TB Capital Gestao de Recursos Ltda. Long-Term Concentrated

Name: TB Capital Gestao de Recursos Ltda. Q1 2026 13F Filing | 13F Explorer
Creator: TB Capital Gestao de Recursos Ltda.
Published: 2026-05-15

Location: RIO DE JANEIRO, D5

CIK: 0002077092 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $163M (100.0% shares, 0.0% debt)

Holdings (17)

New Positions (2)

SAP SAP SE 8.1%

Value $13.3M Shares 77,681 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 4.0%

Value $6.541M Shares 37,505 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	SAP SE	77,681	$13.3M	8.1%	—	—	SPON ADR	803054204
NVDA	NVIDIA CORPORATION	37,505	$6.541M	4.0%	—	—	COM	67066G104

Increased Positions (8)

BKNG BOOKING HOLDINGS INC 10.8%

Value $17.71M (+41.0%) Shares 4,207 (+79.3%) Est. Cost — Unrealized —

NU NU HLDGS LTD 7.7%

Value $12.61M (+52.7%) Shares 877,447 (+77.9%) Est. Cost — Unrealized —

APO APOLLO GLOBAL MGMT INC 8.0%

Value $13.08M (-11.2%) Shares 117,384 (+15.4%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 6.3%

Value $10.37M (+11.8%) Shares 28,006 (+46.1%) Est. Cost — Unrealized —

META META PLATFORMS INC 4.8%

Value $7.798M (+15.8%) Shares 13,630 (+33.6%) Est. Cost — Unrealized —

V VISA INC 3.8%

Value $6.202M (-5.7%) Shares 20,521 (+9.4%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 3.8%

Value $6.17M (-3.3%) Shares 12,349 (+10.5%) Est. Cost — Unrealized —

— MERCADOLIBRE INC 3.7%

Value $6.043M (+1.5%) Shares 3,495 (+18.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BKNG	BOOKING HOLDINGS INC	4,207 (+79.3%)	$17.71M (+41.0%)	10.8%	—	—	COM	09857L108
NU	NU HLDGS LTD	877,447 (+77.9%)	$12.61M (+52.7%)	7.7%	—	—	ORD SHS CL A	G6683N103
APO	APOLLO GLOBAL MGMT INC	117,384 (+15.4%)	$13.08M (-11.2%)	8.0%	—	—	COM	03769M106
MSFT	MICROSOFT CORP	28,006 (+46.1%)	$10.37M (+11.8%)	6.3%	—	—	COM	594918104
META	META PLATFORMS INC	13,630 (+33.6%)	$7.798M (+15.8%)	4.8%	—	—	CL A	30303M102
V	VISA INC	20,521 (+9.4%)	$6.202M (-5.7%)	3.8%	—	—	COM CL A	92826C839
MA	MASTERCARD INCORPORATED	12,349 (+10.5%)	$6.17M (-3.3%)	3.8%	—	—	CL A	57636Q104
—	MERCADOLIBRE INC	3,495 (+18.2%)	$6.043M (+1.5%)	3.7%	—	—	COM	58733RAG7

Decreased Positions (7)

TSM TAIWAN SEMICONDUCTOR MFG LTD 3.9%

Value $6.363M (-65.8%) Shares 18,829 (-69.3%) Est. Cost — Unrealized —

ABNB AIRBNB INC 14.9%

Value $24.32M (-20.0%) Shares 192,562 (-14.1%) Est. Cost — Unrealized —

ADBE ADOBE INC 3.5%

Value $5.757M (-44.8%) Shares 23,685 (-20.5%) Est. Cost — Unrealized —

CPNG COUPANG INC 5.7%

Value $9.395M (-29.2%) Shares 497,606 (-11.5%) Est. Cost — Unrealized —

GOOG ALPHABET INC 1.9%

Value $3.073M (-47.7%) Shares 10,712 (-42.8%) Est. Cost — Unrealized —

DLO DLOCAL LTD 6.4%

Value $10.44M (-20.1%) Shares 804,856 (-12.9%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 2.6%

Value $4.29M (-23.7%) Shares 20,598 (-15.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	18,829 (-69.3%)	$6.363M (-65.8%)	3.9%	—	—	SPONSORED ADS	874039100
ABNB	AIRBNB INC	192,562 (-14.1%)	$24.32M (-20.0%)	14.9%	—	—	COM CL A	009066101
ADBE	ADOBE INC	23,685 (-20.5%)	$5.757M (-44.8%)	3.5%	—	—	COM	00724F101
CPNG	COUPANG INC	497,606 (-11.5%)	$9.395M (-29.2%)	5.7%	—	—	CL A	22266T109
GOOG	ALPHABET INC	10,712 (-42.8%)	$3.073M (-47.7%)	1.9%	—	—	CAP STK CL C	02079K107
DLO	DLOCAL LTD	804,856 (-12.9%)	$10.44M (-20.1%)	6.4%	—	—	CLASS A COM	G29018101
AMZN	AMAZON COM INC	20,598 (-15.5%)	$4.29M (-23.7%)	2.6%	—	—	COM	023135106