Turim 21 Investimentos Ltda.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Turim 21 Investimentos Ltda. reported 84 stock positions worth $383.9 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 30.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 15.7%) and iShares Russell 2000 ETF (IWM, 7.9%). Compared with Q3 2024, it opened 8 new positions, sold out of 3, added to 14 and reduced 9. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale iShares MSCI China ETF (MCHI, shares −94%).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001652174
Portfolio Value
$383.9M (Q4 2024)
SEC Filing
0001104659-25-013602 ↗ filed Feb 14, 2025

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 $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 84 stocks · $383.9M
SPY SS SPDR S&P 500 ETF Trust-US 30.87% 196,937 $118.5M Add +0.0%
RSP Invesco S&P 500 Equal Weight 15.72% 332,955 $60.3M Reduce -8.6%
IWM iShares Russell 2000 ETF 7.92% 134,306 $30.4M Reduce -2.3%
VALE Vale SA-SP ADR 7.58% 3,131,646 $29.1M No change
AMZN Amazon.com Inc. 7.05% 113,831 $27.1M Add +66.9%
GOOG Alphabet Inc. Class C 6.60% 123,248 $25.3M Add +68.3%
MSFT Microsoft Corp. 6.54% 60,532 $25.1M Reduce -4.1%
SOXX iShares Semiconductor ETF 3.79% 66,633 $14.5M Reduce -4.4%
SGOV iShares 0-3 Month Treasury B 3.57% 136,177 $13.7M New
QQQ Invesco QQQ Trust Series 1 3.49% 25,621 $13.4M Reduce -18.6%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 1.31% 670,000 $5.0M No change
BRK.A Berkshire Hathaway Inc. Class A 0.73% 4 $2.8M No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.63% 7,240 $2.4M Reduce -4.6%
AAPL Apple Inc. 0.62% 10,091 $2.4M Add +63.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.51% 17,285 $2.0M Add +1.3%
CHD Church & Dwight Co. Inc. 0.31% 11,400 $1.2M No change
GGAL Grupo Financiero Galicia-ADR 0.23% 13,314 $898K Add +36.2%
NXE Nexgen Energy Ltd. 0.21% 123,215 $808K No change
MCHI iShares MSCI China ETF 0.19% 14,821 $717K Reduce -94.1%
PAM Pampa Energia SA-Spon ADR 0.18% 7,644 $684K No change
GOOGL Alphabet Inc. Class A 0.16% 3,004 $613K Add +651.0%
EWZ iShares MSCI Brazil ETF 0.15% 22,319 $565K No change
ECH iShares MSCI Chile ETF 0.15% 20,576 $562K New
META Meta Platforms Inc. Class A 0.14% 799 $551K New
TGS Transportador Gas-ADR SP B 0.13% 17,903 $506K No change
IVE iShares S&P 500 Value ETF 0.11% 2,227 $437K No change
NEM Newmont Corp. 0.10% 8,563 $366K New
SUPV Grupo Supervielle SA-SP ADR 0.09% 21,153 $348K New
CCJ Cameco Corp. 0.08% 6,250 $309K No change
AVGO Broadcom Inc. 0.05% 940 $208K No change
ARKK ARK Innovation ETF 0.05% 3,235 $203K No change
SW Smurfit Westrock PLC 0.05% 3,660 $194K No change
NVDA Nvidia Corp. 0.05% 1,540 $185K No change
BUG Global X Cybersecurity ETF 0.05% 5,393 $185K Reduce -49.6%
VCIT Vanguard Int-Term Corporate 0.04% 2,040 $165K Add +291.6%
OBDE Blue Owl Capital Corp. III 0.04% 10,768 $152K Add +86.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 505 $140K No change
TSLA Tesla Inc. 0.04% 345 $140K Reduce -93.3%
MRK Merck & Co. Inc. 0.03% 1,200 $119K No change
LIT Global X Lithium & Battery T 0.03% 2,882 $117K No change
PG The Procter & Gamble Co. 0.03% 670 $111K No change
V Visa Inc. Class A 0.02% 240 $82K No change
TMF Dir DLY 20+YR TR BL3X ETF-Ui 0.02% 1,940 $77K Add +10.3%
IDEV iShares Core MSCI Dev MKTS 0.02% 1,133 $76K No change
XLV SS Health Care Select Sector 0.02% 513 $75K Add +36.8%
REGN Regeneron Pharmaceuticals 0.02% 100 $67K No change
PFE Pfizer Inc. 0.02% 2,526 $67K Add +105.4%
TQQQ Proshares Ultrapro QQQ 0.02% 789 $65K Add +0.1%
JNJ Johnson & Johnson 0.02% 425 $65K No change
TMO Thermo Fisher Scientific Inc. 0.01% 95 $57K No change
URNM Sprott Uranium Miners ETF 0.01% 1,352 $55K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 109 $51K New
LASE Laser Photonics Corp. 0.01% 9,780 $46K No change
COPX Global X Copper Miners ETF 0.01% 1,206 $46K No change
XLE SS Energy Select Sector 0.01% 460 $40K Add +15.0%
EEM iShares MSCI Emerging Market 0.01% 890 $38K No change
BND Vanguard Total Bond Market 0.01% 484 $35K No change
RIVN Rivian Automotive Inc. Class A 0.01% 2,657 $33K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 2,450 $32K No change
CTVA Corteva Inc. 0.01% 470 $31K No change
KVYO Klaviyo Inc. Class A 0.01% 543 $25K No change
TTE Totalenergies SE -Spon ADR 0.01% 410 $24K No change
SHEL Shell PLC-ADR 0.01% 345 $23K No change
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.01% 2,000 $21K No change
BABA Alibaba Group Holding-SP ADR 0.00% 190 $19K No change
ACHR Archer Aviation Inc. Class A 0.00% 1,944 $18K No change
JOBY Joby Aviation Inc. 0.00% 2,057 $17K No change
MELI MercadoLibre Inc. 0.00% 8 $15K No change
BKNG Booking Holdings Inc. 0.00% 3 $14K New
ACLX Arcellx Inc. 0.00% 179 $12K No change
STNE Stoneco Ltd. Class A 0.00% 1,100 $10K No change
EH Ehang Holdings Ltd.-SPS ADR 0.00% 501 $9K No change
IBB iShares Biotechnology ETF 0.00% 61 $8K New
XYZ Block Inc. 0.00% 95 $8K No change
MSOS Advisorshares Pure US Cann 0.00% 1,375 $5K No change
BKSY Blacksky Technology Inc. 0.00% 250 $4K No change
FSLY Fastly Inc. Class A 0.00% 328 $3K No change
BAND Bandwidth Inc. Class A 0.00% 162 $3K No change
VTRS Viatris Inc. 0.00% 152 $2K No change
PTON Peloton Interactive Inc. Class A 0.00% 110 $853 No change
CGC Canopy Growth Corp. 0.00% 230 $458 No change
GROV Grove Collaborative Hold Inc. 0.00% 214 $306 No change
DMTKQ Dermtech Inc. 0.00% 363 $38 No change
RSX Vaneck Russia ETF 0.00% 21,727 $0 No change

