Vinland Capital Management Gestora de Recursos LTDA. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Vinland Capital Management Gestora de Recursos LTDA. reported 10 stock positions worth $10.1 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 48.0% of the portfolio, followed by Ternium SA-Sponsored ADR (TX, 15.7% ) and Itau Unibanco H-Spon PRF ADR (ITUB, 12.0% ). Compared with Q1 2026, it opened 7 new positions and added to 2. The biggest buy was a new position in Ternium SA-Sponsored ADR (TX).
Location SAO PAULO, D5
CIK 0001944332
Portfolio Value $10.1M (Q2 2026) Holdings 10 stocks · $10.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 SPY SS SPDR S&P 500 ETF Trust-US 6,523 $4.9M No change TX Ternium SA-Sponsored ADR 37,300 $1.6M New ITUB Itau Unibanco H-Spon PRF ADR 148,674 $1.2M New BUD Anheuser-Busch Inbev-SPN ADR 10,100 $832K New VALE Vale SA-SP ADR 52,300 $787K Add +0.0% XLV SS Health Care Select Sector 550 $311K New SOXX iShares Semiconductor ETF 50 $166K New DRAM Roundhill Memory ETF 400 $153K New EWJ iShares MSCI Japan ETF 250 $121K Add +0.0% QQQ Invesco QQQ Trust Series 1 27 $103K New
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ None this quarter.
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ TX Ternium SA-Sponsored ADR New 15.69% +15.69 ITUB Itau Unibanco H-Spon PRF ADR New 11.97% +11.97 BUD Anheuser-Busch Inbev-SPN ADR New 8.20% +8.20 VALE Vale SA-SP ADR Add +0.0% 7.75% +7.75 XLV SS Health Care Select Sector New 3.06% +3.06 SOXX iShares Semiconductor ETF New 1.63% +1.63 DRAM Roundhill Memory ETF New 1.51% +1.51 EWJ iShares MSCI Japan ETF Add +0.0% 1.19% +1.19 QQQ Invesco QQQ Trust Series 1 New 1.01% +1.01
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ ISHARES TR put Reduce -100.0% 0 $0
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ STNE Stoneco Ltd. Class A COM CL A Reduce -100.0% 0 $0 DLO Dlocal Ltd. CLASS A COM Reduce -100.0% 0 $0 XLE SS Energy Select Sector ST STR ENERG ETF Reduce -100.0% 0 $0 BBD Banco Bradesco-ADR SP ADR PFD NEW Reduce -100.0% 0 $0 NU Nu Holdings Ltd./Cayman Isl-A ORD SHS CL A Reduce -100.0% 0 $0 GOOGL Alphabet Inc. Class A CAP STK CL A Sold out 0 $0before exit APP AppLovin Corp. Class A COM CL A Sold out 0 $0before exit BAC Bank of America Corp. COM Sold out 0 $0before exit CRS Carpenter Technology COM Sold out 0 $0before exit CAT Caterpillar Inc. COM Sold out 0 $0before exit C Citigroup Inc. COM NEW Sold out 0 $0before exit CDE Coeur Mining Inc. COM NEW Sold out 0 $0before exit F Ford Motor Co. COM Sold out 0 $0before exit GS Goldman Sachs Group Inc. COM Sold out 0 $0before exit HAL Halliburton Co. COM Sold out 0 $0before exit IBM Intl Business Machines Corp. COM Sold out 0 $0before exit IQV Iqvia Holdings Inc. COM Sold out 0 $0before exit EMXC iShares MSCI Emr MRK Ex Chna MSCI EMRG CHN Sold out 0 $0before exit JPM JPMorgan Chase & Co. COM Sold out 0 $0before exit JNJ Johnson & Johnson COM Sold out 0 $0before exit KLAC KLA Corp. COM NEW Sold out 0 $0before exit KEYS Keysight Technologies Inc. COM Sold out 0 $0before exit LLY Eli Lilly & Co. COM Sold out 0 $0before exit MU Micron Technology Inc. COM Sold out 0 $0before exit MNST Monster Beverage Corp. COM Sold out 0 $0before exit PLTR Palantir Technologies Inc. Class A CL A Sold out 0 $0before exit PH Parker Hannifin Corp. COM Sold out 0 $0before exit RL Ralph Lauren Corp. CL A Sold out 0 $0before exit ROK Rockwell Automation Inc. COM Sold out 0 $0before exit ROST Ross Stores Inc. COM Sold out 0 $0before exit XME SS SPDR S&P Metals Mining ST STR SP METAL Sold out 0 $0before exit TPR Tapestry Inc. COM Sold out 0 $0before exit ULTA Ulta Beauty Inc. COM Sold out 0 $0before exit UAL United Airlines Holdings Inc. COM Sold out 0 $0before exit VGK Vanguard Ftse Europe ETF FTSE EUROPE ETF Sold out 0 $0before exit VTRS Viatris Inc. COM Sold out 0 $0before exit WMT Walmart Inc. COM Sold out 0 $0before exit WDC Western Digital Corp. COM Sold out 0 $0before exit JCI Johnson Controls Internation SHS Sold out 0 $0before exit STX Seagate Technology Holdings ORD SHS Sold out 0 $0before exit TIGO Millicom Intl Cellular S.A. COM STK Sold out 0 $0before exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 10 $10.1M SPY, TX, ITUB, BUD, VALE Q1 2026 6 $6.1M SPY, STNE, DLO, XLE, BBD Q4 2025 40 $8.2M XME, VALE, SPY, NU, EMXC Q3 2025 36 $7.8M NU, KWEB, AUGO, ITA, XLE Q2 2025 1 $724K MELI Q1 2025 8 $3.8M TIMB, ABEV, AXICY, NVDA, RIO Q4 2024 5 $20.3M TIP, ITUB, EWZ, AXIAY, MELI Q3 2024 27 $26.2M ITUB, PYPL, A, TGT, SHW Q2 2024 31 $67.4M ITUB, AAPL, AMZN, TJX, ROST Q1 2024 43 $120.2M SPY, PBR, VALE, GS, NVDA