TB Capital Gestao de Recursos Ltda. Long-Term Concentrated

Name: TB Capital Gestao de Recursos Ltda. Q3 2025 13F Filing | 13F Explorer
Creator: TB Capital Gestao de Recursos Ltda.
Published: 2025-11-14

Location: Rio De Janeiro, Brazil

CIK: 0002077092 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

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

Holdings (17)

TSM TAIWAN SEMICONDUCTOR MFG LTD 17.7%

Value $23.07M Shares 82,585 Share Price $279.29 Est. Cost/Share $226.49 Unrealized @ Report Date —

ABNB AIRBNB INC 12.5%

Value $16.3M Shares 134,226 Share Price $121.42 * Est. Cost/Share $127.65 Unrealized @ Report Date +1.3%

BKNG BOOKING HOLDINGS INC 10.0%

Value $13.05M Shares 2,417 Share Price $5399.27 * Est. Cost/Share $5188.85 Unrealized @ Report Date +7.2%

APO APOLLO GLOBAL MGMT INC 9.8%

Value $12.69M Shares 95,253 Share Price $133.27 * Est. Cost/Share $134.33 Unrealized @ Report Date +4.8%

DLO DLOCAL LTD 8.0%

Value $10.36M Shares 725,713 Share Price $14.28 * Est. Cost/Share $9.94 Unrealized @ Report Date +27.9%

CPNG COUPANG INC 7.2%

Value $9.351M Shares 290,390 Share Price $32.20 * Est. Cost/Share $26.46 Unrealized @ Report Date +14.2%

STNE STONECO LTD 7.1%

Value $9.186M Shares 485,757 Share Price $18.91 Est. Cost/Share $16.04 Unrealized @ Report Date —

XP XP INC 6.9%

Value $8.996M Shares 478,740 Share Price $18.79 * Est. Cost/Share $17.28 Unrealized @ Report Date +3.8%

NU NU HLDGS LTD 4.3%

Value $5.604M Shares 350,034 Share Price $16.01 * Est. Cost/Share $13.61 Unrealized @ Report Date +2.5%

MA MASTERCARD INCORPORATED 3.6%

Value $4.666M Shares 8,203 Share Price $568.81 Est. Cost/Share $552.14 Unrealized @ Report Date +3.9%

V VISA INC 2.9%

Value $3.712M Shares 10,874 Share Price $341.38 Est. Cost/Share $346.50 Unrealized @ Report Date -0.4%

META META PLATFORMS INC 2.0%

Value $2.643M Shares 3,599 Share Price $734.38 Est. Cost/Share $662.45 Unrealized @ Report Date +12.2%

GOOG ALPHABET INC 1.8%

Value $2.394M Shares 9,829 Share Price $243.55 * Est. Cost/Share $164.85 Unrealized @ Report Date +27.3%

MSFT MICROSOFT CORP 1.8%

Value $2.384M Shares 4,602 Share Price $517.95 Est. Cost/Share $444.39 Unrealized @ Report Date +14.5%

AMZN AMAZON COM INC 1.8%

Value $2.288M Shares 10,421 Share Price $219.57 * Est. Cost/Share $208.42 Unrealized @ Report Date +8.6%

JD JD.COM INC 1.6%

Value $2.072M Shares 59,235 Share Price $34.98 Est. Cost/Share $32.68 Unrealized @ Report Date —

DASH DOORDASH INC 1.0%

Value $1.325M Shares 4,873 Share Price $271.99 * Est. Cost/Share $201.24 Unrealized @ Report Date +24.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	82,585	$23.07M	17.7%	$279.29	$226.49	—	SPONSORED ADS	874039100
ABNB	AIRBNB INC	134,226	$16.3M	12.5%	$121.42 *	$127.65	+1.3%	COM CL A	009066101
BKNG	BOOKING HOLDINGS INC	2,417	$13.05M	10.0%	$5399.27 *	$5188.85	+7.2%	COM	09857L108
APO	APOLLO GLOBAL MGMT INC	95,253	$12.69M	9.8%	$133.27 *	$134.33	+4.8%	COM	03769M106
DLO	DLOCAL LTD	725,713	$10.36M	8.0%	$14.28 *	$9.94	+27.9%	CLASS A COM	G29018101
CPNG	COUPANG INC	290,390	$9.351M	7.2%	$32.20 *	$26.46	+14.2%	CL A	22266T109
STNE	STONECO LTD	485,757	$9.186M	7.1%	$18.91	$16.04	—	COM CL A	G85158106
XP	XP INC	478,740	$8.996M	6.9%	$18.79 *	$17.28	+3.8%	CL A	G98239109
NU	NU HLDGS LTD	350,034	$5.604M	4.3%	$16.01 *	$13.61	+2.5%	ORD SHS CL A	G6683N103
MA	MASTERCARD INCORPORATED	8,203	$4.666M	3.6%	$568.81	$552.14	+3.9%	CL A	57636Q104
V	VISA INC	10,874	$3.712M	2.9%	$341.38	$346.50	-0.4%	COM CL A	92826C839
META	META PLATFORMS INC	3,599	$2.643M	2.0%	$734.38	$662.45	+12.2%	CL A	30303M102
GOOG	ALPHABET INC	9,829	$2.394M	1.8%	$243.55 *	$164.85	+27.3%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	4,602	$2.384M	1.8%	$517.95	$444.39	+14.5%	COM	594918104
AMZN	AMAZON COM INC	10,421	$2.288M	1.8%	$219.57 *	$208.42	+8.6%	COM	023135106
JD	JD.COM INC	59,235	$2.072M	1.6%	$34.98	$32.68	—	SPON ADS CL A	47215P106
DASH	DOORDASH INC	4,873	$1.325M	1.0%	$271.99 *	$201.24	+24.6%	CL A	25809K105