Pragma Gestao DE Patrimonio Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Pragma Gestao DE Patrimonio Ltd. reported 20 stock positions worth $232.3 million. Its top holding was iShares MSCI All Country Asi (AAXJ) at 23.7% of the portfolio, followed by Microsoft (MSFT, 14.3%) and Amazon.com (AMZN, 8.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 6 and reduced 11. The biggest buy was Microsoft (MSFT, shares +31%) and the biggest sale iShares MSCI All Country Asi (AAXJ, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001555512
- Portfolio Value
- $232.3M (Q3 2025)
- SEC Filing
- 0001555512-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 20 stocks · $232.3M
| AAXJ iShares MSCI All Country Asi | 23.72% | 604,000 | $55.1M | Reduce -24.4% |
| MSFT Microsoft Corp. | 14.27% | 64,000 | $33.1M | Add +31.4% |
| AMZN Amazon.com Inc. | 8.28% | 87,600 | $19.2M | Add +60.7% |
| MCO Moody's Corp. | 6.73% | 32,800 | $15.6M | Add +19.3% |
| TDG Transdigm Group Inc. | 6.35% | 11,190 | $14.7M | Add +19.2% |
| GOOG Alphabet Inc. Class C | 6.00% | 57,200 | $13.9M | Reduce -12.7% |
| GE General Electric filed as GE AEROSPACE | 5.27% | 40,700 | $12.2M | Reduce -4.5% |
| DHR Danaher Corp. | 4.21% | 49,300 | $9.8M | Add +87.5% |
| MA Mastercard Inc. Class A | 3.60% | 14,700 | $8.4M | Add +23.5% |
| SCHW Schwab (charles) Corp. | 3.42% | 83,300 | $8.0M | Reduce -12.1% |
| MELI MercadoLibre Inc. | 3.17% | 3,150 | $7.4M | Reduce -16.2% |
| TEL Te Connectivity PLC | 2.73% | 28,900 | $6.3M | Reduce -26.6% |
| PGR Progressive Corp. | 2.54% | 23,900 | $5.9M | Reduce -7.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.41% | 51,400 | $5.6M | Reduce -32.4% |
| V Visa Inc. Class A | 2.13% | 14,500 | $5.0M | No change |
| ALV Autoliv Inc. | 1.86% | 34,900 | $4.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.23% | 10,200 | $2.8M | Reduce -60.8% |
| CDNS Cadence Design SYS Inc. | 1.18% | 7,800 | $2.7M | Reduce -58.5% |
| URI United Rentals Inc. | 0.58% | 1,400 | $1.3M | New |
| APH Amphenol Corp. Class A | 0.34% | 6,400 | $792K | Reduce -83.3% |
Portfolio Sells Q2 2025 → Q3 2025
| AAXJ iShares MSCI All Country Asi | Reduce -24.4% | 23.72% | −5.13 |
| CDNS Cadence Design SYS Inc. | Reduce -58.5% | 1.18% | −1.35 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -60.8% | 1.23% | −1.35 |
| APH Amphenol Corp. Class A | Reduce -83.3% | 0.34% | −1.31 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −1.15 |
| MELI MercadoLibre Inc. | Reduce -16.2% | 3.17% | −1.13 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.84 |
| BNY Bank of New York Mellon Corp. | Reduce -32.4% | 2.41% | −0.62 |
| PGR Progressive Corp. | Reduce -7.4% | 2.54% | −0.47 |
| SCHW Schwab (charles) Corp. | Reduce -12.1% | 3.42% | −0.36 |
| TEL Te Connectivity PLC | Reduce -26.6% | 2.73% | −0.17 |
| GE General Electric | Reduce -4.5% | 5.27% | +0.48 |
| GOOG Alphabet Inc. Class C | Reduce -12.7% | 6.00% | +0.92 |
Portfolio Buys Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Add +31.4% | 14.27% | +3.68 |
| AMZN Amazon.com Inc. | Add +60.7% | 8.28% | +3.05 |
| DHR Danaher Corp. | Add +87.5% | 4.21% | +1.94 |
| ALV Autoliv Inc. | New | 1.86% | +1.86 |
| MCO Moody's Corp. | Add +19.3% | 6.73% | +0.70 |
| MA Mastercard Inc. Class A | Add +23.5% | 3.60% | +0.68 |
| URI United Rentals Inc. | New | 0.58% | +0.58 |
| TDG Transdigm Group Inc. | Add +19.2% | 6.35% | +0.11 |
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 |