TB Capital Gestao de Recursos Ltda.

CIK: 0002077092SEC EDGAR →

Portfolio Value

$167.0B

Holdings

15

As of

Q4 2025

New Positions

0

Closed Positions

1

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

AIRBNB INC

224,060$30.0B
17.96%
2

TAIWAN SEMICONDUCTOR MFG LTD

61,251$18.0B
10.78%
3

APOLLO GLOBAL MGMT INC

101,757$14.0B
8.38%
4

DLOCAL LTD

923,768$13.0B
7.78%
5

COUPANG INC

562,173$13.0B
7.78%
6

BOOKING HOLDINGS INC

2,346$12.0B
7.19%
7

ADOBE INC

29,779$10.0B
5.99%
8

MICROSOFT CORP

19,171$9.0B
5.39%
9

NU HLDGS LTD

493,152$8.0B
4.79%
10

MASTERCARD INCORPORATED

11,180$6.0B
3.59%

Quarterly Changes

Top Buys

ABNB↑ Increased
$13.7B
ADBENEW
$10.0B
MSFT↑ Increased
$6.6B
CPNG↑ Increased
$3.6B

Top Sells

STNECLOSED
$9.2B
XPCLOSED
$9.0B
TSM↓ Decreased
$5.1B
JDCLOSED
$2.1B
DASHCLOSED
$1.3B

New Positions (2)

$10.0B · 30K shares
$5.0B · 3K shares

Closed Positions (4)

$9.2B · 486K shares
$9.0B · 479K shares
$2.1B · 59K shares
$1.3B · 5K shares

Sector Breakdown

Sector# HoldingsValue%
Consumer Cyclical4$60.0B37.5%
Technology4$50.0B31.3%
Financial Services4$34.0B21.3%
Communication Services2$11.0B6.9%
Unknown1$5.0B3.1%