Squadra Investments - Gestao DE Recursos Ltda.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Squadra Investments - Gestao DE Recursos Ltda. reported 3 stock positions worth $407.1 million. Its top holding was XP Class A (XP) at 53.2% of the portfolio, followed by Stoneco Class A (STNE, 25.1%) and MercadoLibre (MELI, 21.8%). Compared with Q1 2024, it opened 1 new position, added to 1 and reduced 1. The biggest buy was a new position in Stoneco Class A (STNE) and the biggest sale MercadoLibre (MELI, shares −67%).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001577806
Portfolio Value
$407.1M (Q2 2024)
SEC Filing
0000899140-24-000894 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $520.0M Q1 2024 Q2 2024: $407.1M $407.1M Q2 2024 Q3 2024: $377.6M Q3 2024 Q4 2024: $211.8M Q4 2024 Q1 2025: $272.3M Q1 2025 Q2 2025: $397.3M Q2 2025 Q3 2025: $425.7M Q3 2025 Q4 2025: $483.6M Q4 2025 Q1 2026: $894.1M Q1 2026 Q2 2026: $714.8M Q2 2026

Holdings 3 stocks · $407.1M
XP XP Inc. Class A 53.16% 12,303,365 $216.4M Add +17.2%
STNE Stoneco Ltd. Class A 25.08% 8,515,651 $102.1M New
MELI MercadoLibre Inc. 21.76% 53,904 $88.6M Reduce -67.5%

Options reported separately and not counted above: STNE puts ($36.9M), STNE calls ($36.9M).

Portfolio Sells Q1 2024 → Q2 2024
MELI MercadoLibre Inc. Reduce -67.5% 21.76% −26.44

Portfolio Buys Q1 2024 → Q2 2024
STNE Stoneco Ltd. Class A New 25.08% +25.08
XP XP Inc. Class A Add +17.2% 53.16% +1.36

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 250,000 $130.8Mbefore exit
STNE Stoneco Ltd. Class A put New 3,075,100 $36.9M
STNE Stoneco Ltd. Class A call New 3,075,100 $36.9M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$714.8MNU, MELI, INTR, STNE
Q1 2026 6$894.1MMELI, NU, STNE, XP, INTR
Q4 2025 5$483.6MMELI, NU, XP, INTR, STNE
Q3 2025 4$425.7MNU, XP, STNE, INTR
Q2 2025 4$397.3MXP, NU, STNE, INTR
Q1 2025 3$272.3MSTNE, XP, MELI
Q4 2024 3$211.8MSTNE, XP, MELI
Q3 2024 3$377.6MXP, STNE, MELI
Q2 2024 3$407.1MXP, STNE, MELI
Q1 2024 2$520.0MXP, MELI