Squadra Investments - Gestao DE Recursos Ltda.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Squadra Investments - Gestao DE Recursos Ltda. reported 4 stock positions worth $397.3 million. Its top holding was XP Class A (XP) at 39.2% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 31.7%) and Stoneco Class A (STNE, 28.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 1 and reduced 2. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale Stoneco Class A (STNE, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- RIO DE JANEIRO, D5
- CIK
- 0001577806
- Portfolio Value
- $397.3M (Q2 2025)
- SEC Filing
- 0000899140-25-000988 ↗ filed Aug 14, 2025
Holdings Value
Holdings 4 stocks · $397.3M
| XP XP Inc. Class A | 39.17% | 7,704,433 | $155.6M | Reduce -16.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 31.66% | 9,169,000 | $125.8M | New |
| STNE Stoneco Ltd. Class A | 28.40% | 7,035,308 | $112.8M | Reduce -48.0% |
| INTR Inter & Co. Inc. Class A | 0.76% | 406,005 | $3.0M | New |
Options reported separately and not counted above: STNE puts ($14.9M), XP puts ($14.4M).
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
Options Activity Q1 2025 → Q2 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4 | $714.8M | NU, MELI, INTR, STNE |
| Q1 2026 | 6 | $894.1M | MELI, NU, STNE, XP, INTR |
| Q4 2025 | 5 | $483.6M | MELI, NU, XP, INTR, STNE |
| Q3 2025 | 4 | $425.7M | NU, XP, STNE, INTR |
| Q2 2025 | 4 | $397.3M | XP, NU, STNE, INTR |
| Q1 2025 | 3 | $272.3M | STNE, XP, MELI |
| Q4 2024 | 3 | $211.8M | STNE, XP, MELI |
| Q3 2024 | 3 | $377.6M | XP, STNE, MELI |
| Q2 2024 | 3 | $407.1M | XP, STNE, MELI |
| Q1 2024 | 2 | $520.0M | XP, MELI |