Absoluto Partners Gestao de Recursos Ltda In its 13F for Q2 2025 (holdings as of June 30, 2025, filed March 3, 2026), Absoluto Partners Gestao de Recursos Ltda reported 28 stock positions worth $141.8 million . Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 25.7% of the portfolio, followed by MercadoLibre (MELI, 14.5% ) and XP Class A (XP, 10.9% ). Compared with Q1 2025, it opened 4 new positions, sold out of 5, added to 15 and reduced 9. The biggest buy was Nu Holdings Ltd./Cayman Isl-A (NU, shares +178% ) and the biggest sale MercadoLibre (MELI, shares −40% ).
Location LEBLON, RIO DE JANEIRO, RJ, D5
CIK 0001847566
Portfolio Value $141.8M (Q2 2025) Holdings 28 stocks · $141.8M 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 Q1 2025 NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 2,656,514 $36.4M Add +178.1% MELI MercadoLibre Inc. 7,877 $20.6M Reduce -39.7% XP XP Inc. Class A 762,871 $15.4M Reduce -6.0% AMZN Amazon.com Inc. 41,896 $9.2M Add +0.4% MSFT Microsoft Corp. 13,213 $6.6M Add +12.2% TSM Taiwan Semiconductor-SP ADR 27,826 $6.3M Add +21.1% SE Sea Ltd.-ADR 32,619 $5.2M Add +63.2% META Meta Platforms Inc. Class A 6,050 $4.5M Add +63.6% RACE Ferrari NV 7,941 $3.9M Reduce -25.6% ORCL Oracle Corp. 17,813 $3.9M Add +18.1% NFLX Netflix Inc. 2,485 $3.3M Add +7.0% V Visa Inc. Class A 9,339 $3.3M Add +23.3% ORLY O'reilly Automotive Inc. 34,862 $3.1M Add +59.4% NVDA Nvidia Corp. 18,107 $2.9M Add +30.6% SHW The Sherwin-Williams Co. 7,339 $2.5M Reduce -18.1% SBUX Starbucks Corp. 26,232 $2.4M Reduce -12.4% MA Mastercard Inc. Class A 4,195 $2.4M Add +15.3% LULU Lululemon Athletica Inc. 8,254 $2.0M Add +16.5% DPZ Domino's Pizza Inc. 4,041 $1.8M Add +53.0% DG Dollar General Corp. 11,887 $1.4M New NOW ServiceNow Inc. 1,300 $1.3M Reduce -4.3% ONON On Holding AG Class A filed as ON HLDG AG 25,487 $1.3M New RH RH 5,679 $1.1M Add +34.8% CVNA Carvana Co. 967 $326K New CMG Chipotle Mexican Grill Inc. 4,720 $265K Reduce -79.9% SPGI S&P Global Inc. 417 $220K Reduce -86.0% GOOGL Alphabet Inc. Class A 842 $148K Reduce -95.6% TTWO Take-Two Interactive Softwre 4,905 $67K New
Options reported separately and not counted above: NU calls ($21.0M), SPY puts ($1.2M).
Portfolio Sells Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ MELI MercadoLibre Inc. Reduce -39.7% 14.52% −8.58 STNE Stoneco Ltd. Class A Sold out 0.00% −7.09 GOOGL Alphabet Inc. Class A Reduce -95.6% 0.10% −2.55 RACE Ferrari NV Reduce -25.6% 2.75% −1.39 SPGI S&P Global Inc. Reduce -86.0% 0.15% −1.22 SHW The Sherwin-Williams Co. Reduce -18.1% 1.78% −1.06 SBUX Starbucks Corp. Reduce -12.4% 1.69% −0.97 CMG Chipotle Mexican Grill Inc. Reduce -79.9% 0.19% −0.88 HD Home Depot Inc. Sold out 0.00% −0.81 LOW Lowe's Cos Inc. Sold out 0.00% −0.12 NOW ServiceNow Inc. Reduce -4.3% 0.94% −0.04 FICO Fair Isaac Corp. Sold out 0.00% −0.04 QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.01 XP XP Inc. Class A Reduce -6.0% 10.87% +0.75
Portfolio Buys Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ NU Nu Holdings Ltd./Cayman Isl-A Add +178.1% 25.70% +16.83 SE Sea Ltd.-ADR Add +63.2% 3.68% +1.31 META Meta Platforms Inc. Class A Add +63.6% 3.15% +1.22 TSM Taiwan Semiconductor-SP ADR Add +21.1% 4.44% +0.99 DG Dollar General Corp. New 0.96% +0.96 ONON On Holding AG Class A New 0.94% +0.94 ORCL Oracle Corp. Add +18.1% 2.75% +0.83 NVDA Nvidia Corp. Add +30.6% 2.02% +0.65 MSFT Microsoft Corp. Add +12.2% 4.63% +0.63 NFLX Netflix Inc. Add +7.0% 2.35% +0.38 ORLY O'reilly Automotive Inc. Add +59.4% 2.22% +0.32 CVNA Carvana Co. New 0.23% +0.23 DPZ Domino's Pizza Inc. Add +53.0% 1.28% +0.18 TTWO Take-Two Interactive Softwre New 0.05% +0.05 V Visa Inc. Class A Add +23.3% 2.34% −0.07 RH RH Add +34.8% 0.76% −0.14 MA Mastercard Inc. Class A Add +15.3% 1.66% −0.15 LULU Lululemon Athletica Inc. Add +16.5% 1.38% −0.44 AMZN Amazon.com Inc. Add +0.4% 6.48% −0.72
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ NU Nu Holdings Ltd./Cayman Isl-A call Reduce -14.5% 1,529,000 $21.0M SPY SS SPDR S&P 500 ETF Trust-US put Reduce -73.7% 2,000 $1.2M
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