Squadra Investments - Gestao DE Recursos Ltda.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Squadra Investments - Gestao DE Recursos Ltda. reported 3 stock positions worth $211.8 million. Its top holding was Stoneco Class A (STNE) at 52.5% of the portfolio, followed by XP Class A (XP, 42.6%) and MercadoLibre (MELI, 4.9%). Compared with Q3 2024, it added to 1 and reduced 2. The biggest buy was Stoneco Class A (STNE, shares +47%) and the biggest sale XP Class A (XP, shares −37%).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001577806
Portfolio Value
$211.8M (Q4 2024)
SEC Filing
0000899140-25-000324 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $520.0M Q1 2024 Q2 2024: $407.1M Q2 2024 Q3 2024: $377.6M Q3 2024 Q4 2024: $211.8M $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 · $211.8M
STNE Stoneco Ltd. Class A 52.49% 13,951,183 $111.2M Add +46.8%
XP XP Inc. Class A 42.61% 7,617,896 $90.3M Reduce -37.0%
MELI MercadoLibre Inc. 4.90% 6,101 $10.4M Reduce -76.7%

Portfolio Sells Q3 2024 → Q4 2024
XP XP Inc. Class A Reduce -37.0% 42.61% −14.79
MELI MercadoLibre Inc. Reduce -76.7% 4.90% −9.35

Portfolio Buys Q3 2024 → Q4 2024
STNE Stoneco Ltd. Class A Add +46.8% 52.49% +24.15

Options Activity Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 141,200 $81.0Mbefore exit
NU Nu Holdings Ltd./Cayman Isl-A put Sold out 2,150,000 $29.3Mbefore exit
STNE Stoneco Ltd. Class A call Sold out 1,014,600 $11.4Mbefore exit
STNE Stoneco Ltd. Class A put Sold out 1,014,600 $11.4Mbefore exit

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