TB Capital Gestao de Recursos Ltda. Long-Term Concentrated

Name: TB Capital Gestao de Recursos Ltda. Q4 2025 13F Filing | 13F Explorer
Creator: TB Capital Gestao de Recursos Ltda.
Published: 2026-02-17

Location: Rio De Janeiro, Brazil

CIK: 0002077092 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $168M (100.0% shares, 0.0% debt)

Holdings (15)

ABNB AIRBNB INC 18.1%

Value $30.41M Shares 224,060 Share Price $135.72 * Est. Cost/Share $126.40 Unrealized @ Report Date -1.5%

TSM TAIWAN SEMICONDUCTOR MFG LTD 11.1%

Value $18.61M Shares 61,251 Share Price $303.89 Est. Cost/Share $226.49 Unrealized @ Report Date —

APO APOLLO GLOBAL MGMT INC 8.8%

Value $14.73M Shares 101,757 Share Price $144.76 * Est. Cost/Share $134.21 Unrealized @ Report Date -1.2%

CPNG COUPANG INC 7.9%

Value $13.26M Shares 562,173 Share Price $23.59 * Est. Cost/Share $27.42 Unrealized @ Report Date +3.7%

DLO DLOCAL LTD 7.8%

Value $13.06M Shares 923,768 Share Price $14.14 Est. Cost/Share $10.83 Unrealized @ Report Date +30.2%

BKNG BOOKING HOLDINGS INC 7.5%

Value $12.56M Shares 2,346 Share Price $5355.33 * Est. Cost/Share $5188.85 Unrealized @ Report Date -1.0%

ADBE ADOBE INC 6.2%

Value $10.42M Shares 29,779 Share Price $349.99 * Est. Cost/Share $340.09 Unrealized @ Report Date 0.0%

MSFT MICROSOFT CORP 5.5%

Value $9.271M Shares 19,171 Share Price $483.62 * Est. Cost/Share $487.09 Unrealized @ Report Date +2.8%

NU NU HLDGS LTD 4.9%

Value $8.255M Shares 493,152 Share Price $16.74 * Est. Cost/Share $14.33 Unrealized @ Report Date +12.2%

META META PLATFORMS INC 4.0%

Value $6.736M Shares 10,205 Share Price $660.09 Est. Cost/Share $665.61 Unrealized @ Report Date +0.3%

V VISA INC 3.9%

Value $6.58M Shares 18,761 Share Price $350.71 * Est. Cost/Share $343.93 Unrealized @ Report Date -1.0%

MA MASTERCARD INCORPORATED 3.8%

Value $6.382M Shares 11,180 Share Price $570.88 * Est. Cost/Share $553.95 Unrealized @ Report Date +0.9%

— MERCADOLIBRE INC 3.6%

Value $5.956M Shares 2,957 Share Price $2014.26 Est. Cost/Share $2014.26 Unrealized @ Report Date —

GOOG ALPHABET INC 3.5%

Value $5.872M Shares 18,714 Share Price $313.80 * Est. Cost/Share $222.53 Unrealized @ Report Date +28.7%

AMZN AMAZON COM INC 3.4%

Value $5.624M Shares 24,365 Share Price $230.82 Est. Cost/Share $220.08 Unrealized @ Report Date +4.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ABNB	AIRBNB INC	224,060	$30.41M	18.1%	$135.72 *	$126.40	-1.5%	COM CL A	009066101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	61,251	$18.61M	11.1%	$303.89	$226.49	—	SPONSORED ADS	874039100
APO	APOLLO GLOBAL MGMT INC	101,757	$14.73M	8.8%	$144.76 *	$134.21	-1.2%	COM	03769M106
CPNG	COUPANG INC	562,173	$13.26M	7.9%	$23.59 *	$27.42	+3.7%	CL A	22266T109
DLO	DLOCAL LTD	923,768	$13.06M	7.8%	$14.14	$10.83	+30.2%	CLASS A COM	G29018101
BKNG	BOOKING HOLDINGS INC	2,346	$12.56M	7.5%	$5355.33 *	$5188.85	-1.0%	COM	09857L108
ADBE	ADOBE INC	29,779	$10.42M	6.2%	$349.99 *	$340.09	0.0%	COM	00724F101
MSFT	MICROSOFT CORP	19,171	$9.271M	5.5%	$483.62 *	$487.09	+2.8%	COM	594918104
NU	NU HLDGS LTD	493,152	$8.255M	4.9%	$16.74 *	$14.33	+12.2%	ORD SHS CL A	G6683N103
META	META PLATFORMS INC	10,205	$6.736M	4.0%	$660.09	$665.61	+0.3%	CL A	30303M102
V	VISA INC	18,761	$6.58M	3.9%	$350.71 *	$343.93	-1.0%	COM CL A	92826C839
MA	MASTERCARD INCORPORATED	11,180	$6.382M	3.8%	$570.88 *	$553.95	+0.9%	CL A	57636Q104
—	MERCADOLIBRE INC	2,957	$5.956M	3.6%	$2014.26	$2014.26	—	COM	58733RAG7
GOOG	ALPHABET INC	18,714	$5.872M	3.5%	$313.80 *	$222.53	+28.7%	CAP STK CL C	02079K107
AMZN	AMAZON COM INC	24,365	$5.624M	3.4%	$230.82	$220.08	+4.0%	COM	023135106