Navi International - Administradora e Gestora de Recursos Financeiros Ltda.

Fundamental concentrated ★Signal CIK 2044610
League rank
#996
in Fundamental concentrated · #7420 overall
Long book
$222.3M
Q1 2026
Positions
14
Top-10 weight
99%
concentration
Last quarter
-7.0%
SPY +14.8%
Turnover
37%
of book per quarter

Strategy in plain words

auto-generated from filings

Navi International - Administradora e Gestora de Recursos Financeiros Ltda. is a concentrated fundamental stock-picker, running a $222.3M US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NU HOLDINGS LTD/CAYMAN ISL-A, MERCADOLIBRE INC, XP INC - CLASS A, STONECO LTD-A, PETROLEO BRASIL-SP PREF ADR.

We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2025
+2.7%
Q1 2026
-7.0%

Sector allocation

Financials
57%
Services media
28%
Technology
15%

Long book by quarter

$158.1M
Q4 2025
$222.3M
Q1 2026

What does Navi International own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials4.0M$57.6M25.9%+638.9%
MELI MERCADOLIBRE INCServices media30.3K$52.4M23.6%-13.9%
XP XP INC - CLASS AFinancials2.7M$51.0M22.9%+354.5%
STNE STONECO LTD-ATechnology2.0M$28.8M13.0%+76.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202614$222.3M canonicalSEC ↗
Q4 202513F-HRMay 15, 202620$204.9M canonicalSEC ↗

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