Turim 21 Investimentos Ltda.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Turim 21 Investimentos Ltda. reported 121 stock positions worth $613.3 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 25.5% of the portfolio, followed by iShares MSCI Brazil ETF (EWZ, 14.6%) and Vaneck Russia ETF (RSX, 7.4%). Compared with Q1 2026, it opened 8 new positions, sold out of 4, added to 15 and reduced 4. The biggest buy was iShares MSCI Brazil ETF (EWZ, shares +22987%) and the biggest sale Vale SA-SP ADR (VALE, shares −5%).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001652174
Portfolio Value
$613.3M (Q2 2026)
SEC Filing
0001652174-26-000001 ↗ filed Aug 10, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $393.2M Q1 2024 Q2 2024: $392.0M Q2 2024 Q3 2024: $363.4M Q3 2024 Q4 2024: $383.9M Q4 2024 Q1 2025: $372.3M Q1 2025 Q2 2025: $511.1M Q2 2025 Q3 2025: $297.2M Q3 2025 Q4 2025: $259.0M Q4 2025 Q1 2026: $398.6M Q1 2026 Q2 2026: $613.3M $613.3M Q2 2026

Holdings 121 stocks · $613.3M
VTI VG Morningstar TS MKT ETF-US 25.48% 209,279 $156.3M Add +3.4%
EWZ iShares MSCI Brazil ETF 14.64% 2,602,639 $89.8M Add +22987.4%
RSX Vaneck Russia ETF 7.45% 66,518 $45.7M New
VTWO Vanguard Russell 2000 ETF 7.29% 121,344 $44.7M Add +4.3%
VALE Vale SA-SP ADR 6.24% 2,545,258 $38.3M Reduce -5.0%
PROSHARES TR 6.18% 51,475 $37.9M Add +49.6%
IEMG iShares Core MSCI Emerging 5.93% 438,836 $36.4M Add +6268.3%
ISHG iShares -3 Year Internationa 5.77% 476,912 $35.4M Add +3.5%
AMZN Amazon.com Inc. 3.95% 101,621 $24.2M Reduce -14.0%
GOOG Alphabet Inc. Class C 3.89% 67,538 $23.9M Reduce -10.2%
MSFT Microsoft Corp. 3.67% 60,399 $22.5M Add +5.4%
XYZ Block Inc. 1.73% 67,721 $10.6M New
BMA Banco Macro SA-ADR 1.58% 528,547 $9.7M No change
PAGS Pagseguro Digital Ltd. Class A 0.85% 351,223 $5.2M Add +134.8%
IBIT iShares Bitcoin Trust ETF 0.66% 121,192 $4.0M No change
BRK.A Berkshire Hathaway Inc. Class A 0.49% 4 $3.0M No change
URNM Sprott Uranium Miners ETF 0.41% 47,482 $2.5M No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.35% 23,246 $2.1M No change
GGAL Grupo Financiero Galicia-ADR 0.34% 41,586 $2.1M No change
AAPL Apple Inc. 0.33% 6,967 $2.0M No change
CROX Crocs Inc. 0.27% 174,032 $1.6M Add +41.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 14,169 $1.4M No change
XOP SS SPDR S&P Og Exp & Prod 0.20% 5,683 $1.2M Add +21.4%
SW Smurfit Westrock PLC 0.20% 14,705 $1.2M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.17% 4,047 $1.0M Add +6.8%
PXD Pioneer Natural Resources Co. filed as MICROSTRATEGY INC-CL A 0.17% 12,000 $1.0M No change
KWEB Kranesh Csi China Internet 0.16% 39,811 $974K Add +12.6%
TIP iShares Tips Bond ETF 0.12% 6,570 $719K No change
VTEX Vtex Class A 0.10% 2,570 $584K New
IEF iShares 7-10 Year Treasury B 0.09% 6,026 $570K No change
EWY iShares MSCI South Korea ETF 0.08% 2,375 $480K New
SGML Sigma Lithium Corp. 0.07% 35,000 $443K Reduce -22.2%
IEFA iShares Core MSCI Eafe ETF 0.06% 4,123 $398K Add +703.7%
IVV iShares Core S&P 500 ETF 0.05% 436 $327K No change
LLY Eli Lilly & Co. 0.05% 261 $313K Add +3628.6%
VCIT Vanguard Int-Term Corporate 0.05% 3,392 $280K No change
GOOGL Alphabet Inc. Class A 0.04% 773 $276K Add +30.4%
IEI iShares 3-7 Year Treasury Bo 0.04% 2,335 $273K No change
NVDA Nvidia Corp. 0.04% 1,268 $254K No change
