Pragma Gestao DE Patrimonio Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Pragma Gestao DE Patrimonio Ltd. reported 20 stock positions worth $228.8 million. Its top holding was iShares MSCI All Country Asi (AAXJ) at 28.8% of the portfolio, followed by Microsoft (MSFT, 10.6%) and Transdigm (TDG, 6.2%). Compared with Q1 2025, it opened 3 new positions, sold out of 3, added to 7 and reduced 9. The biggest buy was iShares MSCI All Country Asi (AAXJ, shares +233%) and the biggest sale an exit from Becton Dickinson and (BDX).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001555512
- Portfolio Value
- $228.8M (Q2 2025)
- SEC Filing
- 0001555512-25-000003 ↗ filed Aug 13, 2025
Holdings Value
Holdings 20 stocks · $228.8M
| AAXJ iShares MSCI All Country Asi | 28.85% | 799,000 | $66.0M | Add +232.9% |
| MSFT Microsoft Corp. | 10.59% | 48,700 | $24.2M | Reduce -21.2% |
| TDG Transdigm Group Inc. | 6.24% | 9,390 | $14.3M | Reduce -18.4% |
| MCO Moody's Corp. | 6.03% | 27,500 | $13.8M | Add +1.1% |
| AMZN Amazon.com Inc. | 5.23% | 54,500 | $12.0M | Reduce -38.4% |
| GOOG Alphabet Inc. Class C | 5.08% | 65,500 | $11.6M | Add +10.6% |
| GE General Electric filed as GE AEROSPACE | 4.79% | 42,600 | $11.0M | Reduce -15.6% |
| MELI MercadoLibre Inc. | 4.29% | 3,760 | $9.8M | Add +25.3% |
| SCHW Schwab (charles) Corp. | 3.78% | 94,800 | $8.6M | Reduce -15.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 3.03% | 76,000 | $6.9M | Reduce -11.8% |
| PGR Progressive Corp. | 3.01% | 25,800 | $6.9M | Add +9.8% |
| MA Mastercard Inc. Class A | 2.92% | 11,900 | $6.7M | Add +24.0% |
| TEL Te Connectivity PLC | 2.90% | 39,400 | $6.6M | Reduce -21.2% |
| TSM Taiwan Semiconductor-SP ADR | 2.57% | 26,000 | $5.9M | New |
| CDNS Cadence Design SYS Inc. | 2.53% | 18,800 | $5.8M | Add +37.2% |
| DHR Danaher Corp. | 2.27% | 26,300 | $5.2M | New |
| V Visa Inc. Class A | 2.25% | 14,500 | $5.1M | No change |
| APH Amphenol Corp. Class A | 1.65% | 38,200 | $3.8M | New |
| CP Canadian Pacific Kansas City | 1.15% | 33,100 | $2.6M | Reduce -58.6% |
| AON Aon PLC Class A | 0.84% | 5,400 | $1.9M | Reduce -71.4% |
Portfolio Sells Q1 2025 → Q2 2025
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −5.14 |
| AMZN Amazon.com Inc. | Reduce -38.4% | 5.23% | −3.79 |
| AON Aon PLC Class A | Reduce -71.4% | 0.84% | −3.20 |
| FISV Fiserv Inc. | Sold out | 0.00% | −2.96 |
| TDG Transdigm Group Inc. | Reduce -18.4% | 6.24% | −2.28 |
| CP Canadian Pacific Kansas City | Reduce -58.6% | 1.15% | −1.86 |
| MSFT Microsoft Corp. | Reduce -21.2% | 10.59% | −1.84 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −1.79 |
| SCHW Schwab (charles) Corp. | Reduce -15.1% | 3.78% | −0.90 |
| TEL Te Connectivity PLC | Reduce -21.2% | 2.90% | −0.88 |
| BNY Bank of New York Mellon Corp. | Reduce -11.8% | 3.03% | −0.85 |
| GE General Electric | Reduce -15.6% | 4.79% | −0.62 |
Portfolio Buys Q1 2025 → Q2 2025
| AAXJ iShares MSCI All Country Asi | Add +232.9% | 28.85% | +19.34 |
| TSM Taiwan Semiconductor-SP ADR | New | 2.57% | +2.57 |
| DHR Danaher Corp. | New | 2.27% | +2.27 |
| APH Amphenol Corp. Class A | New | 1.65% | +1.65 |
| MELI MercadoLibre Inc. | Add +25.3% | 4.29% | +1.16 |
| CDNS Cadence Design SYS Inc. | Add +37.2% | 2.53% | +0.67 |
| GOOG Alphabet Inc. Class C | Add +10.6% | 5.08% | +0.12 |
| MA Mastercard Inc. Class A | Add +24.0% | 2.92% | +0.10 |
| PGR Progressive Corp. | Add +9.8% | 3.01% | −0.55 |
| MCO Moody's Corp. | Add +1.1% | 6.03% | −0.76 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $126.6M | AMZN, MSFT, GOOG, TDG, TSM |
| Q1 2026 | 18 | $189.3M | AAXJ, AMZN, MSFT, TDG, DHR |
| Q4 2025 | 19 | $234.8M | AAXJ, MSFT, AMZN, GOOG, TDG |
| Q3 2025 | 20 | $232.3M | AAXJ, MSFT, AMZN, MCO, TDG |
| Q2 2025 | 20 | $228.8M | AAXJ, MSFT, TDG, MCO, AMZN |
| Q1 2025 | 20 | $186.7M | MSFT, AAXJ, AMZN, TDG, MCO |
| Q4 2024 | 16 | $181.3M | AMZN, GOOG, MSFT, GE, TDG |
| Q3 2024 | 19 | $193.4M | TDG, AMZN, CDW, MSFT, HOG |
| Q2 2024 | 21 | $188.3M | V, CDW, HOG, TDG, GOOG |
| Q1 2024 | 20 | $191.0M | V, HOG, CDW, CSGP, RYAAY |