Turim 21 Investimentos Ltda.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Turim 21 Investimentos Ltda. reported 79 stock positions worth $363.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 31.1% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 18.0%) and Vale SA-SP ADR (VALE, 10.1%). Compared with Q2 2024, it opened 6 new positions, sold out of 1, added to 5 and reduced 8. The biggest buy was iShares Russell 2000 ETF (IWM, shares +374%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −31%).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001652174
Portfolio Value
$363.4M (Q3 2024)
SEC Filing
0001104659-24-118319 ↗ filed Nov 14, 2024

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 $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 79 stocks · $363.4M
SPY SS SPDR S&P 500 ETF Trust-US 31.09% 196,910 $113.0M Reduce -31.5%
RSP Invesco S&P 500 Equal Weight 17.96% 364,312 $65.3M Reduce -13.0%
VALE Vale SA-SP ADR 10.07% 3,131,646 $36.6M No change
IWM iShares Russell 2000 ETF 8.36% 137,484 $30.4M Add +374.2%
MSFT Microsoft Corp. 7.48% 63,145 $27.2M Reduce -0.5%
SOXX iShares Semiconductor ETF 4.42% 69,704 $16.1M Add +152.6%
QQQ Invesco QQQ Trust Series 1 4.23% 31,464 $15.4M Reduce -63.2%
MCHI iShares MSCI China ETF 3.54% 252,930 $12.9M Add +6319.5%
AMZN Amazon.com Inc. 3.50% 68,204 $12.7M Reduce -0.4%
GOOG Alphabet Inc. Class C 3.37% 73,251 $12.2M No change
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 1.40% 670,000 $5.1M No change
BRK.A Berkshire Hathaway Inc. Class A 0.76% 4 $2.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 17,069 $1.6M No change
AAPL Apple Inc. 0.40% 6,170 $1.4M No change
TSLA Tesla Inc. 0.37% 5,127 $1.3M No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.35% 7,590 $1.3M No change
CHD Church & Dwight Co. Inc. 0.33% 11,400 $1.2M No change
NXE Nexgen Energy Ltd. 0.22% 123,215 $805K Add +66.5%
EWZ iShares MSCI Brazil ETF 0.18% 22,319 $658K No change
PAM Pampa Energia SA-Spon ADR 0.13% 7,644 $459K New
IVE iShares S&P 500 Value ETF 0.12% 2,227 $439K No change
GDX Vaneck Gold Miners ETF 0.12% 10,614 $423K No change
GGAL Grupo Financiero Galicia-ADR 0.11% 9,775 $411K Reduce -34.0%
BUG Global X Cybersecurity ETF 0.09% 10,695 $331K No change
TGS Transportador Gas-ADR SP B 0.09% 17,903 $328K Reduce -33.9%
CCJ Cameco Corp. 0.08% 6,250 $299K New
NVDA Nvidia Corp. 0.05% 1,540 $187K No change
SW Smurfit Westrock PLC 0.05% 3,660 $181K New
AVGO Broadcom Inc. 0.04% 940 $162K No change
LASE Laser Photonics Corp. 0.04% 9,780 $160K No change
ARKK ARK Innovation ETF 0.04% 3,235 $154K No change
MRK Merck & Co. Inc. 0.04% 1,200 $136K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 505 $133K No change
LIT Global X Lithium & Battery T 0.03% 2,882 $126K No change
PG The Procter & Gamble Co. 0.03% 670 $116K No change
REGN Regeneron Pharmaceuticals 0.03% 100 $105K No change
TMF Dir DLY 20+YR TR BL3X ETF-Ui 0.03% 1,759 $102K Reduce -4.9%
PBR Petroleo Brasileiro-Spon ADR 0.02% 6,188 $89K No change
OBDE Blue Owl Capital Corp. III 0.02% 5,771 $83K New
IDEV iShares Core MSCI Dev MKTS 0.02% 1,133 $80K No change
JNJ Johnson & Johnson 0.02% 425 $69K No change
GOOGL Alphabet Inc. Class A 0.02% 400 $66K No change
V Visa Inc. Class A 0.02% 240 $66K No change
URNM Sprott Uranium Miners ETF 0.02% 1,352 $62K No change
TMO Thermo Fisher Scientific Inc. 0.02% 95 $59K No change
XLV SS Health Care Select Sector 0.02% 375 $58K No change
TQQQ Proshares Ultrapro QQQ 0.02% 788 $57K Add +18.5%
COPX Global X Copper Miners ETF 0.02% 1,206 $57K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.01% 520 $52K No change
VCIT Vanguard Int-Term Corporate 0.01% 521 $44K No change
EEM iShares MSCI Emerging Market 0.01% 890 $41K No change
BND Vanguard Total Bond Market 0.01% 484 $36K No change
PFE Pfizer Inc. 0.01% 1,230 $36K No change
XLE SS Energy Select Sector 0.01% 400 $35K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 2,450 $33K No change
RIVN Rivian Automotive Inc. Class A 0.01% 2,657 $30K No change
CTVA Corteva Inc. 0.01% 470 $28K No change
TTE Totalenergies SE -Spon ADR 0.01% 410 $26K No change
SHEL Shell PLC-ADR 0.01% 345 $23K No change
BABA Alibaba Group Holding-SP ADR 0.01% 190 $20K No change
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.01% 2,000 $20K New
KVYO Klaviyo Inc. Class A 0.01% 543 $19K No change
MELI MercadoLibre Inc. 0.00% 8 $16K New
ACLX Arcellx Inc. 0.00% 179 $15K No change
STNE Stoneco Ltd. Class A 0.00% 1,100 $12K No change
JOBY Joby Aviation Inc. 0.00% 2,057 $10K No change
MSOS Advisorshares Pure US Cann 0.00% 1,375 $10K No change
EH Ehang Holdings Ltd.-SPS ADR 0.00% 501 $7K No change
XYZ Block Inc. 0.00% 95 $6K No change
ACHR Archer Aviation Inc. Class A 0.00% 1,944 $6K No change
BAND Bandwidth Inc. Class A 0.00% 162 $3K No change
FSLY Fastly Inc. Class A 0.00% 328 $2K No change
VTRS Viatris Inc. 0.00% 152 $2K No change
BKSY Blacksky Technology Inc. 0.00% 250 $1K No change
CGC Canopy Growth Corp. 0.00% 230 $1K No change
PTON Peloton Interactive Inc. Class A 0.00% 110 $515 No change
GROV Grove Collaborative Hold Inc. 0.00% 214 $289 No change
DMTKQ Dermtech Inc. 0.00% 363 $38 No change
RSX Vaneck Russia ETF 0.00% 21,727 $0 No change

