Nucleo Capital Ltda.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Nucleo Capital Ltda. reported 3 stock positions worth $45.5 million. Its top holding was Stoneco Class A (STNE) at 37.4% of the portfolio, followed by MercadoLibre (MELI, 36.9%) and Sigma Lithium (SGML, 25.8%). Compared with Q4 2024, it reduced 3. The biggest sale was MercadoLibre (MELI, shares −43%).

Most Recent 13F
Q3 2025
Location
Sao Paulo, Sp, D5
CIK
0001737348
Portfolio Value
$45.5M (Q1 2025)
SEC Filing
0000919574-25-003223 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $159.8M Q1 2024 Q2 2024: $120.0M Q2 2024 Q3 2024: $99.5M Q3 2024 Q4 2024: $61.6M Q4 2024 Q1 2025: $45.5M $45.5M Q1 2025 Q2 2025: $49.3M Q2 2025 Q3 2025: $29.1M Q3 2025

Holdings 3 stocks · $45.5M
STNE Stoneco Ltd. Class A 37.36% 1,623,344 $17.0M Reduce -33.9%
MELI MercadoLibre Inc. 36.89% 8,610 $16.8M Reduce -42.9%
SGML Sigma Lithium Corp. 25.75% 1,127,708 $11.7M Reduce -22.6%

Portfolio Sells Q4 2024 → Q1 2025
MELI MercadoLibre Inc. Reduce -42.9% 36.89% −4.77
SGML Sigma Lithium Corp. Reduce -22.6% 25.75% −0.78
STNE Stoneco Ltd. Class A Reduce -33.9% 37.36% +5.55

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 1$29.1MSTNE
Q2 2025 2$49.3MSTNE, MELI
Q1 2025 3$45.5MSTNE, MELI, SGML
Q4 2024 3$61.6MMELI, STNE, SGML
Q3 2024 3$99.5MMELI, SGML, STNE
Q2 2024 3$120.0MSTNE, SGML, MELI
Q1 2024 3$159.8MSTNE, SGML, MELI