Pangea Capital Gestao de Recursos Ltda.
Long book
$131.2M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
+7.0%
SPY +14.8%
Turnover
—
of book per quarter
Strategy in plain words
auto-generated from filingsPangea Capital Gestao de Recursos Ltda. is a diversified fundamental manager, specialised in financials (80% of the long book), running a $131.2M US long book across 7 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, AMAZON.COM INC, BERKSHIRE HATHAWAY INC-CL A, MERCADOLIBRE INC, META PLATFORMS INC-CLASS A.
Over the last 6 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. 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
Q1 2024
-2.0%
Q2 2024
+10.9%
Q3 2024
+0.6%
Q4 2024
+13.3%
Q1 2025
-5.2%
Q1 2026
+7.0%
Sector allocation
Financials 80%
Consumer discretionary 15%
Services media 2%
Technology 2%
Consumer staples 0%
Long book by quarter
What does Pangea Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 198.0K | $94.9M | 72.3% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 91.2K | $19.0M | 14.5% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 12 | $8.6M | 6.6% | Held |
| MELI MERCADOLIBRE INC | Services media | 1.8K | $3.1M | 2.4% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 5.0K | $2.9M | 2.2% | Held |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 2.0K | $300K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Jun 18, 2026 | 8 | $131.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Jul 2, 2026 | 6 | $119.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jul 2, 2026 | 4 | $130.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Jul 2, 2026 | 4 | $129.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 2, 2026 | 4 | $116.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jul 2, 2026 | 3 | $117.9M | canonical | SEC ↗ |