Dynamo Administracao de Recursos Ltda.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Dynamo Administracao de Recursos Ltda. reported 4 stock positions worth $64.9 million. Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 77.0% of the portfolio, followed by MercadoLibre (MELI, 19.4%) and Vtex Class A (VTEX, 3.4%). Compared with Q4 2023, it sold out of 1, added to 1 and reduced 2. The biggest buy was MercadoLibre (MELI, shares +110%) and the biggest sale an exit from Natura &co Holding-ADR (NTCOY).

Most Recent 13F
Q3 2025
Location
RIO DE JANEIRO, D5
CIK
0001707096
Portfolio Value
$64.9M (Q1 2024)
SEC Filing
0000947871-24-000482 ↗ filed May 15, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $64.9M $64.9M Q1 2024 Q2 2024: $16.2M Q2 2024 Q3 2024: $2.4M Q3 2024 Q4 2024: $35.1M Q4 2024 Q1 2025: $16.7M Q1 2025 Q2 2025: $29.2M Q2 2025 Q3 2025: $18.5M Q3 2025

Holdings 4 stocks · $64.9M
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 77.00% 4,188,340 $50.0M Reduce -21.8%
MELI MercadoLibre Inc. 19.40% 8,326 $12.6M Add +109.5%
VTEX Vtex Class A 3.45% 273,988 $2.2M Reduce -51.0%
VALE Vale SA-SP ADR 0.15% 7,863 $96K No change

Portfolio Sells Q4 2023 → Q1 2024
NTCOY Natura &co Holding-ADR Sold out 0.00% −33.50
VTEX Vtex Class A Reduce -51.0% 3.45% −1.21
NU Nu Holdings Ltd./Cayman Isl-A Reduce -21.8% 77.00% +22.89

Portfolio Buys Q4 2023 → Q1 2024
MELI MercadoLibre Inc. Add +109.5% 19.40% +11.83

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 4$18.5MNU, MELI, VTEX, VALE
Q2 2025 4$29.2MMELI, NU, VTEX, VALE
Q1 2025 4$16.7MMELI, NU, VTEX, VALE
Q4 2024 4$35.1MMELI, NU, VTEX, VALE
Q3 2024 4$2.4MMELI, NU, VTEX, VALE
Q2 2024 4$16.2MNU, MELI, VTEX, VALE
Q1 2024 4$64.9MNU, MELI, VTEX, VALE