SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. Hedge Fund

CIK: 0001577806 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $534,833 (100.0% shares, 0.0% debt)

Holdings (6)

New Positions (1)

MELI MercadoLibre, Inc. 33.8%

Value ($000) $180,590 Shares 89,656 Est. Cost $2100.46 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MELI	MercadoLibre, Inc.	89,656	$180,590	33.8%	$2100.46	0.0%	COM	58733R102

Increased Positions (2)

NU Nu Holdings Ltd. 9.6%

Value ($000) $51,255 (+553.3%) Shares 3,061,800 (+524.9%) Est. Cost $12.38 Unrealized +29.8%

INTR Inter & Co, Inc 9.9%

Value ($000) $53,029 (-2.6%) Shares 6,253,452 (+6.0%) Est. Cost $7.74 Unrealized +12.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NU	Nu Holdings Ltd.	3,061,800 (+524.9%)	$51,255 (+553.3%)	9.6%	$12.38	+29.8%	PUT	G6683N103
INTR	Inter & Co, Inc	6,253,452 (+6.0%)	$53,029 (-2.6%)	9.9%	$7.74	+12.9%	CLASS A COM	G4R20B107

Exited Positions (1)

Value ($000) $14,491 Shares 771,200 Est. Cost $24.06 Unrealized -26.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XP	XP Inc	771,200	$14,491	2.7%	$24.06	-26.8%	PUT	G98239109

Decreased Positions (3)

XP XP Inc 14.7%

Value ($000) $78,473 (-39.2%) Shares 4,793,735 (-30.2%) Est. Cost $24.06 Unrealized -26.8%

STNE StoneCo Ltd 3.4%

Value ($000) $18,402 (-67.9%) Shares 1,244,200 (-58.9%) Est. Cost $10.66 Unrealized —

NU Nu Holdings Ltd. 28.6%

Value ($000) $153,084 (-17.2%) Shares 9,144,786 (-20.9%) Est. Cost $12.38 Unrealized +29.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XP	XP Inc	4,793,735 (-30.2%)	$78,473 (-39.2%)	14.7%	$24.06	-26.8%	CL A	G98239109
STNE	StoneCo Ltd	1,244,200 (-58.9%)	$18,402 (-67.9%)	3.4%	$10.66	—	COM CL A	G85158106
NU	Nu Holdings Ltd.	9,144,786 (-20.9%)	$153,084 (-17.2%)	28.6%	$12.38	+29.8%	ORD SHS CL A	G6683N103