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 Com (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 Com | 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 Mgmt Inc Nclass | 6.3% | -16.6% | $11.6M |
| SPGIS&P Global Inc. | 5.8% | — | $10.6M |
| VVisa Inc Com Cl A | 5.8% | +49.6% | $10.5M |
| MSFTMicrosoft Corp | 4.9% | -14.6% | $8.9M |
| MAMastercard Inc. | 4.9% | +40.3% | $8.9M |
| METAMeta Platforms Inc Class A | 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 Com | 2.6% | -4.5% | $4.7M |
| GOOGAlphabet Inc | 1.7% | -17.9% | $3.1M |
| SPOTSpotify Technology S A | 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 Inc.5.8% of 13F
- MELI Mercadolibre Inc3.1% of 13F
- SPOT Spotify Technology S A1.1% of 13F
- GOOGL Alphabet Inc0.0% of 13F
Added to
- BKNG Booking Holdings Inc Com+2931.1% shares
- V Visa Inc Com Cl A+49.6% shares
- CPNG Coupang Inc+44.1% shares
- NU Nu Hldgs Ltd+43.2% shares
- MA Mastercard Inc.+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 Mgmt Inc Nclass-16.6% shares
- MSFT Microsoft Corp-14.6% shares
Sold out
- NVDA Nvidia Corporation Comwas 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 and rebuilt each quarter on the day the filing became public. 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 Com (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 S A (SPOT), a new position in Alphabet Inc (GOOGL), Booking Holdings Inc Com (BKNG) (+2931.1% shares), Visa Inc Com Cl A (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 Com (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.