Atmos Capital Gestao DE Recursos Ltda. In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Atmos Capital Gestao DE Recursos Ltda. reported 15 stock positions worth $579.6 million . Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 44.7% of the portfolio, followed by MercadoLibre (MELI, 9.3% ) and Amazon.com (AMZN, 8.2% ). Compared with Q4 2025, it added to 11 and reduced 4. The biggest buy was Amazon.com (AMZN, shares +348% ) and the biggest sale MercadoLibre (MELI, shares −59% ).
Location Leblon - Rio de Janeiro, D5
CIK 0001832439
Portfolio Value $579.6M (Q1 2026) Holdings 15 stocks · $579.6M 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 Q4 2025 NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 18,019,613 $258.9M Add +13.9% MELI MercadoLibre Inc. 31,173 $53.9M Reduce -58.7% AMZN Amazon.com Inc. 228,151 $47.5M Add +347.7% XP XP Inc. Class A 2,382,538 $45.4M Reduce -57.6% MSFT Microsoft Corp. 120,556 $44.6M Add +429.9% DLO Dlocal Ltd. 2,071,719 $26.9M Add +8.2% NVDA Nvidia Corp. 85,277 $14.9M Add +28.8% GOOGL Alphabet Inc. Class A 50,716 $14.6M Add +7.0% TSM Taiwan Semiconductor-SP ADR 42,261 $14.3M Reduce -8.3% AAPL Apple Inc. 53,442 $13.6M Add +7.5% ABNB Airbnb Inc. Class A 100,558 $12.7M Add +7.3% NFLX Netflix Inc. 128,326 $12.3M Add +7.0% BKNG Booking Holdings Inc. 58,425 $9.8M Add +2585.0% META Meta Platforms Inc. Class A 16,436 $9.4M Add +7.2% VTEX Vtex Class A 193,173 $773K Reduce -13.2%
Options reported separately and not counted above: XP calls ($134.2M).
Portfolio Sells Q4 2025 → Q1 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ MELI MercadoLibre Inc. Reduce -58.7% 9.30% −13.75 XP XP Inc. Class A Reduce -57.6% 7.83% −6.12 VTEX Vtex Class A Reduce -13.2% 0.13% +0.01 TSM Taiwan Semiconductor-SP ADR Reduce -8.3% 2.46% +0.34
Portfolio Buys Q4 2025 → Q1 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. Add +347.7% 8.20% +6.42 MSFT Microsoft Corp. Add +429.9% 7.70% +6.03 NU Nu Holdings Ltd./Cayman Isl-A Add +13.9% 44.68% +4.57 NVDA Nvidia Corp. Add +28.8% 2.57% +0.70 DLO Dlocal Ltd. Add +8.2% 4.64% +0.54 NFLX Netflix Inc. Add +7.0% 2.13% +0.43 AAPL Apple Inc. Add +7.5% 2.34% +0.29 GOOGL Alphabet Inc. Class A Add +7.0% 2.52% +0.27 ABNB Airbnb Inc. Class A Add +7.3% 2.19% +0.26 META Meta Platforms Inc. Class A Add +7.2% 1.62% +0.09 BKNG Booking Holdings Inc. Add +2585.0% 1.70% −0.07
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ XP XP Inc. Class A call Add +14.8% 7,046,100 $134.2M
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 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