TB Capital Gestao de Recursos Ltda. Long-Term Concentrated

CIK: 0002077092 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $130,090 (100.0% shares, 0.0% debt)

Holdings (17)

TSM TAIWAN SEMICONDUCTOR MFG LTD 17.7%

Value ($000) $23,065 Shares 82,585 Est. Cost $226.49 Unrealized —

ABNB AIRBNB INC 12.5%

Value ($000) $16,298 Shares 134,226 Est. Cost $127.65 Unrealized +1.3%

BKNG BOOKING HOLDINGS INC 10.0%

Value ($000) $13,050 Shares 2,417 Est. Cost $5188.85 Unrealized +7.2%

APO APOLLO GLOBAL MGMT INC 9.8%

Value ($000) $12,694 Shares 95,253 Est. Cost $134.33 Unrealized +4.8%

DLO DLOCAL LTD 8.0%

Value ($000) $10,363 Shares 725,713 Est. Cost $9.94 Unrealized +27.9%

CPNG COUPANG INC 7.2%

Value ($000) $9,351 Shares 290,390 Est. Cost $26.46 Unrealized +14.2%

STNE STONECO LTD 7.1%

Value ($000) $9,186 Shares 485,757 Est. Cost $16.04 Unrealized —

XP XP INC 6.9%

Value ($000) $8,996 Shares 478,740 Est. Cost $17.28 Unrealized +3.8%

NU NU HLDGS LTD 4.3%

Value ($000) $5,604 Shares 350,034 Est. Cost $13.61 Unrealized +2.5%

MA MASTERCARD INCORPORATED 3.6%

Value ($000) $4,666 Shares 8,203 Est. Cost $552.14 Unrealized +3.9%

V VISA INC 2.9%

Value ($000) $3,712 Shares 10,874 Est. Cost $346.50 Unrealized -0.4%

META META PLATFORMS INC 2.0%

Value ($000) $2,643 Shares 3,599 Est. Cost $662.45 Unrealized +12.2%

GOOG ALPHABET INC 1.8%

Value ($000) $2,394 Shares 9,829 Est. Cost $164.85 Unrealized +27.3%

MSFT MICROSOFT CORP 1.8%

Value ($000) $2,384 Shares 4,602 Est. Cost $444.39 Unrealized +14.5%

AMZN AMAZON COM INC 1.8%

Value ($000) $2,288 Shares 10,421 Est. Cost $208.42 Unrealized +8.6%

JD JD.COM INC 1.6%

Value ($000) $2,072 Shares 59,235 Est. Cost $32.68 Unrealized —

DASH DOORDASH INC 1.0%

Value ($000) $1,325 Shares 4,873 Est. Cost $201.24 Unrealized +24.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	82,585	$23,065	17.7%	$226.49	—	SPONSORED ADS	874039100
ABNB	AIRBNB INC	134,226	$16,298	12.5%	$127.65	+1.3%	COM CL A	009066101
BKNG	BOOKING HOLDINGS INC	2,417	$13,050	10.0%	$5188.85	+7.2%	COM	09857L108
APO	APOLLO GLOBAL MGMT INC	95,253	$12,694	9.8%	$134.33	+4.8%	COM	03769M106
DLO	DLOCAL LTD	725,713	$10,363	8.0%	$9.94	+27.9%	CLASS A COM	G29018101
CPNG	COUPANG INC	290,390	$9,351	7.2%	$26.46	+14.2%	CL A	22266T109
STNE	STONECO LTD	485,757	$9,186	7.1%	$16.04	—	COM CL A	G85158106
XP	XP INC	478,740	$8,996	6.9%	$17.28	+3.8%	CL A	G98239109
NU	NU HLDGS LTD	350,034	$5,604	4.3%	$13.61	+2.5%	ORD SHS CL A	G6683N103
MA	MASTERCARD INCORPORATED	8,203	$4,666	3.6%	$552.14	+3.9%	CL A	57636Q104
V	VISA INC	10,874	$3,712	2.9%	$346.50	-0.4%	COM CL A	92826C839
META	META PLATFORMS INC	3,599	$2,643	2.0%	$662.45	+12.2%	CL A	30303M102
GOOG	ALPHABET INC	9,829	$2,394	1.8%	$164.85	+27.3%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	4,602	$2,384	1.8%	$444.39	+14.5%	COM	594918104
AMZN	AMAZON COM INC	10,421	$2,288	1.8%	$208.42	+8.6%	COM	023135106
JD	JD.COM INC	59,235	$2,072	1.6%	$32.68	—	SPON ADS CL A	47215P106
DASH	DOORDASH INC	4,873	$1,325	1.0%	$201.24	+24.6%	CL A	25809K105