Pragma Gestao DE Patrimonio Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Pragma Gestao DE Patrimonio Ltd. reported 19 stock positions worth $234.8 million. Its top holding was iShares MSCI All Country Asi (AAXJ) at 26.4% of the portfolio, followed by Microsoft (MSFT, 14.0%) and Amazon.com (AMZN, 8.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 3, added to 6 and reduced 9. The biggest buy was iShares MSCI All Country Asi (AAXJ, shares +10%) and the biggest sale an exit from Schwab (charles) (SCHW).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001555512
- Portfolio Value
- $234.8M (Q4 2025)
- SEC Filing
- 0001555512-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 19 stocks · $234.8M
| AAXJ iShares MSCI All Country Asi | 26.39% | 665,400 | $62.0M | Add +10.2% |
| MSFT Microsoft Corp. | 13.99% | 67,900 | $32.8M | Add +6.1% |
| AMZN Amazon.com Inc. | 8.39% | 85,300 | $19.7M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 7.06% | 52,800 | $16.6M | Reduce -7.7% |
| TDG Transdigm Group Inc. | 6.11% | 10,790 | $14.3M | Reduce -3.6% |
| DHR Danaher Corp. | 5.91% | 60,600 | $13.9M | Add +22.9% |
| GE General Electric filed as GE AEROSPACE | 5.14% | 39,200 | $12.1M | Reduce -3.7% |
| MCO Moody's Corp. | 4.79% | 22,000 | $11.2M | Reduce -32.9% |
| TSM Taiwan Semiconductor-SP ADR | 3.50% | 27,000 | $8.2M | Add +164.7% |
| MA Mastercard Inc. Class A | 3.11% | 12,800 | $7.3M | Reduce -12.9% |
| V Visa Inc. Class A | 2.99% | 20,000 | $7.0M | Add +37.9% |
| MELI MercadoLibre Inc. | 2.82% | 3,290 | $6.6M | Add +4.4% |
| TEL Te Connectivity PLC | 2.63% | 27,100 | $6.2M | Reduce -6.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.54% | 51,400 | $6.0M | No change |
| WDAY Workday Inc. Class A | 1.95% | 21,300 | $4.6M | New |
| CDNS Cadence Design SYS Inc. | 1.04% | 7,800 | $2.4M | No change |
| PGR Progressive Corp. | 0.77% | 7,900 | $1.8M | Reduce -67.0% |
| ALV Autoliv Inc. | 0.59% | 11,600 | $1.4M | Reduce -66.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.30% | 650 | $695K | New |
Portfolio Sells Q3 2025 → Q4 2025
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −3.42 |
| MCO Moody's Corp. | Reduce -32.9% | 4.79% | −1.94 |
| PGR Progressive Corp. | Reduce -67.0% | 0.77% | −1.77 |
| ALV Autoliv Inc. | Reduce -66.8% | 0.59% | −1.27 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.58 |
| MA Mastercard Inc. Class A | Reduce -12.9% | 3.11% | −0.49 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.34 |
| TDG Transdigm Group Inc. | Reduce -3.6% | 6.11% | −0.24 |
| GE General Electric | Reduce -3.7% | 5.14% | −0.13 |
| TEL Te Connectivity PLC | Reduce -6.2% | 2.63% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -2.6% | 8.39% | +0.11 |
| GOOG Alphabet Inc. Class C | Reduce -7.7% | 7.06% | +1.06 |
Portfolio Buys Q3 2025 → Q4 2025
| AAXJ iShares MSCI All Country Asi | Add +10.2% | 26.39% | +2.68 |
| TSM Taiwan Semiconductor-SP ADR | Add +164.7% | 3.50% | +2.27 |
| WDAY Workday Inc. Class A | New | 1.95% | +1.95 |
| DHR Danaher Corp. | Add +22.9% | 5.91% | +1.70 |
| V Visa Inc. Class A | Add +37.9% | 2.99% | +0.86 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.30% | +0.30 |
| MSFT Microsoft Corp. | Add +6.1% | 13.99% | −0.28 |
| MELI MercadoLibre Inc. | Add +4.4% | 2.82% | −0.35 |
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 |