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TCGDR

TB Capital Gestao de Recursos Portfolio holdings

AUM $163M
1-Year Est. Return 20.86%
This Fund
S&P 500
This Quarter Est. Return
+6.84%
1 Year Est. Return
+20.86%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$130M
AUM Growth
+$14.8M
Cap. Flow
+$9.24M
Cap. Flow %
7.11%
Top 10 Hldgs %
87.07%
Holding
18
New
–
Increased
13
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
ABNB icon
Airbnb
ABNB
+$6.33M
2
APO icon
Apollo Global Management
APO
+$4.25M
3
NU icon
Nu Holdings
NU
+$4.05M
4
BKNG icon
Booking.com
BKNG
+$2.71M
5
CPNG icon
Coupang
CPNG
+$1.6M

Top Sells

Rank Stock Value
1
XP icon
XP
XP
+$7.82M
2
STNE icon
StoneCo
STNE
+$3.15M
3
TSM icon
TSMC
TSM
+$1.36M
4
HIMS icon
Hims & Hers Health
HIMS
+$1.18M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$680K

Sector Composition

Rank Sector Weight
1 Technology 34.59%
2 Consumer Discretionary 34.12%
3 Financials 27.42%
4 Communication Services 3.87%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.11T
$23.1M 17.73%
82,585
-5,568
-6% -$1.36M
ABNB icon
2
Airbnb
ABNB
$89.4B
$16.3M 12.53%
134,226
+48,957
+57% +$6.33M
BKNG icon
3
Booking.com
BKNG
$149B
$13.1M 10.03%
60,425
+12,150
+25% +$2.71M
APO icon
4
Apollo Global Management
APO
$74.6B
$12.7M 9.76%
95,253
+30,025
+46% +$4.25M
DLO icon
5
dLocal
DLO
$4.51B
$10.4M 7.97%
725,713
+84,528
+13% +$1.07M
CPNG icon
6
Coupang
CPNG
$29.5B
$9.35M 7.19%
290,390
+52,916
+22% +$1.6M
STNE icon
7
StoneCo
STNE
$2.76B
$9.19M 7.06%
485,757
-198,097
-29% -$3.15M
XP icon
8
XP
XP
$8.8B
$9M 6.91%
478,740
-436,037
-48% -$7.82M
NU icon
9
Nu Holdings
NU
$69.8B
$5.6M 4.31%
350,034
+290,383
+487% +$4.05M
MA icon
10
Mastercard
MA
$500B
$4.67M 3.59%
8,203
+250
+3% +$144K
V icon
11
Visa
V
$683B
$3.71M 2.85%
10,874
+2,900
+36% +$1M
META icon
12
Meta Platforms (Facebook)
META
$1.5T
$2.64M 2.03%
3,599
+1,303
+57% +$970K
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.56T
$2.39M 1.84%
9,829
-3,235
-25% -$680K
MSFT icon
14
Microsoft
MSFT
$3.62T
$2.38M 1.83%
4,602
+724
+19% +$369K
AMZN icon
15
Amazon
AMZN
$3.06T
$2.29M 1.76%
10,421
+3,856
+59% +$873K
JD icon
16
JD.com
JD
$44.6B
$2.07M 1.59%
59,235
+1,109
+2% +$36.1K
DASH icon
17
DoorDash
DASH
$87.4B
$1.33M 1.02%
4,873
+64
+1% +$16.1K
HIMS icon
18
Hims & Hers Health
HIMS
$7.13B
– –
-23,668
Closed -$1.18M

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PWAM
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ACM
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CWR
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OFM
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PFS
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PCR
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TB Capital Gestao de Recursos's Q3 2025 Portfolio in Review

As of Q3 2025, TB Capital Gestao de Recursos held 18 positions worth $130M, up 13% from $115M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

TB Capital Gestao de Recursos deployed $9.24M of net new capital in Q3 2025, adding to 13 existing holdings.

By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was XP, an estimated $7.82M trimmed.

  • TB Capital Gestao de Recursos added most to Airbnb in Q3 2025, an estimated $6.33M increase.
  • TB Capital Gestao de Recursos's biggest Q3 2025 reduction was XP, cutting an estimated $7.82M.
  • TB Capital Gestao de Recursos fully exited Hims & Hers Health in Q3 2025, selling an estimated $1.18M.
  • TB Capital Gestao de Recursos's ten largest holdings make up 87% of its $130M portfolio in Q3 2025.
  • TB Capital Gestao de Recursos opened 0 new positions and closed 1 in Q3 2025.
  • TB Capital Gestao de Recursos's portfolio value rose 13% quarter-over-quarter to $130M.

Based on TB Capital Gestao de Recursos's 13F filing for Q3 2025, filed 14 Nov 2025.