Q2 2026 13F · SEC CIK 2077092
TB Capital Gestao de Recursos Ltda.
Asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $182.7M
- Reported positions
- 19
- Holdings vs S&P 500, 3 yrs
- —
- Average holding period
- 1.1 yrs
TB Capital Gestao de Recursos Ltda. is an asset manager that reported 19 positions worth $182.7M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Booking Holdings Inc (BKNG, 12.4%), Airbnb Inc (ABNB, 10.1%), Nu Hldgs Ltd (NU, 9.2%).
TB Capital Gestao de Recursos Ltda. holdings all 19 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 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.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| BKNGBooking Holdings Inc | 12.4% | +2931.1% | $22.7M |
| ABNBAirbnb Inc | 10.1% | -32.7% | $18.5M |
| NUNu Hldgs Ltd | 9.2% | +43.2% | $16.8M |
| DLODlocal Ltd | 7.9% | +38.2% | $14.5M |
| SAPGFSap SE | 7.7% | +18.2% | $14.2M |
| CPNGCoupang Inc | 6.8% | +44.1% | $12.5M |
| APOApollo Global Management Inc | 6.3% | -16.6% | $11.6M |
| SPGIS&p Global Inc | 5.8% | — | $10.6M |
| VVisa Inc | 5.8% | +49.6% | $10.5M |
| MSFTMicrosoft Corp | 4.9% | -14.6% | $8.9M |
| MAMastercard Incorporated | 4.9% | +40.3% | $8.9M |
| METAMeta Platforms Inc | 4.0% | -4.0% | $7.4M |
| MELIMercadolibre Inc | 3.1% | — | $5.7M |
| TSMTaiwan Semiconductor Manufac | 2.9% | -40.8% | $5.3M |
| ADBEAdobe Inc | 2.6% | -1.8% | $4.8M |
| AMZNAmazon Com Inc | 2.6% | -4.5% | $4.7M |
| GOOGAlphabet Inc | 1.7% | -17.9% | $3.1M |
| SPOTSpotify Technology SA | 1.1% | — | $2.1M |
| GOOGLAlphabet Inc | 0.0% | — | $6K |
What TB Capital Gestao de Recursos Ltda. bought and sold in Q2 2026, against Q1 2026.
New positions
- SPGI S&p Global Inc5.8% of 13F
- MELI Mercadolibre Inc3.1% of 13F
- SPOT Spotify Technology SA1.1% of 13F
- GOOGL Alphabet Inc0.0% of 13F
Added to
- BKNG Booking Holdings Inc+2931.1% shares
- V Visa Inc+49.6% shares
- CPNG Coupang Inc+44.1% shares
- NU Nu Hldgs Ltd+43.2% shares
- MA Mastercard Incorporated+40.3% shares
- DLO Dlocal Ltd+38.2% shares
- SAPGF Sap SE+18.2% shares
Reduced
- TSM Taiwan Semiconductor Manufac-40.8% shares
- ABNB Airbnb Inc-32.7% shares
- GOOG Alphabet Inc-17.9% shares
- APO Apollo Global Management Inc-16.6% shares
- MSFT Microsoft Corp-14.6% shares
Sold out
- NVDA Nvidia Corporationwas 4.0%
- MELI Mercadolibre Incwas 3.7%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +14.2% /yr
- S&P 500 +20.1%
- 3 years
- —
- 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.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $182.7M | 19 |
| Q1 2026 | $163.5M | 17 |
| Q4 2025 | $167.7M | 15 |
| Q3 2025 | $130.1M | 17 |
| Q2 2025 | $115.3M | 18 |
Questions about TB Capital Gestao de Recursos Ltda.'s portfolio
What stocks does TB Capital Gestao de Recursos Ltda. own?
TB Capital Gestao de Recursos Ltda.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 19 positions worth $182.7M. The largest are Booking Holdings Inc (BKNG) at 12.4%, Airbnb Inc (ABNB) at 10.1%, Nu Hldgs Ltd (NU) at 9.2%, Dlocal Ltd (DLO) at 7.9% and Sap SE (SAPGF) at 7.7%.
What did TB Capital Gestao de Recursos Ltda. buy last quarter?
In Q2 2026, TB Capital Gestao de Recursos Ltda. added a new position in S&p Global Inc (SPGI), a new position in Mercadolibre Inc (MELI), a new position in Spotify Technology SA (SPOT), a new position in Alphabet Inc (GOOGL), Booking Holdings Inc (BKNG) (+2931.1% shares), Visa Inc (V) (+49.6% shares) and Coupang Inc (CPNG) (+44.1% shares), compared with its Q1 2026 filing.
What did TB Capital Gestao de Recursos Ltda. sell last quarter?
In Q2 2026, TB Capital Gestao de Recursos Ltda. sold all of Nvidia Corporation (NVDA), sold all of Mercadolibre Inc (MELI), Taiwan Semiconductor Manufac (TSM) (-40.8% shares), Airbnb Inc (ABNB) (-32.7% shares) and Alphabet Inc (GOOG) (-17.9% shares), compared with its Q1 2026 filing.
When is TB Capital Gestao de Recursos Ltda.'s next 13F filing due?
13F filings are due 45 days after each quarter ends. TB Capital Gestao de Recursos Ltda.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.