Portfolio Sells Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US Reduce -31.5% 31.09% −8.81
QQQ Invesco QQQ Trust Series 1 Reduce -63.2% 4.23% −6.22
GLD SPDR Gold Shares Sold out 0.00% −1.18
TGS Transportador Gas-ADR SP B Reduce -33.9% 0.09% −0.04
GGAL Grupo Financiero Galicia-ADR Reduce -34.0% 0.11% −0.00
TMF Dir DLY 20+YR TR BL3X ETF-Ui Reduce -4.9% 0.03% +0.01
AMZN Amazon.com Inc. Reduce -0.4% 3.50% +0.12
MSFT Microsoft Corp. Reduce -0.5% 7.48% +0.24
RSP Invesco S&P 500 Equal Weight Reduce -13.0% 17.96% +0.41

Portfolio Buys Q2 2024 → Q3 2024
IWM iShares Russell 2000 ETF Add +374.2% 8.36% +6.86
MCHI iShares MSCI China ETF Add +6319.5% 3.54% +3.50
SOXX iShares Semiconductor ETF Add +152.6% 4.42% +2.69
PAM Pampa Energia SA-Spon ADR New 0.13% +0.13
NXE Nexgen Energy Ltd. Add +66.5% 0.22% +0.09
CCJ Cameco Corp. New 0.08% +0.08
SW Smurfit Westrock PLC New 0.05% +0.05
OBDE Blue Owl Capital Corp. III New 0.02% +0.02
VINP Vinci Compass Investments LT New 0.01% +0.01
MELI MercadoLibre Inc. New 0.00% +0.00
TQQQ Proshares Ultrapro QQQ Add +18.5% 0.02% +0.00

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