Filed: 11/14/2025ACC: 0001213900-25-110461
📋 What this filing means
TB CAPITAL GESTAO DE RECURSOS LTDA. filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $130.09M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$130.09M
Total AUM (reported)
2.76M
Total Shares
Allocation by class
COM$30.42M23.4%
COM CL A$29.20M22.4%
CL A$26.98M20.7%
SPONSORED ADS$23.07M17.7%
CLASS A COM$10.36M8.0%
ORD SHS CL A$5.60M4.3%
CAP STK CL C$2.39M1.8%
Portfolio Concentration
Top 3$52.41M40.3%
4–10$60.86M46.8%
11–25$16.82M12.9%
Top 3 weight
40.3%
Top 10 weight
87.1%
Voting Authority Distribution
Total shares with voting rights: 2.76M
Sole
Full voting authority
2.76M
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)
Sole17
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings17
Rows:
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares82.58K
TypeSH
Market value$23.07M
17.73%
Sole
82.58K
Shared
0.00
None
0.00
AIRBNB INC
SOLEShares134.23K
TypeSH
Market value$16.30M
12.53%
Sole
134.23K
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares2.42K
TypeSH
Market value$13.05M
10.03%
Sole
2.42K
Shared
0.00
None
0.00
APOLLO GLOBAL MGMT INC
SOLEShares95.25K
TypeSH
Market value$12.69M
9.76%
Sole
95.25K
Shared
0.00
None
0.00
DLOCAL LTD
SOLEShares725.71K
TypeSH
Market value$10.36M
7.97%
Sole
725.71K
Shared
0.00
None
0.00
COUPANG INC
SOLEShares290.39K
TypeSH
Market value$9.35M
7.19%
Sole
290.39K
Shared
0.00
None
0.00
STONECO LTD
SOLEShares485.76K
TypeSH
Market value$9.19M
7.06%
Sole
485.76K
Shared
0.00
None
0.00
XP INC
SOLEShares478.74K
TypeSH
Market value$9.00M
6.91%
Sole
478.74K
Shared
0.00
None
0.00
NU HLDGS LTD
SOLEShares350.03K
TypeSH
Market value$5.60M
4.31%
Sole
350.03K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares8.20K
TypeSH
Market value$4.67M
3.59%
Sole
8.20K
Shared
0.00
None
0.00
VISA INC
SOLEShares10.87K
TypeSH
Market value$3.71M
2.85%
Sole
10.87K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares3.60K
TypeSH
Market value$2.64M
2.03%
Sole
3.60K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares9.83K
TypeSH
Market value$2.39M
1.84%
Sole
9.83K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares4.60K
TypeSH
Market value$2.38M
1.83%
Sole
4.60K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares10.42K
TypeSH
Market value$2.29M
1.76%
Sole
10.42K
Shared
0.00
None
0.00
JD.COM INC
SOLEShares59.23K
TypeSH
Market value$2.07M
1.59%
Sole
59.23K
Shared
0.00
None
0.00
DOORDASH INC
SOLEShares4.87K
TypeSH
Market value$1.33M
1.02%
Sole
4.87K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 82.58K | SH | $23.07M 17.73% | 82.58K | 0.00 | 0.00 |
AIRBNB INCSOLE | COM CL A | 134.23K | SH | $16.30M 12.53% | 134.23K | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | COM | 2.42K | SH | $13.05M 10.03% | 2.42K | 0.00 | 0.00 |
APOLLO GLOBAL MGMT INCSOLE | COM | 95.25K | SH | $12.69M 9.76% | 95.25K | 0.00 | 0.00 |
DLOCAL LTDSOLE | CLASS A COM | 725.71K | SH | $10.36M 7.97% | 725.71K | 0.00 | 0.00 |
COUPANG INCSOLE | CL A | 290.39K | SH | $9.35M 7.19% | 290.39K | 0.00 | 0.00 |
STONECO LTDSOLE | COM CL A | 485.76K | SH | $9.19M 7.06% | 485.76K | 0.00 | 0.00 |
XP INCSOLE | CL A | 478.74K | SH | $9.00M 6.91% | 478.74K | 0.00 | 0.00 |
NU HLDGS LTDSOLE | ORD SHS CL A | 350.03K | SH | $5.60M 4.31% | 350.03K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 8.20K | SH | $4.67M 3.59% | 8.20K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 10.87K | SH | $3.71M 2.85% | 10.87K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 3.60K | SH | $2.64M 2.03% | 3.60K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 9.83K | SH | $2.39M 1.84% | 9.83K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 4.60K | SH | $2.38M 1.83% | 4.60K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 10.42K | SH | $2.29M 1.76% | 10.42K | 0.00 | 0.00 |
JD.COM INCSOLE | SPON ADS CL A | 59.23K | SH | $2.07M 1.59% | 59.23K | 0.00 | 0.00 |
DOORDASH INCSOLE | CL A | 4.87K | SH | $1.33M 1.02% | 4.87K | 0.00 | 0.00 |