ETHE Grayscale Ethereum Staking E 0.03% 16,600 $212K No change
BITW Bitwise 10 Crypto Index ETF 0.03% 5,062 $190K No change
SLB SLB Ltd. filed as SLB LIMITED 0.03% 3,731 $173K No change
HAL Halliburton Co. 0.03% 5,068 $172K No change
OBDC Blue Owl Capital Corp. 0.03% 15,416 $168K No change
DMRC Digimarc Corp. 0.03% 20,087 $165K No change
MUB iShares National Muni Bond E 0.03% 1,514 $163K No change
SPCX Space Exploration Techn Class A 0.02% 807 $138K New
EMXC iShares MSCI Emr MRK Ex Chna 0.02% 1,293 $132K New
NXE Nexgen Energy Ltd. 0.02% 579 $112K No change
XME SS SPDR S&P Metals Mining 0.02% 1,036 $111K New
IDEV iShares Core MSCI Dev MKTS 0.02% 1,133 $101K No change
SHEL Shell PLC-ADR 0.02% 2,940 $93K No change
SLV iShares Silver Trust 0.01% 1,675 $90K New
IVE iShares S&P 500 Value ETF 0.01% 929 $72K No change
CPER United States Copper Index 0.01% 1,884 $71K No change
CAT Caterpillar Inc. 0.01% 65 $69K No change
JPM JPMorgan Chase & Co. 0.01% 210 $69K No change
EEM iShares MSCI Emerging Market 0.01% 890 $61K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 26 $52K No change
IGV iShares Expanded Tech-Softwa 0.01% 6,100 $46K No change
TSLA Tesla Inc. 0.01% 108 $45K No change
HODL Vaneck Bitcoin ETF 0.01% 2,708 $45K No change
ARKB ARK 21SHARES Bitcoin ETF 0.01% 2,301 $45K No change
FBTC Fidelity Wise Origin Bitcoin 0.01% 877 $45K No change
BITB Bitwise Bitcoin ETF 0.01% 1,405 $45K No change
XLE SS Energy Select Sector 0.01% 800 $42K No change
MS Morgan Stanley 0.01% 194 $41K No change
COMT iShares Gsci Commodity Dynam 0.01% 197 $37K No change
BND Vanguard Total Bond Market 0.01% 484 $36K No change
LHX L3HARRIS Technologies Inc. 0.01% 462 $35K No change
WMT Walmart Inc. 0.01% 296 $34K No change
SOXX iShares Semiconductor ETF 0.01% 2,450 $33K No change
GS Goldman Sachs Group Inc. 0.00% 29 $29K No change
FCX Freeport-McMoran Inc. 0.00% 410 $26K No change
BAC Bank of America Corp. 0.00% 447 $25K No change
HD Home Depot Inc. 0.00% 65 $23K No change
BN Brookfield Asset Mgmt Inc. filed as BP PLC-SPONS ADR 0.00% 620 $23K No change
ETH Grayscale Ethereum Staking M 0.00% 1,500 $23K No change
COST Costco Wholesale Corp. 0.00% 24 $22K No change
AXP American Express Co. 0.00% 63 $21K No change
GSK GSK PLC-Spon ADR 0.00% 404 $21K No change
SAN Banco Santander SA-Spon ADR 0.00% 1,699 $21K No change
META Meta Platforms Inc. Class A 0.00% 35 $20K No change
AVGO Broadcom Inc. 0.00% 50 $19K No change
JOBY Joby Aviation Inc. 0.00% 2,057 $18K No change
EUFN iShares MSCI Europe Financia 0.00% 329 $18K No change
BBD Banco Bradesco-ADR 0.00% 1,980 $16K No change
MRK Merck & Co. Inc. 0.00% 114 $15K No change
BILL Bill Holdings Inc. 0.00% 392 $14K No change
COPX Global X Copper Miners ETF 0.00% 182 $14K No change
IR Ingersoll-Rand Inc. 0.00% 163 $13K No change
ISRG Intuitive Surgical Inc. 0.00% 32 $13K No change
BCS Barclays PLC-Spons ADR 0.00% 472 $13K No change
FIG Figma Inc. Class A 0.00% 653 $12K No change
IHE iShares US Pharmaceuticals E 0.00% 109 $11K No change
BAND Bandwidth Inc. Class A 0.00% 162 $10K No change
ABBV Abbvie Inc. 0.00% 39 $10K No change
ORCL Oracle Corp. 0.00% 63 $9K No change
ACHR Archer Aviation Inc. Class A 0.00% 1,944 $9K No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.00% 92 $9K No change

