Vinland Capital Management Gestora de Recursos LTDA. In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Vinland Capital Management Gestora de Recursos LTDA. reported 31 stock positions worth $67.4 million . Its top holding was Itau Unibanco H-Spon PRF ADR (ITUB) at 7.0% of the portfolio, followed by Apple (AAPL, 6.2% ) and Amazon.com (AMZN, 5.7% ). Compared with Q1 2024, it opened 12 new positions, added to 15 and reduced 2. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale Nvidia (NVDA, shares −74% ).
Location SAO PAULO, D5
CIK 0001944332
Portfolio Value $67.4M (Q2 2024) Holdings 31 stocks · $67.4M 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 2024 ITUB Itau Unibanco H-Spon PRF ADR 679,270 $4.7M No change AAPL Apple Inc. 20,000 $4.2M Add +138.9% AMZN Amazon.com Inc. 20,000 $3.9M New TJX TJX Companies Inc. filed as TJX COS INC NEW 21,900 $2.4M Add +46.8% ROST Ross Stores Inc. 16,310 $2.4M New EA Electronic Arts Inc. 16,910 $2.4M New NFLX Netflix Inc. 3,440 $2.3M Add +45.4% META Meta Platforms Inc. Class A 4,560 $2.3M Add +56.6% HON Honeywell International Inc. 10,570 $2.3M Add +43.4% MSI Motorola Solutions Inc. 5,840 $2.3M New COST Costco Wholesale Corp. 2,620 $2.2M New NVDA Nvidia Corp. 18,000 $2.2M Reduce -74.3% GOOGL Alphabet Inc. Class A 12,190 $2.2M Add +11.6% CTAS Cintas Corp. 3,140 $2.2M Add +38.0% KO The Coca-Cola Co. 34,480 $2.2M Add +40.4% MCO Moody's Corp. 5,180 $2.2M Add +35.5% ZTS Zoetis Inc. 12,460 $2.2M Add +59.2% TT Trane Technologies PLC 6,530 $2.1M Add +28.2% FFIV F5 Inc. 12,380 $2.1M New JNJ Johnson & Johnson 14,290 $2.1M Add +55.5% PG The Procter & Gamble Co. 12,640 $2.1M New ITW Illinois Tool Works 8,610 $2.0M Add +52.6% CBOE Cboe Global Markets Inc. 11,780 $2.0M New CAT Caterpillar Inc. 5,980 $2.0M Add +39.8% V Visa Inc. Class A 7,570 $2.0M New IDXX Idexx Laboratories Inc. 4,030 $2.0M New HAL Halliburton Co. 57,600 $1.9M Add +39.1% MELI MercadoLibre Inc. 577 $948K Reduce -26.4% MSFT Microsoft Corp. 1,300 $581K New PPC Pilgrim's Pride Corp. 14,800 $570K New MRDB Mariadb PLC 1,052,632 $474K No change
Options reported separately and not counted above: EWZ puts ($68.2M), EWZ calls ($14.1M), ITUB puts ($4.1M).
Portfolio Sells Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Reduce -74.3% 3.30% −1.96 MELI MercadoLibre Inc. Reduce -26.4% 1.41% +0.42
Portfolio Buys Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. New 5.73% +5.73 AAPL Apple Inc. Add +138.9% 6.25% +5.05 ROST Ross Stores Inc. New 3.52% +3.52 EA Electronic Arts Inc. New 3.49% +3.49 MSI Motorola Solutions Inc. New 3.34% +3.34 COST Costco Wholesale Corp. New 3.30% +3.30 FFIV F5 Inc. New 3.16% +3.16 PG The Procter & Gamble Co. New 3.09% +3.09 CBOE Cboe Global Markets Inc. New 2.97% +2.97 V Visa Inc. Class A New 2.95% +2.95 IDXX Idexx Laboratories Inc. New 2.91% +2.91 TJX TJX Companies Inc. Add +46.8% 3.58% +2.32 NFLX Netflix Inc. Add +45.4% 3.44% +2.25 META Meta Platforms Inc. Class A Add +56.6% 3.41% +2.23 ZTS Zoetis Inc. Add +59.2% 3.20% +2.10 HON Honeywell International Inc. Add +43.4% 3.35% +2.09 KO The Coca-Cola Co. Add +40.4% 3.26% +2.00 MCO Moody's Corp. Add +35.5% 3.23% +1.98 CTAS Cintas Corp. Add +38.0% 3.26% +1.96 GOOGL Alphabet Inc. Class A Add +11.6% 3.29% +1.92 TT Trane Technologies PLC Add +28.2% 3.19% +1.91 JNJ Johnson & Johnson Add +55.5% 3.10% +1.89 ITW Illinois Tool Works Add +52.6% 3.03% +1.77 CAT Caterpillar Inc. Add +39.8% 2.95% +1.65 HAL Halliburton Co. Add +39.1% 2.89% +1.53 MSFT Microsoft Corp. New 0.86% +0.86 PPC Pilgrim's Pride Corp. New 0.84% +0.84
