Filed: 11/14/2025ACC: 0000919574-25-006901
📋 What this filing means
NAMAN CAPITAL LTDA filed this quarterly 13F‑HR report disclosing 12 equity positions with a total reported market value of $356.30M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
12
Positions
$356.30M
Total AUM (reported)
15.95M
Total Shares
Allocation by class
TR UNIT$115.21M32.3%
S&P500 EQL WGT$93.28M26.2%
SP ADR REP COM$57.73M16.2%
MSCI EURZONE ETF$27.98M7.9%
CL B NEW$15.69M4.4%
COM$12.85M3.6%
CAP STK CL C$9.74M2.7%
Portfolio Concentration
Top 3$266.22M74.7%
4–10$85.59M24.0%
11–25$4.49M1.3%
Top 3 weight
74.7%
Top 10 weight
98.7%
Voting Authority Distribution
Total shares with voting rights: 15.95M
Sole
Full voting authority
15.95M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole5
Shared0
Other7
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings12
Rows:
SPDR S&P 500 ETF TR
SOLEShares172.94K
TypeSH
Market value$115.21M
32.34%
Sole
172.94K
Shared
0.00
None
0.00
INVESCO EXCHANGE TRADED FD T
DFNDShares491.70K
TypeSH
Market value$93.28M
26.18%
Sole
491.70K
Shared
0.00
None
0.00
ULTRAPAR PARTICIPACOES SA
DFNDShares14.08M
TypeSH
Market value$57.73M
16.20%
Sole
14.08M
Shared
0.00
None
0.00
ISHARES INC
DFNDShares451.75K
TypeSH
Market value$27.98M
7.85%
Sole
451.75K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares31.20K
TypeSH
Market value$15.69M
4.40%
Sole
31.20K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares24.80K
TypeSH
Market value$12.85M
3.61%
Sole
24.80K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares40K
TypeSH
Market value$9.74M
2.73%
Sole
40K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares34.20K
TypeSH
Market value$8.31M
2.33%
Sole
34.20K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares10.00
TypeSH
Market value$7.54M
2.12%
Sole
10.00
Shared
0.00
None
0.00
VISA INC
DFNDShares10.20K
TypeSH
Market value$3.48M
0.98%
Sole
10.20K
Shared
0.00
None
0.00
SUZANO S A
SOLEShares344.55K
TypeSH
Market value$3.24M
0.91%
Sole
344.55K
Shared
0.00
None
0.00
COSAN S A
SOLEShares271.94K
TypeSH
Market value$1.25M
0.35%
Sole
271.94K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 172.94K | SH | $115.21M 32.34% | 172.94K | 0.00 | 0.00 |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 491.70K | SH | $93.28M 26.18% | 491.70K | 0.00 | 0.00 |
ULTRAPAR PARTICIPACOES SADFND | SP ADR REP COM | 14.08M | SH | $57.73M 16.20% | 14.08M | 0.00 | 0.00 |
ISHARES INCDFND | MSCI EURZONE ETF | 451.75K | SH | $27.98M 7.85% | 451.75K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 31.20K | SH | $15.69M 4.40% | 31.20K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 24.80K | SH | $12.85M 3.61% | 24.80K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 40K | SH | $9.74M 2.73% | 40K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 34.20K | SH | $8.31M 2.33% | 34.20K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL A | 10.00 | SH | $7.54M 2.12% | 10.00 | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 10.20K | SH | $3.48M 0.98% | 10.20K | 0.00 | 0.00 |
SUZANO S ASOLE | SPON ADS | 344.55K | SH | $3.24M 0.91% | 344.55K | 0.00 | 0.00 |
COSAN S ASOLE | ADS | 271.94K | SH | $1.25M 0.35% | 271.94K | 0.00 | 0.00 |