Milestones Administradora de Recursos Ltda.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Milestones Administradora de Recursos Ltda. reported 27 stock positions worth $237.8 million. Its top holding was Amazon.com (AMZN) at 28.1% of the portfolio, followed by Microsoft (MSFT, 18.4%) and Alphabet Class A (GOOGL, 14.8%). Compared with Q1 2024, it opened 12 new positions, sold out of 2, added to 7 and reduced 3. The biggest buy was Amazon.com (AMZN, shares +43%) and the biggest sale Alphabet Class A (GOOGL, shares −30%).

Most Recent 13F
Q2 2026
Location
JARAGUA DO SUL, D5
CIK
0001912095
Portfolio Value
$237.8M (Q2 2024)
SEC Filing
0000919574-24-004553 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $186.0M Q1 2024 Q2 2024: $237.8M $237.8M Q2 2024 Q3 2024: $250.9M Q3 2024 Q4 2024: $196.6M Q4 2024 Q1 2025: $195.8M Q1 2025 Q2 2025: $292.3M Q2 2025 Q3 2025: $285.6M Q3 2025 Q4 2025: $302.8M Q4 2025 Q1 2026: $383.1M Q1 2026 Q2 2026: $517.6M Q2 2026

Holdings 27 stocks · $237.8M
AMZN Amazon.com Inc. 28.07% 345,455 $66.8M Add +42.7%
MSFT Microsoft Corp. 18.38% 97,792 $43.7M No change
GOOGL Alphabet Inc. Class A 14.85% 193,835 $35.3M Reduce -30.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 12.35% 2,278,500 $29.4M Add +78.2%
TMO Thermo Fisher Scientific Inc. 3.47% 14,925 $8.3M Reduce -17.4%
MELI MercadoLibre Inc. 3.15% 4,557 $7.5M Reduce -18.4%
MLKMF Waldencast PLC-A 3.02% 2,000,000 $7.2M No change
TSM Taiwan Semiconductor-SP ADR 2.35% 32,110 $5.6M New
V Visa Inc. Class A 2.05% 18,560 $4.9M No change
OXY Occidental Petroleum Corp. 1.85% 69,760 $4.4M Add +405.5%
CVX Chevron Corp. 1.83% 27,850 $4.4M New
STNE Stoneco Ltd. Class A 1.34% 266,500 $3.2M New
LIN Linde PLC 1.18% 6,400 $2.8M Add +228.4%
NVDA Nvidia Corp. 0.92% 17,684 $2.2M Add +211.9%
SGML Sigma Lithium Corp. 0.90% 178,793 $2.2M New
ETN Eaton Corp. PLC 0.74% 5,626 $1.8M Add +100.0%
AAPL Apple Inc. 0.51% 5,780 $1.2M Add +100.0%
MCO Moody's Corp. 0.44% 2,500 $1.1M New
SPGI S&P Global Inc. 0.44% 2,330 $1.0M New
ICE Intercontinental Exchange Inc. 0.43% 7,450 $1.0M New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.36% 8,000 $851K New
BRK.B Berkshire Hathaway Inc. Class B 0.36% 2,080 $846K No change
DHR Danaher Corp. 0.32% 3,000 $750K New
KO The Coca-Cola Co. 0.27% 10,000 $637K New
NKE Nike Inc. Class B 0.22% 7,000 $528K New
DELL Dell Technologies -C 0.12% 2,000 $276K New
BILI Bilibili Inc.-Sponsored ADR 0.09% 14,100 $218K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $90K (not counted above)
SecurityClassShares / PrincipalValueChange
MLKWF Waldencast Acq Class A -CW27 *W EXP 07/27/202 333,333$90KNo change

Total filed on the 13F, all lines: $237.9M.

Portfolio Sells Q1 2024 → Q2 2024
GOOGL Alphabet Inc. Class A Reduce -30.5% 14.85% −7.77
TMO Thermo Fisher Scientific Inc. Reduce -17.4% 3.47% −2.18
MELI MercadoLibre Inc. Reduce -18.4% 3.15% −1.39
AMD Advanced Micro Devices Sold out 0.00% −0.78
GE General Electric Co.-Wi Sold out 0.00% −0.28

Portfolio Buys Q1 2024 → Q2 2024
AMZN Amazon.com Inc. Add +42.7% 28.07% +4.58
NU Nu Holdings Ltd./Cayman Isl-A Add +78.2% 12.35% +4.15
TSM Taiwan Semiconductor-SP ADR New 2.35% +2.35
CVX Chevron Corp. New 1.83% +1.83
OXY Occidental Petroleum Corp. Add +405.5% 1.85% +1.37
STNE Stoneco Ltd. Class A New 1.34% +1.34
SGML Sigma Lithium Corp. New 0.90% +0.90
LIN Linde PLC Add +228.4% 1.18% +0.69
NVDA Nvidia Corp. Add +211.9% 0.92% +0.64
MCO Moody's Corp. New 0.44% +0.44
SPGI S&P Global Inc. New 0.44% +0.44
ICE Intercontinental Exchange Inc. New 0.43% +0.43
EL Estee Lauder Companies Class A New 0.36% +0.36
DHR Danaher Corp. New 0.32% +0.32
ETN Eaton Corp. PLC Add +100.0% 0.74% +0.27
KO The Coca-Cola Co. New 0.27% +0.27
AAPL Apple Inc. Add +100.0% 0.51% +0.25
NKE Nike Inc. Class B New 0.22% +0.22
DELL Dell Technologies -C New 0.12% +0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 20$517.6MAMZN, MSFT, GE, TSM, LIN
Q1 2026 16$383.1MMSFT, LIN, GE, NU, TSM
Q4 2025 17$302.8MAMZN, MSFT, TSM, GE, NU
Q3 2025 17$285.6MAMZN, MSFT, GE, TSM, NU
Q2 2025 18$292.3MAMZN, MSFT, GE, TSM, GOOGL
Q1 2025 21$195.8MAMZN, MSFT, GOOGL, NU, GE
Q4 2024 21$196.6MAMZN, MSFT, GOOGL, NU, GE
Q3 2024 28$250.9MAMZN, MSFT, NU, GOOGL, GE
Q2 2024 27$237.8MAMZN, MSFT, GOOGL, NU, TMO
Q1 2024 17$186.0MAMZN, GOOGL, MSFT, NU, MLKMF