Q3 2026 13F · SEC CIK 1798686

Kapitalo Investimentos Ltda

Investment managerFiled 2026-10-20 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $757.4M
Reported positions: 51
Top holdings a year, 3 yrs: +13.4%
Average holding period: 1.2 yrs

Kapitalo Investimentos Ltda is an investment manager that reported 51 positions worth $757.4M in its Q3 2026 13F, filed 2026-10-20. Its largest holdings were Ishares Tr (IVV, 16.7%), Taiwan Semiconductor Manufac (TSM, 11.7%), Warner Bros Discovery Inc (WBD, 10.7%). A portfolio copying its top holdings returned 13.4% a year over the last 3 years, against 15.9% for the S&P 500.

Kapitalo Investimentos Ltda holdings largest 50 of 51 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Kapitalo Investimentos Ltda 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
IVVIshares Tr	16.7%	12.3%	165,507	-20.6%	$126.8M
TSMTaiwan Semiconductor Manufac	11.7%	6.9%	193,644	+5.8%	$88.3M
WBDWarner Bros Discovery Inc	10.7%	1.8%	2,628,880	+201.4%	$81.4M
AMZNAmazon Com Inc	9.1%	8.6%	275,779	-39.9%	$68.7M
VSTVistra Corp	6.7%	2.8%	369,060	+61.7%	$51.1M
EWYIshares Inc	5.7%	—	237,050	—	$43.3M
EROEro Copper Corp	5.2%	2.3%	1,082,320	+0.5%	$39.7M
NVDANvidia Corporation	4.8%	5.8%	160,259	-56.8%	$36.6M
MUMicron Technology Inc	3.9%	0.1%	27,442	+2644.2%	$29.2M
TECKTeck Resources Ltd	3.8%	1.6%	436,487	+23.7%	$28.7M
SPYState Str Spdr S&p 500 ETF T	2.7%	11.8%	26,900	-86.6%	$20.5M
URAGlobal X Fds	1.8%	—	338,400	—	$13.5M
YPFYpf Sociedad Anonima	1.7%	0.9%	258,830	+0.5%	$13.0M
RIORio Tinto PLC	1.6%	1.0%	128,447	+0.5%	$12.1M
EMBJEmbraer SA ADR	1.5%	1.3%	149,888	-42.2%	$11.3M
JAAAJanus Detroit Str Tr	1.3%	—	191,640	—	$9.7M
SBSCompanhia de Saneamento Basico	1.1%	0.0%	1,552,893	+1506.4%	$8.2M
VALEVale S A	1.1%	0.9%	613,131	-20.0%	$8.2M
ECHIshares Inc	0.9%	0.6%	177,631	+0.0%	$6.7M
EFXEquifax Inc	0.8%	—	41,700	—	$5.7M
XPXp Inc	0.6%	0.3%	225,664	+0.0%	$4.7M
ROKURoku Inc	0.6%	—	29,656	—	$4.5M
STNEStoneco Ltd	0.6%	—	460,000	—	$4.3M
NSCNorfolk Southn Corporation	0.6%	—	13,688	—	$4.2M
SESea Ltd	0.6%	0.5%	43,312	-40.1%	$4.2M
LOMALoma Negra C I A S A Mtn 14	0.5%	0.3%	380,788	+0.6%	$3.5M
SUZSuzano S A	0.4%	1.0%	377,151	-77.9%	$3.2M
SPGIS&p Global Inc	0.4%	0.9%	7,744	-71.6%	$3.1M
FXIIshares Tr	0.4%	0.2%	78,086	+0.5%	$2.7M
SLABSilicon Laboratories Inc	0.3%	—	10,867	—	$2.4M
METAMeta Platforms Inc	0.3%	5.3%	3,223	-97.3%	$2.3M
EVEXEve Hldg Inc	0.3%	0.2%	1,105,116	+0.5%	$2.1M
VALValaris Ltd	0.2%	—	23,760	—	$1.9M
MSFTMicrosoft Corp	0.2%	0.9%	3,535	-87.9%	$1.8M
IMXIInternational Money Express	0.2%	—	155,722	—	$1.8M
VIVTelefonica Brasil SA	0.2%	0.1%	123,667	+0.0%	$1.4M
PBRPetroleo Brasileiro S A Sponsored ADR (b	0.2%	—	57,805	—	$1.2M
BKNGBooking Holdings Inc	0.1%	—	5,150	—	$839K
NFLXNetflix Inc.	0.1%	2.7%	10,800	-97.8%	$751K
AAPLApple Inc	0.1%	0.1%	1,897	-67.3%	$632K
EWZIshares Inc	0.1%	—	12,859	—	$479K
TSLXSixth Street Specialty Lendi	0.0%	0.0%	20,080	+0.0%	$362K
DISDisney Walt Co	0.0%	—	3,220	—	$338K
SNPSSynopsys Inc	0.0%	—	765	—	$333K
BABAAlibaba Group Hldg Ltd	0.0%	—	2,900	—	$312K
MLMMartin Marietta Matls Inc	0.0%	—	630	—	$302K
VMCVulcan Matls Co	0.0%	—	1,210	—	$296K
APPApplovin Corp	0.0%	—	900	—	$261K
UGPUltrapar Participacoes SA	0.0%	0.3%	23,814	-96.9%	$174K
GGBGerdau SA	0.0%	0.4%	18,806	-98.7%	$89K