Portfolio Sells Q3 2024 → Q4 2024
MCHI iShares MSCI China ETF Reduce -94.1% 0.19% −3.36
RSP Invesco S&P 500 Equal Weight Reduce -8.6% 15.72% −2.24
MSFT Microsoft Corp. Reduce -4.1% 6.54% −0.93
QQQ Invesco QQQ Trust Series 1 Reduce -18.6% 3.49% −0.74
SOXX iShares Semiconductor ETF Reduce -4.4% 3.79% −0.64
IWM iShares Russell 2000 ETF Reduce -2.3% 7.92% −0.43
TSLA Tesla Inc. Reduce -93.3% 0.04% −0.33
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.12
BUG Global X Cybersecurity ETF Reduce -49.6% 0.05% −0.04
PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −0.02
EL Estee Lauder Companies Class A Sold out 0.00% −0.01
MSTR Strategy Inc. Reduce -4.6% 0.63% +0.28

Portfolio Buys Q3 2024 → Q4 2024
SGOV iShares 0-3 Month Treasury B New 3.57% +3.57
AMZN Amazon.com Inc. Add +66.9% 7.05% +3.55
GOOG Alphabet Inc. Class C Add +68.3% 6.60% +3.23
AAPL Apple Inc. Add +63.5% 0.62% +0.22
ECH iShares MSCI Chile ETF New 0.15% +0.15
META Meta Platforms Inc. Class A New 0.14% +0.14
GOOGL Alphabet Inc. Class A Add +651.0% 0.16% +0.14
GGAL Grupo Financiero Galicia-ADR Add +36.2% 0.23% +0.12
NEM Newmont Corp. New 0.10% +0.10
SUPV Grupo Supervielle SA-SP ADR New 0.09% +0.09
DIS The Walt Disney Co. Add +1.3% 0.51% +0.06
VCIT Vanguard Int-Term Corporate Add +291.6% 0.04% +0.03
OBDE Blue Owl Capital Corp. III Add +86.6% 0.04% +0.02
BRK.B Berkshire Hathaway Inc. Class B New 0.01% +0.01
PFE Pfizer Inc. Add +105.4% 0.02% +0.01
BKNG Booking Holdings Inc. New 0.00% +0.00
XLV SS Health Care Select Sector Add +36.8% 0.02% +0.00
IBB iShares Biotechnology ETF New 0.00% +0.00
TQQQ Proshares Ultrapro QQQ Add +0.1% 0.02% +0.00
XLE SS Energy Select Sector Add +15.0% 0.01% +0.00
TMF Dir DLY 20+YR TR BL3X ETF-Ui Add +10.3% 0.02% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.0% 30.87% −0.22

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