PRAGMA GESTAO DE PATRIMONIO LTD
Long book
$189.3M
Q1 2026
Positions
18
Top-10 weight
90%
concentration
Last quarter
+16.9%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsPRAGMA GESTAO DE PATRIMONIO LTD is an institutional manager, running a $189.3M US long book across 18 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: ISHARES MSCI ALL COUNTRY ASI, AMAZON.COM INC, MICROSOFT CORP, TRANSDIGM GROUP INC, DANAHER CORP.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 4 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
-7.7%
Q2 2024
+5.2%
Q3 2024
-3.7%
Q4 2024
-2.6%
Q1 2025
+11.7%
Q2 2025
+7.7%
Q3 2025
+3.1%
Q4 2025
-8.5%
Q1 2026
+16.9%
Sector allocation
Technology 33%
Consumer discretionary 22%
Industrials 20%
Services media 19%
Financials 6%
Materials 1%
Long book by quarter
What does PRAGMA GESTAO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 88.8K | $18.5M | 9.8% | +4.1% |
| MSFT MICROSOFT CORP | Technology | 43.8K | $16.2M | 8.6% | -35.6% |
| TDG TRANSDIGM GROUP INC | Industrials | 8.1K | $9.4M | 5.0% | -25.0% |
| DHR DANAHER CORP | Technology | 48.5K | $9.2M | 4.9% | -20.0% |
| GE GENERAL ELECTRIC | Industrials | 31.3K | $8.9M | 4.7% | -20.2% |
| V VISA INC-CLASS A SHARES | Services media | 24.6K | $7.4M | 3.9% | +23.0% |
| GOOG ALPHABET INC-CL C | Technology | 25.5K | $7.3M | 3.9% | -51.7% |
| MCO MOODY'S CORP | Services media | 15.8K | $6.9M | 3.6% | -28.2% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 21.2K | $4.4M | 2.3% | -21.8% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 36.2K | $4.3M | 2.3% | -29.6% |
| MELI MERCADOLIBRE INC | Services media | 1.6K | $2.8M | 1.5% | -50.0% |
| MA MASTERCARD INC - A | Services media | 4.0K | $2.0M | 1.1% | -68.4% |
| ALV AUTOLIV INC | Industrials | 17.7K | $1.9M | 1.0% | +52.6% |
| CDNS CADENCE DESIGN SYS INC | Technology | 5.7K | $1.6M | 0.8% | -26.9% |
| AON AON PLC-CLASS A | Financials | 4.9K | $1.6M | 0.8% | New |
| LIN LINDE PLC | Materials | 1.4K | $694K | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 18 | $189.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 306 | $234.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 20 | $232.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 20 | $228.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 20 | $186.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 16 | $181.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 19 | $193.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 21 | $188.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 20 | $191.0M | canonical | SEC ↗ |
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