Dynamo Administracao de Recursos Ltda.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Dynamo Administracao de Recursos Ltda. reported 4 stock positions worth $16.7 million. Its top holding was MercadoLibre (MELI) at 84.7% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 12.8%) and Vtex Class A (VTEX, 2.1%). Compared with Q4 2024, it reduced 3. The biggest sale was Nu Holdings Ltd./Cayman Isl-A (NU, shares −69%).

Most Recent 13F
Q3 2025
Location
RIO DE JANEIRO, D5
CIK
0001707096
Portfolio Value
$16.7M (Q1 2025)
SEC Filing
0000947871-25-000531 ↗ filed May 15, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $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 $16.7M Q1 2025 Q2 2025: $29.2M Q2 2025 Q3 2025: $18.5M Q3 2025

Holdings 4 stocks · $16.7M
MELI MercadoLibre Inc. 84.66% 7,227 $14.1M Reduce -55.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 12.77% 207,630 $2.1M Reduce -69.0%
VTEX Vtex Class A 2.10% 68,879 $349K Reduce -45.0%
VALE Vale SA-SP ADR 0.47% 7,863 $78K No change

Portfolio Sells Q4 2024 → Q1 2025
NU Nu Holdings Ltd./Cayman Isl-A Reduce -69.0% 12.77% −6.96
VTEX Vtex Class A Reduce -45.0% 2.10% −0.00
MELI MercadoLibre Inc. Reduce -55.1% 84.66% +6.69

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

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