Naman Capital Ltda
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Naman Capital Ltda reported 12 stock positions worth $167.4 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 24.4% of the portfolio, followed by Ultrapar Particpac-Spon ADR (UGP, 22.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 17.1%). Compared with Q3 2024, it opened 1 new position, added to 1 and reduced 4. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +82%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- Sao Paulo, D5
- CIK
- 0001946136
- Portfolio Value
- $167.4M (Q4 2024)
- SEC Filing
- 0000919574-25-001205 ↗ filed Feb 14, 2025
Holdings Value
Holdings 12 stocks · $167.4M
| RSP Invesco S&P 500 Equal Weight | 24.43% | 233,316 | $40.9M | Add +82.5% |
| UGP Ultrapar Particpac-Spon ADR | 22.12% | 14,079,999 | $37.0M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 17.10% | 48,837 | $28.6M | Reduce -74.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 8.45% | 31,200 | $14.1M | No change |
| MSFT Microsoft Corp. | 6.25% | 24,800 | $10.5M | Reduce -32.2% |
| ORCL Oracle Corp. | 5.97% | 60,000 | $10.0M | No change |
| GOOG Alphabet Inc. Class C | 4.55% | 40,000 | $7.6M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 4.07% | 10 | $6.8M | No change |
| MLKMF Waldencast PLC-A | 2.19% | 912,423 | $3.7M | Reduce -2.0% |
| SUZ Suzano SA - Spon ADR | 2.08% | 344,547 | $3.5M | No change |
| GOOGL Alphabet Inc. Class A | 1.90% | 16,800 | $3.2M | Reduce -78.1% |
| CSANY Cosan SA -ADR | 0.88% | 271,941 | $1.5M | New |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $323.1M | SPY, UGP, EZU, EWY, GOOGL |
| Q1 2026 | 13 | $359.8M | SPY, RSP, UGP, EZU, BRK.B |
| Q4 2025Amended | 12 | $355.5M | SPY, RSP, UGP, EZU, BRK.B |
| Q3 2025 | 12 | $356.3M | SPY, RSP, UGP, EZU, BRK.B |
| Q2 2025 | 13 | $307.7M | RSP, SPY, UGP, EZU, BRK.B |
| Q1 2025 | 12 | $254.7M | RSP, UGP, SPY, EZU, BRK.B |
| Q4 2024 | 12 | $167.4M | RSP, UGP, SPY, BRK.B, MSFT |
| Q3 2024 | 11 | $261.1M | SPY, UGP, RSP, MSFT, BRK.B |
| Q2 2024 | 10 | $235.8M | SPY, UGP, MSFT, GOOGL, BRK.B |
| Q1 2024 | 9 | $256.4M | SPY, UGP, MSFT, BRK.B, ORCL |