Dynamo Administracao de Recursos Ltda.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Dynamo Administracao de Recursos Ltda. reported 4 stock positions worth $18.5 million. Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 85.8% of the portfolio, followed by MercadoLibre (MELI, 12.4%) and Vtex Class A (VTEX, 1.5%). Compared with Q2 2025, it reduced 4. The biggest sale was MercadoLibre (MELI, shares −83%).

Most Recent 13F
Q3 2025
Location
RIO DE JANEIRO, D5
CIK
0001707096
Portfolio Value
$18.5M (Q3 2025)
SEC Filing
0000947871-25-001013 ↗ filed Nov 14, 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 Q1 2025 Q2 2025: $29.2M Q2 2025 Q3 2025: $18.5M $18.5M Q3 2025

Holdings 4 stocks · $18.5M
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 85.82% 991,524 $15.9M Reduce -0.8%
MELI MercadoLibre Inc. 12.39% 981 $2.3M Reduce -82.8%
VTEX Vtex Class A 1.52% 64,160 $281K Reduce -6.8%
VALE Vale SA-SP ADR 0.27% 4,633 $50K Reduce -41.1%

Portfolio Sells Q2 2025 → Q3 2025
MELI MercadoLibre Inc. Reduce -82.8% 12.39% −38.79
VTEX Vtex Class A Reduce -6.8% 1.52% −0.04
VALE Vale SA-SP ADR Reduce -41.1% 0.27% +0.01
NU Nu Holdings Ltd./Cayman Isl-A Reduce -0.8% 85.82% +38.82

Portfolio Buys Q2 2025 → Q3 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