Naman Capital Ltda Concentrated Active

Location: Sao Paulo, Brazil

CIK: 0001946136 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $323M (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (1)

SMH VANECK ETF TRUST 3.4%

Value $11.06M Shares 16,857 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SMH	VANECK ETF TRUST	16,857	$11.06M	3.4%	—	—	SEMICONDUCTR ETF	92189F676

Increased Positions (1)

SPY STATE STR SPDR S&P 500 ETF T 57.2%

Value $185M (+55.8%) Shares 247,568 (+35.7%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	247,568 (+35.7%)	$185M (+55.8%)	57.2%	—	—	TR UNIT	78462F103

Exited Positions (3)

RSP INVESCO EXCHANGE TRADED FD T 25.4%

Value $82.14M Shares 427,975 Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 3.4%

Value $11.11M Shares 23,177 Est. Cost — Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 2.2%

Value $7.181M Shares 10 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	427,975	$82.14M	25.4%	—	—	—	46137V357
BRK/B	BERKSHIRE HATHAWAY INC DEL	23,177	$11.11M	3.4%	—	—	—	084670702
BRK/A	BERKSHIRE HATHAWAY INC DEL	10	$7.181M	2.2%	—	—	—	084670108

Decreased Positions (1)

UGP ULTRAPAR PARTICIPACOES SA 11.4%

Value $36.8M (-42.2%) Shares 7,330,544 (-42.4%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UGP	ULTRAPAR PARTICIPACOES SA	7,330,544 (-42.4%)	$36.8M (-42.2%)	11.4%	—	—	SP ADR REP COM	90400P101

Unchanged Positions (8)

EWY ISHARES INC 4.4%

Value $14.34M Shares 71,018 Est. Cost — Unrealized —

EZU ISHARES INC 9.7%

Value $31.38M Shares 451,750 Est. Cost — Unrealized —

GOOGL ALPHABET INC 3.8%

Value $12.22M Shares 34,200 Est. Cost — Unrealized —

GOOG ALPHABET INC 3.4%

Value $10.87M Shares 30,760 Est. Cost — Unrealized —

V VISA INC 3.2%

Value $10.37M Shares 30,212 Est. Cost — Unrealized —

SUZ SUZANO S A 0.8%

Value $2.674M Shares 344,547 Est. Cost — Unrealized —

CSAN COSAN S A 0.2%

Value $783K Shares 271,941 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 2.4%

Value $7.712M Shares 20,675 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWY	ISHARES INC	71,018	$14.34M	4.4%	—	—	MSCI STH KOR ETF	464286772
EZU	ISHARES INC	451,750	$31.38M	9.7%	—	—	MSCI EURZONE ETF	464286608
GOOGL	ALPHABET INC	34,200	$12.22M	3.8%	—	—	CAP STK CL A	02079K305
GOOG	ALPHABET INC	30,760	$10.87M	3.4%	—	—	CAP STK CL C	02079K107
V	VISA INC	30,212	$10.37M	3.2%	—	—	COM CL A	92826C839
SUZ	SUZANO S A	344,547	$2.674M	0.8%	—	—	SPON ADS	86959K105
CSAN	COSAN S A	271,941	$783K	0.2%	—	—	ADS	22113B103
MSFT	MICROSOFT CORP	20,675	$7.712M	2.4%	—	—	COM	594918104