, RJ, D5
CIK 0001847566
Portfolio Value $110.3M (Q1 2025) Holdings 29 stocks · $110.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 MELI MercadoLibre Inc. 13,059 $25.5M Reduce -19.7% XP XP Inc. Class A 811,519 $11.2M Add +23.3% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 955,280 $9.8M New AMZN Amazon.com Inc. 41,727 $7.9M Add +18.0% STNE Stoneco Ltd. Class A 746,580 $7.8M New RACE Ferrari NV 10,668 $4.6M Add +165.8% MSFT Microsoft Corp. 11,776 $4.4M Add +16.3% TSM Taiwan Semiconductor-SP ADR 22,975 $3.8M Add +16.0% SHW The Sherwin-Williams Co. 8,960 $3.1M Add +11.7% SBUX Starbucks Corp. 29,947 $2.9M Add +42.4% GOOGL Alphabet Inc. Class A 18,960 $2.9M Add +0.7% V Visa Inc. Class A 7,575 $2.7M Add +12.8% SE Sea Ltd.-ADR 19,991 $2.6M Add +68.5% NFLX Netflix Inc. 2,323 $2.2M Reduce -6.7% META Meta Platforms Inc. Class A 3,699 $2.1M Add +3.4% ORCL Oracle Corp. 15,089 $2.1M Add +67.7% ORLY O'reilly Automotive Inc. 1,458 $2.1M Add +733.1% LULU Lululemon Athletica Inc. 7,083 $2.0M Add +95.8% MA Mastercard Inc. Class A 3,640 $2.0M Add +6.8% SPGI S&P Global Inc. 2,975 $1.5M Reduce -28.1% NVDA Nvidia Corp. 13,869 $1.5M Reduce -6.0% DPZ Domino's Pizza Inc. 2,642 $1.2M Add +28.4% CMG Chipotle Mexican Grill Inc. 23,507 $1.2M New NOW ServiceNow Inc. 1,359 $1.1M Reduce -20.7% RH RH 4,214 $988K Add +44.9% HD Home Depot Inc. 2,436 $893K Add +50.4% LOW Lowe's Cos Inc. 579 $135K Add +28850.0% FICO Fair Isaac Corp. 22 $41K No change QQQ Invesco QQQ Trust Series 1 16 $8K New
Options reported separately and not counted above: NU calls ($18.3M), SPY puts ($4.3M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ MELI MercadoLibre Inc. Reduce -19.7% 23.10% −8.55 VTEX Vtex Class A Sold out 0.00% −4.55 CRM Salesforce Inc. Sold out 0.00% −1.10 NOW ServiceNow Inc. Reduce -20.7% 0.98% −1.10 SPGI S&P Global Inc. Reduce -28.1% 1.37% −0.99 NVDA Nvidia Corp. Reduce -6.0% 1.36% −0.90 NFLX Netflix Inc. Reduce -6.7% 1.96% −0.58
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ NU Nu Holdings Ltd./Cayman Isl-A New 8.87% +8.87 STNE Stoneco Ltd. Class A New 7.09% +7.09 RACE Ferrari NV Add +165.8% 4.14% +2.19 ORLY O'reilly Automotive Inc. Add +733.1% 1.89% +1.66 XP XP Inc. Class A Add +23.3% 10.12% +1.19 CMG Chipotle Mexican Grill Inc. New 1.07% +1.07 SE Sea Ltd.-ADR Add +68.5% 2.37% +0.92 SBUX Starbucks Corp. Add +42.4% 2.66% +0.47 LULU Lululemon Athletica Inc. Add +95.8% 1.82% +0.23 ORCL Oracle Corp. Add +67.7% 1.91% +0.20 LOW Lowe's Cos Inc. Add +28850.0% 0.12% +0.12 DPZ Domino's Pizza Inc. Add +28.4% 1.10% +0.11 HD Home Depot Inc. Add +50.4% 0.81% +0.09 QQQ Invesco QQQ Trust Series 1 New 0.01% +0.01 V Visa Inc. Class A Add +12.8% 2.41% −0.02 MA Mastercard Inc. Class A Add +6.8% 1.81% −0.24 SHW The Sherwin-Williams Co. Add +11.7% 2.84% −0.29 RH RH Add +44.9% 0.90% −0.41 META Meta Platforms Inc. Class A Add +3.4% 1.93% −0.46 MSFT Microsoft Corp. Add +16.3% 4.01% −0.88 TSM Taiwan Semiconductor-SP ADR Add +16.0% 3.46% −1.02 GOOGL Alphabet Inc. Class A Add +0.7% 2.66% −1.42 AMZN Amazon.com Inc. Add +18.0% 7.20% −1.68
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ NU Nu Holdings Ltd./Cayman Isl-A call Reduce -11.3% 1,787,500 $18.3M SPY SS SPDR S&P 500 ETF Trust-US put Add +105.4% 7,600 $4.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 2 $85.6M NU, MELI Q1 2026 2 $64.5M NU, MELI Q4 2025 2 $75.9M NU, MELI Q3 2025 Amended 31 $138.6M NU, MELI, AMZN, MSFT, TSM Q2 2025 Amended 28 $141.8M NU, MELI, XP, AMZN, MSFT Q1 2025 Amended 29 $110.3M MELI, XP, NU, AMZN, STNE Q4 2024 Amended 27 $87.4M MELI, XP, AMZN, MSFT, VTEX Q3 2024 26 $133.1M MELI, XP, NU, VTEX, AMZN Q2 2024 Amended 24 $188.7M NU, MELI, XP, AMZN, VTEX Q1 2024 22 $213.3M NU, MELI, XP, VTEX, AMZN