Constellation Investimentos e Participacoes Ltda
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Constellation Investimentos e Participacoes Ltda reported 10 stock positions worth $35.9 million. Its top holding was MercadoLibre (MELI) at 49.1% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 22.0%) and Ambipar Emergency Response (AMBIQ, 7.9%). Compared with Q4 2024, it opened 2 new positions, sold out of 2 and reduced 8. The biggest buy was a new position in XP Class A (XP) and the biggest sale Itau Unibanco H-Spon PRF ADR (ITUB, shares −84%).
- Most Recent 13F
- Q3 2025
- Location
- SAO PAULO, D5
- CIK
- 0001893840
- Portfolio Value
- $35.9M (Q1 2025)
- SEC Filing
- 0001893840-25-000003 ↗ filed Apr 17, 2025
Holdings Value
Holdings 10 stocks · $35.9M
| MELI MercadoLibre Inc. | 49.09% | 9,034 | $17.6M | Reduce -65.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 21.95% | 769,729 | $7.9M | Reduce -68.7% |
| AMBIQ Ambipar Emergency Response | 7.89% | 571,051 | $2.8M | Reduce -0.2% |
| ITUB Itau Unibanco H-Spon PRF ADR | 6.14% | 400,590 | $2.2M | Reduce -84.2% |
| PBR.A Petroleo Brasil-SP Pref ADR | 5.50% | 151,429 | $2.0M | Reduce -84.1% |
| XP XP Inc. Class A | 2.82% | 73,700 | $1.0M | New |
| STNE Stoneco Ltd. Class A | 2.76% | 94,500 | $990K | New |
| META Meta Platforms Inc. Class A | 2.01% | 1,250 | $720K | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.14% | 3,780 | $410K | Reduce -1.6% |
| BX Blackstone Inc. | 0.71% | 1,815 | $254K | Reduce -34.4% |
Portfolio Sells Q4 2024 → Q1 2025
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -84.2% | 6.14% | −6.05 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -84.1% | 5.50% | −5.42 |
| SUZ Suzano SA - Spon ADR | Sold out | 0.00% | −4.19 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -68.7% | 21.95% | −2.67 |
| VTEX Vtex Class A | Sold out | 0.00% | −0.21 |
| BX Blackstone Inc. | Reduce -34.4% | 0.71% | +0.25 |
| NVDA Nvidia Corp. | Reduce -1.6% | 1.14% | +0.64 |
| META Meta Platforms Inc. Class A | Reduce -0.8% | 2.01% | +1.29 |
| AMBIQ Ambipar Emergency Response | Reduce -0.2% | 7.89% | +4.96 |
| MELI MercadoLibre Inc. | Reduce -65.7% | 49.09% | +5.82 |
Portfolio Buys Q4 2024 → Q1 2025
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 |