Naman Capital Ltda
Long book
$359.8M
Q1 2026
Positions
13
Top-10 weight
97%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsNaman Capital Ltda is a wealth-management firm allocating client money, running a $359.8M US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, INVESCO S&P 500 EQUAL WEIGHT, ULTRAPAR PARTICPAC-SPON ADR, ISHARES MSCI EUROZONE ETF, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.3%
Q2 2024
+3.6%
Q3 2024
-4.9%
Q4 2024
+2.3%
Q1 2025
+6.9%
Q2 2025
+9.7%
Q3 2025
+1.5%
Q4 2025
+3.5%
Q1 2026
+10.3%
Sector allocation
Technology 49%
Financials 34%
Services media 17%
Long book by quarter
What does Naman Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 23.2K | $11.1M | 3.1% | -25.7% |
| GOOGL ALPHABET INC-CL A | Technology | 34.2K | $9.8M | 2.7% | Held |
| V VISA INC-CLASS A SHARES | Services media | 30.2K | $9.1M | 2.5% | +196.2% |
| GOOG ALPHABET INC-CL C | Technology | 30.8K | $8.8M | 2.5% | Held |
| MSFT MICROSOFT CORP | Technology | 20.7K | $7.7M | 2.1% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 10 | $7.2M | 2.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 19 | $359.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Feb 27, 2026 | 17 | $355.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 17 | $355.5M | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 17 | $356.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 18 | $307.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 17 | $254.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 16 | $167.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $261.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 14 | $235.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 12 | $256.4M | canonical | SEC ↗ |