Kapitalo Investimentos Ltda
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Kapitalo Investimentos Ltda reported 51 stock positions worth $1.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 12.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 11.8%) and Tesla (TSLA, 9.9%). Compared with Q1 2026, it opened 13 new positions, sold out of 10, added to 20 and reduced 7. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from Chart Industries (GTLS).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001798686
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001798686-26-000004 ↗ filed Aug 14, 2026
Holdings Value
Holdings 51 stocks · $1.3B
| IVV iShares Core S&P 500 ETF | 12.26% | 208,479 | $156.1M | Add +201.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 11.80% | 201,260 | $150.3M | New |
| TSLA Tesla Inc. | 9.92% | 300,429 | $126.4M | New |
| AMZN Amazon.com Inc. | 8.59% | 459,139 | $109.4M | Add +87.3% |
| TSM Taiwan Semiconductor-SP ADR | 6.86% | 183,054 | $87.4M | Add +3726.4% |
| KRE SS SPDR S&P Regional Bank | 5.92% | 1,006,900 | $75.4M | New |
| NVDA Nvidia Corp. | 5.83% | 371,034 | $74.2M | Add +61.8% |
| META Meta Platforms Inc. Class A | 5.33% | 120,563 | $67.9M | Add +174.1% |
| EA Electronic Arts Inc. | 2.99% | 185,573 | $38.0M | Reduce -13.0% |
| VST Vistra Corp. | 2.84% | 228,300 | $36.2M | Add +4.8% |
| NFLX Netflix Inc. | 2.69% | 480,000 | $34.3M | New |
| ERO Ero Copper Corp. | 2.26% | 1,076,696 | $28.8M | No change |
| PLTR Palantir Technologies Inc. Class A | 2.02% | 220,000 | $25.7M | New |
| WBD Warner Bros Discovery Inc. | 1.83% | 872,311 | $23.3M | Add +101.5% |
| TECK Teck Resources Ltd.-CLS B | 1.65% | 352,859 | $21.0M | No change |
| EMBJ Embraer SA-Spon ADR | 1.30% | 259,155 | $16.5M | Add +97.5% |
| AXIAY Axia Energia-ADR | 1.05% | 1,271,245 | $13.4M | Add +578.7% |
| SUZ Suzano SA - Spon ADR | 1.04% | 1,709,143 | $13.3M | Add +56.1% |
| MA Mastercard Inc. Class A | 1.01% | 24,937 | $12.8M | Add +3889.9% |
| RIO Rio Tinto PLC-Spon ADR | 0.95% | 127,754 | $12.1M | No change |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.92% | 257,612 | $11.7M | No change |
| VALE Vale SA-SP ADR | 0.90% | 766,128 | $11.5M | Add +16.6% |
| MSFT Microsoft Corp. | 0.86% | 29,335 | $10.9M | Reduce -24.3% |
| SPGI S&P Global Inc. | 0.86% | 27,295 | $10.9M | Add +3563.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.85% | 811,923 | $10.8M | Add +16.6% |
| COF Capital One Financial Corp. | 0.79% | 49,880 | $10.0M | New |
| AES AES Corp. | 0.71% | 618,623 | $9.1M | Reduce -56.3% |
| DBRG Digitalbridge Group Inc. | 0.63% | 510,475 | $8.1M | Add +13.4% |
| ECH iShares MSCI Chile ETF | 0.55% | 177,631 | $7.1M | Add +11.6% |
| SE Sea Ltd.-ADR | 0.54% | 72,312 | $6.9M | Add +1597.5% |
| SOXX iShares Semiconductor ETF | 0.46% | 9,200 | $5.9M | New |
| GGB Gerdau SA -Spon ADR | 0.44% | 1,400,017 | $5.7M | Reduce -47.5% |
| RSP Invesco S&P 500 Equal Weight | 0.40% | 24,000 | $5.1M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.34% | 378,600 | $4.3M | No change |
| BHF Brighthouse Financial Inc. | 0.34% | 67,400 | $4.3M | No change |
| UGP Ultrapar Particpac-Spon ADR | 0.31% | 779,409 | $3.9M | Reduce -14.9% |
| XP XP Inc. Class A | 0.29% | 225,664 | $3.7M | No change |
| EVEX Eve Holding Inc. filed as EVE HLDG INC | 0.22% | 1,100,000 | $2.8M | No change |
| MCO Moody's Corp. | 0.21% | 5,900 | $2.7M | New |
| FXI iShares China Large-Cap ETF | 0.19% | 77,718 | $2.5M | No change |
| WBS Webster Financial Corp. | 0.17% | 28,073 | $2.1M | Reduce -45.9% |
| DASH DoorDash Inc. Class A | 0.16% | 10,900 | $2.0M | New |
| V Visa Inc. Class A | 0.13% | 4,952 | $1.7M | Add +362.8% |
| AAPL Apple Inc. | 0.13% | 5,802 | $1.7M | Add +29.6% |
| VIV Telefonica Brasil-ADR | 0.13% | 123,667 | $1.6M | No change |
| MU Micron Technology Inc. | 0.09% | 1,000 | $1.2M | New |
| KVUE Kenvue Inc. | 0.09% | 58,000 | $1.1M | Add +3.6% |
| MELI MercadoLibre Inc. | 0.06% | 455 | $772K | New |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.04% | 96,668 | $559K | Reduce -88.5% |
| TSLX Sixth Street Specialty Lendi | 0.03% | 20,080 | $345K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 3,220 | $310K | No change |
Options reported separately and not counted above: TSLA puts ($126.2M), XBI calls ($36.4M), NFLX puts ($34.3M), IEF calls ($28.4M), PLTR puts ($25.7M), IGV puts ($18.1M), SOXX calls ($16.0M), AMZN puts ($11.9M), TSLA calls ($6.3M).
Portfolio Sells Q1 2026 → Q2 2026
| GTLS Chart Industries Inc. | Sold out | 0.00% | −5.58 |
| EA Electronic Arts Inc. | Reduce -13.0% | 2.99% | −5.20 |
| HOLX Hologic Inc. | Sold out | 0.00% | −4.04 |
| AES AES Corp. | Reduce -56.3% | 0.71% | −3.04 |
| MSFT Microsoft Corp. | Reduce -24.3% | 0.86% | −1.84 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −1.44 |
| GGB Gerdau SA -Spon ADR | Reduce -47.5% | 0.44% | −1.37 |
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −1.16 |
| SBS Cia Saneamento Basico DE-ADR | Reduce -88.5% | 0.04% | −0.92 |
| UGP Ultrapar Particpac-Spon ADR | Reduce -14.9% | 0.31% | −0.64 |
| WBS Webster Financial Corp. | Reduce -45.9% | 0.17% | −0.51 |
| EPU iShares MSCI Peru and Global | Sold out | 0.00% | −0.41 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.41 |
| SLAB Silicon Laboratories Inc. | Sold out | 0.00% | −0.27 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.19 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.17 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | New | 11.80% | +11.80 |
| TSLA Tesla Inc. | New | 9.92% | +9.92 |
| TSM Taiwan Semiconductor-SP ADR | Add +3726.4% | 6.86% | +6.56 |
| KRE SS SPDR S&P Regional Bank | New | 5.92% | +5.92 |
| IVV iShares Core S&P 500 ETF | Add +201.2% | 12.26% | +3.74 |
| NFLX Netflix Inc. | New | 2.69% | +2.69 |
| PLTR Palantir Technologies Inc. Class A | New | 2.02% | +2.02 |
| MA Mastercard Inc. Class A | Add +3889.9% | 1.01% | +0.95 |
| SPGI S&P Global Inc. | Add +3563.8% | 0.86% | +0.80 |
| COF Capital One Financial Corp. | New | 0.79% | +0.79 |
| AXIAY Axia Energia-ADR | Add +578.7% | 1.05% | +0.66 |
| META Meta Platforms Inc. Class A | Add +174.1% | 5.33% | +0.59 |
