TB Capital Gestao de Recursos Ltda.
Net buyer this quarter
$183M
19
+$18.2M
77.0%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 BKNG | $22.7M | 12.44% | 0.02% | +21.2% | Q2 2025 |
 ABNB | $18.5M | 10.15% | Not reported | -32.7% | Q2 2025 |
 NU | $16.8M | 9.19% | Not reported | +43.2% | Q2 2025 |
 DLO | $14.5M | 7.91% | 0.38% | +38.2% | Q2 2025 |
 SAP | $14.2M | 7.75% | 0.01% | +18.2% | Q1 2026 |
 CPNG | $12.5M | 6.82% | Not reported | +44.1% | Q2 2025 |
 APO | $11.6M | 6.34% | 0.02% | -16.6% | Q2 2025 |
 SPGI | $10.6M | 5.80% | 0.01% | New | Q2 2026 |
 V | $10.5M | 5.76% | 0.00% | +49.6% | Q2 2025 |
 MSFT | $8.92M | 4.88% | 0.00% | -14.6% | Q2 2025 |
 MA | $8.9M | 4.87% | 0.00% | +40.3% | Q2 2025 |
 META | $7.37M | 4.03% | Not reported | -4.0% | Q2 2025 |
 MELI | $5.7M | 3.12% | 0.01% | New | Q2 2026 |
 TSM | $5.32M | 2.91% | 0.00% | -40.9% | Q2 2025 |
 ADBE | $4.77M | 2.61% | 0.01% | -1.8% | Q4 2025 |
 AMZN | $4.69M | 2.57% | 0.00% | -4.5% | Q2 2025 |
 GOOG | $3.11M | 1.70% | Not reported | -17.9% | Q2 2025 |
 SPOT | $2.07M | 1.13% | 0.00% | New | Q2 2026 |
| GOOGL | $6.43K | 0.00% | 0.00% | New | Q2 2026 |
| Q1 2026 | |||||
| ABNB | $24.3M | 14.88% | Not reported | -14.1% | Q2 2025 |
| BKNG | $17.7M | 10.84% | 0.01% | +79.3% | Q2 2025 |
| SAP | $13.3M | 8.14% | 0.01% | New | Q1 2026 |
| APO | $13.1M | 8.00% | 0.02% | +15.4% | Q2 2025 |
| NU | $12.6M | 7.71% | Not reported | +77.9% | Q2 2025 |
| DLO | $10.4M | 6.39% | 0.27% | -12.9% | Q2 2025 |
| MSFT | $10.4M | 6.34% | 0.00% | +46.1% | Q2 2025 |
| CPNG | $9.39M | 5.75% | Not reported | -11.5% | Q2 2025 |
| META | $7.8M | 4.77% | Not reported | +33.6% | Q2 2025 |
 NVDA | $6.54M | 4.00% | 0.00% | New | Q1 2026 |
| TSM | $6.36M | 3.89% | 0.00% | -69.3% | Q2 2025 |
| V | $6.2M | 3.79% | 0.00% | +9.4% | Q2 2025 |
| MA | $6.17M | 3.77% | 0.00% | +10.5% | Q2 2025 |
| ADBE | $5.76M | 3.52% | 0.01% | -20.5% | Q4 2025 |
| AMZN | $4.29M | 2.62% | 0.00% | -15.5% | Q2 2025 |
| GOOG | $3.07M | 1.88% | Not reported | -42.8% | Q2 2025 |
| Q4 2025 | |||||
| ABNB | $30.4M | 18.13% | Not reported | +66.9% | Q2 2025 |
| TSM | $18.6M | 11.10% | 0.00% | -25.8% | Q2 2025 |
| APO | $14.7M | 8.78% | 0.02% | +6.8% | Q2 2025 |
| CPNG | $13.3M | 7.91% | Not reported | +93.6% | Q2 2025 |
| DLO | $13.1M | 7.79% | 0.31% | +27.3% | Q2 2025 |
| BKNG | $12.6M | 7.49% | 0.01% | -2.9% | Q2 2025 |
| ADBE | $10.4M | 6.21% | 0.01% | New | Q4 2025 |
| MSFT | $9.27M | 5.53% | 0.00% | +316.6% | Q2 2025 |
| NU | $8.26M | 4.92% | Not reported | +40.9% | Q2 2025 |
| META | $6.74M | 4.02% | Not reported | +183.6% | Q2 2025 |
| V | $6.58M | 3.92% | 0.00% | +72.5% | Q2 2025 |
| MA | $6.38M | 3.80% | 0.00% | +36.3% | Q2 2025 |
| GOOG | $5.87M | 3.50% | Not reported | +90.4% | Q2 2025 |
| AMZN | $5.62M | 3.35% | 0.00% | +133.8% | Q2 2025 |
| Q3 2025 | |||||
| TSM | $23.1M | 17.73% | 0.00% | -6.3% | Q2 2025 |
| ABNB | $16.3M | 12.53% | Not reported | +57.4% | Q2 2025 |
| BKNG | $13.1M | 10.03% | 0.01% | +25.2% | Q2 2025 |
| APO | $12.7M | 9.76% | 0.02% | +46.0% | Q2 2025 |
| DLO | $10.4M | 7.97% | 0.25% | +13.2% | Q2 2025 |
| CPNG | $9.35M | 7.19% | Not reported | +22.3% | Q2 2025 |
 STNE | $9.19M | 7.06% | Not reported | -29.0% | Q2 2025 |
 XP | $9M | 6.91% | Not reported | -47.7% | Q2 2025 |
| NU | $5.6M | 4.31% | Not reported | +486.8% | Q2 2025 |
| MA | $4.67M | 3.59% | 0.00% | +3.1% | Q2 2025 |
| V | $3.71M | 2.85% | 0.00% | +36.4% | Q2 2025 |
| META | $2.64M | 2.03% | Not reported | +56.8% | Q2 2025 |
| GOOG | $2.39M | 1.84% | Not reported | -24.8% | Q2 2025 |
| MSFT | $2.38M | 1.83% | 0.00% | +18.7% | Q2 2025 |
| AMZN | $2.29M | 1.76% | 0.00% | +58.7% | Q2 2025 |
 JD | $2.07M | 1.59% | 0.00% | +1.9% | Q2 2025 |
 DASH | $1.33M | 1.02% | Not reported | +1.3% | Q2 2025 |