Atmos Capital Gestao DE Recursos Ltda. In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Atmos Capital Gestao DE Recursos Ltda. reported 11 stock positions worth $461.1 million . Its top holding was Stoneco Class A (STNE) at 20.1% of the portfolio, followed by XP Class A (XP, 19.1% ) and MercadoLibre (MELI, 17.9% ). Compared with Q3 2024, it opened 1 new position, sold out of 1, added to 2 and reduced 6. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −61% ).
Location Leblon - Rio de Janeiro, D5
CIK 0001832439
Portfolio Value $461.1M (Q4 2024) Holdings 11 stocks · $461.1M 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 Q3 2024 STNE Stoneco Ltd. Class A 11,623,836 $92.6M Add +23.0% XP XP Inc. Class A 7,436,029 $88.1M Add +4.7% MELI MercadoLibre Inc. 48,568 $82.6M Reduce -2.7% GOOGL Alphabet Inc. Class A 267,795 $50.7M New META Meta Platforms Inc. Class A 83,671 $49.0M Reduce -46.6% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 4,606,283 $47.7M Reduce -61.2% AMZN Amazon.com Inc. 204,673 $44.9M Reduce -59.0% QQQ Invesco QQQ Trust Series 1 3,127 $1.6M Reduce -47.0% VTEX Vtex Class A 260,358 $1.5M Reduce -0.5% KWEB Kranesh Csi China Internet 40,500 $1.2M No change CXSE Wisdomtree China Ex-St Ow 35,930 $1.1M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $14K (not counted above) Security Class Shares / Principal Value Change MLKWF Waldencast Acq Class A -CW27 *W EXP 07/27/202 82,102 $14K No change
Total filed on the 13F, all lines: $461.1M.
Portfolio Sells Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ NU Nu Holdings Ltd./Cayman Isl-A Reduce -61.2% 10.35% −12.78 AMZN Amazon.com Inc. Reduce -59.0% 9.74% −3.54 META Meta Platforms Inc. Class A Reduce -46.6% 10.63% −2.19 DLO Dlocal Ltd. Sold out 0.00% −1.71 QQQ Invesco QQQ Trust Series 1 Reduce -47.0% 0.35% −0.06 VTEX Vtex Class A Reduce -0.5% 0.33% +0.05 MELI MercadoLibre Inc. Reduce -2.7% 17.91% +3.29
Portfolio Buys Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ GOOGL Alphabet Inc. Class A New 10.99% +10.99 STNE Stoneco Ltd. Class A Add +23.0% 20.09% +4.90 XP XP Inc. Class A Add +4.7% 19.11% +0.92
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ NU Nu Holdings Ltd./Cayman Isl-A put Sold out 36,000 $491Kbefore exit
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