Kapitalo Investimentos Ltda
Long book
$530.9M
Q1 2026
Positions
48
Top-10 weight
64%
concentration
Last quarter
+4.9%
SPY +14.8%
Turnover
62%
of book per quarter
Strategy in plain words
auto-generated from filingsKapitalo Investimentos Ltda is a quantitative fund whose holdings reflect models, not opinions, running a $530.9M US long book across 48 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AMAZON.COM INC, ISHARES CORE S&P 500 ETF, ELECTRONIC ARTS INC, NVIDIA CORP, VISTRA CORP.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.7%
Q2 2024
+10.4%
Q3 2024
-6.5%
Q4 2024
-1.6%
Q1 2025
+22.9%
Q2 2025
+8.8%
Q3 2025
+5.9%
Q4 2025
-6.5%
Q1 2026
+4.9%
Sector allocation
Technology 33%
Utilities 14%
Consumer discretionary 13%
Materials 12%
Industrials 9%
Financials 8%
Other 6%
Communications 3%
Long book by quarter
What does Kapitalo Investimentos own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 245.1K | $51.0M | 9.6% | -56.6% |
| EA ELECTRONIC ARTS INC | Technology | 213.2K | $43.5M | 8.2% | +122.0% |
| NVDA NVIDIA CORP | Technology | 229.4K | $40.0M | 7.5% | New |
| VST VISTRA CORP | Utilities | 217.8K | $32.7M | 6.2% | +107.5% |
| GTLS CHART INDUSTRIES INC | Industrials | 143.4K | $29.6M | 5.6% | New |
| ERO ERO COPPER CORP | Materials | 1.1M | $28.7M | 5.4% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 44.0K | $25.2M | 4.7% | -22.3% |
| HO1 HOLOGIC INC | — | 283.6K | $21.4M | 4.0% | New |
| AES AES CORP | Utilities | 1.4M | $19.9M | 3.8% | New |
| TECK TECK RESOURCES LTD-CLS B | Materials | 352.9K | $18.3M | 3.4% | +16.5% |
| MSFT MICROSOFT CORP | Technology | 38.8K | $14.3M | 2.7% | -45.7% |
| WBD WARNER BROS DISCOVERY INC | Communications | 432.9K | $11.9M | 2.2% | New |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 696.0K | $10.0M | 1.9% | New |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 450.3K | $6.9M | 1.3% | New |
| VICI Vici properties inc | Real estate | 77.1K | $6.2M | 1.2% | New |
| XP XP INC - CLASS A | Financials | 225.7K | $4.3M | 0.8% | Held |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 67.4K | $4.0M | 0.8% | New |
| WBS WEBSTER FINANCIAL CORP | Financials | 51.9K | $3.6M | 0.7% | New |
| EVEX EVE HOLDING INC | Industrials | 1.1M | $2.7M | 0.5% | Held |
| SLAB SILICON LABORATORIES INC | Technology | 6.9K | $1.4M | 0.3% | New |
| AAPL APPLE INC | Technology | 4.5K | $1.1M | 0.2% | New |
| DELL DELL TECHNOLOGIES -C | Technology | 6.2K | $1.0M | 0.2% | New |
| KVUE KENVUE INC | Other | 56.0K | $965K | 0.2% | -97.2% |
| ACLXGBX ARCELLX INC | — | 8.0K | $916K | 0.2% | New |
| BKNG BOOKING HOLDINGS INC | Industrials | 82 | $345K | 0.1% | New |
| V VISA INC-CLASS A SHARES | Services media | 1.1K | $323K | 0.1% | -90.0% |
| SPGI S&P GLOBAL INC | Services media | 745 | $317K | 0.1% | New |
| MA MASTERCARD INC - A | Services media | 625 | $312K | 0.1% | -89.9% |
| DIS WALT DISNEY CO/THE | Services media | 3.2K | $310K | 0.1% | -90.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 57 | $531.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 37 | $522.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 64 | $537.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 119 | $461.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 84 | $493.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 274 | $149.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 160 | $410.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 164 | $333.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 259 | $455.7M | canonical | SEC ↗ |
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