Milestones Administradora de Recursos Ltda. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Milestones Administradora de Recursos Ltda. reported 20 stock positions worth $517.6 million . Its top holding was Amazon.com (AMZN) at 12.9% of the portfolio, followed by Microsoft (MSFT, 12.8% ) and General Electric (GE, 12.2% ). Compared with Q1 2026, it opened 5 new positions, sold out of 1, added to 11 and reduced 3. The biggest buy was Amazon.com (AMZN, shares +68% ) and the biggest sale Microsoft (MSFT, shares −1% ).
Location JARAGUA DO SUL, D5
CIK 0001912095
Portfolio Value $517.6M (Q2 2026) Holdings 20 stocks · $517.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 AMZN Amazon.com Inc. 281,149 $67.0M Add +67.9% MSFT Microsoft Corp. 177,513 $66.2M Reduce -1.1% GE General Electric filed as GE AEROSPACE 168,857 $63.1M Add +2.8% TSM Taiwan Semiconductor-SP ADR 116,534 $55.7M Add +0.3% LIN Linde PLC 86,282 $44.8M Reduce -14.3% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3,154,114 $42.1M Add +12.5% GOOGL Alphabet Inc. Class A 117,684 $42.1M Add +0.0% V Visa Inc. Class A 112,769 $38.7M Add +66.8% DHR Danaher Corp. 137,789 $26.2M Add +95.9% AMD Advanced Micro Devices 34,059 $19.8M Reduce -33.5% MCO Moody's Corp. 30,824 $14.0M Add +93.2% MELI MercadoLibre Inc. 8,056 $13.7M Add +12.7% SPGI S&P Global Inc. 15,835 $6.4M Add +149.2% MLKMF Waldencast PLC-A 2,425,677 $4.3M No change TPG TPG Inc. 75,600 $3.1M New BRK.B Berkshire Hathaway Inc. Class B 4,833 $2.4M Add +132.4% NVDA Nvidia Corp. 10,599 $2.1M New XOM Exxon Mobil Corp. 15,380 $2.1M New COP Conocophillips 18,760 $2.0M New CVX Chevron Corp. 11,731 $1.9M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $21K (not counted above) Security Class Shares / Principal Value Change MLKWF Waldencast Acq Class A -CW27 *W EXP 07/27/202 440,415 $21K No change
Total filed on the 13F, all lines: $517.7M.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ MSFT Microsoft Corp. Reduce -1.1% 12.79% −4.54 LIN Linde PLC Reduce -14.3% 8.65% −4.37 NOW ServiceNow Inc. Sold out 0.00% −0.63 AMD Advanced Micro Devices Reduce -33.5% 3.82% +1.10
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. Add +67.9% 12.95% +3.84 V Visa Inc. Class A Add +66.8% 7.47% +2.14 DHR Danaher Corp. Add +95.9% 5.07% +1.59 MCO Moody's Corp. Add +93.2% 2.70% +0.88 TPG TPG Inc. New 0.59% +0.59 SPGI S&P Global Inc. Add +149.2% 1.25% +0.54 TSM Taiwan Semiconductor-SP ADR Add +0.3% 10.75% +0.50 NVDA Nvidia Corp. New 0.41% +0.41 XOM Exxon Mobil Corp. New 0.41% +0.41 COP Conocophillips New 0.38% +0.38 CVX Chevron Corp. New 0.38% +0.38 BRK.B Berkshire Hathaway Inc. Class B Add +132.4% 0.47% +0.21 GE General Electric Add +2.8% 12.19% +0.02 MELI MercadoLibre Inc. Add +12.7% 2.64% −0.59 GOOGL Alphabet Inc. Class A Add +0.0% 8.12% −0.71 NU Nu Holdings Ltd./Cayman Isl-A Add +12.5% 8.14% −2.37
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 20 $517.6M AMZN, MSFT, GE, TSM, LIN Q1 2026 16 $383.1M MSFT, LIN, GE, NU, TSM Q4 2025 17 $302.8M AMZN, MSFT, TSM, GE, NU Q3 2025 17 $285.6M AMZN, MSFT, GE, TSM, NU Q2 2025 18 $292.3M AMZN, MSFT, GE, TSM, GOOGL Q1 2025 21 $195.8M AMZN, MSFT, GOOGL, NU, GE Q4 2024 21 $196.6M AMZN, MSFT, GOOGL, NU, GE Q3 2024 28 $250.9M AMZN, MSFT, NU, GOOGL, GE Q2 2024 27 $237.8M AMZN, MSFT, GOOGL, NU, TMO Q1 2024 17 $186.0M AMZN, GOOGL, MSFT, NU, MLKMF