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ EWZ iShares MSCI Brazil ETF put Add +3930.7% 2,495,000 $68.2M META Meta Platforms Inc. Class A call Sold out 40,000 $19.4Mbefore exit EWZ iShares MSCI Brazil ETF call Reduce -80.8% 515,400 $14.1M ITUB Itau Unibanco H-Spon PRF ADR put Add +2.8% 706,400 $4.1M IWM iShares Russell 2000 ETF call Reduce -100.0% 0 $0 PBR Petroleo Brasileiro-Spon ADR put Reduce -100.0% 0 $0 XP XP Inc. Class A put Reduce -100.0% 0 $0 VALE Vale SA-SP ADR call Reduce -100.0% 0 $0 CDNS Cadence Design SYS Inc. call Reduce -100.0% 0 $0 VALE Vale SA-SP ADR put Reduce -100.0% 0 $0 NVDA Nvidia Corp. call Reduce -100.0% 0 $0 SGML Sigma Lithium Corp. call Reduce -100.0% 0 $0 PBR Petroleo Brasileiro-Spon ADR call Reduce -100.0% 0 $0 GOOGL Alphabet Inc. Class A call Sold out 0 $0before exit ABEV Ambev SA-ADR call Sold out 0 $0before exit AAPL Apple Inc. put Sold out 0 $0before exit BBD Banco Bradesco-ADR put Sold out 0 $0before exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ SPY SS SPDR S&P 500 ETF Trust-US TR UNIT Reduce -100.0% 0 $0 PBR Petroleo Brasileiro-Spon ADR SPONSORED ADR Reduce -100.0% 0 $0 VALE Vale SA-SP ADR SPONSORED ADS Reduce -100.0% 0 $0 GS Goldman Sachs Group Inc. COM Reduce -100.0% 0 $0 SLB SLB Ltd. COM STK Reduce -100.0% 0 $0 LMT Lockheed Martin Corp. COM Reduce -100.0% 0 $0 CL Colgate-Palmolive Co. COM Reduce -100.0% 0 $0 SNA Snap-on Inc. COM Reduce -100.0% 0 $0 FAST Fastenal Co. COM Reduce -100.0% 0 $0 CSCO Cisco Systems Inc. COM Reduce -100.0% 0 $0 GILD Gilead Sciences Inc. COM Reduce -100.0% 0 $0 GWW WW Grainger Inc. COM Reduce -100.0% 0 $0 IT Gartner Inc. COM Reduce -100.0% 0 $0 PAYX Paychex Inc. COM Reduce -100.0% 0 $0 VRSK Verisk Analytics Inc. COM Reduce -100.0% 0 $0 CDNS Cadence Design SYS Inc. COM Reduce -100.0% 0 $0 SNPS Synopsys Inc. COM Reduce -100.0% 0 $0 FICO Fair Isaac Corp. COM Reduce -100.0% 0 $0 LULU Lululemon Athletica Inc. COM Reduce -100.0% 0 $0 GDX Vaneck Gold Miners ETF GOLD MINERS ETF Reduce -100.0% 0 $0 XP XP Inc. Class A CL A Reduce -100.0% 0 $0 LISTED FD TR OPPORTUNISTIC TR Reduce -100.0% 0 $0 TSM Taiwan Semiconductor-SP ADR SPONSORED ADS Reduce -100.0% 0 $0 LLY Eli Lilly & Co. COM Reduce -100.0% 0 $0 EXTOY Almacenes Exito SA-ADR SPON ADS Sold out 0 $0before exit BBD Banco Bradesco-ADR SP ADR PFD NEW Sold out 0 $0before exit BSBR Banco Santander Brasil-ADS ADS REP 1 UNIT Sold out 0 $0before exit AXIAY Axia Energia-ADR SPONSORED ADR Sold out 0 $0before exit CIG.C Cia Energetica DE-Spon ADR SPONSORED ADR Sold out 0 $0before exit CBDBY Cia Brasileira DE Dis- ADR SPONSORED ADR Sold out 0 $0before exit ELP Companhia Paranaense DE Ener SPON ADS Sold out 0 $0before exit ELPC Cia Paranaense DE Ener-ADR SPONSORED ADS Sold out 0 $0before exit EWZ iShares MSCI Brazil ETF MSCI BRAZIL ETF Sold out 0 $0before exit IWM iShares Russell 2000 ETF RUSSELL 2000 ETF 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