Constellation Investimentos e Participacoes Ltda
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Constellation Investimentos e Participacoes Ltda reported 8 stock positions worth $241.9 million. Its top holding was MercadoLibre (MELI) at 37.8% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 27.3%) and XP Class A (XP, 22.5%). Compared with Q4 2023, it opened 4 new positions, sold out of 4 and reduced 4. The biggest buy was a new position in Stoneco Class A (STNE) and the biggest sale MercadoLibre (MELI, shares −27%).
- Most Recent 13F
- Q3 2025
- Location
- SAO PAULO, D5
- CIK
- 0001893840
- Portfolio Value
- $241.9M (Q1 2024)
- SEC Filing
- 0000919574-24-002784 ↗ filed May 8, 2024
Holdings Value
Holdings 8 stocks · $241.9M
| MELI MercadoLibre Inc. | 37.82% | 60,522 | $91.5M | Reduce -26.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 27.30% | 5,536,713 | $66.1M | Reduce -26.5% |
| XP XP Inc. Class A | 22.55% | 2,126,159 | $54.6M | Reduce -35.0% |
| STNE Stoneco Ltd. Class A | 10.21% | 1,487,775 | $24.7M | New |
| AMBIQ Ambipar Emergency Response | 1.29% | 587,211 | $3.1M | Reduce -2.7% |
| NVDA Nvidia Corp. | 0.31% | 820 | $741K | New |
| META Meta Platforms Inc. Class A | 0.26% | 1,300 | $631K | New |
| UBER Uber Technologies Inc. | 0.26% | 8,156 | $628K | New |
Portfolio Sells Q4 2023 → Q1 2024
| MELI MercadoLibre Inc. | Reduce -26.6% | 37.82% | −7.82 |
| XP XP Inc. Class A | Reduce -35.0% | 22.55% | −7.47 |
| AMBIQ Ambipar Emergency Response | Reduce -2.7% | 1.29% | −0.38 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.23 |
| DNOW Dnow Inc. | Sold out | 0.00% | −0.16 |
| CINT Ci&t Inc./United States-A | Sold out | 0.00% | −0.10 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.08 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -26.5% | 27.30% | +5.21 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 7 | $46.7M | MELI, NU, META, NVDA, CPNG |
| Q2 2025 | 8 | $55.8M | MELI, NU, XP, AMBIQ, STNE |
| Q1 2025 | 10 | $35.9M | MELI, NU, AMBIQ, ITUB, PBR.A |
| Q4 2024 | 10 | $103.4M | MELI, NU, ITUB, PBR.A, SUZ |
| Q3 2024 | 12 | $180.6M | MELI, NU, STNE, ITUB, PBR.A |
| Q2 2024 | 11 | $200.8M | MELI, NU, STNE, ITUB, PBR.A |
| Q1 2024 | 8 | $241.9M | MELI, NU, XP, STNE, AMBIQ |