Constellation Investimentos e Participacoes Ltda

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 2, 2024), Constellation Investimentos e Participacoes Ltda reported 11 stock positions worth $200.8 million. Its top holding was MercadoLibre (MELI) at 49.7% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 27.3%) and Stoneco Class A (STNE, 14.0%). Compared with Q1 2024, it opened 4 new positions, sold out of 1, added to 2 and reduced 3. The biggest buy was MercadoLibre (MELI, shares +0%) and the biggest sale an exit from XP Class A (XP).

Most Recent 13F
Q3 2025
Location
SAO PAULO, D5
CIK
0001893840
Portfolio Value
$200.8M (Q2 2024)
SEC Filing
0000919574-24-004245 ↗ filed Aug 2, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $241.9M Q1 2024 Q2 2024: $200.8M $200.8M Q2 2024 Q3 2024: $180.6M Q3 2024 Q4 2024: $103.4M Q4 2024 Q1 2025: $35.9M Q1 2025 Q2 2025: $55.8M Q2 2025 Q3 2025: $46.7M Q3 2025

Holdings 11 stocks · $200.8M
MELI MercadoLibre Inc. 49.69% 60,717 $99.8M Add +0.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 27.26% 4,246,495 $54.7M Reduce -23.3%
STNE Stoneco Ltd. Class A 14.00% 2,344,327 $28.1M Add +57.6%
ITUB Itau Unibanco H-Spon PRF ADR 3.79% 1,304,100 $7.6M New
PBR.A Petroleo Brasil-SP Pref ADR 2.63% 387,900 $5.3M New
AMBIQ Ambipar Emergency Response 1.15% 587,211 $2.3M No change
EWZ iShares MSCI Brazil ETF 0.45% 33,100 $905K New
NVDA Nvidia Corp. 0.36% 5,840 $721K Reduce -28.8%
META Meta Platforms Inc. Class A 0.33% 1,300 $655K No change
UBER Uber Technologies Inc. 0.20% 5,569 $405K Reduce -31.7%
VTEX Vtex Class A 0.15% 40,833 $296K New

Portfolio Sells Q1 2024 → Q2 2024
XP XP Inc. Class A Sold out 0.00% −22.55
UBER Uber Technologies Inc. Reduce -31.7% 0.20% −0.06
NU Nu Holdings Ltd./Cayman Isl-A Reduce -23.3% 27.26% −0.04
NVDA Nvidia Corp. Reduce -28.8% 0.36% +0.05

Portfolio Buys Q1 2024 → Q2 2024
MELI MercadoLibre Inc. Add +0.3% 49.69% +11.87
ITUB Itau Unibanco H-Spon PRF ADR New 3.79% +3.79
STNE Stoneco Ltd. Class A Add +57.6% 14.00% +3.78
PBR.A Petroleo Brasil-SP Pref ADR New 2.63% +2.63
EWZ iShares MSCI Brazil ETF New 0.45% +0.45
VTEX Vtex Class A New 0.15% +0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 7$46.7MMELI, NU, META, NVDA, CPNG
Q2 2025 8$55.8MMELI, NU, XP, AMBIQ, STNE
Q1 2025 10$35.9MMELI, NU, AMBIQ, ITUB, PBR.A
Q4 2024 10$103.4MMELI, NU, ITUB, PBR.A, SUZ
Q3 2024 12$180.6MMELI, NU, STNE, ITUB, PBR.A
Q2 2024 11$200.8MMELI, NU, STNE, ITUB, PBR.A
Q1 2024 8$241.9MMELI, NU, XP, STNE, AMBIQ