What Kapitalo Investimentos Ltda bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

MU Micron Technology Inc+2644.2% shares
SBS Companhia de Saneamento Basico+1506.4% shares
WBD Warner Bros Discovery Inc+201.4% shares
VST Vistra Corp+61.7% shares
TECK Teck Resources Ltd+23.7% shares
TSM Taiwan Semiconductor Manufac+5.8% shares

Reduced

GGB Gerdau SA-98.7% shares
NFLX Netflix Inc.-97.8% shares
META Meta Platforms Inc-97.3% shares
UGP Ultrapar Participacoes SA-96.9% shares
MSFT Microsoft Corp-87.9% shares
SPY State Str Spdr S&p 500 ETF T-86.6% shares
SUZ Suzano S A-77.9% shares
SPGI S&p Global Inc-71.6% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +10.7% /yr; S&P 500 +11.7%
3 years: +13.4% /yr; S&P 500 +15.9%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$757.4M	51
Q2 2026	$1.3B	51
Q1 2026	$530.9M	48
Q4 2025	$522.4M	35
Q3 2025	$533.5M	58
Q2 2025	$458.6M	116
Q1 2025	$492.8M	82
Q4 2024	$149.5M	274
Q3 2024	$409.4M	155
Q2 2024	$333.1M	161
Q1 2024	$453.9M	256
Q4 2023	$484.6M	523

Questions about Kapitalo Investimentos Ltda's portfolio

What stocks does Kapitalo Investimentos Ltda own?

Kapitalo Investimentos Ltda's latest 13F, for Q3 2026 and filed Oct 20, 2026, lists 51 positions worth $757.4M. The largest are Ishares Tr (IVV) at 16.7%, Taiwan Semiconductor Manufac (TSM) at 11.7%, Warner Bros Discovery Inc (WBD) at 10.7%, Amazon Com Inc (AMZN) at 9.1% and Vistra Corp (VST) at 6.7%.

What did Kapitalo Investimentos Ltda buy last quarter?

In Q3 2026, Kapitalo Investimentos Ltda added Micron Technology Inc (MU) (+2644.2% shares), Companhia de Saneamento Basico (SBS) (+1506.4% shares) and Warner Bros Discovery Inc (WBD) (+201.4% shares), compared with its Q2 2026 filing.

What did Kapitalo Investimentos Ltda sell last quarter?

In Q3 2026, Kapitalo Investimentos Ltda cut from its top 50 Tesla Inc (TSLA), cut from its top 50 Spdr Series Trust (KRE), cut from its top 50 Electronic Arts Inc (EA), cut from its top 50 Palantir Technologies Inc (PLTR), cut from its top 50 Centrais Elet Bras SA (AXIAY), Gerdau SA (GGB) (-98.7% shares), Netflix Inc. (NFLX) (-97.8% shares) and Meta Platforms Inc (META) (-97.3% shares), compared with its Q2 2026 filing.

How has Kapitalo Investimentos Ltda's portfolio performed?

A portfolio copying Kapitalo Investimentos Ltda's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.4% a year over the last 3 years, against +15.9% for the S&P 500. Over 1 year: +10.7% against +11.7%.

When is Kapitalo Investimentos Ltda's next 13F filing due?

13F filings are due 45 days after each quarter ends. Kapitalo Investimentos Ltda's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.