Atmos Capital Gestao DE Recursos Ltda. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Atmos Capital Gestao DE Recursos Ltda. reported 16 stock positions worth $796.4 million . Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 39.7% of the portfolio, followed by MercadoLibre (MELI, 15.8% ) and Dlocal (DLO, 6.5% ). Compared with Q1 2026, it opened 1 new position, added to 7 and reduced 8. The biggest buy was MercadoLibre (MELI, shares +137% ) and the biggest sale Amazon.com (AMZN, shares −47% ).
Location Leblon - Rio de Janeiro, D5
CIK 0001832439
Portfolio Value $796.4M (Q2 2026) Holdings 16 stocks · $796.4M 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 2026 NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 23,637,075 $315.8M Add +31.2% MELI MercadoLibre Inc. 73,971 $125.6M Add +137.3% DLO Dlocal Ltd. 3,990,466 $51.9M Add +92.6% INTR Inter & Co. Inc. Class A 7,504,483 $40.7M New XP XP Inc. Class A 2,082,802 $33.9M Reduce -12.6% META Meta Platforms Inc. Class A 57,015 $32.1M Add +246.9% GOOGL Alphabet Inc. Class A 88,993 $31.8M Add +75.5% MSFT Microsoft Corp. 83,749 $31.2M Reduce -30.5% AMZN Amazon.com Inc. 121,071 $28.9M Reduce -46.9% TSM Taiwan Semiconductor-SP ADR 59,225 $28.3M Add +40.1% NVDA Nvidia Corp. 119,301 $23.9M Add +39.9% AAPL Apple Inc. 52,922 $15.3M Reduce -1.0% ABNB Airbnb Inc. Class A 99,452 $14.2M Reduce -1.1% BKNG Booking Holdings Inc. 73,101 $13.0M Reduce -95.0% NFLX Netflix Inc. 127,225 $9.1M Reduce -0.9% VTEX Vtex Class A 191,255 $765K Reduce -1.0%
Options reported separately and not counted above: XP calls ($35.6M).
Portfolio Sells Q1 2026 → Q2 2026 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 2026 % Of Portfolio Change To Portfolio ▲ AMZN Amazon.com Inc. Reduce -46.9% 3.62% −4.58 MSFT Microsoft Corp. Reduce -30.5% 3.92% −3.78 XP XP Inc. Class A Reduce -12.6% 4.25% −3.57 NFLX Netflix Inc. Reduce -0.9% 1.14% −0.99 AAPL Apple Inc. Reduce -1.0% 1.92% −0.42 ABNB Airbnb Inc. Class A Reduce -1.1% 1.79% −0.40 BKNG Booking Holdings Inc. Reduce -95.0% 1.64% −0.06 VTEX Vtex Class A Reduce -1.0% 0.10% −0.04
Portfolio Buys Q1 2026 → Q2 2026 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 2026 % Of Portfolio Change To Portfolio ▼ MELI MercadoLibre Inc. Add +137.3% 15.77% +6.47 INTR Inter & Co. Inc. Class A New 5.12% +5.12 META Meta Platforms Inc. Class A Add +246.9% 4.03% +2.41 DLO Dlocal Ltd. Add +92.6% 6.51% +1.88 GOOGL Alphabet Inc. Class A Add +75.5% 3.99% +1.48 TSM Taiwan Semiconductor-SP ADR Add +40.1% 3.55% +1.09 NVDA Nvidia Corp. Add +39.9% 3.00% +0.43 NU Nu Holdings Ltd./Cayman Isl-A Add +31.2% 39.65% −5.03
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ XP XP Inc. Class A call Reduce -68.9% 2,191,200 $35.6M
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 16 $796.4M NU, MELI, DLO, INTR, XP Q1 2026 15 $579.6M NU, MELI, AMZN, XP, MSFT Q4 2025 Amended 15 $660.0M NU, MELI, XP, DLO, GOOGL Q3 2025 16 $707.5M NU, STNE, XP, MELI, TSM Q2 2025 9 $645.3M NU, XP, STNE, MELI, TSM Q1 2025 11 $476.0M STNE, XP, MELI, META, GOOGL Q4 2024 11 $461.1M STNE, XP, MELI, GOOGL, META Q3 2024 11 $700.3M NU, XP, STNE, MELI, AMZN Q2 2024 13 $713.5M NU, MELI, XP, AMZN, META Q1 2024 13 $819.8M NU, MELI, AMZN, META, STNE