Pangea Capital Gestao de Recursos Ltda.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed August 17, 2026), Pangea Capital Gestao de Recursos Ltda. reported 8 stock positions worth $123.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 69.6% of the portfolio, followed by Amazon.com (AMZN, 16.7%) and Berkshire Hathaway Class A (BRK.A, 7.3%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 2 and reduced 1. The biggest buy was a new position in MercadoLibre (MELI) and the biggest sale iShares MSCI Brazil ETF (EWZ, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- RIO DE JANEIRO, D5
- CIK
- 0002119167
- Portfolio Value
- $123.5M (Q4 2025)
- SEC Filing
- 0001398344-26-014739 ↗ filed Aug 17, 2026
Holdings Value
Holdings 8 stocks · $123.5M
| BRK.B Berkshire Hathaway Inc. Class B | 69.58% | 171,007 | $86.0M | Add +5.6% |
| AMZN Amazon.com Inc. | 16.67% | 89,221 | $20.6M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 7.33% | 12 | $9.1M | No change |
| MELI MercadoLibre Inc. | 2.93% | 1,800 | $3.6M | New |
| META Meta Platforms Inc. Class A | 1.60% | 3,000 | $2.0M | Add +233.3% |
| EWZ iShares MSCI Brazil ETF | 1.59% | 62,000 | $2.0M | Reduce -54.1% |
| LGIH Lgi Homes Inc. | 0.17% | 5,000 | $215K | No change |
| RICK Rci Hospitality Holdings Inc. | 0.11% | 5,900 | $141K | New |
Options reported separately and not counted above: ISHARES INC calls ($69K).
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $144.7M | BRK.B, AMZN, BRK.A, MELI, META |
| Q1 2026Amended | 8 | $131.3M | BRK.B, AMZN, BRK.A, MELI, META |
| Q4 2025 | 8 | $123.5M | BRK.B, AMZN, BRK.A, MELI, META |
| Q3 2025Amended | 7 | $115.5M | BRK.B, AMZN, BRK.A, EWZ, META |
| Q2 2025 | 8 | $111.6M | BRK.B, AMZN, BRK.A, EWZ, META |
| Q1 2025 | 6 | $119.9M | BRK.B, AMZN, BRK.A, EWZ, LGIH |
| Q4 2024 | 4 | $130.1M | BRK.B, AMZN, BRK.A, EWZ |
| Q3 2024 | 4 | $129.1M | BRK.B, AMZN, BRK.A, EWZ |
| Q2 2024 | 4 | $116.4M | BRK.B, AMZN, BRK.A, EWZ |
| Q1 2024 | 3 | $117.9M | BRK.B, AMZN, BRK.A |