Milestones Administradora de Recursos Ltda.
Long book
$383.1M
Q1 2026
Positions
17
Top-10 weight
93%
concentration
Last quarter
+18.8%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsMilestones Administradora de Recursos Ltda. is a concentrated fundamental stock-picker, running a $383.1M US long book across 17 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: MICROSOFT CORP, LINDE PLC, GENERAL ELECTRIC, NU HOLDINGS LTD/CAYMAN ISL-A, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 5 of 9 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
+5.3%
Q2 2024
-0.8%
Q3 2024
+1.3%
Q4 2024
-7.3%
Q1 2025
+16.7%
Q2 2025
+9.4%
Q3 2025
+4.4%
Q4 2025
-7.7%
Q1 2026
+18.8%
Sector allocation
Technology 37%
Materials 15%
Industrials 14%
Services media 12%
Financials 12%
Consumer discretionary 10%
Other 1%
Long book by quarter
What does Milestones Administradora own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 179.4K | $66.4M | 17.3% | +104.6% |
| LIN LINDE PLC | Materials | 100.6K | $49.9M | 13.0% | +134.7% |
| GE GENERAL ELECTRIC | Industrials | 164.3K | $46.6M | 12.2% | +37.4% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 2.8M | $40.3M | 10.5% | +50.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 167.5K | $34.9M | 9.1% | -18.1% |
| GOOGL ALPHABET INC-CL A | Technology | 117.7K | $33.8M | 8.8% | +49.7% |
| V VISA INC-CLASS A SHARES | Services media | 67.6K | $20.4M | 5.3% | +124.8% |
| DHR DANAHER CORP | Technology | 70.3K | $13.3M | 3.5% | +62.2% |
| MELI MERCADOLIBRE INC | Services media | 7.2K | $12.4M | 3.2% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 51.3K | $10.4M | 2.7% | +15.6% |
| MCO MOODY'S CORP | Services media | 16.0K | $7.0M | 1.8% | +151.1% |
| SPGI S&P GLOBAL INC | Services media | 6.4K | $2.7M | 0.7% | Held |
| NOW SERVICENOW INC | Technology | 23.0K | $2.4M | 0.6% | New |
| WALD WALDENCAST PLC-A | Other | 2.4M | $2.3M | 0.6% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.1K | $997K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 17 | $383.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 18 | $302.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 18 | $285.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 19 | $292.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 22 | $195.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 22 | $196.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 29 | $251.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 28 | $237.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 20, 2024 | 20 | $186.2M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP