Turim 21 Investimentos Ltda.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Turim 21 Investimentos Ltda. reported 74 stock positions worth $393.2 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 44.4% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 19.9%) and Vale SA-SP ADR (VALE, 9.7%). Compared with Q4 2023, it opened 4 new positions, sold out of 10, added to 11 and reduced 4. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +49%) and the biggest sale iShares Semiconductor ETF (SOXX, shares −65%).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001652174
Portfolio Value
$393.2M (Q1 2024)
SEC Filing
0001104659-24-061752 ↗ filed May 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $393.2M $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 Q2 2026

Holdings 74 stocks · $393.2M
SPY SS SPDR S&P 500 ETF Trust-US 44.41% 333,843 $174.6M Add +49.3%
RSP Invesco S&P 500 Equal Weight 19.87% 461,325 $78.1M Add +19.8%
VALE Vale SA-SP ADR 9.71% 3,131,646 $38.2M No change
MSFT Microsoft Corp. 6.79% 63,489 $26.7M Add +28.0%
AMZN Amazon.com Inc. 3.16% 68,921 $12.4M Add +41.9%
GOOG Alphabet Inc. Class C 2.85% 73,589 $11.2M Add +112.2%
QQQ Invesco QQQ Trust Series 1 2.45% 21,738 $9.7M Add +11.2%
SOXX iShares Semiconductor ETF 2.33% 40,578 $9.2M Reduce -65.5%
IGV iShares Expanded Tech-Softwa 2.30% 105,925 $9.0M Reduce -28.3%
IWM iShares Russell 2000 ETF 1.55% 28,994 $6.1M New
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.94% 670,000 $3.7M No change
BRK.A Berkshire Hathaway Inc. Class A 0.65% 4 $2.5M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.51% 16,389 $2.0M Add +8.0%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.33% 759 $1.3M Add +127.9%
CHD Church & Dwight Co. Inc. 0.30% 11,400 $1.2M No change
AAPL Apple Inc. 0.27% 6,170 $1.1M Add +30.5%
TSLA Tesla Inc. 0.23% 5,127 $901K No change
EWZ iShares MSCI Brazil ETF 0.18% 22,319 $724K No change
NXE Nexgen Energy Ltd. 0.12% 60,793 $473K Add +20.1%
IVE iShares S&P 500 Value ETF 0.11% 2,227 $416K No change
CROX Crocs Inc. 0.10% 2,806 $404K Add +48.5%
BMA Banco Macro SA-ADR 0.09% 7,709 $371K Reduce -37.8%
BUG Global X Cybersecurity ETF 0.08% 10,695 $318K No change
HOOD Robinhood Markets Inc. Class A 0.07% 13,639 $275K No change
ARKK ARK Innovation ETF 0.04% 3,235 $162K No change
MRK Merck & Co. Inc. 0.04% 1,200 $158K No change
MCHI iShares MSCI China ETF 0.04% 3,940 $157K No change
LIT Global X Lithium & Battery T 0.03% 2,882 $131K No change
AVGO Broadcom Inc. 0.03% 94 $125K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.03% 505 $121K No change
PG The Procter & Gamble Co. 0.03% 670 $109K No change
EU Encore Energy Corp. 0.03% 23,758 $101K Reduce -33.7%
REGN Regeneron Pharmaceuticals 0.02% 100 $96K No change
PBR Petroleo Brasileiro-Spon ADR 0.02% 6,188 $94K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 520 $80K No change
IDEV iShares Core MSCI Dev MKTS 0.02% 1,133 $76K No change
JNJ Johnson & Johnson 0.02% 425 $67K No change
V Visa Inc. Class A 0.02% 240 $67K No change
URNM Sprott Uranium Miners ETF 0.02% 1,352 $67K No change
GOOGL Alphabet Inc. Class A 0.02% 400 $60K No change
XLV SS Health Care Select Sector 0.01% 375 $55K No change
TMO Thermo Fisher Scientific Inc. 0.01% 95 $55K No change
COPX Global X Copper Miners ETF 0.01% 1,206 $51K No change
VCIT Vanguard Int-Term Corporate 0.01% 521 $42K No change
XLE SS Energy Select Sector 0.01% 400 $38K No change
EEM iShares MSCI Emerging Market 0.01% 890 $37K No change
BND Vanguard Total Bond Market 0.01% 484 $35K No change
PFE Pfizer Inc. 0.01% 1,230 $34K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 2,450 $29K No change
RIVN Rivian Automotive Inc. Class A 0.01% 2,657 $29K No change
TTE Totalenergies SE -Spon ADR 0.01% 410 $28K No change
CTVA Corteva Inc. 0.01% 470 $27K No change
SHEL Shell PLC-ADR 0.01% 345 $23K No change
TQQQ Proshares Ultrapro QQQ 0.01% 335 $21K New
TMF Dir DLY 20+YR TR BL3X ETF-Ui 0.01% 359 $20K New
STNE Stoneco Ltd. Class A 0.00% 1,100 $18K No change
LASE Laser Photonics Corp. 0.00% 9,780 $16K No change
KVYO Klaviyo Inc. Class A 0.00% 543 $14K New
MSOS Advisorshares Pure US Cann 0.00% 1,375 $14K No change
BABA Alibaba Group Holding-SP ADR 0.00% 190 $14K No change
ACLX Arcellx Inc. 0.00% 179 $12K No change
JOBY Joby Aviation Inc. 0.00% 2,057 $11K No change
EH Ehang Holdings Ltd.-SPS ADR 0.00% 501 $10K No change
ACHR Archer Aviation Inc. Class A 0.00% 1,944 $9K No change
XYZ Block Inc. 0.00% 95 $8K No change
FSLY Fastly Inc. Class A 0.00% 328 $4K No change
BAND Bandwidth Inc. Class A 0.00% 162 $3K No change
BKSY Blacksky Technology Inc. 0.00% 2,000 $3K No change
CGC Canopy Growth Corp. 0.00% 230 $2K No change
VTRS Viatris Inc. 0.00% 152 $2K No change
PTON Peloton Interactive Inc. Class A 0.00% 110 $471 No change
GROV Grove Collaborative Hold Inc. 0.00% 214 $357 No change
DMTKQ Dermtech Inc. 0.00% 363 $255 No change
RSX Vaneck Russia ETF 0.00% 21,727 $0 No change

Portfolio Sells Q4 2023 → Q1 2024
SOXX iShares Semiconductor ETF Reduce -65.5% 2.33% −4.88
IGV iShares Expanded Tech-Softwa Reduce -28.3% 2.30% −1.53
BLK BlackRock Finance Inc. Sold out 0.00% −0.66
GLD SPDR Gold Shares Sold out 0.00% −0.56
META Meta Platforms Inc. Class A Sold out 0.00% −0.34
GGAL Grupo Financiero Galicia-ADR Sold out 0.00% −0.18
XP XP Inc. Class A Sold out 0.00% −0.13
VSXY Victoria's Secret & Co. Sold out 0.00% −0.07
MELI MercadoLibre Inc. Sold out 0.00% −0.06
NTCOY Natura &co Holding-ADR Sold out 0.00% −0.05
CCJ Cameco Corp. Sold out 0.00% −0.04
EU Encore Energy Corp. Reduce -33.7% 0.03% −0.02
BMA Banco Macro SA-ADR Reduce -37.8% 0.09% −0.02
DD Dupont DE Nemours Inc. Sold out 0.00% −0.01

Portfolio Buys Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +49.3% 44.41% +10.43
IWM iShares Russell 2000 ETF New 1.55% +1.55
GOOG Alphabet Inc. Class C Add +112.2% 2.85% +1.29
MSFT Microsoft Corp. Add +28.0% 6.79% +0.83
AMZN Amazon.com Inc. Add +41.9% 3.16% +0.80
RSP Invesco S&P 500 Equal Weight Add +19.8% 19.87% +0.44
MSTR Strategy Inc. Add +127.9% 0.33% +0.26
DIS The Walt Disney Co. Add +8.0% 0.51% +0.07
CROX Crocs Inc. Add +48.5% 0.10% +0.05
NXE Nexgen Energy Ltd. Add +20.1% 0.12% +0.01
TQQQ Proshares Ultrapro QQQ New 0.01% +0.01
TMF Dir DLY 20+YR TR BL3X ETF-Ui New 0.01% +0.01
KVYO Klaviyo Inc. Class A New 0.00% +0.00
AAPL Apple Inc. Add +30.5% 0.27% −0.02
QQQ Invesco QQQ Trust Series 1 Add +11.2% 2.45% −0.11

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