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 Share Price $226.49 Est. Cost/Share $226.49 Unrealized @ Report Date —

XP XP INC 16.0%

Value $18.48M Shares 914,777 Share Price $20.20 * Est. Cost/Share $17.28 Unrealized @ Report Date 0.0%

ABNB AIRBNB INC 9.8%

Value $11.28M Shares 85,269 Share Price $132.34 * Est. Cost/Share $126.67 Unrealized @ Report Date 0.0%

BKNG BOOKING HOLDINGS INC 9.7%

Value $11.18M Shares 1,931 Share Price $5789.24 * Est. Cost/Share $5094.53 Unrealized @ Report Date 0.0%

STNE STONECO LTD 9.5%

Value $10.97M Shares 683,854 Share Price $16.04 Est. Cost/Share $16.04 Unrealized @ Report Date —

APO APOLLO GLOBAL MGMT INC 8.0%

Value $9.254M Shares 65,228 Share Price $141.87 * Est. Cost/Share $131.37 Unrealized @ Report Date 0.0%

DLO DLOCAL LTD 6.3%

Value $7.271M Shares 641,185 Share Price $11.34 * Est. Cost/Share $9.58 Unrealized @ Report Date 0.0%

CPNG COUPANG INC 6.2%

Value $7.115M Shares 237,474 Share Price $29.96 * Est. Cost/Share $25.62 Unrealized @ Report Date 0.0%

MA MASTERCARD INCORPORATED 3.9%

Value $4.469M Shares 7,953 Share Price $561.94 Est. Cost/Share $551.47 Unrealized @ Report Date 0.0%

V VISA INC 2.5%

Value $2.831M Shares 7,974 Share Price $355.05 * Est. Cost/Share $346.99 Unrealized @ Report Date 0.0%

GOOG ALPHABET INC 2.0%

Value $2.317M Shares 13,064 Share Price $177.39 * Est. Cost/Share $164.85 Unrealized @ Report Date 0.0%

MSFT MICROSOFT CORP 1.7%

Value $1.929M Shares 3,878 Share Price $497.41 * Est. Cost/Share $432.38 Unrealized @ Report Date 0.0%

JD JD.COM INC 1.6%

Value $1.897M Shares 58,126 Share Price $32.64 Est. Cost/Share $32.64 Unrealized @ Report Date —

META META PLATFORMS INC 1.5%

Value $1.695M Shares 2,296 Share Price $738.09 * Est. Cost/Share $616.61 Unrealized @ Report Date 0.0%

AMZN AMAZON COM INC 1.2%

Value $1.44M Shares 6,565 Share Price $219.39 * Est. Cost/Share $197.89 Unrealized @ Report Date 0.0%

DASH DOORDASH INC 1.0%

Value $1.185M Shares 4,809 Share Price $246.51 * Est. Cost/Share $200.58 Unrealized @ Report Date 0.0%

HIMS HIMS & HERS HEALTH INC 1.0%

Value $1.18M Shares 23,668 Share Price $49.85 * Est. Cost/Share $45.20 Unrealized @ Report Date 0.0%

NU NU HLDGS LTD 0.7%

Value $818K Shares 59,651 Share Price $13.72 * Est. Cost/Share $11.97 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	88,153	$19.97M	17.3%	$226.49	$226.49	—	SPONSORED ADS	874039100
XP	XP INC	914,777	$18.48M	16.0%	$20.20 *	$17.28	0.0%	CL A	G98239109
ABNB	AIRBNB INC	85,269	$11.28M	9.8%	$132.34 *	$126.67	0.0%	COM CL A	009066101
BKNG	BOOKING HOLDINGS INC	1,931	$11.18M	9.7%	$5789.24 *	$5094.53	0.0%	COM	09857L108
STNE	STONECO LTD	683,854	$10.97M	9.5%	$16.04	$16.04	—	COM CL A	G85158106
APO	APOLLO GLOBAL MGMT INC	65,228	$9.254M	8.0%	$141.87 *	$131.37	0.0%	COM	03769M106
DLO	DLOCAL LTD	641,185	$7.271M	6.3%	$11.34 *	$9.58	0.0%	CLASS A COM	G29018101
CPNG	COUPANG INC	237,474	$7.115M	6.2%	$29.96 *	$25.62	0.0%	CL A	22266T109
MA	MASTERCARD INCORPORATED	7,953	$4.469M	3.9%	$561.94	$551.47	0.0%	CL A	57636Q104
V	VISA INC	7,974	$2.831M	2.5%	$355.05 *	$346.99	0.0%	COM CL A	92826C839
GOOG	ALPHABET INC	13,064	$2.317M	2.0%	$177.39 *	$164.85	0.0%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	3,878	$1.929M	1.7%	$497.41 *	$432.38	0.0%	COM	594918104
JD	JD.COM INC	58,126	$1.897M	1.6%	$32.64	$32.64	—	SPON ADS CL A	47215P106
META	META PLATFORMS INC	2,296	$1.695M	1.5%	$738.09 *	$616.61	0.0%	CL A	30303M102
AMZN	AMAZON COM INC	6,565	$1.44M	1.2%	$219.39 *	$197.89	0.0%	COM	023135106
DASH	DOORDASH INC	4,809	$1.185M	1.0%	$246.51 *	$200.58	0.0%	CL A	25809K105
HIMS	HIMS & HERS HEALTH INC	23,668	$1.18M	1.0%	$49.85 *	$45.20	0.0%	COM CL A	433000106
NU	NU HLDGS LTD	59,651	$818K	0.7%	$13.72 *	$11.97	0.0%	ORD SHS CL A	G6683N103