Constellation Investimentos e Participacoes Ltda
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Constellation Investimentos e Participacoes Ltda reported 10 stock positions worth $103.4 million. Its top holding was MercadoLibre (MELI) at 43.3% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 24.6%) and Itau Unibanco H-Spon PRF ADR (ITUB, 12.2%). Compared with Q3 2024, it sold out of 2, added to 3 and reduced 6. The biggest buy was Petroleo Brasil-SP Pref ADR (PBR.A, shares +146%) and the biggest sale an exit from Stoneco Class A (STNE).
- Most Recent 13F
- Q3 2025
- Location
- SAO PAULO, D5
- CIK
- 0001893840
- Portfolio Value
- $103.4M (Q4 2024)
- SEC Filing
- 0001893840-25-000002 ↗ filed Jan 16, 2025
Holdings Value
Holdings 10 stocks · $103.4M
| MELI MercadoLibre Inc. | 43.26% | 26,300 | $44.7M | Reduce -27.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 24.62% | 2,456,712 | $25.5M | Reduce -33.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | 12.19% | 2,540,200 | $12.6M | Add +96.8% |
| PBR.A Petroleo Brasil-SP Pref ADR | 10.92% | 953,000 | $11.3M | Add +145.7% |
| SUZ Suzano SA - Spon ADR | 4.19% | 428,400 | $4.3M | Add +132.3% |
| AMBIQ Ambipar Emergency Response | 2.93% | 572,357 | $3.0M | No change |
| META Meta Platforms Inc. Class A | 0.71% | 1,260 | $738K | Reduce -2.3% |
| NVDA Nvidia Corp. | 0.50% | 3,840 | $516K | Reduce -3.8% |
| BX Blackstone Inc. | 0.46% | 2,765 | $477K | Reduce -4.2% |
| VTEX Vtex Class A | 0.21% | 37,637 | $222K | Reduce -4.5% |
Portfolio Sells Q3 2024 → Q4 2024
| STNE Stoneco Ltd. Class A | Sold out | 0.00% | −19.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -33.7% | 24.62% | −3.39 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.22 |
| VTEX Vtex Class A | Reduce -4.5% | 0.21% | +0.05 |
| BX Blackstone Inc. | Reduce -4.2% | 0.46% | +0.22 |
| NVDA Nvidia Corp. | Reduce -3.8% | 0.50% | +0.23 |
| META Meta Platforms Inc. Class A | Reduce -2.3% | 0.71% | +0.30 |
| MELI MercadoLibre Inc. | Reduce -27.5% | 43.26% | +2.05 |
Portfolio Buys Q3 2024 → Q4 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 |