Vinland Capital Management Gestora de Recursos LTDA. Q4 2025 Filing

Filed February 23, 2026

Portfolio Value

$139.1M

Holdings

17

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (17 positions)

#StockSharesValue% PortfolioType
1
TIPISHARES TR
607,000$67.0M48.16%Put
2
SPYSPDR S&P 500 ETF TR
111,600$62.4M44.88%Put
3
XPXP INC
430,200$5.9M4.25%Put
4
TIMBTIM S A
86,220$1.3M0.97%
5
ABEVAMBEV SA
400,000$932K0.67%
6
CENTRAIS ELETRICAS BRASILEIR
91,103$709K0.51%
7
NVDANVIDIA CORPORATION
4,000$433K0.31%
8
RIORIO TINTO PLC
3,200$192K0.14%
9
PJXPETROLEO BRASILEIRO SA PETRO
11,000$143K0.10%
10
CIG/CCIA ENERGETICA DE MINAS GERA
1,337$3K0.00%
11
BBDBANCO BRADESCO S A
680$1K0.00%
12
ITUBITAU UNIBANCO HLDG S A
0$00.00%Put
13
IBITISHARES BITCOIN TRUST ETF
0$00.00%Call
14
MLB1MERCADOLIBRE INC
0$00.00%
15
ASHRDBX ETF TR
0$00.00%Call
16
EWZISHARES INC
0$00.00%Put
17
AXIACENTRAIS ELETRICAS BRASILEIR
0$00.00%