Show all 121 holdings

Portfolio Sells Q1 2026 → Q2 2026
VALE Vale SA-SP ADR Reduce -5.0% 6.24% −4.45
AMZN Amazon.com Inc. Reduce -14.0% 3.95% −2.23
ERIC Ericsson (lm) Tel-SP ADR Sold out 0.00% −1.89
GOOG Alphabet Inc. Class C Reduce -10.2% 3.89% −1.52
SGML Sigma Lithium Corp. Reduce -22.2% 0.07% −0.07
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.06
VV Vngrd Mrgstr LRG-Cap ETF-Usd Sold out 0.00% −0.04
AMBIQ Ambipar Emergency Response Sold out 0.00% −0.00

Portfolio Buys Q1 2026 → Q2 2026
EWZ iShares MSCI Brazil ETF Add +22987.4% 14.64% +14.53
RSX Vaneck Russia ETF New 7.45% +7.45
IEMG iShares Core MSCI Emerging Add +6268.3% 5.93% +5.81
XYZ Block Inc. New 1.73% +1.73
PROSHARES TR Add +49.6% 6.18% +1.20
PAGS Pagseguro Digital Ltd. Class A Add +134.8% 0.85% +0.29
VTEX Vtex Class A New 0.10% +0.10
EWY iShares MSCI South Korea ETF New 0.08% +0.08
IEFA iShares Core MSCI Eafe ETF Add +703.7% 0.06% +0.05
LLY Eli Lilly & Co. Add +3628.6% 0.05% +0.05
SPCX Space Exploration Techn Class A New 0.02% +0.02
EMXC iShares MSCI Emr MRK Ex Chna New 0.02% +0.02
XME SS SPDR S&P Metals Mining New 0.02% +0.02
SLV iShares Silver Trust New 0.01% +0.01
GOOGL Alphabet Inc. Class A Add +30.4% 0.04% +0.00
XOP SS SPDR S&P Og Exp & Prod Add +21.4% 0.20% −0.03
EL Estee Lauder Companies Class A Add +6.8% 0.17% −0.07
CROX Crocs Inc. Add +41.2% 0.27% −0.09
KWEB Kranesh Csi China Internet Add +12.6% 0.16% −0.09
MSFT Microsoft Corp. Add +5.4% 3.67% −1.65
ISHG iShares -3 Year Internationa Add +3.5% 5.77% −2.81
VTWO Vanguard Russell 2000 ETF Add +4.3% 7.29% −5.26
VTI VG Morningstar TS MKT ETF-US Add +3.4% 25.48% −7.54

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 121$613.3MVTI, EWZ, RSX, VTWO, VALE
Q1 2026 117$398.6MVTI, VTWO, VALE, ISHG, AMZN
Q4 2025 115$259.0MVTI, EFA, VALE, PROSHARES TR, IEMG
Q3 2025 117$297.2MVTI, EFA, VALE, BIL, PROSHARES TR
Q2 2025 83$511.1MEWZ, SPY, EFA, BIL, MSFT
Q1 2025 81$372.3MSPY, EFA, BIL, VALE, RSP
Q4 2024 84$383.9MSPY, RSP, IWM, VALE, AMZN
Q3 2024 79$363.4MSPY, RSP, VALE, IWM, MSFT
Q2 2024 74$392.0MSPY, RSP, QQQ, VALE, MSFT
Q1 2024 74$393.2MSPY, RSP, VALE, MSFT, AMZN