Absoluto Partners Gestao de Recursos Ltda In its 13F for Q3 2025 (holdings as of September 30, 2025, filed March 3, 2026), Absoluto Partners Gestao de Recursos Ltda reported 31 stock positions worth $138.6 million . Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 36.6% of the portfolio, followed by MercadoLibre (MELI, 8.7% ) and Amazon.com (AMZN, 5.6% ). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 9 and reduced 15. The biggest buy was Nu Holdings Ltd./Cayman Isl-A (NU, shares +19% ) and the biggest sale an exit from XP Class A (XP).
Location LEBLON, RIO DE JANEIRO, RJ, D5
CIK 0001847566
Portfolio Value $138.6M (Q3 2025) Holdings 31 stocks · $138.6M 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 Q2 2025 NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3,166,186 $50.7M Add +19.2% MELI MercadoLibre Inc. 5,148 $12.0M Reduce -34.6% AMZN Amazon.com Inc. 35,635 $7.8M Reduce -14.9% MSFT Microsoft Corp. 12,800 $6.6M Reduce -3.1% TSM Taiwan Semiconductor-SP ADR 22,336 $6.2M Reduce -19.7% SE Sea Ltd.-ADR 31,061 $5.6M Reduce -4.8% ORCL Oracle Corp. 19,230 $5.4M Add +8.0% RACE Ferrari NV 10,307 $5.0M Add +29.8% GOOGL Alphabet Inc. Class A 15,832 $3.8M Add +1780.3% SPOT Spotify Technology SA 5,293 $3.7M New ORLY O'reilly Automotive Inc. 29,118 $3.1M Reduce -16.5% SHW The Sherwin-Williams Co. 7,699 $2.7M Add +4.9% NVDA Nvidia Corp. 13,606 $2.5M Reduce -24.9% SBUX Starbucks Corp. 28,985 $2.5M Add +10.5% META Meta Platforms Inc. Class A 3,050 $2.2M Reduce -49.6% RH RH 11,018 $2.2M Add +94.0% MA Mastercard Inc. Class A 3,542 $2.0M Reduce -15.6% ONON On Holding AG Class A filed as ON HLDG AG 41,824 $1.8M Add +64.1% FIVE Five Below 11,254 $1.7M New V Visa Inc. Class A 4,575 $1.6M Reduce -51.0% NFLX Netflix Inc. 1,252 $1.5M Reduce -49.6% BABA Alibaba Group Holding-SP ADR 8,182 $1.5M New GIL Gildan Activewear Inc. 22,806 $1.3M New CVNA Carvana Co. 3,491 $1.3M Add +261.0% TTWO Take-Two Interactive Softwre 4,887 $1.3M Reduce -0.4% NOW ServiceNow Inc. 977 $899K Reduce -24.9% BLDR Builders Firstsource Inc. 6,541 $793K New DG Dollar General Corp. 5,156 $533K Reduce -56.6% SNOW Snowflake Inc. 851 $192K New DLTR Dollar Tree Inc. 626 $59K New SPGI S&P Global Inc. 48 $23K Reduce -88.5%
Options reported separately and not counted above: NU calls ($23.9M), SPY puts ($20.1M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ XP XP Inc. Class A Sold out 0.00% −10.87 MELI MercadoLibre Inc. Reduce -34.6% 8.68% −5.84 META Meta Platforms Inc. Class A Reduce -49.6% 1.62% −1.53 LULU Lululemon Athletica Inc. Sold out 0.00% −1.38 DPZ Domino's Pizza Inc. Sold out 0.00% −1.28 NFLX Netflix Inc. Reduce -49.6% 1.08% −1.26 V Visa Inc. Class A Reduce -51.0% 1.13% −1.21 AMZN Amazon.com Inc. Reduce -14.9% 5.64% −0.84 DG Dollar General Corp. Reduce -56.6% 0.38% −0.57 NOW ServiceNow Inc. Reduce -24.9% 0.65% −0.29 MA Mastercard Inc. Class A Reduce -15.6% 1.45% −0.21 CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.19 NVDA Nvidia Corp. Reduce -24.9% 1.83% −0.19 SPGI S&P Global Inc. Reduce -88.5% 0.02% −0.14 ORLY O'reilly Automotive Inc. Reduce -16.5% 2.26% +0.05 TSM Taiwan Semiconductor-SP ADR Reduce -19.7% 4.50% +0.06 MSFT Microsoft Corp. Reduce -3.1% 4.78% +0.15 SE Sea Ltd.-ADR Reduce -4.8% 4.00% +0.33 TTWO Take-Two Interactive Softwre Reduce -0.4% 0.91% +0.86
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ NU Nu Holdings Ltd./Cayman Isl-A Add +19.2% 36.56% +10.86 GOOGL Alphabet Inc. Class A Add +1780.3% 2.78% +2.67 SPOT Spotify Technology SA New 2.66% +2.66 FIVE Five Below New 1.26% +1.26 ORCL Oracle Corp. Add +8.0% 3.90% +1.15 BABA Alibaba Group Holding-SP ADR New 1.05% +1.05 GIL Gildan Activewear Inc. New 0.95% +0.95 RACE Ferrari NV Add +29.8% 3.61% +0.86 RH RH Add +94.0% 1.61% +0.86 CVNA Carvana Co. Add +261.0% 0.95% +0.72 BLDR Builders Firstsource Inc. New 0.57% +0.57 ONON On Holding AG Class A Add +64.1% 1.28% +0.34 SHW The Sherwin-Williams Co. Add +4.9% 1.92% +0.15 SNOW Snowflake Inc. New 0.14% +0.14 SBUX Starbucks Corp. Add +10.5% 1.77% +0.07 DLTR Dollar Tree Inc. New 0.04% +0.04
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ NU Nu Holdings Ltd./Cayman Isl-A call Reduce -2.5% 1,490,000 $23.9M SPY SS SPDR S&P 500 ETF Trust-US put Add +1410.0% 30,200 $20.1M
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