Naman Capital Ltda
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Naman Capital Ltda reported 13 stock positions worth $359.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 33.0% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 22.8%) and Ultrapar Particpac-Spon ADR (UGP, 17.7%). Compared with Q4 2025, it opened 1 new position, added to 1 and reduced 3. The biggest buy was a new position in iShares MSCI South Korea ETF (EWY) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Sao Paulo, D5
- CIK
- 0001946136
- Portfolio Value
- $359.8M (Q1 2026)
- SEC Filing
- 0000919574-26-003178 ↗ filed May 15, 2026
Holdings Value
Holdings 13 stocks · $359.8M
| SPY SS SPDR S&P 500 ETF Trust-US | 32.98% | 182,445 | $118.7M | Reduce -5.4% |
| RSP Invesco S&P 500 Equal Weight | 22.83% | 427,975 | $82.1M | No change |
| UGP Ultrapar Particpac-Spon ADR | 17.70% | 12,727,222 | $63.7M | Reduce -7.0% |
| EZU iShares MSCI Eurozone ETF | 7.86% | 451,750 | $28.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 3.09% | 23,177 | $11.1M | Reduce -25.7% |
| GOOGL Alphabet Inc. Class A | 2.73% | 34,200 | $9.8M | No change |
| V Visa Inc. Class A | 2.54% | 30,212 | $9.1M | Add +196.2% |
| GOOG Alphabet Inc. Class C | 2.45% | 30,760 | $8.8M | No change |
| EWY iShares MSCI South Korea ETF | 2.43% | 71,018 | $8.7M | New |
| MSFT Microsoft Corp. | 2.13% | 20,675 | $7.7M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 2.00% | 10 | $7.2M | No change |
| SUZ Suzano SA - Spon ADR | 0.96% | 344,547 | $3.4M | No change |
| CSANY Cosan SA -ADR | 0.31% | 271,941 | $1.1M | No change |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
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 |