| SE Sea Ltd.-ADR | Add +1597.5% | 0.54% | +0.48 |
| SOXX iShares Semiconductor ETF | New | 0.46% | +0.46 |
| RSP Invesco S&P 500 Equal Weight | New | 0.40% | +0.40 |
| MCO Moody's Corp. | New | 0.21% | +0.21 |
| DASH DoorDash Inc. Class A | New | 0.16% | +0.16 |
| MU Micron Technology Inc. | New | 0.09% | +0.09 |
| V Visa Inc. Class A | Add +362.8% | 0.13% | +0.07 |
| MELI MercadoLibre Inc. | New | 0.06% | +0.06 |
| TSLX Sixth Street Specialty Lendi | New | 0.03% | +0.03 |
| AAPL Apple Inc. | Add +29.6% | 0.13% | −0.08 |
| KVUE Kenvue Inc. | Add +3.6% | 0.09% | −0.09 |
| EMBJ Embraer SA-Spon ADR | Add +97.5% | 1.30% | −0.17 |
| WBD Warner Bros Discovery Inc. | Add +101.5% | 1.83% | −0.41 |
| ECH iShares MSCI Chile ETF | Add +11.6% | 0.55% | −0.64 |
| DBRG Digitalbridge Group Inc. | Add +13.4% | 0.63% | −0.68 |
| AMZN Amazon.com Inc. | Add +87.3% | 8.59% | −1.02 |
| SUZ Suzano SA - Spon ADR | Add +56.1% | 1.04% | −1.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +16.6% | 0.85% | −1.03 |
| VALE Vale SA-SP ADR | Add +16.6% | 0.90% | −1.06 |
| NVDA Nvidia Corp. | Add +61.8% | 5.83% | −1.71 |
| VST Vistra Corp. | Add +4.8% | 2.84% | −3.33 |
Options Activity Q1 2026 → Q2 2026
| TSLA Tesla Inc. | put | New | 300,000 | $126.2M |
| XBI SS SPDR S&P Biotech ETF | call | New | 230,000 | $36.4M |
| NFLX Netflix Inc. | put | New | 480,000 | $34.3M |
| IEF iShares 7-10 Year Treasury B | call | New | 300,000 | $28.4M |
| PLTR Palantir Technologies Inc. Class A | put | New | 220,000 | $25.7M |
| IGV iShares Expanded Tech-Softwa | put | New | 200,000 | $18.1M |
| SOXX iShares Semiconductor ETF | call | New | 25,000 | $16.0M |
| AMZN Amazon.com Inc. | put | New | 50,000 | $11.9M |
| TSLA Tesla Inc. | call | New | 15,000 | $6.3M |
| IWM iShares Russell 2000 ETF | put | Sold out | 300,000 | $129Kbefore exit |
| IWM iShares Russell 2000 ETF | call | Sold out | 500,000 | $125Kbefore exit |
| PBR Petroleo Brasileiro-Spon ADR | put | Sold out | 100,000 | $96Kbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 196,800 | $77Kbefore exit |
| FXI iShares China Large-Cap ETF | put | Sold out | 600,000 | $72Kbefore exit |
| PBR Petroleo Brasileiro-Spon ADR | call | Sold out | 100,000 | $67Kbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 99,000 | $15Kbefore exit |
| FXI iShares China Large-Cap ETF | call | Sold out | 300,000 | $9Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 16,000 | $4Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $1.3B | IVV, SPY, TSLA, AMZN, TSM |
| Q1 2026 | 48 | $530.9M | AMZN, IVV, EA, NVDA, VST |
| Q4 2025 | 35 | $522.4M | AMZN, KWEB, KRE, META, MSFT |
| Q3 2025 | 58 | $533.5M | KRE, AMZN, KWEB, MSFT, KVUE |
| Q2 2025 | 116 | $458.6M | AMZN, HES, KWEB, VRT, TSM |
| Q1 2025 | 82 | $492.8M | AMZN, HES, VST, TSM, KWEB |
| Q4 2024 | 274 | $149.5M | HES, RIO, DIS, MSFT, ALE |
| Q3 2024 | 155 | $409.4M | FXI, TECK, SUZ, HES, KWEB |
| Q2 2024 | 161 | $333.1M | FXI, TECK, HES, AXONICS INC, RIO |
| Q1 2024 | 256 | $453.9M | PXD, TECK, FXI, HES, AXONICS INC |