TB Capital Gestao de Recursos Ltda. Long-Term Concentrated

Name: TB Capital Gestao de Recursos Ltda. Q2 2025 13F Filing | 13F Explorer
Creator: TB Capital Gestao de Recursos Ltda.
Published: 2025-08-14

Location: Rio De Janeiro, Brazil

CIK: 0002077092 · Show all filings

Period: Q2 2025 (Next →)

Filing Date: Aug 14, 2025

Total Value: $115M (100.0% shares, 0.0% debt)

Holdings (18)

TSM TAIWAN SEMICONDUCTOR MFG LTD 17.3%

Value $19.97M Shares 88,153 Est. Cost $226.49 Unrealized —

XP XP INC 16.0%

Value $18.48M Shares 914,777 Est. Cost $17.28 Unrealized 0.0%

ABNB AIRBNB INC 9.8%

Value $11.28M Shares 85,269 Est. Cost $126.67 Unrealized 0.0%

BKNG BOOKING HOLDINGS INC 9.7%

Value $11.18M Shares 1,931 Est. Cost $5094.53 Unrealized 0.0%

STNE STONECO LTD 9.5%

Value $10.97M Shares 683,854 Est. Cost $16.04 Unrealized —

APO APOLLO GLOBAL MGMT INC 8.0%

Value $9.254M Shares 65,228 Est. Cost $131.37 Unrealized 0.0%

DLO DLOCAL LTD 6.3%

Value $7.271M Shares 641,185 Est. Cost $9.58 Unrealized 0.0%

CPNG COUPANG INC 6.2%

Value $7.115M Shares 237,474 Est. Cost $25.62 Unrealized 0.0%

MA MASTERCARD INCORPORATED 3.9%

Value $4.469M Shares 7,953 Est. Cost $551.47 Unrealized 0.0%

V VISA INC 2.5%

Value $2.831M Shares 7,974 Est. Cost $346.99 Unrealized 0.0%

GOOG ALPHABET INC 2.0%

Value $2.317M Shares 13,064 Est. Cost $164.85 Unrealized 0.0%

MSFT MICROSOFT CORP 1.7%

Value $1.929M Shares 3,878 Est. Cost $432.38 Unrealized 0.0%

JD JD.COM INC 1.6%

Value $1.897M Shares 58,126 Est. Cost $32.64 Unrealized —

META META PLATFORMS INC 1.5%

Value $1.695M Shares 2,296 Est. Cost $616.61 Unrealized 0.0%

AMZN AMAZON COM INC 1.2%

Value $1.44M Shares 6,565 Est. Cost $197.89 Unrealized 0.0%

DASH DOORDASH INC 1.0%

Value $1.185M Shares 4,809 Est. Cost $200.58 Unrealized 0.0%

HIMS HIMS & HERS HEALTH INC 1.0%

Value $1.18M Shares 23,668 Est. Cost $45.20 Unrealized 0.0%

NU NU HLDGS LTD 0.7%

Value $818K Shares 59,651 Est. Cost $11.97 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	88,153	$19.97M	17.3%	$226.49	—	SPONSORED ADS	874039100
XP	XP INC	914,777	$18.48M	16.0%	$17.28	0.0%	CL A	G98239109
ABNB	AIRBNB INC	85,269	$11.28M	9.8%	$126.67	0.0%	COM CL A	009066101
BKNG	BOOKING HOLDINGS INC	1,931	$11.18M	9.7%	$5094.53	0.0%	COM	09857L108
STNE	STONECO LTD	683,854	$10.97M	9.5%	$16.04	—	COM CL A	G85158106
APO	APOLLO GLOBAL MGMT INC	65,228	$9.254M	8.0%	$131.37	0.0%	COM	03769M106
DLO	DLOCAL LTD	641,185	$7.271M	6.3%	$9.58	0.0%	CLASS A COM	G29018101
CPNG	COUPANG INC	237,474	$7.115M	6.2%	$25.62	0.0%	CL A	22266T109
MA	MASTERCARD INCORPORATED	7,953	$4.469M	3.9%	$551.47	0.0%	CL A	57636Q104
V	VISA INC	7,974	$2.831M	2.5%	$346.99	0.0%	COM CL A	92826C839
GOOG	ALPHABET INC	13,064	$2.317M	2.0%	$164.85	0.0%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	3,878	$1.929M	1.7%	$432.38	0.0%	COM	594918104
JD	JD.COM INC	58,126	$1.897M	1.6%	$32.64	—	SPON ADS CL A	47215P106
META	META PLATFORMS INC	2,296	$1.695M	1.5%	$616.61	0.0%	CL A	30303M102
AMZN	AMAZON COM INC	6,565	$1.44M	1.2%	$197.89	0.0%	COM	023135106
DASH	DOORDASH INC	4,809	$1.185M	1.0%	$200.58	0.0%	CL A	25809K105
HIMS	HIMS & HERS HEALTH INC	23,668	$1.18M	1.0%	$45.20	0.0%	COM CL A	433000106
NU	NU HLDGS LTD	59,651	$818K	0.7%	$11.97	0.0%	ORD SHS CL A	G6683N103