Naman Capital Ltda

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Naman Capital Ltda reported 11 stock positions worth $261.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 41.3% of the portfolio, followed by Ultrapar Particpac-Spon ADR (UGP, 21.0%) and Invesco S&P 500 Equal Weight (RSP, 8.8%). Compared with Q2 2024, it opened 1 new position and reduced 2. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale Oracle (ORCL, shares −25%).

Most Recent 13F
Q2 2026
Location
Sao Paulo, D5
CIK
0001946136
Portfolio Value
$261.1M (Q3 2024)
SEC Filing
0000919574-24-006684 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $256.4M Q1 2024 Q2 2024: $235.8M Q2 2024 Q3 2024: $261.1M $261.1M Q3 2024 Q4 2024: $167.4M Q4 2024 Q1 2025: $254.7M Q1 2025 Q2 2025: $307.7M Q2 2025 Q3 2025: $356.3M Q3 2025 Q4 2025: $355.5M Q4 2025 Q1 2026: $359.8M Q1 2026 Q2 2026: $323.1M Q2 2026

Holdings 11 stocks · $261.1M
SPY SS SPDR S&P 500 ETF Trust-US 41.32% 194,400 $107.9M No change
UGP Ultrapar Particpac-Spon ADR 21.03% 14,079,999 $54.9M No change
RSP Invesco S&P 500 Equal Weight 8.77% 127,850 $22.9M New
MSFT Microsoft Corp. 6.26% 36,600 $16.4M No change
BRK.B Berkshire Hathaway Inc. Class B 5.50% 31,200 $14.4M No change
GOOGL Alphabet Inc. Class A 5.02% 76,800 $13.1M No change
ORCL Oracle Corp. 3.92% 60,000 $10.2M Reduce -25.0%
GOOG Alphabet Inc. Class C 2.81% 40,000 $7.3M No change
BRK.A Berkshire Hathaway Inc. Class A 2.65% 10 $6.9M No change
MLKMF Waldencast PLC-A 1.37% 931,235 $3.6M Reduce -6.8%
SUZ Suzano SA - Spon ADR 1.35% 344,547 $3.5M No change

Portfolio Sells Q2 2024 → Q3 2024
ORCL Oracle Corp. Reduce -25.0% 3.92% −0.88
MLKMF Waldencast PLC-A Reduce -6.8% 1.37% −0.15

Portfolio Buys Q2 2024 → Q3 2024
RSP Invesco S&P 500 Equal Weight New 8.77% +8.77

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$323.1MSPY, UGP, EZU, EWY, GOOGL
Q1 2026 13$359.8MSPY, RSP, UGP, EZU, BRK.B
Q4 2025Amended 12$355.5MSPY, RSP, UGP, EZU, BRK.B
Q3 2025 12$356.3MSPY, RSP, UGP, EZU, BRK.B
Q2 2025 13$307.7MRSP, SPY, UGP, EZU, BRK.B
Q1 2025 12$254.7MRSP, UGP, SPY, EZU, BRK.B
Q4 2024 12$167.4MRSP, UGP, SPY, BRK.B, MSFT
Q3 2024 11$261.1MSPY, UGP, RSP, MSFT, BRK.B
Q2 2024 10$235.8MSPY, UGP, MSFT, GOOGL, BRK.B
Q1 2024 9$256.4MSPY, UGP, MSFT, BRK.B, ORCL