AMS Capital Ltda

Fundamental concentrated ★Highest signal CIK 1717977
League rank
#928
in Fundamental concentrated · #7380 overall
Long book
$257.5M
Q1 2026
Positions
15
Top-10 weight
88%
concentration
Last quarter
-14.3%
SPY -4.4%
Turnover
19%
of book per quarter

Strategy in plain words

auto-generated from filings

AMS Capital Ltda is a concentrated fundamental stock-picker, running a $257.5M US long book across 15 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, NU HOLDINGS LTD/CAYMAN ISL-A, ALPHABET INC-CL A, AMAZON.COM INC, MERCADOLIBRE INC.

Over the last 8 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.7%
Q2 2024
+4.7%
Q3 2024
+2.8%
Q4 2024
-5.0%
Q1 2025
+22.0%
Q2 2025
+3.8%
Q3 2025
-2.8%
Q4 2025
-14.3%

Sector allocation

Technology
42%
Financials
22%
Services media
19%
Consumer discretionary
17%

Long book by quarter

$364.8M
Q1 2024
$478.2M
Q2 2024
$573.6M
Q3 2024
$198.9M
Q4 2024
$242.7M
Q1 2025
$264.8M
Q2 2025
$244.5M
Q3 2025
$258.5M
Q4 2025
$257.5M
Q1 2026

What does AMS Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials2.7M$38.4M14.9%+44.7%
GOOGL ALPHABET INC-CL ATechnology111.5K$32.7M12.7%+781.1%
AMZN AMAZON.COM INCConsumer discretionary97.6K$20.8M8.1%-37.6%
MELI MERCADOLIBRE INCServices media10.9K$18.9M7.4%-10.5%
META META PLATFORMS INC-CLASS ATechnology30.1K$17.2M6.7%-40.0%
V VISA INC-CLASS A SHARESServices media56.1K$17.0M6.6%+78.2%
CPNG COUPANG INCConsumer discretionary633.2K$12.0M4.6%-10.4%
MSFT MICROSOFT CORPTechnology27.6K$10.2M4.0%-61.9%
INTA INTAPP INCTechnology324.2K$8.3M3.2%+83.6%
NVDA NVIDIA CORPTechnology36.8K$6.4M2.5%+5.0%
MNDY MONDAY.COM LTDTechnology67.2K$4.6M1.8%+144.4%
CHYM CHIME FINANCIAL INC-CL AFinancials183.6K$3.4M1.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HR/ARESTATEMENTJun 17, 202615$257.5M $K fixed canonicalSEC ↗
Q1 202613F-HRApr 7, 202615$257K SEC ↗
Q4 202513F-HRJan 21, 202614$258.5M $K fixed canonicalSEC ↗
Q3 202513F-HRDec 10, 202513$244.5M $K fixed canonicalSEC ↗
Q2 202513F-HRAug 11, 202516$264.8M $K fixed canonicalSEC ↗
Q1 202513F-HRApr 10, 202516$242.7M $K fixed canonicalSEC ↗
Q4 202413F-HRJan 30, 202516$198.9M $K fixed canonicalSEC ↗
Q3 202413F-HROct 22, 202417$573.6M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 5, 202419$478.2M $K fixed canonicalSEC ↗
Q1 202413F-HRApr 23, 202419$364.8M $K fixed canonicalSEC ↗