Atmos Capital Gestao DE Recursos Ltda.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Atmos Capital Gestao DE Recursos Ltda. reported 11 stock positions worth $700.3 million. Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 23.1% of the portfolio, followed by XP Class A (XP, 18.2%) and Stoneco Class A (STNE, 15.2%). Compared with Q2 2024, it sold out of 2, added to 6 and reduced 3. The biggest buy was Stoneco Class A (STNE, shares +106%) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −41%).

Most Recent 13F
Q2 2026
Location
Leblon - Rio de Janeiro, D5
CIK
0001832439
Portfolio Value
$700.3M (Q3 2024)
SEC Filing
0001213900-24-097964 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $819.8M Q1 2024 Q2 2024: $713.5M Q2 2024 Q3 2024: $700.3M $700.3M Q3 2024 Q4 2024: $461.1M Q4 2024 Q1 2025: $476.0M Q1 2025 Q2 2025: $645.3M Q2 2025 Q3 2025: $707.5M Q3 2025 Q4 2025: $660.0M Q4 2025 Q1 2026: $579.6M Q1 2026 Q2 2026: $796.4M Q2 2026

Holdings 11 stocks · $700.3M
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 23.13% 11,866,736 $162.0M Reduce -40.5%
XP XP Inc. Class A 18.19% 7,101,111 $127.4M Add +62.5%
STNE Stoneco Ltd. Class A 15.20% 9,450,447 $106.4M Add +105.7%
MELI MercadoLibre Inc. 14.62% 49,900 $102.4M Reduce -43.4%
AMZN Amazon.com Inc. 13.28% 499,220 $93.0M Add +26.1%
META Meta Platforms Inc. Class A 12.82% 156,807 $89.8M Add +22.2%
DLO Dlocal Ltd. 1.71% 1,493,806 $12.0M Reduce -16.1%
QQQ Invesco QQQ Trust Series 1 0.41% 5,894 $2.9M Add +88.5%
VTEX Vtex Class A 0.28% 261,572 $1.9M Add +0.0%
KWEB Kranesh Csi China Internet 0.20% 40,500 $1.4M No change
CXSE Wisdomtree China Ex-St Ow 0.17% 35,930 $1.2M No change

Options reported separately and not counted above: NU puts ($491K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $13K (not counted above)
SecurityClassShares / PrincipalValueChange
MLKWF Waldencast Acq Class A -CW27 *W EXP 07/27/202 82,102$13KNo change

Total filed on the 13F, all lines: $700.3M.

Portfolio Sells Q2 2024 → Q3 2024
NU Nu Holdings Ltd./Cayman Isl-A Reduce -40.5% 23.13% −12.91
MELI MercadoLibre Inc. Reduce -43.4% 14.62% −5.67
INTR Inter & Co. Inc. Class A Sold out 0.00% −2.35
DLO Dlocal Ltd. Reduce -16.1% 1.71% −0.31
IYW iShares Ustechnology ETF Sold out 0.00% −0.24

Portfolio Buys Q2 2024 → Q3 2024
STNE Stoneco Ltd. Class A Add +105.7% 15.20% +7.47
XP XP Inc. Class A Add +62.5% 18.19% +7.42
META Meta Platforms Inc. Class A Add +22.2% 12.82% +3.75
AMZN Amazon.com Inc. Add +26.1% 13.28% +2.56
QQQ Invesco QQQ Trust Series 1 Add +88.5% 0.41% +0.20
VTEX Vtex Class A Add +0.0% 0.28% +0.01

Options Activity Q2 2024 → Q3 2024
NU Nu Holdings Ltd./Cayman Isl-A put New 36,000 $491K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$796.4MNU, MELI, DLO, INTR, XP
Q1 2026 15$579.6MNU, MELI, AMZN, XP, MSFT
Q4 2025Amended 15$660.0MNU, MELI, XP, DLO, GOOGL
Q3 2025 16$707.5MNU, STNE, XP, MELI, TSM
Q2 2025 9$645.3MNU, XP, STNE, MELI, TSM
Q1 2025 11$476.0MSTNE, XP, MELI, META, GOOGL
Q4 2024 11$461.1MSTNE, XP, MELI, GOOGL, META
Q3 2024 11$700.3MNU, XP, STNE, MELI, AMZN
Q2 2024 13$713.5MNU, MELI, XP, AMZN, META
Q1 2024 13$819.8MNU, MELI, AMZN, META, STNE